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InvestmentRe: Crypto Currency Investors Thread by jedisco(m): 1:33pm On Jan 16, 2021
BabaGrinz:
crypto currency exchanges is gaining more and more popularity around the world. Today it is one of the most profitable and promising types of internet - earnings. However, it requires a lot of knowledge, experience and involves rather high risks.
It is especially risky to buy / sell cryptocurrencies on your own, without proper experience and knowledge in this area.
The URANIUM investment platform helps beginners, as well as already experienced investors and traders, to receive a consistently high income of 3% per day with minimal investment and no risks. What are you waiting for ..its never too late to start

https://uranium.cash/r/8639
Scam... Avoid this...
It's people like you that give this industry a bad name
InvestmentRe: Crypto Currency Investors Thread by jedisco(m): 1:29pm On Jan 16, 2021
Nice thread... Just noticed it... Been part of one before...
Hope the mods wouldn't lock this up
InvestmentRe: Treasury Bills In Nigeria by jedisco(m):
Seems antispambot is hiding posts anyhow... Some posts are automatically hidden once some words are included.. thats why I use betece, eithy , creetow, e.t.c.. Oga Seun no dey joke
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 6:18pm On Jan 15, 2021
Akin3891:
Do they accept local transfer?, The last time i tried to fund via transfer, I remember it's an international bank details that popped up. Which are the known and reliable exchangers you know?

I'm hoping to buy some coins n keep for like 5 yrs
That's strange... Just tried it and it shows you could deposit Naira for fee of 150... They'd provide you a bank account to pay into. Withdrawals of fiat have to be into a bank account in your name.

As someone mentioned, p2p on binance is another option. Here you buy from someone local at a fixed price. Binance acts as the middle man. But I'd say a direct deposit is less of a hassle

For 5 years, the future may give better buying opportunities... Very likely in 5 years, the value would be much more higher and it would not matter much if you bought at this level or a little below.
You may get much better prices to buy for long term keeps in the coming months and years. The dilemma is that if this run follows the momentum of previous runs we've had (which it surprisingly seems to be doing) then the 20-30k level may not be seen. That's a bold claim to make even for me but if you look at when bitece broke previous ATH's in the past that range was rarely revisited again. It's a market that respects history... Let's see how this goes
Like I said, it's a dilemma... nothing is certain and you don't want you buy the top of a run. But I'd say based on technicals, anything between 20-30k now should be a good buy.

InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 2:28pm On Jan 15, 2021
Akin3891:
How can one buy beetcc in huge sum at once? Some of the sellers on localbiitcccoin which has been my major trading site only sell in small unit.

Do you know the purchase cap for binance at once?, and it seems they only accept card transaction. I'm looking at how I can upload funds on an account then purchase bbttcc when I deem it right, like I won't buy the coins outrightly, which of these big tech practice such?
It's surprising most guys dont use known exchanges here... That's where the whales are... Folks buying hundreds of betece per sec.

You can deposit via bank transfer on binance and they use a standalone payment portal which is relatively fast.

It's not the best to buy large amts at once though. I prefer to average in with time.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 9:10am On Jan 15, 2021
Comeandcollect:
Alright, I just created my blockchain wallet, i tried to buy Bitcoin directly from the wallet, the price displayed on the first page says $39,500 but when i tried to choose a means of payment it says the bitcoin value at the point of sale is now $40,600. I went back to the previous page and re-confirmed the initial price of 39k was unchanged but at the point of sale the price goes up to 40k+, is this normal when buying directly from blockchain and is it advicable to buy directly from blockchain?
I have no idea what this blockchain wallet is. Did a quick search and it seems like an online wallet.. If you're buying for the first time, it's much easier, cheaper and less of a hassle to buy on exchanges.


We have mentioned a few here on which you can easily sign up in Nigeria and pay in naira. I'd advise you use those.

