₦airaland Forum

iLegendd:
What to do when using P2P.

1. Make sure the sender's exchange name matches with the account that sent the money.

2. Make sure the sender has at least 80% good rating and above.

3. Make sure the timer is not more than 30 minutes. I prefer those with 15 mins.

4. Make sure he's not one of those senders that asks for extra charge (Those ones are hungry POS people and can run when they receive big money. I just hate them with PASSION).

5. Try your best to make sure your purchase is in round figure or has no Kobo like ₦10,000, ₦47k, ₦98k, not ₦10405.75.

6. Don't release coin until you see your money.

7. Don't EVER write anything relating to crypto, USDT, name of exchanges, P2P, etc. in the description. Leave it blank or write your surname inside. If the transaction is from 70k - 90k, you can just write "Bag of rice and more" as the description, but in most cases, leave it blank except it's mandatory.

One mumu newbie wrote something when I used my GTB to do P2P in 2022 and that account has been suspended with my money inside and they're asking me to come reactivate it, but I don't have the time for stress. In fact, avoid trading with newbies — some of them are just daft forever. They must write something implicating in the description even if you warn them. It's as if they're possessed.

8. Most importantly, remember number 1 and 7 above.

9. Oh, I forgot to say, use your least favourite account for P2P incase one of these wayward Gen-Z newbies end up writing crypto-related keywords in the description because he/she was on colos while doing the transaction.

Warning: When people are high on drugs, they don't care about instructions, so be careful.

MamaFutures:
Point of correction next tym don't address me as Hello Mama. Rather address me as Mama de Mama or Mummy Futures.

Am just seeing ur message right now; My vacation actually started today, would be away for sometime (but u can reach me on X by sending a message; check my profile for details).

Are you really serious about this? If yes, then:

* U can't go far here; am even yet to learn a thing on this nairaland crypto forum.
Thus, I will have to connect u to the US & Canadian version of nairaland; their crypto community forum is the best.
NOTE: The site is filled with vry gud people, & also vry bad people ( i.e., hackers & scammers) from the US, so u hv to be very careful interesting with them.

*There are a lot of paid materials available online- by US, UK, or Canadian based authors (it's important u hv a direction of what you are looking for).
If u're not viable financially, I can guide u on how to get them without paying a damn to anyone; if only you can promise me that you will be able to create some time & go through them, just like I did & still doing.

Can't post some links here; let's continue on X.

LandMann:
Just to be sure you're not deaf or blind I'll repeat what I said. Stop goading people into engaging in highly risky trade using extremely high leverage. If you must post such fishy screenshot always state it clearly that you're using very small amount of money.

I believe every other thing you said applies to you. It's same tactic you use to lure unsuspecting people into buying your useless ebooks using baity titles that you're doing here.

All evidence is in your previous posts and comments on nl.

Enjoy your miserable life sir but please don't mislead people

BigkokoRep:
Them no go hear, but their investment go hear am! If you have properties or sellable investment in Lagos, kindly walk up to a bank, take a short term loan, equivalent or 80% of the investment worth, using your property as collateral. Kindly default and allow the bank take the property!

Divest from Lagos. Locate any town or village with access to sea outlet and buy properties. One day, infrastructures go reach there and the Lagos property market will go bust!

MamaFutures:
*To be a good crypto investor, u must 1st be a good crypto trader (this doesn't mean that you should start trading futures with real money as a beginner).

*The fact that someone has been in this crypto field for years & appear to have gained experience in or outside this forum, doesn't mean that he/she is making money (we only give what we hv & not what we don't have).

*Anyone giving you tips of best crypto to buy & hold; when to buy & when to sell is not only harming you but also him/herself.
(This is because the mkt environment is not designed to operate that way, psychologically speaking; & money is not made in crypto by buying & holding best crypto, but by learning how to let your wins to run & cut your losses short through proper position sizing).

*Only truly experience & profitable traders know these secrets (& won't violate them, even when it seems like they don't want u to attain financial freedom).

*So whenever you come across a good crypto trader/investor don't ask the wrong questions (like the right crypto to buy or when to buy etc- if he/she is doing that just know that he/she is not for real); rather ask the right questions which are hw to access the right materials for learning & hw to go about learning how to attain financial freedom by trading/investing in crypto.

