₦airaland Forum

As at this morning , dollar was even selling for a higher price at kucoin compared to binance , they will later leave binance and chase kucoin and other thousands of exchanges ?? Binance is not the problem..the same people who claim they have the solutions are the same people behind the problem..The same people in government are guilty of whatever that is happening on binance..don't be fooled..The same politicians are money launderers and co...The same government leaders have access to the same dollars that an average Nigerian cannot have access to..the so called manipulators are working for these same thieves called Nigerian leaders..sit down there be blaming binance while they still go behind the scenes and carry out their criminal activities on other platforms...

abhosts:
LOL. Can you imagine what this guy would have been saying if Obi was President and Igbos stood by him even when the country is in tatters? By then they would start forming intellectuals that have higher IQ than Einstein. Anyway, I have seen this guy in different functions over the years and he is not a good person in real life, so his opinion does not surprise me.

I hate his opinion because I hate tinubu. But saying seyi law is a bad person in real life ?? You lie bro...even obedients that personally know him offline will never say that...you obviously just don't like him and that is not bad..you cannot like everybody ...but saying he is bad ?? Naaaaa

narite:
Your Estimation is mathematically dubious and incomprehensible.

But economically he is right...if the dollar rate go down, the effect of inflation will still affect the value of the naira in your bank account most especially in a country with bad economy like Nigeria.. if you save 1million naira today , by next ten months ,the value of the 1million will have dropped and it will make the one million to look like the present value of 500k..


The only thing that can make savings of naira in your bank account to be better is if the inflation rate do not massively increase. So at least the value of that your naira in your bank account will not not also reduce massively ..


For those that do not understand the economic jargons above...I will explain in lay-man terms by using the picture below...it says it all...one is plenty while the other one is just 1...but the value of that 1 is more than all the plenty notes combined together

LincolnOnyeabor:
Update ooo:

Go to binance
Tap on wallet

Tap on deposit

Search for pixel

Copy the eth pixel address

Come and copy this link paste the wallet address there and you're good.

Launching Tomorrow.

https://pixelsdrop.tech?refer=ef4f81

Always investigate whatever link or airdrop you are posting...the link is scam....the pixels token is only available on binance launchpad..no airdrop on any website...

Read here https://www.binance.com/en-NG/feed/post/4092105710145?ref=70085490

GRACEGLORY:
The $48K now likely until BTC reclaims the $52K area. At that reclaim, $43K boom!

Believe me, their are more buyers than sellers though.

Na man you be...Good job sir..when others kept saying bitcoin will go back to 25k before it can touch 50k , you insisted it will not happen...bravo..your optimism helped people like me to see the brighter side of the bitcoin market..

Angela90:
I've been searching for a coin that would give me x5 before the major bull run begins. Do you guys have any suggestions. Any coin on binance and Kucoin.

Which bull run are you still waiting for ?? Bull run have started since...do they need to announce to you before you know?? Bitcoin is just 33% near ATH and you are still saying when major bull run begins.so what is happening is what??

Djdamian:
Cryptocurrency prices can be highly volatile, leading to uncertainty and big risk,it can't be seen, felt nor can it be touched. Unlike traditional banking systems, cryptocurrency transactions are irreversible, so there's no recourse for users in case of errors or fraud.

I never disrespected anyone. Just saying your last statement is BS in my opinion and I don't agree to it

BS

FitCorper:
Naira will soon change direction due to all the tough decisions Tinubu has been taking. I heard cbn governor now set a requirement of 1m dollar to be an international money transfer operation. Cardozo is still cooking something huge that will further strengthen Naira in the future.

Since I was born , they are always telling us "will soon "..but nothing is done..

seunmsg:
I’m not saying all dom accounts should be closed. However, a lot of the dom accounts are for speculative savings. I’m not against those who have a genuine need to open a don account for their businesses. Those ones should be encouraged because they earn forex for the country.

