alphaNomega:
what did Elon musk update on Twitter?

MicroStrategy now has a Bitcoin portfolio in excess of $1billion. Their CEO dared Elon Musk to use the recent Tesla listing on the S&P 500 as a means of putting their portfolio on BTC. The thinking is, such a heavy institutional purchase would send Bitcoin prices soaring heavily, and then public participation would push the price even higher, raising Tesla's valuation even more.

Elon Musk replied to ask if it was possible to do this...meaning he is considering it seriously.

Tesla's valuation is worth more than all the top 10 car makers combined. What would happen if even 20% of this portfolio was moved into Bitcoin? Go figure.

general111:
lol..you that has good thinking faculty but you dont know tha forex is not ponzi..
Abeg shift

Forex is not ponzhi, but MBA is ponzhi cus they are not trading with you money...Baba no get hope say mba will be back cus he go shock you when u later realized..

general111:
Mr Op, that info is the pure truth..
The federal government are just trying to save the banks from further colapse.they have limited the amount of money mba can payout per day which is why they keep having issues paying peoples money..MBA is threatening to go to court as i speak now..
People no save their money in banks anymore, they take it to forex trading companies.

Will you keep kwaet! Liars. Government never prevented anyone from withdrawing from their account.

It is only the fx transfer companies that govt instructed banks to close their accounts and pay people directly in Fx as against naira that they were being played in the past.

So the question is is MBA a money transfer company? The answer is no, so they do not belong to that category.

Besides the account being closed never stopped the companies from getting their funds.

Please let's be guided.

Taeewo:
Forex is not ponzhi, but MBA is ponzhi cus they are not trading with you money...Baba no get hope say mba will be back cus he go shock you when u later realized..

na u sabi

SavageResponse:


Cryptocurrency is even the worst...in that one they will tell you you're buying an imaginary gold coin

Apart from that anyone can wake up and create his own crypto, 5years later you will hear that the owner died and he took the passwords with him

You're talking in the nonsense..
Cryptocurrency is not scam but if you buy scam coin no be person do you

SavageResponse:


Greed is Good -Gordon Gecko (Wall Street)

But be aware there is such a thing as being greedy foolishly. How is it possible for a company which claims to be doing forex to tell you that it will pay you ROI of 15% every month and you believe them?

Even the best forex traders in the world will struggle to maintain a consistent profit of 15% for 12 months straight!

To say the truth,it's really possible,,my guys here give 25,30 for 25 working days...and I'm also a binary trader..there are somethings you don't argue with people...binary hagf actually paid most of my bills and I'm cool with it..the profit might not be consistent tho,but that roi can be met..and I personally,if you should give me a proposal of investing with you with the aim of giving me 15%,I won't accept it.YES I WONT.i have been in the game and I know how it works.anything not up to 25,30 is a No no.its not rocket science,it's fact.and truth be told,you need patience to get your profits from forex..and everyday can't be christmas.somedays I go to bed smiling,some days I go to bed angry.im not actually arguing with those of you who doesn't really have even little knowledge about forex and crypto.but all I have to say is that Roi is possible...SHALLOM

If you talk about bank restrictions,I will agree with you.thats very much possible cus I have experienced such..and I had to move my money via crypto.the government are in this for sure..

stagger:


MicroStrategy now has a Bitcoin portfolio in excess of $1billion. Their CEO dared Elon Musk to use the recent Tesla listing on the S&P 500 as a means of putting their portfolio on BTC. The thinking is, such a heavy institutional purchase would send Bitcoin prices soaring heavily, and then public participation would push the price even higher, raising Tesla's valuation even more.

Elon Musk replied to ask if it was possible to do this...meaning he is considering it seriously.

Tesla's valuation is worth more than all the top 10 car makers combined. What would happen if even 20% of this portfolio was moved into Bitcoin? Go figure.

Elon Musk replied but it was a sarcastic one and should not be intepreted as him considering it.

Bagehot:


I dont have a problem with bitcoin but rather the speculation fuelling the bitcoin bubble. The soaring value of bitcoin is based on something called 'the greater fool' theory - assuming that by being the first fool to buy something at an outrageous price, there is always a bigger fool to buy at an even more outrageous price.

Thats the narrative Wall Street is spreading because they don't understand what's coming. Institutional investors are trooping leave the armchair theories for the philosophers

poster stop talking rubbish... MBA is not a ponzi it's licensed Google is ur friend don't publicize ur ignorance if ur not ready to research

Willie2015:


Great traders for where...
Use your brains now...
If its simple as ABC
Top banks/Invstmt coys like Zenith, GTB, Ibtc Asset Mgt etc...
Will have dominated that sector...
By payin those great traders...
With the billions they rake in from banking bizness...
MBA Forex is simply a Ponzi....

