what is the future of bitcoin in Nigeria?

[Sticky Bomb]

 
In times to come, I believe Bitcoin will be more popular than the way it's currently in the country. One thing that you can also look at to see that Bitcoin has a great feature in the country is that even with it not being directly banned and directly legal, there is still mass adoption and participation in it.

The average Nigerian is tired of depending on the government for solution to immediate problems, hence their looking for other ways to be free from the government and make a living independently and crypto offers them such leverage. Banking system has failed us, recently GTB transfers takes time to reflect, even after being successful at the sending bank's end. I personally don't think I can save money in the bank again, apart from emergency fiat backup funds which is limited in amount. I love the independence and flexibility that crypto is giving me.

While we are all complaining about the economy of the country, i think there are also a lot of people that are making it huge, not involving the new quick money routes the youth are taking, there are many more legit ways in which money is being earned and from such means we can agree that Bitcoin future is going to be save and more people will definitely get involved.

That is more reason these people making it big should know more about bitcoin.  Make it big in Naira,  invest and secure your finances in bitcoin... That sounds good, doesn't it?

One funny thing is that these people who are in the government and kicking against bitcoin all have investment in it and they know very well about its potentials and how it could mean well for the country, but they are afraid of losing control of the masses and their finances, hence they act as though they are against it, but even their tactics have failed because more people are becoming aware of it and in the near future bitcoin investment in the country would be so rampant that even more banks would fold up because of lack of investor funds.

[Chibit01]

Even after the government decided to stop the use of crypto In Nigeria the influence only grew stronger and now a lot of people are now into the crypto space. People are now getting interested in buying and hodling Bitcoin especially in this bull run season. The future of Bitcoin in Nigeria is going to be absolutely phenomenal, more people are planning to buy when it dips, I think it's going to be a massive engagement from next year. Bitcoin is the future and it's going to make a lot of people financially free in few years time, ensure you are part of it too.

[Coyster]

Even after the government decided to stop the use of crypto In Nigeria the influence only grew stronger and now a lot of people are now into the crypto space.

The Nigerian government no dey friendly to bitcoin or crypto, but dem no stop the use of crypto in Nigeria, cryptocurrency dey legal for Nigeria, just that government no wan make banks dey process crypto transactions for Nigerians. I don't think our government go ban crypto, dem dey find way to chop money from am through tax, make we dey see as things progress, but crypto go continue to dey grow for Naija.

[Oshio-man]

The future of bitcoin will be brighter in Nigeria, if the government can make it legal tender all over the country because there are many people over there in the country waiting for government to declare bitcoin legal tender, before they can introduce it to their business and they will make a lot of income from bitcoiners in the country, One of the future of bitcoin, It will reduce the hardship from Nigerian if the government can allow the youths to involve or include bitcoin in their businesses because people will no longer using fiat money on the time to buy goods in the country than to use bitcoin to buy goods, and the transaction of bitcoin don't use to take time like fiat money network use to disturb during the process of the transaction, and it will be difficult for you to experience such network failure in bitcoin transaction which is among the future of bitcoin.

[RockBell]

The future of bitcoin will be brighter in Nigeria, if the government can make it legal tender all over the country because there are many people over there in the country waiting for government to declare bitcoin legal tender, before they can introduce it to their business and they will make a lot of income from bitcoiners in the country, One of the future of bitcoin, It will reduce the hardship from Nigerian if the government can allow the youths to involve or include bitcoin in their businesses because people will no longer using fiat money on the time to buy goods in the country than to use bitcoin to buy goods, and the transaction of bitcoin don't use to take time like fiat money network use to disturb during the process of the transaction, and it will be difficult for you to experience such network failure in bitcoin transaction which is among the future of bitcoin.

The future of bitcoin will be bright even without the Nigerian government's involvement. I don't even want the government to get involved because doing so will only make investing in bitcoin less enjoyable. Even if they make it legal tender, only a small number of people—big businesses and even hotels—will still accept it as payment. It will also be beneficial globally because, if you travel to another country, you won't even have to start looking for where to find the exact currency you can just end up spending bitcoin for things that have been made simple.

