How do you see bitcoin?

[Promocodeudo]

To be honest, Bitcoin is more like a threat to the government, you know, whatever the government is against often brings fortune and freedom to a citizen, that's why government never want the citizen to partake in such. In Nigeria government, they ban drugs, crypto. If you mirror check these, you'll observe that those who partake into these businesses are fortunate and obtain freedom.

So I personally see Bitcoin as a threat to the government, that those who gets into it are fortunate fighters looking for freedom, breaking the chains of mental slavery and becoming financially stable at ease.

Are you trying to say they shouldn't have place a ban on drugs? I don't want to go off from this topic but I want to trash this out, are you in support of hard drugs or am I misunderstanding you perhaps you can make me understand what you meant by that? the cryptocurrency aspect should be my concern, I think Nigerian government are out of ideas, other countries has moved on, the Nigerian government finds it difficult on how to benefit from cryptocurrency, the taxes are too much, the bullying of different exchanges is becoming unbearable especially those ones that refuse to do what the ask of them.

Yea Nigeria government sees Bitcoin as a problem that I agree,  and can go to any length to stop it's wider adoption but unfortunately they came late and can't do anything about it because there isn't way any institution can stop what they are unable to control, so regulation has become their own power.

[fredericktaylor]

Bitcoin is a digital currency with several use cases and therefore, I see Bitcoin in different perspective. Bitcoin as a digital currency is used for digital payment, bitcoin can be used to purchase goods and services online. Bitcoin is also a store of value, is important to know that Bitcoin is not just an ordinary investment, is an investment or an asset that is attracting global interest. Bitcoin grows in value over a long period of time and sustains the value of your investment,  the quality of bitcoin is beyond just making profit from investment, because of the rising inflation in our country Nigeria, investors are not only focussing on making profit alone, but sustenance, long term sustenance, investors are looking for a safe place to invest their money, not bank that will reduce the value of our money and control how your money should be used . With Bitcoin the future of our money and investment is secured.

You said it very well, it is not right to consider Bitcoin only from one side because people are using Bitcoin in different ways, some are investing consistently with a long-term plan and holding it, while others are using it regularly, such as using it to purchase various goods and goods and buying and holding Bitcoin to protect valuable money from inflation, while others are buying Bitcoin to protect themselves from financial freedom and banking complications and to keep it completely under their control, so I do not only see Bitcoin as an investment.

We can see that the use of Bitcoin is increasing over time. By purchasing Bitcoin and holding it for the long term, a person can make money in the long term and protect themselves from inflation in the future. In addition, they can independently control all their money and no other person can interfere with it. Therefore, it is wise to buy Bitcoin with the future in mind and hold it for the future.

[Abdulzuruku01]

E don help us know how we go keep our money by ourselves without dey pay high rate of interest and bank charges because na you dey control your money anytime you need am you go get am since another person nor fit access or even control your money

Yeah, bitcoin is a financial freedom to us, because people have gotten a lot of more freedom over their assets compared to when we relied saving our money only in the banks. Imagine have your own money saved in bank, but they still set a specific limit of what you'll send out. High interest rates its a big challenge in our banks and saving your money for Nigeria banks is the must annoying part because of how some of their customer service behaves.

Honestly banks can be frustrating, and that's why I see bitcoin as a freedom to Nigerians specifically. Because bitcoin has helped them  realise they can do their everyday transactions without any middleman, and you can receive or send any amount of bitcoin with no limit because you're in control of your assets and you  make decisions on your own.