"Crypto people are criminals" Seun Kuti.

[Zigabel]

Its crazily sad when we hear people who have got little to almost no idea about a particular niche of financial advancement and yet try to claim that they are experts or they have got good knowledge enough to advice people about  such field rather than allowing experienced people who have hands on field experience in such areas to educate people.

I want to believe that if anyone should come out and say same thing about music seun kuti will bash such person claiming such person isn't educated or exposed enough and forgetting that in areas as this, he's in exposed and uneducated as such person too. He only further exposes his ignorance in this fintec space and I believe that's nothing an experience trader, investor or a fintech enthusiast as well as a crypto enthusiast will listen to.

[letteredhub]

Seun Kuti's labelling of crypto people (traders) as criminals shows that he doesn't know anything about crypto trading. If he knew that cryptocurrencies are volatile he wouldn't be blaming innocent traders for his sister's lose of 50 million naira in trading, according to him.

Lol some people can be very weird and ignoramus altogether.
Had it been that the sister lost the money to a gambling casino platform she gamble with would he have had the effrontery to label gambling as a scam?

Would he have went on to label cryptocurrency trading as a scam if his sister had made profit with the #50 million she had risked wrongly? There's no way she would have lost such huge money if she had invested it in bitcoin.

It's people like Seun that go about giving bad impression about crypto without doing a study about how cryptocurrency market. Not sure he knows the basics of crypto trading neither his sister.

[icebar]

His sister lost over 50 million naira, which is why he is worried. But if his sister had gained 50 million naira, he might not have expressed his emotions like this. We know how bad a person can feel when they lose a major asset in their life. They could not take the loss of Seun Kuti’s sister lightly. They were so emotional that they did not hesitate to express it.

I think Seun Kuti’s complaints about cryptocurrencies were all emotional. He said cryptocurrency is a scam. Is cryptocurrency really a scam? I will definitely oppose it. There are many cryptos in the cryptocurrency market. If he made a mistake and greedily invested all his money in a scam project, who is responsible for it? I think what Seun Kuti’s sister did was completely greedily. If he had invested in a good project before investing, would he have suffered? Would he have lost if he had invested his money in Bitcoin?

Blaming cryptocurrency without revealing his own failures is certainly not prudent. One should definitely keep one's greed for wealth in check. We often say that invest as much as you can afford to lose in crypto. If that is the case, then why are they worried about losing the amount of their investment? I think that Seun Kuti's comment is just an expression of his temporary inability to control his emotions.

[Mpamaegbu]

~

Half knowledge they say is more dangerous than no knowledge and that's why I'm never surprised when people with very limited knowledge about cryptocurrency tries to portray it as engagement that majors on criminality.

Someone like Seun Kuti nor dey gree sey him be ignoramus for anything. He must drag wetin im nor sabi. If to sey d thing pay, him go begin buga and claim useless OG and smartness. Though I nor dey support scam and Ponzi schemes, d persin wey do im sista dat strong thing deserve one bag of agbado.

Crypto is one financial engagement that has the power to make or mar you...

Na honest truth be dat. Jokingly, I dey even call cryptos blood money. One single airdrop fit turn a koboless persin to millionaire in naira overnight.

[Josefjix]

....

Wetin I like for the crypto industry be say, e go humble you wel wel wey be say you go fear am next time, them no dey tell person for inside crypto, na you go learn lessons, so that next time, you go dey careful when you wan carry big money wan come invest for crypto. If this guy get love for crypto, na now we go know, if she come back for more crypto knowledge, we go know say she wan do well next time.  But her stubborness no go gree her wan study more.

Maybe na her stubbornness and my mind dey tell me say she enter the wrong hand, person wey suppose guide her no put her through the way she fit understand much better.

Women dey gree learn? their busy body go gree make them listen? to me na all these investments platforms wey dey use crypto participate, those investment get different categories wey you go subscribe to depending on the amount and profits them go promise you. If you subscribe to Gold, Platinum, silver.

To me, na this kind of investments she join wey be say, once you deposit to the platform, your money don vanish automatically which will be left with unreal money reflecting on your balance, na this fake money you'll be able to use for different categories of investments, after all your profits, you no go fit withdraw any of them, them go still whine you to deposit more before you fit withdraw and so and so.

[Y3shot]

His assertion is hasty and demonstrates a lack of knowledge about cryptocurrency trading. Most traders, particularly novices, do not seek guidance before investing in cryptocurrency. Some coins introduced into the cryptocurrency market may become deadcoins, causing investors to lose money. This is always the source of people's anxiety about cryptocurrency. There is always a need for due diligence before investing to reduce risk. Traders should also be prepared to lose money because anything that brings profits can also bring losses. 

Some people are so quick in investing in coins they feel it can be profitable without making proper research to know the potential of what they want to go into. The truth is that majority of people who invest in scam coin was as result of ignorant just to make money quick and the set of people invest so much money expecting that there will be good returns for them. Shitcoins are very risky and if one have any interest to invest one it should just be with money that they can afford, thst even if it get lose they won't feel bad about it.

[SmartCharpa]

....

Wetin I like for the crypto industry be say, e go humble you wel wel wey be say you go fear am next time, them no dey tell person for inside crypto, na you go learn lessons, so that next time, you go dey careful when you wan carry big money wan come invest for crypto. If this guy get love for crypto, na now we go know, if she come back for more crypto knowledge, we go know say she wan do well next time.  But her stubborness no go gree her wan study more.

Maybe na her stubbornness and my mind dey tell me say she enter the wrong hand, person wey suppose guide her no put her through the way she fit understand much better.

Women dey gree learn? their busy body go gree make them listen? to me na all these investments platforms wey dey use crypto participate, those investment get different categories wey you go subscribe to depending on the amount and profits them go promise you. If you subscribe to Gold, Platinum, silver.

