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Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies - Business (2) - Nairaland

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Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by princemartinsG(m): 3:35pm On Feb 06, 2021
Man wey sabi

SavageMaster:
Instead of trading bitcoin, why not buy and hold it for some years.

4 Likes

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by The5DME(m): 3:35pm On Feb 06, 2021
3
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by MASTAkiLLAh(m): 3:35pm On Feb 06, 2021
grin APC imbéciles have been on overdrive since their whatsapp meeting ended yesterday trying to convince us to hate crypto. One idíot on twitter even said it causes inflation but the girl was quickly decimated and confined to her dog cage.
Elections have consequences, when you vote in a relic of the stone age, backwardness and retrogression is all you get. There isn't a single positive index that the Buhari junta has conquered or bested since 2015, everything has been destroyed from the economy down to the unity of this country

5 Likes

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by bareal(m): 3:35pm On Feb 06, 2021
The countries that banned cryptos have one thing in common, Poverty!!!

7 Likes

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by SmartyPants(m): 3:35pm On Feb 06, 2021
OneKinGuy:
Noticed how poor countries are the once banning Bitcoin?

China, Iran and Morrocco are not poor. But Whats your point?

14 Likes 1 Share

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by sommy03(m): 3:35pm On Feb 06, 2021
I don't like this country called Nigeria again � angry
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by SmartyPants(m): 3:36pm On Feb 06, 2021
bareal:
The countries that banned cryptos have one thing I'm common, Poverty!!!

China, Morrocco, and Iran are poor?
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Springboot: 3:36pm On Feb 06, 2021
OneKinGuy:
Noticed how poor countries are the once banning Bitcoin?

Yes because it will have more negative effect on their economy than the large ones, meanwhile bitcoin is illegal in the UK so stop the ignorance.

5 Likes

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Scrupulous419(m): 3:37pm On Feb 06, 2021
NwaNimo1:
Can i buy with 50cent?

[img]https://media./images/b6a3e85e0e421c36e124fbbc5f1dde6c/tenor.gif[/img]

some nails for your cremation

Well Aston dealt with Ass-anal

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by mrfreestuff: 3:37pm On Feb 06, 2021
Officialhorlah:


https://punchng.com/five-things-you-didnt-know-about-bitcoin-other-cryptocurrencies/
And prior to the CBN circular,Nigeria was No. 2 in the world in P2P Bitcoin volume . By that time, the economic sabotage of Nigeria by the sheer volume in this crypto has forced us to devalue our local currency naira twice in 1 year as they mopped up naira to buy USD and then exported them out of the country to a foreign country. Our inflation had increased astronomically too especially on imported goods and services because importers pay more to get USD as they got crowded out by crypto merchants.

Other import dependent countries should learn from our bad and horrible experience with these crypto instruments. They should regulate it and insist that only USD inflows must be used for trading them so they will not kill their local economy and currency.

8 Likes 4 Shares

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by opalu: 3:37pm On Feb 06, 2021
Okay
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Springboot: 3:38pm On Feb 06, 2021
bareal:
The countries that banned cryptos have one thing in common, Poverty!!!

You call China poverty? You sure don't know anything about the world's economy, just so you know, bitocin is illegal in the UK, are they also poor?

9 Likes 1 Share

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Nobody: 3:39pm On Feb 06, 2021
Well well well

What do we have here??

Open account for Ghana, transfer BTC there, transfer from ghana to ur Nigerian account

Now no one knows wassup

5 Likes 1 Share

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Oluwaseyi00(m): 3:39pm On Feb 06, 2021
Dagger111:
Pls, i have 4 Bitcoin, who is interested in buying for God's sake. This ain't a joke pls.

Sell it on Luno or Roqqu
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by doxijaw: 3:40pm On Feb 06, 2021
merits:
grin

What's so funny, is it that you're not getting any or something.
Jeez i hate this new generation Nigeria, like seriously do something with your lives and stop this sex obsession undecided
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Reffone: 3:40pm On Feb 06, 2021
Bitcoin is literally the future of tomorrow financial institution and easy flow of funds, insist of ban why not create a body for this beautiful institution coming to change the financial situation of the world trust me Elon musk didn't endorse Bitcoin for no reason he sees the future potential and is greatly involved in it's originality and genius fianicial freedom to the common man but like buhari and his subordinate they are still in 1975 where cows and bs is now the best option to national growth hilarious I must say but On God the future 2023 if my present vibrant youths can in solidarity can create and rebirth a better tomorrow cause all I see is more ways to enslave us for another 50years �

2 Likes 1 Share

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by eedimo(m): 3:41pm On Feb 06, 2021
OneKinGuy:
Noticed how poor countries are the once banning Bitcoin?
Including China?�
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by lexy2014: 3:41pm On Feb 06, 2021
inoki247:
Just say we should start rearing Cow..

