₦airaland Forum

Which of y'all are watching GOAT. I'm tempted, but need to discharge some of my shitcoin before entering. Just watching that modafvck@@.

Trade and think like a Champion

To get market direction from next month!

It’s going to be 20$/ per month now
Which will be subsequent to increase


We are in a very healthy market!

But we still have resistance above

69 - 75k is likely feasible again!

My services are to help little traders who have been struggling in the game and have not yet reached the consistency level of taking home little profits .

When I said people should get ready to buy from November.
Little girls who don’t know how to trade started to behave like delulu and started using alternate monikers to troll me.

But you know what?,
the market is a respecter of nobody’s emotions!

If you don’t know how to trade, you don’t know!


Fan boys!
If any of your favorite has mind, let them mention me!

And take a prop firm challenge for everyone to see.

Watch how they’ll start to give excuses, because they know they’ll fail it!

Defend urself!

I’ll finish you with this one moniker.. but once I stop replying to your mention even if you try so hard to get my attention like ladies all the time.
Then know that you’re not a 10.
Even 7’s still get denied attention

Hands off the merchandise PooSie Fan boys

Wannabe traders

What you like seeing and reading on the thread has come. Now, can we have some peace?

shonepet:
Please house anyone with legit update should drop, make those that wants to align join.
Patience is the key in crypto, as Bull Run no wan start yet, Man gats to hustle other means.

For me, I joined this group to elevate my financial status, so please anyone with good and consistent legit income sources should help us that wants to invest.

With Nigeria's current economic status, Responsibilities wan choke me as first born.

First rule of investment, invest in your self. What skills do you have and what skills are you willing to learn at your age? Except you have some money built with your skill/inheritance, you won't have much resource reasonable to invest with. Build a skill, in any field, make money before thinking of investing. Throwing dart around praying to make it won't mean a lot. Your skill will gain you money monthly, then you use some of that for risk asset.

You can look in fiverr, and see the skill set they need, then use udemy or YouTube to train your self. You can also download pdf, train yourself. The market is always here. There is always opportunities. But your skills can't wait. You have to act now. Off phone from your dependence for 1 ye, they won't die. Gain a skill and get them outta their situation gradually

Continuing with $APE, based on my experience, I don't short coins that remain stagnant at a certain percentage.

Therefore, I decided to long Ape and used the 5.3 magic calculation to determine optimal selling points. The calculation indicated that I should sell at $1.95, $2.19 or $3.65.

I opted for my first sale at $1.95. Unfortunately, when I woke up, the price had dropped from $1.73 to $1.5, which it pumped while I was asleep.

While my long position is still in profit, I'm waiting for it to either reach my first selling point or return to my entry price.

Had I shorted the position, I'd be in a difficult situation by now. Interestingly, when the price reached $1.73, it had probably pumped by 130% or at least 120%, but I was asleep at that time.

The key takeaway is that the more you try—and fail—the better you understand the market and develop a system that can help you benefit from it.

This doesn't mean it won't go against you occasionally; it will, but at least you'll come out on top more often than not.

I'm not a trader, but an opportunist. After taking advantage of an opportunity, I pull out and watch for days, weeks or even months so that others can enjoy too while I observe as I await a day everyone is crying and bleeding or a day everyone is jumping and clamouring for higher even though it had gone way too high already.

Know when to be greedy and when to be patient.

Reposted: post now in 3 parts. Part 2:

The historical relationship between gold and the U.S. dollar has evolved significantly over time due to changes in monetary policies, global economics, and the shift away from the gold standard. Here’s an overview of the Gold vs. U.S. Dollar exchange from the 1940s to 2024:

1940-1971 (Bretton Woods Era):

1940s: The Bretton Woods Agreement was signed in 1944, establishing the U.S. dollar as the world's reserve currency, with its value tied to gold. Under this system:

1 ounce of gold = $35 USD.

1950s-1960s: Throughout the 1950s and 1960s, the price of gold remained fixed at $35 per ounce, while global currencies were pegged to the U.S. dollar.

Gold Standard: The U.S. held large gold reserves to back the dollar, and other countries could convert their U.S. dollar holdings into gold at this fixed price.

1971-1976 (End of Gold Standard):

1971: President Richard Nixon ended the direct convertibility of the U.S. dollar to gold, effectively abandoning the gold standard. This decision, known as the "Nixon Shock," allowed the dollar to float freely in the global markets, and gold prices were no longer fixed.

1971: The price of gold rose from $35 to around $42 per ounce.

1973: By this year, the Bretton Woods system had fully collapsed, and gold prices became market-driven.

1973: Gold prices reached approximately $65 per ounce.

1976: The official price of gold was completely decoupled from the dollar.

