Topic: what is the future of bitcoin in Nigeria? - page 3. (Read 649 times)

Due to a good perspective, bitcoin has a bright future in Nigeria, but due to some consideration, like from the government side, I think we might have a setback of cryptocurrency because a lot of people are really trying to gain knowledge about cryptocurrency, but without a good adoption from the government, noting will go that far, and some people still go to the wrong way to obtain their knowledge, and it will also affect them in the future.

Them dey ahead of us. Nor be by number of P2P transactions you go use do your assessment. Nigeria government nor dey crypto friendly and their policies dey make crypto companies nor dey fit invest for Nigeria or do business here. So in terms of the business and investment aspect of bitcoin, investors go prefer to do their business for countries wey dey crypto friendly than to risk doing business for Nigeria.

I don't think those countries are ahead of us, we can only say that they are ahead of us because they are openly dealing with bitcoin and their government gives permission to it, but that doesn't mean that we aren't doing well. If you must know the number at which we are running p2p services are much higher than those countries and like I observed Nigeria has the most active cryptocurrency involvement in the whole african and has ranked number 1 among all but even as that they are not Bitcoin friendly (this statement is just like a mirage) but yet people are getting involved in every moment.

Yes, OP dey talk in terms of bitcoin adoption for Nigeria. We know say bitcoin adoption rate differ from country to country. For example country like El Salvador wey adopt Bitcoin as legal tender don dey ahead of us for bitcoin adoption or countries way get bitcoin friendly policies still dey ahead for the bitcoin space compared to those wey dey live for anti-bitcoin countries.

Does bitcoin has any specific future for each country if I may ask?
Your question is just like saying ' I will go to bed and sleep but I don't know when to wake up' knowing too well that one must wake up, except that person is critically ill at a point where he wouldn't know to give up or still live.
The thing is, we all optimistic about bitcoin but there is no preference to people in Nigeria about bitcoin but we all have same accessibility to operate in bitcoin, buy, sell trade this same right are giving to everyone all over the country and globs, except for those are still in the 4 and 5fit world country where they lack means of communication or technology. Even as that we have great future provided everyone has access to net and of course this century people are easily open to learn and teach themselves things even without having to move from their respective homes.

You have to be confident in your abilities as a person to talk about Bitcoin. It's better to be negative about what the government has done or could do where our government adds a lot of lame excuses as barriers to Bitcoin adoption. As a Bitcoin investor you should continue to accumulate Bitcoins as much as you can and tend to enjoy your financial freedom as a holder in the future. By making reasonable and continuous deposits over a long period of time you can become a holder and be positive for profit.

Bitcoin should be considered as a reliable source of alternative income rather than a career and with the possibility of getting high holdings as well as verifying one's ability by depositing every week or every month.

Future of Bitcoin here, are you referring to Bitcoin being adopted as a currency in the country or you mean as a source of income for Nigerians. As for Bitcoin being accepted in Nigeria, it's very possible and it takes only one brilliant president that's sees the potential in adopting Bitcoin for it to be adopted.

Although for now that shouldn't be Nigeria problem because there are still lots of things that need to be solved before Bitcoin being adopted. We can do everything simultaneously but we know how things work in the country therefore, it's better we solve one problem before moving to the rest. The problem in Nigeria is the economy because with a strong economy that has lots of job opportunity, the youths won't be jobless and desperate as we are.

This is no time anymore to hold on to a certificate or degree for survival because if you get to assess the path the economy policies are leading us to you'll get to understand that engaging either in agro-business, learning a trade or skill is now the new way out to fend for oneself without waiting for any whitecolllar job that's coming from nowhere. Thanks to bitcoin, you can always use a percentage of whatever money you make from your skill or business to invest using the DCA strategy which could be helpful in not just making profit for the investor but also serving as a hedge against the devaluing challenge of the naira.

Nigeria happens to be one of the most promising grand for bitcoin and other cryptocurrencies projects, regardless of the current misunderstanding that is coming for me the various government officials and sec who shows a lack of understanding and knowledge about cryptocurrency most especially decentralized cryptocurrency like bitcoin., we should expect a more promising future for bitcoin in Nigeria, and as early adoptors of bitcoin in Nigeria all that I can advice is that, you shouldn't all be w the current crisis in the industry to kill your motivation, because even the government officials that are causing all the crisis in the industry doesn't have the ability to properly understood what bitcoin is all about before jumping into attacking bitcoin.

