legacystore:


I have not saved there before but rates are usually per year

okay thanks

legacystore:


I have not saved there before but rates are usually per year

how do you know what coins to pick to get your profit?

Dramadiddy:
can you help me explain this, does it mean I get my money with 7% interest in 90 days?

The annual interest rate is 7% (i.e. interest rate for 365 days).

Interest = (principal X rate X time)/100

So let us take your principal is $1000. The rate is 7% and the time is 1 year (i.e. 1).

Interest amount = (1000 X 7 X 1)/100, = $70

$70 is the interest for 365 days. We can use 360 days for convenience sake.

90 days is a quarter of 360 days. Therefore, your 90-day interest amount will be a quarter of $70, which is $17.50.

So your 90-day interest on $1000 is $17.50.

These investments typically favour those with huge capital. So let us say you have access to $100,000 (N46,000,000). Your interest for 90 days will be 100 times the calculated amount, which is $1,750.

Typically, the bank or crypto platform is taking your money and doing business with it, and compensating you with 7% returns on it. They know they will make far more out of it than you can because they have access to several money making channels.

These investments are not known to be high-paying. Their benefit is in the assuredness of the returns. Some people like it that way. I personally do not. I have turned a $67 gold account into $250 in a month of trading. I also used a $100 account on Deriv.com to milk N20,000 every three days in December, which is where I got money to send to my people for Christmas as I did not want my primary earnings disturbed.

So that is it. Some like chicken boiled, some like it fried and some like it roasted.
I hope my explanation helps.

Dramadiddy:
can you help me explain this, does it mean I get my money with 7% interest in 90 days?

7% in 90 days is good when you campare with what's available on the open market. I invested in a scheme that earns me 1.4% daily and also I benefit from the rise of bitcoin. Moreso I get my interest daily and capital back in 15 working days. Check my thread:
https://www.nairaland.com/6343837/2021-investment-journey

Dramadiddy:
can you help me explain this, does it mean I get my money with 7% interest in 90 days?

A year. But your money stays lock for 90days.

staga:


The annual interest rate is 7% (i.e. interest rate for 365 days).

Interest = (principal X rate X time)/100

So let us take your principal is $1000. The rate is 7% and the time is 1 year (i.e. 1).

Interest amount = (1000 X 7 X 1)/100, = $70

$70 is the interest for 365 days. We can use 360 days for convenience sake.

90 days is a quarter of 360 days. Therefore, your 90-day interest amount will be a quarter of $70, which is $17.50.

So your 90-day interest on $1000 is $17.50.

These investments typically favour those with huge capital. So let us say you have access to $100,000 (N46,000,000). Your interest for 90 days will be 100 times the calculated amount, which is $1,750.

Typically, the bank or crypto platform is taking your money and doing business with it, and compensating you with 7% returns on it. They know they will make far more out of it than you can because they have access to several money making channels.

These investments are not known to be high-paying. Their benefit is in the assuredness of the returns. Some people like it that way. I personally do not. I have turned a $67 gold account into $250 in a month of trading. I also used a $100 account on Deriv.com to milk N20,000 every three days in December, which is where I got money to send to my people for Christmas as I did not want my primary earnings disturbed.

So that is it. Some like chicken boiled, some like it fried and some like it roasted.
I hope my explanation helps.

thanks so much, I’ve always been confused about that section

Alexxien:

A year. But your money stays lock for 90days.

understood. Thanks

Maxim69:
please which wallet are you using?

Roqqu

I bought 31 ripples yesterday and made #500 gain today.. lol. I sold the gain worth and left the capital. Now I want to buy more coins, between bitcoin cash and litecoin which is preferable.

I tried to authenticate my binance acct but it's not working. I want to Know whether they have working days

MyChoice1:
I bought 31 ripples yesterday and made #500 gain today.. lol. I sold the gain worth and left the capital. Now I want to buy more coins, between bitcoin cash and litecoin which is preferable.

Which app are you using?

