₦airaland Forum

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

Baxilexi:
Let me try to explain it as simple as I can, Gold trades against USD, the US has the biggest gold reserve. So you’re baited with an illusory rise in value, and you convert your local currency with hopes that you can sell your gold for greater forex, but bam, it’s crashes one day, lower that what you bought it for, the US still holds its gold reserve, and investors funds.

The big question then is, will you continue playing? Or fold? Why do you think gold charts are so sporadic?

The more bitcoin crashes the lesser the US treasury commitment. It’s mopped up USD globally with zero effort.

otherway:
You guys are so ignorant.

It ha nothing to do with Trump.

It is simple trend correction and will bounce back even higher

otherway:
Infact you are a real thouroughbred fx trader. Kudos to you.

It was a simple bullish correction and the bulls will soon take over.

Many people are gamblers thinking they know anything about trading.

Was it trump that caused the previous pullback ? Bunch of ignorant people.

This is Bitcoin weekly and monthly charts and we can see that it is common for a lower high to happen and when it does, we usually have a higher level breached... So bitcoin is still on its way to 200k or even higher... You will remember this post in future.

Ignorant people making trump feel too important.. Yes his policies can affect markets but the recent crash in crypto has nada to do with Trump. It was bound to happen.

Infact this is a good time to invest and even if it moves further down, invest more still.

Commentor:
It's an easy excuse people without much intelligence fall for.

freeborn02:
No more hiding behind lies
We already know the truth.

The intention of Muslims is to use the human-right laws of the west against the west and use emotional blackmail to silence the west.

Donald Trump saw through that evil ploy and went strongly against it. That's why most Muslims hate him

Unfortunately, Canada,, UK, France and Australia have chosen to be blind to this reality about Islam.

If Muslims make up to 30% of a country's population, they will start demanding for a change of the government's law to shariah law.

Islam is a political cult pretending to be a religion.

OlawaleBammie:
Bro please can I dm? I love this explanation please, I need more knowledge about it sir

PulaPower:
They’re telling you the truth cuz it will still rise back. There was a time btc was $3k, $5k, $10k… Now, $100k plus today..

If you sabi how to invest in the btc, it’s a very good investment! One of the best!

Btc is not something you trade by yourself, personally. It’s the dollar market that does the trading. So, if you see anybody telling you to come invest in one trading of btc, it’s a scam. Btc is something you buy and keep!

If you want to invest in btc, you’ll have to do it yourself. Download Blockchain & register. After registration, you’ll see your private wallet. Then visit Paxful website, buy, for example $50 btc. It will be credited into the blockchain ( wallet) you created… Then leave it there.

Btc is now $112k. Let say you buy $50 today and tomorrow, it goes up from $112 to $130k, check your wallet, your $50 would have been around $80 - which means, you’ve gained $30. You can choose to sell the $30 and buyers will credit you naira into your account and you can choose to leave it for further $ grow. You can wake up another day and see that it has gone up again from $130k to $150k, your own money go grow up again..

That’s how to make money from btc..

Uptownerd:
LAGOS, Nigeria – The cryptocurrency market, once hailed as a beacon of financial innovation, plunged into chaos on October 10, 2025, erasing a staggering $1.65 trillion from its total capitalization in a single day. Triggered by U.S. President Donald Trump's abrupt announcement of 100% tariffs on Chinese imports and stringent export controls on critical software, the sell-off rippled through global exchanges, liquidating over $19 billion in leveraged positions and affecting 1.6 million traders worldwide.

Bitcoin, the market's bellwether, nosedived 8% to $111,000, shedding $500 billion in market value, while Ethereum cratered 12% to $3,778, amplifying the pain across altcoins like XRP and Solana.

The overall market cap plummeted from $4.3 trillion to $3.74 trillion, marking the largest one-day wipeout in crypto history.

This geopolitical shockwave—rooted in escalating U.S.-China trade tensions—ignited a cascade of automated margin calls and panic selling. Coinglass data revealed $7 billion liquidated in the first hour alone, with Bitcoin longs accounting for $5.34 billion and Ethereum for $4.39 billion.

Analysts like Vincent Liu of Kronos Research attributed the rout to "institutional over-leverage" exacerbated by macroeconomic fears, as the stronger U.S. dollar and hawkish Federal Reserve policies made risk assets like crypto unpalatable.

"This isn't just a crypto event; it's a symptom of broader trade war contagion," said Brian Strugats, head trader at Multicoin Capital, warning of potential spillover into stocks and commodities.

Nowhere was the agony more acute than in Nigeria, Africa's crypto powerhouse, where digital assets have become a lifeline amid chronic naira devaluation and 34% inflation. With over 32% of Nigerians owning crypto—ranking the country second globally in adoption—the market's collapse struck like a thunderbolt, vaporizing savings and shattering dreams for thousands of retail traders.

In Lagos' bustling tech hubs and Abuja's peer-to-peer (P2P) trading circles, the news spread like wildfire, leaving a trail of frozen screens and frantic WhatsApp groups.Take Aisha Okon, a 28-year-old freelance graphic designer from Lagos. She had poured 2 million naira—equivalent to six months' earnings—into Bitcoin and Ethereum via Binance P2P, hoping to hedge against the currency's freefall since President Bola Tinubu's 2023 float.

"I woke up to my portfolio down 70%. It's not just money; it's my escape plan," Okon told reporters, her voice cracking over a glitchy video call. Her story echoes across Nigeria, where crypto volumes hit $400 million monthly pre-crash, driven by remittances and inflation-proofing.

