| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Ymodulus: 3:43pm On Jan 10, 2017 |
The Bitcoin Business
I tried to give a detail tutorial on this sometime late last year, but the thread was deleted. Take a peek at rule 16 of Nairaland. So here i wont be going into details not because i do not want too, but because I do not want this thread closed or deleted.
Many of us know what bitcoins is, if you don't then google it up. October last year i dived into the bitcoin business. I imported my bitcoins largely from China and Trade them in Nigeria on bitcoins trading platform. Some days i sold little if i so wish.
IDEA:
Get the bitcoins at cheap rate from china and trade them on Trading Platforms at expensive rate or sell them to business clients.
Funding:
The Bitcoins business is a very capital intensive business, i started with a huge sum of money... self sponsored and continued.
Profitability:
I got little money in month of October till on 2nd of November when i dived into trading locally... Thanks to my friend AleairHub, he advised me to start trading locally and leave the international trading platforms of bitcoins. I took his advice and i must tell you i smiled to the bank. Thanks to IzikJon, MarcJoe they pressured me into the bitcoins business.
Something happened in November, something so personal and it really affected me, i was down for 3-5days... On the 9th of November to be precise i turned the sadness of the even happening to joy. I withdrew all the money in my account and threw into buying forex from abokis sending them to china just to purchase Bitcoins. I continued this was till the end of November. 31st november at around 4 P.M i confirmed from my statement of account that i have made a transaction of 409 million Naira - N434 million naira worth of bitcoins transaction.
In this month alone i banked 19.4million Naira + in Profits.
In month of December alone i banked 12million Naira in profits. I would have done better than november but the MMM News affected the bitcoins business in nigeria.
Difficulties and how i solved them
- Daily transfer limit: This wasn't really much of a problem to me, as i use one of the best business friendly bank in Nigeria, that allows even 50million naira to be sent from a Savings Account Via Mobile Banking. My Bank allows me to increase or reduce my transfer limit at will and on the fly. So this enabled me to be able to transfer millions to my Abokis.
-Account Locked: At a point in time my account was locked, i had to walk into one of diamond branches to explain the nature of my transactions on a Savings Accounts that warrants me to make such Huge transfer. My account was unlocked that day. I so love my Bank.
-Search for Forex: This wasnt really much of a problem i have several connects to settle this.
- Electricity: At a point in time powering up my phone, laptop was becoming a problem... i had to go pay for a month's rent at an hotel and focused fully. The month of November was a crazy one. As paying N20,000 a day *30days is no fun.
Remarks: The bitcoins business changed my life in a period of short time, the profit raked in were massive. I was caged in a room for days.
Disclaimer*
- To those who do not believe figures quoted on the bitcoins biz, can contact me.. i have proofs, statement of accounts and you can visit my office in Abuja if you so desire. 91 Likes 14 Shares |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by ichommy(m): 3:49pm On Jan 10, 2017 |
hahn:
If them ask you whether I dey follow someone like Mod Baba, you go talk say no?   |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Nobody: 3:55pm On Jan 10, 2017 |
11 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by azpunpin: 4:00pm On Jan 10, 2017 |
@Ymodulus
How do I contact you ? |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Nobody: 4:07pm On Jan 10, 2017 |
Can somebody please help me with rope? I want to hang myself!
Kai! Nna mehn negodu ego! 27 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Nobody: 4:12pm On Jan 10, 2017 |
Royal155:
Can somebody please help me with rope? I want to hang myself!
Kai! Nna mehn negodu ego! :::::hahahaha!..life.is.sweet.o!! 2 Likes 1 Share |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Dieumerci(m): 4:13pm On Jan 10, 2017 |
Ymodulus, you are always ahead. 1 Like |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by HIGHESTPOPORI(m): 4:15pm On Jan 10, 2017 |
|
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by HIGHESTPOPORI(m): 4:17pm On Jan 10, 2017 |
Ymodulus:
The Bitcoin Business
I tried to give a detail tutorial on this sometime late last year, but the thread was deleted. Take a peek at rule 16 of Nairaland. So here i wont be going into details not because i do not want too, but because I do not want this thread closed or deleted.
Many of us know what bitcoins is, if you don't then google it up. October last year i dived into the bitcoin business. I imported my bitcoins largely from China and Trade them in Nigeria on bitcoins trading platform. Some days i sold little if i so wish.
