So this is a thread I thought might be a good idea for us to encourage each other especially with the effects of the corona virus pandemic on the year 2020 as a whole and how if affects the average Nigerian businessman/entrepreneur.

We can share stories, experiences learnt this year and tips for 2021.

Thread open for everyone from online freelancers to agro produce exporters.

Please lets keep the thread clean, no unnecessary comments so readers don’t scroll too much to find relevant stories.

You start first

People think once you start buying and selling of bitcoins you are automatically a fraudster
Got many messages on Whatsapp from some buffons here Calling me scam, the few who dealt with me had no regrets, and why this mentality
Poverty, seeing a fellow Nigerian progress for dis buhari regime dey pepper Dem

My story.

Bitcoin: W
I sold about $45k worth of bitcoin in the early days of the corona virus pandemic when the price was crashing, I failed to buy back in when the price fell to around $4500-$5000 per bitcoin because I was hoping it will fall further to around $2500-$3000. I eventually bought back in at $7000 and sold when at $11,000. It did crash, to around $9000 about 2 months ago and I bought back in, I sold again at $19000 about 3 days ago. Beautiful year for crypto trading.

Football betting: L
About 3 months ago, I was kind of itching to invest in something new when I stumbled on a website that claims it gave accurate predictions, well I invested about 500k naira in it, I am not really a gambler but I just wanted to give it a try, and I actually won at first, doubled my money. Emboldened by my first win, I went in a second time, this time around with 3 million naira and I lost
Well even though I was really never much of a gambler in the first place. I am done with football betting now forever, expensive lesson.

US Stocks: W
At the beginning of the Corona virus I had some loose change and was looking to invest in something. It doesn’t take a genius to know that with lockdowns being imposed in many countries, many companies will experience a dip in stock prices because patronage is expected to fall, unless you have a business whose service will become more important during the lockdown. In March I bought 5 Amazon stock on eToro for $1820 each totaling just over $9000, I sold them in September when Amazon stocks was at $3400, I turned $9000 into $17000 in 6 months.

Freelancing: W
My day job is building mobile applications and websites and securing Offshore business licenses for clients. All the money I invest come from freelancing. This is a business that can be done by anyone. Start up costs are low, and with the unemployment rate among young Nigerians particularly so high I believe more of us should look towards getting into freelancing, and with the Naira so weak, earning in USD is basically a super power.

Tejuri:
My story.

Bitcoin: W
I sold about $45k worth of bitcoin in the early days of the corona virus pandemic when the price was crashing, I failed to buy back in when the price fell to around $4500-$5000 per bitcoin because I was hoping it will fall further to around $2500-$3000. I eventually bought back in at $7000 and sold when at $11,000. It did crash, to around $9000 about 2 months ago and I bought back in, I sold again at $19000 about 3 days ago. Beautiful year for crypto trading.

Football betting: L
About 3 months ago, I was kind of itching to invest in something new when I stumbled on a website that claims it gave accurate predictions, well I invested about 500k naira in it, I am not really a gambler but I just wanted to give it a try, and I actually won at first, doubled my money. Emboldened by my first win, I went in a second time, this time around with 3 million naira and I lost
Well even though I was really never much of a gambler in the first place. I am done with football betting now forever, expensive lesson.

US Stocks: W
At the beginning of the Corona virus I had some loose change and was looking to invest in something. It doesn’t take a genius to know that with lockdowns being imposed in many countries, many companies will experience a dip in stock prices because patronage is expected to fall, unless you have a business whose service will become more important during the lockdown. In March I bought 5 Amazon stock on eToro for $1820 each totaling just over $9000, I sold them in September when Amazon stocks was at $3400, I turned $9000 into $17000 in 6 months.

Freelancing: W
My day job is building mobile applications and websites and securing Offshore business licenses for clients. All the money I invest come from freelancing. This is a business that can be done by anyone. Start up costs are low, and with the unemployment rate among young Nigerians particularly so high I believe more of us should look towards getting into freelancing, and with the Naira so weak, earning in USD is basically a super power.

Followed you on that football and lost with you.
Please what's your stack in freelancing.

Tejuri:
My story.

Bitcoin: W
I sold about $45k worth of bitcoin in the early days of the corona virus pandemic when the price was crashing, I failed to buy back in when the price fell to around $4500-$5000 per bitcoin because I was hoping it will fall further to around $2500-$3000. I eventually bought back in at $7000 and sold when at $11,000. It did crash, to around $9000 about 2 months ago and I bought back in, I sold again at $19000 about 3 days ago. Beautiful year for crypto trading.

Football betting: L
About 3 months ago, I was kind of itching to invest in something new when I stumbled on a website that claims it gave accurate predictions, well I invested about 500k naira in it, I am not really a gambler but I just wanted to give it a try, and I actually won at first, doubled my money. Emboldened by my first win, I went in a second time, this time around with 3 million naira and I lost
Well even though I was really never much of a gambler in the first place. I am done with football betting now forever, expensive lesson.

US Stocks: W
At the beginning of the Corona virus I had some loose change and was looking to invest in something. It doesn’t take a genius to know that with lockdowns being imposed in many countries, many companies will experience a dip in stock prices because patronage is expected to fall, unless you have a business whose service will become more important during the lockdown. In March I bought 5 Amazon stock on eToro for $1820 each totaling just over $9000, I sold them in September when Amazon stocks was at $3400, I turned $9000 into $17000 in 6 months.

Freelancing: W
My day job is building mobile applications and websites and securing Offshore business licenses for clients. All the money I invest come from freelancing. This is a business that can be done by anyone. Start up costs are low, and with the unemployment rate among young Nigerians particularly so high I believe more of us should look towards getting into freelancing, and with the Naira so weak, earning in USD is basically a super power.

nice one! Next when investing in crypto assets, make sure you introduce cost averaging. more blessing

brandable:


Followed you on that football and lost with you.
Please what's your stack in freelancing.

Was that you? Sorry about that bro.

I didn’t understand the freelancing question.

mike8804:
nice one! Next when investing in crypto assets, make sure you introduce cost averaging. more blessing

When I sold, I sold all I held because I was anticipating a sharp and quick crash. But cost averaging is a wise strategy to use in crypto trading I agree.

Tejuri:
Was that you? Sorry about that bro.

I didn’t understand the freelancing question.

Yes it's me Jude.

You said you freelance building mobile apps and website. Am asking what language do you specialize on for freelancing. I believe java is one of them.

brandable:

Yes it's me Jude.

You said you freelance building mobile apps and website. Am asking what language do you specialize on for freelancing. I believe java is one of them.

Python. I am also decent at a couple other languages.