Many people have been empowered by bitcoin, and even when they were unable to find employment, they were seriously depending on it for their livelihood. There is a lot more money in bitcoin than even in some jobs, and what bitcoin will give you as a serious investor will be very different from what jobs will give you. For this reason, people are concentrating more on investing in Nigeria, where many people are interested but may lack the funds, and the government that is meant to support them is unconcerned.

[Skipo1]

I don't know if Nigerian government don't want everyone to be okay, in the terms of financial.
The government want us to channel our hustling which dey can't provide jobs opportunities to everyone in Nigerian but Bitcoin nd cryptocurrency has made everything easy for Nigerian to make investment and aim money without waiting for the government....

[DubemIfedigbo001]

Good day to my fellow members.
Did you ever wonder what the future of bitcoin will be in Nigeria?

The future of bitcoin in Nigeria will  just be fine, just that the  leaders we have currently are "anti bitcoin". if we have a good leadership with a good vision of the economy then we can think of bitcoin to be good here. we need a system like that of El Salvador president, then we can hope for a massive growth of bitcoin adoption.

No mate, the leaders you've are not anti-Bitcoin. They don't want you to invest freely in Bitcoin since you'll be free from their entanglements in all sorts and control your money instead of subjecting it to them. Their principle of effective ruling is by keeping the masses hungry, deprived and vulnerable and if you're into Bitcoin successfully, that aim is defeated and you'll possibly not be needing them for anything, just like me now. I don't really have any much business with government parastatals apart from occasional contracts which they still benefit plenty times more than me in the process.

Most of our leaders have good investments in Bitcoin and hide most stolen monies there away from financial track record history.  Our survival is in our hands and well as our future, so we need to embrace Bitcoin to ensure that we have freedom in our finances and a step above government restrictions

[Odohu]

I don't know if Nigerian government don't want everyone to be okay, in the terms of financial.
The government want us to channel our hustling which dey can't provide jobs opportunities to everyone in Nigerian but Bitcoin nd cryptocurrency has made everything easy for Nigerian to make investment and aim money without waiting for the government....

Here in Nigeria, the leaders and government want the citizens to be poorer because they believe that the poorer the people are, the easier they are for them to manipulate. You can see the various dramas that they display during election campaigns including frying akara, eating with beggars and even sleeping in the bed of the sick. All these are ways they mock the poverty of the people, same poverty they create because they know that if the people are rich, those things will not sell.

This is the reason the government will hardly allow Bitcoin to thrive freely. More so, they see it as a threat to the conventional banking system that they are using to control the people because most of the politicians have stakes at the banks. Nevertheless, no matter how they try to stop Bitcoin, Bitcoin will continue to grow and spread in the country and more people will continue to embrace and invest in it.

[DaNNy001]

Bitcoin is no longer a potential crypto currency that would be used in Nigeria it's actually the future... Few months ago the Nigerian government put some laws in place to try to ban the use of crypto in the country but more people actively got themselves involved in it..some companies in  Nigeria transact with Bitcoin and in a few years from now I think it's going to be normalized. A lot of people that didn't invest in it few years ago are now regretting especially after seeing the massive pump this year, a lot of Nigerians are waiting for the dip so they can buy and hodl.

[Jaycoinz]

Bitcoin is dominating and taking over , it's no longer business as usual in Nigeria. There are companies that accept Bitcoin transactions, despite the effort of the government to stop the use of Bitcoin and other cryptocurrencies in Nigeria the influence only increases on a daily basis. In the nearest future Bitcoin would be accepted by the government and people would be able to transact with it freely without any fear of restrictions. Crypto currency is the future and I don't think it can be stopped, all you have to do is take advantage of it while you can.

[MainIbem]

Bitcoin is dominating and taking over , it's no longer business as usual in Nigeria. There are companies that accept Bitcoin transactions, despite the effort of the government to stop the use of Bitcoin and other cryptocurrencies in Nigeria the influence only increases on a daily basis. In the nearest future Bitcoin would be accepted by the government and people would be able to transact with it freely without any fear of restrictions. Crypto currency is the future and I don't think it can be stopped, all you have to do is take advantage of it while you can.

