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Author Topic: Invest in Bitcoin: Our Monetary system is F*cked - This is not a drill  (Read 233 times)
Felicity_Tide (OP)
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August 08, 2024, 04:55:42 AM
 #21

I happy as you make the thread about investing in Bitcoin and not putting all cryptocurrency into the picture because e get some crypto wey our Naira self better pass based on stability. Na only Bitcoin wey we suppose dey use as a safe haven against the Naira because the present government dun make everything worse although we no suppose dey blame only them because the collapsing of an economy no dey just happen overnight but na years of bad governance and lack of plans na wetin they kill the economy as we dey see so. We still get hopes to help the Naira and we fit only do this one during the next election. Make we no seat down for house but come out to vote a competent leader and not politicians with no brains

That underlined statement dey make me laugh, and that's the truth. I think there is something I have also observed about Nigerians when it comes to investing, and that is: some of us tend to take patience for granted. Inorder word, we no dey settle down do something. When we sometimes attribute patience to Bitcoin investment, all we are just talking about is "gradual accumulation". Fetching of water happens to be a practical example for wi country. At the beginning, the drum go empty, which sometimes they dey discouraging. But as we continue to go fill the drum gradually, we begin to see results, because the drum must surely full. This same scenerio is also applicable to these investment we are talking about.

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We need to invest in Bitcoin, foreign currency and tangible assets. Basically we need to invest in assets for this country and stop to dey chase liability. If Bitcoin or altcoins give you money, go buy lands and establish yourself a business that can give you better cash flow to use guide life. Make we no dey depend on the government irrespective of who dey there because na only you fit help yourself and not the government, they can only support but won't be able to do everything for you. Our lifes dey our own hands, so make we make a useful use of our youthful years take arrange am well for tomorrow to better.

It amuses me of how some people have lived through the year 2000-2024, and hasn't noticed the decay in our monetary system and the high increase in corruption. When some of us settle down to think about this, I think we would all start making U-turns in removing focus from the government, and channeling more investment energy to ourselves.

Personally, I’m not a fan of reading a very long post like this but I had to take my time to go through this post because you already earned good merits on it and men I do agree with you that THIS IS NOT A DRILL.
normally this country matter don tire me but wetin man go do na, as at the time of when I Dey write this post I just talk with my elder bro and his friends and we been Dey talk about how fu*k the  Nigeria politics is and how messed and rigged the dye stem is and Dino was our major concern joined with wike and meh this country need help because I see no reason why a senator for several years go Dey brag with government money in a country where the masses Dey cry of hunger and frustration.

The issue of the country naira and monetary policy no be wetin to Dey talk again because at this point, we don already leave everything for God hand

I sometimes always have the thought to make it as short as possible, but due to the heat wey dey come from the country, I dey forget.

And concerning those senators, you see, sometime last week, I was going through someone's YouTube channel, where he had uploaded lots of political videos of US senators, presidential candidates, and others. My God, if you see the way US senators are f*cking tough, like if them table your matter for chamber, your own done finish. I watched a video where they questioned the security head that was suppose to provide assistance and security to Donald trumps campaign, which almost resulted to his assignation. Omo, them nearly finish the woman with questions and indirect insults. Sadly, we don't even have such senators or representative in the government. If you talk, dem go swipe you out like the way dem do the past chief wipe.

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August 09, 2024, 10:10:51 PM
 #22

Like I pointed out in my previous post: "there is nothing the masses can do about the devaluation of naira, so we need to opt for better options". Investing in Bitcoin, is probably one of the best advice anyone can get in tough times(hardship) like this. The monetary system/policy guiding Bitcoin is open and transparent, and no activity can be done behind the scene inorder to produce more of it, thereby causing inflation. Our Monetary system is f*cked - This is not a drill.
I agree and half agree.
Most of the masses cannot not afford to invest in Bitcoin. There is no "money that they can afford to lose" for that. Whatever money most of the masses have now is "survival" money. Secondly, how many of the masses can invest time in learning about Bitcoin to enable them understand that the basics, the myths and realities? For most of the masses wey dey our country Bitcoin nor be their Messiah.

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promise444c5
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August 10, 2024, 03:22:51 PM
 #23

Like I pointed out in my previous post: "there is nothing the masses can do about the devaluation of naira, so we need to opt for better options". Investing in Bitcoin, is probably one of the best advice anyone can get in tough times(hardship) like this. The monetary system/policy guiding Bitcoin is open and transparent, and no activity can be done behind the scene inorder to produce more of it, thereby causing inflation. Our Monetary system is f*cked - This is not a drill.
I agree and half agree.
Most of the masses cannot not afford to invest in Bitcoin. There is no "money that they can afford to lose" for that. Whatever money most of the masses have now is "survival" money. Secondly, how many of the masses can invest time in learning about Bitcoin to enable them understand that the basics, the myths and realities? For most of the masses wey dey our country Bitcoin nor be their Messiah.
True! True!! just had to go through this and come tot think of it, recently the government has been on the crypto space in an opposite way ,the exchange was mainly their target anyways but i mean for an average Nigerian even they have to invest in Bitcoin then they will be needing use part of it because of the emergence occurence that keeps on increasing in the country which causes extra spending,imagine having to move their funds all the time  besides it will be hard for masses to really understand how this things works in the first place so the best way  for them to use the exchange.



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August 10, 2024, 04:36:52 PM
 #24

There are some implementations in Bitcoin that has helped to increase scarcity, and also control inflation. This scarcity has helped in terms of price growth, which is clearly unlike our monetary policy that has nothing in place to control inflation.
Na true talk say Bitcoin ever since it got invented, nah the surest means of investment for people in Naija, as a medium to avoid the inflation of our country money (i.e Nigerian Naira) due to government recklessness not to make favorable policies to safeguard our Naira, and secondly, not only is this update only for Naira alone, but for fiat currencies entirely, as Bitcoin investment have been proven to be more profitable than any other, due to it's limited market supply and ever always-ready market demand and supply at all moment.
Thirdly, let's nobody should tell you that it's late to invest in Bitcoin, because just as Bitcoin as able to rise from a dollar to today thousands of dollars, so is its price likely to skyrocket when we enter the bull market, hence, if you have money, now is the best time to buy to invest in it, so as to save your Naira from inflation.

 
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