₦airaland Forum

Binance is the biggest crypto exchange in the world.
Btc/usdt is supposed to be the most traded coin in cryptocurrency. Cos most ppl convert their local currency to that.


But look at Nigerian naira and usdt volume. More that BTC and usdt. I'm not even talking about the p2p. This is just spot

Eur/usdt is 31million in volume. And you tell me that binance has no say in the drastic fall of the Nigerian Naira.

A day volume , just a day is in billions of dollars.

Read about money, read about the market makers and you got your solution.
Nigerian government should force binance to stop spot trading . This is an emergency!!! The p2p can go on, but that spot trading is open to manipulation by market makers.

Fastt:
Dec 5 , when this post was made.
Btc is now 81 million.
Oggy inu is dead .

83000000 million now.

OgogoroFreak:
With those your good analysis, $50 supposed be a pass for you na.

.
There are levels to this game. You won't tell someone with 10k USD to buy sh1tcoin with less than 3k liquidity.

Most shitcoins diehards fans na 40, 50 USD dem dey run.


Makes sense buying sh1tcoins than BTC.

How ever some alts have proven useful, but I won't suggest dumping more than 30% on all alts combined.

Fastt:
BTC will soon be 50million..it's now 49 million, if you get 50 million, buy now, discount of 1 million for December party.

Dec 5 , when this post was made.
Btc is now 81 million.
Oggy inu is dead .

moshuur:
We have NFA term in crypto....DYOR is also there.
Besides, we are all adult.
And over 90% of us here are men (u get d drill as regards this).

I put over 40 dollars into oggy, trust me I still plan to throw like extra 10 inside.

Ok...

SINisSIN:
2.5m or 2.5b?

Most people here have lost more than 2.5m on crypto and dey still dey gidigba. Wetin be 2.5m? He is not serious.

Lol... Depends on how you make your money. Esp if it's borrowed money, that's a lot.

Chikacha:
You are telling us that this man is gone because of 2'400 USD?

I don't know that man . Don't know why he did it but gambling with burrowed money based on analysis of "financial guru" in this volatile market can make ppl do something crazy. Except you know how these tokens are generated with AI within 5 min, you don't go around throwing money on any shitcoin. Except you don't work for this money.

Fastt:
48 million two hundred naira. Sh1tcoins still shrinking. Once you sell that one sh1tcoin to jump into another, na dat time BTC go dump, -15% down on your sh1tcoins.
Will be entering this WLD coin small small. Waiting for a big dump. The rate they are taking ppl iris, plus AI, that token go make sense but I guess it's still over valued. Will gradually DCA.

I know this WLD coin is a good real life project. Being a good project doesn't just move a coin, the community is great. The coin don leave me do *2 , where I'm still thinking it's over valued. Its well. Make I go fine another quality good project.

RAY(raydium). 94% from their ATH. Their GitHub repo is always updated. Lots of work going on the background. SOL eco system..if you no get plenty money for BTC/sol..DCA on this project. NFA(not financial advice) DYOR.

moshuur:
Your last statement get meaning...it's why some people don't like shill coin/token here.

I am sorry if I get ur intention wrong though

But for any one here that might want to blame people for their actions,

DYOR is our mantra...no one...I repeat no one is being forced

Although, I understand some people might be over confident.

But still, we must take responsibility for our actions and inactions

Pls know what you shill here. I understand ppl are trying to make it. No one is sure of this market, you should take it like gambling and not making it look like your are crypto finance guru.

Some ppl here literally pump in their last saving to project only to be rug later.
Shine you eyes ppl, the wolf's are here to get your money. Don't give it them easily. Do the necessary research before dumping your hard earn money. I don talk my own. Let him who has ears hear .

You will see the profit of 1 out of 10 trades but will never share the loss.

Meanwhile ARB is gearing up.

mrprince01:
0x1a3a8cf347b2bf5890d3d6a1b981c4f4432c8661
Flying Avacado Cat
My call - $0.1876
Uniswap
Eth

Una don come o. Avacado cat .
As hunger dey naija so, if Una see one naira you try. Focus on something else. Work no dey here. No be only flying avocado cat.
I thought I have seen it all.

Meanwhile Oggy inu don disappear

ojay36:
Hello guys
pls is there a way to manoeuvre these gas fees on ETH?

Depends on what you are using it for. You can try layer 2 like op, arb etc.