Bitcoin would've been booming in the country currently if not for the export of the government that's hindering many people to go into it, currently people are even scared of mentioning that they're Bitcoiners or Bitcoin enthusiasts due to the fear of relating it with scam activities, I've seen a situation where armed force officials held a young guy just because they saw an exchange on his phone, situations like that have caused Bitcoin not to be widely spread to the majority. However Nigerian's are secretly full time into the Crypto space and this year lots of people are beginning to embrace Bitcoin and learn more about it despite challenges from the government and I believe that with time or when a new government that knows the Benefits of Cryptocurrency and supports Bitcoin would emerge I believe that Bitcoin would boom in Nigeria just like it's about to happen in the United States as Trump won, there's a future for Bitcoin in our Country and with time it would manifest.

[Abu-Naim]

Bitcoin is dominating and taking over , it's no longer business as usual in Nigeria. There are companies that accept Bitcoin transactions, despite the effort of the government to stop the use of Bitcoin and other cryptocurrencies in Nigeria the influence only increases on a daily basis. In the nearest future Bitcoin would be accepted by the government and people would be able to transact with it freely without any fear of restrictions. Crypto currency is the future and I don't think it can be stopped, all you have to do is take advantage of it while you can.

The way this government is making a lot of effort in making tasks compulsory in almost all aspect, I think the government will soon look for way to legalize Bitcoin and cryptocurrency so that they will impose task on crypto users whenever they run any transaction.

However, if the cryptocurrency is legalize, it will be ok, but the task on transactions will make it look like the government is looking for ways to get money from the hustling cryptocurrency users, that is why I personally prefer the way the crypto activities is going on now since the government didn’t ban its use and they didn’t support it at the same time.

[Felicity_Tide]

~snip

The way this government is making a lot of effort in making tasks compulsory in almost all aspect, I think the government will soon look for way to legalize Bitcoin and cryptocurrency so that they will impose task on crypto users whenever they run any transaction.

However, if the cryptocurrency is legalize, it will be ok, but the task on transactions will make it look like the government is looking for ways to get money from the hustling cryptocurrency users, that is why I personally prefer the way the crypto activities is going on now since the government didn’t ban its use and they didn’t support it at the same time.

Not fully against and not fully in support has been favoring us for long now, but we can't really tell how long considering how the economics and financial crimes commission, and the police has been handling matters. If only a rigid law can be passed across for once. And I think you're are right. From the way the government are literally hitting task on almost everything, their stance on crypto might change soon. I have began to here some speculations about the government demanding N50 on every transaction above N10K. I haven't confirmed it, but if this is true, then it shows how desperate they are in tasking everything taskable in the country.

[Su-asa]

The influence of Bitcoin keeps increasing all over the world and in the nearest future it's going to be a means to transact. In Nigeria currently there are hotels that accept payments in Bitcoin and also some car stands that accept Bitcoin payment. I'm a surprised that in a country where the government takes steps to shut down the use of every form of crypto currency transaction, those that are new to the system are seeing the bullish movement of the market and hoping to sell when it dips is a risky gamble, Bitcoin has captivated a lot of Nigerians

[Sonia_123]

The truth be sey , if na adoption mata ego hard well well because una know sey we greedy for this country, e dey pain people to see sey him fellow brother dey make am, we no dey wish ourselves well and you and I know sey Bitcoin dey for everybody no be for some set of people, and no agency or government go fit control Bitcoin and everybody go equal,but as a Nigerian man the rich nor want the average or poor near am at all, Dem want make them always be at their service, make you dey always beg for money,Dem no want the growth of the youth at all, they love oppression.
Imagine wetin dey happen for the country now despite all the hardship and suffering,e no concern the government Dem still Dem impose task and add task for everything wey the average and the poor take dey manage their lives, e show sey Dem no care about anybody, u no see wetin Dem do binance, sey Dem know sey na where we take dey exchange, so make we dey manage the wey wey we see am,God go dey help us as him don dey help because this country government and politicians no get anybody for mind na only themselves.

