How bitcoin has employed more African youths.

[GeorgeJohn]

When your own governments do not offer a solution to unemployment, then people take matters into theirnown hands, and for the first time people can do it easier than ever before. However, as I mentioned on some other posts, crypto is not a solution for a colapsed economy. It can only serve as a bandage, and as crypto moves into it's bear period, some underlying problems will appear.

I agreed with you bro, Bitcoin in every country that knows it, really reduced the rate of unemployment to the society, you said it all that when government refused to make adequate provisions to her people, her people will make a way by theyself, the rate of unemployment and low salary scale made some people especially the young adults to give seventy five  concentration of time to cryptocurrency especially bitcoin, at least Bitcoin is sustaining many people today through long time investment and trading of crypto.

 

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[Daniel91]

People from the 3rd world countries (not just from Africa) will find their way to survive and improve their living without relying on the government proposal and employment strategies. People from there had become hopeless when they just wait for the government's help but instead, they make their own to find a job anywhere, and to be a part of crypto/Bitcoin is really in big help for them. However, their incapability of doing this like having no gadgets and internet connection rejects those chances. That is why only a few people had made it while the majority are still pushing their lives to survive.

In fact, bitcoin and crypto are a great opportunity for people in Asia, Eastern Europe, South America and elsewhere to get out of poverty and achieve financial freedom.
In many countries, governments are corrupt and do not help their citizens.
Crypto will help many people bypass the usual government channels and find their own path to financial independence.
Unfortunately, I know from personal experience what the situation is like in Africa and there, unfortunately, a large number of people can't enjoy the benefits of cryptocurrency due to underdeveloped infrastructure, ie many people do not have access to the Internet, even mobile phones.
Still, young people in big African cities could be the initiators of big changes through the crypto industry.

[Rockstarguy]

Bitcoin is a good advantage to Africans, the rate at which africa youth are going into Bitcoin is increasing day by day,  and it has been changing life. Most youths now takes bitcoin as a  business,  which they buy and sell it. Even the the working class people don't only depend on their job or business,  they also invest in Bitcoin to be financially stable.

[Pmalek]

African countries are most times referred to as third world countries because of their under-development and under-civilization caused mainly by bad leadership.

Let me fix this part for you a little bit. African countries are called third-world countries by those exploiting and plundering their natural resources. They have done it for thousands of years and don't plan to stop. The lack of education and corruption also doesn't help your cause unfortunately.

I agree with most of your points besides the trading Bitcoin and crypto part. I don't believe that an uneducated and unexperienced youth should be trading anything. A lot of the youth in any part of the world fit that profile. I wrote a thread on the dangers of trading not that long ago. I think it's fitting to mention it here > What Can Happen If You Want to Trade Cryptocurrencies, but You Don’t Know How?  

[7deadlyBTCIN]

Sorry to say but bitcoin mining in Africa is a bad idea because grid power in Africa sucks, the only country with state electricity power is Ghana but from someone from Nigeria it's waste of time unless you are rich and ready to build a solar mining farm

[stompix]

African countries are most times referred to as third world countries because of their under-development and under-civilization caused mainly by bad leadership.

Let me fix this part for you a little bit. African countries are called third-world countries by those exploiting and plundering their natural resources.

Thousands of years?  Let's cut it a bit by a factor of 5x down to two hundred, Livingstone reached the Victoria falls in mid 19th century, common!
For example, Gabon was colonized in 1885 and gained its independence in 1960, they have been a colony for 75 years and independent for 62.

Now, there are two things in that list that I don't really think are accurate, the rest are easily observable so no debate there.

- Mining.
Unemployed youths cant afford an ASIC and I doubt there were a lot of poeple in Africa who could afford a video card and internet prior to 2011 when FPGA took over from GPU.
- Lending
People who don't have money can't lend other poeple money and poeple who don't have money shouldn't get loans to essentially gamble.

Traders borrow from lenders, trade with it and make profit and it becomes a win-win situation for the lenders and traders.

Yeah, the second topic I read today about magic money and how everyone gets rich, nobody loses a penny.

[Lordhermes]

Bitcoin has been of help to many African youths recently,and has removed criminal activities from the mind of youths.
Bitcoin has shown to be one of the best way of making money,and therefore,majority of people invest and make their gains or returns.

[Gorosden]

Straight from Africa, I'm alive in a good shape today thanks to crypto life has been so hard for the past many years until I decided to start working online that was how I ended up with bitcoin, made some mistakes along the way but things keep getting better I can't wait for a better future ahead, now I'm into mining and trading, crypto is really a life saver

[Gozie51]

It's in general not only for the African youths that bitcoin has helped a lot of us.

You are right saying this. Africa or third world countries are not the only beneficiary of bitcoin and cryptocurrency investment alike, youths and old. If you check every country has a currency that purchasing power is lesser than btc. This means the value of btc is much higher, therefore having investment in btc gives every continent and btc ethusiast edge above those not investing.

