GloriousGbola:


Even worse is the guy no take am slow. Take 5k dols and keep turning that one over. The guy thought he had a chance to hammer and turn his 3.7m into 40m overnight.

For all intents and purposes he gambled his entire capital. What is not known is if it happened at once or if it was like 419 where they bleed you dry with promises

I doubt he did it at once, he will be investing it gradually. 5k today, 5k tomorrow, 20k next week

Nothing can turn you into nak33dness faster than gambling. I put FX and crypto trading under gambling. That is why I prefer real estate, In most cases you still have your initial capital which is the house, Unlike those other ones wey you go lose everything profit and initial ivestment

seankafor:
d tin Shaa dey depressing to say the least.. especially if you into same thing as those been mentioned..you go dey wonder if you dey hustle backwards or forwards..

For every hustle there will be a top tier wey go hammer and many wey go just dey there

Even for football, while dem Mbappe are hammering madly, Ibime shared one Naija guy wey dey make like $1000 per week for one backwater league.

raumdeuter:


I doubt he did it at once, he will be investing it gradually. 5k today, 5k tomorrow, 20k next week

Nothing can turn you into unclothedness faster than gambling. I put FX and crypto trading under gambling. That is why I prefer real estate, In most cases you still have your initial capital which is the house, Unlike those other ones wey you go lose everything profit and initial ivestment

Chasing losses especially. Which may have been the case here

Its a very intense psychological battle that most gamblers never win

obainojazz:
You gotta be extra stupid to invest all your money in forex.

pray make you no try am.....the losses comes in small parts till you would have lost soo much,and trying to recover it.....will lead to more losses.

raumdeuter:


For every hustle there will be a top tier wey go hammer and many wey go just dey there

Even for football, while dem Mbappe are hammering madly, Ibime shared one Naija guy wey dey make like $1000 per week for one backwater league.

https://www.youtube.com/watch?v=MqBR7RYFSas?si=m3SJalqpwQC6fDIt

popizaino:
Injustice to this profession. There is no way a footballer should be earning more than this set of people.
https://x.com/pmcafrica/status/1875652709761872014?t=KcXKpNZWvGONtWdw-Vahiw&s=19

These are the type of works we should be having gender equality

popizaino:
Injustice to this profession. There is no way a footballer should be earning more than this set of people.



https://x.com/pmcafrica/status/1875652709761872014?t=KcXKpNZWvGONtWdw-Vahiw&s=19

Why?

User09:
Chasing losses especially. Which may have been the case here
Its a very intense psychological battle that most gamblers never win

Yes. Its psychological. You lose, you quickly double your stake so you can recover and lose that too.

At the end of the day everything you do in life is a gamble.

raumdeuter:


These are the type of works we should be having gender equality

You better don't go there before they ask you if you can get pregnant.

GloriousGbola:



https://www.youtube.com/watch?v=MqBR7RYFSas?si=m3SJalqpwQC6fDIt

This is a good one.

Another thing that most people ignore is you tend to see the success stories everywhere as they are more likely to speak on it as opposed to the ones who failed - who are very less likely to speak; this then creates a biased statistic in the mind of those who see these stories everywhere

The law of averages for every new field is something I truly rely on. I fancy my chances as being the guy within the mean, Anything outside that, then it becomes a risky endeavor where i could just as well throw my money away.

User09:


This is a good one.

Another thing that most people ignore is you tend to see the success stories everywhere as they are more likely to speak on it as opposed to the ones who failed - who are very less likely to speak; this then creates a biased statistic in the mind of those who see these stories everywhere

The law of averages for every new field is something I truly rely on. I fancy my chances as being the guy within the mean, Anything outside that, then it becomes a risky endeavor where i could just as well throw my money away.

https://www.youtube.com/watch?v=P9WFpVsRtQg?si=DHITIJJ9ZyxGyGJg

Bombblacks:

Why?

Isn't the risk that comes with it so obvious?

afrodoc2:


So, Mark Angel has $3.7m to lose?

He should have more than that.

My boss running Google Adsense arbitrage is pulling 300k dollars monthly. Although he do spend 100k on ad running.

Coming to YouTube, one girl way I lend money one year ago has made over 20k dollars YouTube creating African story tales. Even me come subscribe to her ministry, make I learn too

I seriously doubt this story about Mark angel losing $3.7m to crypto/forex . That’s somewhere around N5.9 billion using N1,600/1$.

If he has that much amount of money and loses it to crypto , I don’t think he will be the one telling the story . Whether the money is 100% his savings or it includes other investors’ money , I believe he would’ve developed stroke or died due to the shock .

The story sounds more like lamba . I mean even if corporate organization lose that amount of money in potential profit , they will feel it .

