₦airaland Forum

silverlinen:
Dammmmnnnnnn

I can feel the pains of this traders and investors. Shit, I lost 1.9 Million too.

I'm just glad i don't rely on my crypto assest alone. Forex dey.

Be lying to yourself there.
Those who know the truth are aware that stocks (Forex) was the market that last 1.6 trillion dollars. Crypto lost 19 billion dollars.

zed7:
Crypto isn't different from gambling, kalokalo, betting etc. Sensible people who decide to trade it, only trade spares cash they can afford to lose.

That isn't peculiar to crypto alone. Every single thing that has to do with trading has the same element.

kiddaz:
It's why I advise people to always take profits instead of screenshots. Anyways it's a phase and all you can do is...

Nah .

This isn't a phase but rather the beginning of a very deep slippery slope.

The crash is deliberately being orchestrated by the whales who want to retire the existing USD and roll out their own central bank digital currency which has since been rolled out.

The stupidity of crypto was basing its worth on a fiat currency issued by a central bank.

Why they couldn't figure out that the guys who print the fiat currency will pump as much same fiat liquidity to own the largest wallet share of same crypto shows how dense most of these crypto traders are.

You better pull out now and use what's left to go and buy gold and by gold I mean physical gold and not those digital fake gold you buy online that are still being pushed by central banks that don't have an ounce of gold in their vaults.

donmik:
I never seem to understand the protocols and therefore never fell victim despite all the attractions I felt about it

It's better that way and a wise decision from your end.
Don't invest in things you don't understand.

If you buy shares of Zenith, GTB, Nestle etc,you become an investor in, and a co-owner of those companies. Those companies declare profit or loss at the end of each year, and your investment rises or falls according to their performance.

Besides, the companies have physical assets like bank branches or in the case of Nestle warehouses,manufacturing sites, vehicles,office buildings etc. These are all assets that you see every day. They can't just disappear in a minute.

If you buy bitcoin with the same money, you have just bought hot air. No factory,no products, services, no warehouse, no office,no head office, no staff,no managing director...absolutely nothing. There is not even a company called Bitcoin. It's just people who don't know each other going on the Internet to buy from one another. The person you're buying from, you don't know. The company in charge? No company is in charge. The product you bought. No product. You just receive a number. Who generated the number, nobody. Just a computer. Where is the computer located. Nobody knows. Who is in charge in case something goes wrong with the number they sent you... nobody. How about an email address. None. Phone number nko...none.

Surely, bitcoin is based in America? Nope. Sweden, nope. Russia? Nah. Ok, it must be in China or Japan. Nope. It has zero physical presence anywhere known to man.

So what if I lose the number. Your money don go forever be that.

Oh, there are also people who specialise in remotely stealing bitcoin numbers, so while you're sleeping, someone may be trying to steal your bitcoin.

bewisemasses:
I have 3 things to say

1. Crypto has always been a matter of time
2. Many data boys supporting this regime using crypto as a leverage to mock us that we are lazy becos we r complaining that things are hard will rest small. Body go calm down
3 is a question: does this affect forex traders

Don't mind the OP. That was blatant disinformation. Stocks was the market that lost 1.6 trillion dollars. Crypto lost 19 billion dollars

Crypto may rise and still dump again.... Why?

Investors have found an alternative ie Gold for now till all this tariff war susides. Chinese investor also have adopted gold

My advice, buy gold for now, to be profitable in this game. You must take the direction of whales as a retainer else you'll cry blood

DeLaRue:
If you buy shares of Zenith, GTB, Nestle etc,you become an investor in, and a co-owner of those companies. Those companies declare profit or loss at the end of each year, and your investment rises or falls according to their performance.

Besides, the companies have physical assets like bank branches or in the case of Nestle warehouses,manufacturing sites, vehicles,office buildings etc. These are all assets that you see every day. They can't just disappear in a minute.

I you buy bitcoin with the same money, you have just bought hot air. No factory,no products, services, no warehouse, no office,no head office, no staff,no managing director...absolutely nothing. There is not even a company called Bitcoin.

You don't understand anything about Blockchain!!!!

Baxilexi:
The US is trying to reduce its debt. I’m surprised people think DJT is dumb, stupid people don’t become billionaires.
Every move he has made since day 1 in office is a master stroke.
If he tanks the cost of Gold he has my absolute respect. That way the financial commitment will reduce drastically.

Gold that has been rising since he took office or another one?

Jughead29:
Crypto may rise and still dump again.... Why?