IDEA:
Get the bitcoins at cheap rate from china and trade them on Trading Platforms at expensive rate or sell them to business clients.
Funding:
The Bitcoins business is a very capital intensive business, i started with a huge sum of money... self sponsored and continued.
Profitability:
I got little money in month of October till on 2nd of November when i dived into trading locally... Thanks to my friend AleairHub, he advised me to start trading locally and leave the international trading platforms of bitcoins. I took his advice and i must tell you i smiled to the bank.
Something happened in November, something so personal and it really affected me, i was down for 3-5days... On the 9th of November to be precise i turned the sadness of the even happening to joy. I withdrew all the money in my account and threw into buying forex from abokis sending them to china just to purchase Bitcoins. I continued this was till the end of November. 31st november at around 4 P.M i confirmed from my statement of account that i have made a transaction of 409 million Naira - N434 million naira worth of bitcoins transaction.
In this month alone i banked 19.4million Naira + in Profits.
In month of December alone i banked 12million Naira in profits. I would have done better than november but the MMM News affected the bitcoins business in nigeria.
Difficulties and how i solved them
- Daily transfer limit: This wasn't really much of a problem to me, as i use one of the best business friendly bank in Nigeria, that allows even 50million naira to be sent from a Savings Account Via Mobile Banking. My Bank allows me to increase or reduce my transfer limit at will and on the fly. So this enabled me to be able to transfer millions to my Abokis.
-Account Locked: At a point in time my account was locked, i had to walk into one of diamond branches to explain the nature of my transactions on a Savings Accounts that warrants me to make such Huge transfer. My account was unlocked that day. I so love my Bank.
-Search for Forex: This wasnt really much of a problem i have several connects to settle this.
- Electricity: At a point in time powering up my phone, laptop was becoming a problem... i had to go pay for a month's rent at an hotel and focused fully. The month of November was a crazy one. As paying N20,000 a day *30days is no fun.
Remarks: The bitcoins business changed my life in a period of short time, the profit raked in were massive. I was caged in a room for days.
Disclaimer*
- To those who do not believe figures quoted on the bitcoins biz, can contact me.. i have proofs, statement of accounts and you can visit my office in Abuja if you so desire. You are really a Boss,taking risks to make d money.At dis rate you would soon become a Billionaire. 19 Likes 2 Shares |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Krak(m): 4:23pm On Jan 10, 2017 |
Ymodulus:
The Bitcoin Business
I tried to give a detail tutorial on this sometime late last year, but the thread was deleted. Take a peek at rule 16 of Nairaland. So here i wont be going into details not because i do not want too, but because I do not want this thread closed or deleted.
Many of us know what bitcoins is, if you don't then google it up. October last year i dived into the bitcoin business. I imported my bitcoins largely from China and Trade them in Nigeria on bitcoins trading platform. Some days i sold little if i so wish.
IDEA:
Get the bitcoins at cheap rate from china and trade them on Trading Platforms at expensive rate or sell them to business clients.
Funding:
The Bitcoins business is a very capital intensive business, i started with a huge sum of money... self sponsored and continued.
Profitability:
I got little money in month of October till on 2nd of November when i dived into trading locally... Thanks to my friend AleairHub, he advised me to start trading locally and leave the international trading platforms of bitcoins. I took his advice and i must tell you i smiled to the bank. Thanks to IzikJon, MarcJoe they pressured me into the bitcoins business.
Something happened in November, something so personal and it really affected me, i was down for 3-5days... On the 9th of November to be precise i turned the sadness of the even happening to joy. I withdrew all the money in my account and threw into buying forex from abokis sending them to china just to purchase Bitcoins. I continued this was till the end of November. 31st november at around 4 P.M i confirmed from my statement of account that i have made a transaction of 409 million Naira - N434 million naira worth of bitcoins transaction.
In this month alone i banked 19.4million Naira + in Profits.
In month of December alone i banked 12million Naira in profits. I would have done better than november but the MMM News affected the bitcoins business in nigeria.
Difficulties and how i solved them
- Daily transfer limit: This wasn't really much of a problem to me, as i use one of the best business friendly bank in Nigeria, that allows even 50million naira to be sent from a Savings Account Via Mobile Banking. My Bank allows me to increase or reduce my transfer limit at will and on the fly. So this enabled me to be able to transfer millions to my Abokis.
