Sadly I regret to see alt movements, it's become very hard to understand. Because when a dump happens on Bitcoin price then we encounter an immediate action in major altcoins. Alts just follow the Bitcoin trend. But surprisingly when BTC recovers after a dump, then alts aren't following bitcoin trends but still dumping more. I am not a tech guy, so just follow the trend. But seems the trend also missing lately due to alt behavior. If always happen like that then most likely I will have to lose my portfolio again like last bull in 2017.
You know already that bitcoin controls the market flow. When bitcoin bull after some time , altcoins will grow in green and the bear happens the same way. But your concern is the recovering of bitcoin does not show same for altcoins. This is not all altcoins. Top altcoins will manage to stable again, and low profile altcoins may not drive back to the point where it was because it is just a hype and pump coin, no strong team. Next time you need strong altcoins to invest. |
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now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
It is my view likewise. A wise trader takes out profit now as the volatility starts to reduce. Waiting till 2024 is a long time if you are not a crypto investors except you do it on temporal. But keeping an investment now on low priced altcoins now will double your $10000 capital instead of exiting till 2024. |
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Well, there's good in every bad, but it seems to me the only good thing about this ban is that it further proves how badly the Nigerian people really need Bitcoin or freedom. This action of the Nigerian government shows how it doesn't want its citizens gain real freedom. It clearly shows how it badly wants to keep the people's shackles tight and intact, for easy control more than anything else.
Also synonymous to most government. We know how many government is kicking against bitcoin, like China, India etc. So not only Nigeria. Bitcoin has been on this challenge for some countries 1. Regulation
Which is synonymous to an attempt to control.
Not as such or total. We are yet to see a total regulation of bitcoin from any country because bitcoin is decentralized. In Nigeria, the government can only talk about regulating cryptocurrency accounts tied to the banks as that is even where the ban is facing at the moment. 2. The news has created more publicity for bitcoin
Well, bad publicity is still publicity. However, is the headline Nigeria Bans Bitcoin better or particularly worth attractive for discussions than Nigeria Legalizes Bitcoin?
When ever it is officially legalized, you will get the information here on the forum.  3. People will now believe
On the contrary, the government's ban only reinforces the traditional views, the uninformed criticisms, the ignorant commentaries, and so forth against Bitcoin. With this government action, it seems the final verdict has been handed down and it unfortunately sides with those who are wrong.
You seem not to understand this point. Sorry, what this point is saying here is if the government rescind the decision announced/ regulation the bank policy, it automatically means that more people will believe to invest. They will become new converts. |
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Cryptocurrency has no place in their system was the statement given right which means they don't want their people to get such freedom so now the decision is on the hands of people whether they want their useless paper Money which will become valueless in next few years or want cryptocurrency which will be valued 100x times in the next few years.
This is the initial government struggle for supremacy. Government of Nigeria will later come back to thereself and follow the growing nations. There are different opinion already from CBN and SEC , these are all government agencies. They are having different views within their house and the masses keep using P2P while the government is missing funds that would come to the banks as charge. China tried to stop it but couldn't, so Nigeria won't be able to stop a global business. |
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We know that there are always two sides to a coin. I came to the reality that the decision of the Nigerian government is just a step to another good story to bitcoin adoption in Nigeria and more to the world.
See the reasons I believe will create more adoption
1. Regulation: Now that the SEC is talking tough, the government and senate may come with regulation in the Nigerian space anytime. If there is regulation to this effect, expect more investors because it means it has officially been legalized as many fear it wasn't a legal means of investment and earning before now.
2. The news has created more publicity for bitcoin : If you are a Nigerian, you can see that more people are beginning to discuss the ban while others who don't know about bitcoin, they try to bring up a discussion of "what the government banned". This set of people that don't know about it but want to hear a discuss about it, they want to learn. They might have heard it before the ban or not but now that it is in public arena, they want to be tutored more. These are people who don't want to learn, people who only see it as what existed online, they will be the new converts
3. People will now believe: Coming back to the regulation, this will be a strong support for cryptocurrency. In Nigeria, those who are not into crypto always go out criticizing it. They believe is a waste of money as they can't see it physically. Despite Nigeria being the second spot in the use of bitcoin, we still have large population of people who are still traditional, parents discourage their kids, friends and relatives against. Many still discuss it as ponzi as they are still traditional.