This thread reminds me of how I started my journey into crypto ....back in 2016/17 I had to buy some crypto so as to join some Ponzi schemes (the country was lite with many crazy Ponzi schemes at that time). I knew nothing about crypto but YouTube gave me all the education I needed, I joined and subscribed to most crypto communities and realised that this stuff (crypto) was really the future. Around early 2017, the crash came...the Ponzi schemes crashed, bitcoin along with all other alt coins plummeted in price. It was really ugly! But I had gone too far to turn back, I watched an interview of chamath palihapitiya( former executive at Facebook) dude is one young smart billionaire in the US. He advised that the period of a price crash in BTC was the best time to buy, I picked this....and have continued to save every penny that crossed my hands in BTC. Today, the compound value of my BTC portfolio after 4 years is mind burgling, sometimes I wake up in the morning and just scream ahhhhh ...like, where all this money come from
But I ain't cashing out, I really don't have a solid plan of what to do with the money. Also, the current forecasts from most tech genius points towards 100k$ by December 2021(for BTC) and I believe this is feasible, because there is an unprecedented case of institutional adoption, most billionaires are also integrating BTC as a part of there financial portfolio.
The Nigerian government on the other hand is hell bent on destroying the naira with her implosive fiscal policies, incessant borrowings and a central bank that is built on cannibalistic monetary policies....so withdrawal to naira is a NO NO! never save or hold in naira!

My advice to anyone who intends to join and invest in the crypto space:
1) get educated on crpto- YouTube is the greatest university of our time,( it's also the lazy man's school ) you will be shocked at how much you will gain, but if you prefer a more traditional form of learning, try enrolling for crpto related courses on udemy or Coursera.org, most of these courses are free.

2) Have a plan- (hold for the long term) what do you really want from crpto? a few hundred thousand? Millions? Or even billions of naira?....truth is, with crypto you can achieve any of these. What you need is a plan and a time frame, earmark a certain portion of your income that will go into your crpto investment and be disciplined to stick to it. Also, bitcoin might seem expensive today at 40k$ but people also felt it was too expensive few years ago when it was 10k$, understand it has huge future prospects and it's too early to place a price tag on it! Lastly on this.... DON'T SELL EARLY!! until you hit your target price.
while starting, I remember selling 0.2btc in Feb of 2017 for 105k naira because I wanted to buy a PS3 console, today that 0.2 BTC is nearly 4million naira . . So be disciplined, stick to a plan.

3) stick to the main utility coins- I hear people here talk of buying siacoin, nano and dogecoin... well, every Mallam with his own kettle, but from a personal stand point they all fall under my shitcoin list.yes...! Except you are a professional swing trader with deep knowledge of both technical and fundamental analysis, I will advice you stay off these kinds of dummy coins! Don't be penny wise, trying to invest in worthless coins because they are cheap and affordable, some of us don't even as much as check the white papers, projects or prospects of these shitty coins before jumping on them. Please, stay off them...As a starter stay with bitcoin, etherium and ripple/litecoin.

4) Don't freak out!!!- from time to time the crpto world is rocked with government attacks, political scandals and technical glitches. This is exactly what is happening to ripple now, there is usually a sharp loss of value as most frightened investors would cash out to save the value of their crpto assets. But they are going about it wrongly. Whenever this happens, you must buy this ( major utility coins) in bulk, as this is usually the only time you will possibly get them cheap and they 90% of the time will bounce back and even exceed their previous price range. So if you are looking for where to start, ripple is your best bet, followed by etherium and bitcoin. But if you have the money, shoot for the king(BTC) it's not too late.

Lastly...I will recommend that starters use roqqu or luno app, it's the best and convenient for those with little or no experience.
Good luck.

MyChoice1:
I bought 31 ripples yesterday and made #500 gain today.. lol. I sold the gain worth and left the capital. Now I want to buy more coins, between bitcoin cash and litecoin which is preferable.

where did you buy it?

