Willing to invest on bitcoin but having some challenges.

[jayce]

Not sure why no one asks this but I'm really curious, where is Minama?

If I'm in your situation, I'd better focus to get the electricity source first as this is one of the most vital things we need in our life along with food, water, and clothes. Once you have all of them, then you can start to invest on any asset you like. It's just not right to have bitcoin but not electricity, unless if you want to recharge your devices in neighbour house everyday. Iirc you also ask in the other thread that it's possible for a secondary school graduate to invest in bitcoin. Well unlike bank, you can start to buy your first bitcoin in any situation, as long as you have something to trade for it.

[Kasabus]

Your will is really driving you to learn more. It must be difficult for you, but I am shocked that you've found bitcoin and are starting to learn from it, even if you are in a remote area. What I've suggested to you is that you download a pdf about Bitcoin by searching on Google, as it can save you more battery than always opening your internet. Try to read it. Though I know you want to access the forum to learn, it is difficult in your situation. You can just browse the forum when you have internet access, so make it count. read as much of the thread.

I admire your high willingness to learn, and this situation now makes a great challenge for you on how to learn and invest in bitcoin despite of no electricity at your own area. But I trust you that you won’t quit in the end as bitcoin will always be a good and profitable investment, you just have to learn it the right way and be aware of its risks before you finally decided to entrust your money into bitcoin. In the end, even if you lose, you can still re invest until you succeed.

[Yatsan]

Would be hard to be honest especially if it is circumstances which is the main factor which prohibits you. If forcing through would consume that much of effort, then that would solely depend on you whether to continue or not. Also, investment is not limited in this industry; it is everywhere. You may choose to look around you and look for an alternative which would be more efficient on your end. This is somehow a misconception on investment field; many people would only look on a single perspective and not on the industry in general. Indeed this industry is profitable but if you'd be limited in some aspect, maybe pushing through won't be the better option.

[Vaculin]

I live in an iland called MINAMA, over here there is no electricity, major road, or boreholes we all use the water from the river and it's affecting us, but that's not my problem,  my problem is I'm not always online on this forum because there is no light and no were to charge my cellphone so I always manage my battery. The only place am charging my phone is my neighbor's place, now am tired of going there to charge my cellphone, so what will I do so I can be more available on this forum?
(....)

There are a lot of ways to learn. If you want to learn you will always find ways. The best example for your case is you can download some lessons like videos/articles/e-books so that will be available offline, using less internet could help to save more of your battery.

About Bitcoin, since you are beginning, it's tough early. But if you are just consistent and dedicated it is really fun to learn how Bitcoin works or what really Bitcoin is. It's really high advisable to learn the basics first, read, listen, and watch lessons on Bitcoin, it will help.

Where there’s a will, there’s a way, so keep doing what you think is right and focus first on learning everything about bitcoin as storing offline information is always possible. That way, your battery won’t be compromised and when you think you are ready to start bitcoin investment and purchase a small portion, just trust yourself that you can do it and trust the process. No matter how hard the challenge, you can overcome it along with your endless will.

[so98nn]

I think it is both risky and profitable for this guy to invest in the bitcoin. Imagine if he buys bitcoin today by connecting in favourable conditions but somehow goes dark for next couple of months. Let’s assume he bought at 20k mark and when he returned online after getting favourable conditions and saw that bitcoin has gone above 50k USD. Imagine his happiness and fruit for his “cold storage”.

But, obviously we know very well that crypto does not work like that all the time. The reverse condition is also true in this regards where he could have had opportunities to sell at higher prices but by the time he reach his wallet it could be reversal of the same.

I think stability and connectedness to the internet is vital part here.

[serjent05]

Not sure why no one asks this but I'm really curious, where is Minama?

A little search and google will tell that Minama is in Nigeria.  Here is a some details about the place : https://nigeria.places-in-the-world.com/9123618-place-minama.html

If I'm in your situation, I'd better focus to get the electricity source first as this is one of the most vital things we need in our life along with food, water, and clothes. Once you have all of them, then you can start to invest on any asset you like. It's just not right to have bitcoin but not electricity, unless if you want to recharge your devices in neighbour house everyday. Iirc you also ask in the other thread that it's possible for a secondary school graduate to invest in bitcoin. Well unlike bank, you can start to buy your first bitcoin in any situation, as long as you have something to trade for it.

