₦airaland Forum

greatiyk4u:
This one na yoruba comedian that is known only by his people

If you think comedians are the ones you are hoping on to liberate a complex nation like this, then you are not in touch with reality.

Even through his wack comedy he is not propagating any message of hope and value to the youths

Where is #EDOPIKIN?

I believe you haven't heard of Volodymyr Zelensky the Ukrainian President.

Please read and educate your brain before contributing to public discussion

mrfreestuff:
No amount of attempts to confuse us will work sir.
You don't have the information as much as CBN and BuyCoin which quoted that last year, $200m bought with naira was being shipped out to foreign countries every month .That is N1.2T being tied down idly !!
Yet this number keeps growing because of insatiable greed while the rest of us keep paying the social cost.
If Ghana and others want to destroy their economy by hosting people who will be shipping their hard earned USD overseas, they can go ahead and host such economic sabotage.

These countries can't even provide the kind of huge demand of monthly USD demand and if they do, they will seize and trap those funds with one policy and datsall. By that time, please don't come and beg FG to intervene and prevail on those countries to allow you take out your funds for repatriation to Nigeria.

Can you show me your portfolio of what you have contributed to the Nigerian economy. And who is **us**.

You mean other countries are sabotaging their economy by allowing cryptos. I hope you see the light.

Crypto is here to stay. Kindly stop mentioning me with your ineptitude

doxijaw:
So i should put 10 million in a bank that pays less than 3 percent interest or buy stocks in unproductive companies that would half the value of my initial investment after a year?

How is the currency domiciled abroad when you have instant access to it.


You have no understanding of how economics work's, crypto traders are actually robbing from western countries and bringing wealth into Nigeria.

Let me ask you, after making crypto profits in what currency do they withdraw and spend ?

Think through the last paragraph properly

Honestly, many of them don't know shit about crypto. I have stocks with foreign companies but won't dare touch Nigerian companies.

They expect me to stay with banks interest or the tbills or sukuk funds. When I can get *20 of whatever they offer in Defi. And I will still bring this extra profit back for use in the Nigerian economy

mrfreestuff:
I think you missed his brilliant analysis sir. You guys are loading naira to buy USD which is now shipped outside Nigeria for hoarding and possibly to build their own economy at your own risk. You are their MAGA o!
Remember, you will still change the Bitcoin back to naira to spend in an economy you robbed of the returns on the value stored in it.

Just 1 year run of it, naira has been devalued twice and you still don't get it that mopping and exporting $200 million monthly when you earn less USD inflow is suicidal and can never be sustained?
It is the greed that eventually exposed how the business is practically killing the rest of us not in it.

I think you missed my analysis too. What were we doing right when naira was around 150-180+. Don't feign ignorance of what's going on. You want to pin everything to crypto when there is little or no development going on in the country.

The stupid CBN never thought of how they can regulate and generate income from crypto.

Take paystack that was acquired by Swipe a company utilizing blockchain and have its own coin SXP as example. We have lot of similar companies that would have thrived but for crazy policies.

Have you tried checking P2Ps in Nigeria.

Crypto is not the cause and not part of the cause of naira downfall. We will only improve Ghana, Benin economy with this ban.

Esseite:
Atiku is just chasing clout... CBN took the best decision.

Unregulated Crypto currency is a lazy investment that tilts more on outflow of FX rather than inflow.. it is death sentence to import dominated countries.

E.g- I buy bitcoin with N10m that would be domiciled in source Nation(not Nigeria).. if it rises in 1 year by maybe 10%, I may have gained 1m as an individual, but I have starved my country economy of recycling my 10m if it was domiciled in a Nigerian bank or invested into the society which could have produced more than 10% while creating jobs.. note as an import dominated nation, the chance of loosing that 1m as another escaped forex is 95% on foreign goods while 5% I may spend on local food.

The Nigerian greed for small margins has blinded a lot of people, imagine Crypto currency trading far beyond your indigenous Stock exchange and some feel it's okay

Can you show me your Nigerian stocks portfolio?

You mean we should keep money in a currency that is next to valueless. C'mon, have you checked the inflation rate?

Have you checked the total transaction of bitcoin in Nigeria from 2015 till date.

Compare that to what the govt are stealing in a day and keeping in Switzerland.

You my friend have no idea of what crypto is or money

Dalil8:
Well he still has his security detail (9 Soldiers) attached to him whether he's the COAS or not. All retired service chiefs do.

How many was with Alex Badeh when he was assassinated?

cole01:
Fbinvestigator good morning,please can you help me edit your posts,thank you

I don't do that. Never mind the whole thing will go or better still create another account.

B3njozy:
Fbinvestigator

pls I was scammed by an online and unknown scammer in terms of investment.
the company name is Jaystock Royal Concept, pls how can you help out..
I wasn't the only one scammed but it has really affected many Nigerians.

I saw your work on Cole01 on the Olosho beer parlor thread and I'm active on there.
pls assist me and others

Do you have evidence of conversations and hope it's bank transfer you people did. The company account will be blocked until provision of source of funds which the person can't provide.