DrAkpamudehe:
Arrant nonsense.
What is this one even writing?

You think this thread is for tales by moonlight stories? Abi you be Jimi Solanke pekin?

iLegendd:
Desperation is the fastest way to regret.

Having your money in 1 account is the fastest way to impulsive and uncalculated purchase which mostly leads to depression.

Not having extra money always available for round 2 to round 3 dip is the fastest way to frustration.

Frustration is the fastest way of pulling out of the market at loss and the beginning of "crypto is a scam."

Whatsapp9:
"My salary came Yesterday and immediately I received alert, I rushed to my husband and asked him how much he needs me to contribute after informing him that my salary has been paid.

Guy thought I was joking and mentioned a figure thinking I was going to contest because it was almost all my salary, I just carried my phone and transferred it to him.

It was doing him like film, I then went ahead to pay the salary of our children's lesson teacher so that he would stop thinking about it.

That's when I realized that he was doing so much without complaining He sees it like his duty and even when the financial burden is too much on him, he struggles to pay without asking me.

He was so surprised and happy, I know that my money is just a fraction of what he brings but he felt like I gave him millions.

I then told him that I am putting in the effort to make more money so that I can still reduce his stress. He didn't marry a responsibility and liability, he married a helper and he should be feeling more relaxed than when he was single.

I have never felt entitled to anybody's pocket and I won't do that with my husband.

Oh boy, guy rushed entered straight inside market without even telling me, stocked up the home.

Cooked and served me, this small support has gone a long way to settle silent quarrels that I didn't even know about.

I will keep working harder and doing my best, men also need support, they are not supermarket. Men need our support too ❤️♥️"

Credit: Fegor ogene jp #AllFactsNewspaper

Uniqueaccountant:
sell off to usdt or tron and transfer to trustwallet ..then connect TW to pancake or any dex and buy btc

EniHolar:
Please help.

I'm seeing this message on my Near Wallet
You were punished for using automatic mining or large number of multi accounts. Your mining speed is reduced by 10 times

What can I do?

presiade:
I did not follow the discussion that led you here, but I think before floating the naira, the Emefiele-led CBN was fixing the naira/dollar rate to whatever they wanted, and the rate this administration met was not truly representative of the value of the naira back then after Emefiele minted naira like pure water.

Afonja2000:
Sorry to disappoint you, my account has been unrestricted and I wasn't arrested. The evil you wished me shall be your portion

Elonmuzk:
I saw this coming, it's a no brainer. Nigeria does not earn enough foreign exchange to support naira. They were just using the foreign reserve to prop up the naira. It seems like they are running out of dollars now. It's probably going to get worse.

MrCamron:
Btc is very much likely to hit somewhere between 55800 to 56800 before going up for another rally.

Current price is around 61333

I shared this info on my telegram channel and its telegram chatroom group earlier.

Dfrenzy:
When evaluating a crypto project, here are some key factors to consider:

1. Whitepaper: A detailed and transparent whitepaper is an essential component of any reputable crypto project. A good whitepaper should explain the project's goals, technical details, development roadmap, and potential use cases.

2. Team: The team behind the project should have relevant experience and a track record of success in the industry. Check the team's LinkedIn profiles, their previous projects, and their reputation in the community.

3. Community and Social Media Presence: Check the project's social media accounts, forums, and other online channels to see how active and engaged the community is. A strong community can indicate a healthy and sustainable project.

4. Partnerships and Collaborations: Look for partnerships with reputable companies and organizations in the industry. Collaborations can bring additional expertise, resources, and credibility to the project.

5. Technology: A good crypto project should have innovative technology that solves a real-world problem or offers unique features. Look for technical details and how the project plans to scale and improve over time.

6. Tokenomics: A sound token economy is important for any crypto project. Check the token distribution, the utility of the token, and the project's plans for managing inflation and supply.

7. Market Opportunity: Consider the project's market opportunity and potential for adoption. A good crypto project should have a clear target market and a strategy for acquiring and retaining users.

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ignis:
When you japa, you will realize that sabificate puts food on the table and not certificate.

