₦airaland Forum

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

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

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.

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.

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

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
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.

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.

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

Lazyyouth4u:
For those people that talk about investing in the NSE and going long term, I will use the experience of a family member to show why I always preach caution.

Many years ago, a family member decided to invest in various stocks on the NSE and go long term, hoping that this would contribute to a large chunk of his retirement funds.

He diversified and invested in banking, insurance, industrials, oil and gas, etc. Examples of companies he invested in First Bank, UBA, Union Bank, Afribank, Law Union and Rock, John Holts, UAC, AP (now Oando), Texaco (now MRS), Leventis, SCOA motors, UTC, Nigeria Textile Mills, etc.

Guess what happened to many of those stocks today? Vanished or underperforming. With just a few of them paying dividends and giving bonus shares (mainly First Bank and UBA).

Note that this family member had little time to be monitoring these stocks and only bought lots of these shares and moved on to other endeavors.

Moral of the story: Buy and hold on NSE is as risky as trying to time the market. You still need to commit lots of time monitoring these stocks and not a lot of retail investors have this luxury.

I haven't held Nigerian stocks in a long time. People make good money trading it.
My worry is there may be lots of insider trading going on with improper regulatory oversight hence the huge losses by most folks. Another theory may be that they bought the top of the last bull run. That said, our failing currency makes foreign stocks more attractive.

afroxyz:
Kevin O'Learey is just yarning dust. Using 2017 data to make his analyses. Dude bought reeplee and was yarning dust

Hehe... It's a debate... Most do it for fun. They'd have to get someone to oppose and a vast majority of the public still do. But finally, you wouldn't blame him.. reeple can cause longstanding vexation.


Hope you're part of the Eithy ride? Over 15% since yesterday and still moving. Imagine those who panic sold their Eithy into betece yesterday. Na bicycle dem dey... You see how the market is calmly watching it run.. When it's done, expect its little brothers to start causing wahala starting from mid caps.... My eyes on link... It hasn't had a proper run in a while.... But not holding my breath though. It's already had a good year

Except betece suddenly wakes and dumps or pumps heavy, the cycle should go through. Most times, when it gets to this stage, betece ranges or slowly bleeds.

Money has steadily flown into betece for over 3 months without really giving altz room. It's still one same market and the usual cycle is expected. Just position peoperly to reap the benefits and know when to take profits. It's on Eithy moves like this I like using a stop loss and just be bumping it as it moves up



I'd say this market is less stressful and much safer if you look at the big picture. Most day traders get chopped up trying to nail tops and bottoms

Osirawboy:
Still waiting for Altz season.. I bought 289 ripple in mid November for about 100k, now it worth 40k . As soon as I see a 150% increase I'll sell this Shitcoin. With the US SEC lawsuit against ripple I thought. But I'll jst wait till end of February 2021 to see

Hehehe.... Market psychology at it's best.

No be only you. It had gone over 100% when you bought it, a steep correction was in the offing but definitely not the way it came. The SEC news aside, it is known to create a load of bag holders. Pumps heavy then dumps leaving folks with heavy bags, frustrate them for a while nd repeat. The problem now is there are lots of bagholders who are willing to sell the smallest of pumps.
That's why I like Eithy... Slow and steady rise and when it corrects, it does that respectfully.


One thing I like about this market is how it shows and works on people's psychology. Everyone is regretting not buying betece at 4k. I can assure you if it drops to that level again, people will still not buy. Either they'd be calling for 3k and miss out or calling for its doom. It's interesting how same scenario keeps playing out over and over again. Buy high, sell low.

handsomebolanle:
It was a debate though...


https://coingenius.news/anthony-pompliano-and-shark-tanks-mr-wonderful-debate-merits-of-bitcoin/

Yeah.. explains it... A critic on one side and a pro guy on the other.

handsomebolanle:
And when the mentioned above drops...Then you will understand the meaning of WHALES BEAR

Can you attach the original article? It looks likean old one. Most major financial news outlets such as Bloomberg and Forbes have changed their tone of reporting about it.

It's still a relatively small market and that's why I'm excited about it... Cos the room for growth is tremendous.

I believe this market has survived it's worst and is slowly getting to mass adoption. Most regulators are well aware and have gone through it. Their focus now is on making sure traders have full ID and that they pay tax on their gains.

