armadeo:



Guy some times make you no too dey yan out. How can an adult nigerian male speak like this. It means you have no knowledge of economics at all.

I'm not even a social sciences or arts person but I know what you've written there no join at all.


Go and study demand and supply you'll get your answer.

You think one app somewhere can determine the value of a nations currency Na wa for you sha.

I am guessing He his a teen. Probably confusing all this gifts card for a currency.

Guys what do you think of Copy trading? is it profitable to follow experts trades? what are the CONS? what is your Unpopular opinion about it?

Gooday guys, i need your kindly advice.

I want to go into future trading, and am planning to use grid trading bot in binance, i want to start with 10usdt.

I want to know what trading pair you think i can trade. I am thinking of eth/usdt and wanted to ask if 10$ will be enough since am using a trading bot.

10usdt won't give you any reasonable profit both on futures and on spot. You might probably look for a 100 and start trading. Trading with 10 usdt is like wasting away your time. In crypto, big capital, reasonable profit expect shitcoins if your luck dey there

Luada:
Gooday guys, i need your kindly advice.

I want to go into future trading, and am planning to use grid trading bot in binance, i want to start with 10usdt.

I want to know what trading pair you think i can trade. I am thinking of eth/usdt and wanted to ask if 10$ will be enough since am using a trading bot.

In binance alone, 24 hrs period you have a buy/sell volume of 700kusd/ngn(spot not p2p). Some days 1m usdt/ngn.
Early days, Forex trading/aboki exchange are limited to some ppl. Now with binance, common man has access on ground level. Make no mistake, Binance plays a major role. Sometime the order are even larger than BTC/USdt pair.

Earlier this yr, you couldn't sell usdt to naira if you are not in naija using p2p. Now you can trade Ngn/USdt on spot. Meaning I might not even cash out my naira, making more room to verse market.

Like I said, demand and supply. Most naija wey wan jakpa, ppl wanting a safe heaven to the depreciation of naira goes towards USdt cos it's more stable than other crypto.

My position still remains buy BTC instead of USdt. Real asset.


.

Bullish99:
Take it or leave it, Binance USDT/NGN chart and Binance P2p has being a rolel model that controls Nigeria exchange rates. Sad! But true.
I took my time to study this. Most of you here can type BLA BLA BLA that we majorly import so many things well, it shouldn't be worse as this and moving at this pace if BINANCE never existed.

Don't mind those small boys attacking you. As CZ opened the spot trading, the rate at which anyone trading this currency is on a high level. If them close that spot trading and leave only p2p, this manipulation will curtail. Make dem dey there make pant dey wear them.

Fastt:


Don't mind those small boys attacking you. As CZ opened the spot trading, the rate at which anyone trading this currency is on a high level. If them close that spot trading and leave only p2p, this manipulation will curtail. Make dem dey there make pant dey wear them.

Oga no be only binance they trade that price for p2p. Other exchange dey. If them close binance, whona go find another exchange to place blame on. From aboki to binance to....... which one after binance....

SINisSIN:
10usdt won't give you any reasonable profit both on futures and on spot. You might probably look for a 100 and start trading. Trading with 10 usdt is like wasting away your time. In crypto, big capital, reasonable profit expect shitcoins if your luck dey there

You mean 10 usdt on a leverage of 100x, that means am trading with 1000 usst is nothing, come man it only on spot that 10$ is nothing.

.

Eaglepixel:

These days outside social media people don't reason deep and comprehension level is low. They also hate the truth.

Binance contribute 30-50% to the fake price of usdt/ngn.

Look at the amount of USDT being minted. Where is it going into ==>binance. They mint, sell to you . You rush and buy cos naira is going down. They use some real naira money to prop btc.

If you want to protect your money, asset, invest in something of value.
Real estate
Index funds
Eth or BTC (more risky but better than sh1tcoins).

Stop buying and hiding USDT. USDT is not and will never be USD. Don't go and loose your life savings.

Volume very low in other exchanges but binance. Binance has been having money transfer problems from UK, Europe... Almost all western world. Third world are beginning to tighten up and ask questions.

They open naira spot trading to meet demand and easy manipulate.

The last time CZ tweeted Nigerian flag. Left no comments. And they said learn "economics". Only if you learn about hyperinflation, money history, and how it can be created out of thin air (USDT), ppl scared of loosing their savings thereby running into hiding it in USDT . You will think twice and investigate from all angles in order to control the naira depreciation.

Goodluck!

Luada:


You mean 10 usdt on a leverage of 100x, that means am trading with 1000 usst is nothing, come man it only on spot that 10$ is nothing.

