₦airaland Forum

megawealth01:
Yes it's expected. Ote$ is probably up to something with this right issues stuff

I believe so too.
I wonder what he might be upto.
I look forward to a more disruptive game after this rights; especially during the N350bn capitalisation.

Dont spread it too thing. 3 picks or 5 at max is all you can do with that 2.5M.

bastardson:
Thanks a lot .. Is Dangote still a good buy, looks stagnant for a while.

If you are to distribute 2.5m amongst them.. What would you suggest. I am sorry for my plenty questions

I don't know if its because I've found love for the US market in recent weeks but NGX really lacks depth, outside of UGAZ and some other 10 or so stocks, nothing is really worth considering unless some new information presents itself. We really need a lot more listings

dapix:
Preach Preacher, na so Japaulgold too own was last week o!!!!!!!

You that wait to cash out from my picks without appreciation.
Neimeth is never for you as what you see on the offer side now will be cleared by one person.
Wait for it and your narrative will change.

Sunrisepebble:
I don't know if its because I've found love for the US market in recent weeks but NGX really lacks depth, outside of UGAZ and some other 10 or so stocks, nothing is really worth considering unless some new information presents itself. We really need a lot more listings

💯 To new listings on NGX although US market and selected other markets are lovable

Streetinvestor2:
If you have 1 million unts of bitcoin what will it translate to when changed to naira at 1700.

Ah. These numbers are stupendous oh!!
That person can afford(not buy) a Rolls-royce ghost 2 series for a start.
Abeg make we no reason that kain money

Sunrisepebble:
I don't know if its because I've found love for the US market in recent weeks but NGX really lacks depth, outside of UGAZ and some other 10 or so stocks, nothing is really worth considering unless some new information presents itself. We really need a lot more listings

This depends on the kind bullion van you carry come market and the number of stock you wish to have in your portfolio. I thought you are an investor and not trading

Streetinvestor2:
OK.if they change it to real money. They should bring it to nse for we already positioned to hammer. The kind of money they call on that thing most times don't sound real to me,lol
If na dem go propel the next mad bull I can't wait for it to happen to cash out and move some to fixed market too

There is no such thing as owning 1 million units of Bitcoin because the total supply of Bitcoin is capped at 21 million units. This is similar to OS of a stock, which is also limited to a certain number. Currently, 1 Bitcoin is valued at approximately $98,000 USD. Convert that to Naira, and you'll understand why owning 1 million units is practically impossible, especially for a black nyach Nigerian.

Additionally, not all 21 million Bitcoins are currently in circulation. The way it is designed, Bitcoin is gradually released through a process called mining. As more Bitcoins are mined, the mining process becomes increasingly difficult. A significant portion of Bitcoin has been lost forever due to forgotten passwords or misplaced wallets. If you lose access to your wallet, that's the end of it—those Bitcoins are gone forever.

Because of its limited supply and its historical importance as the first digital currency, Bitcoin's value continues to rise over time, despite occasional price drops. With only 21 million units available, there won’t even be enough for each billionaire in the world to own one Bitcoin (one complete bitcoin).

That said, there are other cryptocurrencies in the market, many of which are purely speculative. Ethereum is another significant player.

Zagee:
Ah. These numbers are stupendous oh!!
That person can afford(not buy) a Rolls-royce ghost 2 series for a start.
Abeg make we no reason that kain money

I don’t think bit coins was ever that cheap to make getting 1 million of it that easy. That kind money go fit buy jet sef.

1kinggy:
Dont spread it too thing. 3 picks or 5 at max is all you can do with that 2.5M.

A newbie should spread 2.5m on at least 5 stocks.

sky2891:
I believe so too.
I wonder what he might be upto.
I look forward to a more disruptive game after this rights; especially during the N350bn capitalisation.

N5 billion already changed hands today and the price has been dragged down to N25. Making taking the rights no more attractive / possible for sell to take.