ugonology:
This thread reminds me of how I started my journey into crypto ....back in 2016/17 I had to buy some crypto so as to join some Ponzi schemes (the country was lite with many crazy Ponzi schemes at that time). I knew nothing about crypto but YouTube gave me all the education I needed, I joined and subscribed to most crypto communities and realised that this stuff (crypto) was really the future. Around early 2017, the crash came...the Ponzi schemes crashed, bitcoin along with all other alt coins plummeted in price. It was really ugly! But I had gone too far to turn back, I watched an interview of chamath palihapitiya( former executive at Facebook) dude is one young smart billionaire in the US. He advised that the period of a price crash in BTC was the best time to buy, I picked this....and have continued to save every penny that crossed my hands in BTC. Today, the compound value of my BTC portfolio after 4 years is mind burgling, sometimes I wake up in the morning and just scream ahhhhh ...like, where all this money come from
But I ain't cashing out, I really don't have a solid plan of what to do with the money. Also, the current forecasts from most tech genius points towards 100k$ by December 2021(for BTC) and I believe this is feasible, because there is an unprecedented case of institutional adoption, most billionaires are also integrating BTC as a part of there financial portfolio.
The Nigerian government on the other hand is hell bent on destroying the naira with her implosive fiscal policies, incessant borrowings and a central bank that is built on cannibalistic monetary policies....so withdrawal to naira is a NO NO! never save or hold in naira!

My advice to anyone who intends to join and invest in the crypto space:
1) get educated on crpto- YouTube is the greatest university of our time,( it's also the lazy man's school ) you will be shocked at how much you will gain, but if you prefer a more traditional form of learning, try enrolling for crpto related courses on udemy or Coursera.org, most of these courses are free.

2) Have a plan- (hold for the long term) what do you really want from crpto? a few hundred thousand? Millions? Or even billions of naira?....truth is, with crypto you can achieve any of these. What you need is a plan and a time frame, earmark a certain portion of your income that will go into your crpto investment and be disciplined to stick to it. Also, bitcoin might seem expensive today at 40k$ but people also felt it was too expensive few years ago when it was 10k$, understand it has huge future prospects and it's too early to place a price tag on it! Lastly on this.... DON'T SELL EARLY!! until you hit your target price.
while starting, I remember selling 0.2btc in Feb of 2017 for 105k naira because I wanted to buy a PS3 console, today that 0.2 BTC is nearly 4million naira . . So be disciplined, stick to a plan.

3) stick to the main utility coins- I hear people here talk of buying siacoin, nano and dogecoin... well, every Mallam with his own kettle, but from a personal stand point they all fall under my shitcoin list.yes...! Except you are a professional swing trader with deep knowledge of both technical and fundamental analysis, I will advice you stay off these kinds of dummy coins! Don't be penny wise, trying to invest in worthless coins because they are cheap and affordable, some of us don't even as much as check the white papers, projects or prospects of these shitty coins before jumping on them. Please, stay off them...As a starter stay with bitcoin, etherium and ripple/litecoin.

4) Don't freak out!!!- from time to time the crpto world is rocked with government attacks, political scandals and technical glitches. This is exactly what is happening to ripple now, there is usually a sharp loss of value as most frightened investors would cash out to save the value of their crpto assets. But they are going about it wrongly. Whenever this happens, you must buy this ( major utility coins) in bulk, as this is usually the only time you will possibly get them cheap and they 90% of the time will bounce back and even exceed their previous price range. So if you are looking for where to start, ripple is your best bet, followed by etherium and bitcoin. But if you have the money, shoot for the king(BTC) it's not too late.

Lastly...I will recommend that starters use roqqu or luno app, it's the best and convenient for those with little or no experience.
Good luck.

Thanks boss.... Too much info in one post

I have made over 100k profit just with $eth in 3 months.

During the corona lockdown, I bought 60k worth with intention of selling to get like 10k profit, but then i started reading and learning and also heard about the upcoming bullrun and altseason. So i held on and didn't sell. 3months later, as of today, i have made over 120k profit minus my capital and the bullrun hasn't even begin�

P. S for starters, don't use roqqu, infact, run from roqqu, nigerian owned platforms are just so plane stoopeed in handling customers. Use luno and avoid depression by roqqu, i have warned oo

TheZebra:
I have made over 100k profit just with $eth in 3 months.

During the corona lockdown, I bought 60k worth with intention of selling to get like 10k profit, but then i started reading and learning and also heard about the upcoming bullrun and altseason. So i held on and didn't sell. 3months later, as of today, i have made over 120k profit minus my capital and the bullrun hasn't even begin�

P. S for starters, don't use roqqu, infact, run from roqqu, nigerian owned platforms are just so plane stoopeed in handling customers. Use luno and avoid depression by roqqu, i have warned oo

Is luno not also Nigerian

legacystore:


Luno

Binance

My combination too

pls who knows about bitcoin cash? is it good to buy it now?