Perhaps, you forgot when they say, "what a man can do, a woman can do better” maybe na waiting ginger her body go do wrong investment be that. To be honest, not all woman get that kind laziness wey go stop them from leaning, if you see the way some woman dey dedicate their time, sacrificing other things to make sure say them get good knowledge about crypto. Woman dey learn but i just dey reason am say na over sabi and I too know be her own.

To me, na this kind of investments she join wey be say, once you deposit to the platform, your money don vanish automatically which will be left with unreal money reflecting on your balance, na this fake money you'll be able to use for different categories of investments, after all your profits, you no go fit withdraw any of them, them go still whine you to deposit more before you fit withdraw and so and so.

The kind of investment you are talking about be like that kind of links one will click on before we hear about these telegram mining, if you register, they'll welcome you with some bonus and before you withdraw them, you gats to deposit some amount of money. I have no idea say dem still dey do think that stuff to scam people. This explains why knowledge dey very important in any field, no matter how smart we are.

[Cryptomultiplier]

....

Wetin I like for the crypto industry be say, e go humble you wel wel wey be say you go fear am next time, them no dey tell person for inside crypto, na you go learn lessons, so that next time, you go dey careful when you wan carry big money wan come invest for crypto. If this guy get love for crypto, na now we go know, if she come back for more crypto knowledge, we go know say she wan do well next time.  But her stubborness no go gree her wan study more.

Maybe na her stubbornness and my mind dey tell me say she enter the wrong hand, person wey suppose guide her no put her through the way she fit understand much better.

Women dey gree learn? their busy body go gree make them listen? to me na all these investments platforms wey dey use crypto participate, those investment get different categories wey you go subscribe to depending on the amount and profits them go promise you. If you subscribe to Gold, Platinum, silver.

To me, na this kind of investments she join wey be say, once you deposit to the platform, your money don vanish automatically which will be left with unreal money reflecting on your balance, na this fake money you'll be able to use for different categories of investments, after all your profits, you no go fit withdraw any of them, them go still whine you to deposit more before you fit withdraw and so and so.

See ehn, people wey join this forum dey very different and understand crypto currency better than any body out there that either learned trading on the street and somehow uses it to their benefit or learned about it from a friend or platform that now demands they invest only some particular amount of money to get huge profit.
Ignorance is a big issue when it comes to the Naija crypto market, because while some people see it as a means to launder illegal monies, others like I and you who earn from a crypto community like this, see it as a way to get paid and be if use, otherwise there won't be this much growth in the crypto world if there weren't serious persons with integrity.

Seun Kuti may be pro when it comes to the music market, but when it comes to cryptocurrency world, he  has no say because he is limited in this area of knowledge and if he gets to benefit from crypto currency, it may be an endorsement or gift that he may care less of.
Also, am sure if his father hadn't made remarkable strides in music, he would have not become a musician but rather something else and may be like us who strive to understand it better and are trying to secure earnings from it.

[Josefjix]

Also, am sure if his father hadn't made remarkable strides in music, he would have not become a musician but rather something else and may be like us who strive to understand it better and are trying to secure earnings from it.

So you are invariably saying, our children will inherit the gene of crypto in their bloodline maybe in future, they may actually become a blockchain developer or something similar. Something like this will surely occur to our children which I'm sure, they will pick an interest in crypto and blockchain career to maintain the crypto knowledge of their Dad because in Nigeria, children tends to behave and choose the way of the father. For me if my child pick up such interest, I wouldn't dispute him rather I'll pave the way for him more to reach his goal.

[CryptopreneurBrainboss]

Seun Kuti's labelling of crypto people (traders) as criminals shows that he doesn't know anything about crypto trading. If he knew that cryptocurrencies are volatile he wouldn't be blaming innocent traders for his sister's lose of 50 million naira in trading, according to him.

The sister should be blamed and not the industry because the industry no do am anything, nobody forced the sister to trade and if to say she make profits, the story for dey different now but na as she no make am now wetin come dey make the industry to be a scam for their eye. As a newbie, if you no carry open eye enter the market based on say you need to know things about the market before you put money, you go lose and when you lose no blame anybody because na you cause all the misfortune wey you they see so.

Don't go into what you don't understand but people no dey gree hear. If people continue dey think say trading na gambling, na so them go dey lose they go.

[Makus]

An adage says that what you don't know is bigger than you, if you go into a business without proper research, it is likely that you can make avoidable mistakes. Many people think that crypto trading is a get rich quick scheme because of what they hear on social media and from what people that don't have trading experiences tells them. When they lose all their money due to inexperience they will call cryptocurrency a scam. People that have not taken their time to learn about technical analysis of trading and be mentored by experienced traders are no different from gamblers who are depending on luck to make profits.

Seun Kuti's labelling of crypto people (traders) as criminals shows that he doesn't know anything about crypto trading. If he knew that cryptocurrencies are volatile he wouldn't be blaming innocent traders for his sister's lose of 50 million naira in trading, according to him.

People that are looking for where to make quick money should understand that crypto trading is not a shortcut to riches. It is a risky business that people don't need to rush into because they have heard that others are making easy money from it.

Source:  https://phoenix-browser.com/Je5rYkvfn2e

You know one funny things such persons, they think that making money via trading is just to buy and sell coin so they scout the market and pick from their instincts rather than their knowledge and the market always tends to humble such person. I hear alot of persons say " I put 200k but now na 50k I dey see for my balance, omor trading no be your mate oo" lol if only they spent some time to learn analysis and how to sight potential project or see opportunities in the market, then and only then they can get to some level of profit and be proud of what they are doing. Picking project from your instincts is no different from gambling which is, the outcome of your trade depends on luck which is a dangerous thing to do.