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Nairaland Forum / Nairaland / General / Investment / Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days (63110 Views)
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Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Nobody: 1:54pm On Nov 11, 2022 |
Corrinthians: What did ur friend tell u 1 Like |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Nobody: 1:54pm On Nov 11, 2022 |
Truth is that most of the people advising you here don't really know how crypto business works; they're in same league with you. If you decide to trade in crypto, the first thing you do is to decide your loss limit; that's the amount of loss you'll be able to endure. So my advice to you: if the amount you're losing at the moment is unbearable, pull out and take the business as a bad one.. cos it can either get worse or get better, but the probability of it getting worse is higher. I know much about crypto, but i won't be saying more than this. Na you go still advice yourself when the time comes. 2 Likes |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by cmt1(m): 1:54pm On Nov 11, 2022 |
GREATIGBOMAN: Naira will appreciate from the 15th of December 2022. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by watchindelta(m): 1:54pm On Nov 11, 2022 |
you buy when it low, not when it high it your fault. you Bleep up really, how can you bought naira for 830 something meh, shooo |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by GloriousGbola: 1:56pm On Nov 11, 2022 |
This will forever be true. Also this “If you’ve been in the [poker] game 30 minutes and you don’t know who the patsy is, you’re the patsy.” 3 Likes 2 Shares
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Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Treadway: 1:56pm On Nov 11, 2022 |
uzohrome:you will complain that things are hard, but here you are wishing things remain hard. Smh. For Naira to gain more value is my own wish. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Nobody: 1:56pm On Nov 11, 2022 |
Truth is that most of the people advising you here don't really know how crypto business works; they're in same league with you. If you decide to trade in crypto, the first thing you do is to decide your loss limit; that's the amount of loss you'll be able to endure. So my advice to you: if the amount you're losing at the moment is unbearable, pull out and take the business as a bad one.. cos it can either get worse or get better, but the probability of it getting worse is higher. I know much about crypto, but i won't be saying more than this. Na you go still advice yourself when the time comes. GREATIGBOMAN: |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by FireUpNow(m): 1:56pm On Nov 11, 2022 |
GREATIGBOMAN:Crypto is not for the chicken hearted so I would say wait till after the election or before it as the dollars could go up again. I did little investment in crypto and I lost all. The good thing is that it was a little amount. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by zinaunreal(m): 1:57pm On Nov 11, 2022 |
GREATIGBOMAN: Go for coins that have eco system not pump and dump coins . What do you expect. The only coin yet to do that is pi. The rest are just for trading they have no other function |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Okrabs(m): 1:58pm On Nov 11, 2022 |
Greetings bro. Learn crypto arbitrage. You never lose because you are trading with the price difference between currencies and crypto coins. Your capital remains in tact. You can make between 0.5%-1% of your money daily, and you trade only on Binance! 1 Like |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Iscoflexxman: 1:58pm On Nov 11, 2022 |
GREATIGBOMAN:Why not trade spot and recover.. You can buy bitcoin, BNB or any good coin now that it's in dip, sell immediately its raises and rebuy why in dip, you will make more money, Don't do future if you aren't an expert.. Crypto without vast knowledge is a big loss ooo |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by DadaHammed: 1:58pm On Nov 11, 2022 |
GREATIGBOMAN: The best way to keep your money from losing value is to invest in Lands. I bought 5 plots of land around FUNAAB, Abeokuta ogun state at 200k per plot some months ago. It has appreciated to N370,000 per plot. Big time real estate companies like PWAN, Adron, Revolutionplus have lands and estates neighbouring my own property. My Dad always taught me that land is the safest form of insulation against inflation. He never kept huge funds in the bank. Innoson, Ibeto etc are all buying properties aggressively in Anambra, East and Lagos. E get why. Buy land, fence it and keep it. 5 Likes 3 Shares |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Iscoflexxman: 2:00pm On Nov 11, 2022 |
FireUpNow: Spot trade is giving me 10 dollars in one or two days ooo Buy in dip and sell when e pump |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by frankson1(m): 2:01pm On Nov 11, 2022 |
Truth234: You're a financial expert and advising him to hold una eyes go clear when Dollar falls further against the Naira. I've you read the CBN new policy that will commence after by next year |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by eniwhy: 2:01pm On Nov 11, 2022 |
You don't just jump into crypto without info about a specific coin or token. You need to know it very well prior to trading it.... For example, Doge Coin was #26 before Elon musk sealed Twitter deal afterward Doge coin shoot to #60. You would've made so much money in that trade. You can still make your lost. Reply |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by femijay8271(m): 2:02pm On Nov 11, 2022 |
