Naija Novice Hangout {Newbies introduction & Orientation} Thread.

[BIT-BENDER]

Na http://bitrefill.com I dey use before ETH and recharge before the Ethereum fees come high like now. Anybody with  other options for tell us. Me sef wan know too.

The domain has been changed and updated. No longer accepting airtime recharge again I think

With waiting I don just research about the site (http://bitrefill.com), it even support more than ethereum, it support many other cryptocurrencies, and I think it still dey active.



I think the site make good sense because sey, if you wan buy recharge card, you go transfer the coin of interest from noncustodial wallet, and be credited if the transaction don successful. The amount to transfer and the address to transfer the coin will be generated, the QR code can also be used for the transfer.

Wetin be the security of the site, how safe are we, omo I no day reason all this site matter when I day reason cryptocurrency runs, especially wen the site never get levels, and even those way get levels them day fall hands, take for example PATRICIA this na reputable.
   
cryptocurrency company them even sponsor Big brother naija one certain time like that and them still go scam my guy of him Bitcoin, so I day careful with things like this,
 
but this no be to talk say na fake but I go just say make every body shine eye well.

[1715227477]

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[Charles-Tim]

<...>

For the kind service like this, I dey think bitcoin no go dey easy now unlike before, the transaction fee alone go cost. But, if accepting bitcoin over lightning network, e go make sense, the transaction fee no go cost. For the extra charges, me self no go use them when purchasing with Naija no get extra fee added.

<...>

You dey right, we need to dey careful. I go check about the site and it dey reputed. I no think they are ready to cheat. And another thing be say your coin no dey on the platform, you go still need to send the coin from your wallet to an address given on the platform for the card purchase. Although, I get your point say scam plenty for Naija, we need to be careful, as the site na still p2p where buyers and sellers go meet through the platform. Buying card using Naira na the best way for this.

[Josefjix]

Wetin be the security of the site, how safe are we, omo I no day reason all this site matter when I day reason cryptocurrency runs, especially wen the site never get levels, and even those way get levels them day fall hands, take for example PATRICIA this na reputable.
   
cryptocurrency company them even sponsor Big brother naija one certain time like that and them still go scam my guy of him Bitcoin, so I day careful with things like this,
 
but this no be to talk say na fake but I go just say make every body shine eye well.

I done really dey use the site since 2018 because Ethereum na one of my favourite altcoins, na fees make me stop to dey use the site. You fit even use this domain information verofy their credibility https://who.is/whois/bitrefill.com
Sorry for the loss of your friend, how e been take happen? Mind telling us so that others fit learn from there?

[Charles-Tim]

I done really dey use the site since 2018 because Ethereum na one of my favourite altcoins, na fees make me stop to dey use the site. You fit even use this domain information verofy their credibility https://who.is/whois/bitrefill.com

The thing be sey the site is legit, na legit site. I think the site na p2p, the address generated na the address of someone or organization wey dey sell the cards, and the the people and organizations go be Naija when Naija Naija wan buy. I don comment about this before above, but I never sure if I am correct. But, I know sey the site no go dey easy to scam, but na just a point of warning for someone to be careful.

[Charles-Tim]

Guidelines on crypto assets dey suspended but valid, says SEC

Director-general of Securities and Exchange Commission (SEC), Lamido Yuguda, yesterday, reaffirmed say the suspension of the crypto assets investment guidelines wey the agency propose last year still dey valid. For press briefing after Capital Market Committee meet for yesterday, Yuguda says the recent decision CBN made to close accounts of crypto exchanges wey dey Naija to protect the financial system from abuse don disrupt the market.

He talk say SEC’s suspension of the proposed guideline go remain valid until operators of the various crypto exchanges don have access to their accounts in Nigerian banks that CBN closed.

“SEC remains supportive of the growth of Financial Technology (Fintech). We have invested in developing a framework to support crowdfunding, investment advice, and cryptocurrencies.

https://m.guardian.ng/news/guidelines-on-crypto-assets-remained-suspended-says-sec/
I don make a thread for 'bitcoin discussion'. You can read ham using the link below.
https://bitcointalk.org/index.php?topic=5330990.new#new

[CryptopreneurBrainboss]

Na wah oh, wetin person no go see for this country wey we dey. Wetin concern us with their useless guidelines, who dey give dem hope say we dey reason wetin dem dey talk? Abegi make dem comot for road and which market dem obstruct?

The market wey don double since their useless policy come in place abi which one? The only thing der useless policy cause na bad luck to Nigeria as people lose business. Personally e affect me somehow but we no dey reason am. e also open our eyes to d better transaction model wey we get since wey be peer2peer.

