Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Agbe on July 02, 2024, 07:51:33 PM
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First of all let me differentiate poverty and hunger. Because most of us don't know di different and we using them together.
Poverty does not mean say you don't have for to eat, you don't have anything. But you have food to eat but it is not sufficient fill yourself. In 2020 World Bank said the average Nigerians are living below one dollar a day. And by then 1 dollar was #366 and if someone didn't have that amount then that person can't invest in Bitcoin because he very poor that he or she only thought on survival. And that is why when people are saying that bitcoin is for everyone, yes I agreed but not everyone can invest because cost of living making things difficult for some people to invest in bitcoin. Not everyone has access to Internet and not everyone has money to invest. Yesterday and today Vanguard newspaper again. I have been following the news on social media platforms and blogs , the current serving Presidential aide said, 63% of Nigerians are wallowing in poverty, so this has came to my mind will this 63% who can't afford $1 dollar a day invest in bitcoin if we go with the idealist saying of bitcoin is for everyone therefore everyone can invest it in. Yes everyone can do that but what of the 63%?
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This has indicated it that the 63% which is below 1 dollar a day can't invest in bitcoin.
And hunger is the time when you don't have anything to eat so those who are hungry too can't invest because they have to eat first.
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Bitcoin investment no be for people wey never chop or wey no get work because if you buy bitcoin, you need to hodli am a very long time before you go see profits. Bitcoin investment na for people wey get source of income and from their income them still get extra to save for bank so that them go fit use am do better thing for future. Instead of keeping the money for bank na to use am buy bitcoin to save your money from depreciation and profit in the long run. Bitcoin no be get rich quick scheme na investment for the future.
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If you must invest profitably in bitcoin, it has to come from a comfortable place. Signature campaigns have helped the few fortunate Nigerians to have some kind of weekly investment in bitcoin, even if they are not working. The others who do not have this opportunity have to work for it, and until they are in a comfortable place, investing in bitcoin cannot be a priority to them, no matter how much they hear about it.
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I been don see this post pop up for notification as you post am for the other forum but as I come here I still see an again this is to say that I will reply here to pass my opinion. See eh my brother e no really easy as you see am so because some people for this we country dey suffer even though dem no fit afford bitcoin e no mean say na the ending of bitcoin be this at least bitcoin is far more affordable than gold. An average person fit afford to buy bitcoin worth of 5k but e go dey hard to see person fit use 5k buy gold na here bitcoin take better pass any other currency or natural resources, anytime person wakey him fit go buy am any amount wey him want without limitations.
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Well you are absolutely right because in as much as is very important to invest on Bitcoin but I don't think there is any chance everybody will be able to invest on it because of financial challenges, however there are people who even find it very difficult to have two square meal a day let alone asking the person to invest on Bitcoin, however when they said Bitcoin investment is not meant for everyone I use to understand it on different perspective but realizing what most people are going through financially I realized that truly is not meant for everyone.
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When it was said that Bitcoin is for everyone, that does not mean or imply that everyone must invest in bitcoin, it only means that investing and holding bitcoin is open to everyone, it's now up to you and me and the next person to respectively decide on our own individually if we want to invest or not, no body can force one not to invest, and like wise, no body can force one to invest if he or she doesn't want to, This is also what freedom means I guess, the liberty to decide whether to invest in bitcoin or not.
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Now I can see from the two side that the language is changing and now it is for the general public in the two forums to also deliberate on it. Even bitcoin is open source and it is open for all the people in the world, it is not everyone can invest in it because of one thing or the other. Therefore that concept of all should be limited because there are some people that can't invest and not that they don't want to invest but they don't have the opportunity to invest. And I am arguing this from the social science perspective. And precisely economic, political and sociology angle.
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Now I can see from the two side that the language is changing and now it is for the general public in the two forums to also deliberate on it. Even bitcoin is open source and it is open for all the people in the world, it is not everyone can invest in it because of one thing or the other. Therefore that concept of all should be limited because there are some people that can't invest and not that they don't want to invest but they don't have the opportunity to invest. And I am arguing this from the social science perspective. And precisely economic, political and sociology angle.