BlueRayDick:
I seriously doubt this story about Mark angel losing $3.7m to crypto/forex . That’s somewhere around N5.9 billion using N1,600/1$.

If he has that much amount of money and loses it to crypto , I don’t think he will be the one telling the story . Whether the money is 100% his savings or it includes other investors’ money , I believe he would’ve developed stroke or died due to the shock .

The story sounds more like lamba . I mean even if corporate organization lose that amount of money in potential profit , they will feel it .

their is some exaggeration......but it seems he lost some significant money.

GloriousGbola:




https://www.youtube.com/watch?v=P9WFpVsRtQg?si=DHITIJJ9ZyxGyGJg

Ah yes. Most finance people know about survivorship bias. Its the first thing you look out for when evaluating an index

Behavioral finance is a topic I recommend most people read up on. You'll be surprised how much of these biases exist in our daily lives even when we don't know we are exhibiting.

A number of these emotional biases guide our decision making (chasing losses, mental accounting, regret aversion) when it should be rational. Gambling is one big giant cake of it, you just get sucked into it without knowing

chidekings:
their is some exaggeration......but it seems he lost some significant money.

It’s definitely an exaggeration taken too far because I don’t know how he will convince me that somehow he laid his hands on an amount close to N6 billion and somehow he used everything to nap forex/crypto .

Like not 100million, not 500 million, not 900 million, not even N1 billion but N6 billion . Lai lai!

He’s not even worth that amount in real assets and liquid cash to start with sef .

User09:


2 likely theories.

He mentioned investors funds - so maybe not totally his.

The second one and more likely, he's exaggerating the losses so pocket watchers can take their eyes off him, seeing as he's been attracting too much attention in that area lately

I don't think the 2nd case is likely because the wolves will start watching him more closely when they hear that 3.7m number

Sportsweb:
He should have more than that.

My boss running Google Adsense arbitrage is pulling 300k dollars monthly. Although he do spend 100k on ad running.

Coming to YouTube, one girl way I lend money one year ago has made over 20k dollars YouTube creating African story tales. Even me come subscribe to her ministry, make I learn too

Give me her channel please

Ibime:


TBH I no dey talk ticket revenue because even today Elton John and Take That can out-ticket Ed Sheeran and they haven't released music in decades Led dance floor hire in cork

I'm talking of which UK artistes are getting spins on the major radio stations and Burna is one of the top for the last 4 years.

If na ticket sales, forget, even Madonna and Elton John dey outshine people wey get hits right now

I'm talking of which UK artistes are getting spins on the major radio stations and Burna is one of the top for the last 4 years.

Bombblacks:
At the end of the day everything you do in life is a gamble.

Not everything.

Amigoss:
Burna,An A-list Global star ke ,.......Pesin wey people no sabi for some parts of the world

Na Wetin him be if not an A-list

Abi na shallipopi be a list?

raumdeuter:


diggz and nihili na Baba dem be

Lol

raumdeuter:


I doubt he did it at once, he will be investing it gradually. 5k today, 5k tomorrow, 20k next week

Nothing can turn you into nak33dness faster than gambling. I put FX and crypto trading under gambling. That is why I prefer real estate, In most cases you still have your initial capital which is the house, Unlike those other ones wey you go lose everything profit and initial ivestment

Egbon I hear say everywhere soft for Una since DT become incoming Presido. I hear say na you be the chairman of those wey dey cash out for US market, ngbo?

Melvyn11:

She rejected?

Yes. Na wetin shock me

Ibime:


Give me her channel please

lol, boss you wan mentor her?

diggz:


Egbon I hear say everywhere soft for Una since DT become incoming Presido. I hear say na you be the chairman of those wey dey cash out for US market, ngbo?

We still dey wait oh for him to make America Great Again

raumdeuter:


We still dey wait oh for him to make America Great Again

But Una don Dey chop the dividends and him never enter sef. Omo….abeg dash me one of the tyres for that your new toy first…e get why lol

Amigoss:
How is burna new song bundle by bundle doing in the charts,dem dey play in all UK radio stations? You dey hear am for streets in naija .....Agba sampler!!!!!!

Tell your fav to sample songs if he’ll be as Half as popular as Burna

You’re letting your dislike for his personality to distort your reasoning man

Ibime:


Give me her channel please

accept request

GloriousGbola:


Even worse is the guy no take am slow. Take 5k dols and keep turning that one over. The guy thought he had a chance to hammer and turn his 3.7m into 40m overnight.

For all intents and purposes he gambled his entire capital. What is not known is if it happened at once or if it was like 419 where they bleed you dry with promises

Or he could be lying.