₦airaland Forum

Thank you, Mr. Red Vulture day. The USDT I kept aside for you for more than 5 months has finally been used.

spiSeyi:
If not for the decay system this type of people won't be relevant (both Lege & VDM). I weep for the future of this country

If not for the decay in our educational system, how can a graduate like you not know the difference between "these types of people" and "this type of person?"

Now, you see? Fix the one (decay) you can first. You can't do half of what VDM is trying to do for the nation. He's relevant because he solves some problems in the society.

Which one are you currently solving? You're weeping for a future where you, someone who isn't making any impact, is always complaining of people making impacts. You're part of the problem, my dear.

Bullish99:
Based on experience in this market, if BTC stays or hover around a particular price point for a long time as this; na downtrend sure pass.

U are majorly always bullish and that's what lots of folks like here.

...

jayce232:
I remember the post
I think btcee dumped to around 98k then before moving upward

Using the 98k you mentioned, I had to check my chart to find the month it happened, then search Nairaland for that month to see if I'll find the post and I got it. His name is Bullish99 and posted on June, 20th.

Though, in this case, we already have two downward movements and this makes it hard to predict if we'll have the third one. Since there is POI and demand down there, including CME gap, maybe.

There was someone who once made a post 4 months (or thereabout) ago that whenever the market struggles to move up and spends time consolidating for weeks, from his experience, the direction is always a dump, people attacked him, but that was exactly what happened. I wanted to say he's right, but when I saw the attacks, I kept mute. We're also experiencing it right now.

If anyone knows the comment, help quote it.

Remember, when Naira strengthens, politicians will immediately convert their Naira to Dollar and wait for 3-6 months when it'll weaken so that they'll convert their Dollar back to Naira, then wait another 3-6 months for it to strengthen again.

It's normal arbitrage on a large scale. As long as our leaders are corrupt, Naira stability is temporary. Politicians are not your saviour, they're business men and they love profit just like you.

Onana why?



Trigger!

richmond500:
I stopped reading from this part.
It's obvious OP doesn't know what monopoly mean.
Monopoly stiffles and kills competition

In a developing country, monopoly makes everyone, including the wealthy upset and starts competition to dismantle the current monopolist.

Can't you see individuals are teaming up to build refineries just because they fear Dangote will control that industry? It's been more than 55 years, they didn't think of building refineries, but now, they want to. Isn't that competition?

If not for Dangote, they wouldn't have bothered. You just chose not to pay attention to the context of my post — you're more focused on the meaning of monopoly, not what it can trigger — competition to end it.

Easy as pie.

Too close to be ignored, but since I'm not the owner of this market, I have no control over what will happen.

Refer to the circled areas — the point of interest POI and Demand area. Both are close to be hit this month end or early Oct for liquidity grab. Without liquidity, the market CAN'T pump.


On the 19th of October, I'll make a post and we'll revisit my October 20th theory that hasn't failed yet in all 3 previous cycles.

mizzygray:
Do you advice a buy on this? And what's the long term holding period you're looking at sir?

I don't really advise people on what to buy, but I bought it.

How long to hold? We're close to the end of the cycle (No-DJ) and anything beyond that, you'll be dumped on.

So, in November or December, whichever day it pumps 100% or 500% or more in a day, you sell and run. (2-3 months).

Foladebe:
Please, what about solana?

Anything from $172 to $146 is a buy. Buying at the current price of $192 is not bad, but that trendline is strong and always retests it.

Sanoske360:
Please if l buy ETH at 3.6 or 3.5 should l hold and sell in January or February bear 🐻 season.

The market will determine that, but in most cases, ending of November or early December this year will be the top to sell.

It MIGHT extend to Jan or Feb next year, but that's some level of greed and it may backfire. If profit is substantial, it's just good to leave in Nov or Dec.

$Aster

If you dare go below $1.0, that'll be miracle.

This coin has bad tokenomics, but since CZ_Binance is on it, I'm on it. If he leaves, I sell.

geedot:
Entry is extremely important in any form of trading. You wanna be among the early buyers instead of being the one paying the early buyers, while you're hoping someone buys after you so you can also get paid.

But it seems we are seeing this from which one is harder for us to tame. It seems waiting for your A+ setup was very hard for you to tame, but on my part I've never had issue with waiting for my precise entry price, so FOMO has not been an issue for years now, but you see holding too long or cutting too short is one aspect I'm still working on even till now.

I tried set and forget, but I wouldn't stop remembering to check lol. I tried taking partials, it messes up the RR. Etc.

