Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Kalustx on April 06, 2025, 08:36:01 PM
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
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You can start with at least four digital assets you mentioned maybe except for DOGE as it is a memecoin and old memecoins are getting out of flavor in the current market - they are losing excitement new ones are generating especially if endorsed even subtlety by CZ. Now, I actually don't believe that crypto adoption is spreading too fast...it is actually the other way around especially from the POV of people who had been here in the industry for years. I am glad that things are heating up in Nigeria, a country considered in the top 5 in terms of adoption and can be the oasis in the African continent.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
Bitcoin's early adoption option ended a few years ago, then if I talk about Ethereum, their developer updates are not getting support because they are not being benefit to the community much, and as a result, we have seen that Ethereum's situation was not good this time, so I think there is no opportunity for early adoption in this too.
And Doge coin is a memecoin and the famous billionaire Elon Musk is behind it and I have very little faith in them, so I will not support Doge coin for early adoption.
Only Sui coin remains here, which has performed very well recently. Now it remains to be seen how they perform in the future. I intend to invest in this during the upcoming bear season with a very small amount of my own.
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On Nigeria creating a legal framework for virtual assets that includes crypto, what I like about that is they require projects to actually submit whitepapers even if devs/founders think it's not a security ;D There are still some parts of the world where Government adoption isn't fast. Our own regulators already requires virtual asset providers to register but it's still not determine how to report taxes on crypto gains/losses.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
More countries will have to accept all will happen with time, digital assets has come to stay but you should also know that the country you mentioned have many persons that are involved in cryptocurrency (Bitcoin) just that they government have in the past neglected what needed to be done, as government you don't have frustrate an inovations, as a government when you get to know about a technology even though you may not want to try it at first, try to figure out how such innovation can be if benefit to the citizens and trying to get a tax on it instead restricting citizen of being involved by frustrating the same whole process within your jurisdiction.
Am very happy that Nigeria government has woken up from slumber to member to do the needful but let this not be an avenue to over tax Nigeria who are involved in cryptocurrency.
Buddy I recommend BTC because it gots all in one, trust, reliability, it is the best digital asset anyone can think of investing into, so for safety purposes Bitcoin is what you need.
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On Nigeria creating a legal framework for virtual assets that includes crypto, what I like about that is they require projects to actually submit whitepapers even if devs/founders think it's not a security ;D There are still some parts of the world where Government adoption isn't fast. Our own regulators already requires virtual asset providers to register but it's still not determine how to report taxes on crypto gains/losses.
So you are steadily working on legalities and stuff.. that's pretty nice, actually.
Many out there don't even consider such processes to take place and to ensure projects won't be only rugs and only that.
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You can start with at least four digital assets you mentioned maybe except for DOGE as it is a memecoin and old memecoins are getting out of flavor in the current market - they are losing excitement new ones are generating especially if endorsed even subtlety by CZ. Now, I actually don't believe that crypto adoption is spreading too fast...it is actually the other way around especially from the POV of people who had been here in the industry for years. I am glad that things are heating up in Nigeria, a country considered in the top 5 in terms of adoption and can be the oasis in the African continent.
I would also like to agree with your opinion.
Because doge is a memecoin we are seeing this dogecoin on that high because of only the elon musk who became it's backers. I'm actually curious about what will happen to this meme coin if Elon Musk steps back from behind the doge coin.
Moreover, I would tell the OP to divide the funds you have and invest 80% of it in Bitcoin and the remaining 20 percent you can invest in Ethereum or Sui for the long-term.
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You can start with at least four digital assets you mentioned maybe except for DOGE as it is a memecoin and old memecoins are getting out of flavor in the current market - they are losing excitement new ones are generating especially if endorsed even subtlety by CZ. Now, I actually don't believe that crypto adoption is spreading too fast...it is actually the other way around especially from the POV of people who had been here in the industry for years. I am glad that things are heating up in Nigeria, a country considered in the top 5 in terms of adoption and can be the oasis in the African continent.
I would also like to agree with your opinion.
Because doge is a memecoin we are seeing this dogecoin on that high because of only the elon musk who became it's backers. I'm actually curious about what will happen to this meme coin if Elon Musk steps back from behind the doge coin.
Moreover, I would tell the OP to divide the funds you have and invest 80% of it in Bitcoin and the remaining 20 percent you can invest in Ethereum or Sui for the long-term.
DOGE is at least big enough to be better than most memes out there.
And it's one of the biggest and oldest memes out there, so.. Elon backing down wouldn't kill it.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
- These 4 assets you chose are not bad either, all of them obviously have potential in the future. Now if all you want is simple income in the future in this industry, I think that's okay for me if you just want to experience earning here in the crypto space.
But if your goal is to experience big earnings in the future. In my opinion, change the Btc, Sui and ETH. This is if your aim is really big profit. But if you are a rich person, even if you don't change it for now, just stick with it. This is just my opinion and my opinion.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
You forgot to add the link to the news,i would have love read more details because, I'm yet to actually see any spread of crypto adoptions at this current market situation where there are too many uncertainty; you hear of tariff war that is raging, there also insinuation of bear run, middle east unrest etc
if there is adoption spreading fast just like you mentioned, especially and in Africa(Nigeria) it has not reflected on the crypto community and the demands for Bitcoin/altcoins has still no significant improvements. The market is currently not doing well.
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You can start with at least four digital assets you mentioned maybe except for DOGE as it is a memecoin and old memecoins are getting out of flavor in the current market - they are losing excitement new ones are generating especially if endorsed even subtlety by CZ.
But IMO, DOGE is still the best for memecoin... even the most stable and safer for the long term... the liquidity is already very large, and the support of the community is also large... making DOGE's existence quite strong...
The next task is to avoid dependence on Elon Musk... yes we know DOGE does have a very good performance when it comes to Elon Musk, but that cannot be a fundamental basis for the long term...
However, so far I admit that DOGE is the best..
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I don't think that this is a new news that we have to celebrate. This news was been there long time ago but then, the government have stopped that and imposed a ban IIRC.
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
100%
BTC!
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
it would have been faster if the government of various countries have not had so many regulations against it and discouraged its use. I consider the government as one of the agents that can facilitate the growth of cryptocurrency worldwide, if the government begin to support cryptocurrency and make regulations in support of it there will be more people interested in cryptocurrency both for investment and for use as a normal currency for transactions.
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Direction cannot be validated by speed alone. Nigeria's embracing crypto as security isn't a revolution. It's a digital duct tape patching signal of systematic instability. People search alternatives when conventional infrastructure fails. It's a common response to ineffective governance, nothing new there. Rather than "next wealth," it's closer to forced adaptation
Regarding asset choice, BTC and ETH are protocols. They're sturdy because they're the bedrock. SUI is a tech bet. DOGE is social psychology applied to a liquidity meme. Are you playing on attention cycles (DOGE), or do you desire protocol-level exposure (BTC/ ETH)? Or chasing unexplored tech scalability (SUI)? If your loss limit is hardcoded in your head and your objective is clear, all answers are valid. Next, you need to know "which thesis are you willing to hold during chaos?"
