₦airaland Forum

owunabastard:
apart from USDT that being manipulated by Binance, which currency is purely equivalent to US dollar in crypto world?

USDC. At least they are monitored by the US govt.

Eaglepixel:
These days outside social media people don't reason deep and comprehension level is low. They also hate the truth.

Binance contribute 30-50% to the fake price of usdt/ngn.

Look at the amount of USDT being minted. Where is it going into ==>binance. They mint, sell to you . You rush and buy cos naira is going down. They use some real naira money to prop btc.

If you want to protect your money, asset, invest in something of value.
Real estate
Index funds
Eth or BTC (more risky but better than sh1tcoins).

Stop buying and hiding USDT. USDT is not and will never be USD. Don't go and loose your life savings.

Volume very low in other exchanges but binance. Binance has been having money transfer problems from UK, Europe... Almost all western world. Third world are beginning to tighten up and ask questions.

They open naira spot trading to meet demand and easy manipulate.

The last time CZ tweeted Nigerian flag. Left no comments. And they said learn "economics". Only if you learn about hyperinflation, money history, and how it can be created out of thin air (USDT), ppl scared of loosing their savings thereby running into hiding it in USDT . You will think twice and investigate from all angles in order to control the naira depreciation.

Bullish99:
Take it or leave it, Binance USDT/NGN chart and Binance P2p has being a rolel model that controls Nigeria exchange rates. Sad! But true.
I took my time to study this. Most of you here can type BLA BLA BLA that we majorly import so many things well, it shouldn't be worse as this and moving at this pace if BINANCE never existed.

Don't mind those small boys attacking you. As CZ opened the spot trading, the rate at which anyone trading this currency is on a high level. If them close that spot trading and leave only p2p, this manipulation will curtail. Make dem dey there make pant dey wear them.

In binance alone, 24 hrs period you have a buy/sell volume of 700kusd/ngn(spot not p2p). Some days 1m usdt/ngn.
Early days, Forex trading/aboki exchange are limited to some ppl. Now with binance, common man has access on ground level. Make no mistake, Binance plays a major role. Sometime the order are even larger than BTC/USdt pair.

Earlier this yr, you couldn't sell usdt to naira if you are not in naija using p2p. Now you can trade Ngn/USdt on spot. Meaning I might not even cash out my naira, making more room to verse market.

Like I said, demand and supply. Most naija wey wan jakpa, ppl wanting a safe heaven to the depreciation of naira goes towards USdt cos it's more stable than other crypto.

My position still remains buy BTC instead of USdt. Real asset.


.

Crypto. All dydx ppl don vanish. 100usd trading books, wiki cat, maitamaInu, agamaInu... Market dey show pepper. Some of us don reach village. New coins dey pump, older coins dey vanish. Bag holders praying for amazing grace. E don shele. 5million USD in 5 yrs . Now na survival oh.

See LTC wey don see halving, the thing don go back to square one. BTC fit do same if the economy continues like this.

Na ppl dey cause bull market, if free money no dey, na Siddon look oh.

goodwalima1985:
Loom is still too high for me to buy again. Thinking of the one to buy or I should wait for it to come down first?.

Please🙏 gurus your kind advise.

Relax. Once you cash out like this. Relax. Take time off and watch your favourite list. There is always a drawdown. Might take even more that 2 wks . Na lack of patience dey make ppl lose.

Go and drink beer first. Market no dey run.

A simple reminder not to keep your assets on exchange.

Move large amount of your crypto assets off exchange to avoid stories that touch.
Binance US is still under scrutiny. No much fiat inflow activities as SEC has made it difficult for them.

UK banks had cut off long time ago Binance .

Now their euro payment partners has written them off. You can't withdraw or inject new money .
My guess it's the third world countries like Nigeria, India that is carrying Binance load.
My opinion, they can simple shut down, size your funds and you will do sh1t cos the major countries are not concerned.

Traders know your risk and plan accordingly.

BTC/Eth owners guard your asset.
Sh1tcoin ppl no dey breath again self as they don reach villa since

Happy weekend.

twosquare:
Well, you may want to try PayPal stable coin now that they are listing it on exchanges.

Not buying all those stable coin. LUSD just went to zero. Things not regulated. UST. Either hold the real dollars or buy BTC.

