Topic: what is the future of bitcoin in Nigeria? (Read 487 times)

The future of bitcoin will be bright even without the Nigerian government's involvement. I don't even want the government to get involved because doing so will only make investing in bitcoin less enjoyable. Even if they make it legal tender, only a small number of people—big businesses and even hotels—will still accept it as payment. It will also be beneficial globally because, if you travel to another country, you won't even have to start looking for where to find the exact currency you can just end up spending bitcoin for things that have been made simple.

Many people have been empowered by bitcoin, and even when they were unable to find employment, they were seriously depending on it for their livelihood. There is a lot more money in bitcoin than even in some jobs, and what bitcoin will give you as a serious investor will be very different from what jobs will give you. For this reason, people are concentrating more on investing in Nigeria, where many people are interested but may lack the funds, and the government that is meant to support them is unconcerned.

The future of bitcoin will be brighter in Nigeria, if the government can make it legal tender all over the country because there are many people over there in the country waiting for government to declare bitcoin legal tender, before they can introduce it to their business and they will make a lot of income from bitcoiners in the country, One of the future of bitcoin, It will reduce the hardship from Nigerian if the government can allow the youths to involve or include bitcoin in their businesses because people will no longer using fiat money on the time to buy goods in the country than to use bitcoin to buy goods, and the transaction of bitcoin don't use to take time like fiat money network use to disturb during the process of the transaction, and it will be difficult for you to experience such network failure in bitcoin transaction which is among the future of bitcoin.

The Nigerian government no dey friendly to bitcoin or crypto, but dem no stop the use of crypto in Nigeria, cryptocurrency dey legal for Nigeria, just that government no wan make banks dey process crypto transactions for Nigerians. I don't think our government go ban crypto, dem dey find way to chop money from am through tax, make we dey see as things progress, but crypto go continue to dey grow for Naija.

Even after the government decided to stop the use of crypto In Nigeria the influence only grew stronger and now a lot of people are now into the crypto space. People are now getting interested in buying and hodling Bitcoin especially in this bull run season. The future of Bitcoin in Nigeria is going to be absolutely phenomenal, more people are planning to buy when it dips, I think it's going to be a massive engagement from next year. Bitcoin is the future and it's going to make a lot of people financially free in few years time, ensure you are part of it too.

The average Nigerian is tired of depending on the government for solution to immediate problems, hence their looking for other ways to be free from the government and make a living independently and crypto offers them such leverage. Banking system has failed us, recently GTB transfers takes time to reflect, even after being successful at the sending bank's end. I personally don't think I can save money in the bank again, apart from emergency fiat backup funds which is limited in amount. I love the independence and flexibility that crypto is giving me.

That is more reason these people making it big should know more about bitcoin.  Make it big in Naira,  invest and secure your finances in bitcoin... That sounds good, doesn't it?

One funny thing is that these people who are in the government and kicking against bitcoin all have investment in it and they know very well about its potentials and how it could mean well for the country, but they are afraid of losing control of the masses and their finances, hence they act as though they are against it, but even their tactics have failed because more people are becoming aware of it and in the near future bitcoin investment in the country would be so rampant that even more banks would fold up because of lack of investor funds.

As d matta stand now, no shaking for Bitcoin and its future in Nigeria. D time wey we dey panic don pass. Reason wey make me yarn dat way be sey even though dis bulaba govment dey restrict awa parole for dis matta, dem go soon fall in place. Awa govment na copy copy from western countries and as many of those countries don begin openly embrace Bitcoin, dis govment go join dem. Make una nor fear anything. Just keep accumulating usecase coins and tokens. Next year go dey explosive for d industry.

Nigeria na country way be say eh, you no just know the side way them Dey when we Dey yarn crypto matter. You fit Dey do your thing on low key, using all the right means but these people fit still con follow you up say, you Dey trade in exchange way no Dey recognized for the country and just like that, them don label you money laundering charge say, you Dey aid people in the process.

All that one na via say, them never see how to use chop for inside. Na regulation Dey always be the issue here. If FG fit collect tax on all transactions for a particular exchange and get there compliance for details on matter way interest them, you go find a very crypto friendly Nigeria. Na just the problem way I Dey see be that but, cryptocurrency no Dey go anywhere, it’s here to stay.

I think bitcoin has a bright future in Nigeria considering a lot young folks are learning and knowing how to trade which signifies that in the future it will be well. But let us also pray that the future leadership of Nigeria 🇳🇬 will not stand as a barrier as we are currently experiencing now.

