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Author Topic: February 2026: Why the $67k Dip is a Naira Test  (Read 88 times)
Sammysmart001 (OP)
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February 20, 2026, 02:23:05 PM
 #1


Now that global market is stating at $70,000 it has being of different battle of compliance and Gains for us Nigerians.Here are few things we are to put into consideration :
1. NIN or TIN Link :As the mandate of January is now fully active our exchange bring it (Binance/Quidax) aren’t Ghost accounts anymore. Since now tge gain we make is being taxed 25% income.The keeping of spread sheet of one’s Buy price in naria is really important. This us important because if you don’t u will suffer for filling season

2.Risk Off Trap: Bitcoin is currently influence by market mood that is behaving like a tech stock than that of gold right now, with tensions investors them are moving funds to save assets like US Dollar. My advice fot does who are still HODLing should not panic and sell at $60k. This because big investors or we call them the whales are waiting to but ur Bitcoin/Bag at that price.

3.P2P Safety: SEC have being so street this month so we need to be very careful with our P2P. It advisable you only deal with Verified and trusted Pro merchants. Don’t be deceived with rate that won’t be worth of Flagged of bank account.

Note : Focus not only on BTC price but rather Naira/USD liquidity, this year 2026 is a year we’re one need to be vigilant in ever steps his taking to avoid FIRS wahala later.

https://www.investing.com/news/cr

https://youtu.be/fJ9TanvCnOM
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February 20, 2026, 03:59:02 PM
Merited by Mia Chloe (1)
 #2

Taxes are deducted when you make a transaction in the exchange. No money can be deducted from your account because your NIN is used for verification is the exchane.

Recently, I noticed some shady stuff while trying to do P2P, the price keeps changing and refreshing for many merchants. I dont know if this is how they set it to behave, perhaps there is an update made by the exchange to help merchants maximize profit and reduce loss.

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February 20, 2026, 04:19:49 PM
Merited by Mia Chloe (1)
 #3

Recently, I noticed some shady stuff while trying to do P2P, the price keeps changing and refreshing for many merchants. I dont know if this is how they set it to behave, perhaps there is an update made by the exchange to help merchants maximize profit and reduce loss.
Realistically, I have also witnessed this as well.
I was also thinking it was only me that is witnessing that, I didn't know you guys were also experiencing that as well.
However; we should be that careful while making use the p2p as anything could likely happened. Again, I traded and the merchant starts bargaining with me on price to credits me, I told him if you are not paying what the price gives him over there he should cancel, that was how he cancelled it.

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February 20, 2026, 05:52:41 PM
Merited by Mia Chloe (1)
 #4


Note : Focus not only on BTC price but rather Naira/USD liquidity, this year 2026 is a year we’re one need to be vigilant in ever steps his taking to avoid FIRS wahala later.
For me, I will categorically said that the current fall in the price value of Bitcoin have absolutely nothing to do with the increasing strength in the Naira purchasing power. Because there seem to be less demand for dollar right now, which is why it's value keeps fluctuating. And couple with the new tax policy that seems to increase the transaction fees of forex trade, it seems to have reduced the rate at which people make forex transaction. Hence, resulting to a decrease demand for dollar.


Recently, I noticed some shady stuff while trying to do P2P, the price keeps changing and refreshing for many merchants. I dont know if this is how they set it to behave, perhaps there is an update made by the exchange to help merchants maximize profit and reduce loss.
You know that Naira have not been stable for quite a few weeks now, making it's value to keeps fluctuating up and down from #1430 per $1 to now #1340 per $1. And their is a speculation that it could still fall to over #1100 or below #1000 before the end of the year to a single dollar. So for me, i think that constant price change between different vendors on your p2p platform is actually a deliberate act to maximize profit now that the value of Naira to dollar keeps fluctuating.


 
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Floczy
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February 20, 2026, 07:50:29 PM
 #5


2.Risk Off Trap: Bitcoin is currently influence by market mood that is behaving like a tech stock than that of gold right now, with tensions investors them are moving funds to save assets like US Dollar. My advice fot does who are still HODLing should not panic and sell at $60k. This because big investors or we call them the whales are waiting to but ur Bitcoin/Bag at that price.

The Naira and bitcoin in this aspect does not correlate. If not for the show put into play by His Excellency Potus, since the day he started campaigning for Presidency till date, Bitcoin would not have experienced such a price drop. Regardless, Bitcoin is inherent in itself, the cause and ambition of institutions, and those who  speak about it is for their own personal gain, even if we can't prove it at the moment. Whereas the Naira has not reached the extent to which its act of regaining balance over the US dollar will cause Bitcoin to fall, and vice versa.

How annoying it is, knowing that many believe the Naira regaining value is a result of good leadership in the country. I hope you don't mind that i shift the conversation in this direction. But it breaks my heart to see that the election is now fast approaching, and the governments are acting to gain favor in the eyes of the masses. This is a current observation made after interviewing in the street. I hope we don't make the same mistake again, because it will no longer be seen as a mistake again but as foolishness.

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February 20, 2026, 08:11:16 PM
 #6


Note : Focus not only on BTC price but rather Naira/USD liquidity, this year 2026 is a year we’re one need to be vigilant in ever steps his taking to avoid FIRS wahala later.
For me, I will categorically said that the current fall in the price value of Bitcoin have absolutely nothing to do with the increasing strength in the Naira purchasing power. Because there seem to be less demand for dollar right now, which is why it's value keeps fluctuating. And couple with the new tax policy that seems to increase the transaction fees of forex trade, it seems to have reduced the rate at which people make forex transaction. Hence, resulting to a decrease demand for dollar.