Lol 😂, brother, maybe you should calm down a bit, what you are arguing about is completely different from the perspective that is built into bitcoin, and think of it this way, your economic, political and it sociological perspective to the statement that "Bitcoin is for all" does not change the fact that Bitcoin is actually for all, and why is this?
It's simple, there is no form of restrictions built into the bitcoin code; which limits who can buy/invest in it, and who can't, everyone, and I mean every single person in the world can buy/invest and hold bitcoin if they want, and if anybody can't for some reasons or the other, it's completely not the fault of bitcoin, it is not because is not accessible to them, it is simply their own personal issues or decisions/opinions that is holding them from buying/investing, of which if any day, they wake up and that issue is solved, or they somehow managed to change their decision/opinion; (most especially) as it concerned bitcoin, such one or they can buy/invest in bitcoin without restrictions or limitations.
So to sum it up, we ourselves, are our own restriction/limitation/unaccessibility to bitcoin, bitcoin is for all, but it's still on us to decide whether to buy/invest in it or not.
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Now I can see from the two side that the language is changing and now it is for the general public in the two forums to also deliberate on it. Even bitcoin is open source and it is open for all the people in the world, it is not everyone can invest in it because of one thing or the other. Therefore that concept of all should be limited because there are some people that can't invest and not that they don't want to invest but they don't have the opportunity to invest. And I am arguing this from the social science perspective. And precisely economic, political and sociology angle.
Lol 😂, brother, maybe you should calm down a bit, what you are arguing about is completely different from the perspective that is built into bitcoin, and think of it this way, your economic, political and it sociological perspective to the statement that "Bitcoin is for all" does not change the fact that Bitcoin is actually for all, and why is this?
It's simple, there is no form of restrictions built into the bitcoin code; which limits who can buy/invest in it, and who can't, everyone, and I mean every single person in the world can buy/invest and hold bitcoin if they want, and if anybody can't for some reasons or the other, it's completely not the fault of bitcoin, it is not because is not accessible to them, it is simply their own personal issues or decisions/opinions that is holding them from buying/investing, of which if any day, they wake up and that issue is solved, or they somehow managed to change their decision/opinion; (most especially) as it concerned bitcoin, such one or they can buy/invest in bitcoin without restrictions or limitations.
So to sum it up, we ourselves, are our own restriction/limitation/unaccessibility to bitcoin, bitcoin is for all, but it's still on us to decide whether to buy/invest in it or not.
That is the theoretical aspect of bitcoin which clearly known by all the intellectual people who understand bitcoin that it is an open source which makes everyone have access to it if only the person have money to invest. And they are other ways one can also have bitcoin through Signature Campaigs and Bounty campaigns by just promoting the company online. But in real life and you know how people are disturbing you in your compound. We know bitcoin is open for all but can those poor people in your compound invest in bitcoin and the investment last to the end and they can wait till the time of reaping? I like realistic in such matter and not idealistic. The poor people I know in my area can't invest in bitcoin even though they have 1 million.
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Now I can see from the two side that the language is changing and now it is for the general public in the two forums to also deliberate on it. Even bitcoin is open source and it is open for all the people in the world, it is not everyone can invest in it because of one thing or the other. Therefore that concept of all should be limited because there are some people that can't invest and not that they don't want to invest but they don't have the opportunity to invest. And I am arguing this from the social science perspective. And precisely economic, political and sociology angle.
Lol 😂, brother, maybe you should calm down a bit, what you are arguing about is completely different from the perspective that is built into bitcoin, and think of it this way, your economic, political and it sociological perspective to the statement that "Bitcoin is for all" does not change the fact that Bitcoin is actually for all, and why is this?
It's simple, there is no form of restrictions built into the bitcoin code; which limits who can buy/invest in it, and who can't, everyone, and I mean every single person in the world can buy/invest and hold bitcoin if they want, and if anybody can't for some reasons or the other, it's completely not the fault of bitcoin, it is not because is not accessible to them, it is simply their own personal issues or decisions/opinions that is holding them from buying/investing, of which if any day, they wake up and that issue is solved, or they somehow managed to change their decision/opinion; (most especially) as it concerned bitcoin, such one or they can buy/invest in bitcoin without restrictions or limitations.