Also, as an advise, moreso if you plan on buying much, it's better to open a completely new email account for it. One which you wouldn't be using for other online activities.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 9:06am On Jan 15, 2021
1kinggy:
I'm not in ant bitisi play as we speak. Only ALTS and stables. i still dey stables, make i no over expose myself.
Went bigly into some altys thjs last dip.. followed most with a stop loss. The beauty of a bull market is when you buy a proper dip, within a short time, your portfolio go dey make u smile....
It betece can get above the 42k level, then I expect Eithy to break its ATH with good volume. Once Eithy does that, it could hold up the market on it own while it accelerates
InvestmentRe: Treasury Bills In Nigeria by jedisco(m):
1kinggy:
I was able to re-enter at a fair price below my last exit.
Good you were able to get in again... But that's the dilemma in putting your stoploss too low.

30k betece seems to have held with insane volume. I was hoping for a wick to 28k this time but didn't get it. I'm still waiting for how today and tomorrow plays out. We may be forming a floor. Getting above 43k is a battle for now. But once it does that, another leg up should ensue.

Either way, I'm well loaded in certain altys. This selloff should give them a good breather to run. I just hope betece ranges a bit before another big move. As expected, a good number have got back to levels they were before the selloff and some are already approaching previous all time highs. I'm using a stop loss this time and al least until next week until there's good clarity on the market.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m):
OgogoroFreak:
No be lie o. The thing be like film. grin

Thank God say I don cash out enough profit and diversified investment. Bitcoin is always like that bro.

But those wey know, Sabi say na another opportunity dey present itself so. I don ready with enough cash to buy more bitcoin heavily if it falls to a scary level.
It has it's first major 20-30% pullback in a bull run and you're looking for lower numbers. Most folks will end up buying higher than they sold. I hoped for a wick to 28,000 but barely got 30k. I will look for what today offers... If 30k still holds today (I doubt we'd see it.. perhaps 32-33k) then 50-60k may come faster than we all think.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 12:30am On Jan 12, 2021
1kinggy:
Talking of 2017, I rinsed my hands out late November and didn't let the December 17 gain lure me back. Currently, I'm manually setting a 'trailing stop loss'. The 1,000 I mentioned is an example. If it drops to 1,025, sell whatever I have at 1k. That'd still be some good profit for me.
If it gets to 1400, my SL, will come to 1200. Even if it's a fake correction.
You see what I told you about bull markets and stoploss hunts... You put your stoploss too low, you may end up selling the bottom of a pullback. Font be surprised you buy higher if you sold at 1k. Risk management can be tricky so I don't bother too much about stop losses on spot once I have a good entry In a bull market, I like days like this... It's a loading opportunity.

We've just had our first major pullback. More will still come and be bought up. That will continue to drive the euphoria until we get a blow off top and most folks will think its a pull back.
The selloff today was do obvious price was being supressed. Betece selloffs are not this gentle...

For those in altys, this is a blessing... I expect some retest of support again today and before the end of the week, most should be above what they started the week with. Already a good number of them are outperforming Eith which is a marker that we may see some crazy percentage pumps in the next few weeks.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 4:15pm On Jan 11, 2021
pizapato:
Is it possible for the payout to be in dollars to a domicillary account?

and where can one get the private hardware wallet?
I don't see it as a payout per se. It's a store of value which can be easily and instantaneously transacted across borders... Similar to purchasing gold just more convenient... You buy believing it'd grow in value over time and you can sell at a profit.

When you sell, the only options I know now would be into cash or into other equivalent assets. Things may change in future. Also, it's worth nothing that when we use dollars, its just for uniformity in tracking the price. Not that it's tagged to dollars or any currency per se.

For hardware wallets, your best source of purchase would be online and its best to purchase directly from companies involved.. There are quite a number. Some pricey, some are cheaper. One example is trezor
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 12:09am On Jan 11, 2021
1kinggy:
Talking of 2017, I rinsed my hands out late November and didn't let the December 17 gain lure me back. Currently, I'm manually setting a 'trailing stop loss'. The 1,000 I mentioned is an example. If it drops to 1,025, sell whatever I have at 1k. That'd still be some good profit for me.
If it gets to 1400, my SL, will come to 1200. Even if it's a fake correction.
Not everyone would have that discipline.
The most important thing is to manage risk... I do that using several means. I use S/L sometimes but most times, I take stuff off the table when I see fit. I already set a target for what I'd use profits on and fetch on the way up.
If you're margin trading actively managing risk is key, but for spot, I don't always use S/L depending on market conditions. Most times they're 'hunted' and stopped out before a significant move.
I trade on the higher time frames and once the conditions are right, I let my stuff ride the tide.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 5:55pm On Jan 10, 2021
EarlyCareer:
Sure, I did not get in early. The institutional adoption and hedge funds getting into it as well the likelihood of being a digital store of value gives me hope.