By 1976, gold traded at $140 per ounce.

1980s (High Inflation and Price Surge):

During the late 1970s and early 1980s, the U.S. faced high inflation and geopolitical uncertainty, leading to a surge in gold prices.

1980: Gold prices reached an all-time high of approximately $850 per ounce due to the Iran crisis, inflation fears, and a weakening dollar.

However, as inflation was brought under control and the U.S. Federal Reserve raised interest rates, gold prices declined throughout the mid-1980s.

1985: Gold prices settled at around $300-$400 per ounce.

1990s (Stability and Decline):

During the 1990s, gold prices remained relatively stable as global inflation was low, and the dollar strengthened due to robust economic growth in the U.S.

1995-1999: Gold prices ranged between $250-$300 per ounce.

2000-2010 (Bull Market in Gold):

In the early 2000s, gold began to rise again, fueled by global economic uncertainty, rising inflation concerns, and a weakening U.S. dollar.

2001: Gold was trading at around $270 per ounce.

2008 Financial Crisis: During the 2008 global financial crisis, gold prices surged as investors sought safe-haven assets.

2008: Gold prices reached approximately $800-$900 per ounce.

2010: Gold hit a new all-time high as global economic uncertainty persisted post-recession.

2010: Gold traded at $1,400 per ounce.

2011-2020 (Record Highs and Fluctuations):

2011: Due to the European debt crisis, U.S. credit rating downgrade, and inflation fears, gold reached a historic high of $1,900 per ounce.

2013-2015: Gold prices retreated as the U.S. economy recovered and the Federal Reserve indicated a return to higher interest rates.

2015: Gold fell back to around $1,050 per ounce.

2016-2020: Gold prices rebounded again due to geopolitical tensions, trade wars, and the COVID-19 pandemic.

2020: Amid the pandemic, gold reached a new all-time high of $2,070 per ounce in August 2020 as global uncertainty pushed investors toward gold.

2021-2024 (Post-Pandemic and Inflation Concerns):

After peaking in 2020, gold prices saw some fluctuations but remained elevated due to inflation concerns, Federal Reserve monetary policy changes, and global uncertainty.

2021-2022: Gold prices ranged between $1,700 and $2,000 per ounce.

2023-2024: With continued inflation pressures, a strong dollar, and global geopolitical issues, gold continues to trade near its high levels, fluctuating around $1,800-$2,000 per ounce.

Summary of Key Gold Price Milestones (per ounce):

1940s-1971: $35 (fixed under the gold standard).

1971: $42 (end of the gold standard).

1980: $850 (inflation and geopolitical tensions).

2000: $270 (low during economic stability).

2011: $1,900 (European debt crisis).

2020: $2,070 (pandemic-driven uncertainty).

2023-2024: $1,800-$2,720 (inflation and geopolitical tensions).

This timeline shows the historical shifts in the value of gold versus the U.S. dollar, moving from fixed rates under the gold standard to the modern, market-driven price fluctuations.

To read about BTC, click here: https://www.nairaland.com/6318352/crypto-currency-investors-thread/3952#132518189

iLegendd:
The Evolution of Nigerian Pounds to Nigerian Naira and Exchange Rates

Starting from 1940 (before Nigeria gained independence), the Nigerian currency and its exchange rate against the U.S. Dollar evolved through significant changes, primarily due to shifts in Nigeria’s political and economic landscape.

Here's a summary of how the exchange rate developed from 1940 to 2024:

1940-1960 (Colonial Era):

Currency in Use: The Nigerian pound (pegged to the British pound sterling) was the official currency.

Exchange Rate: As Nigeria was under British rule, the exchange rate followed the British system. The Nigerian pound was equivalent to the British pound, which was relatively strong.

Around this time, 1 British pound (₤) was equivalent to around $4.03 USD.

1960-1973 (Post-Independence):

1960: Nigeria gained independence and maintained the Nigerian pound, still pegged to the British pound.

Exchange Rate: 1 Nigerian pound = 1.03 USD at independence.

1973: The Nigerian government introduced the Naira, replacing the Nigerian pound.

1 Naira = 2 Nigerian Pounds = 2 USD (approximately).

1973-1980:

Nigeria enjoyed an oil boom during the 1970s, making the naira strong relative to the U.S. dollar.

1973-1980: The naira was almost at parity with the dollar.

1 NGN = 1.52 USD at the time of the naira’s introduction.

By the late 1970s, 1 NGN = 0.65 USD (strong naira).

1980-1990 (Structural Adjustment and Decline):

Early 1980s: Oil prices began to fall, weakening Nigeria's economy.

1981: 1 USD = 0.61 NGN (the naira was still strong).

1985: 1 USD = 3.30 NGN.

