I know say my level  as a newbie never reach to contribute to this topic, because I never dey trade. But as I just dey read through una comments on this topic, the thing come make me dey fear small, unto say the risk wey dey involved for trading in bitcoin dey real, because if you no calculate well, you fit to loose plenty money. E de rush me for body to start to dey trade immediately, but e be like say I need to take am easy and learn more, as I de do now from senior members like una.

Anyway if I fit to contribute small, I for say if dem dey charge high fee for one wallet and e get alternative for another wallet, wey go give a better deal at that time, na to change to that one sharply. Because una make me to understand here say e dey possible to move from one wallet to another.

I am a trader who has a shop in one of the major markets in my country. I have always held on to the believe that business is between two physical parties, one wants to buy and the other wants to sell. The buyer sees what he wants, gives money to the seller and the seller delivers the goods to the buyer. The two parties leave happily. Until recently, and before knowing this place I always thought that anything trading or business online is a fraud. I always see them as ponzi and that one day they will make enough money from the people and shutdown, defrauding many people of their hard earned money.

I remember a colleague of mine when I used to work before I ventured into business, he used to do forex trading then, he will always encourage me to learn the trade, but I always told him no. Some few years back, I started to look for a new business and some friends began to tell me about bitcoin. I was very skeptical then saying that even if bitcoin is genuine that it's probably one of those online businesses that you will invest all of your money and in an instant you will lose everything.

I continued to have that fear until a few months ago when someone sent me the link to this Bitcointalk place, that I decided to try it out. I concluded that it is time for me to put my fear of online investments on hold to see if I can have a better understanding of it and bitcoin. In this few weeks that I have joined this forum it has been a very big eye opener for me. As someone new in this I know I have much to learn, before I start investing, so I don't make mistakes. Although so many things sound strange and confusing to me. And I hope to quicken my process of learning soon enough to start investing and trading like others here. Overcoming that fear of online investments, especially bitcoin is what I'm tackling right now and it is a wonderful experience for me so far. I am learning new things every time I come here and it is a new type of experience for me.

Here are some of the things that moved my decision to finally consider studying bitcoin now.

Number 1 : The first is I don't have to continue in the shadow of my fear and continue to run away from it. Fear is in the mind and no where else. I have to confront my mind to tackle this. As I'm doing this I also encourage anyone having fear of anything to confront it.

2: The second is that I get confused when people around me talked about Bitcoin. I envy them because I see them as intelligent and want to be like them. I also want to be seen as someone who is intelligent and can contribute my views to discussions.

3: Thirdly I want to learn how to trade Bitcoin and also get into other online investments.

My observation so far in the few weeks that I have spent in bitcointalk, I have noticed that there is willingness by senior members to give directions and corrections to newbies who seek it. I hope to be teaching newbies too one day. Any more advice by members on how to increase my confidence level and learning will be humbly received by me.

I think that the concept of hunger and unending wants apply mainly in underdeveloped and developing countries. I doubt that the developed countries have this problem, because they have improved mechanized agricultural system, advanced technology to make life more meaningful for their citizens. Their GDP is higher than the underdeveloped countries, thereby making people that are living in the developed countries to be living a more comfortable lifestyle, because their economy is well planned. Unlike the underdeveloped countries were bad governance has made basic needs to became luxury. Ordinary citizens finds it difficult to afford basic needs.

I agree with your analyses that it is important to prioritize basic needs first before investments. This is true because investment is a secondary need. Despite the importance of investment, we need to at least meet our basic needs before talking about investing. Of course we can cut down the money we spend on food, live in affordable homes and avoid very expensive designer clothes and extravagant life styles, so we can have enough left to invest. We need to eat so we can be alive and in good health to enjoy investment benefits.

I agree with you that it is not investing what you can loose, but making extensive research before investigate. If you carry out your feasibility study well and truly find out that a business is profitable, then why invest spare money. I'm not saying that you should put all your money in it, but if you believe in the investment, then you can put in something substantial to invest in the business. Business is all about risk taking.

