I think we are really making a gross mistake of just classifying all the possible crypto coins as highly volatile without fundamentals. I know it's tempting to do that, but even the so called stocks market in Nigeria, I've seen you people say you won't touch some stocks even with a 6 foot pole.

And yes I respect you a lot when it comes to naira denominated instruments. But your analysis on foreign assets is still very much in it's infancy compared to tested and mature investors like Cathie Wood.

Please let's not litter this thread with cryptocurrency convo anymore, I'm a culprit too sha

emmanuelewumi:
When the margin call was made, I lost all I have made and was in a loss position. Thank God I changed my car, bought some plots of land, charity and bought finance, marketing books and did post graduate studies in business with part of the funds. That was my only gain

Thank God for the person who was to buy my car but disappointed, he didn't pay as promised.

If he had paid, I would have speculated with the fund.


All things work together for good

OgogoroFreak:
I don't discuss or analyze crypto. I only buy and keep bitco1n. Any other coin no concern me. I got very lucky with bitco1n during lockdown when i decided to lock my funds in it to escape Naira devaluation. So, my method is simple. Nothing to discuss or analyze. I am not a crypto expert.

You want to say you wey dey laugh people wey put all their money in MBA and other ‘forex’ investments, just took your entire net worth and invested in bitc0ins that you do not understand jack about just because you wanted to escape Naira devaluation? And then you now got ‘lucky’ and made close to a million dollars in profit. Hahaha. Na so

This is why I love Nairaland Aka Dreamland.

Congrats on your ‘luck’

emmanuelewumi:
When the margin call was made, I lost all I have made and was in a loss position. Thank God I changed my car, bought some plots of land, charity and bought finance, marketing books and did post graduate studies in business with part of the funds. That was my only gain

At this time you were obviously not diversified. In the crypto world we have some coins called shit coins, these are the coins people are not supposed to even think of having, but newbies buy them because they can 800x just like you did. At the current stage of BTC, ETH, BNB, NANO they cannot 800x. Newbies go around buying only shit coins and then come to cry fowl that they got burnt.

In the first place, don't put more than 20% of your funds in crypto. Then don't put more than 5% of that in shit coins. They will put their life savings in shit coins and come here to start crying.

Crypto has come to stay but it will forever remain a volatile asset. If you have the temperament and knowledge required, go ahead but for the average investor that is above 40 with not too robust reserve, it's best to avoid it.
Anyway, I lost money in 2008 to the stock market so I know how it feels to lose your hard earned money. Thankfully made it back last year and ploughed it to real estate.

emmanuelewumi:
When we convert N1 million to N10 million out of thin air or from highly volatile assets that has zero cash flow, it is natural to think one is a genius or a guru, we are tempted to take more risks, become optimistic and reckless.

The greatest Investment and risk management lessons are learnt when the N10 million evaporates and turns to 500k. At this point we become sober and humble, while some will become agressive or depressed.

Only an idi0t would know that an asset is highly volatile and still not cashout atleast their ₦1m capital or upto ₦7m when their ₦1m grows to ₦10m. By so doing, they will never loss a dime with the highly volatile asset.

^^^ That is exactly what I did. So, even if bitco1n becomes worthless tomorrow, I loss nothing.

OgogoroFreak:
Only an idi0t would know that an asset is highly volatile and still not cashout atleast their ₦1m capital or upto ₦7m when their ₦1m grows to ₦10m. By so doing, they will never loss a dime with the highly volatile asset.

^^^ That is exactly what I did. So, even if bitco1n becomes worthless tomorrow, I loss nothing.

I swear the person has to be excruciatingly dumb to not cash out profit, even if na 50%

OgogoroFreak:
Only an idi0t would know that an asset is highly volatile and still not cashout atleast their ₦1m capital or upto ₦7m when their ₦1m grows to ₦10m. By so doing, they will never loss a dime with the highly volatile asset.

^^^ That is exactly what I did. So, even if bitco1n becomes worthless tomorrow, I loss nothing.

Yes indeed!