I agree that she needs to focus on the electricity, if solar panel is a bit hard to install at @OP's place then he can just buy a generator for her electricity.  I wonder if the internet is available in @OP's place.

I think it is both risky and profitable for this guy to invest in the bitcoin. Imagine if he buys bitcoin today by connecting in favourable conditions but somehow goes dark for next couple of months. Let’s assume he bought at 20k mark and when he returned online after getting favourable conditions and saw that bitcoin has gone above 50k USD. Imagine his happiness and fruit for his “cold storage”.

Risk is always there in every investment but I think if @OP plan is to hold for a long time then there is a huge chance that @OP will be reaping a good profit from investing in Bitcoin.

But, obviously we know very well that crypto does not work like that all the time. The reverse condition is also true in this regards where he could have had opportunities to sell at higher prices but by the time he reach his wallet it could be reversal of the same.

I think stability and connectedness to the internet is vital part here.

In times of buying and selling obviously internet is one of the vital part, but you cannot power anything without electricity so @OP should prioritized the electricity problem.

[Rockson1]

This is a very difficult experience in life living in rural areas just as you said is not easy for once life in this modern world where technology have taken over the whole global world, I really fill for those people living in that areas where their is no electricity, no go Water, no good roads,please my advice to you is that fine away and come to the urban areas and have a rented apartment even if is a friend or relations living in the urban areas call them let them know how u fill OK,talking about investing in crypto currency is a good  idea but what matters is that don't invest what u don't have invest little as a new beginner, I am also a knew beginner but I just invested last week now am a member of bitcoin club though is a little money I invested as for start but still wants to invest more they said a journey of a thousands miles begins with a step so don't be carry away buy bitcoin curiosity take time and plan your self very well OK and u sound like a girl is like you're a citizen of Nigeria you are welcome to this forum OK.

[Wiwo]

First, you will need to take proper account of your financial state and when you are talking about bitcoin invesmenutou must also understand the risk factor and long waiting time for that investment to mature and as a matter of fact, don't see Bitcoin as a means to get rich quick but take bitcoin as a project with a framework that can adopt anyone and suit the financial needs.

-But the way you chose to take Bitcoin has its resultant effects and advantages, but having the sole aim of becoming rich through bitcoin investment could get your motivations drained faster.

[ethereumhunter]

How have you been making money so far? If you can earn through work, you can set aside a small amount of your salary to buy bitcoins when you are off the island, in places that provide internet, or at your friend's house.

This is a challenge for you and I'm sure you can try to beat that challenge to get a better future. Don't make this an obstacle; instead, this is the path you must go through because the process is like this. Keep believing that you can, even though there are challenges like this.

You don’t have to keep online all the time so you can invest in bitcoin. Just increase your knowledge first about bitcoin and crypto community whenever you have time to search on the internet, or download them so you can still continue learning offline. And if you are really willing to take the risk, then start saving some spare money from your present job and buy a portion of bitcoin whenever you have available funds. You can do it even at your neighbor’s house or when you go to a place where internet is available. That way, once you succeed from your bitcoin investment, you can pay for the installation of electricity and continue on your bitcoin journey.

That's what he has to do along with investing in bitcoin so that the investment value can increase over time and he can have more bitcoins. And having more knowledge about bitcoin can make him understand more what to do and what not so that it will be beneficial for him in investing in bitcoin.

As for a plan on when he needs to invest in bitcoin, I think he can start monthly and take a bit of his salary to allocate as an investment fund. By saving in bitcoins every month and doing it continuously for this one year, I think he can get a decent amount of bitcoins he can sell when the bull run comes.

[akuntester1]

Ever since I join this forum I have learned a lot about bitcoin and how people become rich through bitcoin investment, I am very much interested in bitcoin investment and I am willing to invest no matter the risk.

You are a persistent person bro, it is not easy if we are all in your current position with all the limited access.
I don't mean to discourage you, but in my opinion learning a lot is not enough to become rich, there are many influencing factors.
Please keep thinking rationally and realistically that getting rich and successful from crypto is not as easy as we see friends.
Remember what you see is only limited to other people's success stories, but you will never understand what they have gone through and maybe how much they lost before success in crypto.
Make the success of other people in the crypto world as your motivation to continue to be creative and work hard, not just as a hope that is done without real effort.
Continue to increase your knowledge and set aside a few percent of your money to invest in crypto.
Make a plan and use the money you have wisely.
Hopefully someday you can become one of the successful people bro.

