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My people, abeg make we reason this thing well. For Naija, everybody dey talk say land na real wealth and e no dey lose value, and once you own am, na asset wey fit pass from generation to generation. But now we get Bitcoin, one digital money wey don surprise the world with crazy growth and international respect. So for a normal Nigerian wey dey find how to secure tomorrow, the question be: >To buy land (plots/real estate) or to buy Bitcoin?
>Which one go hold better value in the next 10–20 years?
Land dey solid but government wahala and paperwork fit stress person. Bitcoin dey borderless but the price dey shake up and down. Which one really guarantee wealth for Nigerians?
Lol, Make we yarn, if ₦5m dey your hand right now, you go put am inside land or inside Bitcoin? Thoughts.
Well, I will try to answer your questions from my side. If I had thought about the questions you asked, I'm sharing what I would have done myself. Here I can see that you have talked about two topics. The first one is about buying land/plot and the second one is whether bitcoin is right in this modern era. Your two words are logical but I want to say one important thing here you can go in both directions if you want. But you have to decide what you really want to do. If you want to buy land (plot) and do something like house/rent/business there then it is better to buy land considering real assets. Again if you understand Bitcoin well and have a rough idea about its future then if you want to earn good profits without limits then it is better to invest in bitcoin. Now if you want you can ask another question here can both be done together then my answer here is that if you can maintain it and you can invest in bitcoin by maintaining DCA on a limited scale along with buying land/plot. If we talk about 10-20 years... I will say that if you can buy a land/plot like a position then of course you will keep getting good profits on the other hand, bitcoin has a little more potential because the price and volatility in the bitcoin market are high and patience and risk tolerance are very important if you invest in bitcoin. In fact, for Nigerians in our country, everyone is more inclined towards buying land because not many people know about bitcoin the youth know and understand bitcoin the most. There is no guarantee for this after all, I think if after buying land, you can maintain DCA on a small scale and invest in bitcoin for a long time, it will be the best thing to do at the time. Let's say you have \$5M in hand right now (my personal plan) 50% in good location/rented real estate and 30% in bitcoin (maintained by DCA) and 20% in cash/low-risk assets for emergencies, I think it would be better. Both the security of land and the potential of bitcoin are needed. Now you yourself think about which one is better to do and I personally support such a thing.
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A lot of people didn't even believe in Bitcoin then boss so I understand why you in person wouldn't had believed it would get to this point back then, I thnk most of the top investors now didn't see a future with Bitcoin back then, not until it became more valuable and increased in price then they saw a need to buy it and hold, hoping that history would repeat itself.
So nothing like this happened because no one believed that history would repeat itself but with the current price of bitcoin investors are making such comments. It's amazing to think that there was a time when no one wanted to buy bitcoin and no one believed in this bitcoin. This bitcoin is now shaking the market world by becoming the greatest coin of all time.
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To me I feel it’s all based on mindset , most people have the believe that it’s only for the rich , but that’s not true anyway Bitcoin is for both ,it’s created for everyone not for a particular set of people , but it all depends who is ready to take a calculative risk and determination, no matter how small one can invest , as time goes on you can be able to raise a reasonable amount, while the rich can invest higher depending on how he or she wishes , so is not made for one particular set of individual.
Everyone has their own various financial situation and for every financial situation, there's a strategy for them, the rich has their own strategy and does the poor, the only time a poor person will have a hard time Investing in Bitcoin is when they try to adopt the Rich's strategy, they'll definitely feel strained financially, in fact it'll appear impossible for them to achieve it. It is true that the poor will never be able to keep up with the investments of the rich because the poor do not have enough money like the rich, which is why they cannot invest as much as they want. The poor always buy small amounts of bitcoin, but if they can maintain it and invest it with DCA, then the poor will gradually move to a better position. If the poor can maintain DCA for a long time, then there is a possibility of becoming rich from the amount of big money they will earn.
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Unfortunately, the said peer-peer is being polluted, this in turn will make it more difficult for crypto users especially new entrants. How can these be checked and users protected from the unknown outcome, in the event that the government tows this part of unfair play?
You are absolutely right. We can see that the government only talks about the negative aspects of crypto but what is often overlooked is that crypto has saved many young people from the suffocating unemployment situation. Many have organized their lives a little better by earning from it. The new laws may be good for increasing traceability, because crimes like money laundering need to be prevented. But the problem is that if they are not implemented properly, honest users will suffer the most. Especially in peer-to-peer transactions. Because this is where there is the most room for freedom and if it is suddenly clamped down hard and new entrants will back down in fear. The government will have to strike a balance between control and freedom. Let crime be curbed through proper supervision, awareness and the use do of blockchain analysis tools, but not make life more difficult for genuine users. Ultimately, only if the rules are implemented in which fairly will crypto have a healthy environment to survive in Nigeria.