MapleBae2020:
Thanks for this. I'm also in this boat. So I bought more in the last 2 weeks to reduce my avr price. I'm glad it's even now. But I was really tempted to take 50% out and let the rest ride on. I go leave am sha. Hopefully to see profit soon. I had to stake it in the last 2 years. But I've learnt a good lesson, not to buy at the top no matter the noise. Everyone dey find who go hold bag for them

You learnt a good lesson. Not to buy at top. There is also a lesson of how to take profit. if you bought some in last 2 weeks, it should be up 100%. Take a little profit and leave the rest to run. Why? I believe we still see a big dump. Retailers are yet to come. Money no dey.
Everywhere hard, Euro banks are blocking money to exchanges, US are fighting exchange for regulation, the small retailers still here are having problems buying. You see profit, take small go chop oh. I don talk my own. When everyone here starts asking which coin to buy, start taking profit. When the place quiet , go and buy then wait for noise.

Ibime:
See this guy. I've played two shïtcoins in the last week that have run to $10m and $20m marketcap respectively (CZ and Go Fück yourself). Within 2 days they had already ran up there and come back down toward zero.

In May I was part of a presale for Four coin that went to $35m marketcap in one morning, down to $14m that afternoon, up to $40m the next day and down to $1m within a week

That is the life of shitcoins

Ha!! Life of sh1tcoin. Before you even wake up, they have closed market.

Ibime:
Truck was a play until CyberTruck deliveries started on 30th November cos Elon Musk would tweet about it. That's when I sold. Most shïtcoins have limited shelf life. If you don't know the dates that the coins narrative expires, you will be left holding bag

Ah, seems Mazi don carry bag oh . This sh1tcoin shelf live no even reach 1 month.

Meanwhile just today BTC has added another 1million. When will ppl start selling for sh1tcoins to start pumping. I guess most ppl are waiting for the ETF.

Fastt:
Ibime should be part of the creator. Seeing the volumes and liquidity. Make Una buy oh, dem go use am jam Una head. . He won't come out and debunk it knowing fully well y'all won't buy naija made.



Some of us don't make noise. I've got like 0.002351 btc

And 288 BTC I found in an old company I got from *##**# network issuuuueeee...

I love coming back to some of my post for some context and update.

E bi like say dem don rug that TRUCK. Where are ibime and Mazi, make Una give update.

Fastt:
Just to let everyone know that 1btc will soon be 42million naira.

BTC will soon be 50million..it's now 49 million, if you get 50 million, buy now, discount of 1 million for December party.

LandMann:
So the flashcrash is a PAUSE of the uptrend, not even a retracement to allow entry at better price?

Well, what do you think about the pattern below?

I'm seeing a head and shoulder pattern on the 15 minutes timeframe and I'm thinking price will fall lower soon. What do you think?

Nlders what do you think?

Una don come oh. Head and shoulders ppl .

Once I see them like this, I begin DCA out small small. Deflower recruit will soon start selling trading papers. Money changers showing, bolatinubuInu coins selling soon

Fastt:
Nov 3 2013. Btcee dumped to 27 millions. Now it's 44 million.

Meanwhile some sh1tcoins are still shrinking.

48 million two hundred naira. Sh1tcoins still shrinking. Once you sell that one sh1tcoin to jump into another, na dat time BTC go dump, -15% down on your sh1tcoins.
Will be entering this WLD coin small small. Waiting for a big dump. The rate they are taking ppl iris, plus AI, that token go make sense but I guess it's still over valued. Will gradually DCA.

Nov 3 2013. Btcee dumped to 27 millions. Now it's 44 million.

Meanwhile some sh1tcoins are still shrinking.

iLegendd:
To those who would want to know the exchange I use for this strategy, see 40+ of them below.

I have done proper research on them, registered with them, and got fully verified in all of them and others.

I'm not vouching for them, but I use their derivatives/future platforms for my "Eggs in 50+ Baskets" strategy.

Life no balance, so I decided to over prepare.

Luck is when preparedness meets opportunity.

50 exchange for one person

Mental health should be considered here too.

iLegendd:
How I Create and Protect My Crypto Wallets

Using an exchange as the only place you store your crypto is not really cool.

Only money you can lose or you'll soon use for trade is supposed to be there. You need to have your personal soft wallet. Not 1, not 2, but 3, 7 or more. And you need to memorize ALL of them and recall them offhand. It's easy. I'll teach you.