Mid-Late 1980s: Due to economic reforms (including a Structural Adjustment Program), the naira was devalued.

1986-1990: 1 USD = 5-9 NGN.

1990-2000:

Throughout the 1990s, the naira continued to depreciate sharply.

1994: 1 USD = 22 NGN.

1998: 1 USD = 85 NGN.

By the end of the 1990s, the rate hovered around 85-100 NGN per USD.

2000-2010:

The early 2000s witnessed more economic instability and inflation.

2000: 1 USD = 100 NGN.

2008: 1 USD = 130 NGN.

2010: 1 USD = 150 NGN.

2010-2020:

The naira depreciated rapidly during the 2010s due to oil price crashes and economic instability.

2014: 1 USD = 164 NGN.

2016: Following a currency devaluation by the Central Bank of Nigeria (CBN), 1 USD = 315 NGN.

By 2020, 1 USD = 360-380 NGN (official rate), while black market rates were around 450 NGN.

2020-2024:

The naira weakened further due to the impact of the COVID-19 pandemic, inflation, and declining foreign reserves.

2021: 1 USD = 400-500 NGN.

2023: Official rates were around 1 USD = 750 NGN, with black market rates crossing 900 NGN.

2024: The exchange rate has reached around 1 USD = 1200-1600 NGN in official markets, while parallel (black) market rates ranges from 1500-1950 NGN at some point.

Summary of Key Exchange Rate Milestones:

1940-1960: 1 British Pound = $4.03 (Nigerian Pound followed).

1960: 1 Nigerian Pound = 1.03 USD.

1973: 1 Naira = 1.52 USD.

1985: 1 USD = 3.30 NGN.

1990s: 1 USD = 85-100 NGN.

2000s: 1 USD = 100-150 NGN.

2016: 1 USD = 315 NGN.

2023-2024: 1 USD = 7500-1600 NGN (official) / 1500 to 1950 NGN (black market).

These changes reflect Nigeria's transition from a colonial economy, oil dependency, and the effects of inflation and economic mismanagement.

With the above, have it in mind that $1 to ₦2000 is eminent and doubling it from ₦2,000 to ₦4,000-₦5,000 is just a matter of 2 decades or a new disaster or another bad leader assuming office.

So, with this, you can easily predict the future. Be a GLE-BOSS for your sake and the sake of your children, grandchildren and generations ahead. That is the only way to protect your money.

Even the Dollar is not safe if you're judging its price against gold or BTC. Now, let's talk about gold and BTC too.




The historical relationship between gold and the U.S. dollar has evolved significantly over time due to changes in monetary policies, global economics, and the shift away from the gold standard. Here’s an overview of the Gold vs. U.S. Dollar exchange from the 1940s to 2024:

1940-1971 (Bretton Woods Era):

1940s: The Bretton Woods Agreement was signed in 1944, establishing the U.S. dollar as the world's reserve currency, with its value tied to gold. Under this system:

1 ounce of gold = $35 USD.

1950s-1960s: Throughout the 1950s and 1960s, the price of gold remained fixed at $35 per ounce, while global currencies were pegged to the U.S. dollar.

Gold Standard: The U.S. held large gold reserves to back the dollar, and other countries could convert their U.S. dollar holdings into gold at this fixed price.

1971-1976 (End of Gold Standard):

1971: President Richard Nixon ended the direct convertibility of the U.S. dollar to gold, effectively abandoning the gold standard. This decision, known as the "Nixon Shock," allowed the dollar to float freely in the global markets, and gold prices were no longer fixed.

1971: The price of gold rose from $35 to around $42 per ounce.

1973: By this year, the Bretton Woods system had fully collapsed, and gold prices became market-driven.

1973: Gold prices reached approximately $65 per ounce.

1976: The official price of gold was completely decoupled from the dollar.

By 1976, gold traded at $140 per ounce.

1980s (High Inflation and Price Surge):

During the late 1970s and early 1980s, the U.S. faced high inflation and geopolitical uncertainty, leading to a surge in gold prices.

1980: Gold prices reached an all-time high of approximately $850 per ounce due to the Iran crisis, inflation fears, and a weakening dollar.

However, as inflation was brought under control and the U.S. Federal Reserve raised interest rates, gold prices declined throughout the mid-1980s.

1985: Gold prices settled at around $300-$400 per ounce.

1990s (Stability and Decline):

During the 1990s, gold prices remained relatively stable as global inflation was low, and the dollar strengthened due to robust economic growth in the U.S.

1995-1999: Gold prices ranged between $250-$300 per ounce.

2000-2010 (Bull Market in Gold):

In the early 2000s, gold began to rise again, fueled by global economic uncertainty, rising inflation concerns, and a weakening U.S. dollar.