Will start taking some profits and wait for the dips that may happen. I no wan develop PTSD abeg. 5%-10% of one's portfolio is still hard earned money lost.
Lol... There's always a narrative driving every run.... On this it's the halvening, stable coyns, institutional adoption e.t.c driving it. Let's see how far it goes.

My simple advice would be to stick to your strategy... If possible write it down. Cos if altys run, the mistake most would make is that after weeks of watching and getting greedy, they finally sell their betece to buy them which is usually at their tops. It's the easiest way of blowing your account.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m):
EarlyCareer:
I am buying to hodl for a few years. It makes about 5 - 10% of my portfolio given how volatile and unpredictable crypto is.

Bought some beeteecee late last year so got in not early but am up by 30%, and up more than 50% on eth. From my readings, I can see that most ALTz are as they say shitcoins so I am reluctant to enter. It looks like a gamble and most of these alts have no real product.

I am focusing on ethy and btc as I am optimistic about their future so I will wait for the bear market, though I hear it can be brutal too.
I'd say what matters is sticking to a profitable strategy.

Fact is they all have no 'real' product including fiat (naira, dollar...) What makes it a currency is that people are willing to exchange it for goods and they have become universal
You're right in a way. Betece would outperform all others in the long run. New money comes into it. But then, my knowledge of the market means that knowing how the cycles run, I can accumulate more betece if I time certain moves. This strategy is more difficult that's why I advise new folks to stick to betece.

If by last year you mean late 2020, I wouldn't call buying at that time early. You bought at the beginning of a parabola. Whether looking at years or not, we're all in it for the value and I'd advise you take some profits soon. If history repeats itself (which usually happens), some of the numbers we may see this year may not be seen for the next several years.

Trust me, you don't want to ride a bull market to the top and ride it back down into a bear one. Definitely not this one. There's a reason why folks who were burnt in 2017 still have the PTSD.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 3:49pm On Jan 10, 2021
EarlyCareer:
Very helpful tips so far, Jedisco.

I added ethy early this year and have been doing a lot of crepto reading. Also, waiting for the dip so as to accumulate beteecee.

Do you think it is wise to take profit soon and wait for the dip or hodl regardless?
This last year gace us lots of immense buying opportunities.
First was at 2k, 2nd on the retest of 10k as support and the last was the break of 20k. Looking back, yhese entries would seems so obvious but when at the time, people screamed for much lower.

I can't give targets but my advice is that it's much easier to take profits on the way up. No one knows how high it'd go.

The question is what was your target when you bought?
Also, what was your entry level?
This would be a good time for smart folks who got in earlier to take some profits. If the retrace comes, youre well armed with fiat to benefit
IMO, the best way to acquire beetece now is to wait for a shift in market momentum... If there's a dip, I'd pick some select altys who seem bound to break their ATH or if eithy breaks ATH, I'd go in... For now the reward seems to be tilting towards altys if played properly.

Few weeks ago most people would have seen 40k as a God sent sell opportunity. Now we're at it, they're aiming for 50k. That's human greed in action- a money killer. Such folks may still end up at a loss even if it goes to 200k To trade this market, you have to master your emotion. Feel no remorse when you sell and it pumps higher. Just know trying to time the absolute tops and bottoms is the best way of loosing all.

It's difficult making targets in a bull run. The reason it's called a parabola is cos it blows people's expectation. It's already doing that.

