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Nairaland Forum / Nairaland / General / Investment / Crypto Currency Investors Thread (3711277 Views)
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Re: Crypto Currency Investors Thread by Neverlosemoney: 5:49pm On Feb 20 |
Bullish99:Do you know the current economic condition Nigeria is currently in? Our problems does not stem from tribalism rather lack of well informed citizens. It why we keep electing bad leaders even though we genuinely want to make the right choice but surprisingly, we end up making exactly the ones we are trying to avoid all the time. Mis-information and Mis-orientation. Nigeria is completely broke. By 2025, we will be borrowing money just to payback borrowed money. |
Re: Crypto Currency Investors Thread by nna777: 5:50pm On Feb 20 |
nna777: We’re likely going to drop. Opened my BTC shorts. Fingers crossed. 2 Likes |
Re: Crypto Currency Investors Thread by Erums(m): 8:36pm On Feb 20 |
twosquare: Hello @twosquare..pls i jeed an advise from you |
Re: Crypto Currency Investors Thread by Realmrsean: 9:16pm On Feb 20 |
So I heard they have told binance not to accept orders above 1802/$ Guess what, people have moved to kucoin, bitget, paxful, noones, bybit etc So if should also go after all of them Maggot brains ![]() 2 Likes
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Re: Crypto Currency Investors Thread by Tooreda: 9:16pm On Feb 20 |
GRACEGLORY: Boss, I still ask for guide on how to get day's range. Honestly, I no just understand that part of it. |
Re: Crypto Currency Investors Thread by damiloladuke: 9:21pm On Feb 20 |
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Re: Crypto Currency Investors Thread by Realmrsean: 9:25pm On Feb 20 |
So people saying binance should be regulated.. now that it has been regulated, has it stopped the free fall of useless naira? Maybe they should go over to bybit, bitget, paxful etc and also force them to regulate it Idiots and dunderheads 2 Likes |
Re: Crypto Currency Investors Thread by egbeocha(m): 9:33pm On Feb 20 |
Realmrsean: Don't mind those half hazard brain jargons |
Re: Crypto Currency Investors Thread by Realmrsean: 9:37pm On Feb 20 |
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Re: Crypto Currency Investors Thread by DeBruno1: 9:41pm On Feb 20 |
Realmrsean:If binance is blocked they should block all exchanges the main thing is that naira is good down,Crypto exchanges does not inflence its price. |
Re: Crypto Currency Investors Thread by Realmrsean: 9:46pm On Feb 20 |
DeBruno1:do you know it can be moved to decentralized exchanges.. like they do in OTC markets.. So you mean they should block all cex for their illiteracy and foolishness |
Re: Crypto Currency Investors Thread by DeBruno1: 9:53pm On Feb 20 |
Realmrsean:Lol no Just trying to say it useless blocking binance |
Re: Crypto Currency Investors Thread by Tsfari: 10:22pm On Feb 20 |
Realmrsean: The psychological effect of Binance has more impact because it is more popular and a lot of people quote their rates using binance rates… do you think that if the system is not limiting buys at 1802, dollar would have been at 1800 region now? It would have likely flown to 2000 with the rate the Merchants usually hike prices. I don’t know if it’s a rumor or the truth but I’m positing strongly that if the government reaches an agreement with binance or goes after them effectively… rates will be stablized just as we are seeing today. 2 Likes |
Re: Crypto Currency Investors Thread by Bullish99: 10:25pm On Feb 20 |
A lot of folks here lack sensible reasoning and I simply do not blame u all cos u actually know no better. How's it hard for u to fantom that the uptrends isn't based on importations or economic factors that drives a country economy normally but speculations and manipulation. Whichever way if u all like b making money in dollars. We would all feel the heat and make noise for solutions when it gets unbearable. 1 Like |
Re: Crypto Currency Investors Thread by Realmrsean: 10:33pm On Feb 20 |
Tsfari:stop sleeping on a bicycle 🚲, people are moving to kucoin, bitget etc to sell their dollar 💰 Go to kucoin p2p or bitget p2p and see for yourself 1 Like |
Re: Crypto Currency Investors Thread by santos123(m): 10:33pm On Feb 20 |
nna777:still in play? |
Re: Crypto Currency Investors Thread by Rubyjade: 10:34pm On Feb 20 |
Bull run is around the corner, Because $Bitcoin Halving is about to start. Take this moment and utilise this opportunity now to be part of the crypto, before you say had I known. Get some funds and invest in reasonable projects. Invest in $Bitcoin too. If you have the funds too. Look around you, this isn't the time to sit on the wall and fold your hands, and be complaining you don't have funds. Be a part of the future! 4 Likes |
Re: Crypto Currency Investors Thread by Rubyjade: 10:34pm On Feb 20 |
What Is a Mining Farm? One of the most popular ways through which many people get cryptocurrencies is through the process of mining them. More specifically, we'll use Bitcoin as an example, as miners earn 6.25 Bitcoins each time they complete a block at the current point in time (May 2021). Discussing a mining farm, this is typically a room or a warehouse that is dedicated to mining cryptocurrencies. Keep in mind that the farm can be a basement in a house with multiple ASIC machines, or even a large warehouse that features both GPUs alongside ASICs. Mining farms contain truly enormous power supplies, alongside huge fans to cool the equipment. They typically have more than a single person working on them. A mining farm is essentially a mining pool with miners that are housed within a single location and building. Bitcoin mining is a simple concept: it is the process of someone verifying a transaction so that it can be added to the public ledger we all know as the blockchain. Transactions are added in blocks, and all you need to verify a Bitcoin transaction is a computer with a connection to the internet and a software program that is linked to the blockchain. Keep in mind that computers consume a lot of energy, and air conditioning is typically required to prevent any overheating. This means that if you are in a geographical location known for its low temperature, you might just be in luck in this regard. Mining is expensive, and in addition to using large amounts of electricity, the mining computers need to be replaced frequently. As such, you will be required to have some capital upfront in order to start with your mining farm, and expand and maintain it through the currencies you end up generating. |
