By interpretation from there earlier statement, I know it was banking activities with cryptocurrency that was restricted but Nigerians generalized it to be a ban affecting all class of crypto dealings but enthusiasts have since being successfully dealing in P2P.

Central bank itself can't ban cryptocurrency in Nigeria but it has to go through legislation to outlaw it through presenting it as a bill to be deliberated. Well , is a good thing that they (the central bank) has cleared the dust now. I know that further positive clarification will be made on this.

Nigeria is a big bitcoin and crypto place and a major reason for this growth is unemployment. Where there is high unemployment and poverty, the people strive to survive and the government is coming to reality with the poverty rate, they can only open up the economy through digital trading that allows everybody to be a part of for surviving on their own decision.

$69,000 at 4/20 is not that huge or big deal to hit. The price trading at $58,973 at this time , that means the difference of $10,000 within a month. Yes , it is possible to happen. All is needed is stability around $60,000 area and the deed is done. The American stimulus has been a big factor to the initial increase last year and I'm sure more lose money are coming into bitcoin investment this time.

Art the threats from countries that are seeking to ban bitcoin is with excuse that people use it for illegal dealings but this is not a reason good for talking negative about a digital asset , fiat has been used for all that too. The whole of them will eventually look at regulation in their country home, banning of cryptocurrency will only take the countries out from global businesses and that will bring them backwards.

There is just one reason for all the positive accolade for bitcoin

All you hear now about adoption, big institutions buying, social media platforms opening arms for bitcoin ads and discussions everywhere about bitcoin is that it didn't collapse during the covid-19 year, 2020.

The year known as 2020, was the litmus test for bitcoin but instead of falling, it measured huge strength and taking over the negative effect of fiat contact and turned it to its positive strength. It showed advantage on this over fiat and in fact served as measures to protect further contacts.

All the fund couldn't pull the coin down including the hard times of covid-19 year. This made the plus for bitcoin, it kept raising from strength to strength and haters don't have choice anymore.

About the use, etheruem had the opportunity during the ICO days because if ICO succeeded, it would have won large number in the cryptocurrency community as etheruem will be used as gas for all the erc20 platforms but ICO is largely a scam and projects were abandoned, so that brought the growing community down. This affected etheruem IMO. And another major challenge apart from etheruem network, the fees too increase when that of bitcoin too is high. But if etheruem fees can get low when bitcoin is high, it will push more community to etheruem. This is a major factor to the height that bnb is because when bitcoin and etheruem fees increased, bnb fee was cheaper and the use increase which pumped price of bnb.

Contrarily it did not cause any price decline in bitcoin if that is what you trying to say, price didn't drop but kept moving. During the announcement, the price was in 40's and now price is in 50's.

It didn't stop anything because there is room for P2P including exchanges like binance.

I think you have a good grasp of the thread (DISCUSSING BITCOIN / CRYPTOCURRENCY) and giving detail analysis on a television is the focus and not ban because we know that larger related regulatory sectors are against it and it is not disturbing crypto family. The fact that it is becoming a daily discussed issue like forex, stocks, derivatives or crude is bringing the birds to roost.

Not withstanding that the Central Bank of Nigerian (CBN) announced directives to banks to bring down accounts connected to cryptocurrency transaction and banning the operation , cryptocurrency is still a huge discuss. I said it that such decision was in relation to attacking those that financed the #Endsars protest because monies from cryptocurrency were used as source that helped the protest succeed to the level that it did.

But ever since the pronouncement, bitcoin has gained more awareness and before then , the wave of news about bitcoin was minimal even in Televisions

I felt really surprised and good to hear an extensive analysis of bitcoin in a high profile Nigerian television (Channels Television). The station is known to be detailed in analysis. And on there business news, they are known to be thorough in all business ramifications including stocks, bond, derivatives and commodities , forex etc.
And lately I heard them analysing bitcoin, altcoins and in fact discussing ripple law suit with SEC; which was the highest point for me as I stood up gravitating towards the television, to be sure I was hearing ripple law suit by a Nigerian and Nigerian station.. There experts really broke down almost every coin in discuss with a lot of depth. I was really wowed and felt we don't really see what these guys have seen in cryptocurrency. With that analysis, it made me see the need for huge investment as I concluded we are still in early stages of cryptocurrency.




If such analysis can go on in Nigeria, I concluded Nigerians are really investing more than those of us on the forum.

Now, to discuss bitcoin on Nigerian television should be an abomination if the government is serious about it. This is to tell you that announcement is just political. No body talk about it as a banned project but an investment opportunity 

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I think that too, it may get to next year because this year's altcoin bull is still shaking and not defined unlike 2017. Using etheruem as an example, after hitting $2,000 it dropped around $1,600 and fluctuations are leading the coin. Etheruem is the altcoin's king and bull run will follow from that track.

You are right I dropped that after reading the story but by the way. I don't think Elon musk will allow that to go away within few days if he has such title. I believe he is going to ride on that a create more hype for himself and either doge or bitcoin. He might make a related tweet that will push the price.

How realistic can it be to follow a pattern that may not be certain to repeat it self? Dont confuse yourself if you dont understand it, not to lose your money, you can stay away. Trading is not for everybody.

This is obviously not the point. At least India is referred to a third world country while US or EU is referred to a developed country, so they may not be in class of comparison. But for a third world countries, India is definitely doing well in technology in that class. Therefore if there should be comparison it should be in the class of third world countries while they look up to advanced nations.

Another newbie scam. Unfortunate that we keep getting this scam because they are all around trying to catch unsuspecting person. Most especially when a coin gets large community, it opens up room for scam. The YouTube videos we watch sometimes seem to be leading people to believe everything. Remember is only a video, take your time while investing.

He has brought a kind of publicity to himself with the hype of doge and huge buy of some coins. Of course every whale has the capacity to beam light on there self especially with the media being alive to draw up attention. Musk is relatively new but it is his time with the kind of hype around him.

Are you saying price is going to drop this way after the top was predicted by Op about a month to come? Maybe you need to come up with better clarification or if you know what level price will drop. I remember is prediction and speculation anyway.

Your economic competitor is no longer your next door neighbour but the guy in the next side of the globe. A country that wants to know how far they have grown or measure there progress level should have a check on other countries of the world. Take children in school for example with others in other countries especially in lower classes (using the catch them young slogan), you can rate the level of their learning capacity and what they are taught in their curriculum. If children in one country is still learning the basics and rudiment of mathematics and children in same class in another country is already far ahead in technology, manufacturing and building technological equipment, you should know what economic impact the future will become. What you have is what you will give. People are a function of their environment and will impact the environment in the best way they know. So is wise to give the young ones the necessary and basic knowledge required because the society and economy will be the benefactor at the long run.

You may not have the chance to get in at $50k in a near time. Bitcoin may hit another ATH faster than you think because institutional investors are not giving up. Bitcoin is becoming a global asset and many investors are throwing in money to hodl the coin.

I visited coin telegraph and was reading this new title of sort about the guy getting very popular for his followership and publicity, Elon Musk. And now, he is going to be known with a new title.

Would this bring a new kind of hype to his person and push bitcoin higher because I also know that he bought huge number of btc some time ago that fired price up.



Which are we going to address him with  

technoking and master of coin