Most Nigerians are unpatriotic and it saddens me.. I doubt you'll ever see an Indian pray for their currency to fall so they can gain from hoarding of US dollars.. Our people should stop this greedy lifestyle and put the future of their kids into consideration.

I told a guy on here not too long that Naira will appreciate, he didn't believe reason being that whatever goes up in Nigeria doesn't come down.. I simply told him it'll shock him and today it's shocking everybody.

If you have joined bandwagon of unpatriotic individuals saving in dollars, premium tears is your portion if you don't back out before December.

I was a victim like you but I learnt my lessons, you dont buy dollar when its very expensive. You buy like now. It will increase later, so dont worry.

Athena6:
Last week I created a thread talking about how my japa plans have been crushed due to the increase in dollar.

Many adviced me to invest in dollar, this was the advice they gave me months ago but I did follow through because I wasn't sure.
My last thread hit front page and 90% of the comments were advising me to invest in dollars, one even quoted that in the past 10 years, the dollar haven't fallen but it increases every year.

One even called me a weak minded person and I am scared to take risks.
After everything I thought to myself, since so many people felt this dollar will keep on rising, maybe I should invest afterall life is all about risks.

Well guess what, dollar have decreased, I invested 3M in buying dollars and now in today exchange rate. I have 2.6M now and I either cash out now or hope it will increase.

Right now, I am very angry.
Those giving me advice should come and contribute the 400k for me o

Another thing, do you think the dollar will increase or should I just cut my loses.
I am so tired 😫

Cc Nlfpmod

Nlfpmod

Error401:
I was a victim like you but I learnt my lessons, you dont buy dollar when its very expensive. You buy like now. It will increase later, so dont worry.

Dollar is crashing to 800/750/600/500 into next year. Weve beem saying it to people. Do not buy dollar until at least September 2024

Omo carry your cross

Freelancerr:
Omo! Naso una carry advice give op. She self jump enter fire.

Sometimes I no no if una de pray make con3 better or make e spoil, how una go de pray make dollar enter 1500 or 2k una no wish the con3 well?

OP count your losses and move on.
Secondly don't invest all your money in one particular business.

They are economy terrorist

Like they say in crytpo thread ~ Buy the dip

I learnt my lesson last year

Never buy when it's at highest and when everyone is panick buying.

Keep it... Initial gragra from CBN. Importers cool cux of dollar rate.. I never import any thing since my last orders/shipments. Importers are borrowing now. But I pray naira gets its self back. Make things good for us all abeg. People are suffering o

Athena6:
Last week I created a thread talking about how my japa plans have been crushed due to the increase in dollar.

Many adviced me to invest in dollar, this was the advice they gave me months ago but I did follow through because I wasn't sure.
My last thread hit front page and 90% of the comments were advising me to invest in dollars, one even quoted that in the past 10 years, the dollar haven't fallen but it increases every year.

One even called me a weak minded person and I am scared to take risks.
After everything I thought to myself, since so many people felt this dollar will keep on rising, maybe I should invest afterall life is all about risks.

Well guess what, dollar have decreased, I invested 3M in buying dollars and now in today exchange rate. I have 2.6M now and I either cash out now or hope it will increase.

Right now, I am very angry.
Those giving me advice should come and contribute the 400k for me o

Another thing, do you think the dollar will increase or should I just cut my loses.
I am so tired 😫

Cc Nlfpmod

Nlfpmod

Gamblers know when to quit. You don't want to be the last one sitting at the table wondering where all your money went

Lol...

Calm down, it'll still go up.

Good News is that you have a more stable currency in your savings.

Don't ever make the mistake of panic selling now because that's when you lose.

Take this opportunity to buy more Dollars.

What the CBN and APC is currently doing now isn't sustainable.

I dont see the dollar going back to 1k naira ever again.

It's currently at 940

Athena6:
Last week I created a thread talking about how my japa plans have been crushed due to the increase in dollar.

Many adviced me to invest in dollar, this was the advice they gave me months ago but I did follow through because I wasn't sure.
My last thread hit front page and 90% of the comments were advising me to invest in dollars, one even quoted that in the past 10 years, the dollar haven't fallen but it increases every year.

One even called me a weak minded person and I am scared to take risks.
After everything I thought to myself, since so many people felt this dollar will keep on rising, maybe I should invest afterall life is all about risks.

Well guess what, dollar have decreased, I invested 3M in buying dollars and now in today exchange rate. I have 2.6M now and I either cash out now or hope it will increase.

Right now, I am very angry.
Those giving me advice should come and contribute the 400k for me o

Another thing, do you think the dollar will increase or should I just cut my loses.
I am so tired 😫

Cc Nlfpmod

Nlfpmod

Sorry about that. It's life though. We're not superhumans to know what we don't know.

You'll have to stay focused though and not let that make you take irrational decisions.


Take a breath and relax a bit before jumping into another decision.

I did drop you a message. At your convenience, do respond.

mactoni91:
Lol...

