NairaEx Blog Providing latest news and announcements related to the NairaEx website as well as the general cryptocurrency in Nigeria.

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Major Chinese Miners Expecting Increasing Investment in Bitcoin

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Hash rate

Major Chinese cryptocurrency miners are betting on increasing Bitcoin investments in the next six months which will help keep them in business after the May 12 halving. The sentiment was found in a survey conducted by crypto services firm RockX on May 4, 2020. According to this survey, approximately 57% of the total Chinese cryptocurrency miners believed that a large influx of new investors was...

Bitcoin Buying and Selling Strategies

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There is much to be gained from taking a deep dive into Bitcoin. The learning experience is rewarding in more ways than one. Not only can you gain monetary benefits but also, you gain a deeper understanding of the world of finance. Key buying and selling strategies open up windows of opportunity for traders of Bitcoin.  Dollar Cost Averaging Dollar-cost averaging is a method by which one...

Bitcoin’s Price Behaviour during Previous Halvings in 2012 and 2016

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In cryptocurrency circles there is considerable discussion going on around the May 2020 Block reward halving. Previously, two halvings were undertaken back in 2012 and 2016. Let us discuss briefly what is this halving and how previous halvings impacted the cryptocurrency’s price.  What is Block Reward Halving? Every 10-12 minutes, 12.5 new BTC are created by the Bitcoin network and...

10 Reasons to Buy or Hold Bitcoin in Nigeria

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1. Nigeria Will Face a Recession in the Future Most developing economies like Nigeria expect their economies to go into a downturn in the coming months. The nation is still gasping for breath after being beaten severely by a 2016 economic recession. The nation’s pace of recovery has been slow, despite achieving a milestone: 2.55% gross domestic product (GDP). History has shown that bitcoin can be...

Bitcoin, the Economy, and the Coronavirus

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Price Retracements as Markets Face the Coronavirus Woes Price retracements have been witnessed in numerous sectors, including the cryptocurrency markets. Sliding bitcoin prices pose questions as to whether the cryptocurrency is really a safe-haven commodity. As a consequence of many factors, like the coronavirus, the economies have encountered major obstacles to the sustainability of their...

The Incoming Bitcoin Halving

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The Bitcoin halving is approaching. Bitcoin halvings are scheduled to take place once every 210,000 blocks (every four years)- until the maximum supply of 21 million bitcoins has been made by the network. Bitcoin halvings will continue to take place until all Bitcoin is supplied. The Halving Effect Source: Fintechna When the halving occurs, the mining rewards for BTC, BCH, and BSV will be reduced...

What is the Best Bitcoin Alternative? – Our Best Altcoin Picks

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What is the best Bitcoin alternative? Is there even another cryptocurrency worth investing in? Many Nigerians can no longer afford to invest in a whole Bitcoin. The race is, therefore, on in Nigeria to identify the best altcoins to invest in ready for 2020. Here at NairaEX, we can’t say for certain what these coins are. However, we do have five favorites. What is the Best Bitcoin Alternative? No...

How to Get Bitcoins in Nigeria and How to Store BTC Safely

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Bitcoin is taking Nigeria by storm. If you are looking at how to get Bitcoins in Nigeria, you likely want to become part of the Bitcoin revolution yourself. Here, we’ll, therefore, look at how to fund a Bitcoin wallet and start investing. How to Get Bitcoins in Nigeria – A Beginners Guide How to get started with Bitcoin is simple. All new investors need to do is decide how much Bitcoin to...

NairaEx / Bitcoin.NG NewsLetter – October Review

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In an eventful month for the cryptocurrency market, October 25 saw Bitcoin price surge by 42% in 24 hours; its highest single-day rally since 2011. The price pump saw the number 1 cryptocurrency, move from $7,400 per Btc to $10,400 within a few hours; setting the tone for a bullish scenario. Although a retracement to below $10,000 ensued, traders and investors sure had taken profits; with many of...

Buying Bitcoin – NairaEx Vs Peer to Peer Cryptocurrency Exchanges

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Difference between NairaEx and other site in Nigeria

More Nigerians are buying Bitcoin than ever previously. This is a trend mirrored across Africa. Peer to peer cryptocurrency exchange Paxful has recently reported 20% growth among African users. However, for Nigerians looking for the best Bitcoin to Naira prices, peer to peer exchanges are rarely the best option. NairaEx Vs Peer to Peer Exchanges At present, Nigerians commonly use peer to peer...

NairaEx Blog Providing latest news and announcements related to the NairaEx website as well as the general cryptocurrency in Nigeria.