Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,227,683 members, 8,071,261 topics. Date: Wednesday, 05 February 2025 at 06:08 PM

Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days - Investment (15) - Nairaland

Nairaland Forum / Nairaland / General / Investment / Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days (64970 Views)

1.5 + Odds Under 2.5 Single / 150k Under 2 Months / Crypto Is A Manipulated Market! (2) (3) (4)

(1) (2) (3) ... (12) (13) (14) (15) (16) (17) (18) ... (21) (Reply) (Go Down)

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Parachoko: 6:22pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions
Sell it
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Nobody: 6:24pm On Nov 11, 2022
iLegendd:
We've been announcing you guys should put your money in USDT when the price was 370/$ to 400/$, but most of you refused to listen. Now that it's already high is when people are rushing to convert their money to Dollar.

Mentor I greet you sir grin

More anointing sir smiley

1 Like

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Munzy14(m): 6:25pm On Nov 11, 2022
mariahAngel:


They don't care.
My friend in it..If you see him talking eeh, You go tire.

He gives world economic updates..This extreme hardship now, he told me this around April.

He told me, the government doesnt care about anyonecheesy

Check well it is truth..

If you tell him I am looking up to God, he will just laugh at you..grin

Crypto eeh I tire o..

He is a big guy..Owns Bitsafrika dot com.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Cde1: 6:30pm On Nov 11, 2022
Never put all eggs on what has No real value
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by mariahAngel(f): 6:31pm On Nov 11, 2022
Munzy14:

My friend in it..If you see him talking eeh, You go tire.

He gives world economic updates..This extreme hardship now, he told me this around April.

He told me, the government doesnt care about anyonecheesy

Check well it is truth..

If you tell him I am looking up to God, he will just laugh at you..grin

Crypto eeh I tire o..

He is a big guy..Owns Bitsafrika dot com.

God go humble everybody laslas.

Na during covid lockdown I take know say man no be anything. cheesy

1 Like

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Oluwademilade: 6:34pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions

I think the issue here is you not having enough training experience before going into crypto. Basic technical and fundamental analysis would have made it clear to you that the dollar was over valued at N800+ and massive sell of will soon take place.
I advice you to get some training
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Carlyboi(m): 6:36pm On Nov 11, 2022
pocohantas:


Appreciate kini? As I dey move am about, almost $5 commot in minutes. No wonder una dey get high bp for the matter. I dey wait to receive credit from the buyer sha. Thanks for this motivation. grin


You’re welcome babe!it is a crazy crypto world tbh...moving it around simply makes the coin lose value imagine exchanging a stronger coin for a weaker one the coin value would obviously drop.I’m thinking your buyer would have paid by now at least you can detty this TGIF night with the money lol
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by mechanics(m): 6:39pm On Nov 11, 2022
You just have to be patient, follow the market trend.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Revolva(m): 6:43pm On Nov 11, 2022
Timo2020:
Crypto is for everyone no business that doesn't has risk even though crypto is so volatile people are still making it all you need is more knowledge about how cryptocurrency works.now let me suggest a token for you it's called XEN you don't need to buy just mint for long term on ETh blockchain thanks wish you best of luck

how do we do this on blockchain ...pls elaborate
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Revolva(m): 6:46pm On Nov 11, 2022
EmmyOD:


Wait... Are you talking of Nigerian Dollars cards or the Nigerian naira cards cos I just applied for a domiciliary card for this same purpose. Pls explain further sir

its the naira ATM card that is limite dto 20usd.....as for d dorm card its unlimited and the best to use now without limit
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Bright2(m): 6:52pm On Nov 11, 2022
Don't venture into what you don't understand, how on earth will you
Invest in crypto during bull season , who thought you that one?
Get a mentor before you proceed next time.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by InvertedHammer: 6:54pm On Nov 11, 2022
SerendipityHIGH:


Do you think it will still rise or fall?

/

As God as abi wetin?

Do your research. Use due diligence and don't over leverage. I ain't got no magic wand. Don't speculate. Let the market show you its hand first.

/
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by bakesntakes(m): 6:55pm On Nov 11, 2022
I won't advice you to sell it... Just keep it till December, it's still gonna rice... I feel its going to go higher if Nigerian changes their currency
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by balarabe01(m): 6:58pm On Nov 11, 2022
There has never been a better time to reap from your crypto investment than now, the mistake you made was hodling usdt instead of trading it or swapping it. You could double it in 7days if you knew how.
I can help guide you if youre willing to honestly reward value for value, your life will change forever. Goodluck. 0812445545zero.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by bigtt76(f): 7:04pm On Nov 11, 2022
Keep your USDT it's fiat and when demand increases you will be better off for it.


GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Starz825(m): 7:13pm On Nov 11, 2022
GREATIGBOMAN:
I need ur input.


Money way I wan use start house project


I bought that USDT Because I didn't want my money to be loosing value in the bank


Now all of a sudden immediately I got usdt some people are now telling me I should have gotten BUSD


Why on earth did Naira appreciate


As if they were timing me
Why naira no go appreciate...
You guys are part of the problem of this country....

You staked against naira now he dey show you shege....
Come to think of it:
Who buys naira when it's 800+

Where were you when it was 600..and was evidently sure it will go up....

You did the buz at a wrong timing....


You must have been among the people wishing naira 1k per dollar which will leave bad taste for others...