[justdimin]

It will come back to each person's goals because if they really want to invest in bitcoin, they should be able to take the time to learn more and try to apply it through analyzing exercises when investing.

It won't be easy to understand a situation like this but I'm sure that we can understand the market with a will. We don't need to follow like-minded people who want to get rich quickly from crypto because it is very difficult to achieve, especially if we are still in a situation like now. It's better if we learn more, practice analyzing, and try to buy at low prices because when the price goes up, we will definitely get big profits.

That type of understanding doesn't come cheaply though, that is what I wanted to say. It's something that comes with time and unfortunately there are way too many people who have absolutely no idea how any of this works and that causes a bit of a trouble. I know that it is not going to be as easy of a situation as people think it will be, but that is literally the situation we are in right now.

Just buy it when it's cheap, hold it until it goes up, and you will be rich. Imagine all the people who got in during 2018 when it was cheap, waited until 2021 when it peaked, and sold at that time, those people made insane amount of profit and yet not many people take them as an example.

[Cantsay]

And I'll also advice that you set up a small business I'm your locality and from each month's profit invest in Bitcoin don't just go all in on Bitcoin if you do you're going to regret it before you know.

Bitcoin investment or opening a small business are both risky, if he has no experience and skills, opening a business will be more risky than investing in bitcoin. What he needs to do is not invest all his assets in bitcoin and diversify so that he has no regrets. Business is not as simple as you think, just open it, and you will be profitable monthly.

Opening of business is still a pert of the diversification, you can't just expect her to just go into an exchange and starts buying different coins all in the name of diversifying. Op still needs to do research on what to diversify to, investing in Bitcoin and also starting up a business would be great because that way you can leave your Bitcoin without even touching it and be using whatever you realize from your business. And yes I know starting a business is not a easy job but still I believe it will be more profitable depending on what Op decides to go into.

[ethereumhunter]

It will come back to each person's goals because if they really want to invest in bitcoin, they should be able to take the time to learn more and try to apply it through analyzing exercises when investing.

It won't be easy to understand a situation like this but I'm sure that we can understand the market with a will. We don't need to follow like-minded people who want to get rich quickly from crypto because it is very difficult to achieve, especially if we are still in a situation like now. It's better if we learn more, practice analyzing, and try to buy at low prices because when the price goes up, we will definitely get big profits.

That type of understanding doesn't come cheaply though, that is what I wanted to say. It's something that comes with time and unfortunately there are way too many people who have absolutely no idea how any of this works and that causes a bit of a trouble. I know that it is not going to be as easy of a situation as people think it will be, but that is literally the situation we are in right now.

Just buy it when it's cheap, hold it until it goes up, and you will be rich. Imagine all the people who got in during 2018 when it was cheap, waited until 2021 when it peaked, and sold at that time, those people made insane amount of profit and yet not many people take them as an example.

As long as he is willing to put in the effort to understand how the market moves, he should be able to gain knowledge of how. But most people feel unable to learn more details because the understanding process doesn't come quickly but gradually. That's what causes many people to fail to become professional traders.

But if he wants to be an investor, maybe analyzing the market will not take too long because all he has to find is a low price to buy and he can buy gradually. And if we can buy at a lot of low prices, we can certainly sell when the price peaks to make a big profit. That is the appeal of bitcoin for investors with the patience to wait.

[yudi09]

<snip>

First of all, I appreciate your efforts in making this therad if what you said is true.
If you live in an area where there is no electricity and main road access, can you access the internet?

Internet is the main point for those of us who want to invest in Bitcoin. Next, we think about what are the positive and negative impacts behind the investment you want to make in Bitcoin.
This relates to the conditions of your area as you described. I hope you are not making up stories when writing this topic.

[jayce]

A little search and google will tell that Minama is in Nigeria.  Here is a some details about the place : https://nigeria.places-in-the-world.com/9123618-place-minama.html

I did google it but only found Minna and Minima. After you mentioned Nigeria, I found it! Thanks for your answer.

I agree that she needs to focus on the electricity, if solar panel is a bit hard to install at @OP's place then he can just buy a generator for her electricity.  I wonder if the internet is available in @OP's place.

I'm also curious too, when normally internet connection is unavailable or hard to access when there is no electricity. But yeah bitcoin is accessible for anyone and anywhere, and hopefully he could invest some.