Re: Bitcoin's Relevance In Nigeria Economy

Quote from: Mehmet69 on July 28, 2025, 08:48:34 PM

Quote from: Sammye3 on July 27, 2025, 10:43:11 PM

In 2022, Bitcoin's price plummeted with stock price volatility and they were discussions against the success of Bitcoin. But with popular research and discoveries, here are some few improvements with the innovation of Bitcoin's resurgence .
The use of Bitcoin is increasing day by day. Bitcoin has been in the market since 2009. But it was not popular then because people did not know about Bitcoin. The ups and downs of the market are not a big deal based on the stock market in 2022.
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The use of Bitcoin is increasing day by day. Bitcoin has been in the market since 2009. But it was not popular then because people did not know about Bitcoin. The ups and downs of the market are not a big deal based on the stock market in 2022.
~~"I agree with you mate,~~
In the beginning of Bitcoin, the common man did not have enough information to understand its technology. Some people invested knowingly or unknowingly and later sold it when the price fell. Since then, many people consider Bitcoin to be a scam. Since the touch of modernity, people have started to know about everything. People knew about Bitcoin for some time. But, they did not know what the nature of Bitcoin is?
Yes, Bitcoin users have increased more than before. In 2009, not many people were familiar with Bitcoin, and people did not have much confidence in holding Bitcoin. However, since 2018, there has been an increase of three days in the number of Bitcoin users. Since it has been promoted on various social media, people are getting an idea about Bitcoin very easily. Currently, most countries have accepted Bitcoin as their popular future asset. So it has fallen a lot compared to before and I think it will spread more soon.
If we do not know about something, then how can we say whether it is good or bad? The same thing happened in the case of Bitcoin. People knew about the stock market in advance. When that market crashed, many common people including investors also became aware of the matter. After that, people's misconceptions were broken. Now over time, Bitcoin will become more usable. Because now not only ordinary investors but also various companies and countries have started using Bitcoin as their next reserve.
~~[/quote]~~

"I agree with you mate,
In the beginning of Bitcoin, the common man did not have enough information to understand its technology. Some people invested knowingly or unknowingly and later sold it when the price fell. Since then, many people consider Bitcoin to be a scam. Since the touch of modernity, people have started to know about everything. People knew about Bitcoin for some time. But, they did not know what the nature of Bitcoin is?
Yes, Bitcoin users have increased more than before. In 2009, not many people were familiar with Bitcoin, and people did not have much confidence in holding Bitcoin. However, since 2018, there has been an increase of three days in the number of Bitcoin users. Since it has been promoted on various social media, people are getting an idea about Bitcoin very easily. Currently, most countries have accepted Bitcoin as their popular future asset. So it has fallen a lot compared to before and I think it will spread more soon.
If we do not know about something, then how can we say whether it is good or bad? The same thing happened in the case of Bitcoin. People knew about the stock market in advance. When that market crashed, many common people including investors also became aware of the matter. After that, people's misconceptions were broken. Now over time, Bitcoin will become more usable. Because now not only ordinary investors but also various companies and countries have started using Bitcoin as their next reserve.
~~[/quote]~~It is very unfortunate that earlier there was not much information known about Bitcoin, due to which they could not analyze it much, they always faced losses. There are many who sold it at a price much lower than that, thinking that Bitcoin is a fraud. However, in today's era, it has been made much easier to observe this Bitcoin on various social media, those who are completely new can easily get an idea from YT videos. So it has become much easier to test Bitcoin now than before, but he must have the highest knowledge, and he must have a correct understanding of the technical strategies or fundamental strategies that are there. However, he can test any currency and make a holding for a short time or a long time.