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Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 - Investment (7) - Nairaland

Nairaland Forum / Nairaland / General / Investment / Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 (68615 Views)

Bitcoin Drops Below $20k / Nigeria: Investors lose N17b in 4 days,as NSE set to accelerate Islamic finance / Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords (2) (3) (4)

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Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Elliotwaveforec: 5:49pm On Jan 21, 2022
OrganicCluster:
WHEN BERNIS LEE INVENTED WWW IN 1999 NO DEVIL STOPPED IT, AND WHEN SATOSHI NAKAMOTO INVENTED BLOCKCHAIN/CRYPTO CURRENCY IN 2009 NO DEMON STOPPED IT.

IT'S A REVOLUTION, TAKE IT OR LEAVE IT, IT HAS COME TO STAY. NO LUCIFER CAN STOP TECH INNOVATION.

US, RUSSIA AND CHINA TRYING HAD TO STOP CRYPTO IS POWER PLAY TO FURTHER ENTRENCH THEMSELVES IN THE CENTRALIZED FINANCIAL SYSTEM.

GLOBAL FINANCE IS NOW DECENTRALISED, NO MAN, GOVERNMENT OR ORGANIZATION CAN STOP TECH ADVANCEMENT.

GET IT.
Correct!

2 Likes

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by blackaxe78: 5:54pm On Jan 21, 2022
heyhey2016:
how can i open a coinbase account

I don’t think that can happen in Nigeria. Try download app and register. I think it requires SSN

Give a try
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Nobody: 5:55pm On Jan 21, 2022
$38? So Bitcoin fell all the way from over $40,000 to $38? Lol.
Copy paste junkies.
Another bold crap of misinformation, confidently paraded on NL FP; working tireless everyday to raise the level of ignorance among young Nigerians and neutralize the little education in circulation.

Which currency doesn't go up/down? And when did rise/fall stop being the foremost behavior of any currency, be it digital or fiat?
Dollar rises/falls against Pound everyday and vice versa.
'Fall' is where you buy and 'rise' is where you sell for profit. Without that, every currency would be useless as regards trading for profit.

Bitcoin rises and falls like every other currency out there, I can't see any reason for noise every now and then, when the norm happens.

Peddling false information is the lifestyle of restless, blockhead alarmists.

4 Likes 1 Share

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Bignuell(m): 5:58pm On Jan 21, 2022
LemmyOdafe:


It's still going to crash more. The Chart shows a Double Top in Weekly Time Frame.
Na only you dey speak the true language of trading, according to my analysis, it's getting to 29k

3 Likes 1 Share

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by lookingfly: 6:04pm On Jan 21, 2022
Krismas:
grin And I need the knowledge of Forex trading. Download ur knowledge to me. I don’t want to learn from sharks and get rich quick fellas. Just learn and trade monies I can afford to lose
Download telegram, search for infinox training. Join for free, they teach forex for free.

3 Likes 2 Shares

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Alusiizizi(m): 6:05pm On Jan 21, 2022
joyandfaith:
Value of bitcoin is zero. Cryptotrading is gambling. Some will loose. Some will gain. The real beneficiaries are internet fraudsters, politicians, criminal gangs because crypto is perfect cover for money laundering.
In the future cryto would be regulated by most authorities.

After more than 10 years of crypto, I would say this claim is empty of substance. By the way, what is the true worth of a 3inch X 6inch piece of paper with printing on it?

3 Likes

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by lookingfly: 6:06pm On Jan 21, 2022
Sheriman:

You wouldn't loss money if you buy legit coin and hold for years. Crypto is not a get rich quick scheme.
Those who buy BTC when it was $500 BNB or ETH or CHR or CHZ or ADA when they were even not up to a dollar some years ago are in millions of dollars today.
Holding a legit coin is the key here and get another source of income while holding it and buy more dip if dip comes!!
I made my first million naira through holding cryptocurrency.
Cryptocurrency is not a get rich quick scheme.
Only those who will lose money are those who are buying shit coins and trading futures or selling at lost when they buy high
alright na.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Starzo: 6:11pm On Jan 21, 2022
pickatyouu:


How e possible. No be crypto Dem invest in be dat. If u buy 1 btc, even if it reaches 0 dollars, u will still have 1 btc valued at 0 dollars, so if it rises, then ur money will rise with it
anything make am depreciate enter 0, your money don disappear be dat. Na to buy again.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by jclassiq(m): 6:11pm On Jan 21, 2022
Edit this rubbish heading jare.

$38 kor, $1 ni.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by iaamxavier(m): 6:16pm On Jan 21, 2022
Starzo:

anything make am depreciate enter 0, your money don disappear be dat. Na to buy again.

Please explain further for newbies like us
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by ignis: 6:19pm On Jan 21, 2022
ityP:



It's actually the best time to buy boss. If person get free 1M to spare, just buy bitcoin and wait till it surges to 2M in few weeks time

Na dem.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by namo77: 6:20pm On Jan 21, 2022
thelegend1:


If this happens overnight, the number of people that will be wandering on 3rd mainland bridge go high

cheesy

1 Like

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Starzo: 6:25pm On Jan 21, 2022
iaamxavier:


Please explain further for newbies like us
it's very simple na...if u buy at 30k today and tomorrow it depreciates to 25k. It means you've lost all your money. There's nothing like -5k balance. Once it enters zero or negative balance everything disappears.

2 Likes

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Dja1(m): 6:28pm On Jan 21, 2022
Okay sir. Mr motivational speaker.