On the issues of unemployment and the quest for alternatives source of income by Nigeria youths, the fact is that it has become a source for easy money for many of the youths lately, such that they believe bitcoin and cryptocurrency is a way of making easy money, but in the real sense, it is not so, there is need.for hard work and consistency to make any good path in the cryptocurrency industry, but lately many and most Nigerians are now involved in what we call memecoin farming through their telegram apps but at the end they are still far from making the right choices and approach to what bitcoin really is all about.

While we are all complaining about the economy of the country, i think there are also a lot of people that are making it huge, not involving the new quick money routes the youth are taking, there are many more legit ways in which money is being earned and from such means we can agree that Bitcoin future is going to be save and more people will definitely get involved.

The favorite thing about the country is that young ones are growing and not fully dependent on educational certification like back then when it mattered the most, now the youths are really embracing the digital era, following the recent digital schemes which Bitcoin is having it's participation, more people will be joining the community as time passes.

Bitcoin get very promising future for Nigeria. If not for any reason but to use as hedge against inflation and investment. I no think say anything go fit slow down bitcoin adoption for Nigeria, government don try to frustrate bitcoiners but e nor work. Nigerians know say the country dey worse day by day so you need to be your own government; provide your own electricity, provide your own security, and you’re expected to create jobs for yourself and others. Bitcoin give us that extra edge to fit survive for Nigeria and na why I believe say this technology go continue to grow for Nigeria.

The future of bitcoin in our country (Nigeria) is already good and clear because a lot of Nigerians are aware of bitcoin; they know how it works and the benefits that come with investing in bitcoin for the long-term purpose. Bitcoin has helped a lot of Nigerian youths gain financial freedom, which has allowed them not to depend on our government to pay their bills. Bitcoin is a gateway that people see as a way of defeating poverty easily in Nigeria, which has allowed many Nigerian youths to adopt bitcoin and also teach their relatives about bitcoin so that they will know what bitcoin is all about and possibly start their bitcoin investment anytime they are ready to invest in bitcoin. You can see how our government tried to stop us from using bitcoin, but they failed to achieve that since nobody can control bitcoin.

Nigeria is already ranked the number 2 on the world cryptocurrency adoption record as of 2024; this already shows how serious we take crypto currency here in the country. 
 
Bitcoin doesn't give jobs, but the majority of Nigerians have been able to figure out how they can be earning from bitcoin either by offering remote jobs and getting paid with bitcoin or by just getting involved in trading it (day trading) and making their profit from each trade that they carry out. Some have also been able to control a great number in the P2P market, which is a great area I see people making profit from as there are thousands of people either looking for who to sell to or who to buy from.
 
In times to come, I believe Bitcoin will be more popular than the way it's currently in the country. One thing that you can also look at to see that Bitcoin has a great feature in the country is that even with it not being directly banned and directly legal, there is still mass adoption and participation in it.

The future of bitcoin will be great in this country. Because, as you said earlier, many individuals are already learning about bitcoin and cryptocurrency at large, so this means there are a lot of people who are getting to know much about bitcoin and cryptocurrency, so this is to tell you that in the future many Nigerians will have the knowledge about bitcoin.

If you look at the youth of this country now, many of them want to learn bitcoin trading so that they can be able to meet up their needs, which means many Nigerians are already familiar with bitcoin and cryptocurrency.

I believe in the future bitcoin will be a great opportunity for us, the youth of this country, because it will help the unemployment. Although I’m not saying it will be a full-time job, but just a side hustle that will be doing putting our money in there and waiting till when it reaches time to take profit because we all know bitcoin is a very big digital asset in the future. 

Good day to my fellow members.
Did you ever wonder what the future of bitcoin will be in Nigeria? It has been in my head for a long period of time now, which made me start thinking about the future of bitcoin. Due to the current situation of our country, a lot of graduates are out there without jobs and noting doing which all of them are focusing on other alternatives that will provide them with enough money to sustain a living. Many of them have embarked on learning about things like cryptocurrency, dropshipping, real estate, farming, and various businesses. So this is one of the reasons that made me start thinking if the future of bitcoin in Nigeria will be good or not.
I will like us to share our thoughts that we have about the future of bitcoin in Nigeria.