Bybit to the rescue

Today, I finally moved my crypto to fiat operations to a new p2p exchange, Bybit, it was clunky at first, but who cares, I found my way around it and it was in fact much easier than I’d anticipated.

Just makes me wonder what the point of Nigerian government cracking down on Binance was if there were other platforms that could and were doing the same thing all over the place. So they’ll have to shut every p2p platform down one by one? Ridiculously ridiculous.

My initial thought was that, worst comes to worst, we will carry our crypto to fiat operations to WhatsApp, or telegram, or basically any instant messaging app and see how they’ll block all of that too. But it hasn’t even gotten to that yet and I don’t think it ever will.

We move 💪

Binance was just the scapegoat for the moment, a distraction from the fundamental problems devaluing the Naira, now that Binance has nothing to do with NGN anymore, you’d think the price of Naira will appreciate against the dollar but guess what, it hasn’t happened and never will not until the real problems are taken care of.

The value of Naira has further declined, and we are almost back to where we left off at 1800naira to $1. My country could be a comic relief. But what I don’t find funny is that the Nigerian government is making crypto the enemy in a crucial time like this. If this isn’t evil, then I don’t know what is.

Financial transformation

What if Binance was actually the only p2p option Nigerians had to trade fiat to crypto and vice versa? So ultimately, it means if the govt had the chance to block everything crypto they would? Just when the bull run is getting heated up? Terrible! Nigerian government and doing the absolute worst 🤝

Remember the weapons fashioned against you the Bible always talked about? It be looking like Nigeria govt a lot! Like, can you imagine being locked out of a bull market because of corruption and inefficiency of the government? the corruption and inefficiency that benefits only them?

Evil won’t prosper

Thank goodness the Bible had said they will not prosper, because honestly, in the midst of all these restrictions and regulations, Nigerians have shown incredible resilience and adaptability.

We've navigated through the stormy waters of fiat depreciation, leveraging cryptocurrencies not just as a store of value, but as a beacon of hope and empowerment.

Bitcoin and other cryptocurrencies have become lifelines for many, hedging against the relentless inflation that eats away at our fiat savings.

We are unstoppable

This shift towards cryptocurrencies is a profound statement of defiance against a system that seems to work against the common man. It's about creating a parallel economy, one where we, the people, have control over our wealth without the fear of sudden devaluation or government interference.

In this emerging circular economy powered by Bitcoin and other digital currencies, we're witnessing the birth of a new era of financial independence.

Here, transactions are swift, borderless, and inclusive, fostering a community that thrives on mutual support and innovation. It's a testament to the power of decentralized finance in providing real-world solutions to the economic challenges we face.

Crypto future is ours

So, while the government may see crypto as a threat, for many Nigerians, it represents a gateway to financial stability and freedom. It’s an opportunity to participate in global markets, invest in our futures, and shield ourselves from the whims of an unstable economy.

Thanks for reading.

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Posted Using InLeo Alpha