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0 sats \ 0 replies \ @6ef1e075c3 OP 13 Jul \ parent \ on: Bitcoin Just Hit $118K — But This Feels Different Than 2021 bitcoin
Totally agree pricing Bitcoin in gold gives a clearer perspective that gets lost in USD hype. When you zoom out, it's a reminder that fiat gains can be deceptive in a world of constant debasement.
I also feel this cycle is more strategic than speculative. ETFs, institutions, and steady global adoption are giving Bitcoin more structure this time less moonboys, more balance sheets.
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You're right a truly bitcoin-backed financial system is still a long game, if at all.
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Slow gov adoption feels inevitable, especially for reserves or remittance corridors.
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And yes $150k seems reasonable before we get any real flush. Momentum still feels healthy, not euphoric.
Thanks for adding such a grounded take to the noise. ⚡
Absolutely. Many Nigerian youths are starting small businesses to survive.
When I say “handwork,” I mean:
Phone & gadget repairs
Haircuts, barbing, makeup
Fashion design & tailoring
Food delivery & home catering
Welding, carpentry, and auto repairs
Nail tech & skincare services
They combine these with crypto/forex hustles online using one to fund the other. It’s all about being multi-skilled now.
Yeah, most people here treat BTC as savings it’s stored on-chain and rarely spent. When it’s time to pay for things, we swap to USDT on Tron for fast, cheap transactions.
As for vendors accepting USDT, they’re definitely more visible and at risk, especially if they use local banks or public groups. That’s why most keep it low-key, use codewords, and rely on referrals.
It’s a bit of a grey market… but people still find ways to survive.
Yes that's correct as before the Naira was greater than the CFA, GHS, UGX and others but now, the reverse is the case
You're right to question that it's a bit of a gray zone here.
After the CBN ban, most banks were ordered to freeze accounts linked to crypto transactions. So people adapted.
We now mostly trade peer-to-peer (P2P) using platforms like Binance (before it got limited), Telegram groups, or trusted third-party vendors but without a narration to prevent lock on account.
Many still use USDT and BTC, but through unofficial channels.
No one really accepts sats directly for everyday things yet except me trying to change people notion to SATS (lightning adoption is close to zero), but USDT on Tron is often used like cash for buying phones, cars, services, even rent.
So is it safe?
👉 Yes, if you're discreet and know who you're dealing with.
The government might be incompetent, but they do make examples when they want to scare people.
But overall?
Crypto is alive and thriving underground. Nigerians will always find a way. 🔐⚡
GENESIS