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

[Agbe]

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%?

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.

[Sim_card]

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.

[Rruchi man]

~

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.

[SmartGold01]

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.

[Roseline492]

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.

[Fivestar4everMVP]

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.

[Agbe]

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.

[Fivestar4everMVP]

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.

[Agbe]

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.

[SmartGold01]

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.

[SamReomo]

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.

[Agbe]

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.

Edited
SamReomo you are welcome. +1 for you for the nice comment. That is the reality of the issue.

[SmartGold01]

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?

[Yamzakid]

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.

[Agbe]

Snip

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.