₦airaland Forum

Part 5

Comparing all GLE-BOSS, rank them on percentage loss and percentage gain from 1940 to 2024 and which is the best  and the worst investment to hold.

Current price at the time of writing.

Gold: $2,740
Bitcoin (BTC): $70,000
Ethereum (ETH): $2,700
Solana (SOL): $170
S&P 500: 5,800
Oil: $71
Land (location dependent)

1. Gold (Percentage Gain: +7,798% since 1940)

1940 Value: $34.69 per ounce.
2024 Value: $2,740 per ounce.

Percentage Gain:
(2740 - 34.69)/34.69 x 100 ≈ 7,798%


2. S&P 500 (Percentage Gain: +57,900% since 1940)

1940 Value: Approximately 10.
2024 Value: 5,800.

Percentage Gain:
(5800 - 10)/10 x 100 = 57,900%


3. Land (Farming and Real Estate) (Percentage Gain: ~12,567% since 1940)

1940 Value: Average farmland price ~$30 per acre.
2024 Value: Average farmland price ~$3,800 per acre (varies by region).

Percentage Gain:
(3800 - 30)/30 x 100 ≈ 12,567%


4. Oil (Percentage Gain: +4,125% since 1940)

1940 Value: $1.68 per barrel.
2024 Value: $71 per barrel.

Percentage Gain:
(71 - 1.68)/1.68 x 100 ≈ 4,125%


5. Bitcoin (BTC) (Percentage Gain: +700,000,000% since 2009)

2009 Value: Less than $0.01 per BTC.
2024 Value: $70,000 per BTC.

Percentage Gain:
(70000 - 0.01)/0.01 x 100 ≈ 700,000,000%


6. Ethereum (ETH) (Percentage Gain: +900,000% since 2015)

2015 Value: ~$0.30 per ETH.
2024 Value: $2,700 per ETH.

Percentage Gain:
(2700 - 0.30)/0.30 x 100 ≈ 900,000%


7. Solana (SOL) (Percentage Gain: +22,566% since 2020)

2020 Value: ~$0.75 per SOL.
2024 Value: $170 per SOL.

Percentage Gain:
(170 - 0.75)/0.75 x 100 ≈ 22,566%

---
Updated Ranking of GLE-BOSS on Percentage Gain/Loss (1940-2024):

1. Bitcoin (BTC): +700,000,000% since 2009.
2. Ethereum (ETH): +900,000% since 2015.
3. S&P 500: +57,900% since 1940.
4. Solana (SOL): +22,566% since 2020.
5. Land (Farming/Real Estate): +12,567% since 1940.
6. Gold: +7,798% since 1940.
7. Oil: +4,125% since 1940.

---
Best Investment to Hold:

Bitcoin (BTC) continues to be the best-performing asset in terms of percentage gain, with extraordinary returns in just 15 years.

Ethereum (ETH) and Solana (SOL) are also top performers, especially for those who invested early in the cryptocurrency boom.

Bitcoin for maximum growth potential or Ethereum for a more diversified crypto approach.

---
Worst Investment to Hold:

Oil is the worst-performing investment in this comparison, with only a +4,125% gain over a very long period. The volatility and decreasing reliance on fossil fuels due to the push for renewable energy makes it a less attractive long-term investment.

Oil, as its returns have been the lowest and its future is uncertain with the shift towards renewable energy sources.

This it to say, our Naija economy that is dependent on oil, is in trouble. Coupled with bad leadership, it's now double trouble, so your survival is in your hands. You should better wake up now and be your BOSS.

Conclusion:

Each asset in the GLE-BOSS portfolio serves a different role, and your investment choices should be guided by your risk tolerance, financial goals, and time horizon.

Then, I did some comparison.

Comparing all GLE-BOSS, rank them on percentage loss and percentage gain from 1940 to 2024 and which is the best  and the worst investment to hold.

Current price at the time of writing.

Gold: $2,740
Bitcoin (BTC): $70,000
Ethereum (ETH): $2,700
Solana (SOL): $170
S&P 500: 5,800
Oil: $71
Land (location dependent)

1. Gold (Percentage Gain: +7,798% since 1940)

1940 Value: $34.69 per ounce.
2024 Value: $2,740 per ounce.

Percentage Gain:
(2740 - 34.69)/34.69 x 100 ≈ 7,798%


2. S&P 500 (Percentage Gain: +57,900% since 1940)

1940 Value: Approximately 10.
2024 Value: 5,800.

Percentage Gain:
(5800 - 10)/10 x 100 = 57,900%


3. Land (Farming and Real Estate) (Percentage Gain: ~12,567% since 1940)

1940 Value: Average farmland price ~$30 per acre.
2024 Value: Average farmland price ~$3,800 per acre (varies by region).

Percentage Gain:
(3800 - 30)/30 x 100 ≈ 12,567%


4. Oil (Percentage Gain: +4,125% since 1940)

1940 Value: $1.68 per barrel.
2024 Value: $71 per barrel.

Percentage Gain:
(71 - 1.68)/1.68 x 100 ≈ 4,125%


5. Bitcoin (BTC) (Percentage Gain: +700,000,000% since 2009)

2009 Value: Less than $0.01 per BTC.
2024 Value: $70,000 per BTC.

Percentage Gain:
(70000 - 0.01)/0.01 x 100 ≈ 700,000,000%


6. Ethereum (ETH) (Percentage Gain: +900,000% since 2015)

2015 Value: ~$0.30 per ETH.
2024 Value: $2,700 per ETH.

Percentage Gain:
(2700 - 0.30)/0.30 x 100 ≈ 900,000%


7. Solana (SOL) (Percentage Gain: +22,566% since 2020)

2020 Value: ~$0.75 per SOL.
2024 Value: $170 per SOL.

Percentage Gain:
(170 - 0.75)/0.75 x 100 ≈ 22,566%

---
Updated Ranking of GLE-BOSS on Percentage Gain/Loss (1940-2024):

1. Bitcoin (BTC): +700,000,000% since 2009.
2. Ethereum (ETH): +900,000% since 2015.
3. S&P 500: +57,900% since 1940.
4. Solana (SOL): +22,566% since 2020.
5. Land (Farming/Real Estate): +12,567% since 1940.
6. Gold: +7,798% since 1940.
7. Oil: +4,125% since 1940.