Drunkard1: U get bad mouth o... a-ha
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Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by MRNIGERDoxx(m): 2:03pm On Nov 11, 2022 |
GREATIGBOMAN: To beat the $20 limitation with the bank, you need to open A Corporate Account with The Right Bank that Allows You to Float The Naira in your Corporate Account to any other Foreign Currency should you be sending it out of the country. You'll need Your CAC Document and Tax Identification Number (TIN) to register your corporate account with the bank. Many Banks don't have this Solution for their customers. Only the Right Bank can get this done for you. On the regards of the devaluation of your USDT Funds; It is normal for The Value of USDT To go down as expected because The Price of USDT reacts in accordance To The Black Market Rate, and The Black Market Rate reacts to TRENDING NEWS like The One Below. 2 Likes 2 Shares
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Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by asto70: 2:03pm On Nov 11, 2022 |
Nlanalyst: |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Starzo: 2:04pm On Nov 11, 2022 |
GREATIGBOMAN: Thunder faya you....it is your life that will lose value Wicked people everywhere 1 Like |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by kosssy: 2:05pm On Nov 11, 2022 |
Never you buy anything when price is at all time high because what goes up must surely retrace back and then you can jump in. In trading we say, Never buy anything when price is at premium and never sell when price is at a discount. In other words, be fearful when people are greedy and be greedy when people are fearful. If you have the mind, crypto is at a discount price now. You can jump into Ethereum, ISO token like Algorand, Quant, XLM. FYI, never invest money that you can't afford to loose for your peace of mind. 1 Like |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by masseratti: 2:06pm On Nov 11, 2022 |
GREATIGBOMAN:bros dollars normally depreciate during Xmas period mainly because of Nigerians coming back home for Xmas. Just wait till January dollars will still go up. And it's nobody fault dollar is getting higher against all currencies in the world.. It's not peculiar to naira. 2 Likes 1 Share |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Globad(f): 2:06pm On Nov 11, 2022 |
GREATIGBOMAN: Naira has a history of appreciating in December. Not depreciating. This is because more inflows will come in in form of remittances and people visiting with FX. Let me now be more coded. A policy that will make hoarders offload dollars is in the works. 2 Likes |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by frankson1(m): 2:07pm On Nov 11, 2022 |
Tboy1419: They won't stop at just rebranding the Naira, they're also working on curbing physical cash flow. If they don't back down, there will be less cash and more online transactions both for local and foreign currencies. 4 Likes |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by newcommer: 2:10pm On Nov 11, 2022 |
Fabulouslouie: Please how do you invest in an ETF? Thank you so much |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by IranianSea: 2:10pm On Nov 11, 2022 |
GREATIGBOMAN:Now see this self centered, enemy of this country. Whosoever wish this country bad, bad things will never ceased to happen to them. A country like America is moving forward because her citizens pray and wish her good every seconds but the case is not the same here that's why it never better for most Nigerians, People like you. You are praying / wishing Naira to fall to 900 / $ shey O ri wipe Oloriburuku ni e ni? Inkan to Dara will never see you. 1 Like |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by oxiide22(m): 2:10pm On Nov 11, 2022 |
GREATIGBOMAN:pussylegendd also known as ilegendd come carry your friend |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Eriokanmi: 2:10pm On Nov 11, 2022 |
GREATIGBOMAN:Sorry broda |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by oluwapoju(m): 2:12pm On Nov 11, 2022 |
GREATIGBOMAN:It seems you need to learn some basic trading. I bought at average of 816/$ as at Sunday 6/11/2022 and was about to bit down the average to 719/$ as of my calculation today while trading/Arb NGN/USDT and the binance P2P. Note: It was possible for me to bit down because of the merchant privilege whxh allows me to get some USDT at price below the market rate on the P2P platform |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by grandstar(m): 2:12pm On Nov 11, 2022 |
GREATIGBOMAN I'll advise you to glee from crypto. It isn't for you. You might make it big in something else. 1 Like |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by nurudeen181(m): 2:12pm On Nov 11, 2022 |
greed. taking advantage of the failed economy... you have remained thesame if you didnt do that.. i wonder the kind of things though in business and economy this days or lets say common sense... God help us.. your money has been used to back up Naira.. it will keep falling.. nigerians need your type to support our currecncy.. God be with us 2 Likes |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by DantataJR: 2:13pm On Nov 11, 2022 |
GREATIGBOMAN:Crypto no be anybody mate |
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