2001: Gold was trading at around $270 per ounce.

2008 Financial Crisis: During the 2008 global financial crisis, gold prices surged as investors sought safe-haven assets.

2008: Gold prices reached approximately $800-$900 per ounce.

2010: Gold hit a new all-time high as global economic uncertainty persisted post-recession.

2010: Gold traded at $1,400 per ounce.

2011-2020 (Record Highs and Fluctuations):

2011: Due to the European debt crisis, U.S. credit rating downgrade, and inflation fears, gold reached a historic high of $1,900 per ounce.

2013-2015: Gold prices retreated as the U.S. economy recovered and the Federal Reserve indicated a return to higher interest rates.

2015: Gold fell back to around $1,050 per ounce.

2016-2020: Gold prices rebounded again due to geopolitical tensions, trade wars, and the COVID-19 pandemic.

2020: Amid the pandemic, gold reached a new all-time high of $2,070 per ounce in August 2020 as global uncertainty pushed investors toward gold.

2021-2024 (Post-Pandemic and Inflation Concerns):

After peaking in 2020, gold prices saw some fluctuations but remained elevated due to inflation concerns, Federal Reserve monetary policy changes, and global uncertainty.

2021-2022: Gold prices ranged between $1,700 and $2,000 per ounce.

2023-2024: With continued inflation pressures, a strong dollar, and global geopolitical issues, gold continues to trade near its high levels, fluctuating around $1,800-$2,000 per ounce.

Summary of Key Gold Price Milestones (per ounce):

1940s-1971: $35 (fixed under the gold standard).

1971: $42 (end of the gold standard).

1980: $850 (inflation and geopolitical tensions).

2000: $270 (low during economic stability).

2011: $1,900 (European debt crisis).

2020: $2,070 (pandemic-driven uncertainty).

2023-2024: $1,800-$2,720 (inflation and geopolitical tensions).

This timeline shows the historical shifts in the value of gold versus the U.S. dollar, moving from fixed rates under the gold standard to the modern, market-driven price fluctuations.





The history of Bitcoin (BTC) vs the U.S. Dollar (USD) showcases the evolution of the world’s first cryptocurrency, its massive price fluctuations, and its rise from an obscure digital asset to a global financial phenomenon. Here’s a breakdown of Bitcoin’s price trajectory relative to the dollar from its inception to 2024:

2009-2011 (Inception and Early Growth):

2009: Bitcoin was created by the pseudonymous Satoshi Nakamoto. In its early days, Bitcoin had no market price since it was primarily mined by enthusiasts.

The first recorded Bitcoin transaction occurred in 2010 when a programmer, Laszlo Hanyecz, paid 10,000 BTC for two pizzas, now referred to as "Bitcoin Pizza Day."

Price in 2010: At this time, Bitcoin was worth $0.0008 USD per BTC.

2011: Bitcoin crossed the $1 mark for the first time in February.

By June 2011, Bitcoin reached $31 USD, but a sharp correction followed, bringing the price back down to $2-4 USD by the end of the year.

2012-2013 (First Significant Rally):

2012: Bitcoin saw steady but modest growth as more people became interested in cryptocurrency.

By the end of 2012, Bitcoin was trading around $13 USD.

2013: This year marked Bitcoin's first major bull run. The price spiked due to increasing adoption, media attention, and the launch of exchanges like Mt. Gox.

By April 2013, Bitcoin surged to $260 USD, but it quickly dropped to $50-60 USD after a crash.

Later that year, in November, Bitcoin had its first real parabolic rise, reaching an all-time high of $1,200 USD before crashing again due to regulatory concerns and the collapse of Mt. Gox.

2014-2016 (Mt. Gox Crash and Bear Market):

2014: The year started with Bitcoin around $800-1,000 USD, but after the Mt. Gox exchange was hacked, Bitcoin's price dropped sharply.

For most of 2014, Bitcoin traded between $300-500 USD.

2015: Bitcoin slowly recovered as the crypto space stabilized after the Mt. Gox fallout. However, it remained in a prolonged bear market.

Bitcoin ranged between $200-400 USD for most of the year.

2016: Bitcoin saw steady growth, driven by increasing adoption and interest from institutional investors. The halving event (when mining rewards were reduced) also helped push prices higher.

By the end of 2016, Bitcoin was trading around $900 USD.

2017 (First Major Bull Run and Explosion to $20,000):

2017: This was the year Bitcoin truly went mainstream. A wave of retail and institutional investment, along with the launch of initial coin offerings (ICOs) on Ethereum, fueled a massive bull run.

By mid-2017, Bitcoin had reached $2,500-3,000 USD.

