No Invest in Bitcoin When U No Dey Do Anything.

[Mate2237]

This one just like na warning sef, no invest in bitcoin when you no dey do anything to support am because e go affect your investment. If you want to invest in bitcoin at least make you dey do small thing dey get money so that you will not touch the bitcoin wey you don invest. Na this topic dey make me dey create this thread Economy affects Bitcoin investors.. Because of the way bitcoin dey appreciate, everybodi want to invest and thinking that bitcoin go give them big profit for within few months of 3-5 months and dis people e no do anything and just want to depends on the bitcoin investment and thinking to have great harvest in this few months, and within this period, when thing are not going well with them in the side hustle then dem go remember say dey drop money for one wallet and dem no go kill or starve demselves when dey have money somewhere. And when you look at it na true, dem no go starve when there have money in the wallet. So dey will visit their wallets and sell dem to feed themselves. But to say dem dey do something outside di bitcoin investment then im or her go dey buy bitcoin small small every week or month with di money wey im or she dey get from side hustle.

A relative met me today and told me dat she want to invest in bitcoin and I asked her weti she dey do, so that when she starts di investment she no go touch di investment money until years to come and she told.me that na akara nai she dey fry. And she dey save #500 every day and she don save 100k from di capital and she want to invest in bitcoin with di profit and I was impressed. And I asked her how did she know about bitcoin and she said, she saw it in one my comment in a family WhatsApp group and she make enquiry and dem told her dat bitcoin na correct investment so she want me to teach her so she can invest. And I told her that all she needs na Android phone since we no get hardware wallet in di locality. And she told me dat when she buy di phone she go come back to me she she can invest and I told her dat dis is the best time to invest as bitcoin e still dey low.

To Newbies Dat want to Create Threads Always

It has been long I create thread in the local board but I dey make comments steady and this thread was created through the reading and making comments basically from dis thread https://bitcointalk.org/index.php?topic=5472766.new#new so weti I dey tok be say make you no dey in hurry to create threads, read more and in the process you go produce better thread. Good luck to all newbies.

[Charles-Tim]

And I told her that all she needs na Android phone since we no get hardware wallet in di locality. And she told me dat when she buy di phone she go come back to me she she can invest and I told her dat dis is the best time to invest as bitcoin e still dey low.

Make her a paper wallet.

If you have a airgapped laptop device,  you can help her to create a new wallet. Give her the seed phrase and tell her to backup the seed phrase in three locations that are safe.

If you do not have an airgapped device, you can still help her if she trust you and if you can format your phone for her. Format your phone, install Electrum on it from https://electrum.org and verify its PGP signature, copy it on a formated flashdrive that the phone support. Format the phone again, install the Electrum from the flash. Generate the seed phrase, keys and addresses. Tell her to backup the seed phrase and help her to fund the address with the amount that she wants.

If I am the one helping her, I will advise her to use passphrase and I will tell her how she can lose her coins if she lose either the seed phrase or the passphrase and that she should backup both differently in different locations. Having passphrase can be very helpful for her against offline attackers.

[sokani]

Wetin you talk na true, e good make person get another source of income so that him Bitcoin investment go just dey one side dey add weight until the time done ripe make person cash on him investment. But sometimes shit happens, and you no go get any other choice than to sell your bitcoin and solve life problems.

Concerning the person wey want invest in Bitcoin, do well to educate her about wallet security. Even when you recommend better mobile wallet like electrum and bluewallet, she still get role to play to safeguard her investment. Na newbie wey she be, make she no use the same phone dey browse upandan go click phishing link, when dem drain her wallet, she no come dey reason say you play her wayo, so do a good job.

[letteredhub]

Actually it's not only with bitcoin but generally in other areas of investments it's not wise to invest the only money you have into something that has to stay for a year or more before you start making profits. The question is how do you intend to survive within the times, you can't starve while you have money somewhere that's why if you have to invest in bitcoin without you having a sustainability source of income or a skill to make money for your sustainability while your investment grow you would be forced by hunger to sell your coins in a short time even at a loss to feed.  Bitcoin Investment is suitable for people with a source of income that's reliable as they can wait even when the bear market lingers

[Agbamoni]

This one just like na warning sef, no invest in bitcoin when you no dey do anything to support am because e go affect your investment. If you want to invest in bitcoin at least make you dey do small thing dey get money so that you will not touch the bitcoin wey you don invest. Na this topic dey make me dey create this thread Economy affects Bitcoin investors.. Because of the way bitcoin dey appreciate, everybodi want to invest and thinking that bitcoin go give them big profit for within few months of 3-5 months and dis people e no do anything and just want to depends on the bitcoin investment and thinking to have great harvest in this few months, and within this period, when thing are not going well with them in the side hustle then dem go remember say dey drop money for one wallet and dem no go kill or starve demselves when dey have money somewhere. And when you look at it na true, dem no go starve when there have money in the wallet. So dey will visit their wallets and sell dem to feed themselves. But to say dem dey do something outside di bitcoin investment then im or her go dey buy bitcoin small small every week or month with di money wey im or she dey get from side hustle.

