₦airaland Forum

WriterNig:
🐻 🇷🇺 + 🇨🇳 🐲

To become one of the top trading economies of the world, the government of Taiwan yesterday, charged the federal government to make effort to bring back home all its talented people around the globe.

The Chief of Mission of Taiwan government in Nigeria, Mr. Andy Liu, who gave the advice at Taiwan Business Forum 2024 in Lagos yesterday, said that such a policy was what helped his country.

Liu, who noted that Nigerian people were highly talented in all spheres of life but scattered all over the world, said: “I think Nigerian people should be very proud of yourself because you are one of the most creative, the most practical, and the most dynamic people in the world.

”Not just your knowledge in the movie, music industry, but your talent of becoming world-recognized, of so many medical, scientifically talented people around the world.”

Speaking on how Taiwan became one of the top trading models in the world, Liu said his country placed emphasis on education and had attracted all their talents back home.

He said: “One of the important things is for your society, for your people to attract your talents back home from abroad.

“We in Taiwan did that so seriously in the 1990s and early 2000s. We attracted people from abroad back to Taiwan to set up companies, to set up factories and set up the assembly line.

“So, the Taiwan Semiconductor Corporation was set up in the late 1980s and it became the top leader in the world of semiconductors and microchips. The founder was a 55 years oldretired scientist and also entrepreneur in the US.

“Our government invited him to come back to Taiwan at the age of 55 and established a company that ran for 30 years and became the most successful company in the world in science and semiconductors.”

“So, please brace yourselves up by bringing your talented people back. And Taiwan has been regarded by Madam Ngozi Okonjo-Iweala, the World Trade Organization Director General, as one of the top trading models in the world. We are the top 20 trading economies in the world and we are the 15th richest country in the world.”

iLegendd:
I have bought, but I'm not saying you should or shouldn't. Our strategies may not be the same.

I'm vague because I don't want to take blames if we slide to 52 or 48k.

iLegendd:
The 3rd dip has taken place today, so we should have some relief this week before more dips.

The 5 green has presented itself today.

Gjrich:
https://dailytrust.com/fg-to-nigerians-accept-tariff-hike-or-face-total-blackout/

Kemadealadire:
For female gowns, yes. For males, we have ready to wear Adire tops, for roundnecks and shirts, we make them based on order. Other than that, you can buy fabrics and make designs of your choice.

Stanleymaster1:
This is not news, it have been happening in other countries including Benin republic. What we want to hear is ship loaded with 566 containers of export goods left Nigeria.

Kemadealadire:
Orisirisi.

AyodejiFelix:
Kudos to sujimoto. Nigeria needs individuals who are business oriented and who can provide services that will make life easier for people

leroi01:
So...nothing innovative or new in the value proposition.

Just the regular fintech hustle.

iLegendd:
There is money in a boring market if you have a good strategy. Just long and short the same coin.

Example, choose ENA.

Buy short and also buy long on Binance.
Buy short and also buy long on Bybit.
Buy short and also buy long on Mexc.

And so on. Now, go to sleep. In few days, either your short or your long will be in profit.

Pull out the side in profit on Binance and leave the other exchanges for some days too. If it keeps going down, you add in money on Binance to avoid being liquidated.

At a point, based on support and resistance, close the side in profit on Bybit and leave the other side. Don't forget to add in some money to avoid liquidation.

You keep doing this till the coin is tired of going to that profit direction and reverses to where you bought both the long and short.

In the end, you've made profit in a boring market while protecting (hedging) your money.

Just for fun, but it always works for me 97% of the time.

iLegendd:
No timeframe needed.

Any day the entire coins on Binance is in red except 5 coins, it's the day.

Hot section, all red.
Gainers section, all red, except 5 coins.
Losers section, all red as usual.
New listing section, all red.

When this happens, it's time to buy some.

Note: it has three crash phases. Crash 1, crash 2, and crash 3. On the 12th, crash 1 happened. On the 13th, crash 2 happened. We are waiting for crash 3 (which will probably happen after halving).

If you're confused, let me know. This 5 greens is self-explanatory. All that is needed is patience, knowing the coins you want to buy ahead of time, and having enough USDT.

GRACEGLORY:
Comrade, Dietrich Bonhoeffer, once said, “The essential quality of optimism is that it disregards the present and instead serves as a source of inspiration, vigor, and hope in places where others have given up; it empowers a person to stand up, seize the future, and resist giving it up to their adversary.”

