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China Bans Financial Institutions From All Cryptocurrency Business - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessChina Bans Financial Institutions From All Cryptocurrency Business (37624 Views)

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Re: China Bans Financial Institutions From All Cryptocurrency Business by millionboi(m): 5:32pm On May 18, 2021
Mccullum:
Continue to deceived your self, crypto will be on its own and paper and coin will also be existence and relevant than crypto because not all will be able to tap the crypto due to lack of education and exposure which can't be eradicate on this planet.
and location, those at ruler area were thy is no electricity e.t.c
Re: China Bans Financial Institutions From All Cryptocurrency Business by justli:
olaxm:
All these banning up and down. First off Cryptocurrency are not supposed to work with financial institutions. It what was it was created against. So the ban are always going to be happening because those who create application to make it central are still not getting the scope. Bitcoin was designed for P2P and DEX application should be what everyone should be using to exchange crypto assests. We'll get there some day.
If you were govt you'd be concerned too. DeFi's are a big threat to established financial institutions. Think about, Liquidity Pools provide the means for anyone to access loans, stake tokens and generate high paying interests and yields(instruments only available to very rich individuals in the past)
Stock up on wealth, transfer funds...just about anything banks can do, crypto platforms can do them....

This is the future. The early birds, eat the fattest worms. Don't fool around with the bias of the elite when you're not an elite
Re: China Bans Financial Institutions From All Cryptocurrency Business by SIRPYREXX(m): 5:33pm On May 18, 2021
Visit https://nairacontract.com to sell your btc for naira within minutes. This is a peer-to-contractor platform whereby verified contractors buy your btc for naira within a few minutes of the contract initiation.
Re: China Bans Financial Institutions From All Cryptocurrency Business by Goalnaldo(m):
buchivik:
IG account needed. Pm or quote your no if you have for sale.
I have although less than 200 followers.
Re: China Bans Financial Institutions From All Cryptocurrency Business by showafrica(m): 5:36pm On May 18, 2021
InaNla:
Absolutely.


I just loaded another $5,000 after the news.


Best time to HODL... Load the boat guys...

Bought SOL $18 precisely on 29/3/21 sold today for $54. Crypto is the future.
Where do you get information of the coin you buy... My guy bought safe moon last month with 100$ now his account is showing 13k$...thats mad. I dey follow am bomper to bumper now... I go begin buy coins anyhow anytime money dey. No more keeping Naira its worthless
Re: China Bans Financial Institutions From All Cryptocurrency Business by Nobody: 5:38pm On May 18, 2021
buchivik:
IG account needed. Pm or quote your no if you have for sale.
09051084542
Re: China Bans Financial Institutions From All Cryptocurrency Business by InaNla(f): 5:38pm On May 18, 2021
showafrica:
Where do you get information of the coin you buy... My guy bought safe moon last month with 100$ now his account is showing 13k$...thats mad. I dey follow am bomper to bumper now... I go begin buy coins anyhow anytime money dey. No more keeping Naira its worthless
Now you see… and some people are here talking about banning crypto….

You may wish to follow the crypto thread here on NL
Re: China Bans Financial Institutions From All Cryptocurrency Business by Goalnaldo(m): 5:40pm On May 18, 2021
AmgrayLogistics:
grin cheesy
Crypto business is unpredictable and it's not good to be counted as an asset

Amgray Logistics
I swear. I had 80k I was not using. I decided to buy cryptocurrency what I'm seeing now would have disheartened me if I was new in crypto. 59k
Re: China Bans Financial Institutions From All Cryptocurrency Business by Twode: 5:42pm On May 18, 2021
No sir.
Thanks

ajoyeleke:
Do u consider buying a garri processing factory
Re: China Bans Financial Institutions From All Cryptocurrency Business by TheRealestGuy(m): 5:44pm On May 18, 2021
PataAlhajaKeji:
How about those that have lost a lot?

Cryptos are best held as speculative assets. Buy and sell at the right time and make your money. Nothing wrong with that. All na business.

... but holding it in the hope that it would be a widely-accepted legal tender sometimes in the future is not only stupid but unwise.