---
Best Investment to Hold:

Bitcoin (BTC) continues to be the best-performing asset in terms of percentage gain, with extraordinary returns in just 15 years.

Ethereum (ETH) and Solana (SOL) are also top performers, especially for those who invested early in the cryptocurrency boom.

Bitcoin for maximum growth potential or Ethereum for a more diversified crypto approach.

---
Worst Investment to Hold:

Oil is the worst-performing investment in this comparison, with only a +4,125% gain over a very long period. The volatility and decreasing reliance on fossil fuels due to the push for renewable energy makes it a less attractive long-term investment.

Oil, as its returns have been the lowest and its future is uncertain with the shift towards renewable energy sources.

This it to say, our Naija economy that is dependent on oil, is in trouble. Coupled with bad leadership, it's now double trouble, so your survival is in your hands. You should better wake up now and be your BOSS.

Conclusion:

Each asset in the GLE-BOSS portfolio serves a different role, and your investment choices should be guided by your risk tolerance, financial goals, and time horizon.

The greatest investment is your health. The second greatest is your brain/skill and the third is called GLE-BOSS — the king of inflation hedging assets.

Gold
Land (for farming and real estate)
Eth
Btc
Oil
Sol
S&P500

The GLE-BOSS is your best investment to hedge over depreciating fiat in every country. Dollar self dey lose value at times, so it's not only Naira, but Naira is worse.

Even if GLE-BOSS goes down during recession or "Western war," 4-8 years later, it MUST go up in value — guaranteed, especially Gold, BTC and land. Every man deserves to own or be a GLE-BOSS as part of his legacy.

Messing Around with ChatGPT about GLE-BOSS

I told ChatGPT this:

GLE-BOSS is an acronym that stands for Gold, Land(for farming and real estate), Ethereum, BTC, Oil, Solana, S&P500.

This GLE-BOSS is how to protect your wealth against inflation on depreciating fiat.

From the above, give me 

1. The best asset and why as you rank them from best to worst.
2. Tell me some assets that are missing or should be added to the GLE-BOSS and why.
3. An asset I'm supposed to invest in first.
4. And how does this help me if I embrace homestead?
5. How many years should I wait to reap the benefits of GLE-BOSS.
6. Add extra tips and information that I don't know, but would help me in life.

And here's what came out.

1. Ranking GLE-BOSS Assets from Best to Worst:

1. BTC (Bitcoin):

Why: As a decentralized digital asset, Bitcoin is considered "digital gold." It has historically outperformed fiat currencies during inflationary periods and has a capped supply (21 million coins). Bitcoin is also increasingly being embraced as a store of value, with strong potential for growth in adoption.

2. Gold:

Why: Gold has been a traditional hedge against inflation and currency devaluation for centuries. Its value typically rises when fiat currencies weaken, and it is globally recognized and liquid.

3. S&P 500 (Stocks):

Why: The S&P 500 represents the top 500 companies in the U.S., and while stocks can be volatile, they tend to outpace inflation over the long term. Companies can adjust pricing power during inflationary periods, which can maintain earnings growth.

4. Ethereum (ETH):

Why: Ethereum, unlike Bitcoin, is a decentralized platform for decentralized applications (dApps) and smart contracts. Its ongoing upgrades, such as the shift to Ethereum 2.0 and proof-of-stake, aim to reduce energy consumption and improve scalability. Ethereum also benefits from widespread adoption in DeFi and NFTs, making it a critical player in the blockchain space.

5. Oil:

Why: Oil is a commodity tied to global demand, and energy prices tend to rise during inflation. However, oil markets are highly volatile and subject to geopolitical risks, which makes it harder to predict long-term value.

6. Land (Farming and Real Estate):

Why: Real estate is an inflation hedge, but its performance can vary based on location, demand, and maintenance costs. Farmland can provide stable income, but the return is usually long-term and dependent on agricultural output.

7. Solana (SOL):

Why: While Solana is a promising blockchain network with potential for long-term growth, it is still relatively young and faces competition from Ethereum and other platforms. Its higher volatility compared to BTC and Ethereum, as well as the uncertainty of regulation in the crypto space, puts it lower on the list.

2. Assets Missing from GLE-BOSS:

Treasury Inflation-Protected Securities (TIPS): These are government bonds that adjust with inflation, providing a stable and low-risk return that outpaces inflation. They are ideal for those seeking safer, inflation-resistant assets.

Commodities (Other than oil): Assets like copper, wheat, and precious metals (e.g., silver) also hedge well against inflation, especially since global demand for these resources can increase in times of economic uncertainty.

Stablecoins (USD-backed like USDC): In the crypto space, stablecoins allow for a quick, liquid parking space for wealth without directly exposing you to volatile currencies.

3. Asset to Invest in First:

Gold or Bitcoin (BTC):
If you are looking for a physical and tangible hedge, gold might be a safer bet to start. However, if you are comfortable with digital investments, Bitcoin should be your first choice, given its potential upside and increasing adoption in global finance. It is also easy to liquidate when needed.

4. How Does This Help If You Embrace Homestead?

Homesteading emphasizes self-sufficiency, and land (farming) is the most crucial asset in this case. A well-maintained piece of farmland can reduce your dependence on external food sources while allowing you to earn through selling surplus produce.

Pairing this with hard assets like gold, BTC, and Ethereum will protect your wealth from inflation, so you can maintain purchasing power for homesteading equipment or other long-term needs. Oil, S&P 500, and Solana may be secondary assets, contributing to longer-term wealth protection, but may not have immediate use in a homestead context.

5. Time to Reap Benefits of GLE-BOSS:

Gold and Land: These assets generally provide steady appreciation over 5-10 years.

Bitcoin and Ethereum: Both cryptocurrencies can see large swings, but many investors view them as long-term stores of value with a horizon of 3-5 years to realize significant gains.