Off course the future of crypto currency especially Bitcoin is bright and has a great potential with with because the Nigeria that we find our self today it is like the theory about survival of the fittest that we where taught in school because everyone is looking for a way out of the current situation of things but things are getting worst by the day that is why allot of Young people have taken different jobs just to make a living. Crypto currency like Bitcoin is one area that people have taped into due to the potential it holds as it is always appreciating so allot of Young Nigerian especially the graduates who are faced with the harsh reality of things in society that certificate is not enough for you in Nigeria. That's the more reason why many young Nigerian has keyed in to Bitcoin related investment and with the way things are now there's allot happening now in the net so there's allot of awareness being created so in the future Bitcoin is going to be a house hold name in the country because everyone is going to identify with Bitcoin trading

The future of Bitcoin in Nigeria has been wasking stronger as youths that are graduates and innovative are in a way or the other exploring the cryptocurrency market, either they are trading or they are Holding their investment for profit making. The Buhari administration tried to place some restrictions on cryptocurrency activities at first, but the youths where not deterred, as they keep on enjoying the decentralized system Bitcoin has given them, which made Buhari's restrictions a mere child's play. As we speak today, a good number of the Nigerian population are heavily into crypto activities, which for me it looks like a bright future ahead.

In future the Bitcoin will be come becomes so great full for Nigerian especially for the youths that are living in the country without any single jobs for them to do, and that’s why if we observe most youths now all are busy leaning about the online stuff so that they can’t left behind when others are enjoy earning through cryptocurrency. Because with the current situation of this our country of the youth didn’t find alternatives for themselves in future it will be regret for them in future.

Those that embark them on learning about the cryptocurrency’s I didn’t blame them anymore, because this right time for everyone to find any other alternative for themselves before things will be more roughly; the most painful things is that the way people are graduate every blessings years and there’s not jobs for them. I think it will be more better for us to involve ourselves in such things like learning about Bitcoin so that when it has become great in future we can actually enjoy.

We have noticed a lot of discussions about Bitcoin in Nigeria recently. Nigeria is an underdeveloped country and at present people are associating themselves with various projects for development. Bitcoin is slowly gaining favor in Nigeria I think Bitcoin will make a big splash among Nigerians in a few days. I think the problem of unemployment is a central point not only in Nigeria but in all underdeveloped countries in the world. This unemployment problem is creating various types of anarchy in the country as well as continuing the life struggle to create their own employment.

Although the Nigerian government has not taken any action on Bitcoin investment, the people of the country are constantly managing themselves in Bitcoin investment by adopting various strategies and trying to hold on to Bitcoin.

Well the only thing I believe is slowing down the prominence and dominance of Bitcoin is the government policies that is prohibiting the usage of Bitcoin and other cryptocurrency in Nigeria, now even with all of that, Nigeria still stands as one of the highest users of Bitcoin aswell as traders in Africa, this is to tell you that Bitcoin indeed has got a very promising future in Nigeria except from the hitches around government policies which I believe too that with time Nigerians will get over them.

Basically I'm of the opinion that in Nigeria Bitcoin has got a future and it's only with a matter of time and it will manifest so well that for the early bird's they will be glad they did, away from Nigeria looking at the bigger picture, Bitcoin has gotten a really bright future anyone would want to join in considering it's continued adoption by various countries and top organizations.

Buddy to be honest with you the future of Bitcoin in Nigeria is extremely bright, Nigerians has started thinking outside the box, if you look at the way things are going, very soon people may not be seeking for employment that much again because even though an individual doesn't want to be much involved in Bitcoin, there are other places where people can build their career, the real estate you mentioned, software engineering and so on but the major thing is what we really want as individuals, Bitcoin has come to stay, Nigerians has embraced Bitcoin more since the government decides to frustrate it here by blocking some exchange companies operating p2p from functioning in Nigeria, this particular action of the nigeria government has made some uninterested individuals to begin to think otherwise to know what Bitcoin is all about, as its stand now If you make your research, you will understand that Nigerians are very much into bitcoin presently than before  though mainly they rich and some other persons that understands the potentials of Bitcoin.

The reason why many Nigerians are now into Bitcoin is because our currency has been made to be a subject of ridicule so why will someome keep a tissue paper like currency in the bank lying low without generating any interest while the same amount would have been used to buy Bitcoin and hodl for a long-term in other to get profit in the future.

