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What does the future holds for cryptocurrency in your own country??

  • Thread starter Thread starter Sincerem
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More cryptocurrency goes on in Nigeria than almost other African countries and a lack of US dollars has led some to look for other ways to hold money. Bitcoin sometimes serves as a proxy for dollars in Nigeria allowing people to hedge against naira's inflation. Most of the goods Nigerians buy are imported, US dollars are in a high demand and there's often not enough of them available in the market.
 
There are still doubts of the future of crypto currency ,because of the non constant policies of the government actually and this makes more people to consider them ,before using It has a payment methods and the government have refused to legalize the use i think.
 
Oyeleye42 said:
The Crypto Research Report has predictedbitcoin will be worth $397,000 in 2030. A major Tesla investor has predicted thatbitcoin could be worth more than $1 trillion in under 10 years.
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Wow considering the fact that bitcoin is currently the best crypto coin that sems to have the best rate, I think with time it can reach that, seeing how it is increasing in rate daily.
 
We are waiting for the central bank to unban crypto currency so that small investors like me would benefit by investing in crypto currency. Crypto currency was banned 3 years ago.
 
In my country, the government does not want us to continuously use crypto currencies, but we're smarter and binance peer to peer market place has made everything pretty much easy for us.
 
Sincerem said:
That's true, not everyone knows the importance of Cryptocurrency. They just don't understand how the system works with Cryptocurrency based on the inexperience that fazed them. Had it been they understand the whole system with Bitcoin they've been happy all day transacting with it.
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Despite the fact that cryptocurrencies are not so much popular in many Tier 3 countries, many people are still using it in many developing countries. For example, the Nigerian government has banned cryptocurrencies, but still there are many people who are actively trading coins in Nigeria.
 
Right now my country has ban financial transactions done with crypto currencies, you can not use it in the bank or any were, but I think if America lift there ban on crypto currencies my country will do the same in the future.
 
Well a lot of people have been involved in the cryptocurrency market in my country because of the somewhat liberation it has provided for the citizens of my country.
It has kept a lot of people from the streets and has a very bright future.
 
My country hasn't adapted to the use of crypto currencies. My country has instead placed a ban on crypto currencies. I honestly don't think there's any hope that the government will lift the ban soon.
 
I don't even understand what's going on right now with cryptocurrency in my country. The government are no longer talking about cryptocurrency as they see no use to deliberate on the matter, whether or not they should lift the ban they've placed on it.
However, until they lift the ban, we will continue trading in the best way we can.
 
In my country, we sincerely hope that cryptocurrency ban will be lifted. There where speculations that the ban will be lifted after the country launched its central bank digital currency. But we haven't seen any positive move towards that.
 
In my country, the future of cryptocurrency is very daisy. The government of my country have imposed ban on crytocurrency related activities. This made many investors resort to the peer-to-peer transactions
 
The value of cryptocurrency can not be predicted due to it level of instability which is highly influenced or controlled by the market forces of demand and supply. the government approvals also matters.
The future of cryptocurrency in my home country, is unpredictable due to the economic policies or situation and the government regulations because of it decentralised nature and independent of their control.
 
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We are not really sure, if the government of our country allowed cryptocurrency to exist , mostly a lot of people will enjoy cryptocurrency but if the government rise against cryptocurrency obviously this will affect a lot of investors in our country.
 
Well, in my for say, the future of cryptocurrency lies on the approval and disapproval of the state government policies on their economic activities. If the government decides to prohibit the use of crypto, there will be no future.
 
Syldan said:
Well, in my for say, the future of cryptocurrency lies on the approval and disapproval of the state government policies on their economic activities. If the government decides to prohibit the use of crypto, there will be no future.
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You are absolutely right about your notion that the government has a say in the future of cryptocurrency in the country. In my own country, the future of cryptocurrency is very blink.
 
At the moment cryptocurrency is banned in my country and there is really no any signs that it is going to be uplifted anytime soon. We should then just go on with our normal lives but I still believe that clip to in general has a very big future.
 
In my home country, the future of cryptocurrency greatly depends on the approval and disapproval of the government because what ever that determine the future, depends on the acceptance on the operation and existence of cryptocurrency.
 
The current government does not care about crypto currencies, but we just hope that some one would be able to take over and support crypto currencies trading activities in this country.
 
Everything about cryptocurrency and it operation is very unpredictable. the future of cryptocurrency in my country, lies with the government and such policies that they can make to either allow the use or disallow cryptocurrency.
 
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