₦airaland Forum

Epstein:
Rubbish.....embrace farming.

You will cry hot tears in the future when you realize what you did to yourself.

https://www.on-chain-media.io/article/uk-to-introduce-new-rules-on-crypto-staking-and-stablecoins-in-six-months

EreluRoz:
Well the rate at which people use it to defraud others is alarming which is why some people still don't believe in it

Some people? Well, I can slightly agree with you. But you will be shocked to know that crypto crime rate has dropped significantly and advanced countries are developing laws to back crypto investments. You should ask yourself why a country like the UK is prioritizing a crypto legislation. Is Nigeria more developed than the UK? The problem with Nigeria's policy making is that it is led by clueless and daft members of the old brigade. When you live in a country where old men die in power, what do you expect? A sound economic policy ?

EreluRoz:
If you are sure your hands are clean then go ahead and educate me or you just want to stylishly run away from the truth

What is it with you Nigerians and attacking people and things you have no clue about? People own crypto just the way you can earn and keep money in the bank. The difference is that with crypto you are your own bank and can choose to do anything with it. Does money become automatically corrupt without it being
used for wrong purposes? People use crypto for illicit purposes just the way money is used to carry out illegal activities.

Crypto is a unit of a digital money backed up by a cryptographic system. It is not issued by a government or a central bank and it exists because people recognize and use it for online transactions. Today, money is undergoing a significant transformation. In the age of advanced technology and blockchain, what you call money will soon become a relic of the past.

EreluRoz:
Why are you this triggered if your hands are clean? Can you swear that you don't do shady things?

You are just a clueless idiot. I won't spend another minute reading your crap. When you have a brain inside your skull, I will educate you on cryptocurrency.

EreluRoz:
These coin people and their wahala again

What are you people trading sef, pi this pi that. This is the only π I know.

All of you are codedly doing yahoo

You are a very stupid idiot. Do you even know what you are talking about? If crypto is as criminal as you think, do you think a serious country like the UK will tap into it?

https://www.on-chain-media.io/article/uk-to-introduce-new-rules-on-crypto-staking-and-stablecoins-in-six-months

EreluRoz:
These coin people and their wahala again

What are you people trading sef, pi this pi that. This is the only π I know.

All of you are codedly doing yahoo

You are a very stupid idiot. Do you even know what you are talking about? If crypto is as criminal as you think, do you think a serious country like the UK will tap into it?

As the Nigerian Naira continues on an endless nose dive, financial institutions are in a frenzy sourcing for a solution to the persistent decline of the Naira. Various policies have been implemented by the Central Bank of Nigeria, Ministry of Finance, Commercial banks, and other stakeholders to put a temporary or permanent stop to this crisis.

As of the time of writing this article, the price of the Naira to a dollar in the parallel market is at an all-time low of 1740 naira to 1 dollar. At this point, it seems most Nigerians have given up as there is no flicker of hope in sight.In a supposed move to increase the amount of dollars in circulation within the largely dollarized economy, and meet up with the forex demand from their customers, commercial banks have reportedly been trying to convince and incentivise their customers to convert the dollar in their domiciliary account to naira.

The banks are using several strategies to reach out to their customers, which include sending emails and SMS to customers with dollar accounts, encouraging them to convert to Naira at a competitive rate. This move is a strategy by the banks to make up for the dollar dearth that the nation is experiencing and also satisfy their customer demands.Meanwhile, the Nigerian government and the Central Bank of Nigeria have responded to reports suggesting plans by the government to convert funds in domiciliary accounts to naira.

Over $30 billion is reported to be sitting idle in accounts across Nigerian banks, including Access, GTB, UBA, Zenith, and others. Experts believe that this move would help the naira recover in the forex market and boost the forex supply in Nigeria. The question remains; how effective is this approach?

At the heart of this dilemma, the nagging question in the minds of many is; “when will this end?” “Is there a lasting solution?”

Stablecoins and crypto: A long-awaited remedy

Over the years, people who saved their money in traditional fiat currencies have been disappointed due to the consistently rising inflation and currency devaluation.Imagine working hard all day to have enough to save for the rainy day, only to watch your savings diminish and disappear as a result of inflation and persistent rise in the price of commodities.

Almost everyone has had a taste of this sour soup. As the price of commodities increases in the market, the value of your money gradually reduces, resulting in a reduction in purchasing power. This is an inevitable inverse relationship.

To solve this problem, financial experts have considered many solutions but none have been able to provide a lasting panacea. However, with the introduction of cryptocurrencies and stablecoins, there seems to be a glimmer of hope.

Financial experts propose that these digital assets could serve as an effective hedge against inflation. How can stable coins and cryptocurrency help to provide an effective hedge against inflation?


Limited supply: A key advantage

Limited supply is an important concept in economics and plays a crucial role in the value proposition of cryptocurrencies like Bitcoin. For example, Bitcoin has a maximum supply cap of 21 million coins. This means that once 21 million Bitcoins have been mined, no more can ever be created.

This is in direct contrast with fiat currencies that can be continuously printed at the discretion of the central bank. This limited supply of cryptocurrencies creates scarcity which then increases demand as people would prefer to invest in an asset that has the potential to increase in value.

This is a simple economic concept, the lower the supply the higher the price or value of the commodity. Holding assets with finite supply like cryptocurrencies can help preserve the purchasing power of Nigerians against the various economic factors that are responsible for the devaluation of the currency.

Since the supply of these cryptocurrencies is limited, their value may increase as demand rises, making it a potentially potent tool for offsetting the effects of currency devaluation.

The stable coin alternative

Many people have lost their enthusiasm for storing their wealth in cryptocurrency due to the high volatility associated with this form of digital currency. For risk-averse investors, cryptocurrency is always approached with cold feet. This is where stablecoins come in.

Stablecoins are digital currencies whose value is associated with another class of asset to ensure the stability of their value. The most prevalent type of stablecoins are those pegged to other assets, such as the US dollar, ensuring price stability.

Imagine that amidst the current naira crunch, your money was saved in a USD-backed stablecoin like USDT or USDC, you would definitely be smiling right now. Stablecoins offer a safe haven against the Naira’s depreciation.

Charting the path forward

As we wait and hope for a change in the current economic challenge posed by the declining Naira, embracing cryptocurrencies and stablecoins could provide a viable solution.

While awaiting broader economic reforms, leveraging these digital assets can help safeguard your hard-earned Naira against depreciation and provide a pathway to financial stability.

Source: https://www.on-chain-media.io/article/naira-devaluation-it-is-time-for-nigerians-to-embrace-stablecoins-and-cryptocurrency

It is quite common to hear people say it is okay not to have your life figured out at a young age. Although that fact cannot be disputed, there are some exceptions. The world of cryptocurrency has produced some of the youngest self-made millionaires in recent years.


The likes of Olaf Carlson-Wee and Erik Finman. These individuals have redefined what is possible at such a young age. Their stories serve as a testament to the potential of the crypto industry to create wealth and opportunity for those willing to take risks and innovate. Here are some young millionaires who made a fortune through crypto.



1. Erik Finman






This young dude is the real definition of audaciousness. Erik dropped out of high school at 12, and that looks like the best decision he ever made for himself. He first learned about Bitcoin during a protest where he met a man wearing a Bitcoin-inscribed shirt. Out of curiosity, he asked the man what bitcoin was and he told him it would end Wall Street. He went home and did his research, and then he realized that Bitcoin was indeed the future.



Erik took the leap of faith by investing the $1245 he got from his grandmother in Bitcoin when it was trading around $12 per coin. In December 2017, Bitcoin reached a high of around $20,000, and his initial investment grew to $2.07 million, a growth of about 230,033%. Finman used his riches to establish an educational platform and has since built a multimillion-dollar cryptocurrency company.





2. Eddy Zilan







He was one of the youngest few who invested in crypto early. He might not be as popular as Eddie Murphy, but this Eddy is rich. It all started when he was 15; he opened a Coinbase account to start trading even though he had not reached the age limit (18).



He purchased ether worth $100 and that was the beginning of greatness for him. His early entry into the market and investment decisions have contributed to his success in becoming a crypto millionaire. He has since seen significant returns on his investment.



3. Rachael Siegel







Unlike many others who started really young, Rachael started investing in crypto in her 20s. She invested her time and money in learning about crypto. Rachel Siegel made millions in crypto by starting with small, regular investments and dedicating herself to learning about the market. There were times she made not-so-good investment moves, but she saw it as a learning curve. She began by investing just $25 a week in cryptocurrency, primarily in Ethereum and Bitcoin.



Although Rachael refused to disclose the exact figure, her investments yielded profits within the low seven-figure range. Siegel now works full-time as a cryptocurrency influencer with the name "CryptoFinally.”. She has devoted herself to educating and entertaining millennials about blockchain technology. A typical “smart money woman”!





Conclusion


Cryptocurrency holds so much potential; some have been witnessed, and some will be realized in the future. Investing in the crypto industry with the “I can do it” mindset might just be all that is needed to improve one’s finances.



Generally, crypto is considered a risky venture but what investment doesn’t bear its own risk? These millionaires took the risk and it has paid off. One crucial step they all took was taking time to research the industry. Therefore, it is advised that users do thorough research on the crypto industry before venturing into it.



Source: https://www.on-chain-media.io/article/young-crypto-trailblazers

The worsening economic condition of Nigeria continues to take a toll on the mental health of the average citizen. I decided to share this study link to help anyone who might have interest in trading forex and cryptocurrencies.


https://www.on-chain-media.io/article/a-simple-guide-to-forex-and-crypto-trading

I'm here sitting down in the hallway of my spacious apartment viewing this topic. For a while now I have been living off-grid and I can tell you that I have never regretted becoming my own PHCN. This country's economy is in a free fall. Going solar is a decision I have never regretted. Thank God 'Nigeria is not passing through me'.