Re: Crypto Currency Investors Thread by Tsfari: 10:35pm On Feb 20 |
Bullish99: Like for real bro, this argument ensued sometime last year and the facts have not changed. BDCs operators currently use Binance to know current and prevalent rates … how is it difficult for some people to understand that any rate prevalent on a popular exchange platform will have effect in the real market place… we went ahead to show them screenshots of Merchants unnecessarily and arbitrarily manipulating prices : for instance u see a buy order at 1702 and the one following it will be 1745 and another at 1788… that’s unreal and does not reflect the true value of the naira. But a lot of them have failed to see these reasons and instead argue all the time … So let all man go with what they believe 1 Like 1 Share |
Re: Crypto Currency Investors Thread by Chikacha: 10:39pm On Feb 20 |
Okay, they have limit on Binance now, now watch out for the real drama. |
Re: Crypto Currency Investors Thread by Bullish99: 10:39pm On Feb 20 |
If na Military rule we dey run for this country. Who born anybody, exchanges or group of people wey go try manipulate the country currency. U all need strong hands/strong rule... 8 Likes |
Re: Crypto Currency Investors Thread by Tsfari: 10:46pm On Feb 20 |
Come to think of it, someone who had 100k dollars as at the time naira was floated around may/june at 800 Ngn had 80 million naira and if the person kept the money intact, today at the rate of 1800 Ngn he would have 180 million. That’s more than 100% increase and without breaking a sweat he had effectively outperformed most persons who made physical investments or opened businesses. Now tell me why such a person would not continue to make deliberate attempts to manipulate the currency? 8 Likes |
Re: Crypto Currency Investors Thread by LincolnOnyeabor: 11:13pm On Feb 20 |
LincolnOnyeabor: Said this earlier today.
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Re: Crypto Currency Investors Thread by FuckingNaira: 12:14am On Feb 21 |
LincolnOnyeabor:Join live |
Re: Crypto Currency Investors Thread by ElasmoBranchii(m): 12:27am On Feb 21 |
Chikacha: What I know about this country is that anything you expect to logical follow up doesn't actually follow up. Let's wait for the drama. 2 Likes |
Re: Crypto Currency Investors Thread by FuckingNaira: 12:58am On Feb 21 |
Happening 1 Like
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Re: Crypto Currency Investors Thread by iLegendd(m): 1:02am On Feb 21 |
I'm on the side of the Naira being stable even though I'm benefiting from the instability. Every measure should be taken even if it will hurt everyone at first. Sometimes, you don't know everything and do solutions come from trial and error. Even the airplane didn't just fly instantly. There were some death and some failures. Some measure that failed today may actually work tomorrow and vice versa. I don't want Naira to ever be above 2k per Dollar. I was so happy when it was at 1000/$ so that I'll start seeing ₦1k as $1 and cancel all the 3 zeros, but now, I'm not. 10 Likes
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Re: Crypto Currency Investors Thread by LincolnOnyeabor: 1:14am On Feb 21 |
Abeg me I carry my hustle for head. Kindly Patronise me for all your USDT, BNB, Litecoin for Deriv, Solana, BTC and ETH trades. Rates are awesome and transactions super swift. We appreciate Your TRUST firstly waaay more than the Cash and Your PATRONAGE Next. More Withdrawals to us all.
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Re: Crypto Currency Investors Thread by Fastt: 5:01am On Feb 21 |
ElasmoBranchii: Forex is regulated. Even in a regulated market, they can stop market in an emergency like this. Binance is NOT regulated. They should stop that spot trading. If you like cap 5000 for p2p, once a market order greater than certain amounts that goes to your bank, the bank will flag it. Ppl avoid that road. But the spot market, I can make a billion transactions and sent to just na email to someone else, manipulation etc. These orders are increasing exponential. It's either your economy or yahoo, make Una choose. . The spot market is still on. Let every one go through p2p where they have your BVN/Nin. Meanwhile almost the billions Tether treasury are printing are for Nigerians. And for your info USDT is not USD for those of you rushing to store your change in USDT. Once that USDT collapse like UST, that Una fake dollar will disappear. 7 Likes
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Re: Crypto Currency Investors Thread by Fastt: 5:20am On Feb 21 |
FuckingNaira: I asked them to contact me for my forensic data analytics I just did, them rush enter news. Ye ye ppl, that's what it takes when you don't choose the right ppl. Them carry broom enter market begin chase everybody, what you will get is confusion. I have mapped out my strategy/solution. Dem wan save money. I'm outta here. ![]() 1 Like |
Re: Crypto Currency Investors Thread by Holladoyheen: 5:38am On Feb 21 |
Fastt: If u'v got solution to the problem on ground and you know who to contact, why don't u do that instead of waiting to b contacted and charge them for the info u going to dish out. Help your country. Save lives. Looks like everyone be opportunist. Nawa 1 Like |
Re: Crypto Currency Investors Thread by SUPERPACK: 5:48am On Feb 21 |
While we pray that dollar keep rising pls do have pity on those earning in naira. Should this hardship and rise continue stealing kidnapping and maiming of the perceived rich will become order of the day. Just 2 days ago here in Enugu an ambulance transporting a corpse was kidnapped, both the corpse, driver, dead man's children in it are missing. Remember the million boys crisis in Lagos where people move in group to steal. We are now approaching economy shutdown, that your dollar or naira in your bank account is not safe as long as your neighbours are hungry. 6 Likes |
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