Fastt:
I will soon be talking about all these online bank, opay and co. A simple SQL request by the government to simple weed out Nigerian counterparts Manipulators

BVN, Nin, crypto exchanges, passport, thumb prints, online banks opening left and right, onshore bank etc. The government has every right to these data, get them, make a query on them , regulate the economy. Not so simple,that's where you need data analytics. Read the data, you get your solution. The world is changing, and too fast, you need to appoint technical ppl in these delicate positions.

you think real life is a movie those fintechs, social media companies have more accurate data on you than the government does.

I thought the government said linking nin to your line will help stop kidnapping

I really don't believe binance & co are even d problem here. THESE exchanges are extremely easy to control for d government.

Even if let's say today we ban all of them, we would only slow down d fall of our dear naira 4 a few weeks b4 it starts drilling to depth of hell at astronomical speed.

The solution is simply really, continuously make dollar available for a year at stable price, wether 1k,1,5k or 2k. Whatever d price, just make it stable & easy to access. BDC go disappear, Binance & co would also force to adjust.Trust me, Nigerians would even loose interest in $$ after a few months of stability.

iLegendd:
HOW CAN BINANCE HELP PROTECT THE NAIRA FROM FALLING DRASTICALLY IN PARTNERSHIP WITH THE GOVERNMENT?

Here is the solution.

The govement should secretly get involved in crypto, especially P2P on Binance.

There should be at least, 50 accounts owned by the government and no outsider should have a clue. Some should be verified merchants, some unverified.

The first 10 accounts should set trades that don't go past 1800-1850 per Dollar.

Here is the trick, they should have restrictions of 1-5 Bitcoins. This means, for you to buy from them, you must have at least 1 BTC, which is around $50k plus or minus.

This means, lots of Nigerian P2P buyers won't be qualified. This is just a trick to help keep that price range at the top of P2P home page.

These 50 government secret accounts should occupy the first page of P2P. They should vary their prices and restrictions so that a common man can afford to buy from some of them.

Also, these people should be buying from one another so that the money will keep revolving around them just to make sure they stay at the top of the page.

This first P2P page has so much influence on other exchanges. They use this as their yardstick.

Even if sellers in other exchanges increase, they don't deviate much from the top 10 prices on Binance.

So, the government should own this top 10-50 P2P accounts so that they will dictate when to increase it a little or reduce, else, the other hungry billionaire manipulators will take over and the Naira will fall faster.

In summary, the government can control P2P with brain and not just by telling Binance to put a limit cap. With a cap, a lot of people will run to exchanges without a limit and the battle of the fall may continue.

So, with $100 million, the government can achieve this. Control the Naira black market (not general crypto market) without people noticing you're the one doing it.

To those who love to argue, take a deep breath—don't turn this to a fight, but give your suggestions or constructive criticism.

This is just one of the measures.

Why would u make 1800-1850 as a yard stick. Use another example of say $750-$850. Mere speculation and manipulation took us off from that price point to where d price is today and not economic factors.

Naira gaining

Sell pressure has started on Binance spot. Who are those selling?(manipulating)

Fastt:
Sell pressure has started on Binance spot. Who are those selling?(manipulating)

Obviously the government. They might drop the price to N1500 by this weekend.

Fastt:
Sell pressure has started on Binance spot. Who are those selling?(manipulating)

See fall as noise of banning intensifies, see pure manipulation...damn

Now that the dollar has crashed on Binance P2p, will it not crash in the open market?

Will Bdcs operators still be selling 1800?

Someone help me answer this question

Bullish99:


See fall as noise of banning intensifies, see pure manipulation...damn

Just look at this sh1t.

CZ should have a case to answer.

Which kind of manipulation is this

Allthelight:
Do not joke with the people controlling the financial market

these people can make you broke if they want to.

Allthelight:
you think real life is a movie those fintechs, social media companies have more accurate data on you than the government does.

I thought the government said linking nin to your line will help stop kidnapping

They have the data, Nigerian government can demand for these data. They have no right listing usdt/ngn on spot without the approval of the government and proper regulations.


I don't talk much on p2p, but the binance spot. Let them clamp that one first, then go after the big purchase on p2p. It's easy to catch since their account with bnv/nin is linked directly.

Some of us are not saying these things so that the government bans Crypto in Nigeria… we are saying it as a simple observation and if anybody the government inclusive can be objective enough, they would see it. The only concern is if they would tackle it intelligently not threaten to shut down crypto.


I actually feel bad that I didn’t sell some of my usdt at the peak of 1800 … I was really confused and not sure if we were gonna go up or down … I saw the fuds in the afternoon but couldn’t make up my mind to sell .
Nobody can win the government ever in this life: the possess both the ideological and coercive apparatuses of the state. Once they decide to go against anything, 80% chance that thing goes down.


Let’s see how it plays out going forward

Fastt:


Just look at this sh1t.

CZ should have a case to answer.

Damn man !!!! That’s some stunt

Bullish99:


Why would u make 1800-1850 as a yard stick. Use another example of say $750-$850. Mere speculation and manipulation took us off from that price point to where d price is today and not economic factors.