Count your loss, learn your lesson and move on

Thank you

1 Like

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Kei144(m): 7:13pm On Nov 11, 2022
Cooleeey:
don't rush to sell

Wait till after election

New naira notes will cause scarcity of naira notes, which will cause massive appreciation of naira.Dollar to naira exchange rate will go sub 500.

2 Likes

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by ThatsONYI: 7:16pm On Nov 11, 2022
techgen:
Naira will hit $1= 500 by January, 2023,... And would not hit 800 for the next 20yrs.

Know this and know peace....it's all Written in the sky cheesy

Sorry for your lost OP

shocked

Sorry OP but the inflation is driving poor guys like me crazy, so I say Amen to that prayer above... I pray it gets even lower than 500..

1 Like

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by steeltrust: 7:19pm On Nov 11, 2022
Wrakeim:
Please the crypto space has been so volatile don't keep your money on centralized exchanges like binance use cold wallets like trustwallet and metamask or buy hardware wallets like ledger or trezor. Check what happened to cex like ftx recently
Cz ny wound ftx

That guy no want competition with Binance and I heard he has bought up ftx

People call it business strategy but I call it wickedness
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Munzy14(m): 7:22pm On Nov 11, 2022
mariahAngel:


God go humble everybody laslas.

Na during covid lockdown I take know say man no be anything. cheesy
Of course!

He believes well in God o..a staunch Catholic o.

Mana he will say, God gave you brain, to function..Don't stress him. grin

Covid levelled everything. I don't want to flash back ogrin scary year..

Aba and Owerri come be like say person dey go Overseas.

Health workers and farmers we deserve big kudos! cheesy
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by nakaman: 7:22pm On Nov 11, 2022
Cooleeey:
don't rush to sell

Wait till after election
e go worse o
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by ThatsONYI: 7:22pm On Nov 11, 2022
Drunkard1:
baba . make i drop my usdt make u wire me 100usd. I don liquidate. I broke die

shocked

grin grin

1 Like

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by ThatsONYI: 7:24pm On Nov 11, 2022
GREATIGBOMAN:
.
I lost money u still want me to send u money


The ogun way go strike u eh

shocked


cheesy grin


Even I feel sorry for ya, I can't pray for naira to depreciate because we in the hood are barely surviving.. we are dying over here please embarassed
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by oluxy(m): 7:28pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions

Come join us in arbitrage trading of usdt trc20
of 2.2 percent of any amount you have daily
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by ThatsONYI: 7:29pm On Nov 11, 2022
Johnn44:

So because you bought at $1=N866 you are shouting.Unless it’s money you need urgently, l advise you to just leave usdt hodl sit it out. $1 go reach 900Naira by February.
Before pikin dem born today go clock five years; $1 go don reach N1500 . Before e clock 25years; grin $l go don reach N2500. Very useless economy like that.
I year maximum you go see profit sure banker.

shocked


Seriously

I need to leave this country before that happens or better still they divide the country - we the poor masses are dying ffs!

1 Like 1 Share

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by SuRamzy: 7:34pm On Nov 11, 2022
GREATIGBOMAN:



And whoose fault is it it's depreciating?

We all wanted it to appreciate but it kept depreciating


I'm certain it will deep further during Christmas when demand for it will be high I so much pray it deeps further


Imagine u can't do transaction more than $20 with Nigerian cards.


Fuckkk u and your notes

boss, i strongly suggest you count your loose, and withdrawl your cash before dollar begins depreciate in value against naira, due to dollarisation of new naira note policies by CBN, or you let your cash stock hitherto 2035.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by steno1: 7:35pm On Nov 11, 2022
GREATIGBOMAN:


It's really painful... Especially if u do legit business and know how much sweat u put in before making a single penny.


My eyes now almost having issues due to me always on my system doing gigs for people.

Buy blue coat eye glass
I've been down ever since.




Baddest month of my life.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by juman(m): 7:42pm On Nov 11, 2022
Niorte:


....When one does not want to learn but wants to earn
....When one does not have an experienced person holding you by hands
....When one does not have a trading plan
....When one is not disciplined
....when one has got high level of greed
....when one lacks patience
and more of when....

Too many when.

Hence I prefer to run away from it.

1 Like

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by tempest01(m): 7:43pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions

Wait till December when the CBN ban kicks in. all immediately the price hits your buy in price because the dollar will also be cleaned from the market (or rumours if it), causing the price to fall again.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Goldbw122(m): 7:44pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions
My advice for you is to keep it, don't sell I know there is fear and all of that emotion running wide, yeah I know just keep it, and wait the naira to dollar will be 1000 naira and upward.. the price coming down is just temporary Nigeria, my country...
So don't panic..
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by nelcliff(m): 7:48pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December


Honest opinions



Oga go for knowledge before venturing into Crypto space.


Crypto has made many become rich almost overnight.

With the right mind and knowledge, you won't lost and even if you do be lost, it will be something that won't send you to thinking so much about it.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Nobody: 7:51pm On Nov 11, 2022
oluxy:


Come join us in arbitrage trading of usdt trc20
of 2.2 percent of any amount you have daily

How

(1) (2) (3) ... (12) (13) (14) (15) (16) (17) (18) ... (21) (Reply)

For The Deriv Traders / Chuddy Ugorji Got New SUV From MMM Guiders As Wedding Gift / MMM Nigeria Freezes Out Mavrodians

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2025 Oluwaseun Osewa. All rights reserved. See How To Advertise. 63
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.