Take for example when link broke ATH this year... It went from 5 to 9.5 dollars. Most folks who had been holding emptied their bags thinking they had sold the top. It retraced to 6 and pushed up to 14.. Hehe... The move shocked most people. It then retraced briefly to 12.5 and pushed up to 20. During it's final push, some folks who sold at 9 bought back expecting it to ho to 30.. Of course it sold off at 20.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 1:16pm On Jan 10, 2021
stevemims:
Kindly give examples of the bolded. Thanks.
Examples I'd give are Lun0, B1nance, Bundle... They all have apps on the mobile app stores which are quite robust.

For a new entrants, I'd say Bundle is the easiest to use and payout to your bank account in naira is pretty fast. It works off B1nance in a way which gives added liquidity but makes the process pretty smooth. Also their fees are not soo high. B1nance is pretty much the most robust and liquid one there. Has a 'lite' mode as the trading features can get new folks confused. Its also the cheapest interms of trading fees. Lun0 has been available the longest in Nigeria but their fees are relatively the highest and the unavailability of a stable coyn (one priced against the dollar whose price doesn't fluctuate) there makes it less favourable. Also, there's much less liquidity there which can be tiring.

That said, it's not advisable to keep your coyns on exchanges for a long time. Exchanges are like a market place where people come to buy and sell. If keeping for long, it's advisable to get a secure private wallet (preferably hardware) where you can transfer coyns to after buying off exchanges and transfer them back when you need to sell. Most hardware wallets are about the size of a hard drive and can hold an almost infinite value of coyns in your pocket.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m):
Comeandcollect:
since i've seen b1tco1n being sold on Nairaland, it has been selling between N460/N500 even when I b1tco1n was sold FOR $7,000 and now it's been sold for $41,000 it still sell around N500 per dollar, does this mean if you buy one whole bitcoin on Nairaland you get to pay N5,000,000 ? Meanwhile Abokifx is quoting b1tco1n at N19,500,000.

Anyone who fully understands the dynamics of b1tco1n can throw more light on this.
Just like @einsteine said above, I will add 2 things...

1. Just like most international traded commodities/securities suvh as gold, silver, oil e.t.c most folks who trade it follow it's value in dollars for uniformity. It's value in naira or any local currency would be a based on the dollar value of the assest and how that currency converts to the dolar at any given time.
For example, if one unit is 42000 dollars, it's value in naira is = 42000x 470 (exchange rate). We know that the exchange rate of the naira is all over the place so following the value in naira also has that extra volatility.

Now, to what I believe is confusing you. One b1tco1n can be divided into much smaller units. So if the value of one is 20million naira, and you buy a sum of 1 million, what youre buying is 0.05 b1tco1n.

2. I wouldn't absolutely stay off buying anything from nairaland. There are regulated and safe exchanges which are readily available. What you may be sold here may just be nothing
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 12:01am On Jan 10, 2021
1kinggy:
I won't go below 1000. If it does, it's going to be the eventual crash.
Hehe... I wouldn't talk in absolutes even though it's likely a parabola is approaching... This market moves quickly. A drop below 1000 is just 15-20% below... That can easily be achieved in 15 mins. It's a volatile market. It just broke out of the 600-700 resistance cluster. A retest of that zone as support would still be bullish except if it fails. It's not every week a major moves 60-70%

Barely 2 weeks ago, 1000 for it would have seemed like a tall ask and most thought a1ts were dead. I remember telling someone here that the market flows in circles and a1ts would have their time. When the general sentiment is strongly in one direction, that's usually when the market turns whether at tops or bottoms.

It's a bull market and so dips will be bought up quickly until a blow-off top. This market usually repeats history quite well and we can learn alot by looking back. In past bull runs, there are usually steep retracements and even steeper buy ups. So far, we've not seen any significant one.

A pullback should come, most folks would get scared and panic sell thinking that was the top, then it'd start rising and they'd buy back higher than they sold. It may repeat that until folks become so lax such that when the
real blow-offf top happens, most will still be confident it'd retrace and they'd keep holding until they loose all their profits... Ask the class of 2017 how that felt.
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by jedisco(m): 8:52pm On Jan 09, 2021
@house

Whats the average cost difference between long span, step-tile and stone-coated roofing all thigs being equal?