In December 2017, Bitcoin hit an all-time high of around $19,800 USD, before crashing as the bubble burst. By the end of 2017, it had fallen back to $13,000 USD.

2018-2019 (Bear Market and Recovery):

2018: Bitcoin entered a bear market after its meteoric rise in 2017. Throughout the year, the price steadily dropped, reaching lows of around $3,200 USD by December.

The price fluctuations were fueled by concerns over regulation, exchange hacks, and general market instability.

2019: Bitcoin began to recover after the 2018 crash, driven by renewed interest in blockchain technology and digital assets.

Mid-2019 saw Bitcoin rise to around $13,000 USD, but by the end of the year, it had dropped back to $7,000 USD.

2020 (COVID-19 Pandemic and Bitcoin’s Rise to $30,000):

2020: The COVID-19 pandemic significantly impacted global markets, but it also fueled Bitcoin's rise as investors turned to it as a hedge against inflation and economic uncertainty.

In March 2020, Bitcoin briefly dropped to $4,000 USD during the market crash, but it quickly recovered.

By the end of 2020, Bitcoin had surged to new all-time highs, trading around $29,000 USD.

2021 (Bitcoin's Boom to $69,000):

2021: Bitcoin experienced an explosive bull market driven by institutional investment, mainstream adoption, and increasing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs).

In April 2021, Bitcoin hit a new all-time high of $64,000 USD.

After a correction, Bitcoin rallied again and reached its all-time high of $69,000 USD in November 2021.

2022 (Bear Market and Market Corrections):

2022: After its highs in 2021, Bitcoin entered another bear market due to rising inflation, interest rate hikes by the Federal Reserve, and general risk aversion in global markets.

By mid-2022, Bitcoin fell to around $20,000 USD.

In November 2022, the collapse of the FTX exchange and a general decline in the crypto market pushed Bitcoin to around $16,000 USD, marking the bottom of that year.

2023-2024 (Post-Crash Recovery and New Developments):

2023: Bitcoin began to recover slowly as the global economy stabilized and more institutional investors entered the space. Concerns over inflation, regulatory developments, and the halving event expected in 2024 drove positive sentiment.

By mid-2023, Bitcoin was trading in the range of $27,000 to $35,000 USD.

2024: Bitcoin’s price continues to experience volatility as the next halving event approaches and global market conditions remain uncertain. As of early 2024, Bitcoin trades around $30,000 to $40,000 USD, though this could change significantly in response to macroeconomic trends and crypto adoption.

Summary of Key Bitcoin Price Milestones:

2010: $0.0008 (first recorded price).

2011: $31 (first significant rally).

2013: $1,200 (first parabolic rise).

2017: $19,800 (end of the first major bull run).

2018: $3,200 (end of 2018 bear market).

2020: $29,000 (pandemic-driven bull run).

2021: $69,000 (all-time high).

2022: $16,000 (post-FTX crash).

2024: $30,000-$74,000 (current).

Bitcoin’s price trajectory has been marked by extreme volatility, influenced by technological developments, investor sentiment, global events, and regulatory shifts.

I know the post is long for some people but I don't give a shiet. That's why some of you make millions and end up in the gutters after a few years. Research you no go gree research. Somebody research write for you, to read na problem. Nonsense. Them suppose tie some of una waist join big log of wood, throway una inside ocean.

This is too good to be lost. This is an eye opener. I wish you could make this a book and send the link for people to download. I will storm the site to place an order asap.

Please sir, post what you want to post. Don't break it into any part for the sake of any bagger. Who no fit read, make e getout. Do you thing sir. You do enough work to compile these facts in such a beautiful way. Avoid trying to spoon-feed some illiterates.

Those who want to be ignorant and broke throughout their natural lives are free to skip and scroll to the next post.

Superpack589:
I know the post is long for some people but I don't give a shiet. That's why some of you make millions and end up in the gutters after a few years. Research you no go gree research. Somebody research write for you, to read na problem. Nonsense. Them suppose tie some of una waist join big log of wood, throway una inside ocean.

This is too good to be lost. This is an eye opener. I wish you could make this a book and send the link for people to download. I will storm the site to place an order asap.

Please sir, post what you want to post. Don't break it into any part for the sake of any bagger. Who no fit read, make e getout. Do you thing sir. You do enough work to compile these facts in such a beautiful way. Avoid trying to spoon-feed some illiterates.

Those who want to be ignorant and broke throughout their natural lives are free to skip and scroll to the next post.

You’re a piece of shit!

See how you are insulting people because they don’t agree to your idea!

Nawa o
So if they scroll to the next post they must now be broke…

Well you’re not God and don’t have anybody’s destiny to control!
Everyone is free to choose what they believe in!

