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Author Topic: The naira rule  (Read 27 times)
PostQuantumBTC (OP)
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Today at 03:22:27 PM
 #1

I have noticed that some people are only posting in dollar just like this topic: $1,000 in Bitcoin or $500 in Bitcoin and $500 in savings?

We are on the Nigeria local board, why is dollar used?

Even if dollar will be used, why is it not like these examples

₦1,343,670 ($1000)
₦1,000,000 ($745)
₦1,000,000

I have some users posting this but why almost everyone posting only US on the local board?

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Today at 03:41:06 PM
 #2

I don’t think there’s any rule prohibiting that on this LB.

 Though it will be better to use Naira when posting on the local board but many people might have probably got used to writing with the dollar and that’s why they don’t change it to naira when posting on the LB.


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Moreno233
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Today at 03:41:29 PM
 #3

I have noticed that some people are only posting in dollar just like this topic: $1,000 in Bitcoin or $500 in Bitcoin and $500 in savings?

We are on the Nigeria local board, why is dollar used?

Even if dollar will be used, why is it not like these examples

₦1,343,670 ($1000)
₦1,000,000 ($745)
₦1,000,000

I have some users posting this but why almost everyone posting only US on the local board?
Doing this may be a way of promoting the Naira which is what your post should be about but I don't think it really makes any difference. People quoting Bitcoin in dollar are doing so because dollar still remain the universal currency and as such it is easier to quote Bitcoin in dollar than any other currency. Even other local boards do the same, so its not a Nigerian thing. Even if we want to quote Bitcoin in Naira, it means we will have to visit the P2P market every now and then to be able to get the right price in Naira.











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Today at 03:42:56 PM
 #4

I have noticed that some people are only posting in dollar just like this topic: $1,000 in Bitcoin or $500 in Bitcoin and $500 in savings?

We are on the Nigeria local board, why is dollar used?

Even if dollar will be used, why is it not like these examples

₦1,343,670 ($1000)
₦1,000,000 ($745)
₦1,000,000

I have some users posting this but why almost everyone posting only US on the local board?
We are Nigerians doesn't mean we don't understand the dollars, let's be honest the currency on the exchange most of us use is in the US Dollars, even if you don't like it the dollars is universally used and it's not a big deal using it here even if this is a local board.
This is not to say you can't use the naira if you want. It should be a personal thing, if you want to use the dollar or naira to pass your information.

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Today at 03:59:38 PM
 #5

I have noticed that some people are only posting in dollar just like this topic: $1,000 in Bitcoin or $500 in Bitcoin and $500 in savings?

We are on the Nigeria local board, why is dollar used?

Even if dollar will be used, why is it not like these examples

₦1,343,670 ($1000)
₦1,000,000 ($745)
₦1,000,000

I have some users posting this but why almost everyone posting only US on the local board?
We are Nigerians doesn't mean we don't understand the dollars, let's be honest the currency on the exchange most of us use is in the US Dollars, even if you don't like it the dollars is universally used and it's not a big deal using it here even if this is a local board.
This is not to say you can't use the naira if you want. It should be a personal thing, if you want to use the dollar or naira to pass your information.
Exactly, using Naira is not bad at all, but almost all the crypto platforms, exchanges, and others all used $, only few that is being designed recognized Naira; I believe we can use Naira to create thread but it will be well understood in dollars since we are all using crypto platforms that uses dollars and not Naira.

Furthermore, the Naira to dollar rate is not stable, it can change at anytime, so imagine you are using Naira to demonstrate and the price changes, you need to acknowledge the change in price, while if we use dollar for the demonstration, we can only notice the difference while trying to convert it to Naira.

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