Period. CBN has never banned any Ponzi scheme despite losses that individuals have incurred as a result but it deems it fit to ban crypto and bitcoins

1 Like

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Nobody: 3:41pm On Feb 06, 2021
6 Cryptocurrency cannot be stopped, No governemnt could do it. The best you can do is regulate it, go and ask China and India how far.

3 Likes

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by BTCog: 3:42pm On Feb 06, 2021
Do they want to replace Bitcoin with cowcoin?
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by realstars: 3:44pm On Feb 06, 2021
NwaNimo1:
Can i buy with 50cent?

[img]https://media./images/b6a3e85e0e421c36e124fbbc5f1dde6c/tenor.gif[/img]
Even with snoop dogy dog.

1 Like 1 Share

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by bhella10: 3:44pm On Feb 06, 2021
OneKinGuy:
Noticed how poor countries are the once banning Bitcoin?
q China is not a poor country.
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Revelation001: 3:44pm On Feb 06, 2021
A MUST READ!! The Main Reason Why The FG Banned Cryptocurrency Trading & Transactions In Nigeria[Naijaloaded writes]

https://www.ariyabaze.com.ng/2021/02/a-must-read-main-reason-why-fg-banned.html?m=1
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Dagger111(m): 3:45pm On Feb 06, 2021
Oluwaseyi00:


Sell it on Luno or Roqqu


Luno ain't buying.
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by wink2015(m): 3:45pm On Feb 06, 2021
Nigeria is the latest country to ban cryptocurrency trading as announced on Friday by the Central Bank of Nigeria.

The CBN ordered banks and financial institutions to block bank accounts trading in cryptocurrency , stressing that failure to comply to the directive attracts severe regulator sanctions.

Meanwhile , here are five things you didn't know about cryptocurrency :
1 . Cryptocurrency is digital money which can be used to buy goods and services. It exists online which means it doesn ’t appear in physical coins or bills.

2 . Bitcoin is the first cryptocurrency and was created in January 2009 by a mysterious person or group known as Satoshi Nakamoto. One Bitcoin sells at N15 m as at the time of filing this report .

3 . Once you lose your address to your crypto wallet , you automatically lose all the money in your wallet . Simplilearn estimates that 60 per cent of cryptos are ghost because their owners have lost the address.

4 . Cryptocurrency has been banned in Nigeria, China, Bolivia, Nepal , Bangladesh, Ecuador, Morocco and Iran.

5 . Cryptocurrency value Is extremely volatile , according to Express Computer. Just like a normal share market, there are a lot of external factors that have a direct impact on the value of Crypto money. They are super volatile and really depend on your sense of trading. The value can swing dramatically which is sometimes in your favour and sometimes terribly against it. Its digital-only presence and risk factor is why people choose to steer away from it.

https://punchng.com/five-things-you-didnt-know-about-bitcoin-other-cryptocurrencies/

It is targeted at the southerners that Buhari hate so much.

Less than three years this bad government will leave the stage.
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Dollanaira: 3:46pm On Feb 06, 2021
ok
Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by Koulture(m): 3:47pm On Feb 06, 2021
Nwatachoba1:
Well well well

What do we have here??

Open account for Ghana, transfer BTC there, transfer from ghana to ur Nigerian account

Now no one knows wassup
Y'all shouting open accounts for ghana,you think it's easy to open a ghanaian bank account? Go and check out the requirements.

1 Like

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by elisho: 3:47pm On Feb 06, 2021
the day they go close bet9ja na that day this country go end useless government

1 Like

Re: Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies by chaloner(m): 3:48pm On Feb 06, 2021
beardedboy:


Imagine this!
Meaning that the guys behind btc are mining people's wealth steady.

Personally, I think Nigeria has done well to ban btc. A country battling with cybercrime and embezzlement should stay far away from a cryptic system that makes it difficult to track the owners of wealth.




These jargons are the main reason why I dislike the stuff.

Many people doing bitcoin trading sef don't know how it works. They only follow the crowd.
illiteracy is a diseases.... Learn you said no, just look at what you are pouring in an open forum. Go and learn blockchain and Cryptocurrency. The earlier the better.

2 Likes 1 Share

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