Read any post you want to read
And ignore those you deem fit to ignore @ everyone

Poosie fan boys!

Food is ready

Start logging into your alt monikers created 2023-2024 🤣🤣🤣🤣

I pray o..how did you get this listing price?

TrennixGLOBAL:
Pi network is getting ready to be launched end of this year/beginning of next year.

[/b]The starting listing price would be between $0.8 to $5 per Pi.[b]

I deliberately quote this "long post" again. So you'll headache can increase 😁😁😁

iLegendd:
The Evolution of Nigerian Pounds to Nigerian Naira and Exchange Rates

Starting from 1940 (before Nigeria gained independence), the Nigerian currency and its exchange rate against the U.S. Dollar evolved through significant changes, primarily due to shifts in Nigeria’s political and economic landscape.

Here's a summary of how the exchange rate developed from 1940 to 2024:

1940-1960 (Colonial Era):

Currency in Use: The Nigerian pound (pegged to the British pound sterling) was the official currency.

Exchange Rate: As Nigeria was under British rule, the exchange rate followed the British system. The Nigerian pound was equivalent to the British pound, which was relatively strong.

Around this time, 1 British pound (₤) was equivalent to around $4.03 USD.

1960-1973 (Post-Independence):

1960: Nigeria gained independence and maintained the Nigerian pound, still pegged to the British pound.

Exchange Rate: 1 Nigerian pound = 1.03 USD at independence.

1973: The Nigerian government introduced the Naira, replacing the Nigerian pound.

1 Naira = 2 Nigerian Pounds = 2 USD (approximately).

1973-1980:

Nigeria enjoyed an oil boom during the 1970s, making the naira strong relative to the U.S. dollar.

1973-1980: The naira was almost at parity with the dollar.

1 NGN = 1.52 USD at the time of the naira’s introduction.

By the late 1970s, 1 NGN = 0.65 USD (strong naira).

1980-1990 (Structural Adjustment and Decline):

Early 1980s: Oil prices began to fall, weakening Nigeria's economy.

1981: 1 USD = 0.61 NGN (the naira was still strong).

1985: 1 USD = 3.30 NGN.

Mid-Late 1980s: Due to economic reforms (including a Structural Adjustment Program), the naira was devalued.

1986-1990: 1 USD = 5-9 NGN.

1990-2000:

Throughout the 1990s, the naira continued to depreciate sharply.

1994: 1 USD = 22 NGN.

1998: 1 USD = 85 NGN.

By the end of the 1990s, the rate hovered around 85-100 NGN per USD.

2000-2010:

The early 2000s witnessed more economic instability and inflation.

2000: 1 USD = 100 NGN.

2008: 1 USD = 130 NGN.

2010: 1 USD = 150 NGN.

2010-2020:

The naira depreciated rapidly during the 2010s due to oil price crashes and economic instability.

2014: 1 USD = 164 NGN.

2016: Following a currency devaluation by the Central Bank of Nigeria (CBN), 1 USD = 315 NGN.

By 2020, 1 USD = 360-380 NGN (official rate), while black market rates were around 450 NGN.

2020-2024:

The naira weakened further due to the impact of the COVID-19 pandemic, inflation, and declining foreign reserves.

2021: 1 USD = 400-500 NGN.

2023: Official rates were around 1 USD = 750 NGN, with black market rates crossing 900 NGN.

2024: The exchange rate has reached around 1 USD = 1200-1600 NGN in official markets, while parallel (black) market rates ranges from 1500-1950 NGN at some point.

Summary of Key Exchange Rate Milestones:

1940-1960: 1 British Pound = $4.03 (Nigerian Pound followed).

1960: 1 Nigerian Pound = 1.03 USD.

1973: 1 Naira = 1.52 USD.

1985: 1 USD = 3.30 NGN.

1990s: 1 USD = 85-100 NGN.

2000s: 1 USD = 100-150 NGN.

2016: 1 USD = 315 NGN.

2023-2024: 1 USD = 7500-1600 NGN (official) / 1500 to 1950 NGN (black market).

These changes reflect Nigeria's transition from a colonial economy, oil dependency, and the effects of inflation and economic mismanagement.

With the above, have it in mind that $1 to ₦2000 is eminent and doubling it from ₦2,000 to ₦4,000-₦5,000 is just a matter of 2 decades or a new disaster or another bad leader assuming office.

So, with this, you can easily predict the future. Be a GLE-BOSS for your sake and the sake of your children, grandchildren and generations ahead. That is the only way to protect your money.

Even the Dollar is not safe if you're judging its price against gold or BTC. Now, let's talk about gold and BTC too.