Bro I know someone who lives solely off Forex trading in USA...she is a very good trader...she has a strategy...that helps her earn daily...even her kids are now into it...lil kids that are between 12- 18...and who says these coys u mentioned don't also invest in crypto currency and other binary markets...the money u put in the banks are used for their personal investments...and crypto currency and forex are some of em...the best of traders record loses though but you wins should far outweigh your loses...some days they make super huge profits too...so pls dont rule our forex as a scam or wrong investment...it's for those who are thick minded and can take risks...cos the market is very volatile...this is why in the uk and in most parts of the world I know of there are no taxes attached to it...it is categorised under gambling...

EmmySparky:
Bro I know someone who lives solely off Forex trading in USA...she is a very good trader...she has a strategy...that helps her earn daily...even her kids are now into it...lil kids that are between 12- 18...and who says these coys u mentioned don't also invest in crypto currency and other binary markets...the money u put in the banks are used for their personal investments...and crypto currency and forex are some of em...the best of traders record loses though but you wins should far outweigh your loses...some days they make super huge profits too...so pls dont rule our forex as a scam or wrong investment...it's for those who are thick minded and can take risks...cos the market is very volatile...this is why in the uk and in most parts of the world I know of there are no taxes attached to it...it is categorised under gambling...

Investigate the person properly.
There are other sources of income...
She did not disclose to you...
Even top asset managers that employ CFAs..
And top quantitative whizkids...
Dont guarantee returns....
Am not ruling out Forex trading as a source of income
For disciplined traders...
Am only against the way it is been advertised and abused in Naija
With guaranteed ROI

Willie2015:


Investigate the person properly.
There are other sources of income...
She did not disclose to you...
Even top asset managers that employ CFAs..
And top quantitative whizkids...
Dont guarantee returns....

you are partially right though...u cannot get a guaranteed profit regularly...that's why a risk manager and good financial expert is employed by some companies....to save for the dry days... definitely any sensible person should Branch out when making profit from forex...but it doesn't rule out the fact that there are some very good stay home forex traders that are making huge cash...when u see the kinda cars they ride u would be motivated...people see them as drug traffickers sometimes...cos of the kinda money they sometimes make...consistency is the problem though

RealEzee:
my goodness no jonz, u r given 30% on ur ROI, that's doesn't mean they are keeping 70% man, they can as well make tons from ur investment but d deal is u r given 30% ROI on ur own investment, they already highlighted what they do with your money to trade, las las your own is do wetin ur heart n mind fit carry,banks say they do business with ur eg forex yet they can do anything that seem to bring in profits for them and give u an agreed sum of returns on ur own money kept with them gbam , simple business kwa I wonder were the talk of they keep 70% came from?

no no no... 70% so they can cut you 30% and 70% is imaginary money. You think the employees, building, electricity and computers pay them selves.

SavageResponse:


Greed is Good -Gordon Gecko (Wall Street)

But be aware there is such a thing as being greedy foolishly. How is it possible for a company which claims to be doing forex to tell you that it will pay you ROI of 15% every month and you believe them?

Even the best forex traders in the world will struggle to maintain a consistent profit of 15% for 12 months straight!

You do realize the protagonist went to prison right?

stagger:
Most people here do not even know how the forex market operates.

I recently participated in an investment bank simulation and my results are attached:

If you all knew how the market operates, you will know why investment banks always make billions from this market and the retail traders just keep floundering. All I did to generate these results was to make the markets for premium clients, then offload them on retail brokers, who would in turn resell the positions to their retail clients.

You can NEVER beat the sell side participants. If your trades are not going in their direction, forget it.

Making such returns that MBA Forex was promising its clients as a retail trader is IMPOSSIBLE. Trust me, I know it from an insiders point of view.

Nigerians dont want to hear this. They are all operating on an emotional level.
MBA straight up lied and said they had computer and electrical issues and the reason for the delay. Now the truth comes out.

This is the best advice I ever heard. The Government is the Casino and you never come out of the Casino with more profits. Learn to take small portions out legally and ethically and you can become wealthy.

Look at Jack Ma of Alibaba currently The Casino is out for blood.

afroxyz:


Thats the narrative Wall Street is spreading because they don't understand what's coming. Institutional investors are trooping leave the armchair theories for the philosophers

/
Exactly how most people didn’t understand MMM except wisemen like you. And those wisemen were left holding empty bags.

I don’t preach against crypto. If you are one of the early comers and see good profit, take it and run. There are always unscrupulous brokers that will make the journey to a financial freedom a nightmare. Forex is not the problem. The problem is MBA forex.

/

Licensed by who? SEC? YOU need to explain their lisense status.

dlordy100:
poster stop talking rubbish... MBA is not a ponzi it's licensed Google is ur friend don't publicize ur ignorance if ur not ready to research

CsRockefeller:


Nigerians are lazy and impatient, they rather make fast cash than build a million dollar company from scratch.

Well said. Nigerians love mocking hard working legitimate people a whole lot.