💯 Spot on. You just explained my problem back then. I never had problem with hold and forget. I can even forget for years. Having too many exchanges helped me with that. If it was only 1-2 exchanges or wallets, it'd be hard to hold.

👍

1 week timeframe is the best. It exposes things easily.

Before and after of ETH, but I still feel the green channel must to tapped before October or first week of October and after that, pump to Valhalla.

I saw this comment on a post about Dangote reorganizing his company by sacking all Nigerians who joined a union, so I wrote this article.

donleo92:
Dangote is really on a dangerous part.....

This man wants full monopoly on oil and gas in Nigeria. And most people ain't seeing it that way.

See union has to be formed. The government should call Dangote to other

Why I Support Monopoly in a Developing Country

In advanced economies, monopoly is strictly discouraged because it stifles competition. But in developing countries, monopoly can serve a very different purpose—it can act as a catalyst for competition.

Take Nigeria as an example. For decades, no individual invested in building a refinery. Then along came Dangote, who built one. Suddenly, people labeled him a “monopolist.” But in reality, he is not a monopolist—he is a competition instigator.

Here’s how it works:
When one person dominates an industry, others—especially the wealthy—eventually grow frustrated with the control and the pricing power of that player. That frustration fuels ambition. Some rich men will rise up and say, “Enough is enough. We will build our own refinery—bigger, better, and cheaper.” Soon, you don’t have just one refinery, but 10 or 15. And what happens when multiple players enter? Prices drop, efficiency rises, and the consumer benefits.

Without Dangote’s step, many billionaires in Nigeria would have remained passive, never daring to enter refining. His dominance triggers competition that would not have existed otherwise. The same happened in cement and sugar, and the same logic can be applied to textiles, steel, agriculture, and more.

For instance, Nigeria’s textile industry is currently weak—we rely heavily on imported second-hand clothes. But if one visionary builds the largest textile factory, producing all kinds of fabrics at scale, others will eventually rise to challenge him, driving prices down and creating a thriving competitive industry.

So, in developing nations, monopoly is not the end of competition—it is often the spark that ignites it. The initial monopoly builds the foundation, provokes rivals, and forces government oversight. Then, true competition emerges, and industries mature.

In this way, monopoly—though temporary—can be the seed of growth in a developing economy.

So the strategy is simple: find an empty or almost empty industry, build on it, dominate it, and monopolize it. Then wait. A decade later, others—driven by profit, pride, or the desire to break your hold—will rush into that same industry. Suddenly, competition explodes, prices fall, efficiency rises, and the industry begins to boom.

This is not just personal success—it is national progress. By pioneering and monopolizing a neglected sector, you set the stage for others to enter, and in the process, you help build the backbone of the country’s economy. This is what got America to where they are today.

Since the demise of Fela, no Nigerian took standing up for the masses seriously. Even the ones that tried, got bought over by the government or they ended up joining politic and started playing the same game they once spoke against until VDM came along and now, everyone is trying to be like him and if they don't succeed, they start abusing him out of jealousy.

It looks as if VDM has monopolized speaking up for the people. When he speaks, even the government takes action. He's the only trusted news channel Nigeria has.

Now, every youth wants to have a voice like VDM. Look at how one man has made millions on Nigerian youths become fearless to speak on camera and call out the government.

So, a developing country needs lots of monopolists to trigger jealousy and anger in the rest so that they'll build what is better than the original monopolist.

Even DeeOne has started going out just because he wants to be like VDM, the monopolist — the voice of the voiceless.

geedot:
Legendary iLegend. I beg to differ with the bolded. I think the hardest part of trading is what happens after the trade is on.

It's much more easier to become mechanical with entries, limit orders can easily get rid of fear of missing out. But, you see that floating profit and loss is the hardest part, at least for me.

You wait too long, price reverses abruptly back to your entry, you close too early, price keep ripping towards your predicted direction. Both scenarios are caused by greed, so how do you measure or gauge greed? I think this is harder on the trader's psychology compared to FOMO in my opinion.

Thank God it's Friday btw.

I won't fault your take if you're referring to scalping or day-trading. It requires lots of technicalities and emotional battles.

But when it comes to a trade you'll leave for some days, weeks or months, entry is major.

orikoku:
boss, please can I buy some ETH now? I want to hold it till next year.

$3.7k to 3.5k is when to buy. If you can't wait, then 3.8k isn't bad.

Hold till next year? That'll be bear market. By January or February next year, all the coins will start dumping.

