For sure they say Bitcoin is for everyone but I don't believe it, just as you highlighted here that average Nigerians can't afford 1 dollar when it was just #366 and now 1 dollar is approaching #1600 so how are they going to cope with it what I even see here is decrease of members who previously partake in Bitcoin because things are getting cost but salaries are not being added so alot of people are going to pause.
63% of poor people wallowing in poverty is a very bad record for a country like Nigeria, Giant of Africa precisely even mining and other crypto currencies will see alot of inconsistency because everyone who find it hard to earn a dollar won't risk their belle for sub for internet sake.

Another angle to see that sentence (Bitcoin is for everyone) I think it's trying to let know that everyone wether rich or poor can follow up.

Na for u to check how ur pocket take Ballance because at any cost money matter dey involved.

We've had series of threads relating to the security of your crypto asset and it is the primary thing every investor should do first before talking about increasing the quantity of his Bitcoin stack or looking out to diversify his crypto holding.

As long as the matter of your asset security is concerned, thier are people and systems you shouldn't trust and they include;
1. Trusting any other person with your seed phrase
2. Trusting people too much to let them know how much of a coin you're holding.
3. Trusting the security of the asset you left in an exchange when you're a long term holding.
4. And using same account you use for aidrop for storing of your asset.
If you do any of this things, it shouldn't surprise you when you wake up the next day seeing your funds all gone or walk on the street and then you're attacked and your funds all taken from you.

As long as the matter of safety and security is concerned, you're the primary custodian of your safety. Even when you want to inform the people close to you of the asset you're currently holding so in the event that something happened to you, your funds won't be useful, you are risking your life and they might facilitate the process and steal all your crypto from you.

I just wanted to share this story I found on social media because it teaches a great lesson as well as it serves as a thumbs up for this Bitcoin talk forum initiative.

There's also the fact that spending much time here reading and doing personal research has kept every member informed, while we stay in touch with the current trend in finance, investment, technology and new innovations.
The need to better ourselves and improve in knowledge as we read and make good comments makes us in reality more interesting to be around and it fulfills the need of self awareness and enlightenment that normal reading of novels or scientific essays would do.



Source link:
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Omo the number of Telegram users just increased and e con be like say everybody don join Telegram and na because of this Telegram Airdrop games na em make dem join. This mining games don actually help to create crypto awareness and the number of crypto users definitely go don increase and people don learn a little about crypto through this mining games.

Investing against the bull run is good but I won’t advise anyone to invest in these meme coins just because they made a few bucks from mining the coin or from their airdrop. Investing in bitcoin is safer and better than investing in these new projects, they can be profitable but not safe enough, their volatility is too risky to rely on for profit. Invest in bitcoin as it is the safest cryptocurrency but if you must invest in altcoins then you should invest in big and promising coins.

Our Nigerian refineries are not functioning and are left abandoned is not because Nigeria, doesn't have the resources to repair them or they don't have the resources to build new ones. The refineries are left dilapidated because people in high places wants it to be so, the people that are benefiting from fuel subsidy and importation of refined petroleum products will never allow the refineries to work. Nothing is working in the country, these sets of wicked people that have also not allowed us to have steady electricity power supply will will never be happy to see any meaningful things to work in Nigeria, because they are gaining from the dilapidations.

Dangote, refinary is an evidence that we have highly placed wicked individuals that doesn't want any refinary to function Nigeria, imagine having that magnitude of a refinary that can produce finished products that can serve the whole country but they wouldn't let it to function because they won't be able to import fuel again. The uptimal functioning of Dangote, refinary will make them not to import fuel into the country again and be getting richer so they'll rather have a country that will totally depend on importation to enrich themselves.

The cryptocurrency ecosystem na for try your luck. When bitcoin started many people think say na fake, and some even call am scam project which na only yahoo boys dey used. Na so NOTcoin hit telegram many Nigerians, Cash out and for dat, many wey missed NOTcoin come dey do Tapswap when im come out and the crowd was much in Nigeria. Every family in the country was tapping unless people come look say di AirDrop na scam. Though im still dey run but because of the delay to launch. Many come loss hope and stopped tapping. Along the line, Hamster Kombat come again and with their promises to launch as early as possible, and millions of people key into it and come dey tap but dem become dey delay dey launch. And normally if a AirDrop, launched a presale in exchange, the real launched would not take time again but hamster Kombat na different case. And yesterday I saw from News say dem don loss 44% participants and today now it is 47% and like dis dem dey loss participants everyday. Along the line again dogs came after hamster Kombat and finally yesterday they launched their coin in exchanges and people Cash out again. And those who Cash out, how was it?