Early adoption is responsibility. Generally speaking, early is not profitable. Most people lose discipline. So define your time horizon. If you wish 10x returns, be ready to endure 90% drawdowns while everyone else makes fun of you
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for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
BTC, ETH and SUI is enough good investment but I don't like DOGE. DOGE is memecoin so i don't think any Memecoin had a better future. memecoin is only for fun. so fun coin can never be a strong investment.
ETH foundation also doing some unacceptable task like ETH make a mintable coin, so ETH team can mint any amount of ETH now at any time and sold on market. so now i am also avoiding ETH. Bitcoin is only strong and trusted coin on crypto industry for investment at any time.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
It is really fascinating to see that happening in Nigeria and being accepted by the government of the country, as an alternative to failed governmental leadership and infrastructures within the country. This is not a new thing to the citizens of the country, as it is an alternative for every citizen who has found the internet resourcefulness. The government of the country which has been fighting against crypto currency has probably seen a hidden room of treasure, and this might not really be good for the country's economy.
One thing sure that the coin to be accepted or mostly used will be the top 2 tier crypto currencies, which are BTC and ETH.
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DOGE is at least big enough to be better than most memes out there.
And it's one of the biggest and oldest memes out there, so.. Elon backing down wouldn't kill it.
Doge has a high number of community members who support it. It no longer hovers around Elon Musk for its growth. It can soar high whenever it is; so far, Bitcoin leads the market. Not all memecoins can stay in the market up to this long; Doge has stayed. Many memecoin will disappear into a tiny air when the bull run is quite over
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I believe that one of the major reasons why cryptocurrency did not gain that fast speed in adoption as it ought to is because of the government restrictions on it over the years. The government as an institution can do it better because they control the nation and the people abide by the constitution, which made it difficult for some nations to adopt cryptocurrency. Now that it is happening, nations are beginning to see the importance of Bitcoin. I think there will be a new wave of adoption across nations, and the Nigerian government has already begun to see the benefit after this long period of scuffling with crypto in the country.
OP, as for your option to choose for a start, I will advise you to start with old coins that have long been in existence. They already have a strong base coupled with market capitalisation, which could be seen via coinmarketcap, and are popular in demand compared to others. As for DOGE, I would not advise you to opt for it as it is a meme and has no utility value, and as a matter of fact, it has nothing as a driving force except Elon Musk backing it.
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We know that crypto currency is one of the best profitable digital currency in cryptocurrency world. I think that within a shot time this digital currency will spread all over the world. We also saw that Nigeria accept in this time for there first time security. I think that gradually every country will be reach crypto adoption so fast. So i believe that bitcoin will be early adopter, which will be spread all over the world. Because we know that bitcoin is one of the best profitable crypto in cryptocurrency world.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
In my opinion, a good coin for us to be stored in the long run is BTC or ETH because the risk is very small compared to other coins but requires large capital, if we have limited capital and that is also our initial capital, it is better to adopt coins registered in the top 10 in the coin market such as sol, the price does not exceed Eth and maybe we can make coins for a long time. This is just my knowledge, maybe friends in this forum
Can share a list of coins for us to adopt as the beginning of investment.
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Early adopters, meaning new investors? Of course the answer is on the lowest risk assets first... to try high risk assets, it can be done gradually when you start to understand cryptocurrency more... when an early adopter is too eager to immediately get big profits by choosing high risk assets, it is very dangerous... because you could end your crypto journey faster because of losses....
BTC is currently good, for beginners... the risk is low and the liquidity is very large, so it is quite safe...
If you want to invest in riskier assets, it is recommended to use a small allocation...
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If you want to play risk free, I would recommend 60% BTC + ETH, 30% SUI and 10% DOGE if you want to play with new promising things. And of course, invest as much as you can afford to hold on to through the rollercoaster. Because it becomes very difficult to rely on one, so I think investing in all of them can be a little more stable.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
In my opinion, a good coin for us to be stored in the long run is BTC or ETH because the risk is very small compared to other coins but requires large capital, if we have limited capital and that is also our initial capital, it is better to adopt coins registered in the top 10 in the coin market such as sol, the price does not exceed Eth and maybe we can make coins for a long time. This is just my knowledge, maybe friends in this forum
Can share a list of coins for us to adopt as the beginning of investment.
I would put SOL and LTC up there too. Great coins to hodl, with big future.
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for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
Its always recommended and its a must for newbies to start with Bitcoin before looking for other coins to include in their portfolio.
Bitcoin is the father of all coins; everything will not exist without Bitcoin. Once you understand how Bitcoin works and its underlying principles, you will understand decentralization and peer-to-peer transactions.
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for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
Its always recommended and its a must for newbies to start with Bitcoin before looking for other coins to include in their portfolio.
Bitcoin is the father of all coins; everything will not exist without Bitcoin. Once you understand how Bitcoin works and its underlying principles, you will understand decentralization and peer-to-peer transactions.
Your point is very clear, and newbies who want to learn more about crypto should start with bitcoin as a starter because it is the head of all cryptocurrency and knowing about it could set the pace for them to take up others very fast as they already have the basic knowledge of bitcoin which has been in existence before most of the crypto currency deemed worth investing.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
How do you mean by accepting crypto as the means of security?, is it by venturing into it because of how secured the investment could be or he just accepted it as the mode of payment?. Actually weather security or any other, Bitcoin is the actual coin, however I don't no why you listed Bitcoin together with alt coins in terms of acceptability because they are not the same and will never be against Bitcoin because they have different concept, so just choose Bitcoin but if you don't want only Bitcoin then you can go for alt coins but I fancy a lot on Bitcoin.
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BTC is the first one to start with and no matter what most of their portfolio must be filled with bitcoin like atleast 50% or more.
I don't know what security is that Nigeria implemented, it's like strategic reserves or something else?
But crypto adoption is not that rapid to be honest, yes it was faster compared to 2018 era but definitely we are not seeing any places where we can spend crypto.
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BTC is the first one to start with and no matter what most of their portfolio must be filled with bitcoin like atleast 50% or more.
I don't know what security is that Nigeria implemented, it's like strategic reserves or something else?
But crypto adoption is not that rapid to be honest, yes it was faster compared to 2018 era but definitely we are not seeing any places where we can spend crypto.