I'd advise you study the 4-year cycle to understand it better.

sweetveek:
i would say a good strategy rather than a good entry

I get your point, but 90% of your success is your entry. Strategy is for traders and even with that, your entry is still 90% the most important. Why? It takes discipline, patience, psychology to wait for a good entry. Most people can't wait for A+ setup.

Someone who bought BTC at $0.1 (good entry) doesn't need any strategy other than to sleep and smile for the rest of his life. Strategy is for late-comers.

Watch this 25 minute and come back to deliver a short lecture titled: Good Entry Vs Strategy.

This video is GOLD! I can't believe it's free.


https://www.youtube.com/watch?v=FtneFiT1f7o?si=C9MHwk8UIrj2aTxR

If you login the Tradingview account I shared months ago, you'll have access to the BTC chart above.

...

As the CEO of OF, I have the right to post as many images as I want.

In the first picture below, take a look at the white line. That parallel channel has never been broken since 2022. Any day it breaks on the one-week time frame, the cycle is over. In other words, the moment a weekly candle closes below it, the cycle ends.

The second image is a zoomed-in version. It has three lines: the first line, the middle dotted line, and the last line. The first line is at $109,000, the middle dotted line is at $105,000, and the last line is at $100,000.

You can also look down to the yellow line below, which sits around $92,000–$93,000 or worse, 89k, marking the CME gap.

A good entry isn’t where you’re guaranteed to win. It’s where losing costs the least and winning pays the best. Where a loss takes only a small bite from your account, but a win multiplies it significantly. It's called A or A+ setup.

When ETH touches the green channel, buy as if your life depends on it and sell 2-3 months later.

twosquare:
Yet to be listed on Binance.

Correct, but I was referring to buzz coins in general.

Going through CoinMarketCap and I saw Pi coin at $0.26 and it made me remember Hamster and co.

Summary: If the buzz is too much, the crash will be too much too.

This doesn't mean it won't recover, it will, but only if the team is serious and Binance doesn't delist it.

There was a girl that used to trend called Kelly. Today, even when she posts, men no longer care. Her trend didn't come with substance.

Today, it's Peller and Geh Geh. I can guarantee you, 10 years from now, Peller will no longer trend, but VDM and Geh Geh will. Why?

Fundamentals+Substance.

Geh Geh may act unserious, but he's solving a problem by telling men not to SIMP. VDM too, at the mention of his name, scammers rush and pay up.

For Peller, he's just a meme coin and he can only stay relevant like Doge coin if he's lucky and associated to a billionaire.

What am I trying to say? Don't marry the buzz, take profit before it burst. If you must marry, let there be fundamental + substance and maybe, buzz.

koning:
Why Monaco?!.

Why can't he go to Calabar, Enugu or Akwa ibom to rest?

Why the obsession with Europe?.

8 Reason for Going to Monaco

1. Peace of mind
2. Chances to being kidnapped is low and if it does happen in Monaco, the kidnapper will be easily tracked and no ransome will be paid

3. If he gets kidnapped in Nigeria, it'll be hard to track and at least, 1 billion will be paid and he might still not make it out alive
4. In Monaco, he can walk on the street freely and there will no single disturbance and no almajiri will flock him for financial assistance. Most might not even recognize him, unlike Nigeria

5. His flight ticket is cheaper than the money he'll pay 20 bodyguards in Cross River for protection, yet he won't have freedom to walk around as he would in Monaco.
6. While watching football in his hotel room in Cross Rivers, there will be at least 3 power outages, but in Monaco, it'll hardly happen.

7. In Monaco, he'll network with foreigners who might come to Nigeria to invest
8. A rich man deserves to taste different soup, if you know what I mean — ask Ned Nwoko

The list is endless. This is why we should hold our politicians accounted to make Nigeria great.

If not that AI has ruined it for you, you would've been among the most paid translators.

We retested the B+ setup at 111k. For those who have 3 accounts, it's a buy with money you can lose. A setup is 100k-99k and A+ setup is 93-89k.

The reason you should buy B+ setup is because no one is a magician. Going for A or A+ setup is a probability of 50/50.

In our 3 previous cycles, 2 stopped at B+ before pump to top and only 1, being 2013, went to A setup and almost A+.

So, this B+ is a buy, but still have money incase of necessity.

This industry deals on probability, not certainty.

Any tears from El-Rufai is short-lived and shouldn't be taken seriously. That man only cries when the meat didn't get to his table.