I love the fact that you don't believe the rumour but nothing should be taken for granted, remember smoke no dey just dey somewhere wey fire no dey. If the rumours keep popping up then we should keep our guard up because anything fit sup at any minute. Me I dey use fintech banks very well and I dey put better money inside and dey even use them dey do many transactions but I know the risk involved although opay looks unlikely to go anywhere. Recently self dey just open physical presence for the country and plan to do more in other states.

Dem go dun see people worries for the net before dem do this one. Yes dem be fintech but you're in a country with bad history with companies without physical presence in the country so to avoid doubts do the needful and create a physical presence. Nigerians are right to worry as this country things get swept under the rug very quickly. When things go bad na only talk we go dey hear without people money been refunded. Even our traditional banks can't cover all the money you have with them if things go south talk more of fintech. Abeg na Nigeria we dey so no go put more than you can afford to lose for those fintech especially the ones wey no get better popularity. Highest wey the government go do na to arrest the owners of the fintech if them go bankrupt because of hack or exist scam so make we protect ourselves abeg.

Let me concentrate on the risk since alot of users will be looking for feedback on this side of the discussion. You might see those things to be disadvantages but they're aren't so bad. Example, the volatility of the price of Bitcoin isn't entirely bad when you understand it and know how to take advantage of it. While you get scared when Bitcoin prices drops others that are smart and wise sees it as an opportunity to increase their stash or make more profits by selling (buy low, sell higher). Mind you, you don't lose if you don't sell. The volatility only affect you when you're after the short gains but those hodling for long term don't get distracted by the volatility of the market.


It's just a matter of time before that narrative changes, the population that could use Bitcoin frequently in the past can't be compared to the present because more vendors and merchants are accepting Bitcoin and this number will keep increasing. Fiats of other countries aren't generally acceptable by all too and other digital currencies so this isn't only a Bitcoin problem.


With great power (decentralization) comes great responsibility (been in control of your finances). If you're careful you won't suffer any of this problem. Keep you coins stored off exchange, in open source non constodial wallets and keep your sensitive wallets information off the net and in places that evil doers can get hold off and you're good.

Go and get a job buddy, Bitcoin isn't a poverty elimination program and the idea of investing in Bitcoin stopping poverty has to end. Poverty is a mentality, you can get all the money in the world and you'll still go bankrupt and broke in few days, years times or even month depending on the amount of money you had. What you need first is to get a good paying job and if your sister is eligible to work she can get hers too. When you have steady income a lot of things become easier to do. You can invest in Bitcoin better as you can DCA whenever you receive your salary.

Bitcoin has made investing very accessible but this has its pros and cons so you should be extremely cautious of the decisions you take so you don't end up regretting them. Learn a skills and use that skills to get paid in Bitcoin is another way you can accumulate Bitcoin if you don't want to be buying manually after receiving payment for a service your offer or from your job. Don't depend only on the profits you can get from Bitcoin because tp receive high profits you need to allow your investments to mature for sometimes which is what you won't have available when depending totally on the profits you get from investing in Bitcoin.

Well, your friend had the right Ideas but wasn't security careful. After writing out your sensitive information like private key, seed phrase, the next step would be to secure that information very well so it doesn't get into a third party hands. Another thing you friend did wrong was using a closed source wallet. Alot of users are getting introduced to the industry wrongly because of the huge presence of centralized service providers like Exchange, and wallet owned by this CEX.

Trust wallet although it's comfortably to used, isn't the most recommended wallet to use as the affair of the wallet isn't fully decentralized. Bitcoin gives the power of your finances into your hands and not having an intermediate as we do with our local fiats so you're responsible for your money. With this responsibility you should take the security of your money very serious. We have to ensure there are multiple security measures to the protection of our Bitcoin and one of the ways of ensuring hackers don't get access to them is to use a non constodial wallet and store our information off the net.

Using a hardware wallet is the most recommended way of storing Bitcoin but that doesn't mean you can't use a good recommended online wallets on an air gapped device. What matters most is how good you store your seed phrase and keep your device clean off viruses and malwares.

Technically when you buy and hodl Bitcoin you're going to make profits if you can have some patience with your investments. Nobody had bought had held Bitcoin and regretted it. The only time you'll regret is when you sell due to fear of the market crashing. Bitcoin has it's time when the market is red and when you sell during this time, you'll be at lost it isn't like by hodling Bitcoin that you're going to lose, no you only lose when you sell so don't sell but keep holding. People are yet to under how the financial markets works, if they do they won't be worried about the ups and down of Bitcoin price. Anything tradable has be to volatility, what just make that of Bitcoin different is because it's a new market and doesn't have many users yet compared to other financial markets.

