[OPINION] Nigerians and Quick Money, Cryptocurrencies By Tobenna Obiano

I once warned, even writing on this very platform against MMM that once was a darling for virtually all Nigerians, they took us as fools and told us off. As was expected, when it happened, the real fools were known, they cried blue and black. Well, pitifully, we laughed.

Now, cryptocurrencies has since taken over. If the calculations fall right and realities popping up are anything to go by, it would hit us hard. Bitcoin is next!

Whenever friends and readers ask about my thoughts with cryptocurrencies especially Bitcoin, I tell them pointblank that even as it looks promising, it might still fizzle away like those before it.

For me, it’s better to buy a plot of land in some part of Awka, Anambra State for N7,000,000.00 (seven million naira only) which one can comfortably sale again barely after two years for nearly N18,000,000.00 (eighteen million naira only) or thereabout than invest in this online, internet and cryptocurrencies.

Please, don’t come here to educate me on Bitcoin. If you want to comfort or bring forth self-assurance, do so on your wall, don’t vent or rant on mine. South Koreans are suffering it already. That’s exactly how it starts. That hackers had withdrawn about 20billion dollars from there whatsoever. So, a system that guards such amount wouldn’t have a very strong and reliable security.

And now, FaceBook has officially banned any advertorials that has to do with cryptocurrencies on their platform. What does it read? The end is near.

Watch it, thread with caution. You were warned!