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Seeing your post, I'm sharing how I'm careful. I do not always follow all kinds of news because spammers have become so smart that they continue marketing very smartly to spam from where many people fall into their trap without realizing it and move towards being harmed. For this, I have selected some sites that always publish authentic and true news. When I see the news, I do not believe it at first, I try to dig into the matter a little and then look at the criteria. Actually, this is how I find authentic news.
I personally follow the sites or media that maintain quality and quantity and publish correct information. I check their updates every day and analyze them myself so that I am not harmed in any way.
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Do they think all newbies that joined the forum have no knowledge about it before joining?
Of course, I don't think so because many people may have a lot of good ideas about bitcoin before joining the forum, it is normal bro. When he comes to know about the forum and he comes here and may already know about bitcoin. It may be that the new one who comes knows about bitcoin better than everyone else in this forum and it may happen and it is normal. However, there is a slightly different opinion many old members think they are less interested in bitcoin. I believe this is entirely wrong because a new member who comes to this forum may know less about the rules and regulations of the forum but they may already have good knowledge about bitcoin. Seeing your post reminded me of some of the first posts. Newcomers to the forum are considered to be complete newcomers. Nothing will happen about these but if you post authentic and sound quality from your side, nothing will happen. New members in the forum comment differently from old members because many alt accounts are used here, so old members make different comments. However, if a new member can create high-quality posts and gradually master the forum's rules and regulations then nothing stands in the way of their progress.
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Hello All Perticipate The pictures created by everyone participating in the Fruit Carving Contest are truly amazing! However, I noticed some pictures are not displayed properly due to their large size. Although the pictures are beautiful, they do not look good due to their size. So, please preview the pictures before uploading them. If necessary, resize and post them so they are presented more beautifully and clearly. Since you are working hard to create this wonderful fruit carving, everyone's work will be presented more attractively if you ensure the pictures are correctly displayed to get the best results in the contest. Our participation here aims to see who can create the best fruit carving.
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It is another version of the new month of September and which we all are still waiting for the update of the passed month .....
Maybe he doesn't consider it a mandatory task or he is busy with his personal work and he can't devote time to it. Due to which this chart is not updated on time. If it was updated on time then it would have been better if the updates were published at the beginning of every month and in the middle of the month. Let's see if he updates or not. If he can't update then anyone can update it. I think it would be better.
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I think something that could liven up bitcointalk is a chat feature, it could be like a live chat where you can continuously talk with others. Think of it like a chatroom/trollbox where you could chat with many other people at once or even one on one. If there was chat I think this would make even more people stay on bitcointalk and take part in the discussion. If we wanted to we could even integrate some more complex chat features like discord or telegram does. What does everyone think about this? A chat feature integrated directly into the forum, we have bitcointalk so now we could bring some bitcoinchat into it  I don't know how helpful this will be for the forum but I think if everyone is allowed to chat on the chat board, it will become completely chaotic. Everyone will come and make different reply/comments and a kind of reaction will be created with such reply/comments. Which can ruin the image of the forum in an instant. In my personal opinion, there is no need for this because if we post different types of posts, we can all participate openly there through reply posts and share our opinions. I think this is also like a chat board, so I don't think there is any need to create a new chat feature.
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Op I no actually no where to com from 4 this ur thread but wetin dey there be say to dey save our money for bank or Naira no gud bcos e dey depreciate values as economy dey grow. Who non know physical cash dey loose values like us way dey use naira to think say #100 today go be #100 as time dey go but no fit wonder y #100 today no fit buy wetin #100 dey buy years past. Na how valueless e be to store ur money for banks. So for this sake bitcoin to help keep the value of ur money secured way be say if u hold an for the long e go even grow pass the economy way em inflation dey beat naira value.
The situation in our country is such that we cannot understand where we are heading because the inflation is increasing so much that it is beyond words. At one time, we could buy a lot of things with #100 Naira but due to this inflation now we can't buy anything with that #100 Naira. The number of Naira is the same, only its value has decreased. Why does my head not work when I look at the situation in the country where other countries are moving towards a better situation after overcoming bad conditions but the opposite is happening in our country. They are more focused on how to increase inflation more. We usually invest in bitcoin and try to protect the value of the economy by holding it and exceeding the value of the Naira but on the other hand, the people of our country do not consider it anything. We want to do something good but our country and the political system of the country are not allowing us to get out of this most difficult situation.