1 Like

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Nobody: 6:39pm On Jan 21, 2022
OlawaleBammie:
shocked shocked

How come u re owing??

na people wey push me into am na
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by OlawaleBammie: 6:40pm On Jan 21, 2022
Itohanmiwa:

Just buy and lockup
i should keep it safe in my funding wallet abi
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by nnamdi640: 6:44pm On Jan 21, 2022
This is a big lie, you can't lose your money when you talk about coin like bitcoin. The value of the bitcoin in your wallet might reduce but will rise one day. This is what happens in trading, sometime it will favour you while some time it won't.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by nnamdi640: 6:46pm On Jan 21, 2022
Starzo:

it's very simple na...if u buy at 30k today and tomorrow it depreciates to 25k. It means you've lost all your money. There's nothing like -5k balance. Once it enters zero or negative balance everything disappears.
That is a lie. The value of the coin you bought will reduce but not to the point of disappearance.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by pickatyouu: 6:55pm On Jan 21, 2022
Starzo:

anything make am depreciate enter 0, your money don disappear be dat. Na to buy again.

Bro u know nothing about fthe crypto world
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Nobody: 6:56pm On Jan 21, 2022
Itohanmiwa:
Buy the dips. This is an opportunity for all those who have interest investing in crypto. Even if it's as little as 5k please buy the dips
Please give us the Loan to buy the dips grin grin grin
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Itohanmiwa: 6:58pm On Jan 21, 2022
OlawaleBammie:
i should keep it safe in my funding wallet abi
After buying transfer to spot wallet and leave there.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Starzo: 6:59pm On Jan 21, 2022
nnamdi640:
That is a lie. The value of the coin you bought will reduce but not to the point of disappearance.
oya go and buy at 30k let it depreciate to 20k let's see if your money won't disappear. Why do you think it's likened to gambling and in some cases Ponzi?

Crypto is not tied to any physical asset. It's a huge global gamble that favour some and wrecks others.

The main winners in the game are those that bought the coins when they had little value. That way a dip in value doesn't wipe out their asset s completely.

People wey dey rush go buy when value dey hit peak value na Dem dey at risk pass

1 Like

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Starzo: 7:01pm On Jan 21, 2022
pickatyouu:


Bro u know nothing about fthe crypto world
help me understand value. Have u seen anybody with a wallet value of minus balance and later Rose to positive?

Or what do you think the news meant when it said their asset were liquidated and lost everything. Do you think if there was a chance the minus balance would rise again to positive they would have said their asset got wiped out??

Understand the meaning of liquidation then you're half way there
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by ugochiada: 7:04pm On Jan 21, 2022
Please, what site can I buy bitcoin and hold for a long time
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by doyin01: 7:10pm On Jan 21, 2022
Starzo:

oya go and buy at 30k let it depreciate to 20k let's see if your money won't disappear. Why do you think it's likened to gambling and in some cases Ponzi?


The way some of you display your ignorance on the internet is irritating..dissappear ko ghost ni. ..when it's not as if he is trading futures.....
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by IamRegal: 7:11pm On Jan 21, 2022
ussv:
I never liked that investment, i had my doubts. If you have money, put it into real estate, it`s a sure investment
I am a realtor, cryptocurrency isn't bad.
The challenge is most have few knowledge of what they are doing, where the market trend is, when to buy or sell, what to buy, where the hype is. Some aren't trading well and they don't even know.
Real estate is sugar and crypto is honey.
Trade cyrpto book your profit in land banking
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by IamRegal: 7:13pm On Jan 21, 2022
OlawaleBammie:
boss pls tell me more about buy and holding in trustwallet

Do u mean i can buy a coin and keep it in my funding wallet without trading with it for a long tym??
Safepal is more secured than Trustwallet. Use safepal.

1 Like

Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by nnamdi640: 7:14pm On Jan 21, 2022
Starzo:

oya go and buy at 30k let it depreciate to 20k let's see if your money won't disappear. Why do you think it's likened to gambling and in some cases Ponzi?

Crypto is not tied to any physical asset. It's a huge global gamble that favour some and wrecks others.

The main winners in the game are those that bought the coins when they had little value. That way a dip in value doesn't wipe out their asset s completely.

People wey dey rush go buy when value dey hit peak value na Dem dey at risk pass
The values will decrease but doesn't mean the money will disappear. When the coin face bull
period, you will might get times 3 three of what you invest. You must understand the language patient in crypto trading and it is not like betting.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Starzo: 7:15pm On Jan 21, 2022
nnamdi640:
That is a lie. The value of the coin you bought will reduce but not to the point of disappearance.
You just read the news about people losing all their assets(forever) as a result of depreciation below the purchasing value but you still choose argue.

What do u mean 'liquidation' means?

The only way you don't lose everything is, let's say you bought at 25k then it rise to 30k then it later dropped. Atleast you made a profit of 5k before so the dip would be removed from the profit you've made before.

If you buy today at 20 lk and it falls to 30k TMR without you recording any meaningful profit before the dip you've lost everything.
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by Starzo: 7:18pm On Jan 21, 2022
nnamdi640:
The values will decrease but doesn't mean the money will disappear. When the coin face bull
period, you will might get times 3 three of what you invest. You must understand the language patient in crypto trading and it is not like betting.
See what you're typing even after reading this news

Would it have been reported that the investors lost everything and their assets liquidated if there was still a chance they regain their investment if the value rose again?
Re: Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 by IamRegal: 7:20pm On Jan 21, 2022
pickatyouu:


How e possible. No be crypto Dem invest in be dat. If u buy 1 btc, even if it reaches 0 dollars, u will still have 1 btc valued at 0 dollars, so if it rises, then ur money will rise with it
You're talking about spot. It's different from futures

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