Enlighten people about Cryptocurrency.

[Dr.Bitcoin_Strange]

Baba the thing with Nigerians is that we overdo things and in some cases when it comes to financial crime,  Nigerians are recorded among the top people that engage in these illegal activities even though we have other countries whose citizens are worst than Nigeria in wired frauds and schemes.

But the major reason why the CBN give the ban on bank vs cryptocurrencies transactions is due to the rise in the number of Ponzi schemes perpetuated using Bitcoin and other altcoins as means of payment or investment tools but in the end, the scammers pulled several exit scam on the investors when the bubbles burst.

But aside from that,  Bitcoin is just a victim of circumstance and due to Bitcoin's unique features,  scammers seize it as a formidable tool to carry out their scheme activities.

I agree with everything you said, but for the bolded statement, I once argued about it in the past that the reason why the CBN banned crypto-related transactions is based on some other reasons, like how a lot of people were more involved with a huge amount in the crypto market rather than keeping their money in their bank account. About that, your point is also a valid reason why they might ban crypto transactions, but I just always feel there are more reasons for it.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Stable090]

then I asked how, she said yes now na yahoo boys dey do bitcoin and I no go like put body for wetin them go scam me, it was so funny that I laughed, and later began to correct her statement.

Na Wetin plenty people wey no sabi about bitcoin dey talk ooo, dey don put am for mind say na yahoo boys dey use bitcoin and if dem put their money their, e don go already be that, but i no blame them Sha, Ponzi scheme don plenty now and d way country hard now, e dey painful to lose money now, and all those yahoo boys, if you see them and you ask them Wetin dem dey do, dey go tell you say na bitcoin dem dey do na y most people wey no sabi bitcoin dey think say na yahoo boys dey use am scam people. And if you tell some people say bitcoin na currency dem go talk say dey no fit put money for Wetin dey air, something wey dey no fit dey see.

I created this post because I know cryptocurrency is vastly gaining audience around the world but there are many left behind who doesn't have idea about it, most of them due to ignorance have been scammed on wrong investments by bad actors,

Bitcoin is being used to scam now, dey don scam plenty people and all na bitcoin investment dem call am for those people, so people wey don fall for d trap before, even if you try explain bitcoin investment give those people, dey no go every believe you because they go talk say na another pattern you dey carry come wey u wan use scam them.

[Promocodeudo]

Cryptocurrency has come to stay, but it depends on the particular coin you want to invest in, if i am in the position to advice anyone on the crypto to invest, I will say Bitcoin is the best, because of the technology behind it's existence, bitcoin is reliable and transparent, op you have raised an important point that every crypto enthusiasts needs to put into consideration, no doubt crypto (bitcoin) has advertised itself, but we still have to enlighten people more about it, note there are some people that have little or no knowledge about bitcoin, that are interested in it's investment, I know that discovering this set of people might be difficult, but if we are been approached by this people, let's not forget the needful which is spreading the news by telling them how this digital asset works.

[Ever-young]

True, the way the world dey civilized now, people supposed don dey aware about cryptocurrency, assuming say with the idea wey I get now concerning crypto na e I get before wen dem been dey tell me about am, I for don become billionaire no be millionaire o, but dat time I dey reason say na scam, wen person talk about am, I go just say na scam, scam, I no dey gree put ear just like if JW people go come preach, we go just dey hide from dem, na so me n cryptocurrency been dey before anytime dem won tell me about am but now, I no sure say e get person wey won seriously know more about crypto reach me o, because now I dey find update concerning crypto like mad, so with this idea I get now, I dey share give people wey I love and wey I know say dem go listen to me, because no be everybody dey meant to know crypto and no be everybody dey fit carry am for head so na those people wey u see say dem dey reasonable and sensible to know about crypto na me I go tell dem about.