Bitcoin can actually make you rich but it depends on the approach you take, it isn't a get rich quick assets but can make you rich when you buy and hodl. Others have done it in the past and it worked for them, yours isn't going to be different. You just have to know that the ride isn't all going to be smooth all through. There'll be rough times that your patience will be tested and only those who had diamond hands will be rewarded at the end of the journey.

People are too optimistic about Bitcoin because of the way the moon boys advertise it on social media platforms like YouTube. This is the reason we have many weak hands in the markets that sells at any negative news they see because they came into the market due to the hype they saw on social media without understanding how things work over here. They just think it's going to be a smooth ride up but that's not how it works.

Survey can be taken as that na one way to use know who get or no get interest for the industry also the local exchange dem in the country can be consulted to get data for analysis and this information will be review which state get the numbers (that's if the exchange dey request for that information when signing up). We no fit use internationally exchanges to determine which state get the highest cryptocurrency adoption but the use of location cryptocurrency related service can give us that information.

We get some crypto platforms wey dey offer services for this country and dem fit give us updates on which states dem dey get the most customers pass but from my own little experience without anything backing it but just observation, I go talk say na Lagos first then followed by port Harcourt. The forum isn't a good source to verify which state has the most cryptocurrency or Bitcoin adoption because for say person dey here no mean say him dun adoption cryptocurrency or Bitcoin and they use am.

E get people self wey dey here and then no even know anything for Bitcoin. There funds dey go exchange direct and them dey exchange to Naira ASAP. Event no be also a good way to monitor as audiences can be bought, some people wey dey attend no know anything about the industry but wan learn so you can't call those people adopters yet beside na state wey get population and dey peaceful go come out go all those events then as some states aren't safe for those types of gathering.

Why didn't the Enaira become a success in the country if you think say Nigerian go leave Naira go dey use the stablecoin. The citizens of the country no trust the governments so dem no go accept anything wey dem bring. Nothing wey dey governments related works in the country and people dun dey notice am that's why they're advocating for privatising, school no dey work, hospital no dey work, projects lack maintenance and with all this things going on Nigerians no trust the governments to use their things.

We dey even support oyinbo tings pass our own and that's why the government always use oyinbo companies dey run things to give us some sense of acceptance for the country. Issuing of stablecoin is vey possible, a stablecoin is more successful when it's centralized judging from the stablecoins we have seen so far in the market. Check all the stablecoins wey dey do very well for the cryptocurrency market, dem dey centralized or more centralized features than decentralized ones so why you think say e no go work for  Nigerian.

With a centralized stablecoin, the government will be more in control as dem fit track all the transactions wey you dey do with a click of the button unlike paper money we dey untraceable. Stablecoin gives the government control so no think say they won't be looking into the Idea but the thing na say we no get the capacity to maintain things for the country if not Enaira would had been a start for something similar to stablecoin.

The banks can't help you to get rich, they aren't there for providing financial opportunity but for managing your money. The banks are enriching themselves with our money because they understand the power of money and those would know how to attract money gets more richer and the banks are very good at attracting money because they promise their customers of their funds been saved with them then they use this funds for their business and generate profit without owning any money.

I still use bank because we aren't that advanced in my country to be able to use cryptocurrency to pay for everything in my country. I don't use the traditional banks though because they're a pain in the ass but I make use of microfinance banks who are more up todate with latest technology to make baking more better


I combine both and I believe that's the best way to go about this, fiats is still king and it's always good to hold some cash as it can help in times of crisis. Currently there's money scarcity in my country because it's tje festive season and imagine not holding cash this period that things get over expensive and bank network is also getting congested because of alot of people using the network. I don't have a problem with hackers stealing my coins, if we followed the right guidelines we won't fall victim to scams. Make use of Non constodial wallets and don't expose our sensitive information to the public or store our keys online. Differential your savings from your spending account and you can use separate wallets for this if you're spending directly with Bitcoin.

It's a universal fact that we don't stop learning until we die so anytime we stop learning that's when we die and it doesn't matter if we're still breathing. Having a fixed mindset means you have stopped learning, developing and you're as good as deed so it's a very wrong mindset to have. This life we live is always changing, somethings that were correct in the past mightn't be as correct as they were or won't be correct at all anymore. A typical example is the philosophy that the earth is flat but was later discovered it isn't flat. If the explorer as of then all had fixed mindset and didn't explore further we won't have discovered that so having a progressive mindset which isn't fixed is better than a fixed one.