So to sum it up, we ourselves, are our own restriction/limitation/unaccessibility to bitcoin, bitcoin is for all, but it's still on us to decide whether to buy/invest in it or not.
That is the theoretical aspect of bitcoin which clearly known by all the intellectual people who understand bitcoin that it is an open source which makes everyone have access to it if only the person have money to invest. And they are other ways one can also have bitcoin through Signature Campaigs and Bounty campaigns by just promoting the company online. But in real life and you know how people are disturbing you in your compound. We know bitcoin is open for all but can those poor people in your compound invest in bitcoin and the investment last to the end and they can wait till the time of reaping? I like realistic in such matter and not idealistic. The poor people I know in my area can't invest in bitcoin even though they have 1 million.
You know most times people aren't poor financially but are poor mentally why because they refused to expand their mental thinking about the various knowledge they would acquire. When we say people are poor doesn't mean that can't invest in bitcoin rather they can't bear the risk of losing their money knowing too well that most Nigerian needs an urgent money where they could invest and expect to see their money within the next 3 to 7 days interval. Like we know bitcoin is here to stay and anyone can invest in Bitcoin at any time any day without the fear that they can't get bitcoin.
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Everyone should first fulfill their basic needs because it's more important to do those first than thinking about Bitcoin investment or any other kind of investment. I believe Bitcoin investment at current times is for those people who have some kind of income that's sufficient to fulfill their basic needs and still they might have some left which they can invest in Bitcoin.
Those who are very poor can't invest in Bitcoin because fulfilling their basic needs would be a challenge for them and in such times thinking about investing in Bitcoin should be out of question for those people.
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You know most times people aren't poor financially but are poor mentally why because they refused to expand their mental thinking about the various knowledge they would acquire. When we say people are poor doesn't mean that can't invest in bitcoin rather they can't bear the risk of losing their money knowing too well that most Nigerian needs an urgent money where they could invest and expect to see their money within the next 3 to 7 days interval. Like we know bitcoin is here to stay and anyone can invest in Bitcoin at any time any day without the fear that they can't get bitcoin.
You made the argument from idealist school of thought. In reality, World said the average Nigerians are not living with a dollar a day, this is not mentally thinking again but need attention financially and your Presidential aide last month said it openly that 63% of Nigerians are still wallowing in poverty and this is not mentally thinking again. And we should argue with reality and not from thinking. Let just calm down and look around us and count the people that can buy a custard 🍮 of garri a week. Omen I am saying this from live experience now. God blesses me to give them. And I must tell you the truth they can't invest in bitcoin.
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SamReomo you are welcome. +1 for you for the nice comment. That is the reality of the issue.
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You know most times people aren't poor financially but are poor mentally why because they refused to expand their mental thinking about the various knowledge they would acquire. When we say people are poor doesn't mean that can't invest in bitcoin rather they can't bear the risk of losing their money knowing too well that most Nigerian needs an urgent money where they could invest and expect to see their money within the next 3 to 7 days interval. Like we know bitcoin is here to stay and anyone can invest in Bitcoin at any time any day without the fear that they can't get bitcoin.
You made the argument from idealist school of thought. In reality, World said the average Nigerians are not living with a dollar a day, this is not mentally thinking again but need attention financially and your Presidential aide last month said it openly that 63% of Nigerians are still wallowing in poverty and this is not mentally thinking again. And we should argue with reality and not from thinking. Let just calm down and look around us and count the people that can buy a custard 🍮 of garri a week. Omen I am saying this from live experience now. God blesses me to give them. And I must tell you the truth they can't invest in bitcoin.
I am not arguing neither I mine disputing the fact people are wallowing an abject poverty and of course people aren't spending upto a dollar per day due to the nature of things I mean extremely hard with an insufficient feeding that is generalized in most families in the country, and government is too adamant to pay attention towards how they could solve the issues and bring people out of poverty yet they kept saying they spent billions every year to eradicate poverty I wondered whom they are giving those money and again, the total population of Nigeria is not up 300 million people and yet they spent billions to whom are they sending to those money and Isn't that looting?
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First of all let me differentiate poverty and hunger. Because most of us don't know di different and we using them together.
