The first Somali crypto pyramid schemes, a small one.

[Aurelian]

 

[Aurelian]

Sola is a well spoken Somali man, but he probably know what he is doing.

 

[repo]

Sola bidaar is going to bankrupt many families and lead people astray with this fake crypto stuff. There are people in there saying they are even forex traders.

 

[Kisame]

Sola is a well spoken Somali man, but he probably know what he is doing.

I invested in crypto for a small period in time back in 2021.

All of the telegram crypto chats I use to join were filled with niggas that were extremely downbad. I was honestly just gambling my pocket change meanwhile niggas were actually trying to make a living off of shit coins.

 

[Kisame]

Sola bidaar is going to bankrupt many families and lead people astray with this fake crypto stuff. There are people in there saying they are even forex traders.

"even forex traders."

Genuine question


Why do we have so many niggas getting into trading but barely any niggas becoming salesmen or going to school for finance of accounting degrees??

I've always found trading to be sus tbh. Majority of the Cadaans and Asians I know that are interested in stocks and trading literally go to school for finance degrees. These niggas aren't becoming forex traders.

Meanwhile all the Madows, somalis, and Hispanics I knew that were interested in the stock market never finished school.

I'm not even trying to hate on these niggas. I just find there approach to be sus.

Also there are multiple sales jobs that don't require a college education. So if these guys want to make money in the business sector without a degree than sales is always a decent option.

 

[Dooyo]

“Professor” Sola is a conartist with a nice, posh, professional sounding voice. Ngl, if he worked at one of those annoying isbaaro booths set up at grocery stores and the mall, I’d stop to listen to him.

 

[Aurelian]

“Professor” Sola is a conartist with a nice, posh, professional sounding voice. Ngl, if he worked at one of those annoying isbaaro booths set up at grocery stores and the mall, I’d stop to listen to him.

ikr, the guy knows how to talk, especially in Somali. Which is very dangerous for Somalis who don't understand very well what Sola is talking about.

 

[Aurelian]

I invested in crypto for a small period in time back in 2021.

All of the telegram crypto chats I use to join were filled with niggas that were extremely downbad. I was honestly just gambling my pocket change meanwhile niggas were actually trying to make a living off of shit coins.

Yes, Sola here is promoting pyramid scheme, but he sugarcoated it with warnings, but doesn't make it less of a pyramid scheme

 

[Lightshow]

Shitcoins were all the rage during the lockdown.

 

[JamalFarah]

As the diaspora disperses and social obligations to one another lessen over time with each generation, your biggest enemies become those closest to you, as simply being Somali doesn't guarantee anything. Bernie Madoff scammed his closest Jewish peoples for money—sadly, it's only natural.

Forex trading, crypto, and active trading are pushed 99% of the time by course sellers or pump-and-dumpers. Everything you need to know to be an amateur is freely available from reputable sources. If you want a career in finance, the bare minimum you can do is get a broker's license and work your way up from the bottom.

If you truly want to help the community, start an above-board, completely transparent fund—such as a specialized fund that invests specifically in the Somali economy. This, like anything valuable, requires an immense amount of work and dedication to get off the ground.