Because of the trust I gave to hamster Kombat, I didn't follow another project and only it because I don't want to stress myself for multiple tasks. And finally I missed out NOTcoin and dogs again. Anyone here also missed out again? And those who Cash out, how was it?

In our today world, making money is easier in the crypto space, you don't really need vigorous knowledge to venture into it, all you need is elementary knowledge of it and your phone. You can start with or without money, you just have to choose whether to be a Trader or Miner.

Traders use their money to make more money just by buying potential coins and keeping it for some time. They sell off when the coin appreciates in value.  While on the other hand
The miners just like most of us now, just interact with some apps, do the task required by the devs and claim free coins daily ontill the project lunches, then sell off and enjoy the money. You pay nothing to get them, every free money in crypto is called AIRDROP.

This is where many people leverage on. There's no need sitting down to complain of no capital to start a business or looking for urgent 2k, when people make millions by just pressing their phones.
The same energy you put in social media vibes put it in whatever area of Crypto you decide to major on and make some cool cash without stress.

I saw in one of the videos of a politician appealing to the federal government to release some members that took part in the EndSars protest, that’s about four years imprisonment now for fighting for your right in your own country. Those protesters when released can never be compelled to support or encourage themselves for a better nation when it demands them to do so. Most of them will be regretting that action now but yet again, is this the way we’ll continue? I hope a lasting solution is found soon to this country’s menace.
 

You’re right OP, engaging in protest cannot stop bad governance in Nigeria and just like you’ve stated earlier before this protest began, during the protest, they were anti-protesters that where protesting against the protest, it clearly shows that the government is looking for a way to buy the people with money into believing that they’re certain people that still have trust and hope in the process of the government which is not true. The protest was later hijacked by hoodlums which turned into violent in some states and also lead to breaking and stealing from people belongings in their shops. That immediately prompt the government to bring an end to the protest by declaring curfew. It was such a bad idea on how the protest later turned out. Calling for military regime, is that the way out of this bondage again?

Nigerians are ready to endure anything but not hunger. This hardship don reach everywhere and the street is no longer friendly. Even as people dey protest across the country because of hunger, some politicians still dey acquire luxurious cars worth millions of Naira. Very soon for this country Richman and their family go start to dey sleep with one eye open

The thing be say, many APC supporters been dey get hope say this current government go better, with the mindset say Tinibu the so called Jagaban of lagos follow develop the state ( so i hear) and with the way him help bring development for the state em go also extend same strategy to ensure say Nigeria go better but ThankGod say their eyes done dey clear.

 With the way things dey go, I no even sure say this present government even get better plans for Nigeria, because since them come na so so problem from hike in foodstuffs to petroleum even to exchange rate,  all the people wey been they support the government during the election, I hope say them they alright lol cause eh go reach everybody.

 Anybody wey believe Nigeria politicians they take better risk cause since after the Yaradua led government Nigerian government seized to be the same, they done currently corrupt the whole sector and the APC led government come even make everything worst, with fake promises and more lies coupled with the fact wey be say na looters full their party.

When I go online and see people talking about protesting against bad governance and hardship, it makes me wonder if those people are actually from Nigeria, maybe they got their motivations from the ongoing protest in Kenya but they fail to realize that this is Nigeria where the government is two steps ahead of it's citizens and would do anything to crumble plots of kicking against their governance.

 It's so shameful that Nigeria has turned into a lawless country, whereby the law only favours certain caliber of people, they disobey the law, take away citizens right and go scot-free without giving account of their actions, take for example what happened in the past major protest which was the ENDSARS protest where innocent citizens carrying out peaceful protest where killed by some military personnels or is the previous election‽

 Even if we embark on another protest by emulating what Kenya is doing, there would be some saboteurs that would go behind to take bribe and ruin the whole process or the government would come up with anti protesters to cause a clash and then they'll declare state of emergency just to ruin the process, that's why I earlier stated that the government is two steps ahead of it's citizen, it's obvious we need a messiah but who would be that messiah? What i think is good for this country is the military regime cause democracy currently is a scam in Nigeria. Well, do you think embarking on a protest would stop bad governance in Nigeria?