DaemoLee:
I am yet to actually see what would make me buy USDT to NGN at this ATH. A collapse or sharp drop looks very possible. Lots of underground works are going on at the moment.

I have also bn out of the market in some profits for like a week now, and I have added more flesh within that short time cos I have been having sound sleeps with peace of mind couple with concentration on other important things.

Sincerely, with lots of manipulation that now exist in the market more than it was in the past, I feel bear market is a time to take a break from the market and if at all u wish to accumulate let it be the likes of BTC, ETH and probably BNB whenever one sees a tremendous lows that would get everyone frightened buy.
When the bull market comes, only BTC movement seeing a higher high would signify the beginning then may be alts that survived the bears can be accumulated for profits then.

The market requires whole lots of patience else one would be in profits today and next day be in whole lots of loss that would humble one and get u patient forcefully.

Well said. Still watching the market. When they start sharing free money, I will buy my favourite coins sh1tcoins. Now I'm focused on the basic. Making free Satoshi on notsr when I got time for memes.

DaemoLee:
The amazing fact is that no one talks about it anymore and we seem to b cool wit it.

I am not sure I can ever buy at this rate...

If you are earning in naira, you just have to buy/convert to USD or Euro. Nigeria remains highly consuming country. Ppl jakpaing every now and then. Seeking for more dollars. It's sad how we got here .

If I was earning in naira, BTC will surely be my savings cos usdt might collapse. I no trust that stable coin. I only convert to it to buy my favourite.

Meanwhile, been out of the market a while. Even though my shit coins are like 10% of my portfolio, only one shit coin is carrying the rest. The rest have turned to dust. . And some ppl make it their destiny to invest all in those shitcoins. Une well done oh.

Usdt-naira (1000).

Naira turning to Zimbabwe dollars?

Fastt:
My take on the market.

If you weren't in before, this is not the best time to jump in. Except you time well(big drawdown)...this mini bull might not last, why? There is no money. The last money now are coming from all those that took profits from the last bull. No sign of liquid market. Loan interest is about 8% and is still increasing. Inflation still high. Have you seen the prices of food?
I have been buying from the bottom, I'm selling half and letting half to run in case the market does otherwise.


If you have been DCA in, this is the time to start DCA out. Take profit installment.

My strategy has always paid. Very simple strategy if you don't want to read chart Macd MacC. Follow the sentiments. Buy your favourite when every hope is gone but you know the project is doing well. Sell when ppl start asking, should I buy now. .
Easy money. Then go continue your carry cement hustle. You might retire in 10yrs.

This is Not a financial advice. Just my opinion. And my level of risk management. Ppl are different and money psychology plays part in there level of risk too.

Treat btc/Eth as index funds.

Others should be treated as you treat your stock picking. Know when to buy and sell. Then gradually increase your risk. This post is not for every one. Will make a post soon for how I make my risk tokens .

As I was saying, make Una go find work oh. Or buy dip on more secured decentralised/centralised asset. Since lots of ppl waiting on 25k, pick one coin, buy with 50%, wait for retrace, complete. This was never the time for shattama -inu, wiki cat, paper. Many ppl don sign off. Almost 800milliin lost in last dip.
Go out and touch grass then see what's going on real world .

Ppl waiting on bull, where is the money coming from? Bear market makes ppl rich, find out those asset and go with it. Once a month, do some clean up, replace some with others. Continue living. This will past, when economy finally stabilises. You just wait and reap your labour. But for now, do not retire yet to your village with no money. Keep grinding!

Your environment, what you read, hear , follow, ingest have a toll around you. Before I came to Nairaland, I was wondering who were buying these sh1tcoins.
Now I know some ppl made it their lifes goal, buying sh1tcoins, either from hearing it here , influencers etc. 400 USD to 5 dollars. Twitter is dying out, most ppl don withdrawn when the little they have has vanishe (only to come back during bull). Stay with a known and valid project for now and accumulate. Go and hustle now you are young, throw in 10-30% according of your profit, go back and continue carrying sand. Money no dey this leverage oh when CZ has all the orders and know how to play against you. Be wise. Guard your money like a hawk make you no go back to village with slippers even though some ppl don reach there.