Following the scarcity of the US dollars, Nigeria's BDC operators have faulted cryptocurrency P2P trading. Continue Reading:

https://on-chain-media.io/article/cryptocurrency-not-responsible-for-nigerias-fx-woes-analysts-say

My brother I tire for our fellow brothers o. E come be like say these our brothers no get anything meaningful to do with their lives apart from to knack. Stupid cretins

Evolutionism:
Empty blvck skull.

Na wetin dem sabi pass be this.

Their mates arcross the Globe are breaking grounds with series of new Inventions and new Innovations by making the world a better and easy place to live.

But here we have an empty blvck skull showing off nonsense and rubbish after doing some frauds and stealing money meant for other people.

Ole ! Thief!

Jail the animal. Randy Nigerian me should learn from this. Stupid set of fools.

God, I haaaateeee this country.

KosiGee:
@Op, I guess your name is something like Henry but look and act like Henrietta…or maybe your name is Stephen but you’ve been acting like Stephanie to your mates.

Say the truth mister.

Bastard Oloriburuku Masanfani. Is that enough reason to validate the bullying ?? So everyone with such qualities are homo right? Idiot!

This really touched me. Please do well to send me a text . I have something very valuable to share with you : 09034059633

So fed up with all these crappy stories of life's shenanigans in the West. Must you "japa" in the first place? Many of you are just stupid and lazy fools looking for the easy way, forgetting that the life you experienced in your shithole is not the same over there. Mtcheew.

1. Orthodox priest praying for the repose of the souls of the dead Palestinian Christians wrapped in body bags.

2. A portrait of "Jesus Christ" leaning on the wall within the Church's premises.

Video : https://www.instagram.com/reel/Cyn9P7Gs0eF/?igshid=NTc4MTIwNjQ2YQ==

My take: After watching the video where Pastor Adeboye announced his Church's solidarity with Israel, I came to the conclusion that ignorance is the bane of Christianity in Nigeria. The vast majority of the people who profess this religion don't understand its Eastern origin and choose to be blinded by a deep hatred for Islam. But when they are confronted by hard facts like the existence of Arab Christians, they immediately look stupid, helpless and dumb.

This thing go pain CAN ehn.

A popular street preacher Daniel Stephen Courney was attacked by visibly angry Isrealis for calling Jesus the Messiah.

Video link :
https://www.facebook.com/1069244116/posts/10228613464496097/?mibextid=rS40aB7S9Ucbxw6v

CJStarz:
Malu😂😂😂

😂😂😂Israeli pour shits on you. Shame to be a rejected asslicker.

Tunde835:
Nah. Killing someone means more hate. The guy you spit on can go back and shower but the guy you shot to death can't stand up.

Carry your black monkey face go Israel and preach the Gospel alive and see if you won't be beaten and spat upon.

CJStarz:
We forgive them because one day, their eyes go clear. They will seek the help of Him Whom they pierced.

Sheeple. Lol

fx45:
Those Palestinian Christians you're talking about, were they among the people that were shouting 'Allahu Akbar' last Saturday after the massacre in Israel?

I educate stoopid religious fools like you everyday. Palestinian Christians are part of Palestinian Liberation Movement. They will do anything to regain every inch of their land stolen by the murdering Israeli government.

fx45:
Those Palestinian Christians you're talking about, were they among the people that were shouting 'Allahu Akbar' last Saturday after the massacre in Israel?

You are mad and a bastard. I know your are so blinded by your insane hatred of Islam and Muslims that you look away when Israeli terrorists kill innocent Palestinians.

MadamExcellency:
When will you stop all these propaganda?

Stfu idiot!!! Does that change the fact that the HATRED is deep-rooted?

TemplarLandry:
Stop the smear campaign.
Of course there are some heretics among Israelis, that's the major reason why God always punished them by displacing them and letting their adversaries overpower and enslave them. The Covenant of God with Israelites is everlasting, know this and know peace.

If the love was real and genuine, why was there no European nation offering Israel a piece of its land? Isn't Europe majority Christian? Do you even know the history of the religion you are blindly defending? Do you even know that Palestinians are some the earliest Christian communities? The next time you stupidly think Israeli are only butchering Muslims In Palestine, do know that there are millions of displaced Palestinian Christians living under the terror of the State of Israel.

Depriest2020:
It's better for Israeli christians to live with Jews who spit on them than to live with Arabs who slits their throat.

Listen to this fool! One day, you will all wake up to see who your real enemies are. I can understand the Jews hating the Muslims and vice versa. But the Jews hating their ass lickers? Shocking!

In a disgusting behavior, colonial Israeli Jewish settlers on their way to Jerusalem to celebrate the Jewish holiday of Sukkot were filmed spitting on a group of Christian worshipers for no apparent reason.

Video below:


https://fb.watch/nCaexvWxoT/?mibextid=rS40aB7S9Ucbxw6v