Holladoyheen:


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

Why would I sell my product for free when I can be paid for it especially if I have invested a lot for it. Aboki give you suya test, you say it's not enough,that he should give you all cos you are hungry? That's not how economy works. You pay for product and service and choose ppl base on qualification and not by sentiments.

My solution is about 280pages. I travelled 5 continents to get my final data and you say what again? Abeg if you Sabi dem, let them DM me on my nostr channel.

I will soon be talking about all these online bank, opay and co. A simple SQL request by the government to simple weed out Nigerian counterparts Manipulators

BVN, Nin, crypto exchanges, passport, thumb prints, online banks opening left and right, onshore bank etc. The government has every right to these data, get them, make a query on them , regulate the economy. Not so simple,that's where you need data analytics. Read the data, you get your solution. The world is changing, and too fast, you need to appoint technical ppl in these delicate positions.

Chikacha:


When there is a problem, the easiest pointer may not necessarily be the cause of that problem.

Are you saying Naira is the only currency traded on Binance? The same Binance that is saving other countries from their government, the same crypto that wheels power to ordinary man, e reach our own, e don turn to our major problem.

Forget about all these long stories Binan.ce is the reason for the rapid fall in the value of our currency, I have taken time to analyse the data

narite:

You do not deeply understand how it works.

You guys keep blaming artificial manipulation, the CBN rates is now at 1500 all the way from 900. Is Binance responsible for the CBN rate too?

The reason why that is so is because everytime the rate in the black market moves up the CBN is forced to also adjust official rates upwards.

If the CBN does not do this the gap between official and black market rates will widen and that will create an irresistable arbitrage opportunity for round-tripping

Queseda:

I also said same thing on another thread but people said binance have no effect

https://www.nairaland.com/7989789/edun-cardoso-olukoyede-fresh-bid/4#128271774

A lot of the people who are trying to denying the negative effect of Binan.ce on the exchange rate are doing so because they earn some income in US$, but unfortunately they do not realise that a severe economic turmoil in Nigeria will have a negative effect on everyone either directly or indirectly!

Tsfari:




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.

Bravo!

You practically just took the words right out of my mouth.

While you blame Binance it is also worth noting that CBN and Tinubu started this naira free fall the very day they decided to float the dollar rate. You can't float what you don't have in abundance or else scarcity will push it to unbelievable levels.

Remember that binance is an exchange and they trade with bots, even CZ have been fined by SEC for manipulation, wash trading and volume manipulations. Now if for a day the volume for a pair is about one million usdt the actual volume minus bots is about $300,000. You heard me right.

This is where an ETF comes in, where the real currency is not traded but rather a mirror of it. This ETF will be left for traders to do as they wish while the real dollars is left for those that really need them.

ElectronicMoney:


The reason why that is so is because everytime the rate in the black market moves up the CBN is forced to also adjust official rates upwards.

If the CBN does not do this the gap between official and black market rates will widen and that will create an irresistable arbitrage opportunity for round-tripping

Pardon my question. What was your discipline while in school?

ElectronicMoney:


A lot of the people who are trying to denying the negative effect of Binan.ce on the exchange rate are doing so because they earn some income in US$, but unfortunately they do not realise that a severe economic turmoil in Nigeria will have a negative effect on everyone either directly or indirectly!

Walahi nobody truly love this country. Everyone just love their own favorites politician and political party

Usdt 1875
Even without trading I am in almost 300k profit because I have been unpatriotic since December 2023 ,changed all my naira savings to usdt.
2k usdt here We come

I also bought usdt at rate of 350 in the year 2016 or so

That one has even trippled in profit

Which way my country

Thanks to Buhari government that decided to ban crypto thereby making it illegal for Nigerians to buy digital assets directly with their master card from MDB and p2p became the saviour hence this speculative trades.

Fastt:


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.

Back 🔙 online

Chully01:
Usdt 1875
Even without trading I am in almost 300k profit because I have been unpatriotic since December 2023 ,changed all my naira savings to usdt.
2k usdt here We come

I also bought usdt at rate of 350 in the year 2016 or so

That one has even trippled in profit

Which way my country

It is not profit until you use it to buy goods in the market. Inflation will take away 600k plus from that your capital from December to now. As companies continue to shutdown you will have nothing to buy again with your money, Lebanon, Somalia, Venezuela, Zimbabwe, etc are examples.

Prepare for hyperinflation

santos123:
still in play?

Yeah. Hopefully till 48k

gentlesilver:


Please give hints on how to enter

On your phantom in app browser or your mobile browser

Just visit jup . ag then enter perpetual > earn

All you need to do is just deposit JLP (buy and hold)
That's all ser

Only those that have used there money to buy goods and metals physically will enjoy this hyperinflation now. That your USD, USDT, Bitcoin or whatever gains are being corroded by triple digit inflation. See fuel price, rice, drugs, import duty all are rising with dollars too

SUPERPACK:
It is not profit until you use it to buy goods in the market. Inflation will take away 600k plus from that your capital from December to now. As companies continue to shutdown you will have nothing to buy again with your money, Lebanon, Somalia, Venezuela, Zimbabwe, etc are examples.