One area still a bit grey is the stable coyns which are made to match the value of day to day fiat currencies and are not volatile. They're meant to be backed by dollars or other securities. Their rate of growth may seem that they're not fully backed. I know Facebook and a consortium of other companies were looking at building one at a time.

But the mass printing of the dollar and the fact that most citizens from nations with rapidly depreciating currencies turn to it will drive its value up with time.

jmanity:
A bear market will come but I don't it will be as brutal as you think. This period is different from the last time betece attained ATH. This time we have institutional investors like BlackRock, MicroStrategy, PayPal, Square etc.

Hehe... I wouldn't totally agree with you on this. I rely on technical analysis (TA) and price action mainly but fact is there's always something in the news to serve as a distraction.

When a bear market start, na you go dey vex say why everybody dey sell every 5 percent rise. Fact is I knew this rally would cone but I didn't guess it'd be this strong. Nothing goes up in a straight line and when the real bear market comes, the dips would be deeper than everyone envisaged. The whales you're talking of sometimes fuell those dips to fill their bags. All that's needed may be rumours that a few of them are emptying their bags. One thing I'd agree with is that with money in it mow, the market should move slower.
One thing I like about this market is that it generally respects TA.
Look at the chart we're trading. The only reason why I'm still in it is because it broke ATH and I knew a significant move will ensue.

For example, look at Eithy... Earlier today general consensus was it and others were dead... All of a sudden, its goes 10 percent... Wait for the coming days. I believe it'd reach its ATH too which is double its current value... As it approaches there, watch what its little brothers do. The market is designed to trick the majority and reward the patient.

Already, thetha has given me over 100 percent in about 2 weeks while everyone was screaming on betece...

There is a reason why some of us are patient to wait for the altz season, moreso when the conditions are ripe. It's because you can double your portfolio under 2 weeks of a proper season... Case in point, link went from 4 to 20 earlier this year. I don't want to tell you what that did to my portfolio eventhough it was just the first 2/3 I rode.

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

To add to this, for those who trade, it's good to know what you're good at...

Are you a day trader, a swing trader or a HTF trader?... I usually prefer to trade the high time frame and I'm less concerned about daily movements. I believe it's in major movements that most money is made or lost. Truth be said, betece usually gives 2-3 of such major moves a year.

Betece has been running the party for almost 3 months now. I believe over the next two months, the major money will move to altz.. That's how the market cycles. I might be wrong but thats how I playing it. Selling your altz into betece now may not be advisable. Its like selling the bottom ti buy the top. I've made such errors in the past and lost out on both ends

Take a step back and see that betece has crossed all time high... It's likely others will make good moves.
With altz, entry and exit is everything... 20k to 28k on betece is a 40% move... When the time is ripe, some altz will give double that percentage in weeks... Already some have printed delicious candles. Just remember to take profits along tge way cos the volatility will be huge too.

afroxyz:
All of una wey dey go moon. Hope you have your parachute and your eject button is functional.

Adoption is still quite early and most folks in it now endured the brutality of the 3 year bear market and perhaps the March crash. Let us enjoy this. We waited 3 years for it. The most important thing is risk management and trading a bull market as one not a bear at least till it's over.

We know a likely brutal bear market will ensue unexpectedly likely after the halving backed bull run is done. We'd ride that too...

Lord knows I'm already getting ready for the 2024 post-halving bull.

afroxyz:
Is there a way to start a thread or group for cypt** enthusiasts like us. I know ogogorofreak used to operate one back in the day. Don't knlw what came of it

Was part of one recently before it was shut down. Rule 16 says don't promote it. I wonder if that also includes discussions.

Once sent a message to the @mods asking them to review that rule. Since there is no known thread, it gives room for scammers to run amock.

Surprised that the rule still exists yet the most recurring adverts on this site have to do with it. I know it'd be changed someday but wondering how long.

Perhaps @Seun still thiks it's a scam but has no qualms collecting his ad revenue from exchanges who advertise here... Just thinking...if he thinks its a scam, wouldn't allowing sich ads also be supporting it?

It would be interesting to know his views on it and why that rule still persists.

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

You are an annoying tribalist and one with low IQ. You obviously don't trust them but yet you keep going back.
It's what I tell people who decide to limit fraud to one ethnicity. Please and please, only buy from the ethnicity you trust, whether it's pure water or recharge card.