Lazyyouth4u:


You want to say you wey dey laugh people wey put all their money in MBA and other ‘forex’ investments, just took your entire net worth and invested in bitc0ins that you do not understand jack about just because you wanted to escape Naira devaluation? And then you now got ‘lucky’ and made close to a million dollars in profit. Hahaha. Na so

This is why I love Nairaland Aka Dreamland.

Congrats on your ‘luck’

My entire net worth? This guy no serious o.
You must think I'm silly. Are silly people active on this thread?

First, I have a good business.

Lazyyouth4u:


Yes indeed!

I have said this before. Not now.

OgogoroFreak:
Only an idi0t would know that an asset is highly volatile and still not cashout atleast their ₦1m capital or upto ₦7m when their ₦1m grows to ₦10m. By so doing, they will never loss a dime with the highly volatile asset.

^^^ That is exactly what I did. So, even if bitco1n becomes worthless tomorrow, I loss nothing.

Speculation is gambling. Gambling is addictive .


Ololo the biggest margin trader was indebted to banks to the tune of about N120 billion in 2008.


He started with a trading capital of about N5 billion.

You cash out and go back again, it requires discipline and humility to believe the money made was due to luck. The tendency is to think it was due to our strategy, knowledge, skill, tools etc

OgogoroFreak:
My entire net worth? This guy no serious o.
You must think I'm silly. Are silly people active on this thread?

First, I have a good business.

Okay. I hear you sir!

Tobex4realTobex234:


At this time you were obviously not diversified. In the crypto world we have some coins called shit coins, these are the coins people are not supposed to even think of having, but newbies buy them because they can 800x just like you did. At the current stage of BTC, ETH, BNB, NANO they cannot 800x. Newbies go around buying only shit coins and then come to cry fowl that they got burnt.

In the first place, don't put more than 20% of your funds in crypto. Then don't put more than 5% of that in shit coins. They will put their life savings in shit coins and come here to start crying.

Never mentioned crypto, did I?

I said money made of thin air, from highly volatile assets that do not generate cash flow

It can be commodities, real estate, shares, currency etc

Someone once shared a statement a man told him, the man said' A gambler always loses'
If a gambler had a bet with 10 naira and won 20 naira, he would feel bad and would wish he had bet with 1million to win 2million,and if he had lost, he would also feel bad.
If you bought crypto at 20k and sold at 49k,didnt you feel bad when it got to 65k?

Lazyyouth4u:


Okay. I hear you sir!

You can choose to doubt anything. But no one is here to impress you or anyone else. The money wey I get, na my own. The one you get, na your own.

I am here strictly for knowledge. Not some asinine and puerile discussions/arguments

OgogoroFreak:
You can choose to doubt anything. But no one is here to impress you or anyone else. The money wey I get, na my own. The one you get, na your own.

I am here strictly for knowledge. Not some asinine and puerile discussions.

To tell you the truth in plain language. I find it ridiculous that you keep preaching invest in bitc0ins here everyday when you do not know jack about it.

I also find it bizarre that you claim to have made over 300m in less than a year in profits alone in bitc0ins when you do not know anything about the workings of bitc0ins. To make that much means you invested big money. Who invests big money in what they know nothing about?

I seriously doubt that you are a real bitcoin investor with lots of money invested as you claim and I do not think you should be pushing anyone to invest in something that you have not invested big in and know very little about. That is just cold and heartless!

Bickering up and down on crypto.
Invest in what you know. Always seek for knowledge,it's gives power(edge).

Anyone who trades and understand charts, should know that the drop in bit.coin was eminent.
Check the chart from 4h to D1, that drop was coming.
But no, they expect bit.coin to keep checking going up as if it is rocket, on a space mission.

When it comes to forex, crypto, these are highly volatile market, that needs experience.
As the saying goes, "HIGH RISKS, HIGH REWARD".

Lazyyouth4u:


To tell you the truth in plain language. I find it ridiculous that you keep preaching invest in bitc0ins here everyday when you do not know jack about it.

I also find it bizarre that you claim to have made over 300m in less than a year in profits alone in bitc0ins when you do not know anything about the workings of bitc0ins. To make that much means you invested big money. Who invests big money in what they know nothing about?