Elsueno:
Since majority of guys couldn't resist the urge to shalaye or prove how 'smart' they think they are. D govt is showing how freaking powerful they are. Some keep bragging on twitter, Facebook & be doing 'in ur face to govt, You would learn, lol....after God na govt

iLegendd:
There are only 3 best times to buy a coin

1. When it's not listed on CEX yet and it's not more than 100 Million MC and sometimes, not even more than 5 million MC and it has passed all the rug pull test.

2. When it's in extreme oversold in bear market and you know it's a great coin with a reputable team or big name CEOs or company.

3. When bloodbath happens to every coin in a bull market and there are only 5 green coins, especially stable coins, that are in green in all the coins on Binance Hot, Gainers, and Newly Listed section.

Bonus:

The 4th time to buy is only for those doing day trading and are using TA and news to long or short — professionals only.

Apart from these 4 times, any other time is too risky, but it may be worth it in the end. Afterall, in Heaven or Hell, there is no crypto needed.

It's just money. It's meant to be spent. Not all your money will be spent wisely no matter how stingy, frugal, smart, intelligent or wise you are, so accept losses without feeling like a loser because without it, you'll never have an intriguing relatable story to tell others when you decide to write a book about success and not giving up.

johnfe:
Bro I'll advice you not to buy coins for long term hold on Cex like Binance 'cos those coins have already mooned and achieved ATH- all time highs. Buy low market cap coins on Dex like trustwallet.

Before a coin is listed on standard centralised exchanges like Binance, it must've achieved a certain market cap.

Maybe ask Ilegendd for clarifications

Everlastingson:
Keep your dollar and don't be afraid. The " gain" you see Naira make is cosmetic, it's artificial. It's manipulated by the CBN depleting the nations foreign reserve to prop the Naira. They can't do that for long cuz Nigeria doesn't export anything to get the dollar. Even the volume of the crude oil they export is down due to their own bunkering and crude theft activities, plus they used the crude as futures to collect billions of dollars as loan from Afriexim Bank at diabolical interest rate. Their reserve is almost red now. Forget their APC lies. Keep your dollar coz the Naira will soon become woeful against the dollar again I assure you. But this is an advice. The final decision is yours but I've told you what must happen soon.

For those who blame speculators, ask them whether there are no speculators in other countries where the currency is strong and stable. They think they can propagandize away the root cause of the problem which they know but are keeping quiet and lying about.

IbeOkehie:
Exactly. I read somewhere that Nigeria dollar reserves are down significantly.

I don't know how long it will last, but this uptick in naira isn't sustainable. Because the government isn't making any fundamental changes to the economy. Period.

Dollar was ≈ 200 in 2015 and went all the way to 1900. Let's call it a retracement within a long term trend.

Good Luck to Nigeria

jayce232:
Those that got into cryptto when very few knew about it & wasn't this popular adopted blockchain. Then it was one of the most trusted & reliable, before the likes of trust wallet started becoming famous

jayce232:
It is due to network & do happens occasionally
It will reduce after sometime, but not tomorrow. It usually take sometime

Robnectar:
I need more usdt,.. I just want make she stable for 1k at least before d end of the month,.. is dat too much to ask for

sheanzy:
Can't this dollar just be stable even if e Wan go to 500naira make e dy stable, or if e Wan pump to 2000naira make e remain for one place.


If I dy monitor when to buy crypto asset, I go come dy monitor when to buy dollar

ibizgirl:
This helped me get started.

https://www.nairaland.com/6504311/crypto-total-beginners-guide-how

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Ewizard:
While you busy panic selling and spreading FUD.

“Mr. 100” bought 404 of today’s 900 new Bitcoins Supply. [See image below 👇]

For context:

"Mr. 100" is an unknown entity known for buying 100 Bitcoin every single day since Nov 2, 2022. They now hold 60.600 BTC worth $3.8 Billion ($1.6 Billion in profit) ⚡️

Their Bitcoin Address:
1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP

You can view their trade history on bitinfocharts dot com.

Due to the size of investment, many people speculate this is a nation state buying Bitcoin.

If this continues to happens after 20th April (Halving), there is basically ZERO new bitcoin supply entering the market. 👀

Bitcoin is financial freedom, and they want to take that away from you.

Am beginning to think that the general public is still confused on what a halving is barely 15yrs after Bitcoin whitepaper was released in 2009. 🤦‍♂️

90% of you all are stuck in the short term and can’t see the bigger picture.

