Topic: what is the future of bitcoin in Nigeria? (Read 727 times)

If there is any country that Bitcoin will be useful and helpful to in the world today is Nigeria because with the current economic situation that we have found our self in Nigeria which is charactarized a by high inflation and considering the great potential that Bitcoin holds especially for developing countries like Nigeria i will confidently say Bitcoin has a bright future in Nigeria

Infact one alternative source of escape from financial slavery and even from the harsh economic environment that we find ourselves is through Bitcoin because Bitcoin is one of the few investment that really don't depends on the Nigerian economic environment so you can't be really talking about loses in Bitcoin related investment in Nigeria because Bitcoin is one thing that is decentralized so it's not under the control of the Nigerian government, so nigerian should take advantage of the opportunities that Bitcoin has presented us in the country because the future of Bitcoin is bright

The truth be sey , if na adoption mata ego hard well well because una know sey we greedy for this country, e dey pain people to see sey him fellow brother dey make am, we no dey wish ourselves well and you and I know sey Bitcoin dey for everybody no be for some set of people, and no agency or government go fit control Bitcoin and everybody go equal,but as a Nigerian man the rich nor want the average or poor near am at all, Dem want make them always be at their service, make you dey always beg for money,Dem no want the growth of the youth at all, they love oppression.
Imagine wetin dey happen for the country now despite all the hardship and suffering,e no concern the government Dem still Dem impose task and add task for everything wey the average and the poor take dey manage their lives, e show sey Dem no care about anybody, u no see wetin Dem do binance, sey Dem know sey na where we take dey exchange, so make we dey manage the wey wey we see am,God go dey help us as him don dey help because this country government and politicians no get anybody for mind na only themselves.

The influence of Bitcoin keeps increasing all over the world and in the nearest future it's going to be a means to transact. In Nigeria currently there are hotels that accept payments in Bitcoin and also some car stands that accept Bitcoin payment. I'm a surprised that in a country where the government takes steps to shut down the use of every form of crypto currency transaction, those that are new to the system are seeing the bullish movement of the market and hoping to sell when it dips is a risky gamble, Bitcoin has captivated a lot of Nigerians

Not fully against and not fully in support has been favoring us for long now, but we can't really tell how long considering how the economics and financial crimes commission, and the police has been handling matters. If only a rigid law can be passed across for once. And I think you're are right. From the way the government are literally hitting task on almost everything, their stance on crypto might change soon. I have began to here some speculations about the government demanding N50 on every transaction above N10K. I haven't confirmed it, but if this is true, then it shows how desperate they are in tasking everything taskable in the country.

The way this government is making a lot of effort in making tasks compulsory in almost all aspect, I think the government will soon look for way to legalize Bitcoin and cryptocurrency so that they will impose task on crypto users whenever they run any transaction.

However, if the cryptocurrency is legalize, it will be ok, but the task on transactions will make it look like the government is looking for ways to get money from the hustling cryptocurrency users, that is why I personally prefer the way the crypto activities is going on now since the government didn’t ban its use and they didn’t support it at the same time.

Bitcoin would've been booming in the country currently if not for the export of the government that's hindering many people to go into it, currently people are even scared of mentioning that they're Bitcoiners or Bitcoin enthusiasts due to the fear of relating it with scam activities, I've seen a situation where armed force officials held a young guy just because they saw an exchange on his phone, situations like that have caused Bitcoin not to be widely spread to the majority. However Nigerian's are secretly full time into the Crypto space and this year lots of people are beginning to embrace Bitcoin and learn more about it despite challenges from the government and I believe that with time or when a new government that knows the Benefits of Cryptocurrency and supports Bitcoin would emerge I believe that Bitcoin would boom in Nigeria just like it's about to happen in the United States as Trump won, there's a future for Bitcoin in our Country and with time it would manifest.

Bitcoin is dominating and taking over , it's no longer business as usual in Nigeria. There are companies that accept Bitcoin transactions, despite the effort of the government to stop the use of Bitcoin and other cryptocurrencies in Nigeria the influence only increases on a daily basis. In the nearest future Bitcoin would be accepted by the government and people would be able to transact with it freely without any fear of restrictions. Crypto currency is the future and I don't think it can be stopped, all you have to do is take advantage of it while you can.

Bitcoin is no longer a potential crypto currency that would be used in Nigeria it's actually the future... Few months ago the Nigerian government put some laws in place to try to ban the use of crypto in the country but more people actively got themselves involved in it..some companies in  Nigeria transact with Bitcoin and in a few years from now I think it's going to be normalized. A lot of people that didn't invest in it few years ago are now regretting especially after seeing the massive pump this year, a lot of Nigerians are waiting for the dip so they can buy and hodl.

Here in Nigeria, the leaders and government want the citizens to be poorer because they believe that the poorer the people are, the easier they are for them to manipulate. You can see the various dramas that they display during election campaigns including frying akara, eating with beggars and even sleeping in the bed of the sick. All these are ways they mock the poverty of the people, same poverty they create because they know that if the people are rich, those things will not sell.

This is the reason the government will hardly allow Bitcoin to thrive freely. More so, they see it as a threat to the conventional banking system that they are using to control the people because most of the politicians have stakes at the banks. Nevertheless, no matter how they try to stop Bitcoin, Bitcoin will continue to grow and spread in the country and more people will continue to embrace and invest in it.

No mate, the leaders you've are not anti-Bitcoin. They don't want you to invest freely in Bitcoin since you'll be free from their entanglements in all sorts and control your money instead of subjecting it to them. Their principle of effective ruling is by keeping the masses hungry, deprived and vulnerable and if you're into Bitcoin successfully, that aim is defeated and you'll possibly not be needing them for anything, just like me now. I don't really have any much business with government parastatals apart from occasional contracts which they still benefit plenty times more than me in the process.

Most of our leaders have good investments in Bitcoin and hide most stolen monies there away from financial track record history.  Our survival is in our hands and well as our future, so we need to embrace Bitcoin to ensure that we have freedom in our finances and a step above government restrictions

I don't know if Nigerian government don't want everyone to be okay, in the terms of financial.
The government want us to channel our hustling which dey can't provide jobs opportunities to everyone in Nigerian but Bitcoin nd cryptocurrency has made everything easy for Nigerian to make investment and aim money without waiting for the government....

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.

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.