I seriously doubt that you are a real bitcoin investor with lots of money invested as you claim and I do not think you should be pushing anyone to invest in something that you have not invested big in and know very little about. That is just cold and heartless!

I know you are the king of theory. People like you would first go and study blockchain technology first because you want to buy bitco1n. I AM NOT A THEORY MAN.

I have been using bitco1n to make payment in darknet and also received payment for years. Infact I started with liberty reserve and lost some money in it when LR was shut down by fbi. I moved to perfect money and bitco1n then I stick to bitco1n.

I repeat, my intention last year was not to "invest" in bitco1n. My intention was to escape Naira devaluation by keeping my money in bitco1n. Because we were in lockdown, my businesses were closed and I have lots of Naira available plus Naira just started losing its value to USD so I had to do something really fast. If tbills rate was reasonable then, the money would have been locked in it.

During that lockdown, if you had put just 20m in bitco1n, it would had fetch you that 300m. I put more than that in bitco1n.

1bitco1n was worth around $4k - $5k then. It rose to $60k. Such percentage increase has never been seen in the history of bitco1n. So for me, it is pure luck. Not a calculated attempt to invest.

So, one thing we can't take away from Emma and other active members here- their analyses and ideas based on practical experiences are top-notch. That said, I agree with Lazyyouth on being guided with how we paint this Crypt0 narrative, I.e., by just putting money and wait for it to rise without understanding the intricacies that shape the market. However, this investment through blockchain hasn't been unpacked enough. Tobex and Jedisco/jidesco, would it be okay to quote you on a dead thread for more info? Thanks.

Lazyyouth4u:


To tell you the truth in plain language. I find it ridiculous that you keep preaching invest in bitc0ins here everyday when you do not know jack about it.

I also find it bizarre that you claim to have made over 300m in less than a year in profits alone in bitc0ins when you do not know anything about the workings of bitc0ins. To make that much means you invested big money. Who invests big money in what they know nothing about?

I seriously doubt that you are a real bitcoin investor with lots of money invested as you claim and I do not think you should be pushing anyone to invest in something that you have not invested big in and know very little about. That is just cold and heartless!

Why are you doubting?. Is your name 'Thomas'?. Doubt no more as miracles do happen and 'audio' money still exist.

emmanuelewumi:



Speculation is gambling. Gambling is addictive .


Ololo the biggest margin trader was indebted to banks to the tune of about N120 billion in 2008.


He started with a trading capital of about N5 billion.

[b]You cash out and go back again, it requires discipline and humility to believe the money made was due to luck. The tendency is to think it was due to our strategy, knowledge, skill, tools [/b]etc

Fooled by Randomness by Nicholas Taleb is a good book to read to develop this necessary humility.

OgogoroFreak:
I know you are the king of theory. People like you would first go and study blockchain technology first because you want to buy bitcoin. I AM NOT A THEORY MAN.

I have been using bitcoin to make payment in darknet and also received payment for years. Infact I started with liberty reserve and lost some money in it when LR was shut down by fbi. I moved to perfect money and bitco1n then I stick to bitco1n.

I repeat, my intention last year was not to "invest" in bitco1n. My intention was to escape Naira devaluation by keeping my money in bitco1n. Because we were in lockdown, my businesses were closed and I have lots of Naira available plus Naira just started losing its value to USD so I had to do something really fast. If tbills rate was reasonable then, the money would have been locked in it.

During that lockdown, if you had put just 20m in bitco1n, it would had fetch you that 300m. I put more than that in bitco1n.

1bitco1n was worth around $4k - $5k then. It rose to $60k. Such percentage increase has never been seen in the history of bitco1n. So for me, it is pure luck. Not a calculated attempt to invest.

You can call me a theory man or whatever you want to. Na you sabi. One thing I know sha is that I can smell BS from a mile away. You think you are talking to children here?

Let me tell you something. And I’m sure you know this and are just trying to save face because you know you have been found out. No rational person stakes a huge amount of money or his net worth in an investment without doing thorough research into it. Especially something as new and complex as bitc0ins.

