BTC awareness

[Mr.suevie]

Bitcoin is really pulling waved all over in Africa and most people who are exposed to it are really breaking out of the financial entrapment they have been in some many years by the government controled fiat currency.

Me myself i have been through hell trying to save money in my fiat currency and instead of the banks to be securing your money instead in my place here the banks actually cut your money and destabilized your whole plan you have for that money. But the awareness i have seen so far about this bitcoin innovation in my area is really something else its like everyone around me has exploded in saving their money in bitcoin which I still don't how its operate but am curious and interested in finding out more so i was directed here for more exposure by a friend and am hoping am going get everything right here about this massive awareness in my area about bitcoin.

[CryptoPanda]

Welcome to the forum. Read the forum rules to make your experience here easier
https://bitcointalk.org/index.php?topic=703657.0#post_rules
I can’t say I’m surprised that more people are learning of bitcoin and bitcointalk forum, judging by the work I see on the forum about forum members in Africa spreading the bitcoin gospel to their family, friends and anyone who cares to listen. Even the newbies are in a haste to teach bitcoin to others so I can only hope the awareness you got was the right one.

Bitcoin is really pulling waved all over in Africa and most people who are exposed to it are really breaking out of the financial entrapment they have been in some many years by the government controled fiat currency.

Fiat isn’t the cause of poverty just as bitcoin isn’t going to make you rich, you need fiat to buy bitcoin. Even though you say your friends are all saving their money in bitcoin, you should know that bitcoin is volatile, saving $1000 in bitcoin right now can turn to $990 or 1080 the next day.

[boyptc]

Start with those people in your neighborhood personally so that you'll have the idea easily and they'll teach you hands on. But if you want to have an idea, we've got stickied threads on this board to begin with.

Like this one for wallets --> https://bitcointalk.org/index.php?topic=1631151.0

I think that's a good start to know more where you should keep your soon to be bitcoins.

[aysg76]

~snip~

First of all welcome to one of the oldest and legitimate bitcoin discussion forum where you can get abundant of knowledge regarding bitcoin and you can also educate others about the same.As directed above you can have a look at the rules and regulations of this forum so you don't violate any of the rules and can continue your journey here without any worry.

We already have CAR accepting bitcoin as legal tender but don't have the exact reports of how well the conditions are there.No doubt when you learn about bitcoin and financial freedom you automatically feels how the central chain of authorities and the banking system are curbing us and putting us in fiat trap but bitcoin breaks all of it and enlighten us to path of freedom.

But speaking frankly if you say keeping your money into it then we must be familiar with risk associated with it like volatility so you should have in mind that investing for long term is beneficial.The wages are not so high and you must plan wisely the amount you are willing to invest or risk the amount you are willing to loose in it.You can also have DCA approach which means investing periodically the fixed amount like weekly, monthly or quarterly for long term and you will learn about it.The next thing is keeping your funds safe in non custodial wallets or hardware wallets which are expensive but your funds are safe unless you are not responsible.These are some things which I am guiding you while bitcoin investment but you will learn a lot with time.

So now if you are interested about learning bitcoin then you can watch these videos from Andreas Antonopoulos which will guide you in effective manner

You can browse through various threads on forum like this  one from @fillippone to have knowledge about bitcoin and rest depends on how much dedicated you are to learn about it.

Now as you said you are from Africa then we don't have any local board for it but if you are looking to communicate with same community you can start a thread in Other boards

Best wishes and hope there is bitcoin boost and adoption among your African community and you live better life.

[Coyster]

Bitcoin is really pulling waved all over in Africa and most people who are exposed to it are really breaking out of the financial entrapment they have been in some many years by the government controled fiat currency.

If the financial entrapment is about government control, then quite rightly Bitcoin affords its users the freedom and control of their funds that's in the network, but if your statement connotes that Bitcoin is making these people rich, then mind you that Bitcoin is not a get rich quick scheme, but a sustainable long term project, and except these people are early adopters, they'll have to be patient for quite a long time to reap ROI on their investments.

Me myself i have been through hell trying to save money in my fiat currency and instead of the banks to be securing your money instead in my place here the banks actually cut your money and destabilized your whole plan you have for that money.

Bank charges are somewhat normal, but btw if you intend to save your money in the Bitcoin network, ensure you do it the correct way, do not save it in a centralized exchange, but in a wallet that only you has the keys too, mind you: not your keys, not your coins.

But the awareness i have seen so far about this bitcoin innovation in my area is really something else its like everyone around me has exploded in saving their money in bitcoin which I still don't how its operate but am curious and interested in finding out more so i was directed here for more exposure by a friend and am hoping am going get everything right here about this massive awareness in my area about bitcoin.