Yes, I do not know why crypto enthusiast though says that crypto adoption is fast. For me we are still in the early age and still few people are into crypto. Or maybe those people knows crypto already but they don't want to get their hands on it because of so many negative news. There are people asking me about Bitcoin, but I haven't heard from them that they have bought it already after explaining them the benefits. And of course, only few stores accepted crypto as means of payment because of it's volatility and so this is one factor why it is not well recognized and adoption is very slow.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
Btc and eth is the most safe than other coin but you need to wait for a couple of years to earn from holding it,while if you buy and hold altcoins or trade there is a possibility of earnings in a short period of time,you need to choose whats best for you don't make the other to decide a coin for you they will not suffer from the possible loss if ever you will loss so do research and be careful on choosing coins choose the proven and tested coin to avoid scam.
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Move
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for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
We know that Bitcoin is one of the most popular digital assets in the cryptocurrency world. Anyone who wants to start their journey with Bitcoin should start with Bitcoin. Once you understand how Bitcoin works, you will have no other reason to do anything. Then you can do it your way.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
i do not know when you got into crypto but this is not alarming rate of adoption if anything a lot of countries may now be getting left behind because already a few countries have integrated bitcoin already
bitcoin has existed for almost 2 decades and yet only recently do we see proper acknowledgement from the government
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
do not go for memecoins like doge
i started with bitcoin and i always will recommend starting with bitcoin it is the first cryptocurrency it is the most popular and the one with highest marketcap and is the most stable out of all the other cryptocurrencies
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BTC is the first one to start with and no matter what most of their portfolio must be filled with bitcoin like atleast 50% or more.
I don't know what security is that Nigeria implemented, it's like strategic reserves or something else?
But crypto adoption is not that rapid to be honest, yes it was faster compared to 2018 era but definitely we are not seeing any places where we can spend crypto.
Yes, I do not know why crypto enthusiast though says that crypto adoption is fast. For me we are still in the early age and still few people are into crypto. Or maybe those people knows crypto already but they don't want to get their hands on it because of so many negative news. There are people asking me about Bitcoin, but I haven't heard from them that they have bought it already after explaining them the benefits. And of course, only few stores accepted crypto as means of payment because of it's volatility and so this is one factor why it is not well recognized and adoption is very slow.
The spread of crypto news around the globe is and was very fast, though the public adoption might be slow, due to some governmental restrictions and rules. IMO, I think we are moving off the early age of Bitcoin/crypto currency, cause more people are already aware of it, though, due to some restrictions, bad news and some other factors has delayed them from taking part in investments.
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BTC is the first one to start with and no matter what most of their portfolio must be filled with bitcoin like atleast 50% or more.
I don't know what security is that Nigeria implemented, it's like strategic reserves or something else?
But crypto adoption is not that rapid to be honest, yes it was faster compared to 2018 era but definitely we are not seeing any places where we can spend crypto.
Yes, I do not know why crypto enthusiast though says that crypto adoption is fast. For me we are still in the early age and still few people are into crypto. Or maybe those people knows crypto already but they don't want to get their hands on it because of so many negative news. There are people asking me about Bitcoin, but I haven't heard from them that they have bought it already after explaining them the benefits. And of course, only few stores accepted crypto as means of payment because of it's volatility and so this is one factor why it is not well recognized and adoption is very slow.
The spread of crypto news around the globe is and was very fast, though the public adoption might be slow, due to some governmental restrictions and rules. IMO, I think we are moving off the early age of Bitcoin/crypto currency, cause more people are already aware of it, though, due to some restrictions, bad news and some other factors has delayed them from taking part in investments.
Bitcoin and crypto have started to become popular and many people already know about crypto, even though there are restrictions from the government of a country, bitcoin still survives and is followed by altcoins, so in my opinion it is useless to limit it, because technological advances make everything difficult to limit. Moreover, now many developed countries have started to legalize and accept crypto, so the government should also be able to accept crypto.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
In my country, crypto has not just been legalized, but they created a council, Pakistan Crypto Council, and announced the CZ, EX CEO of Binance, will be the advisor of this council. Is't awesome? I mean all of this happened so quickly that we all are very shocked. I began to think, in near future, we might have some more amazing news in the crypto sector, but not expecting the taxes haha.
Nobody likes taxes. Crypto is really making its ways among governments, and I believe the IMF and Trump is behind it.
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Totally agree — adoption is accelerating way faster than most people realize.
It does feel like we’re just getting started with a new wave of value creation, but I get how overwhelming it can be to know where to begin — especially with so many options out there (BTC, ETH, SUI, etc.).
I’ve been testing a platform called Fruitifi recently. It doesn’t tell you what to buy, but it offers several pre-built DeFi strategies you can follow based on your risk profile and time horizon. What I really appreciate is that it helps give structure to your journey, while still letting you learn and decide for yourself — perfect for early adopters who want guidance without blindly following hype.
Anyone else here tried tools like that or found a strategy that works for them in this new adoption cycle?
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
In my country, crypto has not just been legalized, but they created a council, Pakistan Crypto Council, and announced the CZ, EX CEO of Binance, will be the advisor of this council. Is't awesome? I mean all of this happened so quickly that we all are very shocked. I began to think, in near future, we might have some more amazing news in the crypto sector, but not expecting the taxes haha.
Nobody likes taxes. Crypto is really making its ways among governments, and I believe the IMF and Trump is behind it.
of course it's a surprise for your country that the government is giving a wide opportunity to be able to accept crypto in its entirety and of course because they have also considered all possible aspects so that they don't just keep quiet by giving good authority for cz to be an advisor to a government-approved body. of course the crypto community there can determine with the actions of the government, whether they agree with the actions because others have no authority in this matter.
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of course it's a surprise for your country that the government is giving a wide opportunity to be able to accept crypto in its entirety and of course because they have also considered all possible aspects so that they don't just keep quiet by giving good authority for cz to be an advisor to a government-approved body. of course the crypto community there can determine with the actions of the government, whether they agree with the actions because others have no authority in this matter.
This is really good news for us because for a long time, many experts, people who are making real money, have wanted to give back to the community in the form of education but were afraid to start because of government regulations, but now the government allows them to can independently start their influential careers, which can benefit many.
Crypto was made legal before too but later they banned it again, but this time, the council and appointing CZ as advisor show they have long-term plans.
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BTC is currently good, for beginners... the risk is low and the liquidity is very large, so it is quite safe...
If you want to invest in riskier assets, it is recommended to use a small allocation...
I agree with that, small allocation to reduce quick liquidation and still be in the investment lane. Bitcoin is the best option to every new investor, as a newbie or an experienced investor/crypto enthusiast. Bitcoin has gained popularity over the years, even when it was under ban by the world governments/leaders, and now, they turning to it has made it the safest of all coin to venture into either as a newbie or not.
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In my country, crypto has not just been legalized, but they created a council, Pakistan Crypto Council, and announced the CZ, EX CEO of Binance, will be the advisor of this council. Is't awesome? I mean all of this happened so quickly that we all are very shocked. I began to think, in near future, we might have some more amazing news in the crypto sector, but not expecting the taxes haha.
