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Nairaland Forum / Nairaland / General / Investment / Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days (63111 Views)
1.5 + Odds Under 2.5 Single / 150k Under 2 Months / Crypto Is A Manipulated Market! (2) (3) (4)
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Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by 16inchdick: 2:14pm On Nov 11, 2022 |
ebenezary: Going up my foot. Oil production has been 900barrels/d for some months now just rose to 1.3Million barrels/day. It is expected to rise further to 1.8M/ barrles per day. Dangote refinery at 97percent complete as at last month. Production starts in 4Months time . production starts by 1st quarter March 2023 Daily consumption is 450,000b/d the capacity is 650,000b/d . We have excess of 150b/d of Oil. Fyi the reason why our currency has been depreciating is because CBN doesn't have enough Forex our production also dipped badly 900,000b/d . Pls ask any financial expert or Economist what the Dangote refinery would do to the naira when we start production by March. 7 Likes 1 Share |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Omobola121(f): 2:15pm On Nov 11, 2022 |
Can you guide on how to mine it? Timo2020: |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Jencejyde(m): 2:16pm On Nov 11, 2022 |
GREATIGBOMAN: Hmmm been there before but it took time and serious learning of the ropes to now be grounded in the markets. If you can pm me we can discuss and maybe guide you on what to do. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by planetx: 2:17pm On Nov 11, 2022 |
Wrakeim:Trustwallet and Metamask are hot wallets not cold wallets because they are connected to the internet. Hardware wallets are the cold wallets because you are offline. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by MoneyMustBMade(m): 2:18pm On Nov 11, 2022 |
Don't sell yet wait, it will rise back again Forget what cbn are doing |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by henryomez(m): 2:18pm On Nov 11, 2022 |
GREATIGBOMAN:if I will tell you pls sell and accept your loss because naira is going to go up more. Don't be decived by people who got their money by crook either way they gain. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by EgusiShankly: 2:19pm On Nov 11, 2022 |
Krismas:Pardon me, why do people hoard the naira? |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by TheOgaBoss: 2:21pm On Nov 11, 2022 |
GREATIGBOMAN:it is not crypto that is ur problem per say, I think the naira just recently rallied against the dollar hence the loss, so peeps who also bought paper dollar also lost, but keep ur fingers crossed it may fall again. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by HardMirror(m): 2:23pm On Nov 11, 2022 |
kmaster007:i have learned one lesson in life. Those really making money would NEVER have time to tutor a stranger. They will only tell u the basics, but u expecting me to be guiding u? Lol. Just calm down and use google u will be surprised how much u will learn if you dedicate 2 hours everyday for a week. 5 Likes 2 Shares |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by hustla(m): 2:23pm On Nov 11, 2022 |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by OvertheTop(m): 2:23pm On Nov 11, 2022 |
GREATIGBOMAN: wow! You Invested 20M Naira ? where u na dey see this moni? 1 Like |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Munzy14(m): 2:24pm On Nov 11, 2022 |
GREATIGBOMAN:Enemy of Nigerian progress 4 Likes 1 Share |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Munzy14(m): 2:25pm On Nov 11, 2022 |
Nlanalyst:Mic is on.. Don't mind working boys. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Tombrown3(m): 2:25pm On Nov 11, 2022 |
techgen: All my life, for the very first time the Nigerian government made a move that will benefit the masses and not only the rich and elite. I know how much this policy to change our notes will affect criminals especially politicians. I pray it gets to 500, so I can buy my dream car next year with a smile. 5 Likes |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Munzy14(m): 2:26pm On Nov 11, 2022 |
hustla:Very possible. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by TheOgaBoss: 2:28pm On Nov 11, 2022 |
Wrakeim:yea, I think this election period contributed to all the noise, the naira may appreciate more as spending by our corrupt politician and cash hoarders levels out. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Basalt(m): 2:28pm On Nov 11, 2022 |
Total lost = #2,241,088 1 Like |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Nobody: 2:30pm On Nov 11, 2022 |
Munzy14:.. Pig |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by planetx: 2:30pm On Nov 11, 2022 |
. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Truth234(m): 2:31pm On Nov 11, 2022 |
frankson1: He needs to learn to invest it. He has not invested but only change to USD. He needs to learn how to invest in dollars. It is all these motivational speakers that tell them to change to dollars. It is rubbish. The CBN's new policy won't do much, I explained what led to this improvement in naira value in the link I published above. What would bolster Naira's value against its global counterparts is Dangote Refinery. It would ease Nigeria's over $50 billion expenditure on import fuel, which can then be used to cushion the economy. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by 9jaGovernment: 2:31pm On Nov 11, 2022 |