There is a rule of thumb that you shouldn't forget, and that's to invest only what you can afford to lose, thus as you save your money in the Bitcoin network, mind you that you should do so with a money that you can afford to lose. Having said that, Bitcoin awareness is becoming a thing, but people are not massively saving their money in Bitcoin like you say, they still trust the bank because many haven't acquired the knowledge of being their own bank, and as a noob that you are, it is much better for you to leave your money in the bank for now, and when you've understood how to use the network you can then gradually build up your Bitcoin stash.

[fillippone]

Bitcoin is really pulling waved all over in Africa and most people who are exposed to it are really breaking out of the financial entrapment they have been in some many years by the government controled fiat currency.

Very nice to hear from you. User adoption is growing in Africs, as Bitcoin just works and fixes problems. Bitcoin adoption will come from Africa and other nations of the developing world. Bitcoin adoption will come from the people deciding to adopt it, ditching their local shitcoins. Mass adoption won’t come from the top, not from an ETF, not from a bill in posing it as legal tender.

Well done, and welcome to the forum!!

[JoyMarsha]

But the awareness i have seen so far about this bitcoin innovation in my area is really something else its like everyone around me has exploded in saving their money in bitcoin which I still don't how its operate but am curious and interested in finding out more so i was directed here for more exposure by a friend and am hoping am going get everything right here about this massive awareness in my area about bitcoin.

It's a smart idea to consider joining people around to save money in bitcoin, but before you do that, have you tried to comprehend how volatile the cryptocurrency market is from them for an explanation? The price fluctuation of bitcoin price.

Due to bitcoin's volatile nature, I wouldn't suggest that you join your friends to start saving your money in it, if not with your spare money you should invest.

Since the market is unpredictable, Bitcoin should only be used as a tool for long-term investments rather than for storing your life's savings. Invest in what you can afford to lose

[sheenshane]

It's interesting, I saw a lot of threads now that come from newbies who have an interest in Bitcoin, it might this was the result of those threads also that created teaching in their neighborhood or in church.

Welcome to the forum and you're in the right place to learn about Bitcoin, just read all sticky threads (pinned post) here.  Just keep reading until you'll learn, as a newbie, it's ideal to spend more time reading than posting here in the forum.

Understand what investment you've in because Bitcoin is very volatile and every now and then it will fluctuate and it might one day you'll confuse seeing your portfolio lose its value.  Bitcoin is the best investment, when it comes to savings it means it's a long-term holding and Bitcoin is very suitable for that choice.

[CryptopreneurBrainboss]

Bitcoin is really pulling waved all over in Africa and most people who are exposed to it are really breaking out of the financial entrapment they have been in some many years by the government controled fiat currency.

Compared to when I got involved in the space, truely bitcoin has had some massive influence in the way of life of every enthusiast that have involved themselves with the currency in Africa. Also on the forum the inflow of Africans and those willing to write about what's happening over here has increased as well. It gives me joy seeings all this which only points to one direction that Bitcoin is truely here to stay.

As for savings with banks, I don't know much about other western world but in general it's not advisable to save your money with banks since inflation will eat alway all the profits you'll be expecting. African banks typically are horrible, at every opportunity they get they'll want to take money away from you even when you open an account with them just for saving of your money.
Stick with Bitcoin buddy, you're better off hoarding money in Bitcoin than the banks, ignore the volatility of the price, long term you stand to benefits as Bitcoin is design in a way that the price will keep increasing provided the demand is present.

[Zanab247]

Bitcoin is really pulling waved all over in Africa and most people who are exposed to it are really breaking out of the financial entrapment they have been in some many years by the government controled fiat currency.

This is the type of good news people what to hear about Bitcoin, because it was created to improve any government that make it legal and also help the citizens to escape  slavery of third party in the country which many bitcoiners wish to see all over the Africa. This is a welcome development to Africa, and I believe Africa governments will do everything possible to create a good environment for bitcoiners so that they will spread Bitcoin in all areas in the communities.

[Rruchi man]

so i was directed here for more exposure by a friend and am hoping am going get everything right here about this massive awareness in my area about bitcoin.

Welcome to this forum, you will definitely discover the forum to be very good for you depending on how serious you take it.  If you are looking for where to have knowledge and feel togetherness with people of common interest in bitcoins, you are in the right place. kudos to the people championing the awareness on bitcoins in your locale, the good job that they have done is what has enabled you and others to know that there is a freedom like bitcoins.

Me myself i have been through hell trying to save money in my fiat currency and instead of the banks to be securing your money instead in my place here the banks actually cut your money and destabilized your whole plan you have for that money.

Banks charge unnecessary fees that they deduct when they like because they have access to your account, they care less about the purpose of any money you keep with them, whether every dime counts for the purpose the money has been kept.

