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

CategoryEducation

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...

Things Every Cryptocurrency Beginner in Nigeria Should Know

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Owning cryptocurrencies is one of the best decisions anyone can make. As a Nigerian, this statement holds more weight as technology offers boundless opportunities for economic freedom. Cryptocurrency has made it easier to carry out transactions and other activities. It radically changes how one can live their lives. It is important that one is aware of the different factors that can enhance their...

The Best Cryptocurrency Applications

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The rate of innovation in the cryptocurrency space gives both newcomers and veterans in the sector more opportunities to benefit from superior customer experiences. Unlike when cryptocurrencies were first introduced, the competition is stiffer among cryptocurrency firms. Crypto Tracker Crypto Tracker may seem simple at a glance but it is incredibly powerful. It gives you access to the prices of...

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...

Ways to Store Your Cryptocurrency

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Ways to Store Your Cryptocurrency There are many popular ways to buy bitcoin and other cryptocurrency. The list is endless. It is important to make sure you do background research on the ways your crypto can be stored. As the demand for and popularity of cryptocurrencies increases, it becomes increasingly important to ensure your holdings are as safe as possible. Store Your Bitcoin Safely There...

Cryptocurrency and Economics: What to Do When an Economy Fails

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Cryptocurrencies are underrated. Since the creation of Bitcoin, millions of people around the world and even billions have been offered new choices. These choices represent freedom not only financially but from the inner conflicts which many economies have faced. Pesos, Bitcoin, and War Venezuela serves as an example of how cryptocurrency can provide a lifeline from economic turmoil in a nation...

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...

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