₦airaland Forum

Those at the top of the pyramid, will cash on the people at the middle and lowest level, while those at the middle will make little profits, on those at the lowest, this is what the ponzi scheme is about, so those people who want to cash on early, are only propagating the scam.

govomotors:
I said, I will not be party to any money doubling scheme, the invested always end up weeping.

Why will in Nigerian government allow companies that are not registered to be operating?

adonainana:
Have noticed a pattern

Whenever there is a pending recession or a current recession in Nigeria, a lot of Ponzi schemes spring up,

Just like in late 2016 and 2017, it was only MMM, there were like hundreds, MMM was just the biggest because it had billions of naira in it.

Forex is real and sometimes just like any investment the value of your investment can go up and go down, this is what people fall for and the fund managers too never are truth full about the whole thing.

Apart from Nigeria stock exchange, all other investment schemes in Nigeria are Ponzi run alike. They simply subtitute funds of new members for old members. If it’s years or months Kasala will eventually burst

Anyone please I run a hotel business and I’m looking for someone to invest in my hotel business, I make 600,000 naira in sales every month ( I have my books of records for
Anyone to see and view )

I need investments above 50k . I can easily offer a 30 percent return on investment

Please my hotel business is a real
Business and is located on the expressway here in Ibadan

Please reply to this text so we can publicly discuss everything on here for everyone to see

Please help rich people in the house

Thief

Juliearth:
His loss is also your loss because I doubt if he would refund you.

I have actually resolved in my mind to let it go if he's unable to refund( he definitely won't be able to) But he will never come close to me with money matter again. My aunt(his mother) called me in panic yesterday asking me what's next, thinking the money will cause wahala between us!...... just imagine what his actions is making my aunt go through

xscoffy:
I know much persons like u will still come under this tweet. Defend any shit u wanna defend, bet n forex is absolutely same. It's simple. Only those that can't been in both can be deceived.

This is same language that lures pple in n hardly end well. Ur trying to defend forex now.. lemme give u money to trade for me n make profit., We will still have to come BK here to settle scores.

Bet and Forex are similar but are not the same. They both involve speculation. In bet, cash out of an event you predicted that is going in your favour or not in your favour is based on the discretion of the bookmaker like bet9ja. Example: Mr. A places a huge stack of bets on bet9ja with 100 naira in a bid to win 30 million naira, and all the games have entered, remaining ,Leicester to win Brighton @ under 2.5.... Mr.A cashing out is fully at the discretion of Bet9ja. If bet9ja doesn't offer this option and Leicester goes on to win the game 2-1; Mr. A loses everything.
On the other hand , in Forex , if Mr. A buys eurusd and expects it to move by 40 pips and it has moved by 5 pips...if A believes the move may go agst him, the Forex broker totally permits him to cut the trade there and take his profit.

I am very skeptical when it comes to forex, it sounds magical, too good to be true, they mesmerize people

Sonyboom:
You too sabi
But I like how they teach fools to be wise.
If you tell Nigeria not to invest in anything Forex them go do like say na dem sabi pass.

I am yet to see any rich personality common who claim he became rich via Forex trading.

Sermwell:
Just be wise in this life! My target saving this year was at least #25m. By September I already saved #18m. One useless cousin of mine came to preach MBA forex to me, I just laughed. He pleaded with me to lend him #1m to invest in MBA forex which I did.
Now he's regreting. people sha!!

boss man as u mention 25m so my head swell...I have this ur saving Spirit, the money i have been able to save this year is 150k i know say e small but that is due to my take home salary, am planning to see if i can raise it up to 500k by next year to start a business. the target (500k) is too big but i know say God no go shame us

Geovanni412:
Bet and Forex are similar but are not the same. They both involve speculation. In bet, cash out of an event you predicted that is going in your favour or not in your favour is based on the discretion of the bookmaker like bet9ja. Example: Mr. A places a huge stack of bets on bet9ja with 100 naira in a bid to win 30 million naira, and all the games have entered, remaining ,Leicester to win Brighton @ under 2.5.... Mr.A cashing out is fully at the discretion of Bet9ja. If bet9ja doesn't offer this option and Leicester goes on to win the game 2-1; Mr. A loses everything.
On the other hand , in Forex , if Mr. A buys eurusd and expects it to move by 40 pips and it has moved by 5 pips...if A believes the move may go agst him, the Forex broker totally permits him to cut the trade there and take his profit.