-Account Locked: At a point in time my account was locked, i had to walk into one of diamond branches to explain the nature of my transactions on a Savings Accounts that warrants me to make such Huge transfer. My account was unlocked that day. I so love my Bank.
-Search for Forex: This wasnt really much of a problem i have several connects to settle this.
- Electricity: At a point in time powering up my phone, laptop was becoming a problem... i had to go pay for a month's rent at an hotel and focused fully. The month of November was a crazy one. As paying N20,000 a day *30days is no fun.
Remarks: The bitcoins business changed my life in a period of short time, the profit raked in were massive. I was caged in a room for days.
Disclaimer*
- To those who do not believe figures quoted on the bitcoins biz, can contact me.. i have proofs, statement of accounts and you can visit my office in Abuja if you so desire. I am in Abuja, where is your office, shoot me a PM. 14 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Nobody: 4:25pm On Jan 10, 2017 |
5 Likes 1 Share |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Nobody: 4:26pm On Jan 10, 2017 |
modelmike7:
:::::hahahaha!..life.is.sweet.o!! My brother did you see the figures Ymodulus is quoting? Omo that money is enough to make somebody want to hang himself! 10 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by AleAirHub(m): 4:33pm On Jan 10, 2017 |
I have never for once regretted associate with a sincere , risk taker , motivator , etc person like you..... #The outcome of our success last year is just 15% of what we will achieve this year because the BREAK-THOUGH WILL BE BETTER THAN LAST YEAR...... ( SO LET KEEP COOKING & MINING FOR THE BEST IN 2017)
Young Bosses Making Millions In 20s........ #Bravo  Ymodulus:
The Bitcoin Business
I tried to give a detail tutorial on this sometime late last year, but the thread was deleted. Take a peek at rule 16 of Nairaland. So here i wont be going into details not because i do not want too, but because I do not want this thread closed or deleted.
Many of us know what bitcoins is, if you don't then google it up. October last year i dived into the bitcoin business. I imported my bitcoins largely from China and Trade them in Nigeria on bitcoins trading platform. Some days i sold little if i so wish.
IDEA:
Get the bitcoins at cheap rate from china and trade them on Trading Platforms at expensive rate or sell them to business clients.
Funding:
The Bitcoins business is a very capital intensive business, i started with a huge sum of money... self sponsored and continued.
Profitability:
I got little money in month of October till on 2nd of November when i dived into trading locally... Thanks to my friend AleairHub, he advised me to start trading locally and leave the international trading platforms of bitcoins. I took his advice and i must tell you i smiled to the bank. Thanks to IzikJon, MarcJoe they pressured me into the bitcoins business.
Something happened in November, something so personal and it really affected me, i was down for 3-5days... On the 9th of November to be precise i turned the sadness of the even happening to joy. I withdrew all the money in my account and threw into buying forex from abokis sending them to china just to purchase Bitcoins. I continued this was till the end of November. 31st november at around 4 P.M i confirmed from my statement of account that i have made a transaction of 409 million Naira - N434 million naira worth of bitcoins transaction.
In this month alone i banked 19.4million Naira + in Profits.
In month of December alone i banked 12million Naira in profits. I would have done better than november but the MMM News affected the bitcoins business in nigeria.
Difficulties and how i solved them
- Daily transfer limit: This wasn't really much of a problem to me, as i use one of the best business friendly bank in Nigeria, that allows even 50million naira to be sent from a Savings Account Via Mobile Banking. My Bank allows me to increase or reduce my transfer limit at will and on the fly. So this enabled me to be able to transfer millions to my Abokis.
-Account Locked: At a point in time my account was locked, i had to walk into one of diamond branches to explain the nature of my transactions on a Savings Accounts that warrants me to make such Huge transfer. My account was unlocked that day. I so love my Bank.
-Search for Forex: This wasnt really much of a problem i have several connects to settle this.
- Electricity: At a point in time powering up my phone, laptop was becoming a problem... i had to go pay for a month's rent at an hotel and focused fully. The month of November was a crazy one. As paying N20,000 a day *30days is no fun.
Remarks: The bitcoins business changed my life in a period of short time, the profit raked in were massive. I was caged in a room for days.