To read about Gold, click here: https://www.nairaland.com/6318352/crypto-currency-investors-thread/3950#132512767

Ladies and gentlemen , you finally know who owns that alt moniker that quoted ilegend concerning his post claiming it is too long..na that useless guy that is always jealous of ilegend simply because people refuse to get scammed by him and his nonsense "trade like a champion bullshit ".. ..u know the person na..

Alexas58:
You’re a piece of shit!

See how you are insulting people because they don’t agree to your idea!

Nawa o
So if they scroll to the next post they must now be broke…

Well you’re not God and don’t have anybody’s destiny to control!
Everyone is free to choose what they believe in!

Read any post you want to read
And ignore those you deem fit to ignore @ everyone

What a coward u are??
You had to wait this long before coming out with your main moniker?? Since the word ignore still exist in your empty head, why did u start the nonsense by quoting his post? Why didn't u ignore his post? ilegendd has never for once attacked your post, why do u keep coming for his posts with your alternates to derail the thread?? When I stated the moniker that quoted ilegendd was your alternates & the quote was out of personal vendetta, I know some persons felt it was for talking sake. If only members here know how mischievous & miserable u can be! The person u quoted never mentioned anyone's name, why did u suddenly feel attacked?? Guilty conscience? To think that this superpack moniker was the only person defending u on this thread when we started calling out your bullsh!t. I'm glad ilegendd is not like openheaven, u think u can bully him out of the thread? You don't know how irrelevant & useless u truly are here. Continue quoting yourself with your alternates. Animal!

Someone like me is not ever supposed to be upset in this life no matter who offends me. E get why. Make I stop here. Abi make I give reason why? E go make some people vex o!

jayce232:
What a coward u are??
You had to wait this long before coming out with your main moniker?? Since the word ignore still exist in your empty head, why did u start the nonsense by quoting his post? Why didn't u ignore his post? ilegendd has never for once attacked your post, why do u keep coming for his posts with your alternates to derail the thread?? When I stated the moniker that quoted ilegendd was your alternates & the quote was out of personal vendetta, I know some persons felt it was for talking sake. If only members here know how mischievous & miserable u can be! The person u quoted never mentioned anyone's name, why did u suddenly feel attacked?? Guilty conscience? To think that this superpack moniker was the only person defending u on this thread when we started calling out your bullsh!t. I'm glad ilegendd is not like openheaven, u think u can bully him out of the thread? You don't know how irrelevant & useless u truly are here. Continue quoting yourself with your alternates. Animal!

The bolded is so true...I was shocked when he attacked that same superpack guy....

iLegendd:
I have written some unpublished articles in my "wake me when Sept. ends vacation," but each time I want to post it, I just lose interest. Lemme blame it on laziness.

I wasn't even keeping up with this thread. Whatever has happened since I left, I have no idea. But it seems I'll be active in Oct.

Though, I have been keeping up with Ben and Steve and they've been doing a great job. Never missed any of their videos.

The greatest investment is your health. The second greatest is your brain/skill and the third is called GLE-BOSS — the king of inflation hedging assets.

Gold
Land (for farming and real estate)
Eth
Btc
Oil
Sol
S&P500

The GLE-BOSS is your best investment to hedge over depreciating fiat in every country. Dollar self dey lose value at times, so it's not only Naira, but Naira is worse.

Even if GLE-BOSS goes down during recession or "Western war," 4-8 years later, it MUST go up in value — guaranteed, especially Gold, BTC and land. Every man deserves to own or be a GLE-BOSS as part of his legacy.

See you in Oktoba.

I have been looking for this since. Had to quote it because to me it is like the continuation of the previous post Ilegendd made moments ago.

One person is trying to be a wanna be trader!

But the market dey humble am 🤣🤣🤣

See as market dey look the dog

Alexas58:
One person is trying to be a wanna be trader!

But the market dey humble am 🤣🤣🤣

See as market dey look the dog

I'm sure Dem still dey feed u for house, u probably still staying with your fox🙄

Delulu fan boys

UpTober🤣🤣🤣🤣🤣🤣🤣

I won’t quote someone that doesn’t know how to trade!

Everyone is allowed to post anything they want!

How you take
Positions and when you take
Positions already shows the kind of trader you are!

Cheers to your trading tactics
I don’t care whether you make money from it or not, cos obviously it’s the cheap likes that are comforting you for your losses!

Because you dey chop hot ofensala of losses that’s why you have lots of times on your hands to open lots of monikers and trying to justify yourself and praise yourself!


You ain’t no good trader

After they don’t give accurate predictions from now till next year!

Followers and likes will start declining!

Those they think they’re leading will revoke against them!
Because the followers are loosing a lot of money!

Using the alt monikers to defend the failures is already looking like mockery on their end

Can’t you see the likes are reducing?

