₦airaland Forum

Esseite:
Atiku is just chasing clout... CBN took the best decision.

Unregulated Crypto currency is a lazy investment that tilts more on outflow of FX rather than inflow.. it is death sentence to import dominated countries.

E.g- I buy bitcoin with N10m that would be domiciled in source Nation(not Nigeria).. if it rises in 1 year by maybe 10%, I may have gained 1m as an individual, but I have starved my country economy of recycling my 10m if it was domiciled in a Nigerian bank or invested into the society which could have produced more than 10% while creating jobs.. note as an import dominated nation, the chance of loosing that 1m as another escaped forex is 95% on foreign goods while 5% I may spend on local food.

The Nigerian greed for small margins has blinded a lot of people, imagine Crypto currency trading far beyond your indigenous Stock exchange and some feel it's okay

Modified:
With all the mentions and insults, if we put this same energy into investing in Nigeria, would we be complaining of unemployment?... someone actually said he has over 1,000btc in his wallet, that's about $35m or N16.450bn just waiting to flip currency and make small margin rather than real investment that creates jobs for the economy, but we are quick to say no jobs.

Ejlove4u:
someone that can't hear anything is the person you are appealing to!

if you want to pass a message to him, send it through a cow form and he will quickly respond...

he believes in cows more then human

Esseite:
Atiku is just chasing clout... CBN took the best decision.

Unregulated Crypto currency is a lazy investment that tilts more on outflow of FX rather than inflow.. it is death sentence to import dominated countries.

E.g- I buy bitcoin with N10m that would be domiciled in source Nation(not Nigeria).. if it rises in 1 year by maybe 10%, I may have gained 1m as an individual, but I have starved my country economy of recycling my 10m if it was domiciled in a Nigerian bank or invested into the society which could have produced more than 10% while creating jobs.. note as an import dominated nation, the chance of loosing that 1m as another escaped forex is 95% on foreign goods while 5% I may spend on local food.

The Nigerian greed for small margins has blinded a lot of people, imagine Crypto currency trading far beyond your indigenous Stock exchange and some feel it's okay

Modified:
With all the mentions and insults, if we put this same energy into investing in Nigeria, would we be complaining of unemployment?... someone actually said he has over 1,000btc in his wallet, that's about $35m or N16.450bn just waiting to flip currency and make small margin rather than real investment that creates jobs for the economy, but we are quick to say no jobs.

Kwanza:
https://www.pmnewsnigeria.com/2021/02/06/atiku-appeals-to-buhari-dont-shut-down-cryptocurrency-business/

Esseite:
Atiku is just chasing clout... CBN took the best decision.

Unregulated Crypto currency is a lazy investment that tilts more on outflow of FX rather than inflow.. it is death sentence to import dominated countries.

E.g- I buy bitcoin with N10m that would be domiciled in source Nation(not Nigeria).. if it rises in 1 year by maybe 10%, I may have gained 1m as an individual, but I have starved my country economy of recycling my 10m if it was domiciled in a Nigerian bank or invested into the society which could have produced more than 10% while creating jobs.. note as an import dominated nation, the chance of loosing that 1m as another escaped forex is 95% on foreign goods while 5% I may spend on local food.

The Nigerian greed for small margins has blinded a lot of people, imagine Crypto currency trading far beyond your indigenous Stock exchange and some feel it's okay

Modified:
With all the mentions and insults, if we put this same energy into investing in Nigeria, would we be complaining of unemployment?... someone actually said he has over 1,000btc in his wallet, that's about $35m or N16.450bn just waiting to flip currency and make small margin rather than real investment that creates jobs for the economy, but we are quick to say no jobs.

Farolo:
What people like you don't know is the market is fluid and just like water, it must find its level or its way.

Patriotism doesn't build an economy or market. Policies and approach to business does. All you wrote is just hogwash. I apologize.

How many ordinary people trading on the stock market have made a profit? Matter if fact, stocks we bought since 2007 have not even yielded their capital because of the scam and in-trading going on in the NSE.

You treat people like shlt, they flourish and you're trying to stifle them? It won't even work.

You also raised a point about keeping your money in the bank so they can round trip, and "boost the economy" Lol.

These banks make money off you, while you remain poor; this is not putting hyper inflation which has come to be today into consideration.

An example is this. Sometimes in 2020, I ran about ₦30M through my account. Do you know for the months my funds were there, FCMB were stealing from me? Yes literally stealing because the arbitrary charges they were collecting weren't even reflecting in my account statement and they didn’t even send notifications for them.

In all, the CBN made a wrong call and they will lose more because

1. THEY CAN'T BAN BITCOINS.

2. Nigeria was just beginning to be a global hub for fintech. That's gone now.

3. Jobs will be affected and you know the funny thing, this does not even affect the peer to peer bitcoin exchange industry in Nigeria. It's the exchanges who were creating jobs this policy affects not bitcoins per se.

Also if history has thought them nothing, they should know Nigerian youths are very good innovators and this is just a speck of stone thrown at a behemoth wall. I currently have over 1,000 BTC in my wallet as we speak and I'm not even moved one bit!

groomed:
idiot, there are people like us that receive funds in Bitcoin and we run monthly figures in hundreds thousands of dollars... within a subsection of nairaland here. Let's not talk about the the entire Southern Nigeria

But you APC baboons and wasted sperms will come here (after your whatsapp meeting) to tell us that APC led admin made the best policy to kill your motherfucking mother... I COULD put a gun through your lungs... yes, I said what I said.

Do you have any business, do you? God knows the day I will meet any of you bastard offline supporting this demonic party offline just because you are benefiting from it, BLOOD MUST FLOW and I am really looking forward to that day.

showietee:
Best way around crypto currency is to ban what they have not say or control over that can manipulate their economy and put in place their own controlled digital currency

Melodriod:
Stop selling your self short bro, stop doing 2k logo

MyOpinion1:
There is nothing manipulative abt crypto
They ought to put restrictions on the amount of money you can withdraw to crypto account..
Banning financial institutions from it won't stop Nigeria from trading it and the economy will be losing money

Esseite:
Atiku is just chasing clout... CBN took the best decision.

Unregulated Crypto currency is a lazy investment that tilts more on outflow of FX rather than inflow.. it is death sentence to import dominated countries.

E.g- I buy bitcoin with N10m that would be domiciled in source Nation(not Nigeria).. if it rises in 1 year by maybe 10%, I may have gained 1m as an individual, but I have starved my country economy of recycling my 10m if it was domiciled in a Nigerian bank or invested into the society which could have produced more than 10% while creating jobs.. note as an import dominated nation, the chance of loosing that 1m as another escaped forex is 95% on foreign goods while 5% I may spend on local food.

The Nigerian greed for small margins has blinded a lot of people, imagine Crypto currency trading far beyond your indigenous Stock exchange and some feel it's okay

Modified:
With all the mentions and insults, if we put this same energy into investing in Nigeria, would we be complaining of unemployment?... someone actually said he has over 1,000btc in his wallet, that's about $35m or N16.450bn just waiting to flip currency and make small margin rather than real investment that creates jobs for the economy, but we are quick to say no jobs.

jornwhite:
IF you've been observance you would know atiku solidarity/support to any course under buhari administration further complicate issues.
Infact atiku as just succeeded in making buhari feel he did the right thing ... which is fighting corruption.

Druss:
Where do we lose more money; corruption or investments in cryptocurrencies? What next? They will crack down on Trove, Bamboo etc because people use it to buy foreign stocks?