So, regulation creates more awareness because it was in the news. That means the adoption will increase when it is resolved
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when the price goes down they trust it less.
This is the time that you start getting the good and support vibes for bitcoin when it is getting bull but it gets all the bad vibes when it starts returning back and that is the big question. Investors need to know it has to drop too at a point. |
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Crypto market too big to ignore, says Nigeria SEC
Crypto traders in Nigeria simply moved from the banks to P2P. The Nigerian government is losing money daily for that irrational decision it took. I think the decision didn't really have any effect on the Nigerian crypto community, with P2P all seem normal. This means the reversal is just by the finger tip. The youth are carrying on with their business, selling through the P2P. The Nigerian and India situation is really telling who cares to listen that cryptocurrency has come to stay. |
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I thank you manager for picking me for this job with you, I have been accepted in another. Please give my spot to another worthy user. Thanks.
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Change you're mindset and things would start working from out for you. Nobody have missed the bitcoin opportunity yet. If you're currently in the industry now it means you saw the opportunity early because we're yet to see the full potential of bitcoin
And now is another time presenting for many who make such comment to miss the highly profitable coin, bitcoin. There is dropping going on, bitcoin is back to $46+++ and maybe it may come down more. You need a comfortable area to catch the full potential of bitcoin, you don't need too much complain but take a move. Speculation are on that bitcoin will get to high of $100,000 this year so do your research and be the owner of your decision. |
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Crypto market too big to ignore, says Nigeria SEC
Respite will soon come for the Nigerian crypto community as the Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country. Part of the desire of the SEC even in the future is to provide a regulatory framework that will take care of all these challenges that we have seen internationally and the entire world is grappling with in terms of cryptocurrency and digital assets. For us at SEC and capital market, it is something to look at, the world cannot be moving forward and we will be static, no.   both the SEC and the Central Bank of Nigeria will work collaboratively on devising a concrete regulatory framework for cryptos in Nigeria. Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country. several stakeholders called on regulators to pursue more nuanced laws rather than outright bans. the commission’s registration, exchanges, market infrastructure, and innovation head, regulators in Nigeria cannot afford to ignore the $1.74 trillion crypto market. Also, crypto exchanges in Nigeria were adhering to Know Your Customer best practices which included the bank verification number, or BVN, authentication. All these are very good points are reasons enough that the Nigerian government is going to make a U-turn on the decision in the ban of cryptocurrency. I read that the Senate has also called those concern to resolve it. The economy obviously need inflow of capital, the youths are benefiting and persons in government too invest in cryptocurrency and bitcoin, so they won't allow such policy to come down on their business also. I believe is a lost battle already. You can check here
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Love is what we exercise everyday and every month, I don't believe in Valentine gifts but I know vividly that some person's values such gifts from lover since is directly called val gift, but such gift doesn't speeches or guarantee love, what is love is our daily caring and daily behaviour towards one another weather extended person from our relative's, I wonder while people is still celebrating val....even ask people to give you simple definition of Valentine, many will refer it as a process of having an affairs with woman or man, while the content of Valentine is a sacrifice and a thing of heart, our objectives or mindset towards Valentine out of the world is giving another definition of Valentine with another practical example's of love. Which wrong.
Funny what people do at times like that called Valentine's day. Everyday is suppose to be a day to show love to one another which is suppose to be the meaning of that Valentine because is to show sacrifice and putting someone else before you. This is how the world can be better and not to wait for a day called February 14th as Valentine day (that makes such love fake ) We need to sacrifice more to people at every moment. Even the bible said it that it is better to be a giver than a receiver because better rewards awaits the giver. So we don't wait for a particular day to give, if we wait for it, we are not giving sacrificially because it is all planned up. Bringing in the government, they don't have to be selfish on there dealings, allocations and appointment. They need to move away from nepotism, religious and family affiliations, and not always thinking of bribes to collect from contractors before contracts are awarded. If we keep being selfish, then what is the need of lovers day? |
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It is no secret that India is currently leading P2P among emerging markets or countries traded bitcoin in a restricted environment. Countries as India, Ghana, the Philippines, Argentina, Mexico and Egypt are all relying majorly on peer-to-peer, my thought therefore is that with the ban from open dealings and transactions from bitcoin in Nigerian banks , Nigeria may overtake the India record of leading the P2P emerging market in a year or two.
