Bitcoin Forum

What are Asset
Asset are properties that appreciate over time, surprising many don't know this but goes ahead in acquiring cars, expensive jewelries and home appliances all these depreciate over time but assets include Land, house, good business opportunities that appreciate over time like investment in Bitcoin one assert that most people are still struggling to come to terms with.

We are in a digital era so Bitcoin is that digital Assets that we should invest in as it growth 📈 potential is way too good to ignore just like the other physical asserts like land or house Bitcoin assets is one of the fastest growing assets that Alot of person's are investing in all over the world and we in Nigeria that is faced with a bad economic experience one good way that we can escaping this bad economy is through a strategic investment in asserts that shows a steady growth rate and Bitcoin assets is that assets that we should prioritize and invest in if we are to become financially Bitcoin has become a global asset and that is the fact and anyone who is still doubting is not facing reality on ground

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I know say e get points wey you dey try make but how far, shay you dun see say the house appliances and the cars done increase in price so. Car wey be 1M before is now being sold for close to 10 million so low key this things na assets for Nigeria oh but on a global scales, they aren't assets but don't let buying assets deceive you from buying appliances that'll help you live a comfortable life as a man. Get a car if you have the money and need for a car, don't buy when there's no need. As our hustle so na mostly online, need no too dey for car but if the money dey, buy am because that car price no dey come down anytime soon. Things just dey increase they go for the country. Invest in assets and also invest in owning properties as it'll save you from paying double in the future when you want to buy them.

Since our country is not very prosperous economically and most of the people of the country are below the poverty line. This poverty pushes people towards consumption rather than increasing wealth. It is easy for a person to accumulate wealth only when you can save money even after fulfilling your complete needs. But most of the people in our country cannot fulfill their complete needs. In such a situation, people are more attracted to consumption than accumulating wealth.

If we can save or invest wealth (Bitcoin) for a certain period of time by making sacrifices, then maybe we can enrich ourselves day by day and improve our position. Our main problem is worrying about reality and focusing on consumption, when we can plan for the future and make sacrifices, something good is waiting for us. We should focus on increasing our money rather than reducing it. I think, instead of buying something without any need for us, buying Bitcoin with that money would be the best step.

I understand where you dey go and also where OP take him explanation dey go also both of una no wrong but wetin sup be say, if we dey talk about investments, car no be investment, owning property when funds they na different something when u dey plan to invest. This life na very short something, the sould and life inside us be as slim as tailor thread, one slight mistake e don go the best thing for us all to live according to wetin we fit afford even if e take investment to be the last thing.

Bitcoin na correct investment but make e be say we do am at the right moment, instead of to spend ridiculously make e enter as investment but when it comes to wetin man need to dey alright e good make man spend on am, Bitcoin fit wait till man leg strong for ground. Overall, if anybody they find investment, Bitcoin na very good investment to refer.

Since I knew Bitcoin, I haven't heard of anybody that have gone wrong for buying Bitcoin. Every single buyer from the years before that bought all the way from covid discount period till now, all are in profits and rate is also higher.

My only regret was that I didn't focus on Bitcoin and chased altcoins. Never again.

One shouldn't allow investment to delay other things one suppose to get to make his/her life comfortable. Although it's good to invest but ones comfortability in life is as important as well. Imagine trying to invest when you have some health challenges and important daily needs you should take care off. One should learn to manage his income between investment and daily needs. Do you know some liabilities can help to improve your investment or may make your investment go easily. Imagine an influencer without a laptop and has no good phone to work with. If you keep thinking of investment everytime, you may end up not having anything. Make proper calculations and get what you need at the right time before it price get triple as Nigeria economy never dey stable.

Yea, you are right and there are factors that can make one not to invest and just like the one you mentioned, health is very important to the point it can not be compared with an asset including Bitcoin because it is only someone that is alive can work and reason investment.  Bitcoin investment is not for everyone that is why everyone or everybody can not invest in it and another thing about Bitcoin investment is the willingness and determination because is not a get rich quick scheme rather it is somehow like a lifetime something, investing in Bitcoin is not actually hard but what is hard is maintaining your investment and handling challenges that will come up.

I definitely agree with you OP because since we are in a digital era we should also invest towards the opportunities that this digital era brings to us and Bitcoin which is now a very good  asset due to the fact that it also appreciate over time like other physical asserts that you mention it's worth investing into because Bitcoin is that crypto assert that Nigerian who are interested in investment should go into.


With the hardship that Nigerian are going through investing in assets can be a good source of curshening because investing in assets helps to create wealth and prosperity as one thing that people should not do with their money is using it buying things that will not add value to you over time

The Bitcoin investments is the best in all over the world, even in terms of talking about the assets. Because it makes turn a lot of people’s to becomes what they didn’t expect in their life, and that’s why for a person to have difference assets is very good ideals not only the Bitcoin assets like the one’s you stated earlier those kind of properties if a person have them and able to keep them for a long periods of time it will make them happy in future.