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I don't see saving in USDT as a good option when I can buy bitcoin and hold it so the price can appreciate and i make money. USDT does not appreciate in price so holding it is like you are holding fiat and can be better than holding naira because of the inflation that is affecting Nigeria local currency.
Bitcoin will make me money while still holding@ than USDT that has stable price. Bitcoin should be the one to replace local currency not stable coin.
You are right bro, If we earn money by doing something with the money we earn and we can earn profit from it then why would we save that money as USDT? I never save the money that is left after spending it on my family. We know very well that it is better to do something than to save the money that is left after our needs. Since we are moving forward with modernity at the moment, investing in bitcoin is the best option. Those who understand the current situation will never save their USDT. It is better to do something than to save USDT and expect something good from it and if you expect profit by investing in the most stable long-term investment, I think investing in bitcoin is the best option.
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Binance is a reputable crypto exchange, even from the reviews but I didn't use it to trade p2p for long before Nigerians wasn't able to trade anymore with p2p method.
Binance is now the only place to trust. I have completely abandoned Bybit because I was forced to abandon it after seeing its scams. Wherever I go spammers are roaming around, harming us whenever they get the chance. Despite being so aware, sometimes we fall prey to them. The most painful thing is when I see that someone has been cheated by spammers while trying to sell their hard-earned money and the spammers have taken their hard-earned dollars. We have to be very aware and careful in our transactions. If this were the case, it would have been better if we did not get the opportunity to kill any kind of system while buying and selling dollars. But we have to be aware of these things ourselves, and it is not possible to avoid them.
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Bitcoin is a financial system where everyone, rich or poor, can participate equally. If someone wants, they can invest even $10 a week in the DCA method. The door to Bitcoin is open to everyone, but to enter here, you need some patience, a long-term perspective, and courage and faith. Bitcoin is an opportunity where mental preparation and perspective are not the only things needed.
Yes, you are right but maintaining DCA is really a big challenge/difficult task for someone. Not everyone can maintain it regularly. However, those who are able to maintain it regularly can achieve great success in the long run. You said that $10 can be invested every week. In my opinion if someone cannot invest $10 every week then he can definitely invest less than that. There is no problem with that. Because there is no obligation to invest a specific amount of money in bitcoin. It is possible to buy bitcoin at any time, in any situation and with any amount of money. In my view, the most important thing about investing in bitcoin is to prepare yourself mentally. If someone is mentally prepared to invest, then raising money is not a big problem for him. He will be able to determine the amount of investment according to his convenience and ability. However, it is important to remember one thing here: it is not possible for everyone to invest in bitcoin. Those who are not mentally strong and are not used to self-control and cannot think seriously about bitcoin will hesitate to invest in bitcoin or will not be able to continue doing so successfully even if they have a lot of money.
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If someone had told you during 2015 that Bitcoin will exceed over $100k one day and you should invest in it as at then. Would you have believed?
Although the condition of bitcoin was not very good around 2025, at that time bitcoin was straightforward for us to buy but at that time, I could not think about bitcoin like I do now. Since I learned to think about bitcoin the thought that bitcoin would go to a perfect position in the modern world and the future did not work in my mind. In other words, I did not know much about Bitcoin then. At that time no one knew bitcoin well and those who did know were at a very advanced level. However, when I think about the price of bitcoin in 2015, I never imagined that the cost of Bitcoin would exceed 100,000. At that time, I thought two new bitcoins would strengthen their position and do something good. Such thoughts worked in my mind then. The way I can invest in bitcoin now is that I could not have invested in this way in 2015 because there was no earning sector then. But if I still had an earning sector, I would have slowly continued to invest in bitcoin.
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This morning I made a P2P deal on bybit exchange as I want to sell 20 USDT, the whole amount the vendor suppose to pay was N30,426 naira but the vendor paid N28,426 naira. Then I chat the vendor through the chat box to pay the complete money (30,400k) but the vendor replied me that USDT is not stable. But I told him that if he does not complete the money I will not release the coin to him. So that was how he sent me the balance.