S&P 500: Historically, U.S. stock markets perform well over 7-10 years despite short-term volatility.

Oil and Solana: Highly volatile and may take 3-5 years or more to stabilize or grow, depending on the markets.

To fully reap the benefits of GLE-BOSS, you should have a 5-10 year time frame in mind, but also expect that some assets (like Bitcoin, Ethereum, and land) might offer quicker returns depending on market conditions.

6. Extra Tips and Information:

Diversify even further: Don’t just focus on one country or sector. Real estate in different regions or sectors (commercial vs. residential) and investing in international stocks or assets could help you further mitigate risk.

Get educated in tech and finance: With the rise of digital finance, AI, and decentralized finance (DeFi), understanding these fields can give you a competitive edge. Learning how to code or even basic blockchain technology will put you ahead in a rapidly changing economy.

Prepare for potential regulations: Crypto, especially assets like Solana, Ethereum, and Bitcoin, may face heavier regulation in the future. Keeping track of regulatory changes can help you adapt your portfolio accordingly.

Self-Sustainability Matters: As inflation erodes the purchasing power of fiat currencies, your ability to generate and grow your own food, resources, and even power (via solar or renewable energy) becomes priceless. Investing in tools or technologies that enhance this self-sufficiency will give you long-term stability.

Stay liquid: Holding a portion of your portfolio in highly liquid assets (like Bitcoin, Ethereum, or stablecoins) ensures you can quickly take advantage of opportunities or cover emergencies without losing significant value.

This framework will help you hedge against inflation, grow wealth, and build self-sufficiency over the years.

For extra info, there is iGLE-BOSS, where "i" stands for intellectual properties like books, movies, apps, software, songs, artwork, patent, etc. From the above analysis, you'll notice patience is needed for a duration of 3-10 years.

If you find this educational, click the like or share button.

If we all embrace what this post is saying, we'll hardly complain when global economies are down. We'll remove ourselves from the matrix or rat race and become self-sufficient with almost zero tax.

Part 4

My Prompt:

Comparing all 4, Naira, BTC, Gold and silver, rank them on percentage lost and percentage gain from 1940 to 2024 and which is the best invest and the worst investment to hold.

Reply:

To compare the Naira, Bitcoin (BTC), Gold, and Silver in terms of their percentage gain or loss from 1940 to 2024, we need to break down each asset’s historical performance and analyze its overall change over time. This will give us insight into which asset has been the best or worst investment during this time frame.

1. Nigerian Naira (₦)

The Naira was introduced in 1973, replacing the Nigerian pound. Since then, the Naira has experienced significant depreciation due to inflation, poor economic policies, and devaluations by the Central Bank of Nigeria (CBN).

Performance:

1940-1973: Before the Naira, the Nigerian pound was relatively stable but depreciated towards the end due to economic challenges.

1973-2024: From its introduction in 1973 at ₦0.66 per $1 to ₦1,000 per $1 or higher by 2024 (depending on the parallel market rate), the Naira has experienced dramatic devaluation.

Approximate Percentage Loss:

Naira’s depreciation is over 99% in value against the U.S. dollar from 1973 to 2024.

2. Bitcoin (BTC)

Bitcoin was introduced in 2009 and started with no intrinsic value. Since then, BTC has gone through extreme volatility but has risen significantly, making it one of the best-performing assets in history.

Performance:

2009: Price started at less than $0.01 per BTC.
2024: As of 2024, Bitcoin trades between $30,000 and $40,000 per BTC.

Approximate Percentage Gain:

From $0.01 to $30,000 or higher is a gain of more than 300,000,000%.

They used old rate of 30k, so if we use current rate of 68-70k, the percentage doubles. Damn!!!

3. Gold

Gold has been a store of value for centuries and was tied to the U.S. dollar under the Bretton Woods system. After the gold standard was abandoned, gold prices became free-floating and have steadily increased, especially in times of economic uncertainty.

Performance:

1940s: Gold was priced at $35 per ounce.
2024: Gold trades around $1,800-$2,000 per ounce.

Approximate Percentage Gain:

From $35 to $1,800, gold has seen a gain of around 5,000% from 1940 to 2024.

4. Silver

Silver, like gold, has been used both as an investment and in industrial applications. Its price has fluctuated more dramatically due to demand for its use in industries such as electronics and renewable energy.

Performance:

1940s: Silver was priced at around $0.70 - $0.90 per ounce.

2024: Silver trades around $25-30 per ounce.

Approximate Percentage Gain:

From $0.70 to $25, silver has seen a gain of about 3,500% from 1940 to 2024.

---

Ranking Based on Percentage Gain/Loss (1940-2024):

1. Bitcoin (BTC): Gain of over 300,000,000% (the best-performing asset by a huge margin).
2. Gold: Gain of around 5,000%.
3. Silver: Gain of around 3,500%.
4. Naira: Loss of over 99% (the worst-performing asset).

Best and Worst Investments (1940-2024):

Best Investment: Bitcoin (BTC) – Bitcoin’s unprecedented rise from almost zero to tens of thousands of dollars per coin makes it the best investment by far, despite its volatility.

Worst Investment: Nigerian Naira – The Naira has suffered extreme devaluation, making it the worst investment. Its purchasing power has been eroded by inflation, currency devaluation, and poor economic policies over the years.


Conclusion:

Bitcoin is the standout winner, even with its volatility, due to its astronomical percentage gain.

Gold and silver have both performed well, with gold slightly outperforming silver in percentage gains. These metals are traditional stores of value and have maintained their purchasing power over time.

The Naira has been the worst investment due to its severe loss in value, making it a poor store of wealth in the long term.

For a long-term investor looking to preserve or grow wealth, Bitcoin, gold, and silver have been far better choices than holding cash in Naira.

However, each asset has different risk profiles and market dynamics, with Bitcoin being highly speculative and volatile, while gold and silver are considered more stable but slower-growing stores of value.