Poverty does not mean say you don't have for to eat, you don't have anything. But you have food to eat but it is not sufficient fill yourself. In 2020 World Bank said the average Nigerians are living below one dollar a day. And by then 1 dollar was #366 and if someone didn't have that amount then that person can't invest in Bitcoin because he very poor that he or she only thought on survival. And that is why when people are saying that bitcoin is for everyone, yes I agreed but not everyone can invest because cost of living making things difficult for some people to invest in bitcoin. Not everyone has access to Internet and not everyone has money to invest. Yesterday and today Vanguard newspaper again. I have been following the news on social media platforms and blogs , the current serving Presidential aide said, 63% of Nigerians are wallowing in poverty, so this has came to my mind will this 63% who can't afford $1 dollar a day invest in bitcoin if we go with the idealist saying of bitcoin is for everyone therefore everyone can invest it in. Yes everyone can do that but what of the 63%?
And hunger is the time when you don't have anything to eat so those who are hungry too can't invest because they have to eat first.
There is nothing you can do to feel comfortable when you have any of these issues, therefore anyone who is experiencing any of these difficulties should be aware that investing in Bitcoin is not a wise decision.To avoid having to struggle with your Bitcoin investment or any other investment you are making at the moment, you need to have a source of income that you will be earning well, and if possible, have more than one source of income because you also need to have a savings for feeding and emergencies in order to avoid touching your investment, and you don't have to start big with your investment, use dollar cost average that fit to your budget.
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I think investing in bitcoin is a wise thing to do but the person need to get work before him go enjoy di investment but if him no get weti to do whey go give am money before him go go dat thing, then him no go survive in the investment because him must surely touch the money but if him dey do something theng, the investment go last.
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First of all let me differentiate poverty and hunger. Because most of us don't know di different and we using them together.
Anyone can invest in bitcoin. Infact crypto investment is of the easiest investment out there. The problem most people have in investing in bitcoin is not because of finances most of the time, rather they are being restricted by their own psychological barrier . Most of them have the idea that bitcoin is too big , I can't buy it my money will be like dust coins. And that's not true little by little for someone who really wants to own bitcoin, you will definitely have some decent amount in a couple of months.
Bitcoin investment will most importantly help you prevent inflation from affecting you unlike traditional fixed bank deposit where you are constantly losing to inflation with the bank making profits off your deposit.
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The problem most people have in investing in bitcoin is not because of finances most of the time, rather they are being restricted by their own psychological barrier .
I strongly disagree with this point. From the experience I have gotten and seen this year. Many people can't invest in bitcoin because they are not living with ₦1,597 which one dollar a day. A woman came to.my house and crying seriously because her father died and they were to buried him last week Friday and he has no money to go Imo State and the TP is 4k and she has been meeting people to help with the TP only for a month now has not gotten the money and someone recommended me to her. I was like... And I gave her 6k and she was Vey happy. What am I trying to say here is that, you can't tell those kind of people to invest in bitcoin because they have not even eaten well so investing in bitcoin is very far from them. Mia Chloe this is not a theoretical framework but realistic saying. Before one can involve in bitcoin investment, he or she has to get another income which can sustain the daily expenses so investing in bitcoin is vet much fat from psychological thinking.
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First of all let me differentiate poverty and hunger. Because most of us don't know di different and we using them together.
Anyone can invest in bitcoin. Infact crypto investment is of the easiest investment out there. The problem most people have in investing in bitcoin is not because of finances most of the time, rather they are being restricted by their own psychological barrier . Most of them have the idea that bitcoin is too big , I can't buy it my money will be like dust coins. And that's not true little by little for someone who really wants to own bitcoin, you will definitely have some decent amount in a couple of months.
Bitcoin investment will most importantly help you prevent inflation from affecting you unlike traditional fixed bank deposit where you are constantly losing to inflation with the bank making profits off your deposit.
Only the rich or people that are seeing good funds from somewhere be it business or job are the only ones that can invest in bitcoin currently because of the hardship in the country. Our own case is different because we are in the forum and participate in signature campaign which we get paid in bitcoin. It is not so easy in the real world to invest in bitcoin when you have not eaten. Majority of the citizens are facing difficulties and most civil servants salary have depreciated due to inflation.