For those when don reach village. Take the big L and learn from your mistake. Life is full of experiences. You can make it back as long as you follow the principles of money making.

seanwilliam:
who don use remitano recently are they still reliable ? Cc omobola121, mazimoney, fastt , icecream4u

No idea, be careful out there. Even Binance I treat like market. I no dey leave money there.


Market has been boring, no one is talking about naira going to 900 USD. This is ridiculous

Mazinewmoney:
Fastt this market don carry me de go where I no know

Ppl are losing interest in crypto so the shitcoins dey hear am first. Most young guys into crypto start getting interested by AI. Lots of jobs are being replaced, cut down of resources, war. And you think ppl will throw in hard earned money on some shitcoins made by individuals. That's why I stick with the basics. Tell chatgpt to create a sh1coin for you, he will give you the step in less than a minute you have a sh1tcoin. Get some bot to shill it. Any sh1tcoin their website is stagnate, no update on their repository, no community to shill it. Consider it done! Take the big L and take time to learn about investing. All is gambling. but learn to choose your risk.

My take on the market.

If you weren't in before, this is not the best time to jump in. Except you time well(big drawdown)...this mini bull might not last, why? There is no money. The last money now are coming from all those that took profits from the last bull. No sign of liquid market. Loan interest is about 8% and is still increasing. Inflation still high. Have you seen the prices of food?
I have been buying from the bottom, I'm selling half and letting half to run in case the market does otherwise.


If you have been DCA in, this is the time to start DCA out. Take profit installment.

My strategy has always paid. Very simple strategy if you don't want to read chart Macd MacC. Follow the sentiments. Buy your favourite when every hope is gone but you know the project is doing well. Sell when ppl start asking, should I buy now. .
Easy money. Then go continue your carry cement hustle. You might retire in 10yrs.

This is Not a financial advice. Just my opinion. And my level of risk management. Ppl are different and money psychology plays part in there level of risk too.

Treat btc/Eth as index funds.

Others should be treated as you treat your stock picking. Know when to buy and sell. Then gradually increase your risk. This post is not for every one. Will make a post soon for how I make my risk tokens .

Shitcoins still going under. Almost 3000 shit cons are dead. More to go. US has restarted student loans repayment, less degen plays. In Europe, ppl are now being harassed to payback COVID loans. I still believe more drawdown coming. Won't be selling the major coin but will only put in money below 25k BTC.
Don't expect the next bull to be like 2020. Days of free money is gone. Invest in the old timers. BTC, Eth, doge,ltc,bch, BnB...these should be like 80% of your crypto investment. And crypto shouldn't be more than 30% of your portfolio.
Remember, crypto is still speculative. Risk management!

If you are looking to make it big. Go and find work o . Or polish your skill then create things. Buying shitcoins made in 15mins by individuals won't make you millions.

Simonokeh7:
Ok thanks bro about the btc being a safe haven I was actually buying the btc initially until I noticed that it was too volatile, it changes a lot, I even lost about $30 on my initial $100 worth of btc within a week because btc was just fluctuating anyhow, my guy then told me to convert them all immediately to usdt.

And I did.
Whilst on USDT I've never made any loss whereas I've made gain of over 300k naira because when I put the coin in, naira on p2p was about 741, and right now it's about 761, so that's a gain on all my assets.

I don't know if the rate rise as inflation hits the naira more and more.


And then about the hard wallet you recommended Satoshi.
Thanks a lot.

Hmmm. Supply limited(BTC) to supply unlimited (usdt)

narite:
When did you try to withdraw? I initiated a withdrawal and it was swiftly processed.

As at today am not sure one can still withdraw from the exchange cause today is the final deadline they gave to their user who has assets on their exchange.

Thanks for this. I just remembered I had some shit coins there. I have withdrawn. Even though the money no even reach beer money.

Simonokeh7:
Guys I use my binanceee for saving in dollars should I be worried over any crash.?

And my assets is in usdt which I believe is more stable than btc because usdt is supposed to be tethered to the American dollar

I don't do any sort of trading or buying of lesser known coins or thereabouts.

I just deposit BTC convert to usdt and save.if I need cash I trade in p2p.

Should I be worried or should I just trade all and then save in my naira account??

If I'm you, I'm buying bitcoin, instead of selling. I buy bitcoin, move into hot and cold wallet.
Use the BTC hot wallet for transaction with lightening. Wallet of satoshi can do that.