Prepare for hyperinflation

Wahala

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owunabastard:
please be specific, which one is hunter dream, is that a name of a coin? which coin is that?

It has done so well from ur call but eth fee is just crazy man. imagine being charged $11 for gas fee now wey dollar don jam 2k. any bnb or sol update boss?

The Truth remains, Whatever profits one is making in this Space, Hyper Inflation is taking every one of them!

Fuel is being sold for 1,200 in Abakaliki, and Benue and #1,000 in some parts of Enugu and other prices. Rice is about #75-80k per bag. Bread, Sugar, even Water self.

Some Monopolistic Capitalist are taking massive advantage of this stuff.

Take Kucoin for Instance, As at yesterday, $$ had been quoted for as high as 1950 there yesterday!

Isn't that incredulous??

Well let's see what gives sha.

Abeg ooo, I buy and sell Solana, BNB, Litecoin (For my Deriv) traders, BTC, ETH and USDT.

Still growing but I won't take Your TRUST LIGHTLY and your PATRONAGE Lightly at all.

You can quote me here or chat me up on 070 14.96 4921

Thanks everyone.

I nor trade I dey in naira profit to the tune of 100k in two days

Analyser, please keep your analysis to yourself.

You did not see the old man you guys chose as president, who can not wheel the country to the right direction.

You saw how CBN prints money at anyhow to enrich the elite.

It's this little one the oppressed are using to survive that you have the time to analyze.
Please keep your analysis.

ElectronicMoney:


Forget about all these long stories Binan.ce is the reason for the rapid fall in the value of our currency, I have taken time to analyse the data

Chully01:
Usdt 1875
Even without trading I am in almost 300k profit because I have been unpatriotic since December 2023 ,changed all my naira savings to usdt.
2k usdt here We come

I also bought usdt at rate of 350 in the year 2016 or so

That one has even trippled in profit

Which way my country

This is profit bolded.

The December one isn't profit cos it would be wiped out soon by inflation. The money probably cannot buy what you could buy with it in December.

Erums:


Hello @twosquare..pls i jeed an advise from you

What can I assist you with?

The banks ceo are the one behind this binance naira doomsday. How can banks be in profit and your local currency is down
There's more to NGN/usdt binance price pump.

A quick transaction history with binance or binace and other crypto firm are shut down permanently.

armadeo:



This is profit bolded.

The December one isn't profit cos it would be wiped out soon by inflation. The money probably cannot buy what you could buy with it in December.

That's what we are saying... Inflation eating your profit.

You're back to zero.

What next gem are we buying today?
#100x

SUPERPACK:
It is not profit until you use it to buy goods in the market. Inflation will take away 600k plus from that your capital from December to now. As companies continue to shutdown you will have nothing to buy again with your money, Lebanon, Somalia, Venezuela, Zimbabwe, etc are examples.

Prepare for hyperinflation

Now imagine she did not change it to usdt.

She might not be in profit (technically) but that's one of the ways she stands a chance against inflation

We can all agree the country is bleeped.

if you can risk it short btc now.

It's easy to blame Bi/nance.

Like I said some months back, if he only people knew what Buhari did, he should be in the horrible section of prison yard.

Not just the printing of money anyhow, but huge borrowing, that we now service debts and yet to touch the real debt.... And we are borrowing to pay salaries.

Then unnecessary closure of border, which drove up price of goods, leaving northern borders open.

They stole the coffers dry.

Dollars can't hit our naira account and autoconversion takes place. It can before. Now, you have to get dorm account.

Nigeria was cornered. All the three presidential candidates agreed to remove subsidies and float the currency, except Kwankwanso.

Based on the debt, we will also keep borrowing to pay for these subsidies until we ruin ourselve completely.

With all these, the government too is complicit. They are not ready to take the hard steps. They know those ruining our Forex, but they still think it's business as usual by taking everything with levity.

I pity Nigeria, coz if World War 3 meets you at this state without fixing things like ASAP, this suffering is still doing pressups. And they themselves will not have anywhere to run to.

twosquare:
It's easy to blame Bi/nance.

Like I said some months back, if he only people knew what Buhari did, he should be in the horrible section of prison yard.

Not just the printing of money anyhow, but huge borrowing, that we now service debts and yet to touch the real debt.... And we are borrowing to pay salaries.

Then unnecessary closure of border, which drove up price of goods, leaving northern borders open.

They stole the coffers dry.

Dollars can't hit our naira account and autoconversion takes place. It can before. Now, you have to get dorm account.

Nigeria was cornered. All the three presidential candidates agreed to remove subsidies and float the currency, except Kwankwanso.

Based on the debt, we will also keep borrowing to pay for these subsidies until we ruin ourselve completely.

With all these, the government too is complicit. They are not ready to take the hard steps. They know those ruining our Forex, but they still think it's business as usual by taking everything with levity.

I pity Nigeria, coz if World War 3 meets you at this state without fixing things like ASAP, this suffering is still doing pressups. And they themselves will not have anywhere to run to.

buhari was a curse. No one came close