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Normally, investing in Bitcoin, you don't need to tell people the precise amount you have; it is an investment that you should keep private because letting people know about it won't add anything positive to the investment. Instead, it can even be a risk, as criminals may come after you.
Some bitcoiners are funny, always trying to prove a point with their investments and exposing themselves to unnecessary risks. We don't care about how much bitcoin anyone owns and what they do with their bitcoins. Bitcoin is all about privacy and it should be best if bitcoiners will treat it this way for their own safety and the safety of their loved ones. Investing in bitcoin is a personal race, no one cares if we expose ourselves or not, except for criminals who are looking for preys. Many disguise themselves because they know the value of what they hold and it’s only a true Bitcoin enthusiast knows about the importance of privacy and what it holds to security that will remain private about it. Mean while Owning a Bitcoin it's for both average and rich people every one is freely to invest on it no matter how unpredictable Bitcoin can be many own a Bitcoin doesn't mean are rich just fighting for survivor as they wait patiently to achieve there goals seclusion is also a key future of Bitcoin no one knows if you are an investor if you don't say it openly, In most cases most people who brag about Bitcoin own no single unit of Bitcoin |
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Whenever a question like this about bitcoin eliminating anything comes up the straight answer is always that bitcoin isn’t here to eliminate anything but rather to provide alternative to those monetary or financial market shortcomings.
As you have rightly said banks still offers many options to users most especially those who do not care much about privacy. Loans can also be issued with bitcoin but sometimes it not easy like the one you would have with banks because of identity issues.
People should stop the narrative of bitcoin looking to take out anything from the market it is simply an alternative for people who seeks its utility
Bitcoin was not here for elimination rather creating future's to make a difference Also we can say the local bank provide more options, costumers service etc which is more preferable to the less educated citizens I would say No that Bitcoin won't eliminate local bank that provides more service to the people Bitcoin is not own by the government or individual like the local bank that provides you more options costumers service and more Bitcoin is a decentralized currency that only the holder can control and determine what happens to there Coin |
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It's only take someone who doesn't understand the value of cryptocurrency that won't like earning salary in Bitcoin (BTC)
Thought of holding your Bitcoin it's never easy as man facing challenges you can only pass through this if you believe Bitcoin can change your life in future
As for me Bitcoin is the best way to earn salary
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Immediately after my SSCE (WAEC ) 2018
a friend of mine who was already at level 300 introduce me in mining coins we started with Ton-coin I was never serious about it . not knowing it's a step to success
when I made my first $50 dollars from Toncoin I said to my self anything linked to crypto will be my home till I found myself in the forum
Was never bothered about jobs even when got one
As a Nigerian youth investing in cryptocurrency such as Bitcoin, ethereum etc it's never Risk free but you won't regret it in future
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As a Nigerian man dey see anything wey be online investment as 419 (fraud) and another thing be say dey are always impatient in anything that concern money as a Nigerian person wey you advise to invest time goes on him never come see profit una fit turn enemy it's hard for them to take the Risk but dey just want to be rich
Since wey Dem believe say na oyibo thing no body wey Dem won go meet if there's a crash in there investment dey always have that mentality that you want to defraud them
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Bitcoin can actually be our dreams come true, if you are well restraint , always no when to spend
earning money in other ways doesn't matter we all know hitting a good job in the modern world that you get paid with bitcoin out there it's by connection if you have one
If you are opportune to have Bitcoin and you are looking at how it's gross in 10 years you have to be careful to avoid scammers (fraud)
live a good life to avoid health issue why you wait to hit the jackpot in future
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This video ( https://www.youtube.com/watch?v=Cw29h7LhEuE) was posted 12 years ago, and the man in it was simply urging viewers to buy just $1 worth of Bitcoin, which by now would probably be worth at $118k. We really missed a once-in-a-lifetime opportunity. Just sharing this since it popped up on my Meta feed, maybe someone else finds it interesting too. What can we say . It's could had been more profitable if 70% or more of his viewers listen to him when Bitcoin was around $1 dollar we could imagine what billionaires they could have become Looking at it at the order wey round the price of Bitcoin around 2013 when the video was uploaded Bitcoin was already at $13.22 and has been doing well growing massively My question is could other coin be like Bitcoin (Altcoin , shitcoin) |
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Smile, thinking of it lately,
Market strategies really matters your Bitcoin could be tempting it's all depends on you to decide to spend more , but as a good miner tycoon
It's better not spending unnecessary while you accumulate more Bitcoin
As long Bitcoin it's at the top have no reason to spend more on unnecessarily
It's better not spend more of your assets Bitcoin could be more helpful in future
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A friend of mine just got into Bitcoin, lucky for him, his successful. Before he started Bitcoin, he was actually into a good business of selling artwork which wasn't so bad. So he got introduced to Bitcoin and had a quick success. It's actually a good and exciting thing to see someone progress fast like that, but he quit selling artworks and other little businesses that kept him going he stopped, he now depends fully on Bitcoin. Bitcoin is the king no doubt, but From my Point of view I think that depending fully on it might be risky to you financially. I don't recommend anyone to depend solely on Bitcoin or any single asset. Bitcoin can fluctuate rapidly and market volatility might impact your financial stability. It is actually very risky to invest in a single asset. The part that scares me the most is that my friend has put all his resources into this one asset. If am wrong please correct me. Thanks
Why , it's not advisable as an investor to depend fully on Bitcoin market price fluctuate, Bitcoin price can change rapidly , to predict market trends can be risk. Investors should know how to handle there potential losses and manage their risk with a investment strategies not putting all penny to avoid a bigger lost he can still make some income with the artwork while waiting for the Bitcoin market to hit the jackpot,, |
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Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.
You won’t say bitcoin is just for the rich alone, both the rich and the average person are all allowed to own bitcoin as long as you can afford it, it’s you who is taking the risk that will determine if you are worthy of it or not. All you need before you can start investing is a strategy that will work fine for you base on your income not just in bitcoin investment but also in anything you want to invest on, you should invest with what you can afford and as you keep on going you can also grow your trust and interest if you should invest more or not having in mind that no investment is risk free. |
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