Nigeria’s 24.2% Bitcoin Adoption Rate: The Highest Rate of Crypto Ownership Globally

 

Bitcoin Is the Most Popular Coin in Nigeria

In addition to finding the West African nation as the country with the highest proportion of citizens that hold cryptocurrencies globally, the survey also discovered that “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at 66.5% of crypto owners.” Alternatively, this means more than half of the 24.2% of Nigerian respondents that own cryptocurrencies are in fact bitcoin holders.

On the other hand, the survey findings suggest ethereum (ETH) is the second most popular coin with Nigerian cryptocurrency holders, at 23.8%. Despite this seemingly high rate of interest in ETH, the ratio of Nigerians holding this cryptocurrency relative to other countries is still lower, the survey data suggests.

In fact, according to the survey, the 23.8% ETH ownership ratio is only enough to see Nigeria being ranked the 15th country out of a total of 22 countries.

Dogecoin in Third Place

Meanwhile, the survey findings show the meme coin, dogecoin, in third place at 21.8%. This ratio in turn is enough to see Nigeria feature in the top ten. The survey report explains:

Dogecoin is the third most popular choice with crypto adopters in Nigeria, with 21.8% of adults who own crypto holding the coin. This makes it the 8th ranked country in our list of 22 countries in terms of dogecoin ownership among those that own crypto.

In terms of the makeup of cryptocurrency owners in Nigeria, the survey found 62.9% of Nigerian crypto owners to be men while women account for the remainder.

In other words, this disparity between the number of males and females that own crypto means men are 1.7 times more likely to own crypto. With the average figure globally at 1.5, this means Nigeria has the 11th highest male dominance of the 22 countries.

Source

Crypto Funds Doubled Inflows Last Week, Bitcoin Leads the Pack

 

BeInCrypto –

Digital asset management firm CoinShares has released its weekly report on fund flows for the crypto market. The highlight of the report, published on Oct 11, is that the amount of new capital flowing in has doubled in the past week.

Bitcoin dominance currently sits at 61%. On January 13, 2018, Bitcoin dominance hit an all time low of 35%.

 

What is bitcoin dominance?

Bitcoin dominance is bitcoin's marketcap dividend by the marketcaps of all cryptocurrencies combined. It shows how much value bitcoin has versus the all cryptos combined. This is important because it shows the relative strength of altcoins over time. For most of bitcoin's lifetime (pre-2017), dominance sat at over 98%. Bitcoin was the entire market. But since the first altcoin boom in 2017, it has never come close to that peak again..

Public bitcoin fund listed on a major global stock exchange

Tyler Winklevoss: 'The Bitcoin Fund' just launched on the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that @Gemini was selected as the custodian for this fund. Congrats to @3iq_corp for making history!

'The Bitcoin Fund' just launched on the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that @Gemini was selected as the custodian for this fund. Congrats to @3iq_corp for making history! https://t.co/YtjFqSh6K5

— Tyler Winklevoss (@tylerwinklevoss) April 9, 2020

Why is everyone freaking out?

 And why do noobs seem to not feel comfortable here anymore?
I mean really, why? Since when has BTC tanking become a noteworthy event? And I remember a noob embracing culture when I got into crypto, what happened to that culture?

Localbitcoins (LBC) suspends thousand accounts of 'perceived 3rd world countries' at the heist of '1st world'

BBNB recently shared the news about Localbitcoins mass NG Traders account block.
it turns out other 20 country wallets were also disabled.  Localbitcoins has been many people go to place to sell and buy cryptocurrency for a very long time.  But this article brings a bad news for thousands of users, although its not another Localbitcoins scam this time its a change in policy and it will be explained bellow.

Localbitcoins.com mass NG Traders account block

Reports reaching BBNB (Buybitcoins In Nigeria  Blog) confirmed that Locabitcoins.com website has blocked almost all traders in Nigeria. The site has had long history of blocking accounts without no major reason but this mass block of accounts in Nigeria came as a surprise to many people who depend heavily on the website for daily earnings.

We visited the site again to check the number of traders left from a country of over 200,000 million people.

BTC last year price Vs 2 years ago and Now!

https://buybtcoinnigeria.blogspot.com

Will Bitcoin break new records in 2020?

Marco, the most accurate chart I've found is a composite by PlanB, who is active on Twitter. His stock to flow model perfectly covers the historical BTC price changes from 2011, based on logarithmic growth.

Almost ₦3.24 Trillion ($9 Billion) Worth of Bitcoin Moved On-Chain in 1 Hour: Record

On Dec. 4, $8.9 billion in Bitcoin (BTC) were shifted the blockchain in one single hour, excluding change volume, that will be Bitcoin that returns to the sender.

Bitcoin's high transaction volume was stated by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that this kind of high hourly transaction value was an initial for the network:


“It's the highest hourly USD transaction volume in Bitcoin's history.”