If Binance closes, your money is gone. If you loose your key, your money is gone. If usdt collapses ,your money is gone. USD is declining too with all the debt ceiling.
I'm still buying BTC. Jack formal twitter guy is building something massive with nostr. Elon musk is supporting Sec will never come for BTC but might come for usdt.

BTC is your safe heaven. Your retirement. Any other thing na gamble oh.

This is me sha. Almost all my sh1tcoins don turn to dust.

lrman:
Lol..just from ordinary SMS charges alone..banks in nigeria make millions daily..

50naira from millions of customers...do you know how much that is ? I have not mentioned other hundreds of avenues that banks in Nigeria use to make money ooo

Hmmm, there way no clean. Meanwhile, tomorrow Binance is listing BTC/NGN trading pairs. As US no look their way, they are camping in third world countries.

lrman:
I can tell you for a fact that most Nigerians banks are gaining and not losing..e.g access bank...

Maybe other banks in the world.. not banks in Nigeria...

Ah ah, where the money dey come from? Dead ppl? Make I know whether I go come burrow money from them.

Fastt:

The only gain I made is from BTC/Eth. And maybe small nkwobi money from sh1tcoins. The remaining small maney I recycled in sh1tcoins, I no see head o. Be like deflower. Promise heaven and earth, once you throw in small dollar, e swallow.
And ppl are investing more than 10% into this shits!!! Any DCA I get na BTC/Eth . Dey watch out on next sh1tcoin to dabble in and out. Still remains nkwobi money. Money hard these days, I no dey take any how risk

I never see the shitcoin. Waiting for arb at 0.59

Na wah. Just checked small sh1tcoins I have, almost all of them don turn to dust. Sh1tcoins buyers, hope say Una never reach village o. If to say I put most amount to these shit coins, I for don reach village with nylon bag.

The worst part of all, the DCA shitcoin ppl wey dey wait for bull market, Una doh oh. Bull fit reach and your sh1tcoin no get investors cos ppl don sign off.

Since the beginning of this yr, only one property bank loan has been from my bank manager at a whopping 4%. Banks are loosing and trying everything to make money. Interest rate still. going up. Meaning no more free money to gamble with. Know when to gamble and know what you are gambling with. Be safe! It's well!

seanwilliam:
Tbh, at this stage I’m having doubt if anyone here is making gain from this shît

The only gain I made is from BTC/Eth. And maybe small nkwobi money from sh1tcoins. The remaining small maney I recycled in sh1tcoins, I no see head o. Be like deflower. Promise heaven and earth, once you throw in small dollar, e swallow.
And ppl are investing more than 10% into this shits!!! Any DCA I get na BTC/Eth . Dey watch out on next sh1tcoin to dabble in and out. Still remains nkwobi money. Money hard these days, I no dey take any how risk

5 laws of gold

1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

Law #2
Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
Law #3
Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
Law #4
Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.

Law #5:
Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.



Read number 4 and 5 carefully and slowly.

There are a lot of deflower in this thread. Be wise!

I wonder how many sh1tcoins graceglory got. From lunc, floki,kishu,maga, frog, bigdoge, babydoge
One would ask if they are actually buying these shitcoins or just shilling for shilling sake.
Tokens now can be created in 25 secs. I got the video for anyone that wants. Desperation to get rich quick if not the minds wonder why ppl will throw in their hard earns dollars for tokens that can be created easily , there is not even a single dev / evolution going on in these tokens. Searching for a pepe gem.

I guess there is still money going around, the big fall never start. Buy when every where don quiet. These meme coins has woken up after most ppl that bought BTC below 16k has profited ,sold some bags for pump their meme coins.

Na look I Siddon look. When they cash out, they go back to the basics.

Where is dynamic Abi n dynamix and his long and short call. Hope say him never reach village so. The street is not smiling.

pinkygurl:
It’s fake you are right. Sui official has no airdrop
https://news.coincu.com/179886-sui-has-no-airdrop/

Is it not same SUI I'm farming in Binance launchpad. Abi it's another one. Farming for 2 days, will soon end btw .
I think they will soon list it in binance with the farmed token to participants.

Pristine664:
Lol I just dey reason them too. Future na bad thing sha.

Even with all the manipulations, I'm still in about 7% profit in the last 48 hours on spot.

7 % profit . You are doing well. Some ppl no see capital sef not to talk of profit.