₦airaland Forum

erwinschro:
No he is not right. That is UST which is Terra. USDT is TETHER and it is not backed by Luna. USDT is run by a company called Bitfinex and they are supposed to back every USDT coin with US dollars. These dollars are supposed to stay in a bank account and must equal the number of USDT coins in existence to maintain the 1:1 exchange rate peg.

Bitfinex, however, has refused to audit their accounts and prove that they actually have the money in the account. Spoiler alert: they do not. If we are very lucky, USDT is backed by maybe 10% cash and God knows what kind of shitty bonds (probably chinese commercial papers). So what does this mean? Well, If too many people try to get their money out of USDT at once, this company will not have enough money to pay everyone back because they won't be able to sell those shitty bonds for face value, especially when interest rates go up.


They have been banned from doing business in the state of new york because they did an investigation and uncovered all of these things I was talking about:
https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal

They were too scared to release some of their findings because it would have caused a bank run on USDT and that would collapse the entire market and all crypto exchanges would probably go out of business. Good luck cashing anything out in that case. You can see that coinbase said if they go bankrupt for whatever reason that you have no right to your money.

Just 2 days ago, Tether had a net outflow of $8 billion to other currencies. The total inflow of actual currency, across ALL currencies, combined, that day was $700 million and it's likely that at least a third of that was wash sales to make it seem like there was actual money going into the market. So what happens is the market "went up" $100 billion on a $700 million input (and possibly more like $400 million).
That suggests that less than 1% of the market's value is real money!

Everyone knows how important USDT is to every crypto. It is literally an inevitability that it will crash. Just google what I am talking about. Many people put their life savings there to save against Naira devaluation thinking it is cash and not risky bonds. If I can save just one Nigerian from losing all their money in an american ponzi scheme I will be very happy.

Hmmm… thanks for this .

Pls can you analyze busd and usdc too?

mixmastering:
if you want Luna to pump or you want to buy it,

Buy at 0.000207514 or

Buy at 0.000272403

AFTER it dips

Why did I say after it dips, because there are some cool money waiting for Luna at that 0.0013 area.
it will try to get down there except your funds are bigger. Except you are ready to wait or take a chance.

If the support at 20 is very strong, it doesn't need to dip further for now to 13.
But we don't know how strong 20 is, do we?

It is simple, just place a Limit buy order for Luna at 0.00013.
Then, if it bounces back to 20, add small change there again to keep the bounce OR take profit before 20 but quickly reenter at that 20.
Very important.
I dont know sha o .

kare lai
DJ mixing

moshuur:
Sean I think say u don enter before ni ooo

Oremi , koma easy baun o
Odidi owo ni lunar gba lowo mi o

benhope222:
Luna looks to be gearing for a Pump

lol
U sha one drag me enter??

I’ll hold you responsible o

Snooky:
Guys pls what's the cheapest banking platform to use for p2p trading on binance. I mean bank with low transaction fee or no fees at all so I can profit in my p2p business as such

vfd is the best … u are not paying kobo for transfer .

I use kuda and vfd ..
Although kuda gives 25 free transfer monthly

Godfavour2020:
I’m in the trade again at 0.000027 with all the $500, good luck to me

pls don’t.. the cry go pass the laugh

deflover:
that was the all time high
the daily set up for bull is ready
and a long term view of $120 $1.20 is possible

Want to believe this is what you meant ..

yemmywesey:
Welcome back to the trenches

Omo iyami we gather Dey

jimmyolasun:
Have anyone tried using the binomo app to trade crypto. I mean self trade and not all these scammers asking you to pay. Someone said something on it and I'm about giving it a trial so I want reviews

Oloye, akiyin o

Welcome me back to trenches . Luna don collect him gift back o

Plus10:
I pray it should be laugh

we’re in this together ..

,Either cry or laugh . One go happen to me tonight ,

Godfavour2020:
I bought Luna when it was on 5 zeros with my dead shiba worth of $15. I cash out $600 yesterday. My biggest cash out in crypto. I have $500 Busd left on binance. I jet out of the Luna trade when it was on 0.00008, in the morning saw the big pump but didn’t fomo cos i was hoping for it to come down to enter again. Now it is still pumping now at 0.47. Guys should i enter the trade or not?

You’re about to take a risk that will change your life for better or for worse .

God I’m afraid if I were the one I might have killed somebody’s daughter.. because I will break her bone and turn her to handicap before I send her packing in the middle of night ..

God pls , just give me power to overcome anger

Typicool8:
Honestly I'm so angry to the extent that I don't know what to say...buh it is high time this country divides and go their separate ways.

I’m fuming so much right now . I almost got into fight with someone just now who is a Muslim justifying death for blasphemy. I wish I could reverse the hand of clock on that poor little girl

Luna thank you let’s cancel just one zero

80k 100 busd
Available

seankafor:
I first saw this pump around 12 pm this night, I thought it was one of those brief pump..
I don't enter as at then because I wanted to monitor the movement

I realized shiit is for real when I got to know alts and btc is been sucked

I jumped in immediately.. of course with a little I can let go..

Be that as it may, am not jumping out any soon

There will be retests, brief breaks and also mad pumps to follow

This is a financial advise, not ta shiit

Take profit regardless.

Make sure you take out your capital and let the rest ride .
Tbh we’ve lost so much in this crypto .

We deserved this moment .,

But
TP

Ezemarcel:
okay just pray ... consider yourself a minister of federal republic of crypto

thank you my lord .

Patiently waiting ..

Tellwhat:
+1840 in 24hours my goodness


Many people go pull out legit heist

you don’t take profit?

Ezemarcel:
what of CBN governor?

eyes go Dey my body . Minister of petroleum don do me ..

Jesus Christ this shit don pass TA o

Ezemarcel:
Omo if it happens then I will pick APC presidential ticket

Chai ,, just pick me minister of finance or petroleum

Make this shit ride for a week straight

seankafor:
what do you classify as greed?

If one can ride a coin from 100+ to 0

Abi did anyone see Luna going to zero in a matter of day or 2?

Why can't one also ride to the least 1$

Common sense bro..

What I mean is that most won’t take profit on time including me

Lol , greed will kill many

seankafor:
Guys take this risk now

What much worse can it get?

We ve seen the worst? How much worst can it get?

Remember na money we come make, no be to marry coin or follow logic

Anywhere the money dey, na dia mind go dey

lol. Las las ., u crypto humble you

Remember to

tp
Tp

Una go hear an

Elsueno:
Poland said same & all crap about not needing gas, immediately Russia cut them off, they almost went under, now they buy Russian gas through Germany

Honestly, European leadership is pretty dumb

coming out from the mouth of someone who’s been ruled by a president with no waec certificate

chybyke2:
Good evening my brother, just saw your topic now and I'm interested. But my question is, am I going to trade with my bet9ja account or is there any other way I'm going to do it.

Again, what is the full meaning of FBT. Thanks.

Pls don’t !