That’s why we can see most of the people do not fans investments at time due to how bad economics affects us, because we all know the situation that this country is in now, unlike before that we can invest and in a fews day time we can able to cash out huge amounts of money.

Your point dey legit and carried but in as much as our country in concerned, it may take the country time to adapt to the crypto space.
You know they were thinking crypto was a scam or ponzi earlier, they even had issues with Binance which led to so many things, now I heard The Director General, Nigerian Securities and Exchange Commission, Emomotimi Agama said that you can now buy crypto and trade freely in Nigeria so maybe with time it could be considered.
But as individuals Bitcoin and crypto in general is a good asset to invest in with complete risk management knowledge and patience do hodl for a long term while it appreciates in price.

Some jewelries are assets especially the ones that is highly quality not fake ones, if you buy some golden jewelries from the store, and use it for some time. Maybe let's say you go broke at some point in time, you could actually remove some parts of the jewelry and sell to the store you bought it from for quick profits, that's absolutely something that's an asset, like it gives an edge over economic situation in time.

So it's always good to buy quality stuffs rather than mere low jewelry that can't save you at a point you can't save yourself.

Nigerian youths needs to invest in Bitcoin especially for the fact that there's a very high level of unemployed and Joblessness in the country with youths struggling so much to survive in this country. But the major challenge that is hindering Nigerian youths from Bitcoin investment majorly is knowledge gap. I can say a great number of Nigerian youths are not aware of how good Bitcoin investment is. Many know there's what is called Bitcoin but those not know if you can invest and how to go about it then it will help greatly in creating more knowledge on Bitcoin investment. This would enlighten people more and create interest more in the heart's of the Nigerian youths to invest on Bitcoin.

In this world wey we Dey now there is nothing more important than to invest your money in something that will benefit from and make you happy in the future, with the way Nigeria Dey go now the best thing we need to do to have a good future is to invest for ourselves to live a better life in the future because if we think the country will be better then we will remain poor, although some people are not capable of investing but with those who are capable to invest it will help in many ways.

Some of us have spent money on things we didn’t need at this time and instead of thinking about investing we keep spending on expensive stuff just to look like other but that will never change our future, our future is in our hands we are the ones who will make it happen, close your eyes and limit your expensive life and at the end we will never regret investing in Bitcoin.

I learnt this truth that you can't go wrong with bitcoin very late, so story and yours are similar. I wasted a lot of money on shitcoins thinking I want to catch a new gem that will pump like bitcoin and ethereum. Instead of catching a good gem, I end up losing money. Since then my policy have been to keep about 90% of my money in bitcoin and hold. I don't want to diversify anymore because it did not work well when I tried it.

I feel your pain because I've been there and I have experienced it. I know how far I would've gone if I simply held unto all bitcoins I have ever had. But no, I sold them for shitcoins from ICOs to IEOs to IDOs to launchpads. Its been a wild journey but one thing that stayed through over the course of this journey is how much of a solid asset Bitcoin is and how mature Bitcoin is getting.

Yes o as we dey talk everyday about investing in bitcoin make we still dey take time to care for our body and enjoy life while we dey young. This matter wey you talk about cost of appliance nor be play play matter, nowadays appliances don turn assets. Tv way you buy 200k three years ago, if you won sell am for fairly used you go fit put the price for 450k and people go rush am because price of new one now na die.

For now Bitcoin is the only money that produces money in the aspect of wealth creation,More also it help solving your financial issues, at this present economy, Bitcoin is a successful investment one has ever had ,and so anyone or country that is not into Bitcoin is lacking and will find it difficult to come out of its financial issues.

Cars are actually an assets if you decide to make it, we have private use car and business use cars, this simply means that there are people who invest on it to sell it back with a higher price, so since there is a profit it becomes an assets, actually people are making a lot of money on that business especially this time that the inflation has made the cost very high because those cars that was bought long time ago with lower amount can still be sold today with twice the amount that was initially bought after serving for several years. However those are physical business but right now Bitcoin is the real deal.

You could also mean that cars bought for Indrive usage is also an asset to describe such situation your car can be rented and be rewarded to the owner monthly maybe depending on the negotiation made.

Absolutely, unlike before where cars were seen as a liability, companies are leveraging on that to make it count into bringing in more income, its usual now and everywhere.

Cars are not an asset no matter how you want to spin it. In the scenario you gave, it may seem that cars are an asset but in reality they are a depreciating asset. The moment you drive a car out of the car dealership it automatically loses the cost value. Companies like Uber and Indrive can make money from their cars because they have the finances to push the business but you as a person cannot fund that. It’s going to cost you a lot in maintenance and insurance making the car a liability instead of an asset.

