₦airaland Forum

Cyberknight:
Well said.
Were Nigeria governed with even a fraction of the competence that is available to us, the CBN should have ended this dollar subsidy nonsense long ago. Nigeria's situation is approaching that of Argentina in 2018 - and headline inflation figures are probably massaged anyway - the interesting thing to see will be whether the CBN and the politicians will continue to bleed the country as hitherto. Knowing Nigeria, I'm sure they will.

No amount of patriotism can change that fact.

It's not even patriotism.... Keeping silent when ones country is being pillaged by a few is cowardice... It's like going to put on the AC for someone who's Bleep*ng your wife.

As a patriotic Nigerian, it's part of my national duty to speak upand resist wicked leaders... If the generation before me did that, perhaps Nigeria will not be where it is today.

If folks had spoken up when they told us rice was worsening our forex, perhaps we would not be here today... Look at the recent bdc debacle... Immediately there was a media expose on it, the cbn had to backtrack.... Earlier in 2015 when same system was in place and no one spoke about it, it was left to fester on.

Very soon, people will say why are you complaining when bandits erase a village, rape people and abduct hundreds of kids.... After all, do you know more that our CinC or our govs, or is it the first time people are killed or are there not thousands of school kids that are not kidnapped..that why are you disturbing everyone because just 45 people were killed....afterall, the population of the state has not dropped.

StUriah:
Danger of those contraceptives is that they can disrupt your menstrual flows and may prevent you from getting pregnant in the future when you are ready to have your children.

Not true... The disruption to menstrual flow is reversible on stopping... The effects of some last longer than others

Mazinewmoney:
Boss you know we are not much here to give you the answer. You can still ask in the other thread as there are much people there to answer you. Better till let me ask for you.

Thanks.... Thought about it... But most people there are new to crypt0 and are unlikely to know

jedisco:
With old majors especially ltc and eith .... The betece chart is where the koko is....

Only reason I'm still in ltc is cos I bought it with betece at 0.36 so I don't complain if I generate more betece...but the risk to rewars is better elsewhere.

I like to keep tabs on it as it's usually the last to pump...... So anytime it oumps late, I ask myself if a correction is close...


Another is eith/betece.... It's stalling around this level as its at resistance against betece.... A breakout might mean a sustained move against betece

This went quicker than I had expected....
Took profits into betece
1st tp at 0.45 hit...
2nd tp is at 0.5

All in all, given how sluggish ltc can be, this isn't a bad one... from entry to 1st tp was 25%. More betece is always good...

Over the next week or two, will look out for a retest of the weekly support

My only concern is that earlier this year, ltc was usually the last to rally b4 a betece correction... Hope this isn't followed by a correction

StrafordSTONES:
Does anyone know about this group? How geniune are their pumps?

They claim they are pump a token today...I just wana hear their reviews lest I make same mistake twice

We've discussed such schemes multiple times before with many tears as evidence....

It's best to keep off such schemes as you're their liquidity... Making money in crypt0 is straightforward enough to lose ur hard earned money to such hacks

SUPERPACK:
Una wey still dey use Erc20 get money o, why not use Bep2 or Bep20 network instead and save money. Every Erc20 coin has a Bep2 binance pegged version why not use them instead. Ethereum network is the worst I have come across, Just imagine banks charging you #10,000 as transaction fee to do a money transfer of #100,000. If you do same transaction on Bep2 or bep20 it will be $2 maximum. That was how I want to withdraw LON worth $30 on Erc20 and gas fee was $67, like WTF, I just dashed them the coin.

Hehehe.... No free money

Sunndaywillie:
that icp dey provoke me.....it's annoying

Let it create a vase between 60 and 80.... When it moves, na u go happy... I'm targeting 2x from here...


Just hope betece doesn't spoil the party b4 that

Etc/eith

Etc seems to be approaching a level where I'd expect a bounce against eith....
Given eith has broken out, wouldn't be surprised it dose too... Will shave some eith into it

jedisco:
If betece goes on another rally, One coyn I want to build a good stash of is chz... Most fan tokens are built on it... I'm hoping to get bids in on a retest of the weekly ema at around 0.3

With the covid crash and cash constraints, an increasing number of football clubs are turning to fan tokens to engage fans nd raise some cash it seems...
Wouldn't be surprised if other sporting teams start following suit.......

My plan will be to own some chz and another sporting token (psg likely)

Chz seems to have left the station without much of a pullback... Not chasing

Woke up to see some of my smaller bags moving..cant complain...