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Only the rich or people that are seeing good funds from somewhere be it business or job are the only ones that can invest in bitcoin currently because of the hardship in the country. Our own case is different because we are in the forum and participate in signature campaign which we get paid in bitcoin. It is not so easy in the real world to invest in bitcoin when you have not eaten. Majority of the citizens are facing difficulties and most civil servants salary have depreciated due to inflation.
Even though the window is open for everyone to invest it is not everyone can invest in bitcoin. I have said it time numerous. Many people are not even investing in bitcoin, they don't buy bitcoin in any day but only receiving from the signature campaigns so they don't know the implementations of investing Bitcoin with their own money. As I said it before I don't normally say things like this with dem say but by own experience. Bitcoin investment is not foe everyone but for business oriented and income oriented with other sources and not only in bitcoin investment.
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I strongly disagree with this point. From the experience I have gotten and seen this year. Many people can't invest in bitcoin because they are not living with ₦1,597 which one dollar a day. A woman came to.my house and crying seriously because her father died and they were to buried him last week Friday and he has no money to go Imo State and the TP is 4k and she has been meeting people to help with the TP only for a month now has not gotten the money and someone recommended me to her. I was like... And I gave her 6k and she was Vey happy. What am I trying to say here is that, you can't tell those kind of people to invest in bitcoin because they have not even eaten well so investing in bitcoin is very far from them. Mia Chloe this is not a theoretical framework but realistic saying. Before one can involve in bitcoin investment, he or she has to get another income which can sustain the daily expenses so investing in bitcoin is vet much fat from psychological thinking.
Yeah yeah I get the idea of where you are coming from of course Nigeria is a difficult place to live especially for the poor. However you can't expect someone struggling to meet ends needs to be thinking about making bitcoin investments. The idea is you can achieve what you wish to depending on factors like determination, discipline and opportunity. Of course we have a lot of persons struggling out there but the fact is you are either not getting the opportunity they need or they are simply not disciplined enough. Infact it far difficult to come across a Nigerian that takes bitcoin investments very seriously or even prefers it to the traditional fixed deposit at the bank.
Yes don't get me wrong I'm not saying a many Nigerians living off the minimum wage can afford bitcoin investments my point simply is those that have the ability to invest in bitcoin in Nigeria that don't are mostly those limited by their idea of crypto and bitcoin.
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I strongly disagree with this point. From the experience I have gotten and seen this year. Many people can't invest in bitcoin because they are not living with ₦1,597 which one dollar a day. A woman came to.my house and crying seriously because her father died and they were to buried him last week Friday and he has no money to go Imo State and the TP is 4k and she has been meeting people to help with the TP only for a month now has not gotten the money and someone recommended me to her. I was like... And I gave her 6k and she was Vey happy. What am I trying to say here is that, you can't tell those kind of people to invest in bitcoin because they have not even eaten well so investing in bitcoin is very far from them. Mia Chloe this is not a theoretical framework but realistic saying. Before one can involve in bitcoin investment, he or she has to get another income which can sustain the daily expenses so investing in bitcoin is vet much fat from psychological thinking.
Yeah yeah I get the idea of where you are coming from of course Nigeria is a difficult place to live especially for the poor. However you can't expect someone struggling to meet ends needs to be thinking about making bitcoin investments. The idea is you can achieve what you wish to depending on factors like determination, discipline and opportunity. Of course we have a lot of persons struggling out there but the fact is you are either not getting the opportunity they need or they are simply not disciplined enough. Infact it far difficult to come across a Nigerian that takes bitcoin investments very seriously or even prefers it to the traditional fixed deposit at the bank.
Yes don't get me wrong I'm not saying a many Nigerians living off the minimum wage can afford bitcoin investments my point simply is those that have the ability to invest in bitcoin in Nigeria that don't are mostly those limited by their idea of crypto and bitcoin.