For part 5, about comparing GLE-BOSS based on percentage gain since 1940, click here https://www.nairaland.com/6318352/crypto-currency-investors-thread/3955#132549132

Of course, we know. We don't need experts to tell us and that is why GLE-BOSS or iGLE-BOSS is the only solution.

When it gets to 10k/$, we'll do as Ghana did. Nothing new. Na poor people or people wey refuse to embrace GLE-BOSS I pity.

They are the most difficult to train and also, men wear trousers a lot. Most men hit the gym to look fit and attract the opposite gender faster, so whatever develops the fastest, gets the most compliments and the easiest to achieve is what they focus on.

Only those women who want to use their body to make money train everywhere like bouncers, wrestlers, weight lifting champions, etc.

JUST THE SAME WAY WE HAVE

GREEN
Option 1. 5 green day
Option 2. Extended 5 green day
Option 3. Zero green day

IS ALSO HOW WE HAVE

RED
Option 1. 5 red day
Option 2. Extended 5 red day
Option 3. Zero red day

If you can wait to LONG after the 2nd or 3rd option of green day or wait to SHORT after the 2nd or 3rd option of red day, you'll always win. 💯

5 green means: Every coin on Binance Gainers Section is red except 5 coins or all are red = DUMP👇

5 red means: Every coin on Binance Losers Section is green except 5 coins or all are green = PUMP☝️

If you can only wait for this to happen before you take action, you're a winner.

2010 to 2013 Naira Exchange Rate Chart.

Messing Around with ChatGPT about GLE-BOSS

I told ChatGPT this:

GLE-BOSS is an acronym that stands for Gold, Land(for farming and real estate), Ethereum, BTC, Oil, Solana, S&P500.

This GLE-BOSS is how to protect your wealth against inflation on depreciating fiat.

From the above, give me 

1. The best asset and why as you rank them from best to worst.
2. Tell me some assets that are missing or should be added to the GLE-BOSS and why.
3. An asset I'm supposed to invest in first.
4. And how does this help me if I embrace homestead?
5. How many years should I wait to reap the benefits of GLE-BOSS.
6. Add extra tips and information that I don't know, but would help me in life.

And here's what came out.

1. Ranking GLE-BOSS Assets from Best to Worst:

1. BTC (Bitcoin):

Why: As a decentralized digital asset, Bitcoin is considered "digital gold." It has historically outperformed fiat currencies during inflationary periods and has a capped supply (21 million coins). Bitcoin is also increasingly being embraced as a store of value, with strong potential for growth in adoption.

2. Gold:

Why: Gold has been a traditional hedge against inflation and currency devaluation for centuries. Its value typically rises when fiat currencies weaken, and it is globally recognized and liquid.

3. S&P 500 (Stocks):

Why: The S&P 500 represents the top 500 companies in the U.S., and while stocks can be volatile, they tend to outpace inflation over the long term. Companies can adjust pricing power during inflationary periods, which can maintain earnings growth.

4. Ethereum (ETH):

Why: Ethereum, unlike Bitcoin, is a decentralized platform for decentralized applications (dApps) and smart contracts. Its ongoing upgrades, such as the shift to Ethereum 2.0 and proof-of-stake, aim to reduce energy consumption and improve scalability. Ethereum also benefits from widespread adoption in DeFi and NFTs, making it a critical player in the blockchain space.

5. Oil:

Why: Oil is a commodity tied to global demand, and energy prices tend to rise during inflation. However, oil markets are highly volatile and subject to geopolitical risks, which makes it harder to predict long-term value.

6. Land (Farming and Real Estate):

Why: Real estate is an inflation hedge, but its performance can vary based on location, demand, and maintenance costs. Farmland can provide stable income, but the return is usually long-term and dependent on agricultural output.

7. Solana (SOL):

Why: While Solana is a promising blockchain network with potential for long-term growth, it is still relatively young and faces competition from Ethereum and other platforms. Its higher volatility compared to BTC and Ethereum, as well as the uncertainty of regulation in the crypto space, puts it lower on the list.

2. Assets Missing from GLE-BOSS:

Treasury Inflation-Protected Securities (TIPS): These are government bonds that adjust with inflation, providing a stable and low-risk return that outpaces inflation. They are ideal for those seeking safer, inflation-resistant assets.

Commodities (Other than oil): Assets like copper, wheat, and precious metals (e.g., silver) also hedge well against inflation, especially since global demand for these resources can increase in times of economic uncertainty.

Stablecoins (USD-backed like USDC): In the crypto space, stablecoins allow for a quick, liquid parking space for wealth without directly exposing you to volatile currencies.

3. Asset to Invest in First:

Gold or Bitcoin (BTC):
If you are looking for a physical and tangible hedge, gold might be a safer bet to start. However, if you are comfortable with digital investments, Bitcoin should be your first choice, given its potential upside and increasing adoption in global finance. It is also easy to liquidate when needed.

4. How Does This Help If You Embrace Homestead?

Homesteading emphasizes self-sufficiency, and land (farming) is the most crucial asset in this case. A well-maintained piece of farmland can reduce your dependence on external food sources while allowing you to earn through selling surplus produce.

Pairing this with hard assets like gold, BTC, and Ethereum will protect your wealth from inflation, so you can maintain purchasing power for homesteading equipment or other long-term needs. Oil, S&P 500, and Solana may be secondary assets, contributing to longer-term wealth protection, but may not have immediate use in a homestead context.

5. Time to Reap Benefits of GLE-BOSS:

Gold and Land: These assets generally provide steady appreciation over 5-10 years.

Bitcoin and Ethereum: Both cryptocurrencies can see large swings, but many investors view them as long-term stores of value with a horizon of 3-5 years to realize significant gains.

S&P 500: Historically, U.S. stock markets perform well over 7-10 years despite short-term volatility.

Oil and Solana: Highly volatile and may take 3-5 years or more to stabilize or grow, depending on the markets.

To fully reap the benefits of GLE-BOSS, you should have a 5-10 year time frame in mind, but also expect that some assets (like Bitcoin, Ethereum, and land) might offer quicker returns depending on market conditions.

