Oilwell:
Its either you are dull or you are a type of person that sees the truth and looks the other way( A hypocrite).

Birdbyrde440:


(If I ask you why now you will fumble. Watch.)

Why do you say that?

Birdbyrde440:


Why is your life full of emotional sentiments?
I asked you to defend your position you are busy posting screen shots

Oilwell:


My position is stack up enough dollars and invest in landed properties. A government way no fit control the regular market na black market them fit control?


One may have the political structure to win elections but does he have the Economic structure to handle the economy?

Visocrate:
So in essence now make we no look for money invest for crypto

Oilwell:


My position is stack up enough dollars and invest in landed properties. A government way no fit control the regular market na black market them fit control?


One may have the political structure to win elections but does he have the Economic structure to handle the economy?

Birdbyrde440:


Based on your advice to stack up on dollars and some average joe reads it and buys dollar at the current black market rates of 1450/$
And tomorrow Tinubu decides to clear all backlogs and floods the system with $20bn to banks to sell to people at 900/$... as a result more people go to the bank to get their dollars instead of black market and as a result bureau de change rates drops and aligns with the bank rate of 900/$
Based on your advice, that average joe has lost more than 1/3 of their money.
So understanding the system is crucial.

Oilwell:


If it goes down to $900. we will even buy more because like Garri it will surely rise again.

When nepotism and tribalism is the order of the day of any government, you can easily predict the economy.

Birdbyrde440:


Who is "we"?

You think the average joe will source more money to keep buying $?
What if he bought with his last money?
Or sold his home based on your advice just to buy $ and you come and tell him to buy more, from where will he get the money?

Birdbyrde440:
I started experimenting with cryptocurrencies as early as 2016 I was browsing one day and I saw a bitcoin add, it immediately rang a bell in my head I said to myself "this is the future " lol I dug in deeper only to find out that it was so expensive around 200k per bitcoin and I couldn't afford it but I kept checking it, reading about it I was in school so there was no way on earth I was going to risk money like 200k on bitcoin because what if it crashed? Long story short, I found ethereum and litecoin they were relatively cheaper. By the end of the semester of 2016 I bought 0.33 ethereum. I will never forget. It was like 1k or so. I left it till January of 2017 or 2018 when I came back to naija and casually checked my crypto account and voila! My 1k had risen to 33k! I taught it was a joke internet money, I converted it on my phone and drove to the bank gtbank atm and withdrew it. Right there in front of the bank the Holy ghost descended on me. I became a bitcoiner! Since then I have lost money(one time i sent $70 to the wrong address) , I have also gained millions(in 2021 my crypto holdings grew from $200+ to $18,000) I witnessed bitcoin drop from $15k to $3k. Ethereum dropped to 90$. That day I bought 1 full ethereum at the height of covid. I'm a cryptoMaster. You best believe it!

From my experience in watching crypto and what Tinubu did recently, he was able to crash the price of the naira from N1200 to N800. If you didn't learn something from that then you are dull. The LESSON THERE IS THAT TINUBU CONTROLS THE BLACK MARKET RATES. At any time he can cut that rate to match the official rate and you will see some speculators even bureau de change bosses crying that they lost money. They lost money because they are greedy, foolish and illiterate. If you don't have a degree in economics, finance, international economics and geo-politics or atleast have a deep understanding of these areas, don't speculate on anything because you will lose out. Be a good citizen and keep your money in the bank.

Birdbyrde440:
I started experimenting with cryptocurrencies as early as 2016 I was browsing one day and I saw a bitcoin add, it immediately rang a bell in my head I said to myself "this is the future " lol I dug in deeper only to find out that it was so expensive around 200k per bitcoin and I couldn't afford it but I kept checking it, reading about it I was in school so there was no way on earth I was going to risk money like 200k on bitcoin because what if it crashed? Long story short, I found ethereum and litecoin they were relatively cheaper. By the end of the semester of 2016 I bought 0.33 ethereum. I will never forget. It was like 1k or so. I left it till January of 2017 or 2018 when I came back to naija and casually checked my crypto account and voila! My 1k had risen to 33k! I taught it was a joke internet money, I converted it on my phone and drove to the bank gtbank atm and withdrew it. Right there in front of the bank the Holy ghost descended on me. I became a bitcoiner! Since then I have lost money(one time i sent $70 to the wrong address) , I have also gained millions(in 2021 my crypto holdings grew from $200+ to $18,000) I witnessed bitcoin drop from $15k to $3k. Ethereum dropped to 90$. That day I bought 1 full ethereum at the height of covid. I'm a cryptoMaster. You best believe it!

From my experience in watching crypto and what Tinubu did recently, he was able to crash the price of the naira from N1200 to N800. If you didn't learn something from that then you are dull. The LESSON THERE IS THAT TINUBU CONTROLS THE BLACK MARKET RATES. At any time he can cut that rate to match the official rate and you will see some speculators even bureau de change bosses crying that they lost money. They lost money because they are greedy, foolish and illiterate. If you don't have a degree in economics, finance, international economics and geo-politics or atleast have a deep understanding of these areas, don't speculate on anything because you will lose out. Be a good citizen and keep your money in the bank.[/b]