mrfreestuff:

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.

How does investing incrypto affect the naira that is already battered by poor economic policies. If i but crypto qould i sell and bw paid in dollars? Is it not Naira i would bw paid? Do you know the direct remittances that has been made possible througj crypto? Wall street institutioms are setting up investment units and funds to invest in cryptocurrencies. Im talking about Fidelity, Morgan Stanley and the likes. The US even approved its fiest digital bank and is even taxing capital gains on crypto. Why are they not complaining that it is affecting the dollar? Somwtime you people should read. It helps

SmartPolician:


Sure, it's built on Distributed Ledger Technology. Yes, that's another name for blockchain technology.

Cryptocurrencies are used to make payments/move funds in the dark web and encourage opening of offshore accounts. That's why many governments consider it a huge threat.

I am a "Bitcoin hodler" though

The dollar remains the number one currency used to facilitate illicit deals. Make una leave all this story. All the loot that has gone out of Nigeria, did the politicians use crypto?

Dagger111:
Pls, i have 4 Bitcoin, who is interested in buying for God's sake. This ain't a joke pls.

Are you sure? If u are serious my rate it good

Debodimeji01:


Make we dey look them all...

Na to look for another routes wire BTC and funds na...

Boys aren't smiling.

You fit use P2P on Binance, paxful and co..
But I'm not comfortable with P2P personally.

I'll see if there is a way route money through e-wallets like Skrill..

afroxyz:


The dollar remains the number one currency used to facilitate illicit deals. Make una leave all this story. All the loot that has gone out of Nigeria, did the politicians use crypto?

Crypto no matter what still leaves some form of record.

There is nothing more untrackable like cash.

These people are fear mongering on crypto because they can't control it.

Kindly have another look at your #3. Loosing your address is the least headache when you own cr. Two things you shouldn't joke with are private keys and seed phrase.

On countries than ban, there's no outright ban. Most of them have regulations even Nigeria where banks are now restricted can't ban it.

You hv not said anything new

I already know all that, thank you!

datola:


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

The bolded speaks volume.

Aside China. The rest of these countries are poverty countries.

SmartyPants:


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

Hahahaha!

Aside China.

The rest of those countries are poverty countries.

Iran is not poor,?!!!


Iran that their One million Iranian Rial is about 9700 Naira.



You see all those noise that their Islamic Supreme Leader, Ayatollah used to make against Trump. It's all noise. One Sanction from US and their economy is already on a Cancerous malignant tumor mode. It's just Russia helping them small self.

Fvck cbn.

Despite the useless policy decision,I still made some profits of $50 trading a few coins on binance.

Their daddy.

.

afroxyz:

How does investing incrypto affect the naira that is already battered by poor economic policies. If i but crypto qould i sell and bw paid in dollars? Is it not Naira i would bw paid? Do you know the direct remittances that has been made possible througj crypto? Wall street institutioms are setting up investment units and funds to invest in cryptocurrencies. Im talking about Fidelity, Morgan Stanley and the likes. The US even approved its fiest digital bank and is even taxing capital gains on crypto. Why are they not complaining that it is affecting the dollar? Somwtime you people should read. It helps

US is not Nigeria and they don't change their local currency to USD and when their merchants recieve the funds to buy Bitcoins, they don't ship the funds in millions of USD to a foreign country first for a certain period before repatriating it back to the USA.

The average American does not pick up the social cost of the crypto business by paying more to buy USD and even imported goods and services inside their own country.

But for the wisdom and vigilance of CBN, we would have devalued naira again twice or more this year as the demand for USD to buy Bitcoin kept surging with the pressure on the naira to mop up the hard earned and dwindling USD inflows into the country.

PervertProphet:


Hahahaha!

Aside China.

The rest of those countries are poverty countries.

Iran is not poor,?!!!


Iran that their One million Iranian Rial is about 9700 Naira.



You see all those noise that their Islamic Supreme Leader, Ayatollah used to make against Trump. It's all noise. One Sanction from US and their economy is already on a Cancerous malignant tumor mode. It's just Russia helping them small self.

Inflation is not a marker of poverty, don't mix things up. Iran is a major oil exporter and Morrocco is a more or less what you call a second world country. They are not poor.

Dagger111:
Pls, i have 4 Bitcoin, who is interested in buying for God's sake. This ain't a joke pls.

Give it to random uncle Joe and ask him for dollar.

30$ btc for sale just watsapp me on 0811 555 77 08

OneKinGuy:
Noticed how poor countries are the ones banning Bitcoin?

So china is a poor country abi

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.

You wey know how it works , how far your People na just mumu dey worry them

Imagine someone being paid 30k in the next five years and you go dey save am for bank and someone using that particular money to buy btc save

doxijaw:


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

As if I care

Halo22:
No matter how we want to paint it, there is need to regulate the inflow of money into our system, hence the reason for not approving the use of Bitcoin for exchange in the country. However, guys must decode other means but last last it would affect the biz badly

Wait ..but peer to peer still works right ?...so why all the noise ?

jeff1607:
Chai

Did u try peer to peer transfer...like transferring to another address ?

femijay8271:


which kind wahala be dis enh?

Lol...sell to a vendor nau

Dagger111:
Pls, i have 4 Bitcoin, who is interested in buying for God's sake. This ain't a joke pls.

Drop your number if you're serious

Am buying bitcoin dm me

Solution to Crypto Trading Ban Nigeria


https://www.youtube.com/watch?v=dpcftTBdgag

inoki247:
Just say we should start rearing Cow..

Let's Embrace Cowtocurrency...

Me I sha know on Judgement day when people get to heaven Gbas Gbos go shele dat Angel wey dey direct people to Nigeria go get issue.....

Remember that you shall be judged by every idle word you speak. Matthew 12 :36

Klex007:
Solution to Crypto Trading Ban Nigeria


https://www.youtube.com/watch?v=dpcftTBdgag

abeg pls send me this clip on my whtsap 07032408050. Thanks alot

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

What of the IP addy

SmartyPants:


Inflation is not a marker of poverty, don't mix things up. Iran is a major oil exporter and Morrocco is a more or less what you call a second world country. They are not poor.

Iran is a major oil exporter and hooray! We suddenly should think them rich when everyone knows Economics101 that Inflation almost destroys Purchasing Power of the people and causes Iranians to never want to hold the Iranian Rial and you know what that means for the Iranian industries and Economy of the country.

All you Southern Youths do not Panic, We will Survive this.

Molahnelson:
40k usd btc today because of Nigeria

Something that traded 42k$ last week when there was no ban from nigeria

Nigerians Sha.....