6. Extra Tips and Information:

Diversify even further: Don’t just focus on one country or sector. Real estate in different regions or sectors (commercial vs. residential) and investing in international stocks or assets could help you further mitigate risk.

Get educated in tech and finance: With the rise of digital finance, AI, and decentralized finance (DeFi), understanding these fields can give you a competitive edge. Learning how to code or even basic blockchain technology will put you ahead in a rapidly changing economy.

Prepare for potential regulations: Crypto, especially assets like Solana, Ethereum, and Bitcoin, may face heavier regulation in the future. Keeping track of regulatory changes can help you adapt your portfolio accordingly.

Self-Sustainability Matters: As inflation erodes the purchasing power of fiat currencies, your ability to generate and grow your own food, resources, and even power (via solar or renewable energy) becomes priceless. Investing in tools or technologies that enhance this self-sufficiency will give you long-term stability.

Stay liquid: Holding a portion of your portfolio in highly liquid assets (like Bitcoin, Ethereum, or stablecoins) ensures you can quickly take advantage of opportunities or cover emergencies without losing significant value.

This framework will help you hedge against inflation, grow wealth, and build self-sufficiency over the years.

For extra info, there is iGLE-BOSS, where "i" stands for intellectual properties like books, movies, apps, software, songs, artwork, patent, etc. From the above analysis, you'll notice patience is needed for a duration of 3-10 years.

If you find this educational, click the like or share button.

If we all embrace what this post is saying, we'll hardly complain when global economies are down. We'll remove ourselves from the matrix or rat race and become self-sufficient with almost zero tax.

For more, but not as long as this one you've just read, click the link below.

Comparing all GLE-BOSS, rank them on percentage loss and percentage gain from 1940 to 2024
https://www.nairaland.com/6318352/crypto-currency-investors-thread/3955#132549132

One of my shorts from 69.4k closed at 66.6k.

Image upload is now war, but I understand. Shorted from 69k and ready to lose the trade.

Messi is no longer a GOAT. He's bigger than that. He's now a TIGER: The Incomparable Greatest of Every Realms.

Ghana Cedis. Ghana did something in 2007

The exchange rate between the U.S. Dollar (USD) and the Ghanaian Cedi (GHS) has undergone significant changes due to historical events, economic policies, and devaluations. Here's a summarized timeline from 1940 to 2024:

1. Pre-Cedi Era (1940–1965):

Before 1965, Ghana used the British West African pound, as it was a British colony. The exchange rate of the British pound to the dollar was about £1 = $4.03 until 1949, then £1 = $2.80 following a devaluation.

2. Introduction of the Cedi (1965):

Ghana replaced the British pound with the Cedi (₵) in 1965, at a rate of ¢1 = $1.40.

3. 1971:

A devaluation of the Cedi occurred, bringing the exchange rate to ¢1 = $1.02.

4. 1983–1984 Economic Reforms:

Major economic reforms, including structural adjustments and liberalization, saw the Cedi rapidly devalue. By 1984, the rate had fallen to approximately ¢30 = $1.

5. 1990s:

During this period, inflation and further economic challenges caused significant depreciation. By 1999, the exchange rate was around ¢3,500 = $1.

6. Introduction of the Ghanaian New Cedi (2007):

In 2007, Ghana re-denominated its currency, where ¢10,000 = GHS 1. The initial rate was GHS 1 = $1.

7. 2010s–2020:

Continuous depreciation occurred due to inflation and economic factors. By 2014, the exchange rate was around GHS 3 = $1, and by 2020 it reached GHS 6 = $1.

8. 2024 (Current Rate):

As of 2024, the rate fluctuates around GHS 15-17= $1, though this is subject to market conditions, central bank interventions, and global financial factors.

This timeline reflects the major shifts in the USD to GHS exchange rate, with the Cedi experiencing periods of rapid devaluation, especially during the 1980s and 1990s, and continuing depreciation into recent years.

My take: In 2000, Ghana's currency was more terrible than Naira where ¢3,500 = $1. In the next 7 years, it kept going down and in 2007, they couldn't take it anymore, so they introduced a new Cedis, just like Uganda did.

In 2007, Ghana re-denominated its terribly performing currency by cancelling 4 zeros where ¢10,000 = GHS 1. The initial rate was GHS 1 = $1.

Therefore,
At Ghana's worst, $1 = ¢10,000.
At Nigeria's worst, $1 = ₦1,950

Now, this is what you do. When you see a Ghanaian amount, add the missing 4 zeros and you'll get the actual price or the hidden price which they're trying to cover to avoid looking like Uganda and Venezuela.

As of 2024, the rate fluctuates around GHS 15-17= $1.

Now, if $1 currently equals GHS 17, the equivalent value in the old Cedi would be:

17 GHS * 10,000 = 170,000

So, without the redenomination, $1 would be GHS 170,000 (170,000 old Cedis).

This means the GHS is worse than the Naira in the real sense.

twosquare:
iLegendd, I have read your exposition on the naira/dollar thing, which is on point. It may go higher than expected, surpassing the #2000 mark in the next decade.

However, there is an outlier you didn't fully factor in, albeit you only scrap it, which is the possibility of a dollar crash. If this happens, the Naira may be appreciated in a way that would make it higher than the dollar. That is the only saving grace that can keep it from its trajectory.

So, if the US Federal Reserve decides to rug-pull the dollar or the economic situation beyond their control does this for them, then the dollar will end up like a shitcoin...pushing the clamour for CBDC.

Even without asking YouTube, the moment I opened it, I saw a video that just answered your question posted 13 hours ago. The Google monitoring is real. He talked about the Dollar collapsing and what will happen. It makes sense.

I saw a comment in that video that I like: @jackgoldman1 • 13 hr ago
Gold $20 per ounce, then $35, $800, $2020, $2,700. The gold never changed. Only the currency changed, falling toward zero.


https://www.youtube.com/watch?v=bxSzyVdO05o?si=d1zj1gc_r09kJOnJ

Chikacha:
Please do not minimize your contributions here, you know this makes it easier for them to takeover the thread. This is what they want.
I want to believe we know them all by now. it takes a greedy person and someone who do not listen or read at all to be scammed at this point. Especially with the way people keep warning about it.

Please do not beg them to stop manipulation...It takes energy to manipulate and they need to invest their energy somewhere.
Whether Mercycome or Mercygo, if Mercylike Make Mercyjump. Scam is scam and most of them done caste. Thanks to the good guys here.

Keep up the good work.

Oyah, MercySpeak. 🎤 Lol.

Part 3


The history of Bitcoin (BTC) vs the U.S. Dollar (USD) showcases the evolution of the world’s first cryptocurrency, its massive price fluctuations, and its rise from an obscure digital asset to a global financial phenomenon. Here’s a breakdown of Bitcoin’s price trajectory relative to the dollar from its inception to 2024:

2009-2011 (Inception and Early Growth):

2009: Bitcoin was created by the pseudonymous Satoshi Nakamoto. In its early days, Bitcoin had no market price since it was primarily mined by enthusiasts.

The first recorded Bitcoin transaction occurred in 2010 when a programmer, Laszlo Hanyecz, paid 10,000 BTC for two pizzas, now referred to as "Bitcoin Pizza Day."

Price in 2010: At this time, Bitcoin was worth $0.0008 USD per BTC.

2011: Bitcoin crossed the $1 mark for the first time in February.

By June 2011, Bitcoin reached $31 USD, but a sharp correction followed, bringing the price back down to $2-4 USD by the end of the year.

2012-2013 (First Significant Rally):

2012: Bitcoin saw steady but modest growth as more people became interested in cryptocurrency.

By the end of 2012, Bitcoin was trading around $13 USD.

2013: This year marked Bitcoin's first major bull run. The price spiked due to increasing adoption, media attention, and the launch of exchanges like Mt. Gox.

By April 2013, Bitcoin surged to $260 USD, but it quickly dropped to $50-60 USD after a crash.

Later that year, in November, Bitcoin had its first real parabolic rise, reaching an all-time high of $1,200 USD before crashing again due to regulatory concerns and the collapse of Mt. Gox.

2014-2016 (Mt. Gox Crash and Bear Market):

2014: The year started with Bitcoin around $800-1,000 USD, but after the Mt. Gox exchange was hacked, Bitcoin's price dropped sharply.

For most of 2014, Bitcoin traded between $300-500 USD.

2015: Bitcoin slowly recovered as the crypto space stabilized after the Mt. Gox fallout. However, it remained in a prolonged bear market.

Bitcoin ranged between $200-400 USD for most of the year.

2016: Bitcoin saw steady growth, driven by increasing adoption and interest from institutional investors. The halving event (when mining rewards were reduced) also helped push prices higher.

By the end of 2016, Bitcoin was trading around $900 USD.

2017 (First Major Bull Run and Explosion to $20,000):

2017: This was the year Bitcoin truly went mainstream. A wave of retail and institutional investment, along with the launch of initial coin offerings (ICOs) on Ethereum, fueled a massive bull run.

By mid-2017, Bitcoin had reached $2,500-3,000 USD.

In December 2017, Bitcoin hit an all-time high of around $19,800 USD, before crashing as the bubble burst. By the end of 2017, it had fallen back to $13,000 USD.

2018-2019 (Bear Market and Recovery):

2018: Bitcoin entered a bear market after its meteoric rise in 2017. Throughout the year, the price steadily dropped, reaching lows of around $3,200 USD by December.

The price fluctuations were fueled by concerns over regulation, exchange hacks, and general market instability.

2019: Bitcoin began to recover after the 2018 crash, driven by renewed interest in blockchain technology and digital assets.

Mid-2019 saw Bitcoin rise to around $13,000 USD, but by the end of the year, it had dropped back to $7,000 USD.

2020 (COVID-19 Pandemic and Bitcoin’s Rise to $30,000):

2020: The COVID-19 pandemic significantly impacted global markets, but it also fueled Bitcoin's rise as investors turned to it as a hedge against inflation and economic uncertainty.

In March 2020, Bitcoin briefly dropped to $4,000 USD during the market crash, but it quickly recovered.

By the end of 2020, Bitcoin had surged to new all-time highs, trading around $29,000 USD.

2021 (Bitcoin's Boom to $69,000):

2021: Bitcoin experienced an explosive bull market driven by institutional investment, mainstream adoption, and increasing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs).

In April 2021, Bitcoin hit a new all-time high of $64,000 USD.

After a correction, Bitcoin rallied again and reached its all-time high of $69,000 USD in November 2021.

2022 (Bear Market and Market Corrections):

2022: After its highs in 2021, Bitcoin entered another bear market due to rising inflation, interest rate hikes by the Federal Reserve, and general risk aversion in global markets.

By mid-2022, Bitcoin fell to around $20,000 USD.

In November 2022, the collapse of the FTX exchange and a general decline in the crypto market pushed Bitcoin to around $16,000 USD, marking the bottom of that year.

2023-2024 (Post-Crash Recovery and New Developments):

2023: Bitcoin began to recover slowly as the global economy stabilized and more institutional investors entered the space. Concerns over inflation, regulatory developments, and the halving event expected in 2024 drove positive sentiment.

By mid-2023, Bitcoin was trading in the range of $27,000 to $35,000 USD.

2024: Bitcoin’s price continues to experience volatility as the next halving event approaches and global market conditions remain uncertain. As of early 2024, Bitcoin trades around $30,000 to $40,000 USD, though this could change significantly in response to macroeconomic trends and crypto adoption.

Summary of Key Bitcoin Price Milestones:

2010: $0.0008 (first recorded price).

2011: $31 (first significant rally).

2013: $1,200 (first parabolic rise).

2017: $19,800 (end of the first major bull run).

2018: $3,200 (end of 2018 bear market).

2020: $29,000 (pandemic-driven bull run).

2021: $69,000 (all-time high).

2022: $16,000 (post-FTX crash).

2024: $30,000-$74,000 (current).

Bitcoin’s price trajectory has been marked by extreme volatility, influenced by technological developments, investor sentiment, global events, and regulatory shifts.