If SEC like maybe dem suspend or pass their guidelines that one na their own cup of tea. For another tori doge and ripple don turn people to millionaire oh we get anyone here?

[Charles-Tim]

<...>

The reason I no like Naija be sey they go see right way, but they no go follow ham, they prefer it to be in the old way, and the old thing makes the country no move forward. I no know the side SEC dey self, although they talk good for news like na CBN dey cause ham the whole issue, and obvious, but na still politics, while they wan just be at peace. When the SEC know sey cryptocurrencies na one of the ways to improve the economy, why they no sue the CBN to try overide CBN power for court. But I think them dey go somewhere.

The only thing der useless policy cause na bad luck to Nigeria as people lose business. Personally e affect me somehow but we no dey reason am.

I think e go be one of the reasons SEC director-general, Lamido Yugud talk say the ban don dey affect market, although other valid reasons go follow.

Lamido Yuguda, the director-general of Nigeria’s Securities and Exchange Commission has said the central bank’s crypto ban has caused significant disruptions to the market.

If SEC like maybe dem suspend or pass their guidelines that one na their own cup of tea. For another tori doge and ripple don turn people to millionaire oh we get anyone here?

Na so, p2p the best while nobody fit ban bitcoin and other cryptocurrencies. Who dey dull himself go just dey there (stagnant) for Naija.

[BIT-BENDER]

Guidelines on crypto assets dey suspended but valid, says SEC

Director-general of Securities and Exchange Commission (SEC), Lamido Yuguda, yesterday, reaffirmed say the suspension of the crypto assets investment guidelines wey the agency propose last year still dey valid. For press briefing after Capital Market Committee meet for yesterday, Yuguda says the recent decision CBN made to close accounts of crypto exchanges wey dey Naija to protect the financial system from abuse don disrupt the market.

He talk say SEC’s suspension of the proposed guideline go remain valid until operators of the various crypto exchanges don have access to their accounts in Nigerian banks that CBN closed.

“SEC remains supportive of the growth of Financial Technology (Fintech). We have invested in developing a framework to support crowdfunding, investment advice, and cryptocurrencies.

https://m.guardian.ng/news/guidelines-on-crypto-assets-remained-suspended-says-sec/
I don make a thread for 'bitcoin discussion'. You can read ham using the link below.
https://bitcointalk.org/index.php?topic=5330990.new#new

The one way the off me be say this men know no nothing about crypto-currency, how Dem one take lead us, I no know why Dem still day on this matter, if them have any idea about crypto-currency them for no say them just day build a gate against crypto-currency without any fencing.

As peer2peer don day, nobody even they reason their matter, I no even day send this news why be say
+ Dem no get adequate sabiness for wetin concern crypto-currency
+ Dem they greedy and Dem no one update like other countries
My joy be say crypto-currency no be wetin Dem go control like them day normally do.

[Becky666]

Guidelines on crypto assets dey suspended but valid, says SEC

<snip>

He talk say SEC’s suspension of the proposed guideline go remain valid until operators of the various crypto exchanges don have access to their accounts in Nigerian banks that CBN closed.

“SEC remains supportive of the growth of Financial Technology (Fintech). We have invested in developing a framework to support crowdfunding, investment advice, and cryptocurrencies.

https://m.guardian.ng/news/guidelines-on-crypto-assets-remained-suspended-says-sec/
<snip>

De government neva serious 4 just 1s as many evidence dey 4 ground, wetin concern agbaro wit overload self? dem shud kwuntinew wit deir nonsense guidelines why we continue wit our business of crypto. Dose worst hit were de people wey dey operate crypto-business 4 our land, i hope dey adjust accordingly.
Dis deir framework 2 support crowdfunding who dem dey do am for?  , naija wit scam mentality nd de government be deir oga at de top.

My edo governor don dey exchnage words with Fin-Mini 4 dem not continu printing naira like nonsense, dis people na wicked.           

[CryptocurencyKing]

I start to lose interest in am after e come belike dem dey do me favour and d cheat dem come begin dey come as dey add small small charges. Why I go pay extra ti get same service wey be say jy Naira go do me well.