Omo wahala dey o. Is it not better to just save your money with iNEST BY FCMB and watch it gain Interest, instead of investment that has zero returns

Theoutsider:


no no no... 70% so they can cut you 30% and 70% is imaginary money. You think the employees, building, electricity and computers pay them selves.

stop acting silly,if u r in biz with someone and you r promised 30% ROI on ur investment does that mean they're keeping 70% n cutting u 30%? We are talking about returns on what you put in and not the total made by the biz, they can as well make 10 times ur investment yet u r only given returns on the percentage agreed upon ur capital invested and not the total profits made by the biz, stop acting silly

cassidy1996:
dem nor dey hear word

HYIP, MLM, FOREX, binary options, and cryptocurrencies na the same shirt all of dem wear. be wise

What’s the business with forex and cryptocurrency in this one ?

Educate yourself. The others are scams. The aforementioned two are performed by normal people daily

SavageResponse:


Cryptocurrency is even the worst...in that one they will tell you you're buying an imaginary gold coin

Apart from that anyone can wake up and create his own crypto, 5years later you will hear that the owner died and he took the passwords with him

Lol. This post shows you’re a financial and computer illiterate.

Is the naira and dollar not imaginary in the real sense of it?

ismail64:
Is a pity that some still believe the Company will come back. My question on MBAForex has always been. Is it that they don't make losses that you promised investors 15% guaranteed returns monthly. If we all agree that forex is a highly risky and volatile market. How and where is MBAForex generating their guaranteed returns from without making losses.

We will wait till January and see what happens.

You’re a smart man

RealEzee:
stop acting silly,if u r in biz with someone and you r promised 30% ROI on ur investment does that mean they're keeping 70% n cutting u 30%? We are talking about returns on what you put in and not the total made by the biz, they can as well make 10 times ur investment yet u r only given returns on the percentage agreed upon ur capital invested and not the total profits made by the biz, stop acting silly

Damn you are dumb. I mean really are you this dumb.

If you give me 1000 and promise you a 30% return.

I give you 300 right.

That means I the business need to make at last 50-70% returns from your 1000

500-700

Because it cost resources to make your 30% return

Do you under stand coconut head!?

You think those offices are ran on the holy spirit.

Also the terms read up to 15% and on top of that based on the contract they can kick you out and take your money with out civil penalty because you signed that contract!

[quote author=Cardinalpoint post=97381053][/quote] that's your own understanding of forex,I've invested enough time to learn this thing and I tell you,this shit is amazing man. It's only people who dont spend enough time actually learning and not earning that have your kinda stereotype,you dey compare fx to bet?

haryomikun:

Lol. This post shows you’re a financial and computer illiterate.

Is the naira and dollar not imaginary in the real sense of it?

The Naira and Dollar are backed by law, the nonsense crypto is not backed by law in any country on earth!

Theoutsider:


You do realize the protagonist went to prison right?

Yes I'm fully aware of this

And to think someone has been after me to invest in this kind of scheme(VGC) for the past 6months now? Told him as a financial expert, there is no investment that guarantees an ROI of 20% per month or 240% per year!!!. In fact, the moment you mention guaranteed ROI, i get put on guard.
All this are pyramid scheme that depends on new inflow to pay old members. As their rank swells, so does the need for more inflow to pay old "investments" until a saturation point is reached. All HYIP will fail. Its 100% sure. Its only a matter of when and how fast it will. The lower the guaranteed ROI, the longer its likely to stay, but it will still fail.
Of course, if you join early, you are likely to make a lot of money. Afterall, some people cashed out heavily on MMM.

By the way, my friend has made his returns steadily on his 1m investment for the last 6 months. Still wont advice anyone though

SavageResponse:


The Naira and Dollar are backed by law, the nonsense crypto is not backed by law in any country on earth!

And that’s the beauty of it. It is backed by the people themselves! Cryptocurrency is the definition of financial anarchy

The naira and dollar that are backed by law, have they not lost value since the start of the corona virus? Can you make cross-border payments without changing them?

No characteristic of fiat money states that it has to be backed by law. Only that it should preserve value and should not be produced in mass quantities to prevent inflation. Cryptos satisfy both qualities better than the dollar you’re screaming about

Preator:
And to think someone has been after me to invest in this kind of scheme(VGC) for the past 6months now? Told him as a financial expert, there is no investment that guarantees an ROI of 20% per month or 240% per year!!!. In fact, the moment you mention guaranteed ROI, i get put on guard.
All this are pyramid scheme that depends on new inflow to pay old members. As their rank swells, so does the need for more inflow to pay old "investments" until a saturation point is reached. All HYIP will fail. Its 100% sure. Its only a matter of when and how fast it will. The lower the guaranteed ROI, the longer its likely to stay, but it will still fail.
Of course, if you join early, you are likely to make a lot of money. Afterall, some people cashed out heavily on MMM.

By the way, my friend has made his returns steadily on his 1m investment for the last 6 months. Still wont advice anyone though

The same thing I said to people on my Whatsapp status. You can make money from a ponzi scheme. However, make sure you’re early and there are no signs of imminent absconding.

Then put what you can afford to lose just once and jump out immediately to avoid getting greedy

I also maintain that even a legitimate investment that guarantees ROI seems shady. Even for forex investors. Guaranteeing a person a specific ROI means you’ll over trade and probably lose the person’s money.