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Nairaland Forum / Nairaland / General / Investment / Crypto Currency Investors Thread (3663698 Views)
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Re: Crypto Currency Investors Thread by tweakstar: 12:37pm On May 07 |
iLegendd: Can't wait sir. Been yearning for more knowledge. Thanks for all you do. 2 Likes |
Re: Crypto Currency Investors Thread by iLegendd(m): 12:48pm On May 07 |
How to Do P2P on Crypto Exchange with USD Part 1 For Naira, this is how you do it. You'll choose $ as your currency of transaction. USDT — USD. If the person lists $1.700 as exchange rate, it means he is selling $1= ₦1700. (Remove the dot in the Dollar rate and you get the Naira rate). If it's $1.380, it means you'll pay ₦1380 per Dollar. So, if you see a trade listed at $1.380 and you want to buy USDT worth ₦100k, your calculations will be 100,000/1,380 = $72.46. So, you'll input 72.46 as the USDT value, but you'll send the person 100k and he'll release your $72.46 USDT. Chat him up if you're confused. If you want to setup this kind of trade, in your instruction, let buyers know you're ONLY selling to "Naija people" and add your medium of calculation just as I did above. Typing... Part 2: Unfortunately, when I tried to setup a USD trade (as you know, USD is a universal currency and anyone can trade or hold it despite your region), I realized they have a range of $0.900 — $1.100. See image below. In our calculation of $1.380, we can't use it, so we changed it to $1.038. So, $1.038 is still considered $1.380 which we'll see as 1380/$. (Remove the . and the 0 after the . in the Dollar rate and you get the Naira rate). This is just to help us circumvent the $1.100 limit max exchange rate Binance has placed on Dollar. Other exchanges might not have this limit. For this, we have to redo the calculation we did in part 1. If you see a trade of $1.038, it means the person is selling $1 for ₦1380. So, if you're buying ₦100,000 worth of USDT, your calculation will be 100k/1380 = $72.46. In summary, the outcome is still the same, just that we've bypassed the limit of $1.1. Wait for part 3 and maybe, part 4 with a practical video for those I'll add in the group (that is, if I don't lose interest in continuing with this exposé). Typing... 27 Likes 11 Shares
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Re: Crypto Currency Investors Thread by Prophetkelly(m): 1:03pm On May 07 |
I have been trading with Omobola12, the lady doing p2p stuff here with this method on Binance. Please Boss what is your reason for posting this? I know you want to remain god here but somethings should be left alone. Let me also remind you that Bianance is very strict with Nigerians now and if they discovered you are using other currency to trade on p2p, they will restrict your acct. My acct is restricted. iLegendd: 5 Likes
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Re: Crypto Currency Investors Thread by iLegendd(m): 1:17pm On May 07 |
Prophetkelly:What are you trying to say? I should delete the info? I want to remain god? Wow! Abuse and secrecy in one post. Modified: You're definitely using P2P for profit and you're doing round trip. I only use P2P when I need money for food and upkeep, not for profit. 21 Likes 1 Share |
Re: Crypto Currency Investors Thread by Elliotwaveforec: 1:27pm On May 07 |
iLegendd:You're the one trading legitimately but 90 percent of them are P2P mercjants; they don't trade. These are the people we are fighting against. 2 Likes |
Re: Crypto Currency Investors Thread by Prophetkelly(m): 1:28pm On May 07 |
No. I don't trade but earn usdt as payment for my freelance payment sir. I don't know this my constant buyer Omobola wasn't active few days ago then i sold to another one. After the payment, thats how Binance sent me message that my account is restricted and i can't chat suport. iLegendd: |
Re: Crypto Currency Investors Thread by iLegendd(m): 1:39pm On May 07 |
Prophetkelly:Since you people don't want me to reveal, I'll keep quiet whenever I discover something. BîngX just sent me a message now that they've deactivated P2P. Other exchanges will follow suit in few days or months and those of us that are manageably trustworthy will become middle men for P2P transactions and we'll charge 5-10% fee. I have nothing to lose. I'm good at finding solutions for myself easily. The govt. wants everyone to be poor so that they can be easily controlled. You can't control rich men. Unfortunately, they are still the ones doing the Naira manipulation. They just don't want others to benefit. I'm upset, but now, I pray for the worst. I don't give a f*ck anymore. Let them ban all P2P. ![]() 15 Likes
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Re: Crypto Currency Investors Thread by iLegendd(m): 1:50pm On May 07 |