[Mate2237]

Good day to my fellow members.
Did you ever wonder what the future of bitcoin will be in Nigeria? It has been in my head for a long period of time now, which made me start thinking about the future of bitcoin. Due to the current situation of our country, a lot of graduates are out there without jobs and noting doing which all of them are focusing on other alternatives that will provide them with enough money to sustain a living. Many of them have embarked on learning about things like cryptocurrency, dropshipping, real estate, farming, and various businesses. So this is one of the reasons that made me start thinking if the future of bitcoin in Nigeria will be good or not.
I will like us to share our thoughts that we have about the future of bitcoin in Nigeria. 

If there is any country that Bitcoin will be useful and helpful to in the world today is Nigeria because with the current economic situation that we have found our self in Nigeria which is charactarized a by high inflation and considering the great potential that Bitcoin holds especially for developing countries like Nigeria i will confidently say Bitcoin has a bright future in Nigeria

Infact one alternative source of escape from financial slavery and even from the harsh economic environment that we find ourselves is through Bitcoin because Bitcoin is one of the few investment that really don't depends on the Nigerian economic environment so you can't be really talking about loses in Bitcoin related investment in Nigeria because Bitcoin is one thing that is decentralized so it's not under the control of the Nigerian government, so nigerian should take advantage of the opportunities that Bitcoin has presented us in the country because the future of Bitcoin is bright

[Mate2237]

The future of Bitcoin is bright in Nigeria because Nigeria is one country that seizes opportunities as they come their way and Bitcoin is one thing that has so much potential especially in making people become financially buoyant and stable that is why there is this massive acceptance level in Bitcoin because Bitcoin has shown over time that it is one thing that can be trusted

Already there are move by the Nigerian security and exchange commission for the licensing of crypto currency so Bitcoin is about to be fully integrated into the Nigerian society as a legal and legitimate business that people can engage in all that I can say is that the future looks promising and green for Bitcoin in the Nigerian environment

[sokani]

I will like us to share our thoughts that we have about the future of bitcoin in Nigeria. 

Morocco outrightly ban crypto for the country in 2017, but people still dey run their thing on code. But just imagine say you be moroccan citizen, you get info about Bitcoin before 2017 but based on the government ban you sell and avoid hodling Bitcoin. If you look the price today and the future to come, how you go feel?

In Nigeria case, our government no get a clear position on crypto and even if them eventually ban am, make you no let any person decision detect your future. Still stack as much Bitcoin as you can and hodl. Anytime wey dem lift am you go sell am or if you get to travel out of the country, you go spend am.

[Cityhunter34]

I will like us to share our thoughts that we have about the future of bitcoin in Nigeria.

Does bitcoin has any specific future for each country if I may ask?
Your question is just like saying ' I will go to bed and sleep but I don't know when to wake up' knowing too well that one must wake up, except that person is critically ill at a point where he wouldn't know to give up or still live.
The thing is, we all optimistic about bitcoin but there is no preference to people in Nigeria about bitcoin but we all have same accessibility to operate in bitcoin, buy, sell trade this same right are giving to everyone all over the country and globs, except for those are still in the 4 and 5fit world country where they lack means of communication or technology. Even as that we have great future provided everyone has access to net and of course this century people are easily open to learn and teach themselves things even without having to move from their respective homes.

Yes, OP dey talk in terms of bitcoin adoption for Nigeria. We know say bitcoin adoption rate differ from country to country. For example country like El Salvador wey adopt Bitcoin as legal tender don dey ahead of us for bitcoin adoption or countries way get bitcoin friendly policies still dey ahead for the bitcoin space compared to those wey dey live for anti-bitcoin countries.

I don't think those countries are ahead of us, we can only say that they are ahead of us because they are openly dealing with bitcoin and their government gives permission to it, but that doesn't mean that we aren't doing well. If you must know the number at which we are running p2p services are much higher than those countries and like I observed Nigeria has the most active cryptocurrency involvement in the whole african and has ranked number 1 among all but even as that they are not Bitcoin friendly (this statement is just like a mirage) but yet people are getting involved in every moment.