Calm down, it'll still go up.

Good News is that you have a more stable currency in your savings.

Don't ever make the mistake of panic selling now because that's when you lose.

Take this opportunity to buy more Dollars.

What the CBN and APC is currently doing now isn't sustainable.

How much dollars have you hoarded?

Athena6:
Last week I created a thread talking about how my japa plans have been crushed due to the increase in dollar.

Many adviced me to invest in dollar, this was the advice they gave me months ago but I did follow through because I wasn't sure.
My last thread hit front page and 90% of the comments were advising me to invest in dollars, one even quoted that in the past 10 years, the dollar haven't fallen but it increases every year.

One even called me a weak minded person and I am scared to take risks.
After everything I thought to myself, since so many people felt this dollar will keep on rising, maybe I should invest afterall life is all about risks.

Well guess what, dollar have decreased, I invested 3M in buying dollars and now in today exchange rate. I have 2.6M now and I either cash out now or hope it will increase.

Right now, I am very angry.
Those giving me advice should come and contribute the 400k for me o

Another thing, do you think the dollar will increase or should I just cut my loses.
I am so tired 😫

Cc Nlfpmod

I'm one of the 2 or 3 men on that thread who told you NOT to buy large amounts of USD and/or USDT because the Naira would appreciate as a result of many fast unfolding economic variables. Better to cut your losses and run now because many people will go into systemic shock when they lose their money big time because they have engaged in hoarding or unsustainable market speculations.

CNG as part of the energy mix, will become the norm down the road, and the immediate one is that Dangote Refinery in Ibeju Lekki, Lagos, is due to start producing at the end of November 2023. The PH refinery too will commence production from the first quarter of 2024. A refinery is being built by BUA in Akwa Ibom State which is the largest producer of crude oil in Nigeria. So, the Naira would appreciate and the demand for imported refined fuel would drop... hence the conservation of a whooping $10 billion that is spent annually on fuel importation. The CBN would also get USD from the refineries' transactions when they start working at near-capacity.

Just as I said, better to invest part of the money you have inherited in capacity building, and get involved in cross-border investments that will generate hard currency for you while still in Nigeria. Be wise. Period.

Wujio:



Dollar is crashing to 800/750/600/500 into next year. Weve beem saying it to people. Do not buy dollar until at least September 2024

Na emergency speculators.

Everyone suddenly don become forex expert.

Athena6:
Last week I created a thread talking about how my japa plans have been crushed due to the increase in dollar.

Many adviced me to invest in dollar, this was the advice they gave me months ago but I did follow through because I wasn't sure.
My last thread hit front page and 90% of the comments were advising me to invest in dollars, one even quoted that in the past 10 years, the dollar haven't fallen but it increases every year.

One even called me a weak minded person and I am scared to take risks.
After everything I thought to myself, since so many people felt this dollar will keep on rising, maybe I should invest afterall life is all about risks.

Well guess what, dollar have decreased, I invested 3M in buying dollars and now in today exchange rate. I have 2.6M now and I either cash out now or hope it will increase.

Right now, I am very angry.
Those giving me advice should come and contribute the 400k for me o

Another thing, do you think the dollar will increase or should I just cut my loses.
I am so tired 😫

Cc Nlfpmod

Nlfpmod

It will increase

Swiftgrp:

I'm one of the 2 or 3 men on that thread who told you NOT to buy large amounts of USD and/or USDT because the Naira would appreciate as a result of many fast unfolding economic variables. Better to cut your losses and run now because many people will go into systemic shock when they lose their money big time because they have engaged in hoarding or unsustainable market speculations.

CNG as part of the energy mix, will become the norm down the road, and the immediate one is that Dangote Refinery in Ibeju Lekki, Lagos, is due to start producing at the end of November 2023. The PH refinery too will commence production from the first quarter of 2024. A refinery is being built by BUA in Akwa Ibom State which is the largest producer of crude oil in Nigeria. So, the Naira would appreciate and the demand for imported refined fuel would drop... hence the conservation on a whooping $10 billion that is spent annually on fuel importation. The CBN would also get USD from the refineries transactions when they start working at near-capacity.

Just as I said, better to invest part of the money you have inherited in capacity building, and get involved in cross border investments that will generate hard currency for you while still in Nigeria. Be wise. Period.

Brilliant submissions.

Luckysbab:


Brilliant submissions.

Thanks @Luckybab.

Sometimes it is better to stay where you are and you know

Illegal1:
omoh..........fear not,dollar will kip increasing as long as tinubulation is on the throne.

u shall smile again..

it will not happen. Nigeria will win

Luckysbab:



Na emergency speculators.

Everyone suddenly don become forex expert.

Na who you be ? I send you ?

Athena6:
Last week I created a thread talking about how my japa plans have been crushed due to the increase in dollar.

Many adviced me to invest in dollar, this was the advice they gave me months ago but I did follow through because I wasn't sure.
My last thread hit front page and 90% of the comments were advising me to invest in dollars, one even quoted that in the past 10 years, the dollar haven't fallen but it increases every year.