Also about the signature campaign, not only African community benefit from it after rendering the service. So the benefit of bitcoin is really to a large extent.

[Taskford]

I enjoy hearing about how people in less privileged countries prosper due to their use of bitcoin. Some of the most successful people in the world come from nothing. Even hearing about how people in third world countries feed their families from signature campaign pay right here on bitcointalk warms the heart. Bitcoin gives opportunities to  so many people worldwide. We can all be thankful in different ways for our early discovery & subsequent adoption of bitcoin. 

We can say that bitcoin has no discrimination since eventhough some of the people don't have diploma we can still see that here all is equal especially when you are skilled to work on some jobs which we can locate here. I'm also happy to see that the basic earning option like signature campaign can bring food to their family so lets hope thag we can see more camps open up here so it can help more potential people to have a sideline which can help them on their daily needs.

[Ethan151]

You’re absolutely right when it come to bitcoin improvement and benefits in Africa but I will want to know if you took you statistics in West,North, Southern or Eastern Africa. Like you said correctly that Africa is underdeveloped and poor and we all know that we can’t access bitcoin if we don’t have money.. do you think that the growth of bitcoin isn’t one sided ( only the rich in Africa that are benefiting from it).
 How can the poor also benefit from bitcoin without financial support?

[Dunamisx]

Africa is ranked third from the global statistics as well as Nigeria ranked third country in the world.

Global statistics of bitcoin crypto users as at year 2021 in their hirarchy.

Asia 160 million
Europe 36 million
Africa 32 million
North America 28 million
South America 24 million
Oceanic 1 million

Top 5 countries

India (100 million)

USA (27 million)

Nigeria (13 million)

Vietnam (5.9 million)

United Kingdom (3.3 million)

Source:
https://triple-a.io/crypto-ownership/

Its indeed evident that Africa is contributing great to numbers of users on a daily increase and bitcoin has indeed bless them real good.

[Kelvinid]

You’re absolutely right when it come to bitcoin improvement and benefits in Africa but I will want to know if you took you statistics in West,North, Southern or Eastern Africa. Like you said correctly that Africa is underdeveloped and poor and we all know that we can’t access bitcoin if we don’t have money.. do you think that the growth of bitcoin isn’t one sided ( only the rich in Africa that are benefiting from it).
 How can the poor also benefit from bitcoin without financial support?

Rich people have huge opportunities while poor people are less fortunate, that was the sad reality. Whether which part of Africa that OP has been pointing out, all of us were still have the chance if we want to. Whether you are rich or poor, investing in Bitcoin seems a helping opportunity for all of us to improve our living.

If we are afraid of taking risks, nothing will be able to change. Even saying you are poor, you will remain in that position if you decline this thing (Bitcoin investment).

[Trojane]

Yes, I agree with you....
Most of us weren't up and doing but this platform has made us out ; for the ones that have made out time to work effortlessly, they've also gotten a few bucks that hasn't totally catered for thier needs but has atleast put a square meal on their tables and supported them in shopping new clothes for themselves.
I'm very grateful for the manifestation of this splendid inventory, all thanks to Satoshi

[CryptopreneurBrainboss]

Some of the points you listed aren't valid considering Bitcoin isn't a company but another currency out there although it's special than the rest. Without individual and firms developing companies around Bitcoin it wouldn't be of any benefits to the youths you speak about. Bitcoin isn't employing anyone, this is just like saying Bitcoin is the key to uplifting counties in Africa. Bitcoin through companies and platforms that accept the currency creates this opportunities.

Without platforms for exchange we won't be able to trade our Bitcoin and without the forum we won't have signature benefits etc. Excluding investment that has to do with buying and holding bitcoin the rest points you listed are debatable in respect to the title of your thread which is bitcoin employing the youth although I understood the point you were trying to proved.

Still on the topic will you say Bitcoin employed the youths into scamming as well? With the raised of awareness of the currency and having to see its advantage, the continent at large saw an increase in fraudulent activities but we can't put that on bitcoin.

[Uang_kartal]

  all of them can rise and I hope to be more advanced. this-the reason.in my country also cover about
this about bitcoin happening in africa.
  we are faced with digitalization and it is undeniable that bitcoin can entertain investors well, other countries will also want to adopt bitcoin with insight with knowledge and risk as well,how flexible crypto/btc is of course that does not have fiat money with its decentralization, I salute and appreciate this point, especially this point,

~Snip~ BITCOINTALK SIGNATURE CAMPAIGN
Bitcointalk being a bitcoin forum created by Satoshi has given a few Africans the opportunity to earn bitcoin by promoting some companies in the forum.
Bitcoin has brought liberty to Africa.

  it's phenomenal and all people can get bitcoin/free for free just without liking the weather, just following the bounty and forum, hopefully more people will know and want to learn for an income on the forum.