The offer on the floor is also so large despite the high volume already traded. What’s happening

ositadima1:
There is no such thing as owning 1 million units of Bitcoin because the total supply of Bitcoin is capped at 21 million units. This is similar to OS of a stock, which is also limited to a certain number. Currently, 1 Bitcoin is valued at approximately $98,000 USD. Convert that to Naira, and you'll understand why owning 1 million units is practically impossible, especially for a black nyach Nigerian.

Additionally, not all 21 million Bitcoins are currently in circulation. The way it is designed, Bitcoin is gradually released through a process called mining. As more Bitcoins are mined, the mining process becomes increasingly difficult. A significant portion of Bitcoin has been lost forever due to forgotten passwords or misplaced wallets. If you lose access to your wallet, that's the end of it—those Bitcoins are gone forever.

Because of its limited supply and its historical importance as the first digital currency, Bitcoin's value continues to rise over time, despite occasional price drops. With only 21 million units available, there won’t even be enough for each billionaire in the world to own one Bitcoin.

That said, there are other cryptocurrencies in the market, many of which are purely speculative. Ethereum is another significant player.

ok thanks for this explanation. The owner should have like 50% of the Os which is 10.5 M.
I use to think boys on the street go dey get like 1 million units. That means to even get 100k units means you are large.
The security is poor.if you forgot pass word or mis place wallet your investment is gone

BabsO2:
I don’t think bit coins was ever that cheap to make getting 1 million of it that easily. That kind money go fit buy jet sef.

Lol. Is it to just buy jet or own a fleet of them.
Street wants to indulge me in paranoia this Monday!! Ahhh

https://businessday.ng/pro/article/investors-park-cash-in-t-bills-over-real-economy/

This headline makes me wonder: "are the FG equally reinvesting the coup on another monetary investment?", cuz where's the workings on ground

I'm a Tradinvestor . I look at the next 18-24 months, I am not like Buffet that holds for 20 years. My strategy is simple, anytime there's a big rally in any certain stock I try to catch it and go in big and when I cashout, I divert profits to my dividend paying stocks which will also deliver solid capital appreciation i.e (UGAZ, Seplat, Presco etc). At present I own 15 stocks (14 considering FMN) and from my posts it should not be hard to work out the remaining. I don't see the need to hold more than 20 in my portfolio. Im always looking for opportunities to invest, but outside of the 15 I already own I don't see much value elsewhere

Streetinvestor2:
This depends on the kind bullion van you carry come market and the number of stock you wish to have in your portfolio. I thought you are an investor and not trading

Zagee:
Lol. Is it to just buy jet or own a fleet of them.
Street wants to indulge me in paranoia this Monday!! Ahhh

Lol.I thought is something boys can have I million units like stocks oh.The way I see this young men shout Bitcoin in public places na the cause oh.

BabsO2:
I don’t think bit coins was ever that cheap to make getting 1 million of it that easy. That kind money go fit buy jet sef.

you may be right.
Last I remember,
around 2012-2013, it was about ₦500 or less per 1BTC.
still not easy to get 1million.

But now you can't easily afford 0.5BTC not to talk of 1BTC.

1kinggy:
Dont spread it too thing. 3 picks or 5 at max is all you can do with that 2.5M.

2.5M, if it's Naira, should be used to pick only 1 stock......Max 2, depending on the type of stock to pick.

Zagee:
https://businessday.ng/pro/article/investors-park-cash-in-t-bills-over-real-economy/

This headline makes me wonder: "are the FG equally reinvesting the coup on another monetary investment?", cuz where's the workings on ground

We make very little compare to our expenses.
Most of the times,we borrow more to service existing loans.

chimex38:
you may be right.
Last I remember,
around 2012-2013, it was about ₦500 or less per 1BTC.
still not easy to get 1million.

But now you can't easily afford 0.5BTC not to talk of 1BTC.