Nobody likes taxes. Crypto is really making its ways among governments, and I believe the IMF and Trump is behind it.
How will your country develop if you don't pay taxes, bro? So pay taxes and help to the development of your country. ;D
Although if you ask me, I cannot answer regarding this because I don't pay tax on crypto income :P because cryptocurrency is still banned in Bangladesh, but I am very happy to see the news from your country.
Anyway, I am hoping for cryptocurrency to be legalized in my country for now, although I am tax-free now, if cryptocurrency is legalized, I think many opportunities will open up for us.
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In my country, crypto has not just been legalized, but they created a council, Pakistan Crypto Council, and announced the CZ, EX CEO of Binance, will be the advisor of this council. Is't awesome? I mean all of this happened so quickly that we all are very shocked. I began to think, in near future, we might have some more amazing news in the crypto sector, but not expecting the taxes haha.
Nobody likes taxes. Crypto is really making its ways among governments, and I believe the IMF and Trump is behind it.
How will your country develop if you don't pay taxes, bro? So pay taxes and help to the development of your country. ;D
Although if you ask me, I cannot answer regarding this because I don't pay tax on crypto income :P because cryptocurrency is still banned in Bangladesh, but I am very happy to see the news from your country.
Anyway, I am hoping for cryptocurrency to be legalized in my country for now, although I am tax-free now, if cryptocurrency is legalized, I think many opportunities will open up for us.
This is a great opportunity for Bangladeshi crypto users that despite the complete ban on Bitcoin and other cryptos here, we Bangladeshi citizens can easily access crypto and use them without paying any taxes. Although there is a lot of discussion about crypto in Bangladesh now, crypto will be legalized in Bangladesh very soon and then a high amount of tax will have to be paid here too. Crypto has started to spread a lot worldwide, so the country that accepts it as legal will lag behind economically. The government of Bangladesh has already understood these issues and is discussing them. In Bangladesh, news about crypto is now frequently seen on TV channels
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In my country, crypto has not just been legalized, but they created a council, Pakistan Crypto Council, and announced the CZ, EX CEO of Binance, will be the advisor of this council. Is't awesome? I mean all of this happened so quickly that we all are very shocked. I began to think, in near future, we might have some more amazing news in the crypto sector, but not expecting the taxes haha.
Nobody likes taxes. Crypto is really making its ways among governments, and I believe the IMF and Trump is behind it.
How will your country develop if you don't pay taxes, bro? So pay taxes and help to the development of your country. ;D
Although if you ask me, I cannot answer regarding this because I don't pay tax on crypto income :P because cryptocurrency is still banned in Bangladesh, but I am very happy to see the news from your country.
Anyway, I am hoping for cryptocurrency to be legalized in my country for now, although I am tax-free now, if cryptocurrency is legalized, I think many opportunities will open up for us.
This is a great opportunity for Bangladeshi crypto users that despite the complete ban on Bitcoin and other cryptos here, we Bangladeshi citizens can easily access crypto and use them without paying any taxes. Although there is a lot of discussion about crypto in Bangladesh now, crypto will be legalized in Bangladesh very soon and then a high amount of tax will have to be paid here too. Crypto has started to spread a lot worldwide, so the country that accepts it as legal will lag behind economically. The government of Bangladesh has already understood these issues and is discussing them. In Bangladesh, news about crypto is now frequently seen on TV channels
so while its completely ban, they are not cracking down crypto users or exchanges ? looks like a country that i wanted to live on. ;D
if they are adopting Bitcoin then good for them. we all have the right to make profits when the market shoot up and if Bangladeshi can make it to the ATH, i guess he can make a fortune while staking right now.
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Of the 4 coins mentioned, I only recommend BTC and ETH, not DOGE and SUI, DOGE is a meme token that goes up if there is FOMO from celebrities, if SUI I don't really follow its development and it's not familiar to me. As we know, BTC and ETH are the top coins and the prices are also the highest, if you are looking for something that can still be achieved, it's better to just use BNB or Sol
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
it would have been faster if the government of various countries have not had so many regulations against it and discouraged its use. I consider the government as one of the agents that can facilitate the growth of cryptocurrency worldwide, if the government begin to support cryptocurrency and make regulations in support of it there will be more people interested in cryptocurrency both for investment and for use as a normal currency for transactions.
It is actually good to receive support from the governments but the issue of regulations by government may be going against the Bitcoin decentralized concept. Regulations has not gone down well with the crypto community, though and bigger support will boost cryptocurrency growth but it may affect Bitcoin at the long run.
I think government regulation is not completely a bad ideas but should be limited to certain area, like ICO/IDOs.
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for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
We know that Bitcoin is one of the most popular digital assets in the cryptocurrency world. Anyone who wants to start their journey with Bitcoin should start with Bitcoin. Once you understand how Bitcoin works, you will have no other reason to do anything. Then you can do it your way.
indeed bitcoin is a popular coin in the digital world, anyone who wants to start investing in digital currency is better off choosing bitcoin because it works very well. but we must have knowledge of trading or investing so that we do not choose coins carelessly to save because there will be failure in your dreams.
maybe for beginners you should look for news about crypto and study the fields of cryptocurrency.
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Of the 4 coins mentioned, I only recommend BTC and ETH, not DOGE and SUI, DOGE is a meme token that goes up if there is FOMO from celebrities, if SUI I don't really follow its development and it's not familiar to me. As we know, BTC and ETH are the top coins and the prices are also the highest, if you are looking for something that can still be achieved, it's better to just use BNB or Sol
Bitcoin is on a different level, so I agree that bitcoin is the main one and it will always be in the portfolio only compared to others, or bitcoin is what I will always prioritize.
other altcoins are options for us if we want to invest other than bitcoin. And usually I only invest in a shorter time or not as long as I will hold bitcoin.
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From my perspective cryptocurrency adoption in a bit slow because it ought to have circulated massively but the government is the greatest barrier to the growth of this network. Just take for instance the Nigerian government are still on an ongoing court case with binance in the adjustment of cryptocurrency transaction tax. This is very discouraging for someone who wants to join the crypto space, I hope they don't add in an extremely high value all in the name of tax but to their main intention it's to scare enthusiasts away. African governments have not been encouraging the growth of cryptocurrency however, due to the previous bullish season, crypto has created its own awareness to the public and trust me in no time there's actually going to be a massive turn up.
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for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
We know that Bitcoin is one of the most popular digital assets in the cryptocurrency world. Anyone who wants to start their journey with Bitcoin should start with Bitcoin. Once you understand how Bitcoin works, you will have no other reason to do anything. Then you can do it your way.
indeed bitcoin is a popular coin in the digital world, anyone who wants to start investing in digital currency is better off choosing bitcoin because it works very well. but we must have knowledge of trading or investing so that we do not choose coins carelessly to save because there will be failure in your dreams.
maybe for beginners you should look for news about crypto and study the fields of cryptocurrency.
