FOR THOSE ASKING QUESTIONS on
#USDT PROFIT POSSIBILITIES, gather here!đđ
_____________________
Since you decide to ask some questions of how I made the profit, or choice of preference to SPOT TRADING,
Let me try to be simple and factual here and there:
Now, if you have #300,000 (naira) and wanting to invest now, I mean you want to convert to USDT now that Dollar is on a high side to Naira pair as is currently running towards #1,500 may be at risk and may yield profit if purchased now and dollar gets to 2000 plus. It all depend on you as I will be break down the financial hard wall of the impossibility and possibilities.
For an instance, if Dollar is selling at 1500 each and you want to buy #300,000 of it, that means, you will be having just 200USDT.
How? Let calculate. Use this formula:
To calculate the amount of USDT you would have when converting âŠ300,000 at an exchange rate of 1,500, you can use this formula:
Amount in USDT = Amount in NGN / Exchange rate
Therefore, in this case, you divide the amount in NAIRA by the exchange dollar rate. Like this:
âŠ300,000 / 1,500 =$200.
Do you understand?
So, you would have 200 USDT.đ
So, If Dollar later increase from 1500 to 2000, if you are to sale your 200USDT at rate of #2000 each on naira peir, that will give you #400,000. So you will be making #100,000 profit.
Unlike myself who put #300,000, if I put it when dollar was #1000 and sale when dollar is #2000 on naira peir, I will sale it #600,000 and make #300,000 profit. But I made #162,452 because wasn't when dollar would be 2000 exchange rate.
Now imagine those who put #20,000,000. Imagine your financial institutions who put #900,000,000 of your money. Imagine the anonymous who put 3billions naira waiting for the turn of #2,000 at exchange rate.
I am using little amount of money first to explain for simplicity, alrightâđż
NOW, JUST
#FOLLOW ME while I drop the
#RISK $ part of this business. So that you will understand the market good game.