To read part 4: Percentage loss or gain comparison of Naira, BTC, gold and silver: https://www.nairaland.com/6318352/crypto-currency-investors-thread/3955#132544269

Even though I feel BTC will hit 72-74k, I started a short at 69k because I want to be liquidated.

It looks like I have exhausted the number of images I can post in a day. I guess Nairaland is rationing it to save cost and space. It's important sha.

DieRich5:
Me and my brother was talking about G boys car accidents and 90% of the tiktok videos at that moment was about it

Maybe All this phones normally sell our information that's why you can relate to the ad that always pop out

Most of the apps activate our microphones and capture words in our surroundings.

Last week, I watched a video where a Somalian guy in the US posted how his best friend was in his cars talking to hims on how he'll murder him and wished him RIP.

Alexa or was it Siri, captured everything and sent the audio to the guy that was about to be killed. Nobody send Siri o. That was how this guy's life was saved.

So, Google and Apple are the biggest culprits. They capture everything in our environment and sell the data for big amount to other social media sites and the US government. These transactions happen in seconds because most are automated.

Even if you turn off all the Google apps on your phone, they'll turn it back on clandestinely. So, we're at their mercy.

https://vm.tiktok.com/ZMhaMMfhC/

Alexas58:
You can fucķ yourself!

You’re a clown using many monikers to troll me!

Monikers to troll you? Man, I have ego o, very big one. Condescending to attacking or abusing you has never crossed my mind. Even if you're Seun, I'll still use my main account. You think so highly of yourself.

Out of 100% of the posts you've made ever since you started abusing me, I only read 0.9% of them and they were accidentally. So, in your mind, you thought I have been attacking you?

If I had been reading your posts, I would've attacked you squarely every single time you talked about me directly or indirectly.

To avoid reacting to your negative energy, I skip all your posts, except you quote me directly, then I'll read and maybe, consider to reply.

Me wey like violence and controversy pass food come use fake account dey attack you? Nah! I don't rate you that's why I always ignore you.

If I want to chase clout, it must be from someone more popular than me so that I can tap from their fame. I don't like fighting in vain.

Have you seen Trump, Elon, Kanye West, Burna Boy, Eedris, 50 Cent, etc. attacking people with alternates? They do it with their main social media accounts. These are the people I have similar characters with.

But if you feel I'm the one attacking you with alternates, no problems.

Have a nice day, dear and stay blessed. Let God grant you long life and your heart desires. #OneLove. 💕

I watched this 13 minutes interview and loved it.


https://www.youtube.com/watch?v=ThxdhO2VxXQ?si=YsVGoTdItC4BNFSI

Mrwhite09:
I regretted my actions how can I rest with an empty stomach

I'm kind, but not good at forgiving anymore. If truly Heaven and He'll exist, zero forgiveness is the main reason I'll go to Hell and I don't mind.

So, forget about me—face Tinubu. I have been taken advantage of when I used to forgive and I was even mocked by the person I forgave for forgiving.

If betrayal was forgivable, then the Devil himself would be sitting next to God. Loyalty is nonnegotiable.

Forgiveness is the reason Nigeria won't progress. Forgiveness gives room for compromise and compromise gives room for bribery and that is why we're here.

In the olden days, when juju don catch you say na you do am, you're gone.

A world where consequences are forgiven, loophole is created and everyone embraces evil and wickedness as a side hustle.

Mrwhite09:
boss abeg help me, the hunger is too much I am thinking about doing what that abuja guy did. Pls let me tap into ur blessings.

I don't help people. Because I mentioned kindness, you want to capitalise on it. Abba190, rest. The few times I helped you didn't stop you from abusing me months later.

Mercylike:
Oya Messi vs Bolivia

Messi vs new England revolution..

You be Messi fan? Oya chop knuckle

I eat and drink Messi, MrBeast, VDM, Asherkine, Elon, Trump, Burna, sometimes Davido, and a few others. I just love humble or honest people that help or make an impact. But for me, I'm in-between humble, arrogant and playful, but I'm kind when it's needed. I no send sha. So, I'm always a fan of people with these traits, especially honesty.

Opening Tiktok and the first video that popped up is Mess's hattrick. How does this algorithm always know what's on my mind? We're being monitored.

I don't know if it's only me, I enjoy a coin more when there is pump and dump manipulation going on. It's seems I'm more prepared for it. I too like vawulenceee!

Since Ape has refused to hit my target and for the fact that I used the highest leverage (which I advise people against, but stubborn me, I use it anyway), I have closed my long prematurely at 1.6 in profit and entered a small short that I don't mind losing at same $1.6 just for the fun of it. Make I go distract myself on Tiktok small before I go rewatch Mess's back-to-back hattrick highlights.

Superpack589:
Life is just full of regrets. I just hope I am early enough because it seems like the everything has become too expensive to invest in. I mean look at the prices of BTC, Gold, S&P 500, oil, land, and others.

Nothing to fear. What goes up must come down to a certain level. That's why we have bull and bear market. The only thing needed is to have capital ready and patience.

Wealthy people are wicked. When their money run low, they sponsor war or violence and the market crashes so that they can buy more at a cheaper rate because they've already sold at the top.

That time they're buying more, a common man who saved some cash and understands their game will join them and buy too and you'll benefit from their manipulation as they pump the market.

Fahvvy:
This was lifted off a video ...

Y'all really should learn to accrue honor to intellectual properties ...

Here is the main post: https://www.nairaland.com/8242459/before-date-marry-let-watch and everyone from the post already know I said I'll rewrite and repost it. No content is new—people narrate it in their own ways.

Superpack589:
Beautiful write up. This is an eye opener. As young people, we have to take wealth preservation seriously. Many people spend their vibrant years working and investing but in the future, they discover that what they've save up has depreciated a lot. Information like this is life changing. If only I had been so hungry for such knowledge a few years ago, I would have been far ahead in life.

Exactly! In 2009, as a foreign student abroad, I was paid more than $700 every month for feeding—rent and school fees had already been paid for. Just imagine I started investing 50% in BTC that year instead of all the clubs and enjoyment I was spending it on.