I have learnt this, the hard way that giving up is never a wise course of action rather, it spells doom, giving up makes you weak and defeat you so you won’t win the course. You may rebuild your trust in God and yourself by staying active and adopting an optimistic outlook on life, though, as it is the best to do…

What is optimism?
The insane insistence that everything is OK even while we are suffering is known as optimism. Not that the pain isn’t for real, or that the pain enjoyable, but the pain is the price for the prize. No pain, no gain, no gut, no glory.

If you can’t afford the dip, and trapped above… be patient.

Julius Caesar, once said, “It is easier to find men who will volunteer to die, than to find those who are willing to endure pain with patience.”

You must understand that everyone with patience may obtain everything they desire.

Be patient. Everything is tough before it gets easy. The tunnel is already open, so we're there. The sky isn't big enough for you to succeed, as you can see.



But in the end, You would mentally return to this statement, grinning, laughing, shaking your head, jumping, and giving me an imagined embrace.











ALT Season will come, I’m optimistic, I’m a believer 🙌🏽🙌🏽🙌🏽

iLegendd:
Good point, but I can tell you, you're currently not happy with your portfolio right now, but as a strong man, you'll chest it and I love that.

Imagine you make your purchases only when there are 5 greens. Imagine your USDT were all with you now, won't you be happy with this opportunity? While you wait for another opportunity should BTC goes below 59k

All I'm trying to say is, buying at the right time will save you waiting for too long to make profit. And there are only 3 best time to buy. Most of you didn't buy at those times, hence every bleed will affect you.

So, it's good to HODL, but it's even better to buy at the right time and leave at the best time (when everyone else is buying in bulk).

GRACEGLORY:
Even though promising, bigtime, is in a ‘high risk' category at the moment. Things could turn around in the morning, you know how the market could be.

Barely 805.88 M of 5B SUPPLY in circulation.

abc115:
Price War: Ethiopian Airlines on Lagos -London Route now Cheaper than Air Peace

Obodo999:
Ta lo mo aalo ki o wa beere ni ibi bayi.
Ma a koko bere,
Kini o ba oba jeun ti ki palemo?

Melagros:
And the prices of goods and services will remain high. So, where is the change that you promised us?

iLegendd:
Tip for future traders.

One way to make lot of money in 20 minutes is to follow Binance Telegram page. When they say they'll delist a coin and you're among the first people to see the post, short that coin immediately and in 20 minutes, leave. See below.

Some of these delisting is just part of manipulation. They want someone who is leveraging the coin and making lots of profits to close his trade or they themselves want the coin to crash so that they'll short, take profit and rebuy with another exchange at a cheap rate.

Months or a year later, they'll re-list the coin and transfer their coin from that exchange to Binance. When they relist it, it will pump again as if it's a new coin and they'll sell again. The market is full of manipulation, but it's fun.

iLegendd:
When to take profit? Take profit only the day your coin pumped 100% or more in a day.

If it doesn't pump at least, 100% in one day, just act as if you've forgotten it as long as you bought it within those three best times to buy a coin I posted yesterday.

It will keep increasing or decreasing in value, so leave it and don't be emotionally attached. But that day it pumped 100% or more, try to take some profit.

Every single coin, no matter how lazy they are, has a day they MUST pump at least 100% in a day or within 24 hours. Some may be pump and dump, but at least, it must happen. Even LTC, XRP, XLM or TRX that hates to move has a special pump day of at least 100% in 24 hours.

Some of these 24 hours can be split into 2 days. You know 12PM from Monday to 12PM Tuesday is 24 hours even though they're two days.

So, allow your coin to pump at least 100% in 24 hours. It may take months or years for this to happen, but it will surely happen as long as you bought it at the right time.

The right time almost presented itself yesterday when BTC was at 60.8k, but the Gainers section of Binance didn't have only 5 greens, except it did while I was sleeping. So, this means even if we go up to 80k, we'll still come down below that 60.8k.

Yes, taking profit at resistance is also good, but the 100+% in a day pump is better just the same way buying at those 3 best times.

iLegendd:
There are only 3 best times to buy a coin

1. When it's not listed on CEX yet and it's not more than 100 Million MC and sometimes, not even more than 5 million MC and it has passed all the rug pull test.