What we should all know is that, this phase will come and go and we'll all move on in 2-5 years like it never happened. I remember when we used to use our normal Naira cards to buy or via normal bank transfer and we receive our money into our bank accounts directly from Binance. They banned it and we survived with P2P. After they've banned P2P, we'll discover another one called P3P. We'll keep evolving for life! We can never be stagnant because of the govt. Nigerians are too smart. If not for the fraudulent side of some people, this country would've been the best. 34 Likes |
Re: Crypto Currency Investors Thread by Prophetkelly(m): 1:57pm On May 07 |
I can't explain the frustration i have been this past few days. I had to switch to geegpay so my Boss can pay me for last week. Well we will move on like you have said. iLegendd: |
Re: Crypto Currency Investors Thread by iLegendd(m): 2:05pm On May 07 |
P2P of 3 exchanges permanently down. More than 20 are still active. The good thing is, some exchanges are stubborn. They don't even listen to the American government let alone the Nigerian government. Currently, it's 1400-1430/$. If they close Bybit, it will hit 1500/$. If they continue, they'll create scarcity and it will be 1900-2k/$. But wait o! E be like say the underdogs in govt. are actually manipulating the market. They brought it down to 1180 and converted all their Naira to Dollar. Now they want to use scarcity to push it to 2k so that they'll sell and and make 100x profit, then they start defending the Naira with our reserve to push it back down to 1k/$ and the manipulation continues. These people see innocent Nigerians as the corrupt ones, not them. 18 Likes 2 Shares
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Re: Crypto Currency Investors Thread by Assetosky(m): 2:07pm On May 07 |
iLegendd: Please don't forget me in this kingdom. 2 Likes |
Re: Crypto Currency Investors Thread by iLegendd(m): 2:47pm On May 07 |
With what Nigeria is doing to those/that detained Binance executive(s), the company is not happy with us, the innocent Nigerians, so any small complaint on an account held by a Nigerian = instant restriction or ban. Transferred aggression. They don't even want to hear your plea. Hamas killed the Israelites, but every Palestinian is facing the brunt. So, please, use other big exchanges more. I still use Binance, but it's now my 15th choice. 5 Likes
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Re: Crypto Currency Investors Thread by Robnectar(m): 3:01pm On May 07 |
I buy usdt, Incase anyone wants to sell |
Re: Crypto Currency Investors Thread by twosquare(m): 3:27pm On May 07 |
In about 5 to 6 years, shit will hit the fans worldwide...including governments. I will quote this later, God sparing our lives till then. I only laugh at corrupt politicians keeping their wealth abroad, et cetera, looting everything, still making lives difficult for us in the little ways we have discovered.... And still importing refined product (PMS)... Imagine being sent into the 18th century for a time. Tick tock... |
Re: Crypto Currency Investors Thread by lrman(m): 4:01pm On May 07 |
iLegendd: Another evidence that the government is wasting their time..people will always find a solution to every problem... 2 Likes |
Re: Crypto Currency Investors Thread by lymelyte(m): 4:03pm On May 07 |
iLegendd:patiently waiting for your innovation..God bless 1 Like |
Re: Crypto Currency Investors Thread by DCroc: 4:36pm On May 07 |
iLegendd: Lemme.know in any area you want me.to come in and contribute my quota 2 Likes |
Re: Crypto Currency Investors Thread by iLegendd(m): 4:51pm On May 07 |
If the remaining 20+ exchanges that offer P2P to Nigerians stop, which I know won't happen, we'll be forced to create a Telegram, WhatsApp, Google or Tiktok group and only vetted people with good or manageably good reputation and longevity on this thread will be allowed to join. Integrity and respect is important. For now, let's enjoy the remaining 20+ exchanges that are working. Nothing to worry about. Telegram has a wallet that does P2P, so we might use it too. To those who sent me DM via Nairaland, I can't reply through there. Yes, it still works, but it's been years I used that medium of communication. I just prefer handling things openly or via WhatsApp (if it's extremely urgent/important). NOTE: One day, the government might tell Seûn to close this thread down or he gets invited for giving a platform to something they prohibit. It's just like Séun allowing gay or lesbians to have an open group with millions of views and hundreds of participants. They'll tag him an enabler. With this, we want to be at alert. The bad people in govt. want to be the only people to benefit from their Naira manipulation just as they've been doing. 16 Likes 3 Shares |
Re: Crypto Currency Investors Thread by iLegendd(m): 4:51pm On May 07 |
DCroc:👍 |
Re: Crypto Currency Investors Thread by Robert129(m): 4:53pm On May 07 |
iLegendd: |
Re: Crypto Currency Investors Thread by Robert129(m): 4:54pm On May 07 |
iLegendd:AI with crypto a second close though both are yet to see full scale adoption. 3 Likes |
