₦airaland Forum

Forex is actually glorified gambling.......and a scam to a large extent.

And the brokers are the biggest scammers ever! I somehow found out one time that fxpro where actually the ones at the other side of my trade. Meaning that they were the ones selling the pair that we were buying themselves. It's just like playing a football match and your opponent is also the referee. That's why they go hunting for stop losses and also freeze the platform when you want to exit a profitable trade.

Smh

The only good thing I took away from forex trading over the years is the ability to read and analyze charts which I now use to trade Cryptos which I find far more easier than forex.

I would honestly advise begginers to stay far away from forex trading. There is a huge psychological difference between a demo and live accounts.

Is btc price action on daily chart a double top at 57k?

If it is......then i hope we're not on a long ride.

The dip has to get dipper before i enter again. Reason being that btc is honestly over-valued.

Cut your lose guys....now that it's still early.

#Not financial advise. Please do your own research.

SamJed:
My dad is a good man, intelligent, intellectual, and very influential everywhere he finds himself. Back in the village, they always consult him before taking decisions. Here in town, he is highly respected. Now this is the problem, as the days go by, it keeps dawning on me that people are looking up to me to "follow in his steps" as the first son. In fact, most people know me as " son of (his name)".

But I don't want to, I am a tech nerd, don't like gatherings, enjoy my solitude, very reserved. He always want me to "come out", see people, meet his friends, associate, and I very much dislike those.

Honestly, he has the connections to set things up for me, but I feel satisfied when I achieve things my way. I am sure he wants me to take over his business, and stuffs like that, but I am in no way interested in those.

While I am writing this is because, it's beginning to look like I am rebellious or stubborn. But I am not, I am just not interested in what may be termed "normal".

How do I go about this issue? I don't want to look like a bad son, but at the same time, I don't want to engage in what I derive no pleasure in.

Btw i should be done with my nysc by next year. So I need to take my decision fast.

I will refer you to the book '48 laws of power' by Robert Greene.

Please read and digest 'law 41' which says AVOID STEEPING INTO A GREAT MAN'S SHOES'.

What you seek is aptly explained there.

Ok

nnekaike:
I disagree with you!
Alt coins are not shitcoins,stop discouraging people from buying them,there are very good coins that with little money you can buy loads of it and when it rises even by just 20% you get good returns.

Bitcoin is not everything, since I have started trading I have never bought bitcoin and I can confidently say that I have made good money off the "so called shitcoins".

Newbies starting with small money,even 1m please, there are good Alt coins that will give you what btc will never give you with that amount.

Read and do Lot's of research,have Lot's of Patience, learn to take profits and don't be greedy, Buy the rumor,sell the news.

Where did i discourage people from buying altcoins?? I said i DON'T HOLD THEM FOR MORE THAN 48 HOURS!!! I buy them and i try my best to sell same day........at most next day and i never trade them without a stop loss. Don't be too quick to respond.

......and yes most of them are shitcoins to me.

Goahead:
Thanks very much. I hope this isn't a newbie question, but isn't now the right time to buy coins for holding as it's currently cheaper?

Yeah........buying the dip is one of the easiest strategies (if you're sure it ain't gonna dip deeper)

However being good in this hustle requires a lot of reading and research. I do not believe in recommending a coin for anyone.........just do your own research and trade at your own discretion.

But you must know that these coins move in groups and most actually look up to bitcoin and follow the trends of bitcoin. For some of us, aside bitcoin, all the other coins are shitcoins and the prices can actually go to zero. That's why the number 1 rule for me is; ''thou shall not hold a shitcoin". The most i can stay in a trade of a shitcoin is 48 hours(with a stop loss). I held bitcoin for 9 months last year.

So, study this trade and the hustle may actually be quite interesting to you.

Goahead:
Hello guys, good morning to you all. Which coins do you suggest I buy now and which wallet and exchange pls.

Open an account with Binance (learn how on youtube)

Transfer Usdt to your wallet.......but as a newbie, i highly advise you shouldn't trade yet. The streets are currently painted with blood . Believe me you'll have more fun losing money in a casino.

Use this time to study the crypto market. There are lots of materials online, and when you know what you're doing.....this hustle actually pays very well

Nose Pierce

Smileall:
please, somebody help!!!!
which coin should I buy

Don't buy any coin for now. Leave your money in ustd or busd. Wait unti btc crosses the resistance at 57k/58k or dips near psychological support of 50k.

My opinion though
#DYOR

Dead on arrival.

Just one call from the caliphate will make him shiver and reverse that stupid order.

Please guys what is the best way to withdraw us dollars from Binance considering the Cbn ban?

I have BUSD in my binance account. Please what do i do?

Is he going to spend 100 million naira?

It's been a blood bath today, but I'm very optimistic that we'll see a long green tomorrow.

frank417:
Solana doing pretty good in this fall

Sol is down almost 12%.

I got my eyes on ADA and Sushi. But i'm just too scared to enter again

C'mon guys......let's be using tight stop loss below strong support in these times.
If you can't use stop loss, then learn to cut your losses quickly. Live to fight another day.