I had this adjustment few weeks ago, my colleague was of the opinion that nothing can be achieved in our comfort zone but I disagree with that. Whereas living your comfort zone is the message been passed out to become successful (which isn't wrong) but some people have achieved success while been in their comfort zone. Seeking for comfort has been the motivation behind some of the invention in the world so it isn't always about leaving your comfort zone but can you survive outside that zone. Make yourself productive even when you're in your comfort zone and you can still achieve success. Remember the grass mightn't be greener at the other end, you could have watered your own grass and it gets greener without having the move (leaving your comfort zone).

I need you to understand that cryptocurrency is just money on the Blockchain, it still posses all the quality of money excluding the fact that it isn't physical like fiats are. The average person still won't have access to the cashflow that you're taking about because even with cryptocurrency you still need collaterals to get access to loans (you still need money to get money). The only difference with cryptocurrency is that it becomes easier to get access to cash if you meet the criteria of the sites offering the service. Cryptocurrency platforms doesn't discriminate but you have to pass their kyc verification so if you weren't a qualified users to receive support of cash for your project you still won't receive it with cryptocurrency.


Cryptocurrency has limitations too, Bitcon doesn't have limitations as it's decentralized but some cryptocurrency that aren't decentralized can't promise you it won't have restrictions. The average man is at disadvantage at all scenario involving both fiats and cryptocurrency when it comes to getting financial help because both institutions will want to make profits so they'll only offer their service to people that can payback their money and their interest. The only difference is that cryptocurrency doesn't restrict their services to only the elite like fiats due but they both will prioritize who has more money.

Don't question your parents, they did everything they could to get you where you are today, who knows what they would have scarified to get you the education you had or the life you had to make you the person you are today. She might be wrong in what she tell you to do but don't challenge her to her front, if the truck is bad take it for repairs yourself without letting her know. At time it could be that she knows the truck is bad but her way of telling you to repair it, is to tell you to drive it. Parents don't like giving information directly, they speak in parable and expect you to understand them.

She needs you to work for the money, at least she understands the power of money. Money is very important in the society and when you have it you have solved most of your problems. Do you know what it means not to have money problem, when you have money to not worry about those problems, it gives you more opportunity to concentrate and solve other non money related problems. She's right telling you to go look for the money because you should have been the one taking care of her at this age and not her still sufferings for you to feed.

She has done her part as a mother, it's your turn to do her the flavours of making her life worth living so if that discomfort you, you shouldn't mind but still do. You'll be getting more blessings for taking good care of your mother and providing her needs for her. Keep your fears aside provided you aren't going to get yourself killed, go all out for your mum.

How? We're not up to 500 active Nigerians on the forum but Nigeria has millions of unemployed youths and people with high ranking accounts to receive some decent payment aren't even up to a large number on the forum, how then is Bitcointalk creating wealth for the youths. If you said Bitcoin or the cryptocurrency industry in general is creating wealth for the Nigerian youths, that's understandable because it's happening frequently but Bitcointalk, that's just a mthy. Mind you not every Nigerian on the forum is a youth because from my interacting with them some of the users here are advance married people with kids. Topics like this gives out a wrong and misinterpretation of the Nigerian community and if things aren't straighten up, it would look like we Nigerians are only using the forum as a poverty elimination program which will be a false statement.

We aren't different from other countries on the forum and our aim here is to seek for information like others which we can't get elsewhere due to the misinformation on the internet. We didn't come here to eliminate our poverty through the forum but through Bitcoin investment and our involvement in the forum helps us like others to stay up to date with the latest development of the industry. You can see Nigerians are contributing their part effectively with quality conversations to the forum, don't come here to paint the whole country in a wrong way like we can't make a living outside the forum.

The forum is playing it's own part but alot of us has other things doing that generate income for us. Mind you, you can't just come to the forum and start earning, you have to work your way up with quality and if Nigerian are doing that and getting rewarded that's a positive sign but nevertheless the forum shouldn't be considered an employment platform because just as mixers are going from the forum by the end of the year, signature too can be stopped at any time.

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👉 We still have OPEN SLOTs for tier E for all ranks, drop your application below if you're willing to accept the payrate.
👉 If you have a red tag, neutral tag for spamming don't bother applying.
👉 If you have an inactive account don't bother applying (first 1/2 page of post history still has posts from previous months).
👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment.

👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response.

Immediately you're accepted, you can begin work for the week, do have a wonderful weekdays ahead.