This is how I do mine: On a brand new phone, after factory-resetting it, I install Trust Wallet and Metamask, then turn off my Internet. You can create and open a wallet without Internet.

I get a pen and a notebook and start creating wallets and when the seed phrase comes up, I immediately start coming up with a funny and some times, naughty story around those 12 words.

If it makes sense, rhymes, funny, and naughty, I keep it because it'll be automatically memorable. If it doesn't, I discard and continue.

I did this more than 40 times and got 10 extremely memorable, hilarious, and naughty ones. They're so hilarious and memorable even an alzheimer patient will find it difficult to forget.

I used AI to generate funny images that'll depict those crazy imaginative stories visually.

I used Capcut to put the slideshow together and added a voiceover. You can do it with your voice or AI voice. Capcut has everything. The stories are really catchy and absurd. That's why they're memorable.

I upload it online and people watch and enjoy. Each story is a clip of 30 seconds or less.

Note: The phrases are mixed with other words to make the story rhyme and easily recalled.

I'm the only one who knows the words that matter and their combinations, the prefix and suffix to omit to get the base word, etc.

It's the best method I have discovered. Hardware wallet? Yeah, cool to have, but the stories I hear about them nowadays eh.

Imagine uploading your seed phrase on YouTube and people are watching, commenting and enjoying the storyline, but they have no idea it's someone's seed phrase. Even if you tell them, they won't be able to fix it together.

People watch those videos, but they have no clue. Those I told still can't figure the 12 seed phrase out of those stories.

Example:

12 seed phrase

1. alcoholic
2. turkey
3. tackle
4. raccoon
5. truck
6. winter
7. guilt
8. crane
9. tray
10. child
11. dash
12 chicken

The above is a real one fro Trust Wallet.

We are different, so everyone's story will be different.

This is the first one I came up with.

An alcoholic from Turkey tackles a raccoon driving a truck in winter. Without guilt, he drove a crane carrying a tray with a child on it to dash a hungry chicken.

I realized I'm going to forget the word "tackle" so I added supporting words to make it more memorable.

Here is the modified version.

An alcoholic from Turkey, a football defender, tackles a raccoon driving a truck in winter. Without guilt, he drove a crane carrying a tray with a child on it to dash a hungry chicken.

The line: football defender is a trigger phrase to help me remember "tackle."

Even though I used alcoholic instead of alcohol, I know the main word. Same with tackles instead of tackle, etc.

When I'm done with the story, I source for images, then I open Capcut editing app owned by Tiktok to edit them.

Capcut is free and has unlimited AI image generation inbuilt. That app is too good to be free.

Anybody who edits videos on phone and doesn't use Capcut, I laugh — you're missing. The new AI-oriented updates are insane and all for free.

Anyway, let's forget about Capcut. I just can't believe it's free sha.

The above imagery is actually one of my worst. Though, it's memorable, a little funny, but not naughty or as good as the ones I personally use. Those ones, when I recite them, I can't help but laugh.

You know, I can't reveal them, but use this "alcoholic" example to get my message.

So, if I'm traveling to North Korea, nobody is going to seize my hardware wallet at the airport or if I get robbed in Mexico, I'll still have my soft wallet available on YouTube.

You can even monetize these short videos and make money with them.

So, keeping your seed phrase in the open is actually the best way to hide it and the best way to memorize and recall them easily without stressing your brain.

The thing I wrote above may seem like too much to do just for a seed phrase, but damn, it's so easy, simple and fun for me.

Before I go to bed, I always generate a new seed phrase and come up with a story around it to see if I'll topple the ones I already have. It has become a fun adventure for me.

Unfortunately, the one I used as an example above won't open because I forgot to verify it. You know, after generating a seed phrase, you need to re-type it to approve it, but I forgot. I'm really not happy with myself.

That error is the reason I wrote this post so that I'll use it to show example of how to save your seed phrase right in front of people.

They have eyes, but they can't see.

Below are the pictures for the story.

Image 1: An alcohol.ic from Turkey tackle.s a raccoon. (Yes, they've changed their country's name, but let's use it for now).

Image 2: Raccoon driving a truck in winter.

Image 3: The man not feeling any guilt from what he did earlier to the raccoon, he used a crane with a tray on it to carry a child he wants to dash to a chicken to eat.

He's such a wicked man. I guess that's why he's an alcoholic.