Re: Crypto Currency Investors Thread by Ojimmu95: 5:11pm On May 07 |
iLegendd:God will keep enlarging you in every area, he will keep increasing your wisdom bank, for your selfless and valuable advice, it is because of you I got into crypto, though I'm yet to start earning, but God bless you richly for your contribution The Nigerian government has already failed by default, if one door closes another one will definitely open. God bless you sir. 4 Likes |
Re: Crypto Currency Investors Thread by badruf(m): 5:34pm On May 07 |
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Re: Crypto Currency Investors Thread by Erikiel(m): 6:11pm On May 07 |
iLegendd:I've been waiting for you to say this a long time ago. |
Re: Crypto Currency Investors Thread by nna777: 7:24pm On May 07 |
coldzobo: This week. Looks like we’ll break below this week |
Re: Crypto Currency Investors Thread by chikasnight: 7:59pm On May 07 |
Good evening brothers Someone in a group I was in talked about binance asking him for some documents to verify his account or it will be suspended. Abeg who else don experience such. Is it something to worry about. I’ve not opened my binance in a long time. What I do is just put in money and leave it there |
Re: Crypto Currency Investors Thread by coldzobo: 8:01pm On May 07 |
nna777:Okay. Yeah beeteec looks weak 1 Like |
Re: Crypto Currency Investors Thread by Azaland: 8:26pm On May 07 |
iLegendd: For P2P problems, I have a smart solution and we have to be fast and smart about it. Sir, if only I could chat you privately about this. It's a solution no one can shut down. Is there a way we can talk privately sir? Or if i can have an email, I can share there sir. It won't fail. I'd rather not share here publicly. Yes I know many want to know progress about our project. We have made loads of progress. Assets vested for 10 years to control supply. 2 Shares
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Re: Crypto Currency Investors Thread by studentofTruth: 8:29pm On May 07 |
iLegendd: Now, you understand the game. We have shouting about it on Twitter. The emperor and his cronies are so greedy that they can't see this game and let it pass over them without colonizing it....not in his character. He will milk this country so tee you will begin to wonder if he will live to 1000years. 4 Likes |
Re: Crypto Currency Investors Thread by tweakstar: 11:06pm On May 07 |
chikasnight: Hmm, using exchange as a safe wallet for long term storage can be risky, only for trading is what experts advise. Trust Wallet I learnt can serve such purpose better, though Binance is known to be a trusted household name. Be safe. 1 Like |
Re: Crypto Currency Investors Thread by Samdebest: 11:31pm On May 07 |
iLegendd: Chatgpt Summary: This YouTube video transcript delves into the recent cryptocurrency market movement, particularly focusing on a significant candle pattern known as a "gravestone doji," which indicates potential weakness and a trend reversal. The speaker highlights the importance of this candle in the context of Bitcoin's recent price action and the broader cryptocurrency market. The transcript outlines how the cryptocurrency market had been rallying, with Bitcoin reaching highs above $73,000 and altcoins experiencing strong upward momentum. However, the speaker warns viewers about the emergence of the gravestone doji candle, which suggests that the market may be vulnerable to a correction or downtrend. The speaker emphasizes the significance of this candle, especially considering the prolonged resistance at key levels over the past months. They caution against overly bullish sentiment and urge viewers to have a strategic plan in place, emphasizing the importance of staying levelheaded and avoiding impulsive trading decisions. While acknowledging the possibility of short-term rallies, the speaker suggests that the gravestone doji candle indicates potential weakness in the market that could lead to a prolonged downtrend. They stress the importance of following a well-thought-out plan and remaining vigilant in a volatile market environment. Overall, the transcript suggests a cautious outlook for the cryptocurrency market, with the speaker advising viewers to trade less and prioritize risk management strategies amidst the uncertainty signaled by the gravestone doji candle. 6 Likes 1 Share |
Re: Crypto Currency Investors Thread by seanwilliam(m): 4:43am On May 08 |
If you get sense, start to Dey screenshot some posts from this thread .. e get some info u go get here wey u no go ever and ever see am anywhere else. . The bolded na cos of recent clamp down on CEXs regarding p2p . make e no be say na here go be the next target. I am where I am today as a result of stuff I read on nairaland back then on beer parlour thread, This thread and beer parlour thread will go down as the greatest thread ever on nairalander… See me talking like say I don get the money ![]() 7 Likes |
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