With the present struggling economic condition of the country, do we think it will be easy to invest in BTC? Most family now battles for daily meal. Transportation cost isn't something one should talk about. Within all this, I think having a strong determination to invest supercede any other things one can talk about. Below is how your strong determination can help you overcome not investing within the bad economy:
When there is economic meltdown stomach infrastructure should be the goal not thinking about how to buy Bitcoin, you guys are misunderstanding the whole Bitcoin investment thing. Wether you like it or not, if you're not financially stable you can not DCA Efficiently. Na person wey don chop dey think of investment. If you think you're going to spend the little money you have to buy Bitcoin for a short term profit to solve your daily or weekly needs you have to rethink again. It all about decision and choice. Fine, in an economic meltdown, stomach infrastructure should be the first but this shouldn't stop one from investing. At least with the economy turn around, people still go into thrift contribution. Sometimes self denial can be a goal for ones investment. I know of a friend who invest 10% of his monthly salary on BTC and this has helped him to hodl little BTC in his bag. He do manage the remaining on monthly basis. This may not be that easy but this is where determination and self denial comes in. Nothing come easy especially in a country like ours. I'm not saying it's a must you invest in this type of economy but it good if one can give a trial if it won't affect one's home and family. |
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With the present struggling economic condition of the country, do we think it will be easy to invest in BTC? Most family now battles for daily meal. Transportation cost isn't something one should talk about. Within all this, I think having a strong determination to invest supercede any other things one can talk about. Below is how your strong determination can help you overcome not investing within the bad economy:
👉👉It encourages regular investment: Your determination helps you to keep investing even when you are at lost. This may also help you to set a target for your investment on monthly basis. Most people stop investing even when using DCA after a huge lost when BTC is in dip. But with strong determination, you will be bold and will keep believing in what you are doing.
👉👉It encourages you to keep learning: The more you learn, the more the chance of making it in the space. Strong determination gives you the power to think of knowing more about what you are investing on. Your determination keep pushing you to more knowledge and this will go a long way to help you succeed in your investments
👉👉It strengthen your patience: Patience is highly needed in every investment. It even more needed in Bitcoin investment. Your determination to invest in BTC and your acquired knowledge on it will help you hodl onto your bag even in dip.
CONCLUSION
Let determination be the main key to drive you towards investing in Bitcoin. Don't be carried away by the potential of making profit from it as it may weigh you down if things turn upside down after investing.
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Yes, the best way to invest in Bitcoin is to invest in Bitcoin using the DCA method. However, you should plan to continue investing in the DCA method for the long term. If you don't have enough money, now if you can continue to invest small amount from your income in DCA method then at some point your investment amount will be much bigger. DCA method is the best method. Many people have achieved success by investing in the DCA method.
Everyone are just talking about DCA. Well, it right and good. But I believe determination to invest should come in first. Almost everyone in the space except newbies are familiar with it but this doesn't make some invest. This is why I believe so much on determination to invest. With the struggling nature of our country economy, I have a friend who invest 10% of his monthly income on buying BTC. This is what we can called strong determination to invest. This friend of mine has used this method to hold more than $500 of Bitcoin. Although this may look small but if he continues like this, he will accumulate more BTC with time. DCA can be the key but patience and strong determination makes it work easier. However don't invest more than you can lose, invest what you can afford to lose.
Investment comes with ability to make profit and lost. No investment is 100% profit guaranteed, so it better to think of loses that may come with any investment. So, try to invest wisely when dealing with BTC as well. Invest only the money you can avoid to lose as said earlier. |
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Maybe DCA is more popular than other strategies because many investors prefer to use DCA compared to other strategies.
Because it works better and brings profit for most of investors who use DCA strategy. With DCA, it's more easily to succeed and get profit, because it requires simple steps and principles to follow. You don't have to play with technical indicators for any analysis. What you need is researching about fundamentals of Bitcoin, and the rest is going with DCA strategy. To learn fundamentals of Bitcoin, here The bullish case for Bitcoin.This as been the best way to generally invest in crypto. But this looks more accurate when investing in good coin like Bitcoin. Also, using DCA only doesn't make up all the strategy here. Patience, patience and more patience make it work well. This is why it's always the best to invest ones own money and the money one can avoid to lose. Although, investing in Bitcoin may guarantee good returns but this may not come in years. This make patience highly important in the space. |
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Good day, Have been inactive in the forum for a while. I'm now back. I will like to take up this signature as i'm back in the forum. Thanks. BTC address: bc1qsmn7m7qasdfs046hchfy69e9x7fw567g6pcpju |
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Official team confirmed it is a scam
I thought as much. I have search through all their social media to see if I can see related stuff, but I didn't. |
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There is a current trend in my country where parents are doing everything financially possible to give their children the best education. Some parents have gone to the extent of selling properties or taking loans to send their children to some of the best schools in and outside the country. I have spoken with some of them, and the reason they give is that this child will get good jobs and take care of them in the future.