Them dey ahead of us. Nor be by number of P2P transactions you go use do your assessment. Nigeria government nor dey crypto friendly and their policies dey make crypto companies nor dey fit invest for Nigeria or do business here. So in terms of the business and investment aspect of bitcoin, investors go prefer to do their business for countries wey dey crypto friendly than to risk doing business for Nigeria.

That one na true sha because Nigeria government no dey crypto friendly at all them no dey like take ear hear anything about crypto in this country. had it been say them gree accept am by now self the country for don grow pass as e dey now, because so many crypto companies for don fool Nigeria by now and more people for don joined the crypto space pass as e be na. But do to the way our government dey do, na him make e be say other countries pass us, but even as that we still dey do well when it comes to Bitcoin investment, because if no be say we strong for this crypto matter e for no work oo due to the way our government dey pressure us but still we no go fit stop am.

[Olatundespo]

I will like us to share our thoughts that we have about the future of bitcoin in Nigeria.

Does bitcoin has any specific future for each country if I may ask?
Your question is just like saying ' I will go to bed and sleep but I don't know when to wake up' knowing too well that one must wake up, except that person is critically ill at a point where he wouldn't know to give up or still live.
The thing is, we all optimistic about bitcoin but there is no preference to people in Nigeria about bitcoin but we all have same accessibility to operate in bitcoin, buy, sell trade this same right are giving to everyone all over the country and globs, except for those are still in the 4 and 5fit world country where they lack means of communication or technology. Even as that we have great future provided everyone has access to net and of course this century people are easily open to learn and teach themselves things even without having to move from their respective homes.

Yes, OP dey talk in terms of bitcoin adoption for Nigeria. We know say bitcoin adoption rate differ from country to country. For example country like El Salvador wey adopt Bitcoin as legal tender don dey ahead of us for bitcoin adoption or countries way get bitcoin friendly policies still dey ahead for the bitcoin space compared to those wey dey live for anti-bitcoin countries.

I don't think those countries are ahead of us, we can only say that they are ahead of us because they are openly dealing with bitcoin and their government gives permission to it, but that doesn't mean that we aren't doing well. If you must know the number at which we are running p2p services are much higher than those countries and like I observed Nigeria has the most active cryptocurrency involvement in the whole african and has ranked number 1 among all but even as that they are not Bitcoin friendly (this statement is just like a mirage) but yet people are getting involved in every moment.

Them dey ahead of us. Nor be by number of P2P transactions you go use do your assessment. Nigeria government nor dey crypto friendly and their policies dey make crypto companies nor dey fit invest for Nigeria or do business here. So in terms of the business and investment aspect of bitcoin, investors go prefer to do their business for countries wey dey crypto friendly than to risk doing business for Nigeria.

That one na true sha because Nigeria government no dey crypto friendly at all them no dey like take ear hear anything about crypto in this country. had it been say them gree accept am by now self the country for don grow pass as e dey now, because so many crypto companies for don fool Nigeria by now and more people for don joined the crypto space pass as e be na. But do to the way our government dey do, na him make e be say other countries pass us, but even as that we still dey do well when it comes to Bitcoin investment, because if no be say we strong for this crypto matter e for no work oo due to the way our government dey pressure us but still we no go fit stop am.

Our community dey grow well well, and we dey optimistic say the Bitcoin revolution go happen. Bitcoin na something wey every country need for their economic growth. Bitcoin na valuable asset wey any government for future go find the need to hold. Our government fit still dey waste time to accept Bitcoin, but e go soon clear say Bitcoin na store of wealth.
You too need to accumulate Bitcoin if you want to become rich. Make you plan your future well with your needs in mind. The effect of inflation still dey very clear for Nigeria, and the government no dey make proper use of our resources. To solve the unemployment wahala you suppose consider crypto space. Where government no go fit help you, you go need to take action as an individual with realistic plan. Make you be entrepreneurial with your life.