Tip: You can even create a funny one for your child or little siblings or whatever and infuse some rhymes to it.

They'll grow with it but won't know it's their university school fees you've put inside for them as Bitcoin.

That's planning ahead of time for your kids. Everything mustn't be in normal bank or fiat. Let's utilize this technology well the same way we're utilizing AI.

This is very dangerous. NEVER EVER store your keys online/not even in your head. I don't care whether you use short story or not. It takes a 2dollar pipe rench to strike you, make you sing like a bird and get all keys out from you.

Knowing you are probably a crytop trader and getting all your digital footprint, Your YouTube short storys can be brut-force with these possible combinations and get out your wallets.

It seems memory loss haven't happened to you before. When the basic word you know too well just escapes from your memory.

In a cold storage, you can set up a multi signature. Divide your keys into different parts and maybe bury them in different off locations(get the compass reading ) .cold storage shouldn't be uploaded online even in form or songs or otherwise.
That's why we have hot wallets for simple transfer etc.

Luada:
Why are you guys afraid binance is going nowhere

Hmmm, almost 1.5b USD withdrawal after the news.
The exchange is still functioning. I follow withdraw the small profit I sold.

Anyway, I don commot my change there. I no wan hear story.
I don sell the market wey I wan sell, carry the goods wey I never sell go my house. Sleeping like angel . If the market like make him burn, we enter defi/bisq. No be today.

Now that CZ is now in background, I'm having CAKE on my list cos he will focus now on his decentralised exchange.

BnB is going nowhere. Even if Binance should collapse, BnB is a chain. Second chain after Eth. Any drop, buy the dip.
NFA

DaemoLee:
Coin wey go return under $3

2 dollars sef I no buy. These sh1tcoins no get respect

Spider20:
Now that CZ and Binance have been removed from the field, the SEC can approve the spot ETF and Blackrock, Fidelity, Invesco and other large players can take over. This is how the game is played.

Note: For this to get played a sacrifice is needed.
#BULLISH
#Mid 2024-2025

Seems you are quoting Mike Alfred. Why not share his post instead of copy and pasting him without ref. Knowledge sharing should be advisable here.

Fastt:
GAS don GAS some ppl.

I tend to avoid coins that have pumped alot. In most cases, once the pumpers take back their invested money plus your liquidity, they leave you to hold the bags while they settle to more stable coins.

If you didn't buy before the pump, better look for another opportunity, that one don leave you pass.

Mazinewmoney:
Cc:ibime sir, What inspired you to buy Cyber Truck?

Ibime should be part of the creator. Seeing the volumes and liquidity. Make Una buy oh, dem go use am jam Una head. . He won't come out and debunk it knowing fully well y'all won't buy naija made.

OgogoroFreak:
I currently have 247 BTC.

I Love bitcoin

Some of us don't make noise. I've got like 0.002351 btc

And 288 BTC I found in an old company I got from *##**# network issuuuueeee...

Just to let everyone know that 1btc will soon be 42million naira.

Chikacha:
Now read your response again, slooowly...

Make him go manipulate Russian Economy again nau.

Not what he is saying. I remember when the Russian currency was dumping against usdt. I tried accessing the currency to profit from the turmoil but was told I couldn't cos I wasn't russian resident.

Naira/usdt was like that initially when the spot came online but it was changed after few months. Now anyone can access the naira/usdt without being a resident. There are millions of user in Binance, make the calculation. I still believe there should be restriction on who can access the spot naira/usdt spot market.
Or they should leave only the p2p. Cos the spot is easily manipulated by some external whales.

imbless:
I don take profit for sol at 62, I bought at 38, me I can't be hoping for imaginary 10x

Nice. You see profit for this bear market. Where hyperinflation is killing some countries. Carry the profit lock up. For me I believe there will be major drawdown. na those big crypto "bros" dey pump alts. Retailers are not yet here. So if you see profit, sell 75% leave 25% to run.

I

The struggle is real.

GAS don GAS some ppl.

LandMann:
Your advice is not for the typical average Nigerian who doesn't fully understand how crypto works.

The best time to buy BTC and any other supposedly good crypto is "yesterday".

I'll only advise you to buy BTC if you understand that the value of your purchase can drop by 50-90% suddenly, and you'll have to hold such cryptocurrency for as long as it takes for it to return to it's initial value. You must also understand that your purchase can become totally worthless the next minute, and you need to be prepared to face the consequences of such event happening.

