Do you know Bitcoin has been
lucrative and you could make
money from it? Read what CBN
says!
You might have heard about Bitcoin or
even transacting with Bitcoin already.
Bitcoin has been in existence since 2009
but many Nigerians learnt about it in 2016
through some online investment schemes
that transacts with Bitcoin.
However, Irrespective of the fact that
you have done one or two transactions
with Bitcoin, you will be astonished to
realize that there are still more to
explore on Bitcoin.
But some Nigerians are yet to know
what Bitcoin is, to carry everyone along
let’s do a brief introduction to Bitcoin.
Some persons have this misconception
that 'Bitcoin belongs to Ponzi schemes'
because they know nothing about
Bitcoin. Ponzi schemes make use of
currency that is worldly accepted.
Previously Ponzi schemes used PayPal
but due to high demand for Bitcoin and
how ease and speedy it is for
transactions, it becomes the ideal
currency. So Bitcoin doesn’t belong to
ponzi schemes, any person or
organization can use Bitcoin for
transactions just like PayPal.
What really is Bitcoin?
Bitcoins are fully digital virtual coins
that can be exchanged directly between
two parties via the web either in the
same country or not, without the need
for an intermediary such as Western
Union Money transfer.
Unlike modern money, Bitcoin, which
has often been called money for the
internet, is not controlled or endorsed
by any bank or central government or
authority , such as the Federal Reserve.
Bitcoin is a means of exchange that is
generally accepted in the digital world,
that’s why it is called digital currency.
Just like any other currency, Bitcoin has
value and it is also in the exchange
market. When Bitcoin started, 1BTC was
less than 1USD. As at today, 1BTC is
equivalent to 1000+USD. Meaning if
own 1BTC and you want to exchange it,
the other party will pay you 1000USD
(N500,000) to collect 1 single Bitcoin
from you. Can you imagine how rich
you will be if you have 5 to 10 Bitcoins?
Click Here to See!
Bitcoin Importance in the Business World
Bitcoin is increasingly popular in the
business world. Thousands of businesses
around the world now accept Bitcoin as
a legitimate payment method. While
some time ago it was used as payment
for illegal goods online, thousands of
reputable e- commerce business are
beginning to accept BTC as payment ,
including suppliers of Etsy , WordPress ,
Overstock and Amazon. Even some
retailers are beginning to accept
Bitcoins in their stores. With the
extreme facilitation of transfer and
earning of Bitcoin, it would be a
mistake not to accept these new-found
online coins as cash.
Bitcoin has created a Lot of Wealth for
Many People in the world
Bitcoin has created many business
opportunities like, Bitcoin trading,
Bitcoin mining, Bitcoin merchandize
etc. People who are into these businesses
are making a lot of money.
As a means of exchange, it is possible
for Bitcoin to become the first global
official currency. When this happens,
there will immense demands for
Bitcoins.
By the look of things, it’s like American
President-elect Donald Trump, a
business tycoon have plans for Bitcoin.
Recently, Trump added to his cabinet an
active and vocal supporter of
cryptocurrencies and blockchain,
Congressman Mick Mulvaney as his
administration’s Director of Office of
Management and Budget.
Also our financial authorities CBN and
Co have noticed Bitcoin and they are
currently examining it.
Last week, Vanguard newspaper
reported that Alhaji Umaru Ibrahim, the
Managing Director, Nigeria Deposit
Insurance Commission (NDIC), on
Friday said:
“On our part, we have constituted a
committee together with the central
bank to have an in debt study of this
phenomenal Bitcoin. We will look at its
advantages and disadvantages, what it
means for the payment system and what
it means for safety and security of
customers.’’
Ibrahim further said a lot of Nigerians
had already started patronizing Bitcoin,
stressing that ‘it had started to creep in
and nobody could stop it. He said that
in Europe and the United States, it had
gained currency and some of the
leading banks in Europe had also
adopted their own versions of Bitcoins.
Evidently, very soon Bitcoin may
become a household name. People will
need Bitcoins to carry out various
transactions. You can imagine the kind
of money you will make if you become a
reliable Bitcoin dealer. No white collar
job can be compared to it.
Remember, when a new business
opportunity emerges, not all will quickly
recognize it. Most times, the few to first
invest on just ventures use to make a lot
of money before other investors come
in to compete.
For instance, when telecommunication
companies came to Nigeria, they created
a lot of business opportunities e.g.
recharge card printing and supply. I
came remember in those days; in my
state only one man was printing and
supplying recharge cards for almost a
year without any rival or competitor.
You can envisage the millions this man
made before others later came into the
business.
Such opportunity is here again and
you’re very fortunate, in fact you’re
blessed to read this article today.
An exceptional Bitcoin business you really
need
You’re about to learn an exceptional
Bitcoin business which anyone can do
and start making money. No matter
your profession or situation, whether
you’re a student, self employed,
employed or you’re unemployed. This
investment will improve your financial
situation. This investment is not a Ponzi
scheme were you could lose money.
The legitimate Bitcoin investment
platform will help you to become more
familiar with Bitcoins. E.g. you will
learn how to open a Bitcoin bank
account and start transacting in coins.
For those who already have a Bitcoin
wallet, you will join a team of like-
minded investors around the world in a
Bitcoin project that will improve your
financial situation coming 2017.
One fascinating thing about this
business is that high foreign exchange
rate even favors investors. Meaning
when many Nigerians are there
shouting “dollar exchange rate is too
high.” Those investing on this
exceptional Bitcoin business will be
smiling because the high exchange
means more money for them. Now tell
me, why can’t they be living fine during
recession?
If you’re looking for a way forward in
this 2017 to create an enormous passive
income that can satisfy your financial
needs, then this could be the most
important information you’ll discover
in your lifetime. Hence, to learn about
this legitimate Bitcoin investment and
how to get started immediately join over team today.
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