Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

As the world is developing and evolving, digitalisation is spreading and making things that we never thought would be possible to do without being physically present. Digitalisation has given birth to different forms of development both in currency as we see in crypto currency and has spread to even gambling.

It is true that the pandemic drove the popularity, but gambling online was something that was bound to happen sooner than later.

Whatever may have caused it, i first thank God and the response of the
 medical team for doing their best to stabilise and ensure that the situation didn't take an ugly twist. In the past, we have had similar incidence of players collapsing on the field, and not being able to resuscitated. That would have been a big tragedy.

I wish Christian Eriksen a quick recovery.

Since El Salvador has accepted bitcoin as a legal tender, we all know that there are some problems/challenges that will come with this new development.

First off, how do you think the government of El Salvador can help control and keep in check the usage of bitcoin in a manner that drug and weapons smugglers, as well as other criminals in their country don't be at an advantage, especially since it is virtually Impossible to get the exact real identity behind a wallet address since it can be opened with informations that are not particularly identifying unlike the banks, or to even freeze the bitcoin wallet of an individual or company for money laundering?

Based on the socio economic situation in my country, to own a house is what most people want and are working towards. Owning a house here, offsets the burden of annual or biannual rentage for a property which is sometimes very ridiculously high depending on the kind of life and neighbors that you want.  Rentage here is based on security, accessibility, proximity to landmarks and some other sometimes very ridiculous reasons.

Although the idea of being free to just move anytime one wishes in a rented apartment seems appealing, it is also possible to own multiple properties at different locations of your choosing to keep it interesting as well.

Becoming someone who had a million bucks was a really big deal back then. Before one could get and own such an amount, he or she must have put in a lot of work, sometimes office hours to be able to realise such, but times have changed. Someone can easily make a million bucks from even the comfort of his home because of digital currency and trading it. This idea and concept has not sat well with many old tine millionaires who maybe hold the believe that Bitcoin and  other crypto currencies have made the millionaire status too easy to attain for the younger generation.

Because something is cheap is not always an indication to buy, cheap things are jot always good/profitable. It is always important you do your research, find out the reason why a certain asset has gone down in price before you make the decision to buy or not. If you buy blindly or impulsively, you might loose your money.

Technically, another way to rephrase this question is "Can everyone be rich?", or "Can poor people be completely eliminated from the society?".
In my opinion, i don't see it as ever being possible, because first the Rich and the Poor are two sides of a coin both bringing balance to what we call society.

Secondly, the state of being rich means having plenty that is in comparison with another person's own and as far as it goes, a set of persons in society will always have more than another set if persons.

So it will be very difficult even near impossible for the world to be without poverty.

There is a common proverb that gives a very appropriate answer to this question, and i quote " What comes easy won't last long, and what will last long won't come easy". So far with all the difficulties and obstacles that bitcoin has faced and is facing, it is fair to say that it is a sign/pointer that is something that will last, most probably till infinity.

Heavy criticism always go the way of the man that everyone knows gambles with his money on sports betting, poker and the likes. But I am of the school of thought that  we are all gamblers  because we all gamble with something in this life.

CASE STUDY
Mr Smith and Mr Scott while smoking some cigarettes, talk about a certain Mr Z who they say cannot control his addiction to gamble with his money, forgetting that they are gamblers too, gambling  with their life. (lungs)

The Alcoholic saying thank God I don't smoke, I don't gamble, I don't womanise,  I only drink my alcohol should not think he is any better because he is also gambling with his life (kidneys).

The man and woman who know they don't love each other, but still are having unprotected sex are gamblers too, gambling with their future.

Even the man that says he has no vices (i.e doesn't smoke, drink, womanize or gamble with money) but only has time for his video games, movies and sports games is a gambler as well, gambling with his time.

It will be difficult to say yes completely that btc can become the world central currency, just as it is difficult to say a complete "no" as well, for reasons being that there are no certainties and the things which are probable are not many.