Sometimes you look at your effort into all these new projects from tapping one day to tapping every day and you find out that is not worth it and yes, it's not worth the stress, data, and time we put into it. I started to understand that it is the same company that paid Notcoin that has those other company and the y paid Notcoin because they have the plan to spread other projects that people would believe. one thing about these companies is that once they have more population, they have more money. Nowadays the more people you have engaging in your platform the more money you get paid and that is what is happening in all the social media we join in those projects.

I saw a popular airdrop (this same tapping airdrop) dey celebrate 1 million YouTube subscribers and twitter followers and immediately they monetize these social platforms and asking for engagement from their community. People begin dey like, comment and share and na money dem dey make for this projects but then no know. Some of dem dey run this kind airdrop to use grow their social accounts and sell to other projects and we just dey lose ad we dey give them community wey dem no work for. Make we dey use our head because after one particular something dun work for this industry na so copycats we go begin get and many of them no go succeed but just waste your time.


Airdrop na one time chopping na but skills go pay you for life as far you fit dey develop your skills and keep it up to current standards. Like this you no need to go dey learn normal mechanics if na wetin you wan do but how to dey use machine dey check cars because manual cars dey go outdated but  automatic cars na wetin dey full market. Make we value skills pass all this quick money grabbing opportunity and we no go regret am.

The title of the thread says: Bitcoin over dollar, but I still dey naija, so why I no use: "Bitcoin over naira"?. You see, at some point, when an issue can no longer be addressed, it surely means two things, which are: [1] it's either the issue has been solved, or [2] the issue is to complicated to be solved. The devaluation of naira has become an issue that can't be addressed, just by the talk of the common masses, which is why it is best to opt for something better.

I have often heard people make choices between: earning in dollars or naira, which majority happens to choose the dollar over naira. When such comparison is been made, then it definitely means the source of dollar income is likely to come from somewhere outside the country.

But in recent times, as Bitcoin is gradually becoming part of us, I think ideology behind this choice will start changing, as people would opt for: earning in Bitcoin than to earn in dollars. I have my reasons for this which I will have to explain using a basic day-to-day calculation illustration.


The example above comprises of three different people, what they earn, and assuming the exchange rate is (N1500/$). Mr A earns $100/month, which when converted gives us N150K. Mr B on the other hand earns $100 worth of btc, which when converted and maybe hodl can give us an amount greater or less than N150K. Mr C earn exactly N150K.


The illustration above gives an explanation to the salary earners. The price of Petrol around the country is at an average of N800/litre. Aside petrol, other things like food stuffs, electronics, transportation, school fees, light bill, etc are also increasing daily. And we know say anything wey go up for wi country - no dey come down.
The salaries of both Mr A and C will devalue over time, as price of things continues to go up. This is where Bitcoin comes in. From July to December, there are chances of having higher price discovery, as Bitcoin has the potential to grow in price.

Sweet side of it

• As time passes, Bitcoin tends to grow in value and price, unlike your naira and dollar
• By hodling on to such income, you tend to be on a gaining side.

Opposite of the sweet side

• The volatility of Bitcoin can put you at loss for a certain period (especially when the thing don dip).
• It might not work well for those who leave a hand-to-mouth life. Which means - as money dey come, dem dey spend. Though, due to the volatility of Bitcoin, which can make price to change at any point (time), it can also defile this second rule which I've mentioned

This thread was not meant to address the entire problem faced by the citizens of the country, since Bitcoin neva be legal tender for wi country. I just write the thread, based on the debate most people tend to have about: chosing dollar over naira. Morever, majority of us here uses Bitcoin and dollar(in the form of stable coin). As far as I am concerned, the devaluation of naira is enough motivation to opt for something better (but, comes with greater risk).

Make God no let us use bundle of money buy pure-water one day. If Venezuela come ur mind, well, na you think go there.

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Aside that, I think I am supposed to be a full member today, but not sure of how the activity stuff counts. Let's see how that goes, and congrats to me in advance.

