The cryptocurrency market is in freefall, with the value of the market losing almost 25 per cent over the last day.
And while the troubles have many causes, the latest drop is likely to be largely the result of new fears about regulation in China, which have caused anxiety across the market.
They come after a range of other difficulties for the cryptocurrency market. Elon Musk has been the catalyst for many of them, including his announcement last week that Tesla would stop taking bitcoin in return for cars because of the climate impact of cryptocurrency.
They come after a range of other difficulties for the cryptocurrency market. Elon Musk has been the catalyst for many of them, including his announcement last week that Tesla would stop taking bitcoin in return for cars because of the climate impact of cryptocurrency.
From Independent.co.uk
The memes on Twitter madt gan.... I don't even understand this crypto currency thingy that's why I didn't bother to invest then
ReplyDeletePut money for air? I dey mad? It's an advanced pyramid scheme. After MMM pple still get mind for this thing
DeleteI thought I was the only one. I would never understand it. Let me be managing my ARM investment jeje
DeleteThe picture up there though, very risky something
DeleteThe same here ooo
DeleteI dont think i have the liver to invest in crypocurrency
ReplyDeleteIt's those that bought before it crashed I pity. One must learn to control FOMO.
ReplyDeleteI don't understand how this thing works and I'm scared of it biko but my friends have been complaining about the loss they've incurred.
ReplyDeletePls does it mean it has crashed and wont exist again? Hmm i just bought yesterday ooocoa i heard its a good time to buy when the prize is low!hope i haven't lost my money
ReplyDeleteUna get mind
DeleteDont worry hun, it will come up again
DeleteMy dear buy the dip if you have money!!! Some lots don’t understand how it works they just open their mouth waaaa
DeleteSome lots like you.
DeleteCrypto is a very nascent space, most of them don’t even understand what the hell they are doing..just vibes and 🚀🚀🚀.
ReplyDeleteElon Musk Tweet last week na him influence the collapse of Bitcoin...He stated that minting the bitcoin causes carbon emission and he is now a repentant environmentalist so he will no longer accept bitcoin...Well anything that will rise will fall...It will still come up...What I know is another ogbonge thing will come and people will still patronize...Man can never be satisfied..
DeleteHow is he now a repentant environmentalist? Someone manufactures cars and you call him a repentant environmentalist, his new factory in Germany, won’t they cut trees to build it, or won’t there be waste products from the factory, abeg no dey allow this man crumble peoples hard work with his unguided statements
DeleteSo what foreign investment can someone go into now and be sure your money will be save.
ReplyDeleteMy dear everything na risk oh...Its just a matter of choosing between the devil-you-know and the angel-you dont-know case.
DeleteI always go for something that is less volatile, minimum risk. Bonds,treasury bills, money market, shares, properties .The returns are low except properties, but this is has always been me. When the CBN governor was trying to protect them, he was insulted for weeks. Yes, it will rise again but it has shown it has no intrinsic value and words can easily affect trading. The US secretary of treasury has been saying it has no real value for weeks.
ReplyDeleteBitcoin or any crytocurrency is not for the faint hearted. It's highly volatile and unpredictable. U can buy 20k worth today and by afternoon it's worth 15k, it can also appreciate rapidly. So either way, it requires patient, super patient to sustain u during it's dip period as its doing now.
ReplyDeleteI don't even understand this their crypto currency thing sef. Na person wey bellefull dey invest for air.
ReplyDeleteNa so pinkoin disappear, my friend just dey vex as if person send m message, after all the warning.
ReplyDeleteI can't invest in what I don't understand.
My sister and her friend did windthrill last 2years.my sister lost close to 10 million and her friend that was collecting money from people to invest for them lost almost 30million.the friend is still paying the debt till now,going to police station every month to repay debt.it was a very huge loss and till now she hasn’t recovered.i pity her so much,single lady no husband or fiancé to help her.be very careful with ur investment decisions.
ReplyDeleteChai see how ignorant bvs are opening their waaaaah to talk what they dont understand.
ReplyDeletePlease educate them then
DeleteThe thing no tire you??🤣🤣🤣 one say na pyramid scheme. Ey God😂😂😂😂
DeleteMy altcoins are still strong! I’m buying more dip! 🚀🚀🚀
Oya educate us na
DeletePls educate me Finny
DeleteYesterday I wish I started crypto for the first time ever in my life! I would have bought a lot of dips altcoin...
ReplyDeleteI would be smiling during altcoin season 😉😉
Yada yada yada
DeleteAna akonu
DeleteI don’t even consider this dip a loss. It’s only an opportunity to invest for me. I’m still buying.
ReplyDeleteI made madt money by buying into the lockdown dip.
This is yet another opportunity to catch better cruise.
Never invest in something you don't understand.
ReplyDeleteThat's my issue with many of our people. Because you heard that Lagbaja is making money from Bitcoin, you'll go and invest in it without understanding how it works, the risks involved and if it's within your risk threshold.
Every business/investment is risky but some are riskier than others and the loss if the risk materializes may not be what you can afford.
👌👌
DeleteEyah..........
ReplyDeleteN.a. so MBA carry my money go...E no go better for You oo.
ReplyDeleteHmmm the world economy is designed to keep the rich rich and trap the poor. That's how I put $$$ in stocks this year and lost half my money. Truth is stocks, shares, all that are no longer what they used to be. They were made to be investments, where you put money to support a company you believe in, and reap after many years. The company performs well, stock price rises, and basically you don't sell unless there's emergency. Some even leave it there for their unborn generation. Making the stocks strong, predictable and worth something. Now it has all turned to gambling. Due to technology, smart phones and apps, anyone can trade stocks, access has increased. So a lot of people are buying only to sell once there is an increase. So many people selling makes the price drop. No more patience, everybody wants to profit immediately.
ReplyDeleteThe only thing I am sure of now is my monthly income from job. All these investments in a 2021 world is very unpredictable. All na legal MMM abeg. God help us.
👊
DeleteHmmmmmm
ReplyDelete