P2P platforms like Paxful and Yellowcard, which facilitate naira-to-stablecoin swaps, saw trading volumes spike 145% during the frenzy as desperate users dumped assets for any liquidity.

For many, the wipeout compounds years of regulatory whiplash. The Central Bank of Nigeria's (CBN) 2021 ban on bank-crypto dealings forced traders underground into P2P networks, but the March 2025 Investments and Securities Act finally legitimized digital assets as securities, spurring a brief adoption boom.

Yet, the Economic and Financial Crimes Commission (EFCC) continues probing "market manipulation" via crypto, freezing hundreds of accounts in 2024 alone.

"We turned to crypto because banks charge 20% on transfers and the naira loses 24% yearly," said Chinedu Eze, a 35-year-old Abuja-based trader who lost 1.5 million naira in the crash. "Now, Trump's tariffs hit us hardest—our dollar-pegged hopes evaporated overnight."

Social media erupted with despair. On X (formerly Twitter), #NairaCryptoCrash trended, with users like @CryptoNaijaKing
posting: "From ATH dreams to zero. Nigeria's youth built this market on hope—now it's ashes. When will the pain end?"

Forums buzzed with tales of leveraged bets gone wrong: a Port Harcourt engineer liquidated after borrowing at 50% interest to chase Solana highs, or a student in Enugu whose tuition fund halved. "It's psychological torture," Eze added. "We trade for survival, not greed, but volatility doesn't care."

Nigeria's crypto ecosystem, valued at billions and employing thousands in startups like Busha and Quidax, now teeters. The Blockchain Nigeria conference in February drew 5,000 attendees dreaming of Web3 jobs, but this crash has chilled investments.
Edul Patel, CEO of Mudrex, sees a silver lining: "October corrections often precede 21% rallies. This is a dip for patient holders."

Yet, for Okon and Eze, resilience feels hollow. "Crypto promised freedom from naira woes," Okon sighed. "Instead, global politics chained us tighter."As markets stabilize—Bitcoin hovering at $112,000—Nigerian traders regroup, eyeing stablecoins like Tether for refuge.

But with trade wars looming and local regs tightening, the agony lingers. In a nation where 52% of crypto users allocate over half their assets to digital coins, this wipeout isn't just financial—it's a gut punch to a generation's gamble on tomorrow.


https://uptownerd./2025/10/12/1-65-trillion-global-crypto-wipe-out-leaves-nigerian-traders-in-agony/

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.

PulaPower:
They’re telling you the truth cuz it will still rise back. There was a time btc was $3k, $5k, $10k… Now, $100k plus today..

If you sabi how to invest in the btc, it’s a very good investment! One of the best!

Btc is not something you trade by yourself, personally. It’s the dollar market that does the trading. So, if you see anybody telling you to come invest in one trading of btc, it’s a scam. Btc is something you buy and keep!

If you want to invest in btc, you’ll have to do it yourself. Download Blockchain & register. After registration, you’ll see your private wallet. Then visit Paxful website, buy, for example $50 btc. It will be credited into the blockchain ( wallet) you created… Then leave it there.

Btc is now $112k. Let say you buy $50 today and tomorrow, it goes up from $112 to $130k, check your wallet, your $50 would have been around $80 - which means, you’ve gained $30. You can choose to sell the $30 and buyers will credit you naira into your account and you can choose to leave it for further $ grow. You can wake up another day and see that it has gone up again from $130k to $150k, your own money go grow up again..

That’s how to make money from btc..

CaseSensitive:
Just 30 minutes before Trump made the announcement, a trader opened a leveraged Bitcoin short. After the announcement, market crashed and two hours later, the trader walked away with $192 million in profit.

Oh Baron Trump - the president's 19 year old son made about $150 million too from the crash. This is not the first time something like this happened in Trumps administration.

Coincidence?

Princewill1:
Crypto is a scam

All businesses in it all you do is to speculate are the same. Examples: stock trading, sports betting, Forex trading, binary options, crypto currencies. They are all the same, nothing different, just a change of name.

Speculation is simply prediction.

It's stupidity to call sports betting gambling and crypto an investment.

Gambling means 'risking money to make more money.' Same 'risking money' that people do when trading crypto.

Crypto is bet9ja in disguise, argue with your phone.


https://www.youtube.com/watch?v=iopSFri_bQc

Originalsly:
Not into crypto... but if Trump can just make a statement and cause it to crash then it can never be stable as long as Trump has that power. Would there be an investigation of inside trading by Trump? ...would he be quietly telling his family members get rid of your crypto ... two days from today I'll be making a big announcement.... a very big announcement that will crash crypto. Why wouldn't be?

Tayorshd87:
Thanks for the advise but plz it it only BTC or including other coins too like etherium xrp and so on

blamingthedevil:
Just another Ponzi Scheme

Anything he touches get destroyed

God Bless President Bola Tinubu

God Bless Federal Republic of Nigeria

PulaPower:
My email, can’t access it right now..

But I can assure that I can help with all info you’ll need thru here, if you won’t mind..?

OlawaleBammie:
No wahala bro.

The tin is, I want to go into trading, either forex or crypto, but I have always bn sceptical about it cus it's something I have little knowledge about..
Tho knowledge doesn't come once, it comes gradually tru persistency and all, that is why I think I can go with the advice u made up there by buying btc worth of dollars(I don't know if I got it right).

And again, I want to be having some savings and I think it will be better to have that in usdt or usd and what u said is also a perfect opportunity to key into that. But u have to help me further for more enlightenment about this whole stuff.. plsssss