Bitcoin is the only coin that one can be confident enough to secure because apart from Bitcoin all other coins have the tendency to drop so drastically that all what you invested will go into thin air but with Bitcoin the test of time have been proven and that's why so many people have key into it's use.
They are so many people who are also regretting their older actions now for not actually buying Bitcoin during it's early days of adoption and use while others are salping about their early sell out of their coin.
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Of the 4 coins mentioned, I only recommend BTC and ETH, not DOGE and SUI, DOGE is a meme token that goes up if there is FOMO from celebrities, if SUI I don't really follow its development and it's not familiar to me. As we know, BTC and ETH are the top coins and the prices are also the highest, if you are looking for something that can still be achieved, it's better to just use BNB or Sol
Bitcoin is on a different level, so I agree that bitcoin is the main one and it will always be in the portfolio only compared to others, or bitcoin is what I will always prioritize.
other altcoins are options for us if we want to invest other than bitcoin. And usually I only invest in a shorter time or not as long as I will hold bitcoin.
Bitcoin is tested and trusted with time.
Alts - some of them are too, but they are still not as stable as BTC regarding being appreciated in value as time goes on due to the values that some of them uphold (different from BTC's).
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
Whether it's big or small scale, Bitcoin is the first asset you should adopt as a newcomer... it's more common and more stable, so it's very friendly for new users.. besides now Bitcoin is a very strong crypto currency, and when you start to have more advanced knowledge stepping into altcoins with higher risks, it will shape your character to find the right place for you....
Never try to jump straight into memecoin, it's too big a jump... everything must be done slowly and gradually so that you can survive longer and be able to find the best coin that suits you...
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- Maybe somehow bitcoin and other cryptocurrencies still have a fast spread. And how fast other cryptocurrencies spread, when there is another crypto that shows bad hype, cryptocurrency can also be damaged control just as quickly.
That's why we should still not forget to be careful with the cryptos we choose to invest in, because we know that there are many exploitative developers who are
making crypto especially in meme coins so let's just be vigilant always.
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You can start with at least four digital assets you mentioned maybe except for DOGE as it is a memecoin and old memecoins are getting out of flavor in the current market - they are losing excitement new ones are generating especially if endorsed even subtlety by CZ. Now, I actually don't believe that crypto adoption is spreading too fast...it is actually the other way around especially from the POV of people who had been here in the industry for years. I am glad that things are heating up in Nigeria, a country considered in the top 5 in terms of adoption and can be the oasis in the African continent.
You should also understand that many new meme coins has been ravaged with pumps and dumps scheme, unfortunately i still think that the old meme coins are more safer for near future investments.
I have not seen any new meme coins that has consistently maintained a good marketcap, trading volume and large community than Dogecoin, Pepe, Shibainu among others.
In short, most new meme projects are very risky, check the Trump, and Melenia meme coins that were launched recently, both has dumped beyond the expectations of many crypto investors/traders.
In my opinion, it is not advicable to invest on most the new meme coins that are not measureble to the old meme coins in terms of marketcap, trading volumes, and Coinmarketcap ranking.
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Of the 4 coins mentioned, I only recommend BTC and ETH, not DOGE and SUI, DOGE is a meme token that goes up if there is FOMO from celebrities, if SUI I don't really follow its development and it's not familiar to me. As we know, BTC and ETH are the top coins and the prices are also the highest, if you are looking for something that can still be achieved, it's better to just use BNB or Sol
Bitcoin is on a different level, so I agree that bitcoin is the main one and it will always be in the portfolio only compared to others, or bitcoin is what I will always prioritize.
other altcoins are options for us if we want to invest other than bitcoin. And usually I only invest in a shorter time or not as long as I will hold bitcoin.
Bitcoin is tested and trusted with time.
Alts - some of them are too, but they are still not as stable as BTC regarding being appreciated in value as time goes on due to the values that some of them uphold (different from BTC's).
Whether we do like it or not on which these altcoins too are considered to be good on which considering those which are placed on the top ranks then we can definitely say that they are doing just that fine or having those actual utilities on which are useful or something that is good. Recognition and adoption are in the move and its better not to stress yourself but rather be focusing into your investments because if you've been hurrying yourself about seeing global adaption and recognition then it will be just that making you impatient and can cause up that kind of stress on which it will be leading into disrupting with your current investment decisions or whatsover that it correlated to it.
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just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
OP this sounds very new to me, is this a news or it's a rumor?
To be candid, I'll be very happy if you could give a link related to this news. Because I haven't gotten across any African country adopting Crypto into her Nation's Economy.
It sounds interesting to me.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
What else do we want than this we have been seeing, we needed it so fast and this is just to encourage us and be rest assured that there is more hope in it, for people to be increasing in its adoption signifies something big, which everyone now are getting to discover about cryptocurrency unlike before when we all started, the more we go, the clearer it becomes and the wider the crypto adoption becomes globally, not even the government this time can hinder such from going wide.
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indeed bitcoin is a popular coin in the digital world, anyone who wants to start investing in digital currency is better off choosing bitcoin because it works very well. but we must have knowledge of trading or investing so that we do not choose coins carelessly to save because there will be failure in your dreams.
maybe for beginners you should look for news about crypto and study the fields of cryptocurrency.
Aside from how is spreading across the countries those who did not understand it before are beginning to make out chance to have a glance of it, I can remember so many people who were very resentful about Bitcoin before are now saying that they regretted ever doubting it before with the saying of what the amount they could have achieved from those days till now would have been, so it has also grown popular that people who weren't certain about the security are now convinced about it.
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Aside from how is spreading across the countries those who did not understand it before are beginning to make out chance to have a glance of it, I can remember so many people who were very resentful about Bitcoin before are now saying that they regretted ever doubting it before with the saying of what the amount they could have achieved from those days till now would have been, so it has also grown popular that people who weren't certain about the security are now convinced about it.
Indeed, it is evident that, with time, some of the opponents to the idea of Bitcoin and blockchain technology in the past have started embracing it. This demonstrates the idea that experience and observation can indeed go a long way in the amount of outcomes you are willing to get from the real world. However, it is important to understand here that the past performance is not necessarily equal to the future one. That is why in order to provide for a fresh performance and adapt to a new understanding of the market need, one must always be awake. It can be generally noted that there is an increase in level of security in the new world but then there is always a need for constant review of the existing security measures. Hence, there has been actualism of change but this should not discourage investors in making appropriate decisions.