Elon Musk and China don dey show una small small. Wait until America's federal reserves lands the final blow. grin
Lmao.

Anybody who invests in something they haven't taken their time to research about or under guidance of OGs in the game is most liley gonna lose money. Same thing with stocks and forex. Nothing new there.

From your post you definitely know next to nothing about the cryptocurrency market or trading.

And FYI, it is not the first time China or anyone else is creating FUD in the market. And for experienced hands, this blowback was expected and indicated by TA of the charts, Elon Musk or not. You're just talking about what you don't know man.

Like I said, people like you will be the ones we'll be shilling our million dollar bags on in the nearest future.

HFSP.
Re: China Bans Financial Institutions From All Cryptocurrency Business by Asianjollof007: 5:47pm On May 18, 2021
InaNla:
Absolutely.

I just loaded another $5,000 after the news.

Best time to HODL... Load the boat guys...
Bought SOL $18 precisely on 29/3/21 sold today for $54. Crypto is the future.
Bro, you fit teach me this thing?
Re: China Bans Financial Institutions From All Cryptocurrency Business by ajoyeleke(m): 5:49pm On May 18, 2021
Twode:
No sir.
Thanks
Uwc boss
Re: China Bans Financial Institutions From All Cryptocurrency Business by InaNla(f): 5:49pm On May 18, 2021
Asianjollof007:
Bro, you fit teach me this thing?
So you no see my profile ? tongue


Anyway, look for the crypto thread on NL and join from there. Experts are on ground to provide analysis and recommendations as needed.
Re: China Bans Financial Institutions From All Cryptocurrency Business by Havertz10: 5:51pm On May 18, 2021
FuckHomophobes:
For the 999999th time... cheesy
this one is different
Re: China Bans Financial Institutions From All Cryptocurrency Business by Bolzay: 5:54pm On May 18, 2021
buchivik:
IG account needed. Pm or quote your no if you have for sale.
how many followers
Re: China Bans Financial Institutions From All Cryptocurrency Business by Asianjollof007: 5:58pm On May 18, 2021
InaNla:
So you no see my profile ? tongue


Anyway, look for the crypto thread on NL and join from there. Experts are on ground to provide analysis and recommendations as needed.
Lol, i no check profile o. Thanks anyway!
Re: China Bans Financial Institutions From All Cryptocurrency Business by Nobody: 6:00pm On May 18, 2021
showafrica:
Where do you get information of the coin you buy... My guy bought safe moon last month with 100$ now his account is showing 13k$...thats mad. I dey follow am bomper to bumper now... I go begin buy coins anyhow anytime money dey. No more keeping Naira its worthless
Buy $PIG and $FEG from pancakeswap. You go dash me 50$. grin
Re: China Bans Financial Institutions From All Cryptocurrency Business by InaNla(f): 6:05pm On May 18, 2021
Asianjollof007:
Lol, i no check profile o. Thanks anyway!
This is the best time to join the moving train.

We still right in the middle of the bull cycle.

Be however ready for huge volatility.
Re: China Bans Financial Institutions From All Cryptocurrency Business by InaNla(f): 6:06pm On May 18, 2021
SageX1444:
Buy $PIG and $FEG from pancakeswap. You go dash me 50$. grin
Nigerians grin
Re: China Bans Financial Institutions From All Cryptocurrency Business by neyohh: 6:08pm On May 18, 2021
donbenie:
Crypto is the future of world currency..

If you don't know anything about it..

Go and read and stop exhibiting your ignorance..

And since you are such a great Philosopher..

You should know that CHANGE IS CONSTANT..
What happens if government backed crypto goes mainstream?