MyChoice1:
I bought 31 ripples yesterday and made #500 gain today.. lol. I sold the gain worth and left the capital. Now I want to buy more coins, between bitcoin cash and litecoin which is preferable.

wow nice, please what platform are you trading on?

[quote author=nwaobitex post=97923925]Is luno not also Nigerian[/quote
No, they are Australian

Hello everyone,I will like to go into cryptocurrency this year,but I'm confused on which wallet to use,I have luno app on my phone but I'm stucked at the verification level just because I only have the temporary NIMC slip with me which they are not going to accept,so I can't use that for now.

But I was told to use Quidax app instead of luno due to their low charges and easier to use compare to luno,but I just want to ask the great minds here if the registration and verification for quidax is easy to do too,cos I only have that temporary nimc slip with me and not any other form of identification.

Thanks

lovinhubby2wife:
wow nice, please what platform are you trading on?

I used luno platform

nittly:
Which app are you using?

Luno

Haykins2115:
Hello everyone,I will like to go into cryptocurrency this year,but I'm confused on which wallet to use,I have luno app on my phone but I'm stucked at the verification level just because I only have the temporary NIMC slip with me which they are not going to accept,so I can't use that for now.

But I was told to use Quidax app instead of luno due to their low charges and easier to use compare to luno,but I just want to ask the great minds here if the registration and verification for quidax is easy to do too,cos I only have that temporary nimc slip with me and not any other form of identification.

Thanks

I only used my bvn to verify on luno and it's working perfectly fine. I have a quidax account but haven't made any transaction, I'm not even sure i did any verification.

My advice: stick to luno, avoid roqqu, manage quidax

TheZebra:

I only used my bvn to verify on luno and it's working perfectly fine. I have a quidax account but haven't made any transaction, I'm not even sure i did any verification.

My advice: stick to luno, avoid roqqu, manage quidax

Thanks so much for your advice

Haykins2115:
Thanks so much for your advice

there's nothing wrong with roqqu ...Been using it for the past 4 months

Adexy4us:


there's nothing wrong with roqqu ...Been using it for the past 4 months

Thanks for your input bro,but I'm not really interested in roqqu,I just need some info about the Quidax app that's all.

Thank you Once again for your input

TheZebra:
I have made over 100k profit just with $eth in 3 months.

During the corona lockdown, I bought 60k worth with intention of selling to get like 10k profit, but then i started reading and learning and also heard about the upcoming bullrun and altseason. So i held on and didn't sell. 3months later, as of today, i have made over 120k profit minus my capital and the bullrun hasn't even begin�

P. S for starters, don't use roqqu, infact, run from roqqu, nigerian owned platforms are just so plane stoopeed in handling customers. Use luno and avoid depression by roqqu, i have warned oo

bro i wanted to withraw just 100k from luno this morning,but it keeps saying account is locked,contact support,I'm level 1 verified and i have only withrew 20k, max is 200k, so why lock my account so soon? I have actually deposited 200k tho, please what do you think is the cause? My hard earned cash is locked up there..

TheZebra:

I only used my bvn to verify on luno and it's working perfectly fine. I have a quidax account but haven't made any transaction, I'm not even sure i did any verification.

My advice: stick to luno, avoid roqqu, manage quidax

please how did you verify with your BVN? I'm trying to verify on level 2, they are having issues with my documents, i wish they should just accept BVN and stop all this stress...I'm considering moving all my coins to another app just because of this stress luno is putting me through...cant withraw, account is locked...will they even let me move all my coins to another app without verification?

TheZebra:
I have made over 100k profit just with $eth in 3 months.

During the corona lockdown, I bought 60k worth with intention of selling to get like 10k profit, but then i started reading and learning and also heard about the upcoming bullrun and altseason. So i held on and didn't sell. 3months later, as of today, i have made over 120k profit minus my capital and the bullrun hasn't even begin�

P. S for starters, don't use roqqu, infact, run from roqqu, nigerian owned platforms are just so plane stoopeed in handling customers. Use luno and avoid depression by roqqu, I have warned oo

Good evening.
Please, I hit your DM. Will want to know more.

Thanks

Adexy4us:


there's nothing wrong with roqqu ...Been using it for the past 4 months

Everything is wrong with Roqqu now. Best advice is to avoid them.