NewStats: 3,263,374 , 8,179,939 topics. Date: Thursday, 05 June 2025 at 05:34 PM 40103l

Tsfari:



Oga you have been arguing aimlessly? No one has exempted the Government from the blames of the bad economy, we have been discussing about bad government, corruption since Nigeria’s inception. The argument is whether or not there is price manipulation on binance and whether or not those the effects of those manipulation trickle down to the parallel market/black market and answer is
yes.

You can now use this answer to curb the further plummeting of the naira if you are a government official.


I’m not responding to you again.

Oga no dey talk too much ,same prices manipulation carry you go binance. The question remains are you a buyer or a seller.

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I had 126k worth of BTC, today's it's 172k... Please how do I maximize profit??

$1 million is nothing compared to what is needed out there by manufacturers....just check what we spend on UK educational system in a year.

Naira has been losing since Shagari days to Buhari, IBB...check the progression. No Binance then.

from 0.90 or so to 20N to a dollar during OBJ...

if you buy a shit coin that pumps like that...you know how much you go make?

Eaglepixel:
Over $1mil in naira transaction is done daily on Binance. The 9ja whales manipulating the Naira price daily...
Either they open deposit by card with bank or we shut binace p2p down.

We shall make it FP.

You can't be affecting the population with greed or arbitrage. If naira should enter #1500 to 1$ this country will be on the verge of shut down.

strangest:
I had 126k worth of BTC, today's it's 172k... Please how do I maximize profit??

You can sell it now at 29500 or at 30200 and buy it back later at 28700, 28200 or even 27750.

XaToXi:


You can sell it now at 29500 or at 30200 and buy it back later at 28700, 28200 or even 27750.

Is it still going to go down? Is there a way to know all these things?


Or how about swapping for another crypto?

strangest:


Is it still going to go down? Is there a way to know all these things?


Or how about swapping for another crypto?

In crypto, nothing goes up forever. Ask those who bought LOOM at the top.

Price correction is very certain.

About swapping, swap to usdt first and take your time to look for something else to buy

fashionnisir:


What is your leverage, margin capital and time frame? I want to check something

10* and $10, am into scaping!

Eaglepixel:
Over $1mil in naira transaction is done daily on Binance. The 9ja whales manipulating the Naira price daily...
Either they open deposit by card with bank or we shut binace p2p down.

We shall make it FP.

You can't be affecting the population with greed or arbitrage. If naira should enter #1500 to 1$ this country will be on the verge of shut down.

Some of you should be comedians this one is talking about 1million dollars on binance traded daily when more than 100millon dollars are traded offline daily...una think say currency trading starts and ends with binance..lol...even the online stuff sef..there are more than five exchanges where usdt/naira are traded everyday.....don't go and tell your CBN to do the right thing...allow them to be playing mind games with you people...you people keep shouting there is price manipulation bla bla bla..now the question is, who are those buying at those manipulated price ?? And why do the sellers keep having confidence that there will be buyers no matter how high the rate is ?? When Jonathan was in power more than ten years ago..dollar was less than 200naira and fuel was less than 200naira....nonsense government entered and within the first six years.. the dollar reached 600naira....I guess it is binance p2p that made it to reach 600naira after Jonathan left power abi ?? Una never ready...lol..


Just few months ago , house of senate ordered new cars for senators...brand new cars that will be imported...what do you think will be used to pay for those unnecessary expensive cars they are buying when the masses are suffering ?? It is the same dollars that they will use to buy it...and you are still wondering why there is extremely high demands of the dollar thus making the naira weaker?? Sit down there and be playing ..

Even the so called bureau de change you people are claiming that they should arrest , most of them are still owned by those powerful politicians most especially the powerful northern politicians....dey play oooo

twosquare:
$1 million is nothing compared to what is needed out there by manufacturers....just check what we spend on UK educational system in a year.

Naira has been losing since Shagari days to Buhari, IBB...check the progression. No Binance then.

from 0.90 or so to 20N to a dollar during OBJ...

if you buy a shit coin that pumps like that...you know how much you go make?

Leave them make dem dey play

traffiools:
10* and $10, am into scaping!

Like for you enter a buy or asell and it goes in your favour ,how much could you make with that, in exception of greed?

fashionnisir:

Like for you enter a buy or asell and it goes in your favour ,how much could you make with that, in exception of greed?

I used to take $1.5 profit upward, then repeat as many times. But if I noticed it's favouring my direction, I simply put stop loss at my $1.5 profit, with that once I hit $5 am going with that simple, have manage to take $7.5 In Total today! My stop loss is always at $$2.

XaToXi:


You can sell it now at 29500 or at 30200 and buy it back later at 28700, 28200 or even 27750.

₦I72,k worth of bitcoin and not 1 bitcoin

Those who bought loom at the top are lonely at the top now😂😂😂 Otilor

XaToXi:




In crypto, nothing goes up forever. Ask those who bought LOOM at the top.

Price correction is very certain.

About swapping, swap to usdt first and take your time to look for something else to buy

Why single out binance......?

If we start producing lithium batteries today in large quanties, naira will appreciate everywhere including p2p platforms
If we start producing and exporting palm oil..naira will appreciate everywhere including p2p platforms
If we continue to import toothpicks,paper,vegetable oil, flour, fuel etc, naira will depreciate everywhere including all p2p platforms

p2p platforms are a reflction of the economy, manipulation has a limit...