Im looking at 0.55mm... Considering the cost of wood and roofing tiles and workmanship are we looking at x2 of the cost of longspan or step-tile. I know there'd be some added variability based on the brand but what's the baseline difference on the average?
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 8:22pm On Jan 09, 2021
OgogoroFreak:
Honesty, I don't know o. My money just keeps quadrupling grin from 1btc = $5,000 to 1btc now = $43,000 and counting. The profit is like a lie.

I'm cashing out little by little to spread my investment so I don't get drowned/lost in profit cos I know the price must surely come down but this particular happening is strange. I just don't want to empty my b1tcoin account.

I have sold some and invested heavily in Risevest, piggyvest, opay, and now trying to trade USA stocks using bamboo.

Not scared of losing the millions I put in these fintech apps. Afterall, all the money came from the impossible b1tcoin profit this period.
This move has left everyone in awe... The funny thing is that certain fundamental metrics seem to point towards more upside eventually but a pullback may be in the offing.

What's more scary is E1TH... It seems like only a matter of time before it also breaks it's all thime high... And in this market once a major does that, 100% is almost guaranteed.... I've got fiat aside waiting patiently, if it pullsback to around 600-700, I'd take it otherwise, I'd get in on the break of all-time high and ride it to 3k at least.
What I'm still struggling with is what it's little brothers will do if it doubles its value. Already, we've had a sneak peak of that this week and a good number seem to be creeping towards their all time high too.....seems 2017 may repeat itself.

I'm treading carefully so I don't give back profits made... This market is scary.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 10:43pm On Jan 04, 2021
jobark:
The smart investors gamed the mba system. They have “cashed out” more than what they put in and are on green. They have coasted home. It’s just for them to clean mouth and on to the next one.

The biggest “potential” losers (since Maxwell is still giving them false hope) are those who will have more money in mba forex than what they have taken out from the system when reality downs on them that the system has collapsed.

My sympathy goes to those who did the plan that only pays 50% ROI in 3months interval (most people started off in September), it was a well calculated strategy by Maxwell as he knew from the inception of the new plans that he wasn’t going to pay those category of investors a dime.
It's just about being smart. Most people fail to understand is that a ponzi scheme is set up to defraud. At the end of the day, it's the organisers that win. A good number trapped knew it was ponzi but their plan was to get in and out before it collapses.

Take for example I trap 20 mice in a box and put a door that can only allow 2 of them escape before the rest are killed. It doesn't matter the calculation of the trapped mice ir how smart they are, at the end of the day, 18 must die.... That's the game. People need to start seeing ponzi from the eyes of the owners and they'd stop trying to outsmart someone who determines who's money is taken. Once they see their balance books get to a tipping point, they vamoose
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 10:27pm On Jan 04, 2021
highcurrent:
Mehn that move was awesome.
I remembered, I said we might get to 100k in betece. see eithy too.
Truth be said, we're in a parabola and no one can time the top. So far, betece is accelerating at similar rates to its previous bull runs... If that continues then there'd definitely be a good extension that will leave people wondering what's going on... I remember when link went from 4 to 20.... There's a reason its called a bull run
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 11:47pm On Jan 03, 2021
afroxyz:
I'm now officially in scary zone. Shit is getting crazy
Whether betece dumps or not, one thing is clear. The money that has flown into betece will circulate... Las las, oil go reach everybody hand... Just know when to wash hand mk u dey hold plate las las. Same also, it's a bull run... Don't trade it like a bear market...
InvestmentRe: Treasury Bills In Nigeria by jedisco(m):
janga:
you cant expect alt coin season this yrs unlike in 2017 when they pump 100x - 300x. most of those institutional firm and whale are bullish in btc and they are still interested only in btc so they moving more money there to keep pushin it to the top and once they met the target, they’ll exist & that when we’ll be expectin crash
jedisco:
Not expecting anything close to those numbers although we're seeing some staggering candles already. The market flows in cycles irrespective of where fresh money is coming in from. Of course the king will outperform the rest in the long run. But usually, there's a 3-6 month cycle of dominance between btz and others... Once many think one group is dead that when it wakes up. The mistake most make is jumping from one top to another top.