This is because the truth is that no matter what the 'experts' say it seems to me we're heading to a bear market. I hope I'm wrong. But cutting your losses quickly or using a well placed stop loss may be the way to go now

Miyachi:
No, banks are not in any problem. Bitcoin has terrible UX. Transaction charges are higher that what you would pay locally at your bank for transfers. Where it shines is in it's decentralization which makes it censorship-resistant -- nobody can block your account or stop you from sending money to anybody. The sad thing is not many people have use for that feature so Nigerian banks are safe, or would you keep your life's saving in BTC?

Transaction fees for btc is actually lower than local bank transfer.

And yes, I can keep my life savings in bitcoin. Infact, I currently have about 90% of my entire savings in btc since march 2020. A lot of people I know do too. This is mainly because our naira is in a free fall.

Some of us traders don't actually see btc as a currency..... but mainly as a hedge against inflation. Our naira is almost worthless and even the Us federal reserve is printing dollars like crazy.

Either fake news or Yahoo people

Point of correction; not all the zones have gone for 2 times. Enugu west has only been able to produce Sullivan Chime as governor and no one else.

Christian Onoh is from ENUGU EAST. His side of hometown of Ngwo is under ENUGU NORTH LOCAL GOVERNMENT AREA which falls under ENUGU EAST SENATORIAL ZONE.

Having said that, it is quite certain that Enugu west has been grossly sidelined in this rotation. So in the spirit of equity and fairness, the incoming governor should be a competent man/woman from ENUGU west.

Enugu north has been there 2 times.
Enugu east has been there 3 times.
Enugu west has only gone once.

Let us be fair and just in this....so that we can maintain the present peace in our state and not return us back to the dark years of political thuggery and violence.

I did not invest cos I knew it was a Ponzi.
But coming here to mock people that invested is quite unnecessary. We all make mistake.....and I believe they have learnt their lesson.

BTW, the reason I didn't invest was because of my experience during MMM . Provided help.....got nothing in return. 300k vanished into thin air. When I remember it, my heart go dey do me somehow.

Yeye contri

This nonsense NSE is what the stuppid old men want us to abandon crypto for.

I dey laff

meobizy:
Online Dangotes are here again. Yet one will see them camping in giveaway threads using alternate accounts.

lol

Your mindset would keep you poor forever if fail to change it. You better start researching and learning the act of investing now that you're still young before it's too late.

Many Nigerian youth you see in this country are only here physically....... their spirits are in a highly developed country cos the world is now a global village.

Many people are making tons of money online whether you want to believe it or not.

jumper524:
china, Canada are not in shambles?
they also banned Bitcoin.

China did not ban crypto.....only regulated.

Canada banning crypto? In your dreams

ok

Why don't you also quote the CURRENT RICHEST MAN ON EARTH? Elon 'the freaking' Musk

Many billionaires are keying into bitcon. Buffet is old school......we won't listen to him. While he's still hating for being late to the party......., dogecoin made me some cool mula last night thanks to Elon Musk and Snoop Doggy pumping it..........and then today, we learnt that tesla just invested 1.5billion dollars in bitcoin. These are great times

Let the idiots here continue banning. We move.

Converted my dogecoin back to btc right now.

Thanks a lot doge for the 2.3 million yesterday. Still can't believe it

Esseite:
Atiku is just chasing clout... CBN took the best decision.

Unregulated Crypto currency is a lazy investment that tilts more on outflow of FX rather than inflow.. it is death sentence to import dominated countries.

E.g- I buy bitcoin with N10m that would be domiciled in source Nation(not Nigeria).. if it rises in 1 year by maybe 10%, I may have gained 1m as an individual, but I have starved my country economy of recycling my 10m if it was domiciled in a Nigerian bank or invested into the society which could have produced more than 10% while creating jobs.. note as an import dominated nation, the chance of loosing that 1m as another escaped forex is 95% on foreign goods while 5% I may spend on local food.

The Nigerian greed for small margins has blinded a lot of people, imagine Crypto currency trading far beyond your indigenous Stock exchange and some feel it's okay

You think you're smart....but you're just stupid and evil.

Many of the physical companies in Nigeria that you're speaking for are actually migrating to digital currencies. This is because no serious investor would invest in a country overrun by rampaging herdsmen. Insecurity is a major hindrance and that's what a reasonable govt will like to solve first.

You're talking about our stock market and I ask you: do you have any stock portfolio in NSE?? Have you ever traded the stock market in this country? Are you aware that companies like Gtb and many others have run to get listed in London stock exchange. Oga, the first bank shares that I bought for 250k since 2009 as a student has not yielded a kobo till date. My 600k in bank phb shares vanished into thin air when frank atuche was sacked and the bank nationalised by sanusi.

Why then would I not be sensible after this experiences and invest in a good investment like Cryptos??

You call it a lazy investment but many of us here only trade this as our only source of living. You trying to tell me that you and the cows in power are smarter than all the developed nations in the world who just regulate and tax btc instead of banning it.

You think you're smart. You're not..... you're just demonic

lie lie people

Bought bitcoin with all the money in my bank account around April/may when it was trading at $9,500.

Today, to the glory of God, the price of bitcoin is around $27,000.

I've not exited my trade yet .....I'm a greedy somebody

Open your pineal gland (third eye) at your own peril.

This thing should not be toyed with especially if you've had a lot of bad thoughts and imaginations in your life.

If you're bad person don't open your third eye cos spirits go torment you tire.

Ok

The hoodlums are in sifia pain here in oshogbo

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