Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Mr. Allcrypto on February 22, 2024, 11:43:54 PM
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Due to the way dollar day rise day fall this period I say make I ask ona if Bitcoin go reach 100nillion naira, be like say I day see of tory them way them day say the government don bound Binance to no sell btc reach 100 million, abeg my 9ja brothers and sisters, make una help me verify of the info na legit info, and make we no forget to shear beta beta information way go help our society and our citizens o, because them say information is power.
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Naira Depreciation against the U.S dollar does not determine the price of Bitcoin or affect the price of Bitcoin.
You can get the information you seek here.
https://www.altcoinstalks.com/index.php?topic=318053.0
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I day see of tory them way them day say the government don bound Binance to no sell btc reach 100 million, abeg my 9ja brothers and sisters, make una help me verify of the info na legit info,
Fg never said anything concerning the price of bitcoin - all they did was to say that merchants shouldn’t sell dollars more than 1,800 using binance and some other exchange, they never said bitcoin shouldn’t be sold more than 100 million naira if the price eventually goes up.
Even if the price of dollars goes down to 1,600 and the price of bitcoin increases to 65,000 dollars (if converted to naira it would be more than a 100 million for a bitcoin) and in this case the point you made in your post won’t work cause traders won’t because some stupid fg said they shouldn’t sell above a certain price then start selling at a loss. Btw, you should remember that bitcoin is decentralized.