2. When it's in extreme oversold in bear market and you know it's a great coin with a reputable team or big name CEOs or company.

3. When bloodbath happens to every coin in a bull market and there are only 5 green coins, especially stable coins, that are in green in all the coins on Binance Hot, Gainers, and Newly Listed section.

Bonus:

The 4th time to buy is only for those doing day trading and are using TA and news to long or short — professionals only.

Apart from these 4 times, any other time is too risky, but it may be worth it in the end. Afterall, in Heaven or Hell, there is no crypto needed.

It's just money. It's meant to be spent. Not all your money will be spent wisely no matter how stingy, frugal, smart, intelligent or wise you are, so accept losses without feeling like a loser because without it, you'll never have an intriguing relatable story to tell others when you decide to write a book about success and not giving up.

alphaNomega:
they want to use propaganda and defend the naira

Analysts including Goldman Sachs see USD/NGN rallying 25%
Nigeria central bank expected to raise rates again next week

Nigeria’s prolonged battle to stabilize its currency is finally bearing fruit, with analysts now forecasting the battered naira could rebound sharply before the end of the year.

Analysts at Goldman Sachs Group Inc, Citigroup Inc. and Standard Chartered Plc see the naira advancing by as much as 25% against the dollar this year, as jumbo interest-rate increases and other steps to attract foreign capital yield results.

The naira has been devalued twice since June after newly-elected President Bola Tinubu ended Nigeria’s longstanding practice of fixing the exchange rate, alongside other reforms to lure foreign money and boost the economy.

While the process has been painful, with the currency sliding 70% against the greenback to a low of 1,627 earlier this month, the naira has steadied in recent days. Further, the gap between the official and unofficial market rate has narrowed sharply.

Razia Khan, chief economist for Africa and the Middle East at Standard Chartered, sees the naira ending 2024 in a 1,200-1,300 per dollar range. “In more benign conditions, we could test even 1,100 naira a dollar or lower,” she said.

Source: Bloomberg, traders

That optimism is buoyed by a series of measures to support the currency, including a massive 400 basis point increase in interest rates by the central bank last month to 22.75%, with more tightening expected when its policymakers meet again in late March.

“Some of the forex backlogs have been cleared, monetary policy has been tightened and the transmission mechanism of policy is more effective,” Khan said.

New leadership installed by Tinubu at the central bank under Governor Olayemi Cardoso have enacted a series of measures to free up the naira and boost local dollar liquidity.

The naira rose 0.4% to 1,602 naira a dollar on Friday, according to broker FMDQ, the most recent day for which data are available. The official rate is slightly stronger than the parallel market rate of 1,610 naira/dollar.

The rate has been within 3% either side of the parallel-market rate in the past two weeks, compared to a spread of more than 30% in January.

Goldman Sachs analysts including Kamakshya Trivedi and Caesar Maasry predicted that the naira could rally to 1,200 a dollar as investors seek richer returns from sovereign debt issued by frontier markets.

Yields on Nigeria’s 12-month notes rose to 21.5% at the auction this month, 450 basis points higher than the previous sale on Jan. 19, with foreigners buying almost fourth-fifths of the 1.053 trillion naira on offer, lured by the sharply higher yields.

What Bloomberg Economists Say...
“The currency is deeply undervalued. Interest rates are rising. Oil production is recovering. This combination suggests there’s room for the naira to recover some, but not all, of its lost ground.”

— Yvonne Mhango, Africa Economist


Nigeria’s liquidity-boosting measures are starting to pay off: Foreign-investor portfolio asset purchases exceeded $1 billion in February, bringing total inflows this year to at least $2.3 billion, compared with $3.9 billion for the whole of 2023, according to the central bank.

Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier, it said.

The central bank is expected to increase benchmark interest rate again at its March 25-26 meeting, said Tatonga Rusike, sub-Saharan Africa economist at Bank of America Corp.

“We still expect another 200 basis points hike in March meeting, then pauses thereafter,” Rusike said. “Our year-end forecast for naira is 1,550 a dollar and a 2025 level of 1,500 a dollar.”

civilserva:
Who else is using gate.io? Is it a good exchange?

sweetveek:
omo i sent money too oh, my 12$ don go

Abdulquadrimuha:
Thank you for the response. But the problem is I don't know if any bdc operators here in Kaduna lol. But I would try to search on Google perhaps I can see one or two.

Thanks