Funny enough, all the noise goes to btz but eithy has outperformed btz since the March crash and is likely to perform even better over the next weeks. I'm looking at majors first. My concern is that a significant pullback can happen at any point
@janga remember this?
Playing out perfectly
Most important thing is patience and knowing what timeframe the market is in.

If you think Eithys move yesterday and today was something else, then grab a sit and see what it's junior brethren would do.

Beetece has moved, Eithy (including some majors) have moved, mid caps to low caps will start causing wahala. This market flows in a circle. Still scared of a rapid dump though... But recovery should be quick
HealthRe: Fertile Dream NGO Shares Face-Masks In Lagos To Cushion Effect Of COVID-19 by jedisco(m): 9:11am On Dec 31, 2020
All these sponsored posts on NL are becoming annoying.
I'm not against them but they should be flagged as sponsored so I do not bother opening them.
It seems most groups who want front-page publicity have to contact @gleesmodel or bleedingpen to facilitate that.

@topic, this is a single-use disposable mask which ideally should not be reused after removal, meals, and use is for a few hours. Except this distribution would be done at least daily at designated points, regular cloth masks which are washable is the sensible thing to do.. Well it seems the organizers are more concerned about the pictures than doing something sensible
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by jedisco(m): 2:57am On Dec 31, 2020
dongc:
How do you want your beer??where can I send it to ??
With nkwobi I believe?

I believe lessons have been learned and other people would appropriately word their statements and hopefully their views too. That's the main essense of the talk.
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by jedisco(m):
diordaves:
I have referenced the above post for us to get a better perspective of the current situation to resolve the issue and have some normalcy again.

.....
The post you referenced was one the young man had edited. I have quoted his original post. Look at those who replied him earlier and you'd see the difference.

davodyguy:
When buying tiles, ensure you do the measurements accurately with your tiler and also ensure proper conversion from sqm to cartons and lastly if possible, after agreeing price with supplier, go with your tiler when going for pickup.

I just got swindled of 90+ cartons costing over ₦130,000.

Lesson learned.

I know all tribes in Nigeria have bad people, but we need to be wary of some particular ones.

When I bought cables from them, it's the same thing until I stood my ground.

When I bought conduit pipes from them, it's same thing. They sold fake 20mm at the price of original 20mm Dignity pipes. I stood my ground and returned all pipes

Now it's tiles from Orile.
This criminally minded Patrick Ebere knew what he did, smuggled all the tiles in the truck before my arrival to make U turn to the other side.
Swearing that ' ọgá the thing complete' 'maka why I go cheat you'

I said I'm coming to his shop, he said no that he has traveled to the East, whereas this bastard is right here in Lagos
This issue has dragged on for a reason. But then it's surprising some folks don't see nothing wrong with certain statements. A very good way of checking if a statement is discriminatory is by inserting a word that describes your person and see if it still hurts.

From his initial post, I'd give certain examples with blank spaces. Fill them in with a personal word and see if it's right.

E.g
I know all races have people of low IQ but we need to be weary of ____ race
I know all Nigerian ethnicities have ugly people but we need to be weary of ______
I know all Nigerian ethincities have poorly trained youths but we need to be weary of ____

You can go on and on. How anyone can justify such statement is truly surprising. Of course he cheekily did not name an ethnicity but even a 3 year old knows what he meant. If folks did not quickly stand up to that statement, some others would have been happy to cherry pick more examples to paint people of that ethnicity in a bad light.

What's more annoying is when you call out such statements, people defend their stance by saying I have bought goods from someone from that ethnicity therefore I'm not a tribalist. Or my cook is from that ethnicity therefore I'm not a tribalist. Sounds familiar? Even Shekau can give such examples to excuse terrorism.

Abroad where he says he's coming from, if such statements are made in reference to him as a Nigerian or a black man, he would rightly regard it as racial profiling or racism. But the little man is here playing ostrich.

