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Nairaland Forum / Nairaland / General / Investment / Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency (17175 Views)
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Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Sniper101(m): 8:30pm On Jul 26, 2019 |
Crypto currencies like litherium, Bitcoin, Billioncoin, etc would be the new mediem of making 'untraceable' payments in the near future. Nigeria & Nigerians aren't aware of this fact, yet. |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Waksdabos(m): 8:35pm On Jul 26, 2019 |
frowland:Really?! Rather you're the one missinformed! Don't let the world leave you behind. Open your mind & be dynamic. |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by rabzy: 8:52pm On Jul 26, 2019 |
efemena5050: Those who understand the technology knows what he is talking about |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by rabzy: 8:55pm On Jul 26, 2019 |
Xisnin: You trade in crypto and you know it is no different from mmm or gambling?... Pls just stop 1 Like 1 Share |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Xisnin(m): 9:13pm On Jul 26, 2019 |
rabzy:Crypto used to have one major function which is privacy for geeks. Then it was of little value until speculators stepped in. Many people who managed to make some change from coins trading love to defend what they don't understand because of course, they made some money, so it must be magical. |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Greatzeus(m): 9:22pm On Jul 26, 2019 |
Newguyhere:Yea MMM changed some people's lives too,I knew someone who bought a car from it,does that make it right? |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Soul47(m): 9:24pm On Jul 26, 2019 |
Xisnin: What are you spilling Chief. First you likened Crypto to MMM, later Bet9ja, now are you implying that crypto (Btc) is no longer private? Even if you want to be the opposition, atleast present valid submission. In MMM you help people, hoping someone else will join the system and help you, with a higher amount right? That's not the idea of Bitcoin. In Bet9ja you wager against the occurrence of an even with a level of probability right? If you guessed it right you get a stipulated reward for that, if wrong you loose your waged amount (stake) right? That's not the idea of Bitcoin. As for privacy, till the end of time, you cannot get any single information about me from my Bitcoin wallet address. Same for others right? But your BVN can land you in jail. So what are you saying Chief. My advice, don't advertise your ignorance. 1 Like |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by SheikhMuniru(m): 9:33pm On Jul 26, 2019 |
M :- MUGUN M :- MOWO M :- MIWA |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Xisnin(m): 9:39pm On Jul 26, 2019 |
Soul47:It has always been private for the general public. Even if you want to be the opposition, atleast present valid submission. Actually, it is. I just told you the 2 functions of cryptos, privacy, and speculation. The privacy aspect is no longer important safe for geeks. You buy bitcoins hoping bigger fools will buy it from you at a higher price. When there are no more fools, the system crashes and have to reboot from lower amounts. That is MMM 1.0 Common, we all understand context and connotation. When I buy bitcoins at a particular price, I am placing a wager that it will increase in the nearest future. If it doesn't, I lose. If it does I win. Gambling is about wager, not the conditions attached. Just don't commit a major crime. You will be fished out. I don't have the resources to get your details but the government does. Let me share a secret with you. If you have ever exchanged crypto for fiat in any form or platform, you are traceable. Have you heard about cryptocurrency laundering services? That is what some smart criminals use to further make their transactions untraceable because they know that the privacy and security of cryptos are not bulletproof. Even with such service, there is still a chance of being traced. I am not the one who thinks their safety is guaranteed because they use cryptocurrencies. Everything about you can be determined from your wallet address. |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Keywordconcept(m): 10:04pm On Jul 26, 2019 |
It's here already, just educate yourself. |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Soul47(m): 10:22pm On Jul 26, 2019 |
Xisnin: All wrong. Nothing about you can be determined from a wallet address. Try this qrhqq0zzq5646yy306axe9a76epj0dr575cpgre64m What will you get from that... My name, my address, my mail, the company that assigned me the wallet address. We have gone too far, which wallet address is it for, Bitcoin, ZCash, Bitcoin Cash, Ethereum, Ripple, Dodgecoin, Decred, Nas, Tron, common, just tell me the coin add alone. I will try and respond to other counter submissions tomorrow. But will you agree with me that crypto is nothing like MMM or Bet9ja? You dont stake to win or loose. You buy a digital currency to use for various purposes, conventional buying and selling, crytotrading, store of value, etc. It's not a game of odds and GH or PH. |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Soul47(m): 10:35pm On Jul 26, 2019 |
Xisnin:Will you liquidate your assets and hold onto cash? Again, when inflation occurs will you go to the government to get you money's formal value? And what's the assurance your Naira will appreciate? It used to be #1=1$ right, how far have our naira appreciated over the years, how far have Cryto appreciated over a quarter -quarter of that? 1 Like |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Mftivi: 4:12am On Jul 28, 2019 |
Soul47:that guy too daft abeg! You can be traced with your wallet of you put in in a public profile maybe in a forum that has space for that (you have attached a face to the wallet) 2 Likes 1 Share |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Mftivi: 4:46am On Jul 28, 2019 |
Xisnin:let me educate you small. Crypto currencies never crashed they dipped. Pop open a technical chart of any popular stock you know on the NYSE then Open a BitCoin chart too. You will spot an up and down movement but you will notice that the slope is tilted towards the upside signifying progress in price levels. Good technical analysts like myself and many others have mastered the art of selling highs (tops) and buying lows (swing low, "a higher low) the secret that pessimists like you have not discovered is that even though price comes down till it's scary, it never goes lower than the other time and that creates an overall bullish trend or structure where you see higher highs and higher lows. Open a currency pair chart say EURUSD and also open USDNGN. You will find that EURUSD have been going up and down but overall it has no particular direction, you will also notice that USDNGN have been in a perpetual uptrend which means that Naira have been falling in value with reckless abandon! A fool who invested in BitCoin have been proven wiser that a wise person who held 100% cash position. The former saw his position appreciate the later saw his money become of less value. Moral of the story ? Understand the asset class and fucking buy dips! 2 Likes 1 Share |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by Soul47(m): 5:45am On Jul 28, 2019 |
Mftivi: How many people care to update their wallet infor? You guessed it. Only way one can be traced is if like you said I have updated my personal information on the forum or exchange which is not a prerequisite for owning a wallet. He has no idea of crypto that's why he spilled those things in the thread. Your first response to him was quite funny, about him quoting you without having idea the topic being discussed. Lol 1 Like |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by AlphaSoul: 6:04pm On Feb 15, 2021 |
NotJobless: |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by AlphaSoul: 6:29pm On Feb 15, 2021 |
Mftivi: |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by AlphaSoul: 8:11am On Feb 16, 2021 |
nextstep: |
Re: Nigerian Deposit Insurance Corporation Warns Against Cryptocurrency by SavageResponse(m): 9:16am On Feb 16, 2021 |
kirkwood: Please list just 5 countries that have adopted and approved cypto! 1 Like |
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