[nakamura12]

It is true that some people got out of that situation but before that will happen is that they undergo in a learning phase or training of some sort. To be clear, you have to be knowledgeable in this field before you start earning. There are different ways, different platforms where you can choose to earn and most of it needs certain skills before you can work there and earn. This forum is the right place for you to stay and have discussions with other people regarding cryptocurrency and other crypto related topics. Welcome to Bitcointalk forum mate.

[Aanuoluwatofunmi]

But the awareness i have seen so far about this bitcoin innovation in my area is really something else its like everyone around me has exploded in saving their money in bitcoin which I still don't how its operate but am curious and interested in finding out more so i was directed here for more exposure

This is a forum specifically designed for bitcoin discussion in every of its aspects applicable to you and you can start up with something good from here for a background and then learn continuously from the internet and books that were written about bitcoin, we have section by sections here, the local language board is another place you can mingle and interact discussion together with your country members that speak your dialect, learn and grow steadily with time, don't rush yourself, be active and read all the forum's rules and regulations and you're free to express yourself, be active and have it in mind that you're learning today so you can taught others tomorrow.

[Accardo]

Me myself i have been through hell trying to save money in my fiat currency and instead of the banks to be securing your money instead in my place here the banks actually cut your money and destabilized your whole plan you have for that money.

At first glance, this sentence has a long term saving tone, but the end dulls the impression of hodling in bitcoin. Because the price volatility can as well destabilize your whole plans for a moment, and definitely restored the lost money after the winter. Unlike banks. I'd advise you to stick to saving long term with bitcoin, so that you'll profit more or better go for USDT. Happily, it's a perfect place you've found yourself. Soon all these financial challenges stated on your thread will be out of date, as you read the forum it'll unveil financial solutions; savings, asset management and most of all wisdom. Hence, it's high-time people enjoyed their sweat, and take full custody of their funds. Instead of working for the banks to invest on their businesses, and make profits out of other people's hard earned cash.

[DaNNy001]

Its really great news to see that bitcoin is spreading like wild fire all over the world and its even better to see that people who are been exposed to this technology are willing to know more about bitcoin.
Op, welcome to the forum and you are just in the right place to learn more about the whole crypto space and be sure to take your time in understanding the whole concept of bitcoin before making any hasty decision about any kind of investments in crypto.

Bitcoin as you have already been told is a volatile currency meaning the price rate of it always fluctuate and in a matter of seconds you can be affected greatly and also you can profit likewise from that same time range, so i would advise if eventually you  are going for any investments any time sooner you should go for a long term investment

[Resident coin]

Speaking of bitcoin awareness, the use of cryptocurrency in africa has recently increased dramatically and some researchers have been made and it has been realised that African countries are among the top countries in term of bitcoin adoption.
Some countries in Africa are rapidly using fiat currencies to purchase bit coin because of the growing population of bitcoin in Africa. So many merchant have now accepted bitcoin payment as bitcoin adoption grows and am very sure that the use of cryptocurrency will become a standard world wide.
But come to think of it ,there are still countries were cryptocurrencies are not allowed which we need to look at.
The reason some countries hesitate in crypto adoption in Africa and other part of the world is its volatility. This is actually because no one has control over the mining process. Most crypto mining process takes place on personal computers.
Despite all this,the number of businesses accepting cryptocurrency as payment method remains high.
I just hope that the issue of bitcoin volatility would be solved soon because many countries see crypto currency as a way to increase their wealth.

 

[palle11]

It is not a false that banks are doing unreasonable and unexplained charges to money saved with them. Bitcoin awareness is greeted very well because of the inefficiency of bank apart from excessive charges, the third party involvement is a limitation to financial freedom. Keeping money in bank is now realised as support or investment with the bank where you are given very little in return so these discourage banking and create more awareness for decentralised currency.

[Jon_Hodl]

Welcome to the forum!

Bitcoin is used where it is needed most and Africa is no exception. I was reading a metric the other day that Bitcoin adoption is higher per capita in Nigeria than anywhere else in the world.

Looking forward to what is in store for Africa and all of its trade partners.

[Agbe]

The awareness rate of bitcoin in Africa is very high mostly Nigeria in particular. The way Fiat banks are deducting Bankers (customers) money in their various banks is very worrisome. Now to keep money in the bank is not interested by many because of the cutting rate. If you keep $50,000 in the Fiat bank for like 5 months or 10 years and when you go bank and check your balance in the bank, you would discovered that the amount which you deposited has been drastically reduced. So many people instead of using Fiat banks to keep their money they like to use bitcoin wallet to keep which can stay for a very long period and you bitcoin is still intact. It would never reduced. But the amount you will get for the long run will be determined by your country's currency strength.

[Piesel]

Welcome to the forum, I am sure you have read through the rules of the forum and are sure with the knowledge you will gain from tjis forum will help you to enlighten yours forks as you push for Bitcoin adoption in your region.

First, develop your skills in digital assets and freelancing and other related marketable skills, this will help you to impact more on others in your area.