Recently, I noticed some shady stuff while trying to do P2P, the price keeps changing and refreshing for many merchants. I dont know if this is how they set it to behave, perhaps there is an update made by the exchange to help merchants maximize profit and reduce loss.
You know that Naira have not been stable for quite a few weeks now, making it's value to keeps fluctuating up and down from #1430 per $1 to now #1340 per $1. And their is a speculation that it could still fall to over #1100 or below #1000 before the end of the year to a single dollar. So for me, i think that constant price change between different vendors on your p2p platform is actually a deliberate act to maximize profit now that the value of Naira to dollar keeps fluctuating.


There is usually the speculation that Naira will fall below a $1000, the Tinubu’s administration first year there was that speculation.
The dollar went from $1430 to 1340 now the dollars go go below $1000 all that one na lie.
The dollar will not go below $1000 against the Naira.

 
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Jamestown70
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February 20, 2026, 08:37:43 PM
 #7


Now that global market is stating at $70,000 it has being of different battle of compliance and Gains for us Nigerians.Here are few things we are to put into consideration :
1. NIN or TIN Link :As the mandate of January is now fully active our exchange bring it (Binance/Quidax) aren’t Ghost accounts anymore. Since now tge gain we make is being taxed 25% income.The keeping of spread sheet of one’s Buy price in naria is really important. This us important because if you don’t u will suffer for filling season

2.Risk Off Trap: Bitcoin is currently influence by market mood that is behaving like a tech stock than that of gold right now, with tensions investors them are moving funds to save assets like US Dollar. My advice fot does who are still HODLing should not panic and sell at $60k. This because big investors or we call them the whales are waiting to but ur Bitcoin/Bag at that price.

3.P2P Safety: SEC have being so street this month so we need to be very careful with our P2P. It advisable you only deal with Verified and trusted Pro merchants. Don’t be deceived with rate that won’t be worth of Flagged of bank account.

Note : Focus not only on BTC price but rather Naira/USD liquidity, this year 2026 is a year we’re one need to be vigilant in ever steps his taking to avoid FIRS wahala later.

https://www.investing.com/news/cr

https://youtu.be/fJ9TanvCnOM


To be honest, I hardly see the relationship between your topic “ Why the $67k Dip is a Naira Test” and the body of your written content.

Nevertheless, realistically speaking, anyone that is into Bitcoin accumulation for a long term, has one time or the other experiences some profit while accumulating, when Bitcoin is on its correction phase,  some of them have the urge to sell their Bitcoin and buy back later when the price retraces, it only takes some one that is discipline, with a long term goal and belief in Bitcoin to not sell off.  

While doing your P2P transaction, try as much as possible to be careful, because some merchant on those exchanges are willing to do anything to maximize their personal profit, some goes to the extent of sending you less than the amount you’ve agreed on, if you don’t verify the amount and click on the release coin button, then your money is gone, except you want to file a complaint to the exchange, and that’s a whole lot stress on it own.
Sammysmart001 (OP)
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Today at 04:20:54 AM
 #8


Now that global market is stating at $70,000 it has being of different battle of compliance and Gains for us Nigerians.Here are few things we are to put into consideration :
1. NIN or TIN Link :As the mandate of January is now fully active our exchange bring it (Binance/Quidax) aren’t Ghost accounts anymore. Since now tge gain we make is being taxed 25% income.The keeping of spread sheet of one’s Buy price in naria is really important. This us important because if you don’t u will suffer for filling season

2.Risk Off Trap: Bitcoin is currently influence by market mood that is behaving like a tech stock than that of gold right now, with tensions investors them are moving funds to save assets like US Dollar. My advice fot does who are still HODLing should not panic and sell at $60k. This because big investors or we call them the whales are waiting to but ur Bitcoin/Bag at that price.

3.P2P Safety: SEC have being so street this month so we need to be very careful with our P2P. It advisable you only deal with Verified and trusted Pro merchants. Don’t be deceived with rate that won’t be worth of Flagged of bank account.

Note : Focus not only on BTC price but rather Naira/USD liquidity, this year 2026 is a year we’re one need to be vigilant in ever steps his taking to avoid FIRS wahala later.

https://www.investing.com/news/cr

https://youtu.be/fJ9TanvCnOM


To be honest, I hardly see the relationship between your topic “ Why the $67k Dip is a Naira Test” and the body of your written content.

Just settle down and read through it carefully u willl understand
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Today at 06:13:13 PM
 #9

Recently, I noticed some shady stuff while trying to do P2P, the price keeps changing and refreshing for many merchants. I dont know if this is how they set it to behave, perhaps there is an update made by the exchange to help merchants maximize profit and reduce loss.
Realistically, I have also witnessed this as well.
I was also thinking it was only me that is witnessing that, I didn't know you guys were also experiencing that as well.
However; we should be that careful while making use the p2p as anything could likely happened. Again, I traded and the merchant starts bargaining with me on price to credits me, I told him if you are not paying what the price gives him over there he should cancel, that was how he cancelled it.
About this, I noticed that merchants who do this already put in into their ad it's just that there is usually slot there so most people fail to notice it big if you read all the content in their ad then you will almost definitely see where they're bargaining for a reduction in price even before enter an order with them. Usually when I see people like this I just skip them rather than trying to engage them at all, their excuses are always shaky and never straight forward. Best to just stick to people with straight forward ads.

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