I always tell people like you to remember your fathers fought to keep them in this country. They have always expressed their willingness to go form their country yet Nigerians insist against this. Why not support that clamour so you can remain with your trustworthy brothers?

As far as I'm concerned, you should go and thank the seller. Consider the 130k as school fees for acquiring sense. People like you will always be the easiest to dupe and be rest assured you'd keep paying school fees until you finally get your brain functioning.

janga:
you cant expect alt koin season this yrs unlike in 2017 when they pump 100x - 300x. most of those institutional firm and whale are bullish in btz and they are still interested only in btz 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

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

OgogoroFreak:
Bitcorn!!!

26k in the bag...
For now, it seems the path of least resistance is up.... I'm eagerly awaiting altss to start popping

lefulefu:
Lol its not that those guys dont like good looking women..the thing is that the good looking and successful women wouldnt look their way hence they dont have a choice.If u as a guy want a quality woman then u have to upgrade urself too.U cant just be jobless,unambitious and u gamble extravagantly and yet u want a quality lady.how dat one wan take happen? If as a guy u happen to get one old white lady that happen to take interest in and carry u overseas and u just satisfied being hr intimacy gadget and she feeding u then village ppl are obviously working in ur life

Funny enough, such ladies are more problematic in the long run. Most of the ladies have severe mental health issues the kind of stuff we don't hear of in 9ja. It may not even pay trying to get on your feet cos with such people it's more difficult when you have something to loose.

Either way, it's not a nice situation to be in. No wonder most quickly look for a naija babe to bear kids with once their documents are sorted. It's pure torture.

lefulefu:
some nigerian guys take worse from their oyibo wives than the micheal guy .The thing is that if a woman finds u worthless in her eyes and gives u crap and swallow it with all gladness she will keep on disrespecting u .There was one story i heard about another guy.anytime he is preparing naija meals in the kitchen his oyibo wife would always complain about how african food smell terribly and anytime the guy is communicating with his family the woman will be telling him how she hates his savage family and hope the money she giving him she is not sending any of it home to his family or else if he does such she will deal with him.The man no dey dare exchange words with her cos na she bring d guy over.all these visa and green card marriage is like second slavery .

Hehehe... Quite common but not always the case.
That's what alot of guys here don't understand. They follow this convoluted redpill teaching (have nothing against it) that makes them think certain xteristics are only limited to Nigerian girls. Certain traits are universal be it in Nigeria or UK, it's the way such traits are expressed that differs.

For example, women all over the world are generally hypergamous. It's a natural trait and part of the natural selection process present both in humans and lots of higher species too. If you're marrying a white lady, what are you bringing to the table?


They forget the redpill movement was born by Western men who suffered the effect of feminism.
I asked on a previous thread, if you cannot handle the 5% feminism creeping up in Nigeria, don't go looking for 80% in the West.


Finally, about your scenario... Such ladies practically convert the guy to a slave, waste his productive life and ruin his mental health. Exceptions are guys who have are paying for the contract marriage or who are lucky to find a sensible person.
The annoying thing is that most guys wouldn't go for productive or good looking ladies in the society, na the bottom pot them go dey hustle.

Hehe.... Praise singers at work...

Just wondering how much these praise singers such as AlexReports e.t.c pay to have unlimited access to the front page.

I don't like responding to racist comments. That said such statements coming from white folks wouldn't surprise me. Discrimination is expressed worldwide.

What's annoying is black men and women having a competition on who's going to put the other down more. I've said it over and over again here that we are in this together. The world out there sees and rates us as one (whether male or female).

goody234:
LOL thats the problem right there with some of you nigerian women u never practice what you preach ...you want it all from the men without sacrificing anything ....i got news for you a lot of you will be single into old age

Is this what you resort to? I replied a post and rather than put up a coherent response to it, you start questioning my gender.

Look through my posts for over 10years I've been on this site... My dabbling into this issue was because I noticed alot were ignorant regarding what's obtainable out there. That I'm a male or female has nothing to do with my response. Your lack of critical reasoning is appalling.

Nigeria has a rapidly growing population of over 200million, most of which are poor and the only thing on your mind is the person who is single or not. Don't worry, there are millions of white ladies ready to kneel at your feet cos you've got a d***

If this is your definition of masculinity, then you are a disgrace to it.