TheRareGem1:
And when CBN said the same thing in Nigeria people thought it was out of ignorance.

Many people even drag Osinbajo...abeg is he the CBN governor or the President?

Nigerians.

Billyonaire666:
Makes no sense.

If you invest $100K on bitcoin as a store of value, you will expect it to double in value within a very short period of time, as a smart investor, you should withdraw the $100K in 3 digits batches and have just your profit sitting there to the moon.

The crypto future guarantees enjoyable future without work.

Just invest in future tech IPOs and ICOs and sit back and read books and watch movies and 'eat' from your money working in the hands of tech engineers and their technologies.

Savvy?

This is the future that your dull Federal Government is too ignorant to foresee.

MichaelSokoto:

pls wats IPOs & ICOs?

Adasun:
what is ipos and icos

Miyachi:
Truth is fiat currency can also be used for illicit purposes.

Also note that Bitcoin is not truly anonymous as blockchain transactions can be traced, they include IP and other metadata. With a little time and effort you can unmask both sender and receiver.
I think the main issue is censorship and control. The United States needs the Dollar to be de facto world currency for trade so that they can threaten and control other countries by means of sanctions, trade embargoes, etc.

They don't control bitcoin and it is a threat to their control and dominance in the international financial market.

Miyachi:
Truth is fiat currency can also be used for illicit purposes.

Also note that Bitcoin is not truly anonymous as blockchain transactions can be traced, they include IP and other metadata. With a little time and effort you can unmask both sender and receiver.
I think the main issue is censorship and control. The United States needs the Dollar to be de facto world currency for trade so that they can threaten and control other countries by means of sanctions, trade embargoes, etc.

They don't control bitcoin and it is a threat to their control and dominance in the international financial market.

kpaofame:

That said, the US have not placed a ban on crypto, some financial institution there are even about creating atm and atm points for crypto transaction. If they did not follow their own FBI advice to ban it...why is CBN so fast to act on the advise

Miyachi:
Truth is fiat currency can also be used for illicit purposes.

Also note that Bitcoin is not truly anonymous as blockchain transactions can be traced, they include IP and other metadata. With a little time and effort you can unmask both sender and receiver.
I think the main issue is censorship and control. The United States needs the Dollar to be de facto world currency for trade so that they can threaten and control other countries by means of sanctions, trade embargoes, etc.

They don't control bitcoin and it is a threat to their control and dominance in the international financial market.

Monogamy:
It's already $45k.

If you have bitcoin, you better sell now cos the price will still come down further

SavageResponse:


You people need to stop pushing this lie, it is not practical to use an asset whose value fluctuates wildly as legal tender.

How would you feel if your salary is in Bitc0in? Today it's worth $50,000 and tomorrow it's worth $20,000. It means you don't have a stable salary and you cant's make realistic plans with it...no bank would even agree to lend you money because the value of your salary in future is indeterminate!

Miyachi:

Yes they've not banned it, but it's heavily regulated in the US. You pay capital gain tax on any BTC you own. And the US mandates that all exchanges that cater to US customers carry out extensive KYC. So, yeah, they've not banned it but they know who owns what.

TheRareGem1:


https://www.channelstv.com/2021/02/23/bitcoins-price-tumbles-after-us-regulator-says-it-can-be-used-for-illicit-purposes/

isaacsegun:

This clearly shows how ignorant some of you are about crypto currencies. There are stable coin like USDT, USDC, BUSD, TUSD and many more that their value are tied to United States Dollar, these coin are non volatile coin. You can simply convert your crypto assets so any of the above listed stable coin if you are having fear of volatility. But many ignorant like you thought Bitcoin is the only crypto currency available.

TheRareGem1:
And when CBN said the same thing in Nigeria people thought it was out of ignorance.

Many people even drag Osinbajo...abeg is he the CBN governor or the President?

Nigerians.

int0x80:
That's a no brainer, crypto currencies have been hijacked by the men of the under world and that's extremely dangerous! It's time that shit gets regulated or bursted!

Ekeeyhandsome:
Most of you Speaking against bitcoin, cant even afford $100 worth of bitcoin, yet you are advising people against it.

Let me ask all these anti bitcoin members here a question ..
Did Abacha used bitcoin to move all his loot out of Nigeria?

For y'all info,I have more than 1bitcoin and yes it's my money,if u don't like it, go and shoot yourself.
And just for the record, bitcoin has gone up to $50k/ $51.. it will continue increasing

Wolfeye:


Buy a brain. Who is controlling the dollars that run the world... upper world men? Oponu

TheRareGem1:


https://www.channelstv.com/2021/02/23/bitcoins-price-tumbles-after-us-regulator-says-it-can-be-used-for-illicit-purposes/

priceaction:
First of all op, try to always edit your post. You guys will just come carry and paste without proof reading and removing all those junks inside. Na wa..

To the topic, It's been predicted several times. The ride to the top was so fast and swift all these days, so expect many cash out on that. Its gotten to her peak and its expected to drop drastically before consolidation. Even many thought its gonna happen at 50k.

Besides, it's end of the month, monthly candle draw down is expected to come after a bull run. It's always good to analyse again at the beginning of the month. It might get direction that time. But now, Na the person wey wise go run out faster to avoid being trapped.

Again I don't know why many people concentrateon btc, while there are many other c.. rypt..o c...oin that are less volitile and people still hold..

When most major Co..ins drop, some altcoins are rising. That's part of the check and balancing in such m... arket.

Some will say buy the deep, me no sabi when deep start so I don't buy such.

I only run with the sharp trend way up, when there is high aptitude and momentum resulting into high volume.

What ever I see in few days and weeks I keep. No time for stories.

int0x80:
Dollar is regulated!

Miyachi:
Truth is fiat currency can also be used for illicit purposes.

Also note that Bitcoin is not truly anonymous as blockchain transactions can be traced, they include IP and other metadata. With a little time and effort you can unmask both sender and receiver.
I think the main issue is censorship and control. The United States needs the Dollar to be de facto world currency for trade so that they can threaten and control other countries by means of sanctions, trade embargoes, etc.

They don't control bitcoin and it is a threat to their control and dominance in the international financial market.

isaacsegun:

This clearly shows how ignorant some of you are about crypto currencies. There are stable coin like USDT, USDC, BUSD, TUSD and many more that their value are tied to United States Dollar, these coin are non volatile coin. You can simply convert your crypto assets so any of the above listed stable coin if you are having fear of volatility. But many ignorant like you thought Bitcoin is the only crypto currency available.

Wolfeye:


Lmao by who and to the advantage of who??

Saying dollar is regulated is like saying there a pack of lions that hunt and keep for other lions.
Some of you don’t even understand life.

Karleb:
But the Naira and Dollar cannot be used for illegal purposes. Bravo!

blamingthedevil:
It is fraud. It has no back up product , that serves as basis for transactions.