First they accused abokifx, now, p2p platforms....this 3rd world economics

production and exporting gives value to your currency..not trading of your currency

Deal with cause...not the effect......YOU CANNOT BE KILLING FLIES WHILE THE SHIT THAT BROUGHT THEM IS STILL LYING THER...REMOVE THE SHIT FIRST...THE FLIES WILL NATURALLY GO

Lmao

traffiools:
I used to take $1.5 profit upward, then repeat as many times. But if I noticed it's favouring my direction, I simply put stop loss at my $1.5 profit, with that once I hit $5 am going with that simple, have manage to take $7.5 In Total today! My stop loss is always at $$2.

Wow. What leverage and magin capital do you use to make a big kill in big move

https://punchng.com/why-naira-is-in-free-fall-ex-minister-aganga/

The second problem is CORRUPTION

This morning it was 1174 , now heading to 1274 in binance. When am saying thAt binance p2p is one of our problem, i wasn't joking.

SINisSIN:
I understand what you're saying perfectly. The manipulation on p2p is too much. In real sense, dollar to naira is not up to this rate but trust Nigerians na, we feed on any given opportunity to our gain.

traffiools:
I used to take $1.5 profit upward, then repeat as many times. But if I noticed it's favouring my direction, I simply put stop loss at my $1.5 profit, with that once I hit $5 am going with that simple, have manage to take $7.5 In Total today! My stop loss is always at $$2.

Hi, good evening, please I need you to put me through.
Thanks in anticipation

Exactly. The greediness of this p2p platform ranks second to none . This issue is of national concern.. abeg carry em go front page

Eaglepixel:
Over $1mil in naira transaction is done daily on Binance. The 9ja whales manipulating the Naira price daily...
Either they open deposit by card with bank or we shut binace p2p down.

We shall make it FP.

You can't be affecting the population with greed or arbitrage. If naira should enter #1500 to 1$ this country will be on the verge of shut down.

Babes, in as much as I want to agree with you but see Binance p2p is too small to be inflating or controlling USD rate in the market. You see kind of naira to usd transactions that goes offline en is more massive than p2p. My wife is one of the top staffs in the bank she works, you see these bank staffs alone, they are also part of the issue. They have special cards for all these arbitrage within and outside Nigeria.

Binance p2p is just a minor issue compared to offline transactions going on daily.

Do you know there are cards that work on Binance for deposit? If you have any one that works in the bank, ask them for all these their special cards.

Enyinne:
This morning it was 1174 , now heading to 1274 in binance. When am saying thAt binance p2p is one of our problem, i wasn't joking.

I think another problem that caused this hike in price on p2p was system error from Binance. I noticed for some hours, normal merchant couldn't create ads. Only ads from Verified merchant were on both buy and sell. So I feel the Verified merchant used this opportunity to hike their prices.

Hours later when normal merchants gained access to creating of ads, the prices were dropping meaning that more buyers and sellers are in the market now.

I knew all these because I have been on p2p session for like 4 days now.

Enyinne:
Exactly. The greediness of this p2p platform ranks second to none . This issue is of national concern.. abeg carry em go front page

We are in the internet age where information travel super fast! U all saying exchanges P2p platforms aren't the cause of the current Naira situation are mistaking.

BDC guys depend solely on Abo ki fx website back then to give rates to customers, when that was banned, they switched to majorly Binance P2p for rate check thereby creating groups that create continuous heavy buy and selling transactions on exchanges P2p platforms to make it look real (info from a old time pal that's into BDC services)

The attached picture is the usdt/NGN chart on Binance.
Rates as started declining everywhere immediately the correction started happening on Binance.
All the large buying orders aren't pushing up prices again.
If BDC guys and everyone trading currencies continue setting their prices based on info found on some P2p platforms, then tell me how Binance can't/isn't affecting Naira.

Let's take for example Binance manipulate the USDT/NGN chart on their platform and set Naira to N920 to a dollar and stays like that for about 24-36hrs, u would see how rate will become uniform nationwide.

.

.

Sibbb:
I’m trying out binance margin trade to short some coin unfortunately I can’t short, I can only long. Maybe I’m doing it the wrong way, is there anyone here trading margin and also shorting there. Please I will appreciate if you put me through

Go to binsnce Futures. And you can short Anytime at will as often as you want .

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to keep your leverages low, never risk more than 10% of your portfolio in a single trade & always manage risks accordingly. Crypto currency trading is very volatile and you could lose all your money. CAPITAL PROTECTION IS A MUST!!!

Bullish99:
We are in the internet age where information travel super fast! U all saying exchanges P2p platforms aren't the cause of the current Naira situation are mistaking.

Kindly tell us how the BDC guys on Binance are
Selling. ie the total daily and monthly quantity of FX sold or leave it..

You have to back up your discovery with facts..

We need numbed sit..


Oil Dey ya head..

Keep grinding..

Eaglepixel:
Over $1mil in naira transaction is done daily on Binance. The 9ja whales manipulating the Naira price daily...
Either they open deposit by card with bank or we shut binace p2p down.

We shall make it FP.

You can't be affecting the population with greed or arbitrage. If naira should enter #1500 to 1$ this country will be on the verge of shut down.

1 million is very small na..

So small..

Ie 30 - 31 mili monthly..

That can’t affect our FX..

Who cos this problem?


Na Emefile!


Tinubu will soon lift the crypto ban..

Luada:

You are right, look our senators that they gave suvs worth 200m when the economy is bad you are now blaming traders, when cbn floated naira they gave the common man charge over it that is what floating is all about.

You see?