Disclaimer*
- To those who do not believe figures quoted on the bitcoins biz, can contact me.. i have proofs, statement of accounts and you can visit my office in Abuja if you so desire. 35 Likes 8 Shares |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by AbuMikey(m): 4:34pm On Jan 10, 2017 |
Mehn, this is really wowing. 2 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by computerboy: 4:35pm On Jan 10, 2017 |
1 Like 2 Shares |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by 3RNEST(m): 4:43pm On Jan 10, 2017 |
Keep it up brother @"op... The Lord is your stength...
Following thread back to back....  |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Nobody: 5:01pm On Jan 10, 2017 |
Wat a wonderful thread,,,,surely taking risk pays Thanks ymodulus ,,,,reading ur posts,,,,I'm inspired !!! Hope to give my own account someday |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by cybug: 5:09pm On Jan 10, 2017 |
I'm always challenged and angry at myself each time I come across Ymodulus' thread. 36 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by PiuniMan: 5:44pm On Jan 10, 2017 |
HMMM, this is massive |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by nkhay(f): 5:52pm On Jan 10, 2017 |
Following.... |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by mumels(m): 5:52pm On Jan 10, 2017 |
Ymodulus:
The Bitcoin Business
I tried to give a detail tutorial on this sometime late last year, but the thread was deleted. Take a peek at rule 16 of Nairaland. So here i wont be going into details not because i do not want too, but because I do not want this thread closed or deleted.
Many of us know what bitcoins is, if you don't then google it up. October last year i dived into the bitcoin business. I imported my bitcoins largely from China and Trade them in Nigeria on bitcoins trading platform. Some days i sold little if i so wish.
IDEA:
Get the bitcoins at cheap rate from china and trade them on Trading Platforms at expensive rate or sell them to business clients.
Funding:
The Bitcoins business is a very capital intensive business, i started with a huge sum of money... self sponsored and continued.
Profitability:
I got little money in month of October till on 2nd of November when i dived into trading locally... Thanks to my friend AleairHub, he advised me to start trading locally and leave the international trading platforms of bitcoins. I took his advice and i must tell you i smiled to the bank. Thanks to IzikJon, MarcJoe they pressured me into the bitcoins business.
Something happened in November, something so personal and it really affected me, i was down for 3-5days... On the 9th of November to be precise i turned the sadness of the even happening to joy. I withdrew all the money in my account and threw into buying forex from abokis sending them to china just to purchase Bitcoins. I continued this was till the end of November. 31st november at around 4 P.M i confirmed from my statement of account that i have made a transaction of 409 million Naira - N434 million naira worth of bitcoins transaction.
In this month alone i banked 19.4million Naira + in Profits.
In month of December alone i banked 12million Naira in profits. I would have done better than november but the MMM News affected the bitcoins business in nigeria.
Difficulties and how i solved them
- Daily transfer limit: This wasn't really much of a problem to me, as i use one of the best business friendly bank in Nigeria, that allows even 50million naira to be sent from a Savings Account Via Mobile Banking. My Bank allows me to increase or reduce my transfer limit at will and on the fly. So this enabled me to be able to transfer millions to my Abokis.
-Account Locked: At a point in time my account was locked, i had to walk into one of diamond branches to explain the nature of my transactions on a Savings Accounts that warrants me to make such Huge transfer. My account was unlocked that day. I so love my Bank.
-Search for Forex: This wasnt really much of a problem i have several connects to settle this.
- Electricity: At a point in time powering up my phone, laptop was becoming a problem... i had to go pay for a month's rent at an hotel and focused fully. The month of November was a crazy one. As paying N20,000 a day *30days is no fun.
Remarks: The bitcoins business changed my life in a period of short time, the profit raked in were massive. I was caged in a room for days.
Disclaimer*
- To those who do not believe figures quoted on the bitcoins biz, can contact me.. i have proofs, statement of accounts and you can visit my office in Abuja if you so desire. thanks for the heads up. have gotten to work. but please mind i ask. how do you pay the chinese bitcoin seller. 1 Like 1 Share |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by Kinghenreey: 6:13pm On Jan 10, 2017 |
Ymodulus:
The Bitcoin Business
I tried to give a detail tutorial on this sometime late last year, but the thread was deleted. Take a peek at rule 16 of Nairaland. So here i wont be going into details not because i do not want too, but because I do not want this thread closed or deleted.