Will bitcoin and other shit coins remain relevant?
Re: China Bans Financial Institutions From All Cryptocurrency Business by omoadeleye(m): 6:10pm On May 18, 2021
CandyOps:
More dips coming. Buy the dip
by the dip na e put some people into deep trouble.
Re: China Bans Financial Institutions From All Cryptocurrency Business by showafrica(m): 6:11pm On May 18, 2021
SageX1444:
Buy $PIG and $FEG from pancakeswap. You go dash me 50$. grin
Make i check them.. Though, money never dey
Re: China Bans Financial Institutions From All Cryptocurrency Business by Masterito(m): 6:12pm On May 18, 2021
Business just came, only smart investors will understand.
iampeterben:
Like seriously but I thought this crypto thing came from that region. Wahala don enter crypto be that.
Re: China Bans Financial Institutions From All Cryptocurrency Business by Masterito(m): 6:13pm On May 18, 2021
Yes of course it will be used to trade against the so called government coin.
neyohh:
What happens if government backed crypto goes mainstream?

Will bitcoin and other shit coins remain relevant?
Re: China Bans Financial Institutions From All Cryptocurrency Business by faceland:
ubaobi:
Crypto is the currency of the future, All paper based fiat currencies will eventually become useless over time due to the effects of inflation.
The earlier governments realize this and set up regulatory frameworks to regulate crypto, the better.
Crypto currency has its place in the future but it is currently mostly scam. It is like MMM. You need to convince people to buy it (exchange real money for it) so that the value would go up and you gain.
Re: China Bans Financial Institutions From All Cryptocurrency Business by MasonKendall(m): 6:19pm On May 18, 2021
Was about to start trading marijuana.

Re: China Bans Financial Institutions From All Cryptocurrency Business by juniorstar(m): 6:21pm On May 18, 2021
naijaamebo:
https://financialpost.com/pmn/business-pmn/china-bans-financial-payment-institutions-from-cryptocurrency-business/wcm/50980f36-fdd6-4431-a7f8-ebf507551d03/amp/
But na Chinese guys dey run crypto..all those boiz wey dey buy and sell..no be Chinese them they sell to. Indians inclusive but more of Chinese. Not even Americans
Re: China Bans Financial Institutions From All Cryptocurrency Business by juniorstar(m): 6:28pm On May 18, 2021
sammychimex:
I have never been a fan of crypto currency. Very unstable, has little or no legal backing, plus it's tendency to be a channel for money laundering by politicians and terrorist organizations.

It's soon going to The way of liberty reserve. If you know you know.
Why na..investment what you can afford to loose. Crypto has made many boiz in naija wealthy imagine a young guy not even upto to 35 yrs being worth over 500m nairajust from crypto. In 3yrs time I know ppl who would be worth over 200m. Guy no dull yourself. This is the best time to enter crypto. I know of one of my friends who had 1btc he bought it for just 200k but during the dip then he sold in panic if he had waited he would be a multimillionaire now.
Re: China Bans Financial Institutions From All Cryptocurrency Business by millionboi(m): 6:32pm On May 18, 2021
candygist:
What's the meaning of dips in the crypto world ?
like u dip hand inside shit,u buy at a spot
Re: China Bans Financial Institutions From All Cryptocurrency Business by Benrosaria(m): 6:33pm On May 18, 2021
The statement also highlighted the risks of cryptocurrency trading, saying vitural currencies “are not supported by real value”, their prices are easily manipulated, and trading contracts are not protected by Chinese law.[/quote]Tell this to Nigerians. Cause we are becoming gullible to believing that crypto or forex is the way forward for Nigerians. These are systems provided for blacks to coin back their lost monies.
Re: China Bans Financial Institutions From All Cryptocurrency Business by omoadeleye(m): 6:39pm On May 18, 2021
Goalnaldo:
I swear. I had 80k I was not using. I decided to buy cryptocurrency what I'm seeing now would have disheartened me if I was new in crypto. 59k
The thing about investment is that, while some people and winning it's always at the detriment of those who are loosing...

So if your money is decreasing it means some people are busy dumping the coins making the value to reduce.

It can only be pick up again when some people begin to buy...

so investment is a long term thing and not a short term thing.

So your money has to go low and go up, go low and go up before being up and if you're not careful it can begin go low again...
Re: China Bans Financial Institutions From All Cryptocurrency Business by donbenie(m): 6:48pm On May 18, 2021
Oizatobad:
IDIOT YOU KNOW WHO YOU ARE ____USELESS COW
Every F00l thinks he has an opinion..

Tueh!! angry
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