Stories.

Come let's get to d court n sign documents lemme give you 200k for a start. I bet u, after a month.. I will still get stories from u

You called a friend and he gave u some apps and 2days lesson on WhatsApp so u tink u are now a professional trader cos u know just few things so u invested ur money and it ended in tears...den u concluded forex is a scam and just like gambling ...someone even said he has never seen any successful person who claimed to make it through forex trading...u sure don't really have much successful pple around u I must say cos there are countless young lads about your kid brother making cool money from that outfit u are bad mouthing....I really also don't believe in investing cos outfit like that don't stand the test of time in this part of the world ...but seek knowledge and be persistent den u reap the reward...dollar won't just fall into ur account

xscoffy:
I know much persons like u will still come under this tweet. Defend any shit u wanna defend, bet n forex is absolutely same. It's simple. Only those that can't been in both can be deceived.

This is same language that lures pple in n hardly end well. Ur trying to defend forex now.. lemme give u money to trade for me n make profit., We will still have to come BK here to settle scores.

I dont trade 4 people and I do what I do with joy and fulfillment. I ain't trying to deceive or convince anyone,I'm just stating things based on my own experience and understanding,Nigerians discouraged me from taking this path but encouraged me to invest in mmm I chose my path and it was worth it that's all that matters to me.

Dliquidmetal:
I dont trade 4 people and I do what I do with joy and fulfillment. I ain't trying to deceive or convince anyone,I'm just stating things based on my own experience and understanding,Nigerians discouraged me from taking this path but encouraged me to invest in mmm I chose my path and it was worth it that's all that matters to me.

Every Nigerian will as well tell u same

Twelfthman:
My ex pestered me so much to invest in these stuff lol I I really don't trust these kinda stuff so I told her no. She got angry few months later she called me and told me about how the one man was about to run away with investors money and now she in debt and the suppose man at efcc custody. A lot of people had invested in the scam company through her.

Just imagine! Both of you would have been in a serious distress by now! God forbid.

they follow the season, when it starts early they try to cash in, as soon a possible, almost like gambling

byrron:
Most Nigerians and ponzi schemes are so inseparable, and they still don't learn any lessons.

They will continue to do such schemes, especially the people who are into 419

TOPCRUISE:
If you want to be richer than dangote in this country just start a Ponzi scheme with empty promises. A lot of Nigerians will invest. If they have learnt their lesson the hard way they will still invest in it with the excuse that business is full of risk.

what's all this noise about MBA. did they force anybody to invest. nobody was hold on a gun point to invest in MBA. people went into it with their eyes open. I have #2m with them and am not regretting it. I knew it was a Ponzi game, even when someone introduced it to me as a forex trade, I told him plainly it was a Ponzi game before investing with them. at least I made more than #3m from them before they stopped paying.
this is how I use to introduce MBA to people... I will tell them it's like a game. you may win or loose. I do tell them the business will come and go, but if you're lucky you will make lots of money before it go. and I tell them to play it like a BabaIjebu and naira bet. I advise them not to put people's money in it. play Ponzi with your personal money, don't borrow to play. infact I have another one (Ponzi GAME) am playing right now (bara investment. also Ponzi game). they're like a rival to MBA and am sure they are the ones that crashed MBA...
my tribute to MBA - my dear MBA if this is your final bus/stop, I want to tell you that you have done well. you have made so many people rich, even though you are going down with some investors money, but you still made some of us (those who knows how to play the game) proud. please when next you're coming, come with a bigger interest rate, bcoz that your 15% is too small and that was why BARA nock you out immediately with very little fight. Goodbye MBA. see you next year in another form with a new name.

These conmen use corporate terminology to confuse the masses.

Majority of Nigerians are mugu.

xscoffy:
They are still defending that it never crashed oooooo.