Reflect on this tonight:

The year is 2040. (thats 15yrs from now, just like 15yrs before now when BTC was $0.05 has snapped through your fingers and flashed before eyes.)

World population: 8+Billion
Bitcoin supply: 21 million
Bitcoin price: $1m
Whats your chance of owning 0.05btc??

You’re still early, don’t let your kids ask you what you were doing in 2024 when your mates were stacking sats.

LEARN BITCOIN!

Jerryherd:
No but they can download loan apps and use your details to take a loan

Gynn:
I was old enough to know when a Dollar was exchanging for 110 Naira and then 120 under Obasanjo.

Under Jonathan, 1 dollar will fetch you 150, and then 190.

Towards the end of his tenure it rose to 210 Naira.

Buhari came. Dollar became 250, then 320. Next stop was 380.

Early this year 410. Later on 1 dollar became 450, then 480.

As at yesterday when a colleague wanted to change some cash

The Aboki dollars said its 568 Naira per dollar.

But just so we patronize him he will give us at 570 Naira/Dollar.

What this means is simply that Naira is not a good store of value for long term cash

In less than 1 year it lost around 30 percent of its value.

It was after the aboki dollars encounter that it actually rose to my consciousness and I did some calculation

Presently 1 million Naira is currently equal to 1,755 dollars.

Early this year 1 million Naira was equivalent to 2,440 dollars.

In other words if you left 1 million Naira in your Nigerian bank account early this year

You have lost about 700 dollars within January and October.

So I now I decided to look at options to preserve my long term cash.

I won't be leaving any longterm savings lying around in my account just for the bank to give me 0.1 percent interest.

The small ajo (monthly contribution) I am doing presently - from next year it is cancelled.

Unless they find a way for us to be doing it in dollars I will not continue

I must make sure to put that monthly contribution in dollars one way or another

That is what I have promised myself.

And these are my options.

1. Foreign bank account

Having a foreign bank account is my long term goal.

It is not cheap.

And I don't have the kind of money to open or maintain one yet.

But I will get there.

2. Domiciliary account

I honestly don't know much about this.

However, by monday I am walking into the bank so they educate me on the benefits, costs and requirements.

If it is something I fancy, then domiciliary account here we go.

But I am not putting all my eggs inside the basket of a dorm account

Because

from the little I know, governement can assign itself the power to convert all foreign exchange in Dorm accounts into Naira.

Its extreme. But its possible.

It has happened in Argentina before. It can happen in Nigeria.

3. Save in Cryptocurrency and Cryptocurrency dollars (USDT)

I have already started doing this in a small way.

I have small money in USDT and I hope to increase it.

Thanks to my colleague who encouraged me to take Binance and crypto serious

But the issue is, it is easily accessible

because USDT (or electronic dollars as I like to call it) can easily be converted to Naira.

Anyways, more discipline is needed on my part.

Another option is to buy and hold Bitcoin. That is the only Crypto I trust.

Because over a long period of time it has proven to always increased in value.

In this Nigeria one has to be smart with the way he handles his finances.

By next year we will enter the early period of election season.

And historically elections has been the period the Naira falls very fast.

Because of the high demand for dollars during this period.

Anyways, this is my plan.

EXOUSIAng:
With the picture of the front and back of your card
And your phone number.
You account will be emptied in 2hours.
All that is needed is your card details.
Your pin is not needed with the right logs.
No need to clone your number
Na to just hold your line.
Bro let me not talk much abeg...
Most of these people giving advice know next to nothing about pullouts

iLegendd:
Divide in 2 and each of the 2, divide in 3.

Phase 1: $250 out of 500.
Phase 2: $250 again.

I use 2, 3, 5 formula.

20% first buy, then relax and watch for minutes or hours via you alarm. ($50).

30% if it falls from the point you bought. ($75).

50% if it falls further. ($125).

This is only after your research or analysis and the coin is in red or consolidation.

The phase 2 is backup for emergency purchase or money you'll use to rescue your initial investement if the coin is going up and down and the highest it goes is where you bought the 20% spot.

In this case, use the remaining $250 to rescue everything by buying at the bottom and when it rises back to the 20% spot you bought with phase 1 money, you cash out everything and wait till it falls again, then buy with the rescued $250 at the bottom at once and go to bed.