Many of us know what bitcoins is, if you don't then google it up. October last year i dived into the bitcoin business. I imported my bitcoins largely from China and Trade them in Nigeria on bitcoins trading platform. Some days i sold little if i so wish.
IDEA:
Get the bitcoins at cheap rate from china and trade them on Trading Platforms at expensive rate or sell them to business clients.
Funding:
The Bitcoins business is a very capital intensive business, i started with a huge sum of money... self sponsored and continued.
Profitability:
I got little money in month of October till on 2nd of November when i dived into trading locally... Thanks to my friend AleairHub, he advised me to start trading locally and leave the international trading platforms of bitcoins. I took his advice and i must tell you i smiled to the bank. Thanks to IzikJon, MarcJoe they pressured me into the bitcoins business.
Something happened in November, something so personal and it really affected me, i was down for 3-5days... On the 9th of November to be precise i turned the sadness of the even happening to joy. I withdrew all the money in my account and threw into buying forex from abokis sending them to china just to purchase Bitcoins. I continued this was till the end of November. 31st november at around 4 P.M i confirmed from my statement of account that i have made a transaction of 409 million Naira - N434 million naira worth of bitcoins transaction.
In this month alone i banked 19.4million Naira + in Profits.
In month of December alone i banked 12million Naira in profits. I would have done better than november but the MMM News affected the bitcoins business in nigeria.
Difficulties and how i solved them
- Daily transfer limit: This wasn't really much of a problem to me, as i use one of the best business friendly bank in Nigeria, that allows even 50million naira to be sent from a Savings Account Via Mobile Banking. My Bank allows me to increase or reduce my transfer limit at will and on the fly. So this enabled me to be able to transfer millions to my Abokis.
-Account Locked: At a point in time my account was locked, i had to walk into one of diamond branches to explain the nature of my transactions on a Savings Accounts that warrants me to make such Huge transfer. My account was unlocked that day. I so love my Bank.
-Search for Forex: This wasnt really much of a problem i have several connects to settle this.
- Electricity: At a point in time powering up my phone, laptop was becoming a problem... i had to go pay for a month's rent at an hotel and focused fully. The month of November was a crazy one. As paying N20,000 a day *30days is no fun.
Remarks: The bitcoins business changed my life in a period of short time, the profit raked in were massive. I was caged in a room for days.
Disclaimer*
- To those who do not believe figures quoted on the bitcoins biz, can contact me.. i have proofs, statement of accounts and you can visit my office in Abuja if you so desire. More power to your elbow bro. E sure for you aswear. I always tell u u are MAD. . aswear you are just getting madder. We re getting there Bro. 2 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by kevoh(m): 6:29pm On Jan 10, 2017 |
4 Likes 1 Share |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by miqos02(m): 6:36pm On Jan 10, 2017 |
Royal155:
Can somebody please help me with rope? I want to hang myself!
Kai! Nna mehn negodu ego! I will buy u a trailer load of ropes if u transfer all money in ur account to me 1 Like |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by winetapper: 6:39pm On Jan 10, 2017 |
One day I go write my own business experience story.
Cc AleAirHub 7 Likes 1 Share |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by tolutweety(m): 6:44pm On Jan 10, 2017 |
AleAirHub:
I have never for once regretted associate with a sincere, risk taker, motivator, etc person like you.....
#Bravo You took those words right outta my mouth. Kudos Young. 
A bigger 2017.cc: ymodulus 6 Likes 1 Share |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by yanmiri(f): 6:46pm On Jan 10, 2017 |
Ymodulus:
The Bitcoin Business
THIS, YES THIS DISCLAIMER BELOW,
Disclaimer*
- To those who do not believe figures quoted on the bitcoins biz, can contact me.. i have proofs, statement of accounts and you can visit my office in Abuja if you so desire. If I don't 1.. visit your Abuja office by my very self And 2... sight those accounts statements with my naked korokoro eyes plus Then 3... feel the papers they're printed on with my bare fingers for authenticity, Then it's Thomas all thru!!!  Please make me a Believer o...I'm at Abuja Give me a date,. anytime 7 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by FetchUK: 6:49pm On Jan 10, 2017 |
Great efforts from the OP/
The foreign exchange thing is a bit of a grey one. If you could muster the necessary connections, you could certainly get incredible profits due to the lopsided fx policies.