Fastt:


Look at the amount of USDT being minted. Where is it going into ==>binance. They mint, sell to you . You rush and buy cos naira is going down. They use some real naira money to prop btc.

If you want to protect your money, asset, invest in something of value.
Real estate
Index funds
Eth or BTC (more risky but better than sh1tcoins).

Stop buying and hiding USDT. USDT is not and will never be USD. Don't go and loose your life savings.

Volume very low in other exchanges but binance. Binance has been having money transfer problems from UK, Europe... Almost all western world. Third world are beginning to tighten up and ask questions.

They open naira spot trading to meet demand and easy manipulate.

The last time CZ tweeted Nigerian flag. Left no comments. And they said learn "economics". Only if you learn about hyperinflation, money history, and how it can be created out of thin air (USDT), ppl scared of loosing their savings thereby running into hiding it in USDT . You will think twice and investigate from all angles in order to control the naira depreciation.

When usdt depeg, people go learn new things.

Comedians full this thread...someone was even saying that up to one million dollars is traded daily on binance hence binance spot/p2p trading controls the exchange market for the naira...do these guys even know that more than one hundred million dollars are traded offline on a daily basis ?? Going by their logic , are they saying a volume of 1million dollars is now controlling a volume of 100million dollars...does that even make sense to you ??

Secondly why do some ignorant people think that trading starts and ends only with binance ?? Do you know how many other big crypto exchanges where millions of dollars are traded for naira consistently ?? So what about those other exchanges ?? So what are those other exchanges responsible for?? Some of these exchanges even have dollars price higher than that of binance p2p and co...why are these same set of people not blaming the other exchanges too ?? I guess they all believe that trading starts and ends on binance.. ignorant people.

There is an adage " pikin wey never visit another person farm go think say na him papa farm big pass "..


One even said that it is binance that is manipulating the usdt/ngn price..okay let's even assume it is true , will you permit me to point out your hypocrisy ?? Okay this is it ....dollars rose from 600naira to 1200naira within few months which is 100% price increase within those few months , you said it is manipulation , you said how can the naira get weak so fast within few months..now this is where the hypocrisy is, just few days ago the naira went from 1300 to 890naira within three days , that is up to 30% within three days only ...but I did not hear some you say it is manipulation too, no one is saying how did the price drop so very fast , why are you not saying it was binance that also made it drop too the way you claimed binance made it rise in the first place.. hypocrisy..


Infact some of them were even praising the government and CBN and Co..

I guess their own definition of price manipulation is that it is only exists when the price of dollar rises , and when the price of dollars falls then it is the government that is working ...so many dull people

Well well if binance shuts down trading for Nigerians and they all move to another exchange , is that how you people will continue to blame the other exchanges for your woes ?? How long are we going to continue this blame-game ?? The same blame-game that has made your country stagnant for years.. always blaming others for their failures..

If your walls are not opened , will lizards be able to enter there ??


Do not worry , una go soon blame kucoin and leave binance alone at this rate you people are going..


You

For those having issues with placing ads and rates differences on Binance p2p, check this. Binance is using price control mechanism now, you can't set price above their set price ( confirm this by trying to set buy or sell ads).

Those selling above Binance set price according to the C's have open orders before now.

The guy that was complaining the other day, this is the reason.

lrman:
Comedians full this thread...someone was even saying that up to one million dollars is traded daily on binance hence binance spot/p2p trading controls the exchange market for the naira...do these guys even know that more than one hundred million dollars are traded offline on a daily basis ?? Going by their logic , are they saying a volume of 1million dollars is now controlling a volume of 100million dollars...does that even make sense to you ??

Secondly why do some ignorant people think that trading starts and ends only with binance ?? Do you know how many other big crypto exchanges where millions of dollars are traded for naira consistently ?? So what about those other exchanges ?? So what are those other exchanges responsible for?? Some of these exchanges even have dollars price higher than that of binance p2p and co...why are these same set of people not blaming the other exchanges too ?? I guess they all believe that trading starts and ends on binance.. ignorant people.

There is an adage " pikin wey never visit another person farm go think say na him papa farm big pass "..


One even said that it is binance that is manipulating the usdt/ngn price..okay let's even assume it is true , will you permit me to point out your hypocrisy ?? Okay this is it ....dollars rose from 600naira to 1200naira within few months which is 100% price increase within those few months , you said it is manipulation , you said how can the naira get weak so fast within few months..now this is where the hypocrisy is, just few days ago the naira went from 1300 to 890naira within three days , that is up to 30% within three days only ...but I did not hear some you say it is manipulation too, no one is saying how did the price drop so very fast , why are you not saying it was binance that also made it drop too the way you claimed binance made it rise in the first place.. hypocrisy..