This page gets upto 200 genuine viewers
But u can’t get upto 50 likes on a post

Delulu

Na time e go take
And that time they won’t have new information to reel out again!

Let’s see how they keep relevance

You people still falling for this shit show


Alexa is annoying but I assure u that Robnectar is drshomo and doctorshomo

The hatred which Alexa really deserves here is fooling people to think he is Doctorshomo



Robnectar, you do this one... U sha successfully diverted people's attention to Alexa wey people don hate b4 b4

I don't know if it's only me, I enjoy a coin more when there is pump and dump manipulation going on. It's seems I'm more prepared for it. I too like vawulenceee!

Since Ape has refused to hit my target and for the fact that I used the highest leverage (which I advise people against, but stubborn me, I use it anyway), I have closed my long prematurely at 1.6 in profit and entered a small short that I don't mind losing at same $1.6 just for the fun of it. Make I go distract myself on Tiktok small before I go rewatch Mess's back-to-back hattrick highlights.

iLegendd:
I don't know if it's only me, I enjoy a coin more when there is pump and dump manipulation going on. It's seems I'm more prepared for it. I too like vawulenceee!

Since Ape has refused to hit my target and for the fact that I used the highest leverage (which I advise people against, but stubborn me, I use it anyway), I have closed my long prematurely at 1.6 in profit and entered a small short that I don't mind losing at same $1.6 just for the fun of it. Make I go distract myself on Tiktok small before I go rewatch Mess's back-to-back hattrick highlights.

Oya Messi vs Bolivia

Messi vs new England revolution..

You be Messi fan? Oya chop knuckle

Opening Tiktok and the first video that popped up is Mess's hattrick. How does this algorithm always know what's on my mind? We're being monitored.

It is ilegen operating those accounts

And it is him the pussy fan bois are defending with new monikers!

Mercylike:
Oya Messi vs Bolivia

Messi vs new England revolution..

You be Messi fan? Oya chop knuckle

I eat and drink Messi, MrBeast, VDM, Asherkine, Elon, Trump, Burna, sometimes Davido, and a few others. I just love humble or honest people that help or make an impact. But for me, I'm in-between humble, arrogant and playful, but I'm kind when it's needed. I no send sha. So, I'm always a fan of people with these traits, especially honesty.

twosquare:
Yea, I wanted to comment yesterday but time and work. I have attached screenshot biases from the daily, weekly, and monthly time frames.

Let me just say, based on my perception, it appears we are in an accumulation zone sort of.

For the daily time frame, you can see where the candle is targeting and wants to take out: $63,789.

For weekly, you can see that the wick bounces off exactly from the red line I made the other day, which I called a "relief support" (whoever is reading should check my previous posts).

There is no clear structure formation yet as to whether it will go for $68,925 in weekly and monthly tf, but it will form.

Looking at the monthly tf, the same thing is with structure formation...only the daily is clear on what it wants to do.

I expect a news to send us up in UPtober...it is still early. The same game was played last year OCtober...I said something about that. First week, they will want to scare you off. Suddenly, one crazy pump.

Anyway, you have it.

So, as I predicted, $68,925 eventually hit, topping at $69k, I believe, days ago.

Now, what next...

All eyes are on the US election on Nov 5. Expect some volatility as we near that week because we expect fake news, etc.

The candle and market structure is really bullish...there shouldn't be much except we hear bad news from China and Taiwan.

Trade safely.

iLegendd:
I eat and drink Messi, MrBeast, VDM, Asherkine, Elon, Trump, Burna, sometimes Davido, and a few others. I just love humble or honest people that help or make an impact. But for me, I'm in-between humble, arrogant and playful, but I'm kind when it's needed. I no send sha. So, I'm always a fan of people with these traits, especially honesty.

boss abeg help me, the hunger is too much I am thinking about doing what that abuja guy did. Pls let me tap into ur blessings.

Mercylike:
You people still falling for this shit show


Alexa is annoying but I assure u that Robnectar is drshomo and doctorshomo

The hatred which Alexa really deserves here is fooling people to think he is Doctorshomo



Robnectar, you do this one... U sha successfully diverted people's attention to Alexa wey people don hate b4 b4

Ur mum yaf cook, go and eat then come back and start from where u stop

Mrwhite09:
boss abeg help me, the hunger is too much I am thinking about doing what that abuja guy did. Pls let me tap into ur blessings.

I don't help people. Because I mentioned kindness, you want to capitalise on it. Abba190, rest. The few times I helped you didn't stop you from abusing me months later.

iLegendd:
I don't help people. Because I mentioned kindness, you want to capitalise on it. Abb190, rest. The few time I helped you didn't stop you from abusing me months later.

I regretted my actions how can I rest with an empty stomach