What are you saying, the stories are everywhere of how people upgrade their lifestyle and build houses, having a stable income all because they invested into owning a car. Car can be an asset and also a liability depending on the user. Same goes for a house, you can make a house an asset when built for rental purposes and cars too when used for businesses that makes your transportion less costly for you. Your personal car can also be an asset as it aid in transportation for you for business. Everything can be an asset or liability depending on how you use it. To get the point clearer, an Asset is anything that brings or aid to bring money to your pocket while a liability is anything that takes more out so if something they bring money pass as e dey commot, na asset be that oh.

If you still dey struggle to see food chop, omo I nor go advice you to put your money for Bitcoin o. But I go advice you say if you do work for person and dem wan pay you, you fit tell them make them pay you in Bitcoin. But if na to carry naira from your salary buy Bitcoin wey you never see food chop nor do am. Just find other ways wey be say you fit collect money for Bitcoin, at least that one you go relax despite the hard economy.

I agree that car can be an asset and thesame time it can also be a liability if the purpose of getting the car is for luxury then that could be seen as a liability because luxury means that you will be fueling and maintaining the car from time to time without the car bring in any income to you in return


Asserts is what brings money into you so if the purpose of buying the car is for business then that car can serve as an asset because the car will be bringing income to you at the end of the day so it depends on the motives of the person buying the car

This guy never get am clear on this matter be that, those cars wey indrive and Uber dey use no be those companies get the car, na person personal car wey him give the companies make them use am for business while the company give am return monthly. You carry your new car give company make them protect am for you while the same time use it and do business for you too.

By doing this, we talk say cars na assets because it bring money come into your pocket, you no buy the car for cruise or to drive girls up and down, na for business, so you understand now?

Nothing bad there to buy home appliances if you can afford them because they were made to help us make life comfortable. Where I have problem with is about how those with their first #1m would rush to go buy some expensive stuffs just to act big man instead of doing research on where to invest that #1m for potential returns after a year or more, which would then afford them on getting those luxuries at easy where they already have a lm investment in place that's surely giving them perennial or annual returns.

In as much as life is concerned people must buy home appliance regardless of Bitcoin investment. Bitcoin is important to invest for the long term but it doesn't stop us from acquiring the necessarily things that gives us happiness. It is advisable to buy things that will make you happy and invest the remaining into Bitcoin. That we need to invest in Bitcoin does not mean that we would not own car, buy expensive clothes, jewelries, buy expensive mobile phone or home appliance. Those are things that we need to make life easier. After acquiring this things the rest money should be invested into Bitcoin in a gradual process not once.

Oga boss, I love this your statement and I dey see am as better advise instead of normal comment or opinion, the place wey capture my heart na where you say our work na mostly online and much need no go too dey for car cause the work no go require us to most about, but if money dey and any person get personal need for car make them buy  am, na serious advice be that.

 Now some people still dey try patch their life, them no even get any investment on ground but them go rush go buy car just to impress their woman or wife cause their friend done buy, make them buy too, that car go turn liability on the long run cause them no dey use am generate income and cost of maintenance go dey chop the small money wey the person dey try us survive, to get car dey important if need dey, but when no need dey for car eh go come turn liability.

The point about car becoming an asset or not is becoming an essential topic especially in Nigeria where the transportation system is nothing to talk about. Like if you have not had need of a car in the house or family you won't understand this matter very well. If you need to take somebody on emergency to the hospital, you will still not consider car to be an asset like pregnant woman or someone seriously sick and helpless. In naija, people die because there is no immediate car to rush them to hospital where they can be sharply resuscitated. So from being essential in home support system, it is now an asset in Nigerian system because of how expensive it has become to the cost it will help you to reduce and comfort you get from it.

Now people make money from owing a car by investing in car business and higher which generates income for them. If you buy a car and you want to generate money from it as an asset then register it with transport company that will use it as higher purchase with guarantee and with that you are sure of a certain turn over instead of giving it out to a brother`s brother or friend's cousin that will begin to give you stories at the end because of familiarity.

More grease to your elbow.
My concern is that while you have rightly mentioned how Bitcoin has become a global asset, it is also important to highlight the risks involved in purchasing or investing in Bitcoin.
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Alot of people have failed to realize how important it is to invest in Bitcoin in this digital era. Many of our young youths,once there are opportune to be a position where money keeps entering directly into their private accounts,what comes into their mind will be,how to spend that money recklessly on cars, iPhones, clubhouses and women which in return will add no value to their lives,I am not despicting the fact that people shouldn't have fun or spend money to acquire anything of their choice but the Truth is,when you don't invest money on assets that will be generating profits for you,you will certainly run dry and eventually start selling some of your acquired properties.

I believe when it comes to investment assets, Bitcoin is the best so far,this is because Bitcoin has proven to be the most performing asset in the last 10years . I am certain if our youths start investing Bitcoin and hold,I am sure there wouldn't be depending on our government for financial supports.