Quote from: pgrade00 on August 28, 2021, 01:27:33 PM

This ignorance they hold back some people from getting into it fully, as government come dey against am, that one make am worse.

You are absolutely right. But never mind me, I think we need to differentiate when to use government or CBN. In my opinion, so far no bill was passed by the legislative arm of government in Nigeria and no bill signed by the president (Mohammedu Buhari) to illegalize the use of cryptocurrencies in Nigeria, I think we should not use government in this regard, using government can even create more fear among Nigerians. It is CBN than ban cryptocurrencies in Nigeria while the use is actually not deemed illegal but direct bank-crypto transaction is what is not possible for now due to the CBN ban but crypto P2P transactioni are 100% legal in Nigeria.

I am not implying your points to be wrong, you are completely right in my opinion, even CBN ban could have made some Nigerians not to invest in bitcoin and other crypto assets, and yet many people are not crypto literate enough.

Quote from: oyster on August 28, 2021, 02:41:38 PM

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Removing the fuel subsidy should definitely result to price hike in Nigeria, but according to what I read recently, it is said that the price will not be increased much to the extent Nigerian economy will be affected and that it will not be instantly, but I know this is Nigeria, we should be expecting price hike in my opinion. The federal government are tired of paying the fuel subsidy. Nigeria will use 94% of its revenue for servicing debt, you know Nigeria is in debt as this present government are mismanaging the country.

Quote from: IT-BENDER on August 28, 2021, 08:34:17 PM

she actually said she wanted to start with $10 which is about our 5,000 naira but the person turned it down saying it's to small to start with and it's below trading minimum on binance, that she should have at least $200 which is about our 100,000 naira

You can trade even below ₦510 ($1) on some exchanges.

On binance, you need to have a minimum of ₦5100 ($10) for spot trading, but you can trade less than ₦510 ($1) to go long or short on future contract.

₦5100 is enough to hold, but not enough to trade on binance because she will need to first learn spot trading even if she want to learn future trading. But using ₦100000 is also too much for beginners, having ₦25000 is enough to begin trading on Binance, and not all will be used at ones.

I believe you teach her how to hold? Because as a beginner, she may only want to hold, confusing it to trading.

Quote from: athrixxx on August 28, 2021, 09:37:32 PM

This is not funny at all, when the government is contributing less on the youths, yet still imposing sanction on having huge amount in ones account as EFCC collaborate with banks to query our source of income, I swear dem go search tired.

It is better to have money in Bitcoin and other cryptocurrencies like Tether, only the money to spend should be in naira, naira is depreciative.