Post
Topic
Board Nigeria (Naija)
Re: The Optimum Usefulness of Bitcoin in Nigeria
by
Gentle_Soul
on 01/08/2025, 19:03:38 UTC
When it comes to Bitcoin transactions in Nigeria, judging from the Bitcointalk forum and my personal discussions with some Bitcoin savvy individuals, I’ve always noticed that if it's not about holding, then it’s either trading or staking. Most of the P2P posts here including those warning us about scams seem to be related to trading, from what I can tell at the moment.
Given the nature of Nigerian society, many people might not be tech-savvy enough to become traders or get into staking, which narrows down the option to f simply want to hold.
I believe we can all agree that the ultimate goal has always been to make Bitcoin a legal tender.

Now, I don’t want to limit the usefulness of Bitcoin, so I’d like to ask; have you had more real-life problem-solving situations where you had to make transactions with Bitcoin? For instance, have you ever used it to purchase land, pay a bride price, or buy a new car?

This question aims to open more people’s eyes to the endless opportunities that can come from investing in Bitcoin and crypto at large.

It is very challenging letting the common man in Nigeria see Bitcoin in  the dimension it really is because a lot of people think Bitcoin is not realistic currency that can be used for transactional exchanges but however there is the need to educate people in Nigeria communities more about Bitcoin
You can not in a real sense ask to pay for a service rendered using your Bitcoin especially when the person does not actually know how to use Bitcoin or probably does not have any idea of Bitcoin so I think there should be a Bitcoin sensitization and publicity just so it does not sound strange to people at the mention of Bitcoin for transactional purposes.

Also talking about trading and holding Bitcoin the easier thing to do for a simple bitcoiner is to hold , trading Bitcoin requires more skill and knowledge to avoid running loss and losing your Bitcoin but holding it especially for a long time is a way of appreciating your Bitcoin values without any stress.

Though I am yet to purchase any thing in the public using my Bitcoin, like I would also prefer a situation  where I can walk into  a mall pick the stuffs I would like to buy and pay with my Bitcoin here in Nigeria. People should begin to embrace the use of Bitcoin as it could safe a whole lot of stress.