Seems ICP has finally decided to stop being a stable coyn at 66 and has gone for 70.... Given how long it consolidated, Hoping it pulls a sol... I'd still shave some off at 100 and readd on a flip...

Sol nd eith made me happy last week... Hopefully betece behaves so the likes of bnb, etc, one, bch, xrp and the 30 gang (link,uni, dot) can do same next week.

At these stage, a percentage of profits will be left in cash rather than flipping

Congratulation... You guys look brill together

That's obviously a contraceptive pill which should be freely available to adult females.

Its better to prevent unplanned pregnancy than getting pregnant and having unsafe abortions... Or giving birth to kids and having millions of out of school kids roaming your streets.....

Does anyone here have an experience of taking a loan on a crypt0 platform?

Been looking into options...

Want to take a usdt loan with bitc0in as collateral....

Looking at a 3-6 month timeframe....

I'd wait for clarity on the market b4 making a move.

P.s, I'm not taking it to buy alyts... Need it to handle stuff but don't want to sell my bitcoyns yet

spiniverse1:
Boss was your take on XRP. Is it a good buy

Na u go decide... Been in it for sometime... Targeting 1.8 on it

cucumbar:
exactly my fear! You mean Argentina did something like that?

Most countries with currency crises eventually did that... Argentina, Lebanon e.t.c. usually, the dollars in dom accounts are seized and forcefully converted to the local currency at the central bank rate.

CBN doing that will be going against the high and mighty of the society which is why I believe they've not done it.... So far, their interventions have been targeted against the poor or younger folks and they're at a stage where there's not much more they can target and folks are no longer buying their excuses. Fact is the average Nigerian might even welcome such a move and the defence would be to ask what folks are storing dollar for

But with all the little things they've done recently incl the e-naira, they're getting more desperate and running outta ideas... The arbitrage between both rates is now 30%. Sooner or later, CBN will be forced to make a big move which IMO will either be to end the dollar susidy on many items or go for dom accounts.... We already know how the market will react to the second option.

Ebowo:
doge made that move cos of Elon's hype na d saturday night show, after then doge never remained the same but i sold d top then, it will stilk move but not like d 70 cent move,,,i sold at a slight loss to buy etc

Elons hyoe did contribute but doge always makes such crazy moves right from time

Looking to play a quick one on lite......

Either sell some percentage into usdt at 225 and re-enter on a flip of 200...
Or sell into betece at 0.45

Ibime:
What of Doge? Are we burying Doge as no longer a major?

Doge is a tricky one... I have it and not in a hurry to sell until it's pumped good... But I feel too many people might get stuck in doge expecting sane returns as last time when the good stuff will be happening elsewhere

Enyinne:
And bnb holding us hostage

Bnb, cake, bake tend to move together..

DieRich5:
I just try to TA the xrp/btc chart, it really hard to understand it........

Na so xrp be...

Look at the daily or weekly... It's easier to navigate

Market usually flows in cycles.....

Bitc0in, and majors and certain midcaps have been on a rally...

Over the next weeks to months, whether bitc0in ranges, pumps or retraces, by some means, money will usually flow into microcaps..

Looking at the weekly chart of some against betece and usdt, the risk/reward looks very good and they could easily do 4-5x
I don't know when they'd move hence I've been slowly accumulating them overtime....

My guide is mainly using the weekly charts against betece and usdt

Ibime:
Thanks for info. Need to start checking BTC charts

With old majors especially ltc and eith .... The betece chart is where the koko is....

Only reason I'm still in ltc is cos I bought it with betece at 0.36 so I don't complain if I generate more betece...but the risk to rewars is better elsewhere.

I like to keep tabs on it as it's usually the last to pump...... So anytime it oumps late, I ask myself if a correction is close...


Another is eith/betece.... It's stalling around this level as its at resistance against betece.... A breakout might mean a sustained move against betece

Xrp seems to be the only major lagging... May be a nice one for those who missed the train with others

Ibime:
I kukuma put some change in LTC and AAVE

The way BeTC is attacking that $51k, I won't be surprised if leveraged shorts collapse between $51k and $52k, leading to an upsurge, and I like the setup of AAVE at that $400 price point and LTC at that $200 price point.

Hehe... Thought youd never trade ltc again....

It's at 0.4 against betece which is resitance... The next significant one is 0.45 looking to dump it here...
I think there are better prospects elsewhere

Enyinne:
If hodling is a person,I will hodl bake till forever until e vomit my full money . I don tire for this hodling shit . Whales no dey this bake people side self #frustrationogokillperson#

Bake will usually move after bnb

Ruben225571:
Boss, see the order down” though am also looking/ searching where i buy Ada at 70cent!
I would show you. Am going through the history one by one.