No risk no reward but this shouldn't be about taking uncalculated risk. Because it's a no risk no reward game doesn't mean you should blindly invest into something that has no value . Choosing between altcoins and Bitcoin, you have to go for Bitcoin because Bitcoin is a guarantee investment. It has calculated risk because you can't lose when you invest and hodl but altcoins are no guaranteed investment. There's no altcoins that anyone can boldly tell you to invest into and you won't lose irrespective of the market conditions and it turns out to be correct. All they're doing when investing in altcoins are just guessing or if I was to use a more appropriate word I'll say gambling.

Instead for going for uncalculated risk (investing in altcoins) go for calculated risk (investing in Bitcoin). The rewards might be more in an uncalculated risk investment but the security of your investments isn't guaranteed and that's one aspect of investment that we don't put into consideration which is why many Investors are losing money regularly to the market because they're choosing uncalculated risk investment.

All I can say is that, just like in the real world it isn't everything that people hear that they'll take seriously or will I say, not everyone that hears a warning will take it serious. The message has been passed and it's left for those would will take it serious to take it and be saved. Just as we have been warning people against leaving their Bitcoin on exchanges but some people aren't listening and every time an exchange goes down, we still have members of the forum that are been affected or as we have been preaching against using constodial wallets but people are still neglecting our advice and they'll keep regretting not taking our advice serious.

We'll always have people who'll be losing their Bitcoin just as we have those losing their fiats currency to scammers or due to their carelessness. You just have to make sure you aren't among those people because unlike fiats, losing Bitcoin can be devastating as each time the price of Bitcoin goes up, you'll keep remembering how much you would have made it you still had your Bitcoin and it'll keeps tormenting you, same thing goes when you sell instead of hodling.

Apart from investing only what you can risk to lose, this is why you don't put all your eggs in one basket, hardware wallets should be use for storing our Bitcoin definitely but you shouldn't use the same wallet that you use for hodling for your daily transaction if you're very active in the market and not just a hodler. When you do this you don't risk losing all your Bitcoin if the wallet get compromised with the scenarios you have given. I still fully recommend using a wallets like electrum for your daily transaction irrespective of it been an online wallet while we keep our Bitcoin we allocated for hodling in a hardware wallet to be touch once in a while.

MK4 has hit the nail on the head, no matter what we do we can't be 100% safe so we should always take extra precautions to keep our Bitcoin safe as the constodial of our Bitcoin is in our hands and not that of any centralized body when we use non constodial wallets.

Nigeria sabi follow oyinbo dem.even when dey no understand wetin dem dey do, me I think na because of follow follow make our governments go cut ties with Bitcoin and the banks when dem no supposed to do like dat but just to gain acceptance from the oyinbo dem wey been dey cut ties with Bitcoin na wetin make our government do that one. Bitcoin was actually doing more good than harm to the people of Nigeria so the whole cutting of ties no make sense. Regulations for make more sense as e for benefit the citizens and also the government.

Crypto companies for dun dey based in Nigeria and that one go give employment to the people and also give government revenue through taxation. When the companies wan based in Nigeria dem go need license and they pay the government tax steadily and that one for they give the country better revenue. But over sabi too dey worry us, we go cut ties when the market no do us anything and now other countries dun dey benefit wetin we support benefit.

Some mistakes dey your write up but it's an effort worth encouraging, take the corrections and better yourself but the Koko be say the government made a mistake banning banks from interacting with Bitcoin/exchange in the country. In fact the whole anti Bitcoin tactics wey the government dey play  no make sense and e no go take us go anywhere. The government need to do you turn and be more supportive of Bitcoin. Bitcoin no be their enemies and even though Bitcoin is seen as an enemies to the government, isn't it better to keep your enemies closer so you fit put eye on them?

Alot of people don't hate fiat currency, it's only the few of us that understand how worthless fiats currency are that hate fiats, give a random person you see on the road an option for them to choose between fiats and cryptocurrency and they'll choose fiats because that's what they know. Fiat is still king and people still trust in the government that's why they're still standing tall and operating. Your Bitcoin or other cryptocurrency that you own still has to be converted into flats of your country before you can use them so throwing away fiats out of the window isn't an option yet.

Inflation is making fiats worthless and the government is making matters worst but just because we see the fiats we have as worthless doesn't mean others see it the same way. People are still killing themselves working tirelessly to get those fiats because they need them to live. No matter what the governments does, people will still trust in the fiats and that's the reason they're still a medium of exchanges up to this day that they're basically worthless than they were in the past years.

The best thing to do is to invest fiats in assets like Bitcoin and other valuable assets that can add value or retain the value of your fiats because keeping (saving fiats) aren't worth it anymore since fiats can be printed without limit making them not to have much significant as there's more supply coming into circulation regularly.