Must read: Check out Top 5 Tips for New Bitcoin Investors

Buying Bitcoin (BTC) could be very intimidating if you're only researching its existence now. In reality, taking the plunge and entering the cryptocurrency sphere is really a risk for anybody, with or without investment experience. The reason being the crypto space does not have any centralized authority to steer investors. Rumors, hype and horror stories dominate the net, and separating fact from hearsay could be difficult at times.

Like any business venture, you need to never get the feet wet and soon you have all the important points straight. Many Bitcoin investors who took losses will agree that they did not do their research. Riding on rumors and hearsay is setting yourself up for failure.

However, the cryptocurrency community can be found in handy for inquiries. You're better off conversing with individuals who are already in the crypto space. As a student, you have got resources to discover all there's to understand about Buying Bitcoins in Nigeria or elsewhere. As you discover approaches to invest, don't forget to watch in your academic performance, but when it will start to suffer, online writing services help ensure you maintain above-average performance.

Buy Bitcoins In Nigeria Blog (BBNB) brings you Top 5 Tips for New Bitcoin Investors to looking into before taking the dive.

Continue reading after the page break

No, Bitcoin Price Is Not in a 2018-Like ‘Descending Triangle’ of Doom

Twitter is bearish, abuzz with chatter of a descending triangle that is forming on the Bitcoin (BTC) chart and with comparisons to the descending triangle that broke down in 2018 at $6,000.
Twitter is often wrong. Let’s first define the descending triangle.

Half Of All Bitcoins Are Spread Across 1,800 Wallets

The Bitcoin Whales Are Slowly Increasing Their Dominance, As Opposed To Retail Holders And Investors

The conducted research by PARISQ (a blockchain monitoring and compliance organization), stated that half of the entire BTCs in circulation is being held by only 1,800 wallets. The concentration of Bitcoins is 50 times higher than the concentration of global wealth, shows the report. Ethereum is even more concentrated – the ratio between Ethereum and global wealth concentration is 300:1.

Bitcoin finally wins as Chinese Court Declared BTC Legal as Virtual Property

Bitcoin (BTC) has now been declared as a legally recognized virtual property by a Chinese court. As per the Hangzhou Internet Court ruling, Bitcoin has the characteristics to be regarded as a virtual property and thus owning Bitcoin will be legal in China. The court also said that the digital currency thoroughly meets the criteria of a virtual property’s definition as it is scarce, has value, and is disposable too. Moreover, all those who hold BTC will find themselves protected by the legal system of the nation, as first reported by The Beijing News.

‘Google Coin’ Within 2 Years as FANGs Will Go Crypto, Say Winklevoss

Digital currency will form part of all four FANG companies’ offerings by 2021, Tyler and Cameron Winklevoss told CNBC in a new interview on July 9.

Speaking about Facebook Libra, the twins, who co-founded cryptocurrency trading platform Gemini, said it was only a matter of time before other tech giants followed suit.

Will Bitcoin ever hit ₦355m ($100k), why or why not?

In my opinion, yes, absolutely, Bitcoin will eventually hit $100,000 US dollars per coin.

But my prediction isn’t really about Bitcoin.

My prediction is about the dollar.

In some sense, your question can be restated like this: “Will the Federal Reserve keep printing dollars?” And the answer is “yes, absolutely.”

If Bitcoin is meant to replace centralized Fiat currency, what should its value be described in other than US dollars?

My answer is Time.

I think everyone should measure everything - including cryptocurrencies, fiat currencies, and anything they own - in the most important asset there is: time.

And my answer applies regardless of whether or not Bitcoin replaces fiat currencies.

My answer comes from two simple ideas:

Las Vegas Bitcoiner, Morgan Rockcoons sentenced to Jail for selling BTC on Localbitcoins.com

Morgan Rockcoons, a Nevadan man accused of wire fraud and operating an unlicensed Bitcoin exchange for using LocalBitcoins, was sentenced to nearly 2 yrs in prison. Based on a government press release, Rockcoons will also need to forfeit $80,600 in illicit profits.

Operating unlicensed Bitcoin exchange results in a 2-year prison sentence
Morgan Rockcoons, who also passes Morgan Rockwell, was sentenced to 21 months in prison by U.S. District Judge Anthony J. Battaglia for wire fraud and operating an unlicensed money transmitting business.

BTC Hits ₦1,732,800 ($4,800) for the 1st Time in 2019

Top Crypto Markets See Double Digit Growth

Tuesday, April 2 — Bitcoin (BTC) has pushed over ₦1,624,500  ($4,500) for the first time this year, while top crypto markets are solidly in the green for the second day in a row, some seeing major 24-hour growth.

Price of BTC drop and forcast !

*What really influenced the drop in the price of Bitcoin from its all-time high to where it is at now, and do you think it will get back to $20,000 or even higher?*

The drop in Bitcoin was due to those 4 reason: