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Author Topic: Nigeria is now the No.2 bitcoin market  (Read 312 times)
fishbonez11
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December 23, 2020, 11:34:27 AM
 #41

It would be good to compare those data with those from centralized exchanges: that would give a clearer picture about this whole situation.
Anyway, not so long before some wealthy nigerian bitcoiner will ask to buy the whole country if bitcoin keeps pushing the throttle.  Grin


I didn't know that there's a lot of people who uses bitcoin on exchange comes from Nigeria I really though it would be something like China I didn't even know that they were on the list as well as the Vietnam and the Philippines. I was wondering what will be the result if they include the decentralized exchanges?

Nigerian has a lot of crypto investors they support not only Bitcoin but they also invest in different altcoin. I noticed it in early 2017 there are many Nigerian actively participating in social media just because they want to invest in crypto currency .

What do you mean by they include decentralized exchange In tracking? It's hard to track it using decentralized exchange .

I notice that also, upon checking on Crypto related social media accounts, there were lots of Nigerians engaging in the comment section. Looks like they really see the potential for Bitcoin. If the data is really true, I can say that there will be more influential people coming from Nigeria in the near future. Btw, Im surprised that phillipines belongs to top 10, there were still few people who know about crypto in my country. If more people will be aware and more knowledgeable about crypto Philippines might get a higher position.
FireBallex
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December 23, 2020, 12:10:30 PM
 #42

The Nigerian government is very smart.  Such actions will make Nigeria the richest country in Africa.  Bitcoin is the perfect reserve currency.  Those countries that create bitcoin reserves in the 21st century will receive a powerful impetus in their development.  

Between 2010 and 2019, bitcoin holders were miners and retail investors.  

Institutional investors will become bitcoin holders in 2020-2029.  Now we see the beginning of this process.

In 2029-2039 countries will be the main holders of bitcoins.  Bitcoin will be the main part of their gold and foreign exchange reserves.

It makes sense to start accumulating bitcoins now.
What's smart about this? Are you from Nigeria or you are just guessing? Ive lived in nigeria for many years and I know what's going on in that country, the government have no other way to solve people's problem, the country is in a very big debt and the only option left is for everyone to fight for themselves, it's a corrupted country, the youth of the countries have to find means of staying alive and living well, the adoption of crypto in Nigeria isn't advice by their government, it's the youths themselves that find ways and introduce others to crypto

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