Investing in ripple now for me is going to be a risky move, I want to see the pump as a temporal ride happening because of the altcoins bull. Stepping away for the main time from ripple till it has a proper resolution of the case will be a much better. Waiting for official reason for the bull though.

The adoption is increasing because of institutional traders and that has made bitcoin dominance to also shoot up but talking regarding fee less transaction as op has started, I don't see it happening that miners won't get any  kind of fee from transactions. I also have seen a high rate of transaction fee and also delayed processing maybe because of bitcoin volatility.

Yes the lawyers have gone to court on the government policy on cryptocurrency. I'm sure the Nigerian lawyers will not rest from dragging the government to different courts. Certainly also the frozen accounts and the fiat in it will be part of the justice that the lawyers will present to the court. The affected people I believe will get there money after sometime because it is about natural conscience.

You have the reason that make investors to prefer already established coin that the parameters are clear with developers still on ground. Many investors will never put money on new project yet to be listed or in low level exchange. In fact some only buy coins in binance.


Likewise too I believe many coins that are cheap today will also grow high like the big coins today. It depends on the strength of our research and the sincereness of the team pushing out the project because a lot fall or scam investors but you are lucky to be successful in your choice

Excluding the two big coins, I want to add that cartesi can be a good one to join. They have been having steady publications which means they keep spreading there wings to capture the market with its large supply. It has also joined the altcoin bull too. It has moved from around 0.04 to 0.20+ and that is good profit margin within the time of the altcoin bull.

I think that the most factor for this bull is bitcoin bull. It is natural thing that from many years ago we have seen it .So any altcoin that is still not bull now still has the capacity to bull very soon if it has use case and good team players.

That is being wise if he said that. It is a means of diversification and that is good. We should learn not to throw in all we have into a coin. We have to make our wallet rich with other coins and if our plans go wrong in one project, we can start up with another instead of losing all our savings to one project.

To add to this also , the supply of the coin too will be a factor to consider. I notice this that a coin that has low supply and good use case usually make high demands. This is not always the case though because some coins are in billion yet growing fast, this depends on the team.

This post may be better in the bitcoin section because this is suppose to be for altcoins.


$45,000 looking like a strong hold and price has stayed up there between $46 and $47,000. Bitcoin is doing great and may shock all to start a run to $50,000 and above to $55k this month.

I understand what you are trying to say but the context that you are making your analogy is not very appropriate. No doubt that money is good and it helps to enjoy life on earth but money is not the boss because it can't get you all the things you want on eat here. I will make a list for you on certain things that money can get for you.

1. Happiness : You can have all the money on earth but still unhappy. You are unhappy because there are certain more things you can't get with the plenty of money you have worked for.

2. Life: Your money can't buy you life when your time is up to die. You may be prolonging it by having access to good medical treatment that a poor person may not get to but that is because is not time for you to die. Your cells and organs are still responding to treatment but when they are no longer responding, your money can't induce them anymore.

You have heard that the love for money is evil.

This is a nice suggestion but the capacity to do is not only finance. You need many amenities including enabling environment to do so. In other on this, the government need to come in and support individuals indirectly by providing the environment that includes good roads, electricity and loan. This amenities are important for beginners in business and for government to reduce tax too for small businesses. This is how the world economy can bounce back but if support from government, it will be a hard but even when the individual have the capacity.

The activities of the bank and government will definitely affect the youths and the Nigerian economy. It is a wrong step by the Nigerian government.

It is going to push the economy backwards by at least 20 steps backward. The reason that it have huge set back is that institutions who would have wanted to transact or build products in Nigeria because of easy payment system with PayPal and bitcoin will not do so any more. Youths that are contributing by trading and making money that still goes back to do economy inform of capital projects, feeding of families, gift to friends and trying to introduce more friends, all will seize to happen. It is a wrong selfish move.

Bitcoin now is under sabotage and critism by the government. The period of this critsm was during the 2017 when bitcoin made a huge bull from less than $1,000 to $20,000 dollars and that volatility caused many skeptics to lose money and now with the current bull, the fear is still hiding within the minds especially those in government. The government is trying to regulate the operation of bitcoin with the excuse of protecting their citizens from investing in an "unregulated" business. But the institutional investors are the the engine and driving force to the bitcoin of now.

So are you going to wait for things to get in repairable before you make good plans for yourself? You are not in this world to know that situations are not like they were 20 years back. Politics have spoilt the economic system and selfishness is everywhere. You better have to invest your money in a nice vplace and not wait for your government. As to dollar and other fiat alike, don't wait for the announcement of their collapse because you won't hear that. Be moderate in your investment, cryptocurrency is fast growing too.

This is rather a confusing statement and reading post here, I think any others are confused too. From that above about stock market, how will both rich and poor not pay same fees in their transaction or stock market dealings? Are you not talking of shares because that is where I'm taking it from. A companies share for instance is priced at same price for rich and poor , so the fees for or charge ain't the same you mean? to pay for the broker? I think it should not have any difference except you explain more what you mean.

It depends on you government to decide to make it legal or to at least regulate it but I don't really expect that the citizen can do much about it when the government decide not to. If it is taken to court, the constitution will be consider if cryptocurrency was made legal as means of your payment system. Except that your constitution will be amended and include it.

Meanwile, You can check on google by yourself on the countries where bitcoin is legal. I searched for this below, copied from google.

1. Japan
2. United States
3. Germany
4. France
5. Malta
6. Canada
7. Belarus
8. Holland
9. Vietnam
10. Singapore
11. Thailand
12. India
13. Russia

Edited India, thanks @ CryptocurencyKing

This is the point also bitcoin is not a central focused blockchain that should be getting others from one central body or miners would be required to take permission generally or to accept transactions or that fees are going to be fixed and remain stable by the decision of the NYC or US government. No, bitcoin or cryptocurrency is not restricted to any of that so I don't see the pur of NYC attaining the hub of bitcoin even if it has the largest ATM location.

We may not see same thing happening in festival times when price will drop because investors call out investment and convert to fiat for travels to enjoy with families. Now you know covid-19 is a big barrier to travelling. The restrictions placed by government because of covid-19 will discourage people from traveling and when they stay at home, they don't go selling off there hodling and price remains the way it is or appreciate which was not the same as before during festive period. Like in China that are having new year in 14th, the government of China is restricting people from traveling. This means price may not drop to our usual expectation.

This is a plus to the people there. This signal a support to bitcoin if a government is investing into bitcoin. Such will increase the bitcoin interest a lot and help the youth over there to invest and trade bitcoin too. Youths are the economic power of a country because of their zeal and strength. The GDP is expected to increase both from the government and the youth investment participation.

As far cryptocurrency is concern , there can only be a total loss when the coin is delisted from the exchange but when the coin and team are still existing, the coin will eventually get you back to your entering journey for you to get out, depending on the time   You may be feeling mistaken now just because the bull of bitcoin @ $47k + is giving you a profit you don't have but be patient. You remember in the bitcoin example in 2017 as investors bought late at $19,000 / + and bitcoin crashed down to $4,000 till last year it was down in March. At the the down time, many sold at loss in anger but what is bitcoin price after the crashed : ANSWER IS $47,419. Therefore to this, your decision may be a blessing in your future.