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indeed bitcoin is a popular coin in the digital world, anyone who wants to start investing in digital currency is better off choosing bitcoin because it works very well. but we must have knowledge of trading or investing so that we do not choose coins carelessly to save because there will be failure in your dreams.
maybe for beginners you should look for news about crypto and study the fields of cryptocurrency.
Aside from how is spreading across the countries those who did not understand it before are beginning to make out chance to have a glance of it, I can remember so many people who were very resentful about Bitcoin before are now saying that they regretted ever doubting it before with the saying of what the amount they could have achieved from those days till now would have been, so it has also grown popular that people who weren't certain about the security are now convinced about it.
Many people and countries alike change their stance on BTC in general, and that's great when big and small parties can reconsider their actions and keep up with time and something that is really, really relevant for them especially.
Many are still ignorant, and that's neither sad nor bad, but we have lots of work to do still for Bitcoin to be properly adopted.
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indeed bitcoin is a popular coin in the digital world, anyone who wants to start investing in digital currency is better off choosing bitcoin because it works very well. but we must have knowledge of trading or investing so that we do not choose coins carelessly to save because there will be failure in your dreams.
maybe for beginners you should look for news about crypto and study the fields of cryptocurrency.
Aside from how is spreading across the countries those who did not understand it before are beginning to make out chance to have a glance of it, I can remember so many people who were very resentful about Bitcoin before are now saying that they regretted ever doubting it before with the saying of what the amount they could have achieved from those days till now would have been, so it has also grown popular that people who weren't certain about the security are now convinced about it.
Many people and countries alike change their stance on BTC in general, and that's great when big and small parties can reconsider their actions and keep up with time and something that is really, really relevant for them especially.
Many are still ignorant, and that's neither sad nor bad, but we have lots of work to do still for Bitcoin to be properly adopted.
One particular thing I’m sure of is that other African countries that haven’t adopted Bitcoin yet, will be moved to do so since Nigeria has done so. Hopefully, alot more countries not only African will get to accept the fact that Bitcoin is not a threat to their economies. I’ve read it a lot of times that that’s the reason for not adopting it.
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Aside from how is spreading across the countries those who did not understand it before are beginning to make out chance to have a glance of it, I can remember so many people who were very resentful about Bitcoin before are now saying that they regretted ever doubting it before with the saying of what the amount they could have achieved from those days till now would have been, so it has also grown popular that people who weren't certain about the security are now convinced about it.
Mate, It is way more difficult to educate one person or convince one person who does not have any knowledge about the crypto space. I remember the time when I jumped into crypto space; my own relatives, who did not believe in it and considered me a fool at that time, are now realizing that how much potential Bitcoin has in it. Now, this is the time where no one can neglect the power/potential.
A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.
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Aside from how is spreading across the countries those who did not understand it before are beginning to make out chance to have a glance of it, I can remember so many people who were very resentful about Bitcoin before are now saying that they regretted ever doubting it before with the saying of what the amount they could have achieved from those days till now would have been, so it has also grown popular that people who weren't certain about the security are now convinced about it.
Mate, It is way more difficult to educate one person or convince one person who does not have any knowledge about the crypto space. I remember the time when I jumped into crypto space; my own relatives, who did not believe in it and considered me a fool at that time, are now realizing that how much potential Bitcoin has in it. Now, this is the time where no one can neglect the power/potential.
A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.
- No doubt that at this time, more countries are at least recognizing the adoption of cryptocurrency or bitcoin via p2p features of exchanges or transactions.
Even here in our country, transactions in crypto or bitcoin are allowed to operate even though the majority of politicians here are busy with their own activities.
So it is likely that after a few more years, more countries will recognize and adopt bitcoin or cryptocurrency. Although in other countries,
it is not so easy for country officials to do that.
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A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.
this is fake news unless you can give a source? because from what i have seen bitcoin is not considered a legal tender in usa and pakistan despite bitcoin or crypto being very popular in both countries
the only recent bitcoin news i found from pakistan is this Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres (https://www.reuters.com/world/asia-pacific/pakistan-turns-bitcoin-miners-ai-data-centers-use-surplus-power-2025-04-09/)
bitcoin being legal in a country does not mean it is considered a legal tender in a country to define a legal tender: it’s a currency that is valid for payment within the country’s borders basically their national currency
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Bitcoin and crypto have started to become popular and many people already know about crypto, even though there are restrictions from the government of a country, bitcoin still survives and is followed by altcoins, so in my opinion it is useless to limit it, because technological advances make everything difficult to limit. Moreover, now many developed countries have started to legalize and accept crypto, so the government should also be able to accept crypto.
When there was ban on crypto by almost all countries (even the countries that has no idea about what crypto is), the citizens who knows about crypto were making use of it, either by investing, trading or stocking. Bitcoin made the people who knows about it free from governmental rules and regulations when it comes to financial freedom. The world is growing technologically, so should every country and the citizens of the countries as well. Any country that still place ban against Bitcoin/crypto currencies or is still against cryptocurrencies is just behind the scenes of an ongoing action movie which everyone is allowed to take part in the battle.
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this is fake news unless you can give a source? because from what i have seen bitcoin is not considered a legal tender in usa and pakistan despite bitcoin or crypto being very popular in both countries
the only recent bitcoin news i found from pakistan is this Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres (https://www.reuters.com/world/asia-pacific/pakistan-turns-bitcoin-miners-ai-data-centers-use-surplus-power-2025-04-09/)
bitcoin being legal in a country does not mean it is considered a legal tender in a country to define a legal tender: it’s a currency that is valid for payment within the country’s borders basically their national currency
Sorry, mate, for the typing mistake. I wanted to write legal assets, and rather than that, I wrote legal tender. Well, besides that, Pakistan's current government is working very well for the crypto space and for the execution of cryptocurrency so that they can attract international investment and also for the ease of its nationals so that anyone can invest in this space with confidence. Pakistan to formalise cryptocurrency, roll out regulatory framework. (https://tribune.com.pk/story/2535480/pakistan-to-formalise-cryptocurrency-roll-out-regulatory-framework) Rest of that, as far as i know currently only El Salvador is using crypto as a legal tender as i have seen some videos on the X/Twitter where kids were paying their pizza bill using cryptocurrency.
Other than that, Pakistan has also appointed the Binance X-CEO CZ for a strategic advisor role. Here is the source to that information: Binance Founder Changpeng Zhao Joins Pakistan Crypto Council as Strategic Advisor (https://pid.gov.pk/site/press_detail/28506)
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so while its completely ban, they are not cracking down crypto users or exchanges ? looks like a country that i wanted to live on. ;D
if they are adopting Bitcoin then good for them. we all have the right to make profits when the market shoot up and if Bangladeshi can make it to the ATH, i guess he can make a fortune while staking right now.
I don't really know what to call this because at one point I thought it was a weakness of our government agencies that they didn't have the ability to track down the public using crypto.
