Post
Topic
Board Nigeria (Naija)
Re: The ugly side of trading in crypto
by
Pi-network314159
on 11/01/2025, 18:23:32 UTC
There comes a man wey lose a sum of 2 million naira wey em father give am to start up business, em use am on trading on crypto for quick gains instead.

Now the money don remain $197, em d seek for advice. But at first, he made his first gain of $200 on top the 2 million naira, em think sae na to the double the money d go, not knowing the big deal wey go hammer am d come.
This news na very sad news, how person go use #2m wey him papa give am to do business go trade? To the extent wey him  lose %90 of the money com remain only $197. I believe say na all this pump and dump coin him go trade. Because if him use am invest for Bitcoin, e no go fall reach this level. But I hope say him go don learn from him mistake now.

Now, em don d lament about his experience on crypto trading, and seeking for advice on what to do with the remaining $197.

$197 should be around 315k for naira under 1600 per dollar. Starting a POS business or to d sell food stuffs no be bad idea.
For now na only POS I no say him go fit do with that amount. And him no go rent shop, na under mango tree him go stay or with umbrella. If na food stuff him wan do, e no ho work because that amount no gop anywhere for food stuff except say him go dey run supply to market people like to dey supply garri to market women or yam or even start cow meat butcher.

Another business I for suggest for am if him wan recover that money na to go train pig or star poultry farm. And him go do am for village. Just look for a small portion of land but like 3 to 4 female pigs including 1 male and train them for like 1 year for village. If eventually them grow com born Pikin then the piglet go plenty. If hi decide to sell all then him go make money. But him go make more money if him allow them natured well then 4 or 5 in on year go give back times 2 Of that money wey him loss.