It means 1 unit is 1700 ×98000.If yes what kind joke is that..lol

Sunrisepebble:
I'm a Tradinvestor . I look at the next 18-24 months, I am not like Buffet that holds for 20 years. My strategy is simple, anytime there's a big rally in any certain stock I try to catch it and go in big and when I cashout, I divert profits to my dividend paying stocks which will also deliver solid capital appreciation i.e (UGAZ, Seplat, Presco etc). At present I own 15 stocks (14 considering FMN) and from my posts it should not be hard to work out the remaining. I don't see the need to hold more than 20 in my portfolio. Im always looking for opportunities to invest, but outside of the 15 I already own I don't see much value elsewhere

ok..I get it

Streetinvestor2:
Lol.I thought is something boys can have I million units like stocks oh.The way I see this young men shout Bitcoin in public places na the cause oh.

W/o sounding judgmental, it is usually used to store or move "dark m*oney". T£chnology has its pros and cons.

Zagee:
https://businessday.ng/pro/article/investors-park-cash-in-t-bills-over-real-economy/

This headline makes me wonder: "are the FG equally reinvesting the coup on another monetary investment?", cuz where's the workings on ground

Excessive interest rate is simply a ponzi that helps no government / economy.

I think in economics there needs to be a cap on interest rate beyond which it self destructs the economy. I think anything above 20% is in the destructive range for monetary policy . Ideally it shouldn’t exceed single digit. Once 9% is reached other restrictive policies are needed. But current CBN governor calls that unorthodox polices

chimex38:
you may be right.
Last I remember,
around 2012-2013, it was about ₦500 or less per 1BTC.
still not easy to get 1million.

But now you can't easily afford 0.5BTC not to talk of 1BTC.

The funny thing is I was first introduced to it back in 2014. I had scholarship money then and I just imagined what would have been if I plugged 70% of my total scholarship inflow into that programme.😂😂
Innocent me.

BabsO2:
N5 billion already changed hands today and the price has been dragged down to N25. Making taking the rights no more attractive / possible for sell to take.

The offer on the floor is also so large despite the high volume already traded. What’s happening

At the early hours of trading today. I saw single volumes at N25.50 in batches of 50m and 20m units repeatedly which were not in queue.

chimex38:
you may be right.
Last I remember,
around 2012-2013, it was about ₦500 or less per 1BTC.
still not easy to get 1million.

But now you can't easily afford 0.5BTC not to talk of 1BTC.

You mean it was as cheap as N500 in 2012-13. Some will really be very very rich in it by now

The fellow is a newbie, but it also depends on their level of education about stock trading.

yMcy56:
2.5M, if it's Naira, should be used to pick only 1 stock......Max 2, depending on the type of stock to pick.

Streetinvestor2:
It means 1 unit is 1700 ×98000.If yes what kind joke is that..lol

But 0.0001 BTC is also aloud.

BabsO2:
Excessive interest rate is simply a ponzi that helps no government / economy.

I think in economics there needs to be a cap on interest rate beyond which it self destructs the economy. I think anything above 20% is in the destructive range for monetary policy . Ideally it shouldn’t exceed single digit. Once 9% is reached other restrictive policies are needed. But current CBN governor calls that unorthodox polices

Unorthodox indeed.
So I'm thinking they reinvest and perhaps take the returns to work(hence the little to show for) while somehow being able to add to the returns of there creditors

FG sponsored ponzi innit!😂😂😂

yMcy56:
2.5M, if it's Naira, should be used to pick only 1 stock......Max 2, depending on the type of stock to pick.

Lol, it’s 2.5m naira

You guyz are damn rich.

I can increase my stake though, although I am invested in the US stock market as well.

sky2891:
At the early hours of trading today. I saw single volumes at N25.50 in batches of 50m and 20m units repeatedly which were not in queue.

Who is and why the dumping?
At this rate taking up the rights is unattractive.

Streetinvestor2:
It means 1 unit is 1700 ×98000.If yes what kind joke is that..lol

Exactly
The devaluation now adds to the huge bounty the young boys you see cash out with when converted.