Greed and poverty won't allow Nigerians to be wise.
Imagine someone calling Ponzi an INVESTMENT.

All this schemes will never work in Nigeria anymore. I once saw some complaining he invested 55mil in MBA. I was like.... "What level of greed is this"?? A company u ain't the owner n anything can happen at any moment. He would have easily used d money to go into properties. If eventually he doesn't get BK his money from MBA, what's he gonna do

My friend even used his life to convince me around June this year to go n invest with MBA, I refused. He did everything possible n I refused. I asked him several questions. If MBA claims they use a robot which helps them monitor d market well n avoid loses, what happens if almost everyone in d forex biz got that same robot? You think d forex companies will happily be running a biz without making profits ??

Forex is equivalent to bet. There is no single difference. Both are profit n loss biz. Now ask urself this question.. if bettors are always winning every game they stake, do u think bookies will continue emerging from no where on daily basis? Bookies are fully aware they are gaining more than the bettors, therefore will continue with their biz n can't close down. This is same thing applicable to d so called forex. If u think it's a joke, them go n learn n start investing. U will end up understanding this analysis.

Those into forex will always find a way to convince u it's better than bet. I have been into both n u can't convince me. The relationship between both is that LOSSES are both involved. Forex traders will always wanna proove to be legit and legal n see bettors as sinful gamblers whereas both parties are in d business of GAMBLING.


MBA was simply into Ponzi. They were using the new investors money to pay the old investors,d moment d newbies influx got low,they started having issues paying again. Issa simple LOGIC

forex is not gambling.betting is gambling I agreed .Forex is more technical and skilled oriented.it is a skill.Thats why some study it to become professionals.There is no luck in it.
For MBA they are just ponzi scheme.They are using forex name to scam ppl that's all.

gaskiyamagana:
In Jesus Christ name, your money will get back to you before the year runs out.

Did they ask Jesus before investing?

xscoffy:
Stories.

Come let's get to d court n sign documents lemme give you 200k for a start. I bet u, after a month.. I will still get stories from u

I didn't solicit for your funds so what makes you think I want it? Real returns on fx range from 2-20 percent per year. And that is the same for any investment company out there. There are collective investment schemes registered with the Securities and Exchange Commission...do your research and pick any among them.

emmanuelewumi:
I hope you know the difference between having forex denominated Investments and trading in forex.

Dangote got a dividend of over N230 billion from Dangote Cement in 2019, it is possible for him to invest part of his dividends in Eurobonds, real estate in the US, or New York Stock Market, in order to earn dollar denominated coupons, rents and dividends

It's possible for to do all what you mentioned, but not possible to trade?

xscoffy:
Stories.

Come let's get to d court n sign documents lemme give you 200k for a start. I bet u, after a month.. I will still get stories from u

Oga betting and forex are not the same. One deals purely on speculation, the other deals on forecast based on macroeconomic trends. The problem is like most peoppe like you are not patienct to learn the rudiments and dont have the psychology of an investor. They want to cash out immediately. Others get fruatrated after a short while and say its gambling. When they say watch channels like Bloomberg, CNBC and follow Yahoo Finance, you would be watching BB Naija and Soundcity. Now look at how you are exposing your ignorance.

Donfx:
forex is not gambling.betting is gambling I agreed .Forex is more technical and skilled oriented.it is a skill.Thats why some study it to become professionals.There is no luck in it.
For MBA they are just ponzi scheme.They are using forex name to scam ppl that's all.

Even football betting is a skill. Forex and Football betting are thesame thing. First one you are trading to make money on foreign currency fluctuations. Second one, you are trading to make money on football results which are also subject to fluctuations. You don't control the outcomes in both. It is thesame structure involved.

There are people who win football betting everyday. Is that luck ? No, they have mastered the skill.

The bookmakers are human beings. You can study what they do and understand it very well after amassing tons of data.

Princewill1:
All businesses that involves speculation example: stock trading,sports betting, Forex trading, binary options, crypto currencies are all the same nothing different. Just a change of name.

It's stupidity call sports betting gambling and Forex trading investment.

Gambling can be simply be defined as risking money to make more money.

