Bitcoin Na For All: But can the 63% Wallowing in Poverty invest in bitcoin?

[Mia Chloe]

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.

[Agbe]

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.

[Sim_card]

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.

[Agbe]

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.

[Mia Chloe]

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.

[Agbe]

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.

[Mia Chloe]

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.

[Hatchy]

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.

[Makus]

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.

[Sim_card]

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.

[Agbe]

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.

[iBaba]

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.

[Asiska02]

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.

[Darker45]

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.

[21Pilots]

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.