Who no get money for this life, especially for Africa, and particularly for Nigeria, I believe say bad thing do am. Because to get quality healthcare, dey very expensive anywhere in the world. So i believe say na em make  governments all over the world dey build them own hospitals. I de reason say for developed countries, people fit to go for government hospital and get better healthcare treatment. But for naija, no be so, dem go tell you the medicine wey go buy, so if you no fit to afford to buy am, dem go abandon the patent. If em die, e no concern dem. And the attendants for our government hospitals dey de very rude. Coming to private hospitals, dem no send you, na business dem open, just like other businesses anywhere. Before dem go admit any sick person you must make deposit first, even if the person dey die, e no concern dem. As the treatment dey progress, dem go dey demand for more money, so the moment money stop to enter, treatment go also stop.

I believe say our doctors and our hospitals in general, dem no dey too try, because to save life na I'm suppose be their main priority. I know say e dey important to pay for their services, because dem get family to feed too. But the profession wey dem choose demand say make dem go put human life first before money.

Traditionally, banks make money from interest in money that they lend to people and organisations, and charges on services rendered. But the way that banks are building modern structures as  branches everywhere, buying brand new cars for their marketers, paying attractive salaries to their staff and declaring large profits every year, makes you to wonder whether it is mainly from interests on money borrowed and the small charges on transactions that they make all this money from. Although I hear often about unconfirmed reports that they help corrupt politicians to keep and launder I'll gotten wealths. 

Having said all this, I still think that banks remain the safest place where you can keep your money. Because they never tell you that there is no money whenever you come to collect.

I agree that it's people's right to decide whether to continue to work after retirement. It becomes their decision to make since they are no longer employed to anyone. If you are an employee, you must know that your employer is the one that will make decisions about your work, including when he feels that you are due for retirement. You don't have much choice when the employee wants to review salary or retirement age. So going further, I also agree that it is good that an employee that wants to continue work after retirement should have plan for a business that has no age limit, as you rightly mentioned.

Wetin you talk na true, the harassment no be here. For Nigeria, the law dey only apply for the poor masses, because if police arrest big men or their family members, them go just call one commissioner of police and the case don close, unless na big man versus big man. Them say bail na free, but make them arrest you, carry you go police station, person wey come bail you must pay money, unless you call one force person
 

One day for FESTAC i see police people  just come down from them motor, begin dey drag one young guy inside them motor
 The boy start  to resist, na so them begin to beat the am, eventually them push am enter the sienna, and drive away. If the young man no be suspect and dem treat am like criminal, e dey very bad.
 The thing move me to intervene for the matter before them drive off, but who I be, dem go end up arresting me join the guy, îîand if I no get person wey go bring money to bail me, my name go be sorry. Na fear make me no record them, because them dey see me, assuming say I record, them go intimidate me, collect my phone to hide evidence and arrest me
 I don see am happen well well. We need serious police reform for this Nigeria.





 

I agree with you that what gives  people happiness is relative, because our likings are different. Spending to see other people's happy is good, but another person's happiness may come from clubbing and care free life style. I think that a set of rules can not define true happiness for everyone. Different believes determines true happiness for people, and also what gives them true happiness in spending their money.

True talk my Oga, we no fit to see the future. But my prediction be say em go try to prove critics wrong by performing well. Me I no be Tinubu fan, but the truth be say em don get experience well well for Nigerian politics. So if em really want to perform and turn Nigerian economy for the better, em get the experience. Although wetin we suppose to concentrate now na whether them go swear am in, because the matter still dey for court. Last last, you no go fit trust politicians finish, until you see them performance.