So in all businesses listed above it all involves risking money to make more money. All the businesses above are in the same category.

There are differences in all.they are not the same.there are no business you will engage that you won't risk money to get money.Absolute known.
While it seems forex is different from them is that forex is highly skilled oriented and very volatile.
It takes a lot to acquire the skill.yes

Mrpojj:
Baba it's possible if you know what u are doing

You can make 15 percent personally for yourself, but if you give your clients 15 percent profit...how much are you making yourself? Unless you are Rafael Nadal of Forex , I can't see that payout being sustainable.

400billionman:
Even football betting is a skill. Forex and Football betting are thesame thing. First one you are trading to make money on foreign currency exchanges. Second one, you are trading to make money on football results. You don't control the outcomes in both. It is thesame structure involved.

There are people who win football betting everyday. Is that LUCK ? No, they have mastered the skill.

Some people say football betting is luck. Empty lie.

The bookmakers are human beings. You can study what they do and understand it very well after amassing tons of data. If you are high in IQ.

So the big banks and financial institutions that trade in forex and have established currency desks are betting with people's money and regulators have not clamped down on them?. You dont know what you are saying. Go and read books lest you would be exposing your unclothedness in a public space

Sysdatek:
I have made millions from forex and yea i dont run a ponzi or sell seminars

ignorance is a disease tell them sir.what you don't know is bigger than u

afroxyz:
Oga betting and forex are not the same. One deals purely on speculation, the other deals on forecast based on macroeconomic trends. The problem is like most peoppe like you are not patienct to learn the rudiments and dont have the psychology of an investor. They want to cash out immediately. Others get fruatrated after a short while and say its gambling. When they say watch channels like Bloomberg, CNBC and follow Yahoo Finance, you would be watching BB Naija and Soundcity. Now look at how you are exposing your ignorance.

Otedola, we have seen u after watching ur CNN. Bingo

xscoffy:
Otedola, we have seen u after watching ur CNN. Bingo

Ekuke. I didn't say CNN. Watch bloomberg and CNBC. It would add value to your life. Not Big Brother and Soundcity. That's why you don't even know the difference between forex and gambling.

[quote author=Dliquidmetal post=97409025]what business records no loss? You said you been in both forex and bet and its same,I no dey argue o but theres a difference my brother maybe you prolly was in forex for a couple months but I've been in this shit for atleast 2years and most people that compare forex to bet have little knowledge and experience in this field.[/quote exactly they have no understand ing some zero knowledge.forex is not for faint hearted .it is highly technical.The two are not same at all.but when you become forex expert the sky is your limits

afroxyz:
Oga betting and forex are not the same. One deals purely on speculation, the other deals on forecast based on macroeconomic trends. The problem is like most peoppe like you are not patienct to learn the rudiments and dont have the psychology of an investor. They want to cash out immediately. Others get fruatrated after a short while and say its gambling. When they say watch channels like Bloomberg, CNBC and follow Yahoo Finance, you would be watching BB Naija and Soundcity. Now look at how you are exposing your ignorance.

I will be waiting for ur next reply. We will rubbish ourselves here today since u don't know how to ignore post if u can't sit ur view without insults.

Idiot. Pple like u r the reason many will keep losing their money. U run ur mouth n when it's time to prove what u say, u run back to ur shell

afroxyz:
Ekuke. I didn't say CNN. Watch bloomberg and CNBC. It would add value to your life. Not Big Brother and Soundcity. That's why you don't even know the difference between forex and gambling.

Fool. And how much have u made from d forex to come out here to defend it. Anyday u stop it, u will loose ur life. Scammers all over this app seeking for who to lure with sweet mouth. Bloomberg and CNBC kill u there

Geovanni412:
You can make 15 percent personally for yourself, but if you give your clients 15 percent profit...how much are you making yourself? Unless you are Rafael Nadal of Forex , I can't see that payout being sustainable.

Even if you make 18 percent of clients money, give them 15 and keep 3 Percent you have made money for your service
I am not doubting that there are fraudulent people who may not know what forex is all about
What am saying is that it seems there is a grand plot to discredit every single forex company out there