Thank you. Na here the matter dey, na here way be say, e be like crypto currency fail us via say, e con be like say you dey lose when you use am for petty services like this card matter we dey talk so. E no go well at all. I no go lie eh, no be say e no go or for better o but, I never for once reason am say, I go use crypto carry buy all this small small things because, anyhow e be, charge go always co.e board. Na that charge be the real matter. Sometimes cef eh, charge way be say you wan pay on one service fit small o but, to transfer am, the mining fee go con wan even big pass am. Unless eh, e go get way wey be say, the card services go just dey ontop the platform, just as e be for all this mobile bank like Kudi and Opay way dey the naija so. Then, as you dey buy, them just dey adjust am, just the way we dey stake for betting platform. That kind thing if not, anything way don involve transfer from address to address,  e no soft at all because, mining fee don add be that.

[Charles-Tim]

Dose worst hit were de people wey dey operate crypto-business 4 our land,

You dey right, the ban really don disrupt some crypto organisations wey dey Naija, but the wise ones done go p2p as well.

Na that charge be the real matter. Sometimes cef eh, charge way be say you wan pay on one service fit small o but, to transfer am, the mining fee go con wan even big pass am.

For the charging fee, bitcoin, ether or any other coin wey get high fee no dey encouraging. But you fit use bitcoin lightning, or altcoin wey get low fee for transaction, like litecoin.

[Traderbtcc]

Na wah oh, wetin person no go see for this country wey we dey. Wetin concern us with their useless guidelines, who dey give dem hope say we dey reason wetin dem dey talk? Abegi make dem comot for road and which market dem obstruct?

Nothing Musa no go see for gate way him dey oh😂, this country na just cruise las Las, the guidelines sef no mean anything, the only thing dis our current leaders Sabi na to embezzle money, we get clowns🤡 as leaders, and the market way them dey talk oabout sef dey still do well without the  banks, P2P dey work well so far, make dem dey deceive themselves say them dey stop the market.

Yuguda says the recent decision CBN made to close accounts of crypto exchanges wey dey Naija to protect the financial system from abuse don disrupt the market.

Omo make this people just get out😅, disrupt wetin?, this our leaders na LMAO😆

[CryptocurencyKing]

Na that charge be the real matter. Sometimes cef eh, charge way be say you wan pay on one service fit small o but, to transfer am, the mining fee go con wan even big pass am.

For the charging fee, bitcoin, ether or any other coin wey get high fee no dey encouraging. But you fit use bitcoin lightning, or altcoin wey get low fee for transaction, like litecoin.

I no know but, one truth remain say, people dey see this our bitcoin thing as 1 big thing way be say, small person for street no fit involve. Because, when you hear the value way follow 1Btc fir body, e go shake your leg. Even me cef, I go wake up some days like this eh, especially when my campaign week just run out den, I go check the value of BTC for coinmarketcap.com watin I dey see some of those days eh, e dey tire me. I dey like am to drop on those kind days but, watin I dey try talk here be say, for people way no get idea, e dey do them like say Btc na bigman something. Na currency e be and e no suppose get anyhow to worry person. This fee thing fit dey avoidable especially, when your funds dey with escrow site already. The next thing na say, make the escrow dey offer those services like card as you talk. E go make people dey realise, the value of bitcoin no start from the value way dey attacked to 1btc, say with the #1k, you don transact with Btc and this fee thing no for worry, e go just be swap of funds between you and the escrow.

[Charles-Tim]

This fee thing fit dey avoidable especially, when your funds dey with escrow site already. The next thing na say, make the escrow dey offer those services like card as you talk. E go make people dey realise, the value of bitcoin no start from the value way dey attacked to 1btc, say with the #1k, you don transact with Btc and this fee thing no for worry, e go just be swap of funds between you and the escrow.

You dey correct that if bitcoin dey with escrow provider, fee no go dey there. But e depends on the type you dey use, you dey talk about custodial escrow provider. If na noncustodial, 2 of 2 or 2 of 3 multisig approach will be used, which go even take up more fee. But, you dey correct as na custodial service escrow provider you dey talk.

Waiting me dey think be say I still like the approach in which you will need to pay an address, it dey risky more than your opinion, but privacy go dey. As some platform don dey support bitcoin lightning, e make sense in my opinion. Litecoin transaction too make sense, e get a coin wey I like for such low fee which is digibyte, e make sense too, but no yet dey supported for many platforms. But your opinion to be an alternative na good suggestion because many people no even care if na custodial or noncustodial, but they just prefer there transactions to dey safe and secure.

[nelson4lov]

~Snipped
These are the p2p exchanges that provide service for Nigerians. Which ones do you think are the best?
You can choose maximum of three exchanges.