I agree with you that everybody has to be responsible for themselves, the decisions that they make goes a long way to determine the outcome of their future. Ignorance is not an excuse, if you make a mistake, you will have to pay for the price of the mistake. This is why we need to be very wise, seek for opportunities to better our lives. Example is the social media, some people engage in it just to pass time, while others are using it to make money and better their lives. We should not let past experiences or other people's shortcomings to stop us from aspiring for a better life. Giving excuses or blaming others or the government will not better our lives, because people in similar predicaments have made it in life. J

I know the feeling, it's heart breaking, because money is not easy get. I lost a lot of money some years back. I wasn't scamed, it was just a wrong business decision. I was looking for a new shop to expand my business, and I saw one that has the kind of space that I needed and it was cheap. Without thinking I rushed and made payment, without considering the location, that it was not suitable for my kind of business. I spent money again putting the place in order, borrowed money from microfinance to stock the shop. After one year of very poor sales, I had to close down the business.

It affected my business capital negatively, because I wasted money on rent and decoration , was repaying bank loan, utility bills and staff. In the end I became worse off than when I started the business. So I personally knows how it feels to lose money, it's very painful.

The thing be say Nigerians don loose hope for our leaders, in fact we no trust them again. Who fit blame us? Them no dey trustworthy, you go see corrupt politicians go steal money, evidence go dey say true true them commit the crime, them go carry them go court, at the end of the day nothing go happen, the case go just die like that. Na im de make we ordinary Nigerians de reason say politicians de bribe judges.

So for this election tribunal matter wey de for ground now, based on say we no trust the judiciary, especially for matters wey concern big politicians, we de reason say them go dey biased, to favor who bribe pass. But make we no judge them finish, make we just allow them to do dem work, hoping say them go get conscience and integrity to carry out them duty. 

It is good to stock close substitute of every product in your shop, meaning different brands of the same product. So customers can make choice  depending on price or preferred brand. I know from experience in business that customers love making choices. They will prefer to go to a shop where they will see varieties of the type of goods that they want to buy. The customer is happy and the seller is selling and making profit. A win win for everyone.

Bros, your talk give me joy and hope, because the terminologies no be here. So I de understand say no be because my brain no too sharp or e block make me i never fully understand everything about bitcoin for this short period. So the learning na gradual process, even una wey be our Oga, de still learn one or two things

So the thing wey de sweet my belle so far be say i don understand say the business of bitcoin de profitable, and people for this forum dey friendly and also de ready to share and discuss wetin go benefit us to grow for bitcoin business. Also this forum give room to discuss other interesting topics wey no too relate to crytocurrency.

Thank you for sharing this information here. I have taken note of it. From time I have always been cautious about ponzi or any other get rich quick syndrome. Because I always reason that if it is real, that you will invest a very small amount of money, and almost immediately you will start to earn very huge amount of money, that it will not be advertised on social media, they won't even tell their friends about it.

Last year a very good friend told me about one, said that he has earned very big profit  from it, that I should just give him my details, I did and he invested for me. He sent a link to me and in it I'm supposed to buy and be feeding animals in a ranch. He invested for a few other people. Unfortunately he lost all the huge amount that he reinvested for himself and us. And I believe that many other people who got paid and reinvested heavily lost everything, because the the ponzi never paid again.he

They say that money is the root of all evil, yet even good people struggle and make efforts to get it. It is so because money answers all things. It is only a fool that says that money is not important. Without money life is meaningless because even the three basic human needs food, shelter and clotting requires money to get and maintain them.

Money rules the world because you can exchange it for anything that you need. Be it healthcare , food, luxury, influence, power. Without money there is No way that you can enjoy life. However you can not underscore integrity, money can not buy it.

A good business plan is key to succeed in business. Because if you fail to plan, then you plan to fail. As you have noted, a business person needs to build an effective business strategy that has to work, in order to maximize profit. A plan which must include extensive marketing of the goods or services. I say this because popular brands like coca cola, still advertise there products despite people knowing and consuming the products for decades. I used to Wonder why, until I was tutored that out of sight is out of mind.