In as much as Bitcoin is decentralized and may not directly affect our economy, it'll still help us in many ways, such as; impact on our mentality. Excuse me but, if we had the right monetary/ economic mentality in this country, then I doubt we'll be in such a downturn. Even though it's a mentality for our personal finance, if at least 45% had the right knowledge about finance, it'll help our country in diverse ways. A shift in mentality is probably the most important thing we need now in the country, and Bitcoin is helping in that area. People who don't believe in savings and investment, now invest in Bitcoin and hodl it.

From the shift in mentality and acquisition of valuable knowledge, we can have other effects like, more people who want to be in the manufacturing sector of the country, more people who want to go into politics, more people who want to help the agricultural sector of the country. Then comes industrialization, and other nice things which we hope for. So Bitcoin, if utilized properly in our country would help us build a good future for ourselves and our country.

The future is buy and hold, it's as simple as that. If it's adoption, forget that for now unless we have another government that want to have something to do with cryptocurrency. This particular government thinks that crypto is the reason why their currency is dying after they have subsidies for years, they think crypto is the real problem and as long as the government doesn't like Bitcoin, there is no future of it Nigerian.

Individually, if people are ready to buy and are willing to hold, they will benefit from it because Bitcoin isn't something that shows on your face that any one can use to threaten you. Buy from exchange, withdraw to your personal wallet and don't keep it on your phone. There is no.clear stand of Bitcoin in Nigeria but I will advice you don't show popo that you have Bitcoin because you of your own safety, popo can harass you for having Bitcoin or even extort you.

Bitcoin future in Nigeria is going to be great and it has already started because if you look at countries that involved in cryptocurrency Now if Nigeria is not number 1 it will be number 2, Nigeria has become a country where the youth are interested in Learning cryptocurrency than jobs because they always see job as a stress, having a good job in Nigeria that will give you enough money to be able to feed yourself and your family is not easy but cryptocurrency will give you enough money when you are serious in it.

If you look at our government action towards bitcoin or cryptocurrency you will see that they have notice that there is a lot of money in crypto and the youths prefer crypto and investing in bitcoin than even government work that is why they are jealous about it, I don't see anyone who is a graduate stressing and be complaining like before that he or she don't have work and the government did not give work, everybody has understand how life's is going and they learn how to succeed in life without government, Bitcoin in Nigeria will be a surprise thing to us one day because it has been a life savings for many people.

Cryptocurrency awareness dey grow like wildfire for Naija, even girls don dey try understand wetin bitcoin be. That being said, no go think say e go make country better or make people suddenly rich, bitcoin na money and na also investment, so to get am you go either get money or you go get wetin you sabi do wey go make people pay you in bitcoin.

Our government no dey friendly to crypto right now, dem no too understand am and e dey cause dem to make bad decisions, as a result of that, the Nigerian government come be like hurdle to bitcoin and crypto growth/adoption in Nigeria.

E dey every obvious say the future of Bitcoin will be very great in Nigeria. If you look at the previous years we Nigerians no dey used to cryptocurrency but as time goes on everybody don dey know it value for this country. Anyway that will generate money for the Nigeria youths just believe that it will be great in the future, the way our economy are getting bad, you think say if weren't for the help of cryptocurrency no be waiting we dey talk our eyes will be seeing at this point. Every Nigeria youths you see will talk about cryptocurrency, both the illiterate and the educated person because our mind don dey with the way we are suffering, everyone has believe say cryptocurrency is the way to survive.


The youth of this country have already familiar with cryptocurrency well well, ones that are not investing in Bitcoin are mining other coins, is because of cryptocurrency most of our youths are making money through all the telegram mining. Last year we don't have such like mining on telegram and make real money but things are different this year, that's why we believe that the future of Bitcoin and cryptocurrencies will continue to look amazing in our country.

The truth is, a lot of people are looking for multiple streams of income and having heard of cryptocurrency and Bitcoin trading, they're getting involved. Even if they don't adopt it fully at first, they're allocating like 20% time of their time to learn about it, believing they'll profit from it eventually.

Cryptocurrency has a good stand in Nigeria, as long as the government doesn't put policies that restrict it. I mean, we know Binance doesn't operate freely in Nigeria, and some P2P exchanges have limitations, but we're still pushing forward. We're finding ways to utilize cryptocurrency to our benefit.

As long as the market is stable and crypto keeps growing, Nigerians can tap into it for their own benefit, we can make use of it to our advantage.