Investors have found an alternative ie Gold for now till all this tariff war susides. Chinese investor also have adopted gold

Funny thing is that the tariff has not even started. Trump only made an announcement of 100% tariff on all Chinese goods which was to begin on November 1. Investors panicked and started selling off their assets.

Crypto experts has predicted btc to dip further to $90k.

Scorpio99:
Funny thing is that the tariff has not even started. Trump only made an announcement of 100% tariff on all Chinese goods which was to begin on November 1. Investors panicked and started selling off their assets.

Exactly, so we should expect more dump.... Nothing stopping this for now... Maybe like bear season

DomPerignon:
Over 2,000 crypto traders have since committed suicide since the crash began 2 days ago.

Lol.

The signs were all there with a mystery individual placing a short on crypto crashing 3 days before the crash.

The mystery short generated over $170,000,000 for who placed that short.

Insider trading ? Definitely.

Someone knew before hand that there was going to be a massive sell off of crypto.

My guess is whoever knew was connected to the unknown whales in the crypto scene.

A whale is typically an individual/buyer who scoops up large volumes of crypto in one single transaction.

Most whales have been linked to institutional investors like Black rock, Vanguard Group and Main Street.

Other whales are covet intelligence agencies who rush to buy crypto to facilitate transfer of funds directly to proxy militias or to buy huge weapons cache to spread their endless wars across the planet. Crypto is ideal for covet funding so this is why intelligence units in the west use of to fund their terrorist proxies.

My guess is that Black Rock and co are pulling out of crypto and investing it into gold.

Same thing is why the US and London stock markets are crashing. Investors are turning to gold now that its trading very high at $4,000 an ounce.

China is also one reason why gold is skyrocketing as China has stopped investing in US debt markets and instead is piling up gold mostly from Russian mines.

Sanctioning Russia out of the global economy is hitting the west hard as Russia has now adapted and weaned itself from the US dollar global economy.

Bearing in mind that Russian mines also account for a sizeable portion of global gold supply , trading their gold outside the US dollar has made the downward and suppressive pricing of gold in the London Bullion Gold market ineffective.

Gold prices have been artificially suppressed for years in favour of investing in western ponzi stock and debt markets by the London Bullion Gold market. The LBG isn't even a market as it is only a group of three individuals headed by a Rothschild with the head of the Bank of England and a representative of gold speculators drawn from Jewish gold merchants.

The trio meet every Monday after breakfast to decide the price of gold . This '' market '' is what has suppressed gold prices for decades.

With sanctions on Russia making that country not to capitulate to western oligarchs (that's who dictates economic and financial sanctions ), Russian gold now is being traded in a currency swap deal with China.

Orange man , Zion Don then begins his tarrif wars with China.

Xi says he has had enough and not only bans US food imports but dumps US debt.

That massive dump on US debt then begins to break the house of cards that is the financial ponzi scheme western economy.

Stock investors pull out and begin to search for an alternative hedge which only gold can fill.

Whales like Black Rock are taking a beating in their ponzi stock market but they can't pull out or risk the whole thing crashing so they then begin to dump their Cryptos and move it into gold.

That there is why crypto is crashing and with it , soon the US and western debt based liquidity economy which in turn will see the dollar come crashing down.

This is why orange man wants to invade and capture Venezuelan oil fields(the largest known and proven reserves) and take over Greenland for its rare earth metal deposits.

But the money changers will prefer all out Samson option by instigating another global war than risk their money tables being overturned .

You really understand their game plan.

Or Nigerian crude reserve with a plan to help erase bandits and militia.
Already the pope is being asked to fund an expedition to Nigeria

Crypto is a SCAM

DeLaRue:
Been saying it for years, buying crypto is a loser's game. And it is a game. Exactly like playing Baba Ijebu or online betting, only more glamorous.

One Satochi, allegedly from Japan, created this thing, bitcoin, which he tagged a currency.

It is not backed by Gold, or government paraphernalia. You can't use it to buy bread, pay for transport or rent, or much else anything. It does not support any form of production. It is not even a physical thing you can touch or feel. It's basically just a number generated by a program/ code

A group of young Americans hyped it up, told the rest of the world it is the next global currency. They sucked in people from poor countries like Nigeria who pump money into it. And then those Americans manipulate how and when it falls and rises making sure they make the most money while the deluded and clueless ones from poor countries wallow in loses.

It is all fantasy. It is MMM.

I challenge anyone to explain here how it is fundamentally different from playing Baba Ijebu or online betting.