I am buying more! Even in this 2$ up. I still buy. But am searching to show you how long I have been holding the Ada!! So you could understand a bit!

I believe in Ada! Which is why am not selling or taking profits!

If you look at the pic (order price and date. Is from June) I am still searching to show you where I bought that Ada at 70 cent! Must!! It’s was in May i bought the 70 cent!

I didn’t trust Ada that much at first which is why I didn’t buy on time” the price was still very cheap! But know that I know. I won’t take chances!!

Though as you bosses always say, is not financial advice!

Ada has a good chance to rally in the coming weeks given it has broke previous ATH...

Good you bought at lower valuations...
Earlier on this thread, I shared going heavy on ada at 30cents and holding till 1 and 1.5 dolls before accumulating further

Now Ada going from 3 to 15 means its market cap will increase from 95 billion dolls to 500 billion dolls. That means you need really good money flowing into ada. Wouldn't say this is impossible, but it wouldn't get there overnight.

Bitc0in is rallying and soon enough, there'd be posts of those asking what coyn they should buy and hold for several years.

My point is this, everyone has different trading styles but a long-term trader appreciates the red days

BizBloke:
[color=#000033]
His bet paid off on this one sha.[/color]

Yeah it did...

I did expect a rally to 150 after taking 100 (which I shared here)... I wasn't happy with the selloff at 130 hence I took profits... I remember sharing here how voyns usually rally in price discovery

DieRich5:
Tolu181................if u hodl ETH back Dem, u will likely take profits now and u will still be saying dis shit next 4yrs if eth keep going up more
Pls..............u can't hodl for forever bro

Thank you.... 'if to say' doesn't help in crypt0...
Just know your timeframe and stick to it...

My issue is that long-term traders usually appear on green days. .... If I was planning to hold for >10yrs, its when the market is red I'd be active... Not on a week everycoyn is pumping

Ruben225571:

You offload when Ada haven’t even hit 5$
Hmmm
What if you didn’t see another dip and Ada hit 8-10$
Anyway you didn’t lose!!!

All the same.my own Ada is for holding!!

I agreed with you all!!

I like your perspective...
But lemme ask, would you have made this statement 2 months ago when ada crashed from 2.5 to 1 dolls Or are you making it cos ada had been on a run?

Tolu181:
dude

I started this crypto in 2019

I have seen everything


I once had 1eth

I took profit on eth when it was 250dollars

Now look at eth

Mehn fvck that taking profit ahit,, no be for all coins

I cried for eth

It all depends on the timeframe you're trading.....

Some people haven't taken profits on bitc0in for several years since it was less than 1000usd....
If you want to trade the longer period, that's fine and you'd make good profit as I believe bitc0in will trend up with time.. It's what big money does but then, be ready for you coyn eith to go from 2k to 150 like it did during the last bear market...

I prefer to trade the significant swings of the market... Doing that, I can accumulate more of my favourite coyn

DieRich5:
I swr...........dat PSG own still hurts as hell still I didn't loss my money in it but lost all the profits
Lesson: rather take profits than go back to my entry

It's always that way....
Psg is a pnd coyn though...

But generally, if one gets a breakout on a strong midcap, expecting a 3-4x is sensible if betece remaining stable

Someone who bought TBs at 7% a month ago has already lost 7% of their investment and are now at breakeven. Their question would now be how much more would they loose over the next 11 months... When a currency is that unstable, the risk comes with holding investment assets directly correlated with the currency.
An extreme example will be holding Zimbabwean or Lebanese TBs or bonds and thinking one is making profit..

With all the ill thought intervention cbn did over the last 2 weeks, it was clear the naira will react badly which it has began to do...

Registering devaluation against the dollar doesn't even do full justice.... It's estimated that over the last 1-1.5yrs, the dollar had devalued by upto 20% against scarce assets.. now comparing how the naira fared against the dollar, you'd see the real devaluation rate is much worse...

What's even worse is the inflation that'd follow this round of devaluation. I've come to see that it takes about 3 months for the impact of a devaluation exercise to really be felt in the market....i.e, by November, cost of cooking gas, diesel, rods, cars, building materials should be at least 7-10% higher than their cost today....thats if the naira remains around 530. A further dip will be more catastrophic....

It's a sad tale...
Let's hope the cbn has some useful tricks up it's sleeves...though I doubt as it's their wrong decision making that caused the present chaos..