Well, in light of your words, I want to say something. I hope you will read the words carefully, then your chances of being spammed will be very low, or you will not be harmed. You sold 20$ USDT on the Bybit exchange on P2P this morning. You did the best job not releasing your USDT until you sent the full amount stated in the chat box output while selling. You will not release the USDT until you receive the full amount. Even if you receive the SMS for the money on your device, immediately connect it and check your account if everything is fine, then release the USDT. This way, there will be no chance of losing your money, and no spammer can harm you I told my friend who have been into p2p trading before me and he said he have contact of p2p vendors that will not try to scam me. He also said that they have been doing p2p deals for almost 6 months and all their p2p trades have been going fine. Said that if I want he will share me the vendors contact. He said if I want to trade I will chat the vendor on Whatsapp then the vendor will come online on the exchange and then we book our trade there.
So should I go ahead and take the number?
Heyyy listen to me....Here, you said that your friend would introduce you to the P2P seller or talk to him, and then you would make a transaction. You asked him if you could share your number. I will tell you very directly that it is better not to use any of your personal numbers in these trading, buying, and selling. If your friend is very close why would he want you to share his number so he can talk to them? I also find this confusing because spammers usually talk with numbers on Telegram or WhatsApp. Never do this: check and select directly from P2P and see the rating and then take an entry to sell. Of course, you must pay attention to how successfully he completed the transaction. You can sell to him if the rating is good and the traction is perfect. There is no way you should share your own number with them. How can you check if they are actually genuine sellers or buyers? 1: Never go outside the exchange to contact them. Whatever you talk about, talk about it through the exchange's live chat. 2: Do not share Telegram or WhatsApp numbers and any other numbers or take them from anyone to talk to. 3: Keep the transactions and discussions in the exchange's official chat; there is no need to go anywhere else. 4: Trade or transact with verified sellers, so your loss is not possible. 5: Trade after seeing feedback from people who have been given high ratings and have made many good transactions. 6: Do not release USDT before receiving the full amount. Even if the full amount is received, release it after checking the bank account. 7: If you encounter any problems at any time, you are definitely encouraged to inform everyone. Report it directly so that spam is reduced.
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If scammers no rest, we sef no go rest by creating awareness about their new and latest strategy. Some few months back, someone raised alarm in one of the crypto groups I belong to claiming that he made a P2P transaction and everything went smoothly and successfully. After a few weeks, he was debited the same amount from his Opay account with a reversal status. He rush to check Opay notifications and then discovered that Opay earlier notified him that the sender reported the transaction he carried out on P2P as erroneous transactions and he failed to respond to the queries which made Opay to automatically refund the sender.
I read his story with convincing proofs that time (early this year) but I ignored since it's a rare case. Recently, I have come across multiple similar complain from regular and business Opay users of having same issues. I'm sharing this here because I believe majority of us here are using Opay and carry out P2P transactions frequently. I believe scammers wey full P2P now go soon dey do this, if e never start sef be that.
This is a sad incident because ordinary users will lose their money if such an incident happens. Although I have not used it yet, I know a little about its transactions. Personally, I don't like it. I transact directly with the bank. The only reason I do bank transactions is that I feel they are safe. Those who use Opay must be careful so that spammers do not exploit it. We all know that many types of scams happen nowadays. These incidents are warning us every moment. Through this warning, we will all make each other aware so we are not harmed.
Happened to one of my colleagues, this why I always advice you poeple only trade with Verified vendors. It cost so much to report a transaction and still get a court order within 24hrs which is not cheap to placed a lien on someone's account for erroneous transfer but I still wonder why they do it.
They understand that Banks do not query crypto related transactions so they do this knowing you can't go to bank to prove it was a legit transaction. If you found yourself in this situation you either abandon the account or you go to the bank and report transaction, give them details and let CBN freeze both the sender and receiver accounts for engaging in crypto transactions. Make una two go down.
I say something about the incident that happened with your colleague. Did your classmate get it back later or not? The two things you said are correct. If you think there is a problem, close the account and freeze the accounts of both the sender and the recipient involved in the transaction. My point is, how long can you keep the account open and run away like this? Of course, if there is a bank problem, you have to report it and do the bank transactions very carefully. And you have to be very aware of yourself so that you don't face such losses in the future. I think it's better to turn around and move forward with awareness than to run away.
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Good day, my good Naija people. With the current economic challenges, it's very essential for the younger ones to provide themselves knowledge to avoid difficulties that the elderly ones have discovered or passed through. Firstly, we need to advise them to train themselves by learning and also reading some financial economic principles, as well as personal finance and investment aspects. They can also provide valuable insights by engaging them in online crypto classes and practical experience on crypto. Additionally, we need to let them understand the benefits of budgeting and how income and expenses are being managed or handled, they should know how to spend and what areas to spend on. Moreover, encourage them to invest early even with the little amount so that they can have rapid benefits over time, having connections with crypto expertise and mentors in the financial profession can tender guidance for them. They should avoid repeating past lapses and view the experienced mentor's mistakes as learning opportunities.
