NewStats: 3,263,447 , 8,180,172 topics. Date: Thursday, 05 June 2025 at 11:57 PM 1h3oj

My networth keeps dropping everyday haha, one day I tell myself “I’m worth 3k…another it’s 2700, and 2500 and 1500 … imagine when if Btc goes to 50k lols.

Hhh

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.

For record sake, i and other people who thougt alike were right and them Seanakafor and the rest were wrong.

Nxnxnx

LandMann:


Hold your USD and keep calm till April.

If you don't see drop in price of cement, gas, sugar, flour and diesel in the next two weeks then know that Tinubu is only doing cosmetic surgery. The naira will continue to fall untill we get all refineries running at full capacity producing pms and diesel and Nigeria army successfully clears bandits and terrorists from the north and east

lol Apc man…

Who else feels bad for not selling their USDT at the peak #1900 here? Honestly I feel bad lols, my money’s value in naira has declined. If I had sold at 1900 and bought back at this 1400… na something. I was just confused and didn’t have any confidence whatsoever in the government. The part I hate most is that the goods that the prices went up with the dollar will not necessarily come down and if dollar starts going up again, their prices will still go up.

I have taken the L but here is the lesson to be learnt, as we are entering bull run: Always take profit… The profit is not profit until you have sealed/pocketed or closed that trade.

Always shield yourself from Noise: noise comes in form of widely held public opinions or trends that everyone is talking about. Once everyone starts talking about a particular thing, it’s best to seek isolation and think for yourself… that way you will know what’s best for you. If i had calmed down to think, I would have probably known that all those policies the government were making at the same time towards stabilizing the naira would have worked at least momentarily/temporarily

iLegendd:
Just calm down. What goes up in Nigeria goes up. If it goes down, give it 1 week or 2 and it will get worse when going back up.

As long as Nigeria is ruled by corrupt people or the president is surrounded by corrupt people, don't trust their measures. It's always temporary. If you panic and sell your Dollar, you'll rebuy when it's 2k/$.

Sure bro… just that I was really anticipating this retracing and planned to trade it… however I felt the retrace will happen when we have touched 2k/ usd… I’m never gonna sell my usdt … but if I had sold at 1800 and rebought at this stage, I will have more usdt before we go up again which is sure as death .

If I was arguing as a lawyer, the events of tonight will help me prove a case of manipulation on Binance. No further arguments

Fastt:


Just look at this sh1t.

CZ should have a case to answer.

Damn man !!!! That’s some stunt

Some of us are not saying these things so that the government bans Crypto in Nigeria… we are saying it as a simple observation and if anybody the government inclusive can be objective enough, they would see it. The only concern is if they would tackle it intelligently not threaten to shut down crypto.


I actually feel bad that I didn’t sell some of my usdt at the peak of 1800 … I was really confused and not sure if we were gonna go up or down … I saw the fuds in the afternoon but couldn’t make up my mind to sell .
Nobody can win the government ever in this life: the possess both the ideological and coercive apparatuses of the state. Once they decide to go against anything, 80% chance that thing goes down.


Let’s see how it plays out going forward

Now that the dollar has crashed on Binance P2p, will it not crash in the open market?

Will Bdcs operators still be selling 1800?

Someone help me answer this question

Come to think of it, someone who had 100k dollars as at the time naira was floated around may/june at 800 Ngn had 80 million naira and if the person kept the money intact, today at the rate of 1800 Ngn he would have 180 million. That’s more than 100% increase and without breaking a sweat he had effectively outperformed most persons who made physical investments or opened businesses.

Now tell me why such a person would not continue to make deliberate attempts to manipulate the currency?

Bullish99:
A lot of folks here lack sensible reasoning and I simply do not blame u all cos u actually know no better.

How's it hard for u to fantom that the uptrends isn't based on importations or economic factors that drives a country economy normally but speculations and manipulation.

Whichever way if u all like b making money in dollars. We would all feel the heat and make noise for solutions when it gets unbearable.

Like for real bro, this argument ensued sometime last year and the facts have not changed. BDCs operators currently use Binance to know current and prevalent rates … how is it difficult for some people to understand that any rate prevalent on a popular exchange platform will have effect in the real market place… we went ahead to show them screenshots of Merchants unnecessarily and arbitrarily manipulating prices : for instance u see a buy order at 1702 and the one following it will be 1745 and another at 1788… that’s unreal and does not reflect the true value of the naira. But a lot of them have failed to see these reasons and instead argue all the time … So let all man go with what they believe

Realmrsean:
So people saying binance should be regulated.. now that it has been regulated, has it stopped the free fall of useless naira?

Maybe they should go over to bybit, bitget, paxful etc and also force them to regulate it

Idiots and dunderheads

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.