lots of risks involved in bitcoin!! Central bank of Nigeria gives warning!!!!!

in #bitcoin7 years ago

there are dangerous risk involvement in bitcoin .The central bank of Nigeria governor who have been told to stay away from bitcoin or cryptocurrencies.

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governor godwin Emefiele yesterday said at his statement.bitcoin is the fastest growing crypotcurrency in the world right now and huge volatility seen in last few month.

"Bitcoin is like a gamble and there is a need for everyone to be very careful about it."

he said central bank can not give support to situations where people risk savings to gamble.

he said "i have asked my colleagues in the research and monetary policy dept to study the market to know what the issues are ."

but this is true that the demand of bitcoin in nigeria even in the world is high and buyers are looking for it.btc price hits recent almost $20k and currently it stay in $10-11k.

source: expesss.co.uk

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it is really fishy ...it hit 20k and dropped into 10k within few days

yup i think it will crash soon

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If bitcoin crashes, coincidentally a lot of other cryptocurrencies will crash too. Also, @pagol welcome to Steemit! Consider making a post all about yourself, tell us who you are, what your interests are, what you want to write about, your passions, and use the introduction and introduceyourself tags to let Steemit know "Hey, this is me" :)

People react based on emotions that's why they lose money. They buy when they are euphoric and sell when they are afraid. From this point of view, any investment is gambling. If someone has a system to use that ignores his own emotions, then investments are no longer 'gambling'.

Thank you because you are my follower! I chose to upvote your post, although I don't agree at all with the idea of comparing bitcoin to gambling, which that central bank governor of Nigeria stated.

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