I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.
Do you think parents should have a limit on the amount they can invest in their children?
It is the responsibility of the parents to take care of their children and there shouldn't be any limit to the level in which they do that. They should try to do that within their capacity. It is also the right of the children to take proper care of his/her aged parent when he/she grows up and start earning. But it's high time we get to know being educated doesn't guarantee good job. Education means you are trainable and wise enough to creat opportunities if there isn't any. It was in the olden days that jobs are easy to get. Now, it isn't come that easy. Parent should see the upbring of their children as their responsibility without expecting a pay back time in future so they won't get disappointed if things doesn't work out well as they think. |
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I want to have my own insurance (also for my family) but you see basic needs are more important for us to live our everyday life. I know it is important to have insurance especially if there are immediate emergency need to prioritize but it is not common for us in a third world country to have that privilege. Only with high salary or we can say atleast with a person who still not have his/her own family. In our country, this is not priorities nor have the campaign to teach this, so many of us
are not aware about the importance of it in their future.
Life insurance is part of what we should place priority on especially our health insurance. Just like they say 'health is wealth', if ones health status is good, their is still a much hope for such person to be rich. In most case, people don't do insurance out of poverty but out of ignorance and adequate knowledge about it's important. If people really know it's important, I believe they will put priority on it just like we do for other things. |
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To become a successful community or economy you need to have a good leader, who leads to having a good trade with another country, can manage the peace between other country, and makes good decisions that make the economy more growth and people do not suffer in life. But if you face corrupt people in the government sure you can't see a good thing will happen in your community. First-hand experience with our country people face the same issue by generations until now there's no changes, people in my country easily deceived by those promises after they get the position they focus in themselves not for the people.
In most Africa countries, their leaders are corrupt and they hardly do things well. I do always think of how we as member of the community can help to improve our economy. If our leaders has failed us, I believe we shouldn't fail ourself. We can still do something that can impact at least little growth to our economy |
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There are many ways to make you rich if you are able to take advantage of opportunities and work by relying on your intelligence on something that can generate profits. Try to think smartly to create a source of income that can flow into your wallet. Working smartly will make it easier for you to earn a bigger income than just relying on luck in gambling. You must have intelligence in making money, when you have set a goal to reach a level like a billionaire who has managed to collect a lot of money, you have to create your own jackpot.
When it comes to riches, what makes us rich are just different from each other. What I will do to acquire wealth may not work for you if you do the same. This is why we need to apply our knowledge and intelligent considering our environment when planning for a business that will work for success for you. |
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I'm a newbie and I need your advice on how to go about things in this forum.
I joined this forum 2022 but I was not active so I really don't know how things work here.
I need help as a beginner and I will really appreciate your support in other for me to know more about this forum.
Thank you.
To grow easily in the forum, you have to make learning your priority. You also need to get yourself familiarize with the terms and conditions guiding the forum so that you won't go against it. |
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Well I don’t agree with what teachers tell us. Hard work can get you somewhere yes but it wouldn’t be the only thing you should do in order to succeed. In my opinion you need a little bit of luck still. Hard work plus luck is the deadly combo. That would get you anywhere you want in life and further. Though not all of us gets that lucky.
Hard Work and luck together play a very better role in one's success and if someone is not working hard and thinks that his good luck will make him wealthy then he is wrong because both are compulsory. But in some cases luck win the race and lucky individuals become more successful than hard work people. There are many individuals who have not worked hard and have not gotten any degree but still they are earning a good sum of money due to their good luck. We should utilize our energy and skills as well as knowledge and let our luck be shiny to give us huge success but remember that we should not stop to work hard. Working hard is good but getting right information at the right time may work in most times than being hard working. In most cases, people with less stressful work with good skills earn far better than those working all day with their strength as hard labor. Most people call it luck but sometimes is just getting the right skills and information. I'm not saying there isn't luck but most time luck comes to complement your skills and trials. |
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On a scale of 1-10 I will say 9 out of every 10 are addicted to making more money even though not everyone attain this height at the end of the day. We live in an every hiking economic society. Prices of commodities keep changing as each day passes by. This has invariably triggered the addiction to more money as the usual earnings is no longer enough to maintain once life style.
I agree that money is essential for many things in life, including buying goods, achieving status, and sometimes even influencing others. However, I disagree that the majority of people are addicted to money. My definition of money addiction aligns with addiction to drugs or alcohol. It's when a person's drives and identity become so intertwined with money—whether it's having it, accumulating it, spending it, or even giving it away—that they lose sight of who they are without it. In my observations, many people still work simply to stay active and don't prioritize income as long as their basic needs are met. They appear content and happy. Therefore, I don't agree with the statement that 9 out of 10 people are addicted to money.