GREATIGBOMAN: Chat me up with this number let's talk business 08101646678 You did not make consultation buy bagging that USDT. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by DeOTR: 2:33pm On Nov 11, 2022 |
GREATIGBOMAN:Enemy of the state. Naira shall continue to grow from strength to strength. 2 Likes 1 Share |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by FireUpNow(m): 2:34pm On Nov 11, 2022 |
Iscoflexxman:That's good to hear. I discovered that the one I invested in was a new crypto in the crypto space and of the coins price has disappointed from trust wallet , even their telegram has disappeared too |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Mftivi: 2:35pm On Nov 11, 2022 |
GREATIGBOMAN:How do you expect to make money from something you don't even understand What were you doing when dollar was 400,500,600, 700 ? Na when e enter 800 you go buy am. It's like going to market seeing shoe for 10k but you didn't buy then someone calls you that shoe is now 20k you now went to buy it. That's stupid right ? That's what you did, since you had the mind to risk it all, in that same mindset continue risking it all by not selling until price goes up again. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by CodeTemplar: 2:35pm On Nov 11, 2022 |
GREATIGBOMAN:Crypto is money how can stagnant money make you money. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Dominic247: 2:35pm On Nov 11, 2022 |
NXT time make research before investing in any business. Another dip is still coming. Sell half of it and leave the rest |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Fearyourcreator: 2:37pm On Nov 11, 2022 |
GREATIGBOMAN:Same happened to me... I was even trying to save though... Binance locked my withdrawal ... I was just able to withdraw this morning |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by svc1(m): 2:38pm On Nov 11, 2022 |
My question is, why did you buy USDT ?. Trading crypto is like trading any other commodity. The market has always been governed by two variables (demand and supply). Before you buy something to make profit, you need to look at this two variables closely before you make that purchase. One of the questions you should ask yourself is, Is USDT scares or excess in the market. From my own research, there's a huge supply of USDT in circulation, because people are dumping their portfolios and sitting on fiat. Making fiat excess in the ecosystem. P2P exchange rate would tank quick because everybody is swapping their crypto for fiat. I would advice you either use your usdt and swap it for another stable coin like BUSD (cos there's a lot of FUD on tether right now). Go on twitter and follow @whale_alert for update on how the money is been moved. Also follow the right people for real time update on the crypto space. NB: if you are planning to venture into crypto trading better be active on your twitter, Cos there's alot of free info flying around CTngn. Or better still swap your USDT for anther crypto token and hope it goes up. I've got some token I know would be a good ROI but I'm not going to share that Info here. More or less my own hustle. Remember, trade volatile market with liquidity you can afford to loss. No use your life saving hustle for market wey you no know Jack about.
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Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Fearyourcreator: 2:39pm On Nov 11, 2022 |
GREATIGBOMAN:Why you no buy when it was 600naira then... You too wan rip naira... The other side come you come dey vex 3 Likes 1 Share |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Munzy14(m): 2:40pm On Nov 11, 2022 |
GREATIGBOMAN:O ri na crisis.. |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Fearyourcreator: 2:41pm On Nov 11, 2022 |
juniorstar:This is usdt... |
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by InvertedHammer: 2:42pm On Nov 11, 2022 |
GREATIGBOMAN: / 1. Historically, the influx of Diasporans for Xmas tend to bring in more forex into the parallel market. 2. CPI printed a good number in US yesterday and $ tanked against all major currencies---that's the reprieve you saw in the market. It ain't got nothing to do with FG or EFCC. I have got calls last week about two young lads that committed suicide in Nigeria because of crypto. One left a note to the effect while the other was reported to have been depressed for more than two months. That's two unreported death within one month. So...you see...you are still alive which means that you are not doing bad after all. I can give you a link to go and read up on other people's losses. You will notice that what you lost is just a penny to the amount of losses you will see there. A lot of people are hurting. But then, that's the nature of the market---sell fantasy to peasants and turn them to bag holders on the long term. / 3 Likes |
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