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Caution - This thread is not a financial advice. Just clearly what the Op thinks.

Sadly, we've gotten to the stage in our nation where without protest and forceful measures, it's almost impossible to hold our leaders accountable for the responsibility they signed up to. SARS officers killed and molested a lot of Nigerians and we made lots of pleas and yet saw no result until the "END SARS" protest, which led to a lot of killing and destruction of properties before we eventually saw a little reformation in the brutality from our uniform men.

The economic situation is getting worse by the day and maybe some of us aren't feeling it that much because we are fortunate to find ourselves in the digital sector and fortunate enough to have a good-paying job that's not influenced to a large extent by the faulty policies and negligence of our government and politicians who don't have a single plan on ground as to how to bring us out of this mess.

The proposed protest is a journey I wouldn't wish it happens considering the effect of last protest and knowing that after a lot of people have lost thier lives for what they believe was right, we're still in the same or a worse of situation and case of police brutality hasn't become a thing of the past.

Key on the demands for the June 1st protest are;
1.  Declare a state of emergency on inflation.
2. Reformation of the ministry of agriculture
3. Reduction in the salary of sanitors and other executive by 50%
4. End subsidy scam
5. Demand for provision of subsidized loans for SMEs
6. Creation of job opportunities
7. Investing in the educational sector and lots of others.

At the moment, it's still uncertain what the protest will bring to the table and how it will affect the peace and the welfare of people in our nation. A lot of youths on the street are already angry and if care is not taken, what might start as a little protest might end up growing into something big.

What's your take on this? Is the proposed protest worth or or is thier a better alternative to get our leaders to become responsible for the economic situation we're currently into?

One thing about our country people be sae, we dey put every efforts to make good use of every opportunities wey arise so that we go benefit from them hugely before dem go cast wella.

There's nothing today wey Nigeria's go dive into wey no go soar, or you go feel the huge impact sae Nigerians are into it. That's why many companies today are longing to gain Nigeria's interest over their products cos they know sae the moment wey d get that, their products will skyrocket over and over again.

Coming to this telegram mining of a thing. Em don record a good increase into crypto adoption for Nigeria as a whole. Wey be sae, many people are beginning to have interest on how crypto mining works, that someone can get paid through it sha.

However, any good thing, there will be woro-woro inside of am. I d pity those wey go end up falling victim of scam wey go arise from this mining of a thing. Many people don do build their financial dreams up high sae them go earn big from the number of mined coins wey dem don accumulate from different mined apps. However, I no blame anyone sha, na lack of crypto knowledge cause am.

Many people just the mined because of sae them hear sae em go pay, make them mined as they can since no better paying job for the country. Peso no know where em luck go from shine. Na most people believe for the whole matter be that.

I understand wetin you talk oh but when you talk about protesting in peace for this country I no think say e go bring anything positive becos to the government them go think say we no serious and the amount at which we the citizens dey unserious about things for the country even for the social media self go give them that impression say we no ready for wetin we want. I think na too much force we need to take wetin be our own which is our right. EndSars na example as you talk but the support no too dey to strengthen the motion, e for work out oh but when government see wetin them go lose nai the mass killings come into play. Wetin I want make you get be say anything wey be peaceful protest e no dey ever move our government to do something wey go favor us but if we get like international help I believe say we go freely do am and get our goal becos the government dey fear those away piple.

My country people good morning inside this morning, today e get thing wey I wan talk about wey we they always do wey no good for us, wey at the very end, we go start to feel regret due to say we encounter serious losses.

I wan ask, if no be misinformation, uninformation or greed, wetin one make an investor wether newbies or veterans to invest heavily on alt or shit coin? When Bitcoin still dey in the market?

I just dy reason this thing since last night because one of my guy just dy complain too me last night how him invest $500 on OBX when the price been dy $0.013 since July 2022, and up till this day, the value drop to $0.0000457, and it refused to climb back, I no even bother to ask am how much remain, but I just feel sorry for am, I only tell am say in this crypto space, make him no carry knowledge and greed play, say na lack of the right knowledge or greed nai put am inside this kind of mess in the first place, so I say make I ask my fellow brother's, apart from misinformed, uninformation or greed, wetin fit make person fuck up like this, when Bitcoin still dey?