There's a difference between being matured and being a baby. I don't need an apology but if he saw the need to edit his post, that means he knows he erred. Maturity is being a bigger man and owning up to ones faults. We all make mistakes.

My point is simple- what's wrong is wrong and there's no excusing it. You were duped by one person does not mean you drag a whole ethnicity into it.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 12:50pm On Dec 28, 2020
afroxyz:
Baba. Let it not make you bored o. Remember trading/investing is 90% psychology. You have to rein your emotions when others are drunk with euphoria. Besides when shit hits the fan na those 'borubg assets people go use hold body las las. But why do u find stocks boring? Zoom shares have returned 553% this year. Peloton 558%, NIO over 1,100%. So it depends on where you are looking.
Yeah...
It's good to diversify but also not be jack of all trade and master of none. They both follow similar principles but creptow relies mainly on demand and supply, price action and better respects technical analysis. For passive income I look other ways except I see a very good opportunity. For now, I cant combine both so I stick to the one I know well.

The U.S stocks this year has been just as volatile as the creptow market we're used to.
Most of the stocks rose on the back of speculation. Also, with countries printing lots of cash out of no where and ease of access to trade US stocks internationally, we see where the rise has come from. I still think its largely inflated now though but markets can stay that way for a long time. Those percentages are scary to be honest especially if not backed by fundamentals.

In Nigeria today, it even seems easier for the layman to trade creptow than trade stocks. Numerous exchanges advertise on NL, numerous resources exist online to teach new folks and same fundamental driving price is equivalent worldwide.
The bull run we're experiencing in creptow now took 3-4 years to cook
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 12:35pm On Dec 28, 2020
DexterousOne:
There has been some reform and some regulatory changes since the fiasco of 2008/2009 during which anything went

I would say that the NSE is in a better place now than it was then.
The NSE still has some opportunities for those who seek it, and sometimes, the best bargains are the companies with not so big names

I for one have looked into that courier company RedStar
I have been looking into their statements, and from my own personal judgement, I believe some value holds in that company, hence I am loading up on that company in phases
Now this is my own judgement, not a recommendation for anyone
Due diligence is still needed

That said
The main risks with this our beloved NSE grin grin
Is Mr. Inflation and Mr. Devaluation
(Other risks also exists, such as corporate failure of the individual companies and all that, but I feel that the aforementioned are the two biggest for me)
Picking good companies and periodically reviewing their statements, you cannot go wrong most of the time doing just that
I agree with you on the NSE.

The devaluation and the fact that it's getting easier to trade foreign stocks has also contributed. You can easily buy stock of U.S companies now.
Also, with CBN cutting the TB rates, the growth in our stock market should continue. If it continues being profitable, moreso to the lay man who just wants to buy and hold, overtime, people will begin to troop in. It's those willing to buy and hold that really gives a market it's base.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 10:23am On Dec 28, 2020
afroxyz:
Well, those on the NSEMPA thread and people like ukay2 and emmanuelewumi would disagree with you. Some folks have mastered the NSE and are making a killing. Its just to know what startegies they use.

But you are right too much inaise trading and shady deals. The market is not efficient. You would hear bad news about a stock yet it would still be trading high in the market
They're good at what they do...
I'm looking in the direction of some stocks to hold for a long time... The volatility of the crptow market makes the generally slower moving stock market look boring. That said, volatility comes with more risks too.
InvestmentRe: Treasury Bills In Nigeria by jedisco(m): 10:19am On Dec 28, 2020
afroxyz:
Im on eithy but have a small position compares to beetèecee. But I would be increasing my position next quarter and during the dips consiserind the fact that it has outperformed the king YTD
Not bad if by next quarter you mean January ish... If you got into betece early, you have some good profits already. I didn't own much of betece though.

The thing with altz is that they can reverse months of downtrend against betece in a short time.
Don't be surprised betecee ranges between 20-30k while eithy can double its value in that time. Once it crosses the 820-900 resistance cluster, na waka be that.

Definitely after this run will come a correction... Don't want to be holding anything then moreso altz

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