I know say I dey late to the party but make I just drop my input anyhow e be:

P2P exchange service is one of the few crypto service I have always appreciated. The first P2P exchange I ever used was localbitcoins. I can't say the service was bad but I didn't have any issue with my trades. Then I used both Remitano and paxful about twice just to taste their service and later moved back to localbitcoins. Didn't take long before I moved to selling p2p to my friends on WhatsApp as I assumed that it was much more faster.

The P2P exchange wey I don come to appreciate recently na that of Binance. Simple and straight to the point plus them get plenty of p2p pairs - sometimes localbitcoins been lack. Compared to others na Binance be #1 for me.

[Charles-Tim]

Bitcoin price go decrease back $50000 or increase go $70000

I don dey wonder why bitcoin price no go further beyond $60000, although the price this time before the recent bear market wey happen overnight rose well even above $63500, but still the price decreased and decreased more abruptly over night for Naija time (GMT +1) to $50500. The price don rise back small and dey around $55000 now or slightly higher price.

I notice sey some institutions dey try, but after Tesla invested $1.5 trillion in bitcoin, na waiting carry the price go $40000 and yet carry ham go over $50000 because sey people fomo and invested along. The price later gotten to $58000 around that time and later decreased, as e decreased to around $50000, Microstrategy invested $1 billion, but the bear no gree end at the time, the price decrease go around $45000 but rose back above $50000. After that time, waiting I noticed be sey the price no go below $50000 and no dey near $70000, even not slightly e rise pass $60000 recently but no still near $70000. So, I come know sey the support na $50000 while the residence na around $60000.

Waiting you people suggest, you think sey the price of bitcoin is going over $60000 and surpass $70000, because this has been the greatest resistance for now. Or, you speculate sey the price go still go further below $50000 resistance.

[nelson4lov]

~Snipped
Waiting you people suggest, you think sey the price of bitcoin is going over $60000 and surpass $70000, because this has been the greatest resistance for now. Or, you speculate dey the price go still go further below $50000 resistance.

I no be prophet or prayer warrior but I dey get better feeling say today dump no be the end of the road for Bitcoin as more upside moves still dey come. My personal bias is that we go still reach $70K and surpass it; then go beyond it and break pass that price zone. Since this level na very strong resistance, once price break am, we go most likely see it move past that level convincingly. But the way crypto work, you fit talk a and e go do be. So we fit see the price dip towards $48K momentarily before resumption of the original trend.

Short term prediction - some blood towards $48K - $51K.
Long term bias - $76K - $98K.

I assume that the price would drop closer to a milestone price like $100,000. I know plenty of people go stack sell orders at that price.

[Philips@3112]

[3]: First timers should introduve themselves in this manner;

• Username:
• Gender
• State of resident (optional)
• Skills (Incase a project is looking for someone from the country for that particular job you get hired)

.
philips@3112
Male
ADAMAWA
Home care products production/forex.
Wuna well don my naija people. I dey new here and I wan use dis opportunity introduce myself as pesin wey just enta ino tey. I wan use wuna advise and support so I fit make am for the forum..

[Charles-Tim]

<...>

You are welcome to the forum, and welcome to our local thread. Know sey this na still thread, we dey hope for local board in the future, and e fit be anytime soon. Your post for here go dey useful towards us having Nigeria local board, and English boards should dey your mind very well and dey post there often.

First of all, never mind me sey I go correct you to dey proofread waiting you wan post. Before posting, read waiting you wan post, after you post ham finish, read ham again to check  for errors.

Nothing dey hard about crypto if you are patient, just take ham slow for this forum, learn about bitcoin and crypto generally. With time, you go dey happy sey you dey here. I checked your posting history and I saw a topic asking for what to do about this forum. Try read waiting them post you.

But, I go add you some useful information

• try download Coinmarketcap to check crypto price
• read about bitcoin wallet
• read waiting crypto exchange be
• read the difference between custodial and noncustododial wallet
• dey read the post wey you see for this forum (that interest you) to understanding
• take it step by step, you go be better than before

[Josefjix]

Bitcoin price go decrease back $50000 or increase go $70000

Waiting you people suggest, you think sey the price of bitcoin is going over $60000 and surpass $70000, because this has been the greatest resistance for now. Or, you speculate sey the price go still go further below $50000 resistance.

Bitcoin beyond $80k in July na fud to be honest. Because many institutions done pack their money put for crypto. The awareness really serious gan. New people no dey stop to dey come in to buy one or two things. This time no be like the 2017 bull run. the resistance just happen. Me I no really Sabi analysis and price prediction but the thing be say the price no dey go down be low $50k anytime soon