It is possible to say btc can become amongst the world's central currency over time, but it will not come easy because most governments in some countries do not easily subscribe for what they cannot completely control or influence. So if btc is to be used and adopted by major world countries, it might result in some change of some things that make cryptocurrency unique from the traditional centralised fiat.

Many have lost faith in the banks and our original Fiat because of the government interference and its low interest yielding rate. As a result of this development, any other alternative method that will yield good profit over a reasonable while is a more and most suitable option for store and really sort after. An alternative to original fiat that has good prospects with high volatility and less interference from the government is crypto, hence the bulk of people migrating to join in.

They are both profitable, but what is important is finding out which one is more profitable to you because there is no assurance that you will make as much money or even make any money at all like a certain Mr Z who is a friend to you and is making money from forex and even goes as far as to show you his earnings. Just as there is no assurance in making profit from crypto trading as well. What is important is finding out which of them will work well for you and sticking to it first.

There is really no need trying to jump around at the initial stage of your decision making and learning, when the motive you have for them both is to make profit.

It is a very nice and bold move from the El Salvadorian president to make the country more crypto friendly by accepting BTC as a legal tender and granting permanent residence for crypto entrepreneurs. Although this decision might make the countries that neighbor El Salvador to follow suit, i highly doubt that it will have the larger effect, that is - Many other countries following in the footsteps of El Salvador.

If countries like the United States, Germany, China and the likes were the ones to have announced acceptance and adoption of btc, by now we would have seen the effect massively on the price and many crypto entrepreneurs migrating to seek residence there. However this is not the case for El Salvador.

For the record, even with the very friendly crypto policies, it is not a country that i will want to seek permanent residence in. It is a country that has many of its citizens seeking a life elsewhere because of poverty and crime rate.

I see reason with you. Since El Salvador stopped use of its own currency
some years ago and adopted the United States dollars, it has been at the mercy of the united states. Adopting bitcoin is just another economic strategy to help soften or dampen the effect of an economic sanction from the US if the need arises.

Also Because El Salvador is a country with a high rate of crime, drug and weapons smugglers and street gangs just like most countries in central America, there are concerns particularly that this acceptance will only further aid crime lords and smugglers to move money around more better.

Although i agree with the topic that in some years time, more countries will accept btc as a legal tender, I have a little contention with the sentence quoted above.

I am certain that this is not a financial advice. There is no complete assurance that buying btc will ensure a better life as there are no assurances in life as a number of things can happen that can make you loose a part of your investment or all your investment.

I find it more appropriate to say Btc buying and HODLing should be considered as an investment option amongst many other options like real estate and so on in plans to give self a life better than the one you are already living.

Thank you sir for the opportunity.

#PROOF OF REGISTRATION
Forum Username: Rruchi man
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2863343
Telegram Username: @Nkamauchenna
Post Count: 410
Forum Rank : Full Member
Add signature and avatar : Yes
USDT TRC20 ADDRESS: TUTwmxC6PZpNUyni3YdgJ9Trsf4DkWKVrf

I am reapplying again sir.

#PROOF OF REGISTRATION
Forum Username: Rruchi man
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2863343
Telegram Username: @Nkamauchenna
Post Count: 410
Forum Rank : Full Member
Add signature and avatar : Yes
BTC Address: 1HSYcwG8eRpQBQXHJ7hSACxy8eD2khPyL2

It gets real dark before the light comes, and i suppose that the series of events including this ban is all what has to be before it becomes better for Nigerians. Twitter has really been a platform for citizens to freely criticize the government when it does bad or about to pass an unfavorable policy, and the Nigerian people have not spared the government on this platform because of their very very bad performance over the years, a situation that is looking like it is getting worse instead of better.

This ban is an excuse and a show that the Nigerian government have been carrying a grudge against its people for a long time now particularly the youths who have not spared them. Twitter deleting a tweet by the president is simply not excuse enough.