Infact some of them were even praising the government and CBN and Co..

I guess their own definition of price manipulation is that it is only exists when the price of dollar rises , and when the price of dollars falls then it is the government that is working ...so many dull people

Well well if binance shuts down trading for Nigerians and they all move to another exchange , is that how you people will continue to blame the other exchanges for your woes ?? How long are we going to continue this blame-game ?? The same blame-game that has made your country stagnant for years.. always blaming others for their failures..

If your walls are not opened , will lizards be able to enter there ??


Do not worry , una go soon blame kucoin and leave binance alone at this rate you people are going..


You

they re all embeciles... Lea e them to wallow in their ignorance

Bullish99:
Take it or leave it, Binance USDT/NGN chart and Binance P2p has being a rolel model that controls Nigeria exchange rates. Sad! But true.
I took my time to study this. Most of you here can type BLA BLA BLA that we majorly import so many things well, it shouldn't be worse as this and moving at this pace if BINANCE never existed.

Your level of stupidity is to infinity

SINisSIN:
Goodluck!

Wanted to ask what speculated profit you think I can make with that amount.

Fastt:
In binance alone, 24 hrs period you have a buy/sell volume of 700kusd/ngn(spot not p2p). Some days 1m usdt/ngn.
Early days, Forex trading/aboki exchange are limited to some ppl. Now with binance, common man has access on ground level. Make no mistake, Binance plays a major role. Sometime the order are even larger than BTC/USdt pair.

Earlier this yr, you couldn't sell usdt to naira if you are not in naija using p2p. Now you can trade Ngn/USdt on spot. Meaning I might not even cash out my naira, making more room to verse market.

Like I said, demand and supply. Most naija wey wan jakpa, ppl wanting a safe heaven to the depreciation of naira goes towards USdt cos it's more stable than other crypto.

My position still remains buy BTC instead of USdt. Real asset.


.

apart from USDT that being manipulated by Binance, which currency is purely equivalent to US dollar in crypto world?

Nigeria na yeye country.....

Dollar is up again...

Luada:


You mean 10 usdt on a leverage of 100x, that means am trading with 1000 usst is nothing, come man it only on spot that 10$ is nothing.

On 100x leverage 1% drop will whipe out your trade

Tohmey:

On 100x leverage 1% drop will whipe out your trade

OK what if I use a 50x leverage am planning to do future grid

owunabastard:
apart from USDT that being manipulated by Binance, which currency is purely equivalent to US dollar in crypto world?

Be wise for ones, you lack wisdom

Luada:


Be wise for ones, you lack wisdom

What is this fool is talking about, I asked you? Idiot

owunabastard:
What is this fool is talking about, I asked you? Idiot

Really don't have time for you now, cause the best answer for a fool is silence.

How can you blame the downfall of a currency on binance, while they're more platform out their too.

SINisSIN:
Goodluck!

I love your response....seems he is new and not ready to learn

owunabastard:
apart from USDT that being manipulated by Binance, which currency is purely equivalent to US dollar in crypto world?

USDC. At least they are monitored by the US govt.

etin06:


When usdt depeg, people go learn new things.

Don't mind them. Official dollar price from bank is 750. Aboki FX is 970 while Binance(usdt) is 1050 and they say Binance has not hand. Meanwhile when you ask them price of USD they take reference from Binance. Jokers

Both Tohmey and SINisSIN have given you the best advice.

The amount you can make on that $10 is $10...if the coin moves 10%...that is if you are using x10 leverage, which you shouldn't exceed, except you have a sure trade via signal or reputable technical analysis. The power of compounding will make your capital grow faster. But trying to use higher leverage does not equal more money, only faster wipeout.

Luada:


OK what if I use a 50x leverage am planning to do future grid

BTC, up or down? Which coin fit make small move now?

"This time it's no different.

Market will crawl so the impatient will leave.

Fake News will flourish to wipe out excessive leverage.

TradiFi 'Crypto is dead' threads will boom.

But those who will bet quietly and use volatility as a weapon, will accumulate this wealth."

#copied

twosquare:
Both Tohmey and SINisSIN have given you the best advice.

The amount you can make on that $10 is $10...if the coin moves 10%...that is if you are using x10 leverage, which you shouldn't exceed, except you have a sure trade via signal or reputable technical analysis. The power of compounding will make your capital grow faster. But trying to use higher leverage does not equal more money, only faster wipeout.

Thanks very much for the advice