For understanding the present situation in the country to invest in bitcoin +1 for you. Many people don't understand these mostly in the other forum. They are making things as if everyone can invest in bitcoin because it is open for all. And another thing again the matter one discipline himself, if him no get another source of income, him must touch the investment money. Because I no go die when I get money. I must survive first before any other thing. In that our board there, wey many people dey clamour say dem dey invest. Na only Vey few of 2% dey really invest. We know am.
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For understanding the present situation in the country to invest in bitcoin +1 for you. Many people don't understand these mostly in the other forum. They are making things as if everyone can invest in bitcoin because it is open for all. And another thing again the matter one discipline himself, if him no get another source of income, him must touch the investment money. Because I no go die when I get money. I must survive first before any other thing. In that our board there, wey many people dey clamour say dem dey invest. Na only Vey few of 2% dey really invest. We know am.
That's damn true many Nigerians here don't hodl to be frank they only just sing with it here and on bitcoin talk for obvious reasons. Investing in Nigeria isn't as easy in Nigeria as it is in other countries. The Nigerian Economy is too damn dependent on the Dollar still coupled with the fact that the Nigerian Naira is constantly falling daily with respect to the dollar. All these things are what contribute to economic conditions and hardship in Nigeria. With all these investing in Nigeria isn't as easy as it sounds.
Take a look at the Nigerian minimum wage for example, with the constant negative effects of inflation on our economy making profits off investments is another hell of a problem because most times profits a cut down because of the value of the Naira currently dropping which even makes fixed deposit out of option for me.
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Person wey nova know watin e wan chop no go even think go wey crypto currency dey. Yes normal we know say BTC and best investment for anybody no matter how small or big. But then we county people Dem wey nova survive the hardship no go wan dey think of where Dem wan invest the small small mo eh wey Dem manage get put. Na y e dey every Important to invest only when you get a good source of income. We no even dey invest want we go afford to loss because as the country be so, me no go afford to loss any kobo. D country too hard to loss money.
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Bitcoin normally na very good project for investment and Satoshi make am for everybody but the tin na be say no be everybody go use the network. Person wey never see food choo no go fit invest because e no go tay before e go go back go withdraw em coin. The best advice to give anybody wey get the zeal to invest for bitcoin na besay make e go find source of income first wey e fit use take dey package and still get spare to sacrifice for investment. Person wey invest for bitcoin early no go fit regret em action, that's certain, as far as say the person get patience to make long term investment.
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Bitcoin normally na very good project for investment and Satoshi make am for everybody but the tin na be say no be everybody go use the network. Person wey never see food choo no go fit invest because e no go tay before e go go back go withdraw em coin. The best advice to give anybody wey get the zeal to invest for bitcoin na besay make e go find source of income first wey e fit use take dey package and still get spare to sacrifice for investment. Person wey invest for bitcoin early no go fit regret em action, that's certain, as far as say the person get patience to make long term investment.
Bitcoin na for everybody but no be everybody go fit buy bitcoin because all fingers no dey equal. Some people never see food chop base on no good job to put food for their table. How these kind people won think of bitcoin, instead them go dey think of food wey them win eat and how to get money to take care of their family. Some rich people wey get money self no dey even reason bitcoin because them feel say them get enough wey go last them till them die due to lack of knowledge.
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If bitcoin is really use as the whitepaper described it to be use as p2p of buying and selling of goods and services digitally, the poor people can also use it as a necessary market asset but because it is only an investment everyone is using it now and that is why many can't avoid it. Bitcoin has a restriction at all time. If bitcoin is used to buy things and pay for services, then those who don't have device to assess the internet are also edged out again. So bitcoin for everyone is not yet clear for me. I am still on the research on that course.
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Only the rich or people that are seeing good funds from somewhere be it business or job are the only ones that can invest in bitcoin currently because of the hardship in the country. Our own case is different because we are in the forum and participate in signature campaign which we get paid in bitcoin. It is not so easy in the real world to invest in bitcoin when you have not eaten. Majority of the citizens are facing difficulties and most civil servants salary have depreciated due to inflation.
Honestly I never thought bitcoin investment is a classist. I think over this somethings and I'm always left with the thought of, must someone be rich before they can invest in Bitcoin or its all depends on how patient, sacrificial and consistent you are regarding the investment. I thought DCA approach was meant to cover those with little funds who still have the interest to invest in Bitcoin.