On the other hand, it seems that despite their ability, they play a flexible role in this regard even if the government completely bans crypto.
Because we can see that if there is an attempt to launder large amounts of funds, most of the time they are currently being caught by government agencies. It's amout the millions dollars things.
However, I am currently in a bit of a bad situation because the bank has already asked me to show the source of my money's earnings, but the source of my money's earnings is crypto. I have not given any information to the bank yet. Now I am worried about what information to give.
I'm sure if this happened to you, you wouldn't want to live in a country like this. ::)
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Bitcoin and crypto have started to become popular and many people already know about crypto, even though there are restrictions from the government of a country, bitcoin still survives and is followed by altcoins, so in my opinion it is useless to limit it, because technological advances make everything difficult to limit. Moreover, now many developed countries have started to legalize and accept crypto, so the government should also be able to accept crypto.
When there was ban on crypto by almost all countries (even the countries that has no idea about what crypto is), the citizens who knows about crypto were making use of it, either by investing, trading or stocking. Bitcoin made the people who knows about it free from governmental rules and regulations when it comes to financial freedom. The world is growing technologically, so should every country and the citizens of the countries as well. Any country that still place ban against Bitcoin/crypto currencies or is still against cryptocurrencies is just behind the scenes of an ongoing action movie which everyone is allowed to take part in the battle.
It is not unusual for there to be resistance when a technology that disrupts an industry first appears on the market. Cryptocurrencies are an innovation that disrupts the author’s established order. All the nations which do not accept cryptocurrencies are actually engaged in something that cannot be controlled with bans. The interested citizens will continue to engage themselves in increased participation because they are aware of the opportunities and freedom not seen in the previous system. Governments’ concern for having no control over the process, but the fact is technology will always be developing and the people will always be more prompt at implementing those changes. Bans only make a difference of time and in some cases, it highly contributes to the effect that people start using it in a concealed manner.
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A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.
this is fake news unless you can give a source? because from what i have seen bitcoin is not considered a legal tender in usa and pakistan despite bitcoin or crypto being very popular in both countries
the only recent bitcoin news i found from pakistan is this Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres (https://www.reuters.com/world/asia-pacific/pakistan-turns-bitcoin-miners-ai-data-centers-use-surplus-power-2025-04-09/)
bitcoin being legal in a country does not mean it is considered a legal tender in a country to define a legal tender: it’s a currency that is valid for payment within the country’s borders basically their national currency
Yes, the only place on which that make Bitcoin as legal tender is only El Salvador as of this moment, i dont know if there are new but basing up on the news then this is the only place on where it is that making up some that kind of legal tender thing but in speaking about being legal then there are several places now on which do consider out on Bitcoin or crypto as a whole but of course if we do speak about on the number of those who are still indecisive whether they should gonna ban it out or not then there's still tons of these places are still lying on the middle.
Crypto adoption is inevitable on which considering that awareness of its existence had become that evident or been shown in public then it do open up someones awareness on what it is very fast.
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A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.
this is fake news unless you can give a source? because from what i have seen bitcoin is not considered a legal tender in usa and pakistan despite bitcoin or crypto being very popular in both countries
the only recent bitcoin news i found from pakistan is this Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres (https://www.reuters.com/world/asia-pacific/pakistan-turns-bitcoin-miners-ai-data-centers-use-surplus-power-2025-04-09/)
bitcoin being legal in a country does not mean it is considered a legal tender in a country to define a legal tender: it’s a currency that is valid for payment within the country’s borders basically their national currency
Yes, the only place on which that make Bitcoin as legal tender is only El Salvador as of this moment, i dont know if there are new but basing up on the news then this is the only place on where it is that making up some that kind of legal tender thing but in speaking about being legal then there are several places now on which do consider out on Bitcoin or crypto as a whole but of course if we do speak about on the number of those who are still indecisive whether they should gonna ban it out or not then there's still tons of these places are still lying on the middle.
Crypto adoption is inevitable on which considering that awareness of its existence had become that evident or been shown in public then it do open up someones awareness on what it is very fast.
As for Central Africa, I know that they also made Bitcoin legal tender in their country, after this I have no news of which country followed them. Then until now, the adoption of bitcoin and cryptocurrency continues to spread throughout the world.
That's why most people still ignore bitcoin or cryptocurrency because they think differently about it, instead of a good opportunity, they think it's bad because some exploiters are using bitcoin or cryptocurrency to cheat.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..
just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..
I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
Go for those coins that are already established and has huge support from the community. Though it still depends on what type of investor you are either a long term or short. You can always check on forums and social media on what people are talking and make a research. Cryptocurrency adoption is inevitable in terms of adoption more countries will embrace on it in the near future not just Nigeria.
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Yes, the only place on which that make Bitcoin as legal tender is only El Salvador as of this moment, i dont know if there are new but basing up on the news then this is the only place on where it is that making up some that kind of legal tender thing but in speaking about being legal then there are several places now on which do consider out on Bitcoin or crypto as a whole but of course if we do speak about on the number of those who are still indecisive whether they should gonna ban it out or not then there's still tons of these places are still lying on the middle.
Crypto adoption is inevitable on which considering that awareness of its existence had become that evident or been shown in public then it do open up someones awareness on what it is very fast.
That is why it does not strike me as peculiar that many countries are only moying about Bitcoin. Most of them were created on the basis of traditional finance where the top down approach is used, whereas crypto introduced something brand new here: freedom of operations regardless of their geographical location. But that is exactly which is so exciting it. I concur with this fact probably this because adoption is becoming a process that is almost beyond control due to increase in curiosity from the people. One might think that when a single person begins to explore and try different things, then makes it obvious and public, the inclusiveness is humbler than strict rules. When looking in the same direction. There is no need of waiting for all the different countries in the world to be on the same page. And in some cases, large movements can arise from one small action: to change one mode of behaviour and start another one.
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The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick.
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This is what we want actually and it is very important that all hands of government in all nations are on deck to facilitate and make this fast adoption possible. Nigeria making a move is a welcome development as it’s a big nation in the African continent that may pave way for others to also show interest in that brave move of theirs. Mass adoption is what we are actually clamouring for and with the rate at which all this stuffs are happening should be something of joy and courage to continue to believe in this technology as a sustainable asset for investment over a long time period as we wish to keep them.
for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?
All this coins are big names in the crypto space and have already been able to still remain sustainable over a long period of time despite the market volatile nature. I suppose how you list them here is the way you should give them priority of investment as an early adopter over the other.
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When there was ban on crypto by almost all countries (even the countries that has no idea about what crypto is), the citizens who knows about crypto were making use of it, either by investing, trading or stocking. Bitcoin made the people who knows about it free from governmental rules and regulations when it comes to financial freedom. The world is growing technologically, so should every country and the citizens of the countries as well. Any country that still place ban against Bitcoin/crypto currencies or is still against cryptocurrencies is just behind the scenes of an ongoing action movie which everyone is allowed to take part in the battle.