I understand the angle you are coming from and your point is valid but the speculative savings will continue to happen as long as those hoarders know that the demands for dollars will keep rising ...hoarders will hardly keep something that is not even requested by people, when people are not even demanding for the dollars the hoarders are hoarding , the so called hoarders will be forced to sell it at a lower price so that their dollars will not stay idle for long while they keep making loss..

Let me paint a scenario. You bought dollars at 800naira , same way many people did the same thing..you want to sell it at 1200naira and no one is even interested in buying at all , and even those that want to buy starts doing Shakara because they do not really have much interest in buying it at the first place, so they price it down and say they want to pay 700naira..and it continue that way for a very long time , you need the customers or else your dollars is useless because if no one is buying it from you , then there is no profit to make ..you are not buying dollars because you want to use it to design your house ..as a business person you will have to bow down to that reality at that moment and you will sell to your customers at the rate that all of them are willing to buy, that makes the price to come down to that 700naira..the cycle goes on and on until it reduces totally..so in other words, people keep hoarding because they know there will always be huge demands for what they are keeping..you will never want to keep something that you know people will not buy if you are a business person

seunmsg:
It’s so easy to call people abusive names simply because we can’t reason with them. If all of us continue to change every single Naira we earn to dollar only to save them in dom accounts instead of using same for productive purposes that can earn more forex for the country, how then do you think we can bring down the exchange rate and strengthen the Naira?


The dollars we keep buying and saving in dom accounts, where do you think it is coming from? You guys really think the CBN governor has a magic wand to create dollars to satisfy everyone’s need?


Dollar is now over N1400 and Nigerians are still mopping up all available dollar supply in the market. That goes to show that people are making money from the local economy as making money in Naira is not the problem. Now, how do you guys think we can sustain the purchasing power of the local currency if all of use keep converting Naira to dollar for majorly speculative reasons? Will keeping money in dom accounts generate more dollars for the next set of guys who also want to buy dollars for same speculative reasons?

Sorry to come into the discussion

The only reason why everyone uses dom account is only to keep dollars or send ?? What about those who do online business and the only way they can receive payment is PayPal or a dom account ?? More like saying let's stop producing cars because so many people are using cars to cause accidents..

Will people keep dollars when they know there won't be much demands for it ?? For example if we majorly export and hardly import , demands for dollars will automatically reduce drastically...when supply is more than demand , the price will be made to come down ,simple economics..but in the case of Nigeria we import 90% and 10% export so there will always be huge demands for dollars and when demand is more than supply, what happens next ?? The price will rise..simple economics..as long as our economy stays this way , dollars will keep rising because the demands keep rising and the supply is not even enough for the demands and it can never be enough..just those that want to travel out alone needs so much dollars.. I have not even mentioned importers oooo , I have not mentioned the oil imports too ooooo even the federal government already made it clear that dangote refineries can only refine 30% of the total crude oil..so i do not know why some people are thinking that naira wil automatically become strong simply because of dangote refinery..as if dangote opened the refinery for charity..he is there is to make money , not to save naira or help dollars..

armadeo:
I'm just laughing here. I see some guys who own probably some miserly amount in dollars screaming x5 x10. Lol. Even if you have 10k dollars and it naira x10. You'll still be impoverished because that wealth you've made na help you go take am render last last.


I've got some dollar savings which I bought between 480 and 750 lying there dom. Asides that my only dealing in dollars is on exchanges for trades.

Imagine watching it go from 500 to 1440 in just 2 years. Any normal person would panic. Just imagine buying 100 dollars for 50k 60k now you buy it 140k.

If you're not worried then you don't have sense at all. This is an import economy and the dollar price affects everything, every single thing. The cost of goods have sky rocketed ridiculous heights.


Let's start with medications. A drug of 5k 8k 2 years ago is now 19k. The person never chop ohbonly medicine. Omo !!!! I tire.