[Ryker1]

~Snip~ BITCOINTALK SIGNATURE CAMPAIGN
Bitcointalk being a bitcoin forum created by Satoshi has given a few Africans the opportunity to earn bitcoin by promoting some companies in the forum.
Bitcoin has brought liberty to Africa.

  it's phenomenal and all people can get bitcoin/free for free just without liking the weather, just following the bounty and forum, hopefully more people will know and want to learn for an income on the forum.

Well, it is a sad fact that the forum will become a source of income for most users which is not supposed to be.
We are here in the forum to learn and discuss further progress of bitcoin and blockchain and that is our primary and objective goal here while earning is a secondary one which is good if we earn and also good if it is not. What if a signature campaign will stop so you are no longer here because you will not earn free bitcoin? However, bitcoin really helps in a different way and there are different ways how to earn on it for free but keep in my that we should learn first about it as our protection while having this crypto asset.

[Uang_kartal]

~Snip~
Well, it is a sad fact that the forum will become a source of income for most users which is not supposed to be.
We are here in the forum to learn and discuss further progress of bitcoin and blockchain and that is our primary and objective goal here while earning is a secondary one which is good if we earn and also good if it is not. What if a signature campaign will stop so you are no longer here because you will not earn free bitcoin?

  I agree with you, until this very second, many have quit the forum, maybe it's not just that there aren't any free/selegit bitcoins in the past, because this crypto area is quite wide, not only the signature includes several other promotions that companies need that are easier to get but I myself prefer here (forum) more technical and experience is needed to share,
  that's a good goal bro, we all have careers in forums, indeed the goal is to advance and review a discussion so that it is not raw and can be enjoyed by all users. Between choosing it depends on the character of all users, knowledge/experience can happen outside the forum and shared in fprum I think it's very balanced, I'm grateful to satoshi and all the team in it who make this forum so big and profitable,

[Zilon]

. These problems made an average African youth to be inferior to his foreign mates. If the youth try to involve in international trade, they will pay high fees.  If they decide to save their money in their country’s weak currency, it will keep depreciating. An average African youth was financially vulnerable until bitcion brought liberty.
I will discuss how African youths earn a living from bitcoin.

Despite the under development and poor infrastructure Africans still have this hidden skills that echos across the world if brought to lime light. One of the limitations Africa face is lack of human empowerment but thanks to David chaum the founder of the first digital currency even though it failed but his innovation brought about the impact we feel today,thanks to Satoshi for Bitcoin we all benefit from today and other crpto currency founders who have made the
Opportunity open to the world and created a way of earning passively.

FREELANCING
Bitcoin has given Africans with skills the opportunity to earn by creating bitcoin related contents, bitcoin digital marketing, SEO and more.

BITCOIN MINING
Many African youths did not discover or involve in bitcoin mining at the early stage that it was more profitable. The youths are now joining mining pools with whatever hash power they have to make a living out of it.

BITCOIN INVESTMENT
The buy and hodl has enriched many Africans, especially these few years that bitcoin made some successive decent bull run.

BITCOIN TRADING
This is the most popular way Africans make money from bitcoin. Trading has empowered many African youths. But the risky nature of it like trading altcoins, future trades made trading very scary to newbies and they lose money. You need skills to win here.

BITCOIN PAYMENT GATEWAY
Now that many companies are accepting bitcion as payment for online services, Africans that can create payment gateways for companies or help people purchase things on amazon, are meeting ends from bitcoin.

EXCHANGES
The problem of buying bitcoin with fiat or selling bitcion to get fiat is solved in Africa by Africans and they make money from the exchange fees.

BITCOIN LENDING
Lending bitcion to people with some percentage interest is another opportunity that Africans earn from. Traders borrow from lenders, trade with it and make profit and it becomes a win-win situation for the lenders and traders.

BITCOINTALK SIGNATURE CAMPAIGN
Bitcointalk being a bitcoin forum created by Satoshi has given a few Africans the opportunity to earn bitcoin by promoting some companies in the forum.

Bitcoin has brought liberty to Africa.
Translation: Nigerian Local Board (pigin)

Of all available opportunities mining is more tudious and very demanding and due to power instability there would be limitations to Africans having a good mining pool. Other options can be easily achieved with a good knowledge about how they all work

[Oshosondy]

it's phenomenal and all people can get bitcoin/free for free just without liking the weather, just following the bounty and forum, hopefully more people will know and want to learn for an income on the forum.

With signature campaign, bounties and many like that, you will be given a task to do before you will be paid, not getting bitcoin or altcoin free, you will have to work, if your work is not complete, no payment.

Of all available opportunities mining is more tudious and very demanding and due to power instability there would be limitations to Africans having a good mining pool. Other options can be easily achieved with a good knowledge about how they all work

This is what I am thinking too, that crypto mining is not Africa thing, only few will be mining in Africa, they will prefer to invest. There are few countries that will prefer to be mining bitcoin, these are countries with cheap electricity which mining will be profitable, countries like United States of America, Kazakhstan and Russia which are not African countries.