That is kind of true, but I would either prefer 500/$ or 1000/$ so that I won't be doing too much mental calculation. When I give you $1.00, I know I gave you ₦1000. This way, I'll feel like our money has same power as the Dollar.

Mentally, I still consider $1.00 as ₦1k. So, if I dash you $100, in my mind, I gave you ₦100k.

Also, even if we go back to the price you mentioned, market women and people with old stock will never reduce price. Who loses? Dollar holders.

If I was arguing as a lawyer, the events of tonight will help me prove a case of manipulation on Binance. No further arguments

Tsfari:
Now that the dollar has crashed on Binance P2p, will it not crash in the open market?

Will Bdcs operators still be selling 1800?

Someone help me answer this question

Just calm down. What goes up in Nigeria goes up. If it goes down, give it 1 week, 2 weeks or some months and it will get worse when going back up.

As long as Nigeria is ruled by dishonest, greedy and corrupt people or the president is surrounded by corrupt people, don't trust their measures. It's always temporary. If you panic and sell your Dollar, you'll rebuy when it's 2k/$. GUARANTEED!

Tsfari:
If I was arguing as a lawyer, the events of tonight will help me prove a case of manipulation on Binance. No further arguments

Also the rapid increase of BnB? To watch...who is pumping BnB, with what?

SIXFEETUNDER:


Create telegram group send link make we join

No. This is perfect as it is.

Fastt:


They have the data, Nigerian government can demand for these data. They have no right listing usdt/ngn on spot without the approval of the government and proper regulations.


I don't talk much on p2p, but the binance spot. Let them clamp that one first, then go after the big purchase on p2p. It's easy to catch since their account with bnv/nin is linked directly.

price of coins are manipulated all the time and it is ilegal even in the u.s but their is a difference between manipulating price and buying a product.

It is not ilegal to buy thing, they can go after those manipulating the price but asking for the data of all those who trade currencies is illegal by law...

And shows dictatorship good luck asking for the data from those companies tho.

I would have preferred a gradual drop than this. This kind of drop isn't sustainable

So na VPN we go use access bina.nce ND other exchanges

I'm still holding my funds dere tho

Guys what's happening

iLegendd:
Just calm down. What goes up in Nigeria goes up. If it goes down, give it 1 week or 2 and it will get worse when going back up.

As long as Nigeria is ruled by corrupt people or the president is surrounded by corrupt people, don't trust their measures. It's always temporary. If you panic and sell your Dollar, you'll rebuy when it's 2k/$.

Sure bro… just that I was really anticipating this retracing and planned to trade it… however I felt the retrace will happen when we have touched 2k/ usd… I’m never gonna sell my usdt … but if I had sold at 1800 and rebought at this stage, I will have more usdt before we go up again which is sure as death .

Allthelight:
price of coins are manipulated all the time and it is ilegal even in the u.s but their is a difference between manipulating price and buying a product.

It is not ilegal to buy thing, they can go after those manipulating the price but asking for the data of all those who trade currencies is illegal by law...

And shows dictatorship good luck asking for the data from those companies tho.

There is nothing illegal here, if there is a case of money laundering, fraud, sponsorship of war, terrorism etc, you will get flagged. It's a standard all over the world. That's why we have regulations. if you want to remain anonymous, by all means buy monero.

Except some government officials are behind this? This one military dictators are taking over African countries and blocking their bank account, is this another way of the government official having a backup plan?

Abdullah36:
Guys what's happening

the USDC is crashing

Fastt:


There is nothing illegal here, if there is a case of money laundering, fraud, sponsorship of war, terrorism etc, you will get flagged. It's a standard all over the world. That's why we have regulations. if you want to remain anonymous, by all means buy monero.

Except some government officials are behind this? This one military dictators are taking over African countries and blocking their bank account, is this another way of the government official having a backup plan?

good luck with that.

Erums:
Crypto, i wan to get involved

Okay...follow this thread and read...whatever you are curious about, search on Google, use AI, and watch YouTube videos...then learn investment and strategies you can use. Make the X platform your friend. As you journey along, you will know those to follow.

The volatility of Naira has increased

Horluwahighdee:
The volatility of Naira has increased

even if they do any major thing it will take a long time before it can be effective they know

So in the end binance p2p crashed the ngn currency again. And aome people are saying bi/nance is not the coz of Dollar manipulation.

The volume tells the story in trading.

The other time CZ posted Nigeria flag the naira crashed.

Also it was only on binance that russia currency was getting bad before binance was terminated in Russia.

Same binance liquidated SBF .... There's more to crypto than your emotions.

Fastt:


There is nothing illegal here, if there is a case of money laundering, fraud, sponsorship of war, terrorism etc, you will get flagged. It's a standard all over the world. That's why we have regulations. if you want to remain anonymous, by all means buy monero.

Except some government officials are behind this? This one military dictators are taking over African countries and blocking their bank account, is this another way of the government official having a backup plan?

.


You can't control the economy by being a dictator. It will fail