One reason to point to this is the Nigerian crypto population which showed in Nigeria position as number two in bitcoin market.
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You have worked hard to get your hands on that money. You have $16,000 and that is big and enough to help you change your life and become financially better in the future, about 5 years and above to come. You need to be careful.
My suggestion for you is this way
1. Always don't put your investment in one area
2. Be sure to invest what you can take the shock when it goes bad, so it means you have to be sure you want to do the investment.
3. Remove $2,000 from your $16,000 and you have $14,000. Use the $2,000 for yourself, feeding and upkeep. And you have $14,000 to invest.
4. Split your $14_000 into two, that is $7,000 on each part.
5. Invest one part in real life business and that means you can be having income on daily bases or intervals depending on the investment and you can still sustain your life with this real life business.
6. Invest the second part ($7,000) on cryptocurrency. I will further suggest to you here to forget about top crypto coins. Search for any altcoin listed in high profile exchanges like binance invest on a long time (maybe 5 years from now)
You can search for altcoins that have active team, this is very important. I can suggest cartesi if you desire but don't invest in just a coin. At least 5 different coins above, remember not to put all your investment in one area.
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and I want to see how 2021 becomes a big dilemma for Nigeria. will it be the advantage that continues to lead the adoption or will it diminish. reduced not because of the interest of its users, but because of the policy that has caused some users to be forced to stop cryptocurrency transactions. so how long this polemic will continue not to be realized. Nigeria has potential for the future, and is facing serious obstacles.
I guessing that the statistic will drop against Nigerian. Of course you don't expect to put heavy something on what has no good foundation and expect it to stand. As far the Nigerian government started frozen cryptocurrency related accounts, investors will run off to diverse means to survive in same crypto business or its kind. Therefore, if the channels are no longer traceable, no accurate records will show up because the government also can not account for the finance previously generated from such means. The records may now change into the area of Nigeria as highest P2P user. |
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 Oh....This Nigeria  , you want to bring yourself into retrogression Nigeria, you don't want to join the crypto progressives  You have left your business of human development but create confusion  in the minds of your subjects. Nigeria, with Shenanigans in government The youth only left with promises, told of being the leaders of tomorrow. All promises in valley rift. Nigeria, you keep cutting off the promises of tomorrow You shut the youth off from cryptocurrency, the tomorrow we know Nigeria, with the second position in the bitcoin marketBut you never care for tomorrow Institutional investors are looking into different crannies to invest but you shutting your windows The blues of the Nigerian song, is turning into sadness in the faces of the Nigerian crypto enthusiasts
The dreams of the youth, cascading into flowing rivers of oblivion.Alas... Where lays the hope The marriage of Nigerian crypto community and P2P is our succour. |
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and hopefully I'll catch some of you in one of my other campaigns.
I thank Hhampuz and NakitCoins for the one week stay. Also hope to work with you. Payment was received. |
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1. If it is that easy, why doesn’t he do it himself?
2. Why does he need my account?
3. Why doesn’t he make his family, friends, and everyone he knows rich?
4. What makes me so special that he needs my help and my account? Unfortunately enough that these are questions that we all know that is reasonable to ask but at the point the victim is about to be scammed, he or she doesn't bother to ask. Such questions don't find their place in their heart because of greed. Greed is the major reason we get scammed. The scammer provides juicy offers and you dive into it because you see a big gain but at the end, the table will turn against the victim while the scammer has exited. If we can take a way greed, then scammers won't have anybody to scam. |
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This year's Valentine's Day coincides with the Lunar New Year of my country. It gives couples more time to express their feelings. It's great to see that Bitcoin has also broken out of the $ 48k threshold and hopefully it continues to move forward. A Valentine's Day with many memories  I think that this years Valentine and Chinese new year came together to fire bitcoin up. Unlike before though, the price of bitcoin was green today and some other coins. This means withdrawal didn't happen because of travel restrictions in China as a result of covid-19 and that caused people to hodl more and not to cash out. |
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