One even called me a weak minded person and I am scared to take risks.
After everything I thought to myself, since so many people felt this dollar will keep on rising, maybe I should invest afterall life is all about risks.

Well guess what, dollar have decreased, I invested 3M in buying dollars and now in today exchange rate. I have 2.6M now and I either cash out now or hope it will increase.

Right now, I am very angry.
Those giving me advice should come and contribute the 400k for me o

Another thing, do you think the dollar will increase or should I just cut my loses.
I am so tired 😫

Cc Nlfpmod

Nlfpmod

Well, You didn't take my own advise.


Maybe You'll Take It This Time Around.



Whatever is happening to The Naira and Dollar Rate for Now is called "Retracement".


The Rate Could Either Go Up or Go Down.


Speculators want it to Rise Up.


The Nigerian Government wants it to Crash Down.




Who Do You Follow ?


Speculators or Government ?


You Can't Be So Sure ! Can You ?







Well, If You Are CryptoWise; By Now - You Should Know That BITCOIN Has Been On A BULLISH RUN For Over A Week Now and It Would Continue To Be On This Run All Through The Year and Year 2024 As To The Bitcoin Halving.



If You Had Invested Your Money Buying BTC when 1 BTC was $27,000; By Now You Would Have Been in Profit and Still Be In Profit That You Can Be Withdrawing To Buy Other Offline Assets And Do Other Things That You Like.


BTC is Over $34,000 Now. It will continue to pump.





Too Many Words Already.


Don't Panic. Convert Your Dollars To BTC and Keep HODLING.



Ask Seun Osewa Too..... This is The Best Advice You'll Ever Get On Nairaland.



From My Heart.

Luckysbab:


How much dollars have you hoarded?

You wan Rob me?

Athena6:
Last week I created a thread talking about how my japa plans have been crushed due to the increase in dollar.

Many adviced me to invest in dollar, this was the advice they gave me months ago but I did follow through because I wasn't sure.
My last thread hit front page and 90% of the comments were advising me to invest in dollars, one even quoted that in the past 10 years, the dollar haven't fallen but it increases every year.

One even called me a weak minded person and I am scared to take risks.
After everything I thought to myself, since so many people felt this dollar will keep on rising, maybe I should invest afterall life is all about risks.

Well guess what, dollar have decreased, I invested 3M in buying dollars and now in today exchange rate. I have 2.6M now and I either cash out now or hope it will increase.

Right now, I am very angry.
Those giving me advice should come and contribute the 400k for me o

Another thing, do you think the dollar will increase or should I just cut my loses.
I am so tired 😫

Cc Nlfpmod

Nlfpmod

Please op I beg u whatever ur doing never sell dollar would increase more during December

Benki003:



Please op I beg u whatever ur doing never sell dollar would increase more during December

Your reasons pls

I wound have gained 220k if dollar remained at 1250 but I sold both to aboki and p2p for 1050, and that was because I needed funds urgently. If I were you I wouldn't sell the dollar. Leave it, it will take time but will still rise. Even if it doesn't get to 1300, it will reduce your losses.

Wujio:




Cut it. Its going down. There are businesses to do to make.profit.in Nigeria. You just have to be smart..example, you dont invest your 100% at once.in a single business. O wrong nau

Stop listening to that guy he's one of the tinubu praise singers who talk without logic.

The first mistake was tinubu floating the naira for a country that's so dependent on importation.

The rebound you seeing right now is also fueled by fear, people are offloading their dollars only for one big man to mop it all up.

I have traded forex and individuals like you and me don't move the market even in our hundreds of thousands. One big man can mop it all up and determine the price.

So, unless you urgently need money now, sell. Otherwise wait, naira is no match for dollar.

skultrick:


Stop listening to that guy he's one of the tinubu praise singers who talk without logic.

The first mistake was tinubu floating the naira for a country that's so dependent on importation.

The rebound you seeing right now is also fueled by fear, people are offloading their dollars only for one big man to mop it all up.

I have traded forex and individuals like you and me don't move the market even in our hundreds of thousands. One big man can mop it all up and determine the price.

So, unless you urgently need money now, sell. Otherwise wait, naira is no match for dollar.

Have you made $30,000 in forex before? I made that almost eight years back in a single week. Thats how your kinds brag and end up disgracing yourself. The exchange rate will crash further to 850/750 next week. I am here for you to validate my projection next week


Olodo

Serendipity2023:


Your reasons pls

Firstly there no policy installed to checkmate naira crisis just borrowing, and secondly we are solely dependent on importation and besides we are entering festive period.




And then I just believe that the are installing fear into people holding dollar for a quick sale only for them to sell and dollar begins to increase again

Hardluck

How e take concern us? Your loss, my joy








Good morning all the handsome men in the building and the other gender that begged Joseph for one round, i come in peace 🤍

Guy relax. You will still make more than that if you stand your ground. All these shenanigans are temporary.