Everyone I know who has invested good money in that asset class knows it in and out. Trust me on that. You think Jedisco knows all he knows because he’s a professor? No. He knows because he did his homework on an asset class he has invested in. You think Oga Emma is a professor because he knows the stock market well? No. He is a true investor and does his homework.

Anyway, this is Nairaland where all dreams come true. Keep dreaming but please do not push anyone to go into bitc0ins when you clearly haven’t. At least not big time as you claim. Leave that to the true investors and continue your normal trolling on the pages of Nairaland. Mr ‘I have a very good business’....

Lazyyouth4u:


You can call me a theory man or whatever you want to. Na you sabi. One thing I know sha is that I can smell BS from a mile away. You think you are talking to children here?

Let me tell you something. And I’m sure you know this and are just trying to save face because you know you have been found out. No rational person stakes a huge amount of money or his net worth in an investment without doing thorough research into it. Especially something as new and complex as bitc0ins.

Everyone I know who has invested good money in that asset class knows it in and out. Trust me on that. You think Jedisco knows all he knows because he’s a professor? No. He knows because he did his homework on an asset class he has invested in. You think Oga Emma is a professor because he knows the stock market well? No. He is a true investor and does his homework.

Anyway, this is Nairaland where all dreams come true. Keep dreaming but please do not push anyone to go into bitc0ins when you clearly haven’t. At least not big time as you claim. Leave that to the true investors and continue your normal trolling on the pages of Nairaland. Mr ‘I have a very good business’....

Bitco1n is a payment system. That's how most of us see it. It became widely used mostly in darknets when LR was shutdown.

You think Hushpuppi and the other guy arrested with him know all these theories about Bitco1n you are talking about?

At this point, I have stop arguing with you. I know you are against every investment on this thread. I will leave you to believe anything that makes you feel better. You can even choose to believe that no human is making money on earth sef. Na you Sabi.

OgogoroFreak:
Bitco1n is a payment system. That's how most of us see it. It became widely used mostly in darknets when LR was shutdown.

You think Hushpuppi and the other guy arrested with him know all these theories about Bitco1n you are talking about?

At this point, I have stop arguing with you. I will leave you to believe anything that makes you feel better. You can even choose to believe that no human is making money on earth sef. Na you Sabi.

The more you try your best to prove that you are an actual investor in bitc0ins, the more stupid you sound to be honest. All you have ever said is that it’s a payment system. That’s all you know and then you put your net worth in it to beat devaluation? Nicca please...

The fact that you are asking me if Hushpuppy knew about bitc0ins further proves that you know absolutely nothing about investing in it. So you are comparing a criminal looking for how to move stolen funds to an investor looking to put his money to work? Oga just rest and stop making a fool of yourself.

Point of correction, I am not arguing with you. I know for a fact you are not a big time investor in bitc0ins as you claim. I am only telling you to stop pushing people to invest in something that you haven’t invested big in and know nothing about. It makes no sense!

Lazyyouth4u:


The more you try your best to prove that you are an actual investor in bitc0ins, the more stupid you sound to be honest. All you have ever said is that it’s a payment system. That’s all you know and then you put your net worth in it to beat devaluation? Nicca please...

The fact that you are asking me if Hushpuppy knew about bitc0ins further proves that you know absolutely nothing about investing in it. So you are comparing a criminal looking for how to move stolen funds to an investor looking to put his money to work? Oga just rest and stop making a fool of yourself.

Point of correction, I am not arguing with you. I know for a fact you are not a big time investor in bitc0ins as you claim. I am only telling you to stop pushing people to invest in something that you haven’t invested big in and know nothing about. It makes no sense!

What exactly do you think people should know about bitco1n before it becomes possible for them to make money from it?

OgogoroFreak:
I don't discuss or analyze crypto. I only buy and keep bitco1n. Any other coin no concern me. I got very lucky with bitco1n during lockdown when i decided to lock my funds in it to escape Naira devaluation. So, my method is simple. Nothing to discuss or analyze. I am not a crypto expert.