Many have been forced into adapting to their current spending ability, others have deviced means to earn more so as to meet up others has choosen the looting method just to survive.
Based on this Ninety percent of people in every sector of life has higher chances of looting only that most people are not privileged to get the opportunity to carryout what's in their minds
In my opinion, the problem isn't that people don't have enough money to survive, but rather that they focus on wants instead of needs and prioritize appearances. They choose lifestyles beyond their means, and some resort to harmful actions like theft. Ultimately, the issue isn't a lack of money but rather greed and misplaced priorities. Hmmm..., this is indeed the main factor affecting humans. Not everything you want, you should acquire because your needs should stand as priority for you against your want if you want to have a meanful life. This is why making a scale of preference to your want is important. |
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One can hardly do without renting unless one comes from a wealthy home. Building an apartment isn't something easy as it requires huge amount of money. All I can say is that one should just be wise in it doing. As you live in a rented apartment, one should try to contribute gradually to start something for himself.
Everyone definitely needs a place to take refuge in their life and if someone doesn't have their own house to live in, of course the main choice is to rent. And I think this is nothing new in many people's lives because it has been seen very often in everyone's lives. So we are all really required to be able to have our own house if we are very tired of the rental fees that have to be paid to the owner of the apartment or house every year. So how do you do it? Well, the method itself is actually quite simple, namely by continuing to work and making money so that it can be allocated to investments and also allocated for planning the construction of our own house. Since shelter is highly important in humans life. Then it is either you acquire it by rentage or building it yourself. If you are building it yourself, then this depends on your plans on how to do that. You can even go that far to acquire a loan from the government if you are a government working. |
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If we pay close attention, renting is a help for those of us who have limited financial capabilities, who can only afford to rent and cannot afford to buy a house to own with the family, renting is very good for us to practice because with this practice we can have House In the long term, buying a house is not an easy thing, there are many things we have to think about to make our desires come true for the house we want to own.
For those of us who are not financially capable, of course renting will really help us and our families, this is not in vain, and if you don't want to rent then you will buy, but if you don't have enough money then you can go to the bank to apply for a mortgage loan.
A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off. Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true. One can hardly do without renting unless one comes from a wealthy home. Building an apartment isn't something easy as it requires huge amount of money. All I can say is that one should just be wise in it doing. As you live in a rented apartment, one should try to contribute gradually to start something for himself. |
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Hard work alone can't get you anywhere, a miner who works 12 hours in coal mines can't become rich no matter what he does, it doesn't work that way. He is a person who works harder and harsher than even Elon Musk, it is not that he is poor because he is lazy, but because he works hard but not smart, because he doesn't have any other option. You think Elon is rich because he works hard?
I mean of course he might be working very hard, that is not the point but need to remember that we are going to end up with realizing he worked smart as well, and took risks, and build stuff that others did not at the time. This is the thing that will make things better for anyone and I believe that hard work is important but won't be enough just by itself.
Hard work without being determined and strategic in life will still not guarantee a good and comfortable life. We can see a lot of hardworking workers who until now are still stuck with their old job and has never experienced life’s progress. That shows that hard work alone is not the only key to success, but aside from knowledge and skills, one should also learn to be resourceful and wise in taking life’s decision. If you dream to become rich one day, then you should not only focus on a single job but do some side hustles, and the most important thing is, learn to invest in bitcoin or even in other potentials projects that will give us opportunity to improve one’s life condition. Information most time can be a key to achieve success in life. If hardworking alone is the true way to riches and success, then the palm wine tapper, bricklayers and others that do hard job should be the riches. Alot of people have meet their life fortune with little work and stress by working carefully with the right information. |
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I received a PM on Telegram a few days ago. One asked me for help and shared his wallet seed phrase with me. I suspected it might be some new method of scam. So I did not reply to his PM. After reading this post today I understood what is the real method. We must always be careful about Telegram, Email messages.
Telegram is one of the social media where scammers use this days. They come out with different methods everyday just to scam. We just need to be more smart and careful in this space just to avoiding falling into all this various scam. |
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I can see that many of these companies don't want to miss out on the great trend that is going currently.
Crypto adoption is increasing daily and we might not be surprised to see that people are more interested in transacting through cryptocurrency than to use the normal fiat means. The world is changing gradually and we will not be surprised that many countries would start accepting cryptocurrency transactions to make things more easier to carry out with time.
This is just the beginning. As crypto become more popular this days, it's adoption will definitely gradually increasing. In 10 years to this time, I believe crypto should be included as payment method in most big companies. |
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Rank- Full member
Segwit BTC address- bc1qsmn7m7qasdfs046hchfy69e9x7fw567g6pcpju
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