I don't remember every country banning cryptocurrencies, but I do remember that China and some other countries had imposed bans on the usage of cryptocurrencies in the past, and that affected the market as well. However, other than that, you are right. There are still countries that are completely against cryptocurrencies and the reason is simple and known to everyone. They don't want people to have financial freedom and that's why they don't allow them to use cryptocurrencies because they know that assets such as Bitcoin promote decentralization.
Governments and authorities that have central control over everything in countries would never want something to prevail if it's going to become a hurdle in their way of controlling their people either through centralized financial systems or other methods. That's why, they can't allow Bitcoin and other cryptocurrencies promoting decentralization to take over the financial sector.
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Go for those coins that are already established and has huge support from the community. Though it still depends on what type of investor you are either a long term or short. You can always check on forums and social media on what people are talking and make a research. Cryptocurrency adoption is inevitable in terms of adoption more countries will embrace on it in the near future not just Nigeria.
Indeed, the idea is correct because selecting an established coin with a large community will indeed make many investors feel safe, especially if they are going to invest in the long or short term. Often, a solid community is the biggest determining factor in the success of a coin since they are not only customers but also backers who join in promoting the project. With the enhancement of the global awareness, countries started to pay attention to the fact that crypto is now a force to be considered even beyond Nigeria. With adoption in progress, few high community coins will stand a better chance of survival and growth in the future.
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As for Central Africa, I know that they also made Bitcoin legal tender in their country, after this I have no news of which country followed them. Then until now, the adoption of bitcoin and cryptocurrency continues to spread throughout the world.
That's why most people still ignore bitcoin or cryptocurrency because they think differently about it, instead of a good opportunity, they think it's bad because some exploiters are using bitcoin or cryptocurrency to cheat.
Truly, some exploiter will use it as a means or advantage to carry out money theft if the government of such a country accepts it to be legal or uplift any ban placed on it. This money theft will start from within the circle of the governmental leaders, mostly in a country that has trouble fighting corruption when the corruption is so open and plain to everyone's eyes.
Whether the government of a country accepts the use of cryptocurrencies or not, people who will make use of it will still do so.
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As for Central Africa, I know that they also made Bitcoin legal tender in their country, after this I have no news of which country followed them. Then until now, the adoption of bitcoin and cryptocurrency continues to spread throughout the world.
That's why most people still ignore bitcoin or cryptocurrency because they think differently about it, instead of a good opportunity, they think it's bad because some exploiters are using bitcoin or cryptocurrency to cheat.
I have never heard of it, like in South Africa, Bitcoin is also a legal tender. May I get any source about it? Yes, other than that, it is a fact that its popularity is spreading worldwide so quickly, and its adoption is becoming more and more widespread. A lot of big companies are accepting payment using Bitcoin these days. Other than that, it is now also being used internationally for trade between different countries.
Some days ago, I was reading a news headline that Russia paid a trade payment using Bitcoin, and this kind of adoption gives it a big boost to its popularity. mate, What do you think?
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The history of the development of crypto feels very fast when in 2017 to 2019 because between those years it was very phenomenal with the name ICO, I know this because there are many online news and various altcoinstalks members who give the same statement. So the spread of crypto adoption is so fast, plus now public figures like Donald Trump are even creating Meme coins.
If famous people are involved in the crypto field, then supporters and people around them will definitely follow in their footsteps by learning the basics of crypto first. At this time crypto is already well-known and of course the increase and decrease in crypto prices, I assume it will not be as extreme as the previous year because now many countries, institutions, financial institutions are also investing in crypto.
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The history of the development of crypto feels very fast when in 2017 to 2019 because between those years it was very phenomenal with the name ICO, I know this because there are many online news and various altcoinstalks members who give the same statement. So the spread of crypto adoption is so fast, plus now public figures like Donald Trump are even creating Meme coins.
If famous people are involved in the crypto field, then supporters and people around them will definitely follow in their footsteps by learning the basics of crypto first. At this time crypto is already well-known and of course the increase and decrease in crypto prices, I assume it will not be as extreme as the previous year because now many countries, institutions, financial institutions are also investing in crypto.
From the current state of the crypto, it seems more of real application and acceptance in the worldwide market than just a trend. You may understand that famous personalities, enormous corporations, as well as governmental organisations, are gradually contributing to the recognition of cryptos. I believe that this has turned many of the people who were hitherto spectators and gave a passing glance wantingfully, to learners at the barest minimum and those who are now seeking to have an in-depth grasp and understanding of this emerging form of digital asset. However, I think that the market still contains some unpredictable events and the situation is more prepared for change without such big fluctuations as before.
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Crypto adoption is not happening faster, if anything it has happening at the same rate that it has been moving along for years.
Bitcoin was supposed to be something disruptive like the internet or mobile phones, but the main reason why this has not reached critical mass so quickly like the others is because bitcoin was not very valuable back then at the beginning, and of course regulators tried to kill it, like they try with everything new.
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Crypto adoption is not happening faster, if anything it has happening at the same rate that it has been moving along for years.
Bitcoin was supposed to be something disruptive like the internet or mobile phones, but the main reason why this has not reached critical mass so quickly like the others is because bitcoin was not very valuable back then at the beginning, and of course regulators tried to kill it, like they try with everything new.
I don't know if you're saying this from a survey or not. But I personally think that's not should be the case. Because in this era of technology and where people are very active on social media, I find it hard to believe that crypto isn't spreading fast.
And besides, we're talking about crypto currencies here, so the projects that come from airdrops and the people even who did airdrop them later get attached to other coins and invest in them, these are all part of a normal phase.
And considering all this, I would say from my personal point of view that even there can be less growth of long-term crypto adopter but short-term adoption is always going to high rate.
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If famous people are involved in the crypto field, then supporters and people around them will definitely follow in their footsteps by learning the basics of crypto first. At this time crypto is already well-known and of course the increase and decrease in crypto prices, I assume it will not be as extreme as the previous year because now many countries, institutions, financial institutions are also investing in crypto.
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However, I think that the market still contains some unpredictable events and the situation is more prepared for change without such big fluctuations as before.
The law of economics is that the more people trade, the tighter the price competition.
What is happening now in crypto is that many companies and institutions are trading crypto. So, it feels slow for Bitcoin to move quickly in fluctuations from now to the future.
Just look at the Bitcoin market now stagnating between $ 83,000 and $ 93,000, while I want the price of Bitcoin to exceed $ 130,000.
Just imagine, if Bitcoin goes up to a price of 130,000, then the Whales who have a lot of Bitcoin sell it directly at that time and Take Profit. So, there is no more increase and the fluctuation starts again and Dump.