Yet you will still sell dollars at the x5 if it gets there , why can't you say No i am a patriotic Nigerian and I will not be like other people who are happy with it. I won't sell at such high price i will sell at 100naira..I want to be different

So for someone who wants it to reach ×5 and you that will still sell it at the same exorbitant price..what is the difference between them?? Why do we like deceiving each other in this country , don't you know that someone that made a wish and those who took advantage of the wish are now the same thing ?? The time that I will say you are different from me is when you refuse to sell the dollars at ridiculous price that people are wishing for , we are both going to sell it at the ridiculous price , so why are you saying anyone normal will not wish bla bla bla , so if those wanting the dollar to keep rising is not normal , what about the person that still keep taking advantage of the rising dollar?? Are they not both there for the profit ?? I wishing for x5 is only thinking about the profit , you selling at high price is also thinking about the profit , so??

If you are not thinking about the profit , why can't you sell at 200naira and see if people will not rush you ,or will you be arrested if you sell it at 200naira ?? Sell at low price so that you can be considered as a normal person that is not happy with the present rate but you won't do that I guess

Siberia01:

We don talk everything finish
Wetin be the solution to this dollar thing?...
Because it will still keep going up
Sadly No solution...
We just adapt and move on

There are solutions


https://www.thecable.ng/naira-float-how-to-stop-the-local-currency-from-drowning-us-all/amp

https://punchng.com/sustainable-solutions-to-current-forex-challenges/

Some of the solutions can be found on those links..

But our leaders are not ready to fight this problem because some of them are benefitting from it...

Nazgul:
We would defeat Angola. We have the best defence in this tournament.

I want to disagree with you but honestly you are right oooo..their defence is organized especially that yesterday

doyin01:
Which wallet is this ?? Binance wallet ??


But If the screenshot is from your own binance wallet , it means you have 60 BNB on your binance wallet according to the screenshot you showed us here and you can convert it to dollars if the binance account belongs to you... 1 BNB is up to 300$ and above ..so 60BNB will be more than $18000...

And if the wallet is not yours , trust me you are about to be scammed , who will have $18000 and will go and tell you to withdraw it..??

If the wallet is yours, please do not reply any DMs here on nairaland that will claim that they want to help you withdraw it.. if you need help, just contact the binance customer care..simple...

The bolded though. ...na true sha

darthv:
you sound stupid.

If the rate increases to 5k get ready to buy things in the market 4.5times more expensive since Una no get sense.
See the kind people we get for that country.
Selfish lots

Shut up joor

I only stated my wish concerning the usd because I will make huge profits ,and omobola121 and doyin01 and other people too have made opinion against it and I perfectly understand their point of view and the points are valid even though I do not totally agree with all they said , I agree with most things they said.

Omobola121:
I have family members, friends and good neighbors around that are not earning in usd nor trading. How will they survive? The little profit i will be seeing in usd rising then will go to these people.

At the end only few persons will enjoy the rise in dollar! If you relax and think very well, you will see that the disadvantage is much more than the profit.

Then they should start trading crypto, who hold their hand ??

doyin01:
And you will buy bag of rice at 200k ?? Are you ready for that ?? Your bottle water will become 400naira..are you ready for that ?? Your spaghetti will become 3000naira , are you ready for that ?? Your petrol will become 2500naira per litre , are you ready for that ?? That choice of your car that is currently 3million will become 15million , are you ready for that?? That 10million that can be used to Japa will now become 50million to Japa , are you ready for that?? Smh

God will not even answer that your bad and stupid prayer...

Some of you don't even think about inflation at all. ..you just reason with your anus like that animal shouting above..Well that prophetstupid or what is his useless moniker or what his stupid name cannot think straight na..Shebi he is a scammer na and he won't care if dollars keep rising because that will not stop him from scamming..animal..

You don't even have the mind to quote me with your original moniker..ashiere

By then I will be also making profit of x5 so what are you saying

OgogoroFreak:
The more expensive usdt is, the more small profit means alot.

Na mumu that one be na..I pray the rate even gets to 5000naira sef

ecolime:
As much as I hate what Tacha said, I find the words of Solomon Buchi very distasteful.

He is a man for fck sake. He took the issue too personal and sounds like someone whom Tacha once denied a slice of her cookie.

Anyway, all of them are mad. Buchi, Tacha and Mummy Zee herself.

We have better things to worry about.

Awon werey

I swear

This doyin that is complaining of everyone selling dollar at a high price... you are talking rubbish.. My own prayer is that dollar should touch 2k before end of this year.. God go punish you or anyone if you all come and tell me I am praying a bad prayer....as if you won't sell at the price if you see the opportunity. Hypocrites..

He kept posting winning trades and talked how he keeps making money and asked people to join his WhatsApp group for his so called trading signals.. You said there is nothing bad in it.

Now the same YOU are claiming someone who is really making money will not have time to be creating WhatsApp group bla bla , what exactly is the colour of your problem..he creates a WhatsApp group..you said no wahala..now you are still complaining again of the same WhatsApp group...what is the colour of your problem ?

Bro stop confusing the thunder that will fire you.

GRACEGLORY:
😗
🎶🎼



We’re not all gamblers

Kudos to you !!!!

Superpack589:
I honestly do not want to continue this with you. You are senseless and useless in this thread. Just say amen to that and rest. This is a very important week in the Crypto industry and Your plan is to make this thread so rowdy that we will not be able to focus on what really matters. You are the devil.

This is my last post to you. E-diot.

Emotional blackmail won't work here MR SCAMMER aka silent reader...exposing anyone here is not disturbing the genuine ones on this thread....so focus on what you came to look for and stop jumping into mentions that has to do with scams....

princeSammyz:
I need bnb for gas fees. Do you recommend anyone?

NO !!!!

Rule number one...TRUST NO ONE

princeSammyz:
Wow. If there are people with reports of scam here, then why do the admins not do something about them?

Because some animals here on this thread will defend the person and claim you are only jealous of the person..They will tell you how the person do drop signals bla bla bla...and that he is not a scammer..that he adds value to the thread...and the case ends till he scams another victims again.....and the cycle goes on and on ...

princeSammyz:
You think he scammed me?

No he did not scam you.. he just wants to help you to keep the money...

Prophetkelly:
Condolences to your parents o

Very childish thing now editing post.

Na your papa and mama go die this year..that is if you still have one ..eleribu

Prophetkelly:
He is very stupid and he thought he is the only one that can insult reason why I'm replying him today.

He has never given out any tangible post here expects insults, noise and attacking people here and if you reply, he will turned it to using new moniker like it is papa that opened accounts for people here.

How can you be accusing someone because he refused to show his referral account and balance? Isn't that shallow? And still they already tagged him scammer and feeling boss on top it.

If you are useful here and at the same time, making noise, we will know that na your way but not the other way round.

Oga you are a scammer posting results that are not yours to lure people into your so called useless group outside nairaland...

Prophetkelly:
Part of your defence has always been someone using new moniker. How highly you think of yourself amazes me.

Oga they will keep exposing you and there is nothing you can do about it than to keep crying like you are doing already...

princeSammyz:
I sent you the cash for the 10$ worth of BNB yesterday. I'm still expecting the BNB. Kindly reply me on Whatsapp

Ghen Ghen

Superpack589:
You really do not have sense. Look what you have turned yourself into. You are receiving insults from multiple people and you keep claiming it is one person. So I go come Nairaland, log into another account just to reply you. Based on who wey you be? Guy no drive beta people comot here with this your poverty and jealous mentality o. Why I even replied you is because I will not sit back and watch some useless, irrelevant person chase away one of the few useful people here. If to say you get use here, I for no quote you but you are seriously useless. I have never seen you make any contribution here. Oversabi

Ladies and gentlemen , see how this idiot just exposed himself again and again..look the moniker I quoted where I made that comment but it is this moniker that is quoting me and replying to the comment...oh I guess he forgot to log out...

Prophetkelly:
I never knew they have started posting pictures here na. Facial animal. I get your time this evening and we go dig am together. Isn't better to be a silent reader than forming sensible reader here?

I don't have trades to give or signals. Why should I be making useless noise like you goat here.

But you don dey make noise for the past 30 minutes now na weyrey