Most of the folks buying USDT today only know how to buy USDT because the process is relatively simple and the risk of losing your money is lower compared to investing in any unstable cryptocurrency, including Bitcoin.

You can't be running away from any unstable currency like Naira and immediately jump into another unstable but valuable currency like BTC. Premium tears and regret will follow.

So let those holding USDT hold their USDT. They can save the USDT and earn interest on it on cryptocurrency exchanges. This is an opportunity the government is not giving to them by refusing to develop the country.

At bolded. USDT might be stable now, you don't know what might be coming.

All those ppl chasing 10% Apr on some stable coins few yrs' ago on blockfi, voyager, UST, FTX...either thrown out or starting over. This is not a race. Take time study where you put your life earnings.

Moving along, go get your nostr client set up. It's a decentralised social network. Get a Satoshi wallet. Keep posting and you get rewarded some Satoshi through lightening network.

If your income is limited, focus on Eth.

If your income is very limited, find other proven tokens that has not fully pumped.

For gamblers , follow community tokens. Those ones that make a lot of noise on social network. Throw some chicken change there. Don't go and throw big money cos when e reach to cash out you see no liquidity. Dem go use you chop clean mouth. Most ppl here shouting buy wiki cat, inu cat, na 10, 10 dollars dem dey put. If you like carry your big money enter those trades. On your own! Your money is gone.

We are here to make money, if naira like make him reach 5000 per dollar, e no consign me. Better for me, na to come Una village come carry plenty oyoryor in dollar value. As we never reach our 5million USD, na to use the small profit chaing in naira take hold body.

My irman, I no get your strength abeg, go find deflower argue with him. Don't ping me again except you get business for me. No be me be Tinubu.

LandMann:
The real problem is that dollar is not accessible or easily available through the official channel at that official rate.

The government is heavily involved in manipulating the dollar price by creating several insurmountable conditions before the ordinary person can access it for their needs.

The root cause of the problem is that Nigeria is not a productive nation by all reasonable standards. The things we love to consume most are not produced in the country, we need dollar to by the foreign goods, and we don't have enough of the dollar because we don't produce the dollar and we don't earn enough dollars compared to the demand of our burgeoning population.

Even when govt tries to curtail our appetite for foreign goods by settings conditions that make dollar unavailable or largely unaccessible to ordinary citizens who, so as to keep the naira from depreciating, the strong headed citizens look for all channels and means to get a hold of the dollar to use as they see fit

This is what creates the parallel market where you see the rate is starkly different from official rate. The parallel market rate is the true rate if the government removes all stumbling blocks preventing access to dollars.

If the government does that, the economy will collapse quickly cos price of everything that depends on what is bought or brought in from abroad through dollar currency will skyrocket.

Even government will not be able to carry out some projects because those projects will become increasingly more expensive due to depreciating currency.

In my opinion, a depreciating currency is what we need to reset our brains in Nigeria. Government should maintain the official rate and use dollar proceeds to quickly fix our production capacity and education (fix refineries, fix electricity and fix schools and healthcare to world-class standard). This will make made in Nigeria goods and services cheap.

Those who want to continue accessing dollar through black or parallel market so they can satisfy their appetite for iPhones and cars produced outside their country, and gambling on digital tokens in the name of cryptocurrency trading or investment, should be left alone to keep paying high price for dollar in the parallel market. The increasing price of dollars will reset their brains.

Understand your point. The point is a lot of Nigerians are hoarding USDT. Due to sharp decrease in naira, most are holding their reserve in USDT. Thinking USDT is USD. Not same at all. Every crook and harry I know now wants USDT. That speaks a lot.

To avoid hyperinflation in any currency buy BTC especially if you are used to the security layer. Play with Shitcoins for profit. Demand and supply. A lot of demand for usdt. And since it's tied to a dollar, we tend to forget its not regulated hence it can be easily manipulated by the big forces outside of Nigeria. They are just being minted every now and then. I use my local currency to buy BTC direct. I take profit from shitcoins I trade it into BTC to avoid stories that touch.

etin06:
When usdt depeg, people go learn new things.

Don't mind them. Official dollar price from bank is 750. Aboki FX is 970 while Binance(usdt) is 1050 and they say Binance has not hand. Meanwhile when you ask them price of USD they take reference from Binance. Jokers