Why you dey answer that low life little boy that still gets feed on her sister stipends. If you analyse b1tcoin now, ha him go still say you are promoting it and trying to get people involved. Na the millions you earlier mentioned dey make am feel unsettled

At the mentions of millions here dey always scatter your head little boy. Better go get some work and start saving towards your imaginary dreams and stop storing in your empty skull every mentions of million here

Lazyyouth4u:


Oga, you claim to have millions in bit.coins and infact at one point claimed to have made close to a million dollars in profit alone. Na so

But I have never seen you actively discussing and analyzing crypto like someone that is really into it. Do you see how passionate Jedisco and Tobex are? They know that asset class very well and you can tell that they are investors. As for you, you have NEVER EVER gone into any deep and/or technical discussion or tried to really educate people here about the asset class. Na just to dey tell people to invest in bit.coins everyday with no basis.

Oga, please don’t push people to make mistakes that they will end up regretting just because this is an anonymous forum that a gardener can be a billionaire (or anything he dreams of being). Some stupid people still blindly follow things that they read here.

If you are going to keep doing that, why don’t you start by teaching folks how it really works as an experienced battle tested investor with millions of dollars invested in bitc0ins that you claim to be?

You really don't need all these explanations in a public domain.

It matters little or nothing if you actually invested or have the said money; It won't affect his life. So, why the long explanations?

Your heart and God bear you witness whether or not you're lying.

He, on the hand, can choose to believe what he wishes.

OgogoroFreak:
I know you are the king of theory. People like you would first go and study blockchain technology first because you want to buy bitco1n. I AM NOT A THEORY MAN.

I have been using bitco1n to make payment in darknet and also received payment for years. Infact I started with liberty reserve and lost some money in it when LR was shut down by fbi. I moved to perfect money and bitco1n then I stick to bitco1n.

I repeat, my intention last year was not to "invest" in bitco1n. My intention was to escape Naira devaluation by keeping my money in bitco1n. Because we were in lockdown, my businesses were closed and I have lots of Naira available plus Naira just started losing its value to USD so I had to do something really fast. If tbills rate was reasonable then, the money would have been locked in it.

During that lockdown, if you had put just 20m in bitco1n, it would had fetch you that 300m. I put more than that in bitco1n.

1bitco1n was worth around $4k - $5k then. It rose to $60k. Such percentage increase has never been seen in the history of bitco1n. So for me, it is pure luck. Not a calculated attempt to invest.

Guy abi na babe you be, your own too much sef.

First, did s/he mandate or enforce anyone to invest in cryp.to?

It was simply a subtle and dismissible advice on a public group.

Why do you think any adult would blindly take an unsubstantiated investment advice and part with his/her money without any due diligence? Anyone who does so should be ready to take responsibility for the result (positive or negative).

From your trail of responses, it's obvious that you were more interested in the genuineness or otherwise of his acclaimed funds and profit making from cryp.to. I wonder how that affects your financial status.

Perhaps, you are a victim of unsolicited, random investment advice that have gone wrong, as it seems you want it take it on him/her.

Let's all understand that this is a public domain and everyone has equal right to express his/her experiences and opinions without infringing on others.

Lazyyouth4u:


The more you try your best to prove that you are an actual investor in bitc0ins, the more stupid you sound to be honest. All you have ever said is that it’s a payment system. That’s all you know and then you put your net worth in it to beat devaluation? Nicca please...

The fact that you are asking me if Hushpuppy knew about bitc0ins further proves that you know absolutely nothing about investing in it. So you are comparing a criminal looking for how to move stolen funds to an investor looking to put his money to work? Oga just rest and stop making a fool of yourself.

Point of correction, I am not arguing with you. I know for a fact you are not a big time investor in bitc0ins as you claim. I am only telling you to stop pushing people to invest in something that you haven’t invested big in and know nothing about. It makes no sense!

Lazyyouth4u:


Okay. I hear you sir!

Sucker, you've started this your jealousy again mofo. Why do you always believe people lie when they *unintentionally* mention their worths, without promoting any business here, because you are a spoon fed and a low life boy and never can imagine someone can amass such wealth. Theories you knows and that you should stick with, don't try to get words from people here so as to tap into their finances by being a snitch. Everyone here needs to be wary of you, the way you store up thier infos in that your deranged brain