Share your thoughts.
Brother, you have raised/catch a very good point. Young people should first focus on building an emergency fund/hodl fund, at least three months of expenses should be kept in a safe place. Then, they should learn budget management and control their income and expenses. If they can control their income and expenses, there will be no more problems. Crypto should be started with small amounts and if possible, they should first develop a habit by demo trading. If you join a good crypto community, you will get real experience and guidance. The most important thing is that you must DYOR before investing. This reduces the possibility of unnecessary hype and losses. Having patience and the right knowledge ensures financial success in the future.
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It amazes me how that despite this topic (Emergency funds and investment funds) comes up endlessly on forums and discussions, people still seem to treat emergency funds and investment funds as if they are interchangeable. We have all read it a hundred times, yet some still think it is fine to dip into their safety net to chase potential gains.. That is a big level of ignorance and the reality is simple but often ignored: emergency funds are about survival and stability. They are the money you can rely on when life throws things at you, maybe an unexpected medical cost, job loss, or even minor emergency like unexpected house hold repair.. While Investment funds, in contrast, are meant for calculated Bitcoin DCA Stacking. They are designed to grow wealth over time.. The fact that this difference is repeated over and over in forums should be enough for anyone to take away ignorance and take it seriously. But still some might still continue to gamble with all of this even as it is essential..
Think about it, if you put your emergency fund into Bitcoin and the market tanks, you suddenly have no safety net, no fallback, and real world obligations would not have mercy on you.. The emotional and financial pressure in it is not minor, it can turn into mistakes that make a bad situation worse. Investment money is supposed to be flexible, but your emergency fund is not. That real difference is exactly why forums keep hammering this point: it is not a guideline; it is a rule born from the painful lessons many have already experienced. Discretionary income belongs in stacking and accumulation, your emergency fund belongs somewhere unshakable, untouched until it is truly needed.
Lastly, respecting this is not about following advice blindly, it’s about recognizing the consequences of crossing that line. Emergency funds are your anchor, your shield, and your peace of mind, while investment funds are your potential for growth and opportunity.
Yes, you have covered the details perfectly. We will not understand their value until we separate emergency funds from investment funds when we are in danger. When danger comes and the situation deteriorates, we can understand it well. Then maybe there will be no benefit even if we understand because we will not have these funds at that time. For this, we have to understand from such discussions how to take steps for the future from now on. If we understand well and can take steps well, we will keep our emergency and investment funds separate in the future. If we can move forward by keeping these funds separate then even if we have bad times in the future. We will not have any problems, and we will be able to easily overcome the bad situation/time with the breakup. In simple words, if you want to overcome the bad times well with peace of mind and no worries, then we must move forward by keeping the emergency and investment funds separate. You yourself are mixing up the emergency fund and the reserve fund. Due to the difference in work, there is no need to spend from separate funds. A person can have savings beyond just the emergency fund and the reserve fund. The point is that a person who has started investing in Bitcoin. If he faces financial problems during the investment, then he will first see if he can solve the problem with the money he has. After that, if he cannot solve that financial problem, then he will use the reserve fund. If after that he needs more money and the reserve fund runs out, then he will use the emergency fund. He will solve his financial problem by taking money from there. But in fact, it is seen that the problem of the assumption that requires less money is solved from the reserve fund, but when it comes to a lot of money or he loses his job, he has no income. In such a situation, after a few days, the reserve fund runs out and then he starts using the emergency fund. The emergency fund is kept as a last resort.
Of course, your words/Point are correct, but you have brought up the point that I have mixed up the emergency and reserve funds. I am saying it in two ways, but you have said it in three steps here. First, you said that in times of danger, one should deal with the danger with the money he has, and later if the danger cannot be completely overcome with the money he has, he should use the reserve fund. Even then, if the danger cannot be overcome, it will be necessary to use it. You are right, if we think about it in three ways, don't think about it naturally, but I thought about it in two ways, because that is what you thought. It can actually be thought about in many ways, such as how and what kind of steps someone will take to overcome their danger.
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For example, if a team is priced at 1.90, does that really mean they have a 52.6% chance of winning?
The output we see on the sportsbook lines tells us what percentage of who can actually win. The output depends on the progress of the teams on both sides of the match.
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