₦airaland Forum

earthrealm:
you cant really get rich from these high value coins....unless u ready to wait 2 to 5yrs... cos b4 the coin go fit do 100%......a low value coin like shib with 5 decimal points fit don do 500%

skydiver01:
Crypt0 exchange Binaz among investors to bail out victims of $615 million heist

https://www.reuters.com/business/finance/crypto-exchange-binance-among-investors-bail-out-victims-615-mln-heist-2022-04-06/

Be careful with your crypt0 investments.

Tyche:
Gracias.

jedisco:
I'm not a fan of knife catching.... usually prefer waiting for the daily close...
But some coyns are testing significant support... e g ETC at 40...

Got some bids laddered between 100 and 110 on luna.. looks like a macro retest which should be bought up quite aggressively except bitc0in nukes

Tyche:
What tested and trusted, interest yielding platform do you recommend?

OffsahBoye:
Most alyts are back to or almost where they were when btcee was at 39k

Wahala tie rapper

Tyche:
Constant portfolio rebalancing is an often neglected concept if you desire a stellar PnL in this game. This is arguably, a narrative driven game and that narrative changes constantly. Consequently, the market will leave you behind if your view of the game is stagnant, same as your portfolio.

This concept, negates the idea of holding. Make no mistake, holding is one of the easiest route to hammer in crypto, but the idea of holding is worthless, 90% of the time, once the coin exceed a certain market cap. The exception is of you bought very early or you are playing for capital preservation.

If your motivation is constant 5x plays or more, then dex is your friend.

Rebalance
DEX

JavaSQL:
When I see CBN offering 7 to 8 percent on Savings bond, and 13 percent on FgN bonds, it seems funny.

Real time Inflation has hit 50 percent and they keep offering peanut interest rates, you're better off stocking bags of rice, beverages etc with that money than give it to the government at thesz terrible rates. Dollar is already N600 by year end na like N780, that will be total wipeout of anything denominated in Naira cash investment.

JavaSQL:
The only ones who takes responsibility for all the mess are the words FGN and CBN, not the governor, not the finance minister. The words are just mere entities, when kasala bursts every investor will be on their own.

Natasha2:
It seem to have good functionalities with low supply.
I remember it was making rave sometime early this year on this thread, I thought about it again just wondering if it would be a good buy

emmanuelewumi:
Dig deeper, some businesses have been having earnings growth of over 20% annualized in the last 5 years.

pizapato:
Over the last 3 years, the naira has consistently lost about 20% of its value per year

Jan 2020: 1$ = #360 | Dec 2020: 1$ = #460
Jan 2021: 1$ = #470 | Dec 2021: 1$ = #560
Jan 2022: 1$ = #560 | Dec 2022: 1$ = #?

Currently dollars sells between 580-590, by the end of the year it might sell for 660 if the pattern continues.
Investing in dollar dominated asset at 5% per annum will give 25% return annually when you factor in devaluation.

Any investment in naira that is not returning minimum of 20% per annum is not worth it because of the possibility of naira losing beyond 20% of its value in that period.


Better to convert your money to dollar and hide it under your pillow

emmanuelewumi:
Any Investment that combine the effects of a return of equity of 10%, earning growth of 15% will do that

Assurance20:
I must confess the Team has been performing well, the last hype was due to the launch of Hermes protocol (Metis Solidly), especially when Andre left Fantom, they seized the opportunity & some funds from Fantom moved into Metis(Andromeda) which was even confirm on-chain, the TVL in Starstreams(STARS) went over $250m within 2days of launch, but high APRS of the pools in STARS vault/big emission of Hermes caused continuous price dip of Hermes from over $1.5 to less than $0.2, most users suffered big loss, because no reason to continue in the liquidity pool, most funds left the ecosystem from this... However, there is a major news of Chainlink integration coming within a month & possibly Aave V3( don't know why it's delayed cus the proposal was voted & passed) if it happens, then it will pump hard, another pumpamentals is Vitalik's mother associated with the Team

Assurance20:
Metis is a good L2 coin, though it has been underperforming during this recent bull trend, the community are a bit angry/disappointed with the update on Jonah, CMO going to prison for domestic violence with his ex-wife, allegations that the main Team was aware yet they turned a blind eye to the issue & still employed him & made him a active Team member...

Taystee:
I'd be buying below 50MA, I'll take profit at $117.

Ibime:
What makes you say so boss?

Natasha2:
Good evening Jedisco. Thank you for this update

Please I would like to know your thoughts on Métis? Is it a good buy presently or do you think it might retrace?

jedisco:
Follow who don see road

Breakout boys.... slow and steady... Terra luna.... ...

Ibime:
SHib is gearing up for another move if BTC doesn't wreck things

pizapato:
By now people should know holding USD is an investment. If you can put the USD into secured investment that brings returns, it is even better.
Nigeria is struggling to get Forex. Tony Elumelu recent post on Twitter shows that intense bunkering makes it impossible for Nigeria to profit from the current price of crude because lots of the crude produced is stolen.
The high price of crude also mean more subsidy needs to be paid. That's what has driven the cost of diesel and petrol up.
If the cost of crude remains above $100 throughout the year, by the end of the year, dollar could easily exchange 650

People should be holding at least 50% USD and 50% naira now