Collectively risky ventures, but he had garnered enough experience, street wise-ness and gained enough knowledge to be able to pull through all with great profits. I'd say to you though, maybe later on you should take permanent reins in a business or set up a conglomerate which is sustainable and has longevity. 27 Likes 2 Shares |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by AleAirHub(m): 6:53pm On Jan 10, 2017 |
Good to hear that winetapper:
One day I go write my own business experience story.
Cc AleAirHub 2 Likes |
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by AleAirHub(m): 6:57pm On Jan 10, 2017 |
Abi tolutweety:
You took those words right outta my mouth.
Kudos Young.
A bigger 2017.
cc: ymodulus
|
| Re: Brief Summary Of All My Business Encounter In 2016. - I Take A Bow by FMCASH(m): 7:03pm On Jan 10, 2017 |
I hope we all notice the statement he made: I WITHDREW ALL THE MONEY IN MY ACCOUNT. 50:50 I ONCE GET MAD AT MYSELF WHEN SINGAPORE1 SAID YMODULUS WORTH HAVE A BILLION: WHAT GOES INTO MY MIND THEN WAS THAT WHEN WILL I HIT ONE BILLION. MAY JAH BLESS OUR HUUSTLE, YMODULUS REALLY INSPIRED ME MORE THIS YEAR. ONE QUESTION I WHICH TO ASK YOU: HOW OLD ARE YOU BRO Ymodulus:
The Bitcoin Business
I tried to give a detail tutorial on this sometime late last year, but the thread was deleted. Take a peek at rule 16 of Nairaland. So here i wont be going into details not because i do not want too, but because I do not want this thread closed or deleted.
Many of us know what bitcoins is, if you don't then google it up. October last year i dived into the bitcoin business. I imported my bitcoins largely from China and Trade them in Nigeria on bitcoins trading platform. Some days i sold little if i so wish.
IDEA:
Get the bitcoins at cheap rate from china and trade them on Trading Platforms at expensive rate or sell them to business clients.
Funding:
The Bitcoins business is a very capital intensive business, i started with a huge sum of money... self sponsored and continued.
Profitability:
I got little money in month of October till on 2nd of November when i dived into trading locally... Thanks to my friend AleairHub, he advised me to start trading locally and leave the international trading platforms of bitcoins. I took his advice and i must tell you i smiled to the bank. Thanks to IzikJon, MarcJoe they pressured me into the bitcoins business.
Something happened in November, something so personal and it really affected me, i was down for 3-5days... On the 9th of November to be precise i turned the sadness of the even happening to joy. I withdrew all the money in my account and threw into buying forex from abokis sending them to china just to purchase Bitcoins. I continued this was till the end of November. 31st november at around 4 P.M i confirmed from my statement of account that i have made a transaction of 409 million Naira - N434 million naira worth of bitcoins transaction.
In this month alone i banked 19.4million Naira + in Profits.
In month of December alone i banked 12million Naira in profits. I would have done better than november but the MMM News affected the bitcoins business in nigeria.
Difficulties and how i solved them
- Daily transfer limit: This wasn't really much of a problem to me, as i use one of the best business friendly bank in Nigeria, that allows even 50million naira to be sent from a Savings Account Via Mobile Banking. My Bank allows me to increase or reduce my transfer limit at will and on the fly. So this enabled me to be able to transfer millions to my Abokis.
-Account Locked: At a point in time my account was locked, i had to walk into one of diamond branches to explain the nature of my transactions on a Savings Accounts that warrants me to make such Huge transfer. My account was unlocked that day. I so love my Bank.
-Search for Forex: This wasnt really much of a problem i have several connects to settle this.
- Electricity: At a point in time powering up my phone, laptop was becoming a problem... i had to go pay for a month's rent at an hotel and focused fully. The month of November was a crazy one. As paying N20,000 a day *30days is no fun.
Remarks: The bitcoins business changed my life in a period of short time, the profit raked in were massive. I was caged in a room for days.
Disclaimer*
- To those who do not believe figures quoted on the bitcoins biz, can contact me.. i have proofs, statement of accounts and you can visit my office in Abuja if you so desire. |
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