Someone like me is not ever supposed to be upset in this life no matter who offends me. E get why. Make I stop here. Abi make I give reason why? E go make some people vex o!

Reposted: post now in 3 parts. Part 2:

The historical relationship between gold and the U.S. dollar has evolved significantly over time due to changes in monetary policies, global economics, and the shift away from the gold standard. Here’s an overview of the Gold vs. U.S. Dollar exchange from the 1940s to 2024:

1940-1971 (Bretton Woods Era):

1940s: The Bretton Woods Agreement was signed in 1944, establishing the U.S. dollar as the world's reserve currency, with its value tied to gold. Under this system:

1 ounce of gold = $35 USD.

1950s-1960s: Throughout the 1950s and 1960s, the price of gold remained fixed at $35 per ounce, while global currencies were pegged to the U.S. dollar.

Gold Standard: The U.S. held large gold reserves to back the dollar, and other countries could convert their U.S. dollar holdings into gold at this fixed price.

1971-1976 (End of Gold Standard):

1971: President Richard Nixon ended the direct convertibility of the U.S. dollar to gold, effectively abandoning the gold standard. This decision, known as the "Nixon Shock," allowed the dollar to float freely in the global markets, and gold prices were no longer fixed.

1971: The price of gold rose from $35 to around $42 per ounce.

1973: By this year, the Bretton Woods system had fully collapsed, and gold prices became market-driven.

1973: Gold prices reached approximately $65 per ounce.

1976: The official price of gold was completely decoupled from the dollar.

By 1976, gold traded at $140 per ounce.

1980s (High Inflation and Price Surge):

During the late 1970s and early 1980s, the U.S. faced high inflation and geopolitical uncertainty, leading to a surge in gold prices.

1980: Gold prices reached an all-time high of approximately $850 per ounce due to the Iran crisis, inflation fears, and a weakening dollar.

However, as inflation was brought under control and the U.S. Federal Reserve raised interest rates, gold prices declined throughout the mid-1980s.

1985: Gold prices settled at around $300-$400 per ounce.

1990s (Stability and Decline):

During the 1990s, gold prices remained relatively stable as global inflation was low, and the dollar strengthened due to robust economic growth in the U.S.

1995-1999: Gold prices ranged between $250-$300 per ounce.

2000-2010 (Bull Market in Gold):

In the early 2000s, gold began to rise again, fueled by global economic uncertainty, rising inflation concerns, and a weakening U.S. dollar.

2001: Gold was trading at around $270 per ounce.

2008 Financial Crisis: During the 2008 global financial crisis, gold prices surged as investors sought safe-haven assets.

2008: Gold prices reached approximately $800-$900 per ounce.

2010: Gold hit a new all-time high as global economic uncertainty persisted post-recession.

2010: Gold traded at $1,400 per ounce.

2011-2020 (Record Highs and Fluctuations):

2011: Due to the European debt crisis, U.S. credit rating downgrade, and inflation fears, gold reached a historic high of $1,900 per ounce.

2013-2015: Gold prices retreated as the U.S. economy recovered and the Federal Reserve indicated a return to higher interest rates.

2015: Gold fell back to around $1,050 per ounce.

2016-2020: Gold prices rebounded again due to geopolitical tensions, trade wars, and the COVID-19 pandemic.

2020: Amid the pandemic, gold reached a new all-time high of $2,070 per ounce in August 2020 as global uncertainty pushed investors toward gold.

2021-2024 (Post-Pandemic and Inflation Concerns):

After peaking in 2020, gold prices saw some fluctuations but remained elevated due to inflation concerns, Federal Reserve monetary policy changes, and global uncertainty.

2021-2022: Gold prices ranged between $1,700 and $2,000 per ounce.

2023-2024: With continued inflation pressures, a strong dollar, and global geopolitical issues, gold continues to trade near its high levels, fluctuating around $1,800-$2,000 per ounce.

Summary of Key Gold Price Milestones (per ounce):

1940s-1971: $35 (fixed under the gold standard).

1971: $42 (end of the gold standard).

1980: $850 (inflation and geopolitical tensions).

2000: $270 (low during economic stability).

2011: $1,900 (European debt crisis).

2020: $2,070 (pandemic-driven uncertainty).

2023-2024: $1,800-$2,720 (inflation and geopolitical tensions).

This timeline shows the historical shifts in the value of gold versus the U.S. dollar, moving from fixed rates under the gold standard to the modern, market-driven price fluctuations.

To read about BTC, click here: https://www.nairaland.com/6318352/crypto-currency-investors-thread/3952#132518189

Continuing with $APE, based on my experience, I don't short coins that remain stagnant at a certain percentage.

Therefore, I decided to long Ape and used the 5.3 magic calculation to determine optimal selling points. The calculation indicated that I should sell at $1.95, $2.19 or $3.65.

I opted for my first sale at $1.95. Unfortunately, when I woke up, the price had dropped from $1.73 to $1.5, which it pumped while I was asleep.

While my long position is still in profit, I'm waiting for it to either reach my first selling point or return to my entry price.

Had I shorted the position, I'd be in a difficult situation by now. Interestingly, when the price reached $1.73, it had probably pumped by 130% or at least 120%, but I was asleep at that time.

The key takeaway is that the more you try—and fail—the better you understand the market and develop a system that can help you benefit from it.

This doesn't mean it won't go against you occasionally; it will, but at least you'll come out on top more often than not.

I'm not a trader, but an opportunist. After taking advantage of an opportunity, I pull out and watch for days, weeks or even months so that others can enjoy too while I observe as I await a day everyone is crying and bleeding or a day everyone is jumping and clamouring for higher even though it had gone way too high already.

Know when to be greedy and when to be patient.

There is no way in this life I'll short a coin that has pumped 50-60% in a day and decides to stagnate. In my stay in crypto, every time I did it, I regretted.

So, the minimum for my first short is 130% and some other criteria must be in place. $Ape is currently trying to do it, but I won't fall for it—instead, I'll be on a long position (which I am) than a short.