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Bitcoin investment no be for people wey never chop or wey no get work because if you buy bitcoin, you need to hodli am a very long time before you go see profits. Bitcoin investment na for people wey get source of income and from their income them still get extra to save for bank so that them go fit use am do better thing for future. Instead of keeping the money for bank na to use am buy bitcoin to save your money from depreciation and profit in the long run. Bitcoin no be get rich quick scheme na investment for the future.
In addition to wetin you don talk, bitcoin no be scheme to comot people from hunger and starvation, that one na work of the government. Bitcoin just dey to help you in your financial situation but e no mean say na pathway to wealth be that. Like you say, na person wey don chop belle full na him dey fit enjoy this investment base on say the investment they take time and go require you to dey patient. Bitcoin na investable assets, but na for people wey get some money to spare, for people wey dey patient to wait for the time to take take their profits and enjoy the investment wey they don do earlier for the currency.
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Bitcoin investment no be for people wey never chop or wey no get work because if you buy bitcoin, you need to hodli am a very long time before you go see profits. Bitcoin investment na for people wey get source of income and from their income them still get extra to save for bank so that them go fit use am do better thing for future. Instead of keeping the money for bank na to use am buy bitcoin to save your money from depreciation and profit in the long run. Bitcoin no be get rich quick scheme na investment for the future.
In addition to wetin you don talk, bitcoin no be scheme to comot people from hunger and starvation, that one na work of the government. Bitcoin just dey to help you in your financial situation but e no mean say na pathway to wealth be that. Like you say, na person wey don chop belle full na him dey fit enjoy this investment base on say the investment they take time and go require you to dey patient. Bitcoin na investable assets, but na for people wey get some money to spare, for people wey dey patient to wait for the time to take take their profits and enjoy the investment wey they don do earlier for the currency.
That’s right, bitcoin is not a genie to solve social and economic issues that should be handled by governments for instance solve hunger or economic inequality. In the same way that shares allows more endowed investors to make money from their positions of investments through stock exchange fluctuations, bitcoin affords any one an opportunity to invest their more to make a fortune in the long run with a wait and see attitude. Due to its high risk, bitcoin should only be purchased for individuals who are willing to hold it for a long term and not as a get quick riches method. Realizing that bitcoin requires time and endurance is something that will come to anyone’s mind who wishes to invest into it, knowing that profits can be made, but not at the flip of a button.
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Bitcoin investment no be for people wey never chop or wey no get work because if you buy bitcoin, you need to hodli am a very long time before you go see profits. Bitcoin investment na for people wey get source of income and from their income them still get extra to save for bank so that them go fit use am do better thing for future. Instead of keeping the money for bank na to use am buy bitcoin to save your money from depreciation and profit in the long run. Bitcoin no be get rich quick scheme na investment for the future.
In addition to wetin you don talk, bitcoin no be scheme to comot people from hunger and starvation, that one na work of the government. Bitcoin just dey to help you in your financial situation but e no mean say na pathway to wealth be that. Like you say, na person wey don chop belle full na him dey fit enjoy this investment base on say the investment they take time and go require you to dey patient. Bitcoin na investable assets, but na for people wey get some money to spare, for people wey dey patient to wait for the time to take take their profits and enjoy the investment wey they don do earlier for the currency.
Yes, Bitcoin does offer one form of a financial opportunities to those of us who wanted to invest in something digital, but no, it is not the utopian panacea to fix all the existing economic issues, or to directly meet people’s basic needs. Like any other digital asset, Bitcoin provides an opportunity to invest part of our money which, as is traditionally assumed, is the money, intended for those who are ready to wait and take risks in the stock market. Because the Bitcoin shows considerable fluctuation, the investment in Bitcoin is more justified when, with a long-term perspective planned in advance, we can experience the result of the investment in the form of its value rising over time. This also implies that the Bitcoin can not be equated to be a ticket to economic prosperity, but a tool for those that wish to engage in long term speculation with monies they don’t need to feed or clothe themselves with to be made whole. In this regard, the BTC serves as something to invest in very carefully and thinking through, not as something that will help one overcome every financial challenge of the day.