Lol... Pure lack of knowledge.
Right now I've resigned from my place of work. And my pay off is being processed. Why I'm taking this action is cuz I'm confident that the prices of coins I'm seeing today, can't be seen anymore. This is their generational bottom. And be as it may be. I need to go 100% all in.

After resignation I would go to my wife's restaurant and start washing plate till things pan out and that would be 31/12/25

Trump na u do this one with your tariff. We will ride again

Thank God I removed my XRP before yawa gas 😂😂

Kingosytex:
If you have a crypto trader, this is the best time to check on them. It's not been easy. Someone should check up on Bitcoin Chief and Bitcoin Lord.

Those guys are very wise they have long divested some of their crypto assets to other profitable ventures like agriculture and real estate there's no way they can easily go broke.

I know the one who wrote this headlines is in pain by now , thank God I have my own handwork 🤣🤣🤣🤣🤣🤣🤣🤣

Kingpele:
See waitin trump cause with his boastful utterances....well life is all about risk ,if u don't succeed then try again and again

But he is also the reason why it rose from 80k to 110k ....they have also made massive money due to Trump

The crypto to will NEVER crash!
Is Clitocurrency

What is going on

Now I truly believed "we are surrounded by fools"
People who have zero idea about Bitcoin or crypto open mouth waaaa.

Where's the so-called crash? An asset that moved rapidly from 70l to 124k, and correcting to 110k, is now a crash?

Many don't know how the financial markets work, hence the shout of crash with just 15k correction, after a jump of 50k.

Scorpio99:
You don't understand anything about Blockchain!!!!

Crypto adherents have been telling us for years about how blockchain will revolutionise the world.

We are still waiting for that promise to come to fruition.

While blochchain is having very limited application in industry, it is not getting adopted amongst the over 7 billion population of the world.

So when will people be able to pay for a plate of rice and beans or pay for okada with Bitcoin?

Another point is there are other better and more tangible investments that are doing better than the so called crypto.

Crypto is not even an investment anyway. Just a bet that the prices will keep going up...for no reason whatsoever.

Lol, I never panic in such sell offs. If you know your onions you will always be safe. Don't do over leverage trading. Stick to your principles. The markets is always in a circle. It repeats the same thing over and over again. Crypto was my life saver. It is greed that put traders in such situation. We move and we will continue monitoring the markets.
If you are not greedy, you will do well.

Scorpio99:
Those who paid your school fees will be turning in their graves right now ☹️☹️

Those who paid my school fees have benefited from their investment. Instead of buying crypto, I invested in stocks, shares, and gold, and the returns have significantly transformed my wealth. No crazy and stupid volatile swings that have wiped out many people's crypto assets

Governments worldwide will fail. Economies will fail. Countries will seek help, but from who? The antichrist.

sulaak:
Those who paid my school fees have benefited from their investment. Instead of buying crypto, I invested in stocks, shares, and gold, and the returns have significantly transformed my wealth. No crazy and stupid volatile swings that have wiped out many people's crypto assets

You keep saying nonsense.
The stocks you claimed you invested in was the market that lost 1.6 trillion dollars. Crypto lost 19 billion dollars!!!

Elliotwaveforec:
Where's the so-called crash? An asset that moved rapidly from 70l to 124k, and correcting to 110k, is now a crash?

Many don't know how the financial markets work, hence the shout of crash with just 15k correction, after a jump of 50k.

No mind them. Na lack of understanding of the markets.

DeLaRue:
Crypto adherents have been telling us for years about how blockchain will revolutionise the world.

We are still waiting for that promise to come to fruition.

While blochchain is having very limited application in industry, it is not getting adopted amongst the over 7 billion population of the world.

So when will people be able to pay for a plate of rice and beans or pay for okada with Bitcoin?

Another point is there are other better and more tangible investments that are doing better than the so called crypto.

Crypto is not even an investment anyway. Just a bet that the prices will keep going up...for no reason whatsoever.

Are you aware that crypto can be used to make purchases in El Salvador?

MrTuthakhamun:
Naive post, and misinformation, Trumps tariff didn't cause the sell off but whales selling off their stock of cryptocurrencies, this website is littered with bunch of wrong information

You’re actually dumb if you don’t understand Trump is doing all these things to manipulate the market and make gains from it personally. Which is illegal and should ordinarily cause serious problems for him but no, he is the white supremacists’ messiah therefore he never does anything wrong. 😑😒

Make e dey pepper dem trump voters wella. Na una hand work b dis.