A relative met me today and told me dat she want to invest in bitcoin and I asked her weti she dey do, so that when she starts di investment she no go touch di investment money until years to come and she told.me that na akara nai she dey fry. And she dey save #500 every day and she don save 100k from di capital and she want to invest in bitcoin with di profit and I was impressed. And I asked her how did she know about bitcoin and she said, she saw it in one my comment in a family WhatsApp group and she make enquiry and dem told her dat bitcoin na correct investment so she want me to teach her so she can invest. And I told her that all she needs na Android phone since we no get hardware wallet in di locality. And she told me dat when she buy di phone she go come back to me she she can invest and I told her dat dis is the best time to invest as bitcoin e still dey low.

To Newbies Dat want to Create Threads Always

It has been long I create thread in the local board but I dey make comments steady and this thread was created through the reading and making comments basically from dis thread https://bitcointalk.org/index.php?topic=5472766.new#new so weti I dey tok be say make you no dey in hurry to create threads, read more and in the process you go produce better thread. Good luck to all newbies.

This one wey be say you move from the topic wey you create enter another topic to they advise newbie to create better thread why you come create thread wey be say thread wey they like am already exist. If you want they advise people do something, make you try they lead by example. Apart from that thread other thread wey they related they for the local board, most of them full for other board.

I bin dey expect say di thing way you share go fit relate with something way we fit learn from, or something way go fit change how dem dey tink about Bitcoin investment. I no dey yan say wetin you share no good or e no get sense, but if you fit share new example based on your experience, e go helep the newbies and oda people wey dey dis forum.

[Promocodeudo]

Bitcoin is not that kind of investment you do today and withdraws tomorrow, you have to wait for a while, so that when it appreciates in price, you will benefit, the people that needs to be encouraged in thus investment is people that have something doing, because this investment is all about hodling and forgetting, no doubt bitcoin value is high, the question is, how much will an ordinary man invest, the amount will definitely be small, once you have this investment you will feel that you gave arrived, don't think so because anything is possible, my advice is you know that it will tempt you to withdraw your investment get yourself something doing before investing.

[Jegileman]

Wetin you talk na true, e good make person get another source of income so that him Bitcoin investment go just dey one side dey add weight until the time done ripe make person cash on him investment. But sometimes shit happens, and you no go get any other choice than to sell your bitcoin and solve life problems.

Na true you talk so but na why dem dey always advise say make you put money wey you no go use now for bitcoin investment. As you don invest in bitcoin with dat money, make you still get spare one for emergency problem so far you no go touch dis one wey you don put inside the investment. E no easy but make sure say your 1BTC still remain your 1BTC, whether price rise or fall because na dat one go determine how much you fit get when bull run time come.

Concerning the person wey want invest in Bitcoin, do well to educate her about wallet security. Even when you recommend better mobile wallet like electrum and bluewallet, she still get role to play to safeguard her investment. Na newbie wey she be, make she no use the same phone dey browse upandan go click phishing link, when dem drain her wallet, she no come dey reason say you play her wayo, so do a good job.

Good advise for every newbie to know and the OP don give better advise to the newbie wey wan join for the bitcoin community. Na for her to take her security and privacy serious becos if she no do so, dem fit steal fraud her again. Na time for her to go learn more and know basic wallet security as dey don suggest better wallet for her to take save money inside.

[Mate2237]

To Newbies Dat want to Create Threads Always

It has been long I create thread in the local board but I dey make comments steady and this thread was created through the reading and making comments basically from dis thread https://bitcointalk.org/index.php?topic=5472766.new#new so weti I dey tok be say make you no dey in hurry to create threads, read more and in the process you go produce better thread. Good luck to all newbies.

This one wey be say you move from the topic wey you create enter another topic to they advise newbie to create better thread why you come create thread wey be say thread wey they like am already exist. If you want they advise people do something, make you try they lead by example. Apart from that thread other thread wey they related they for the local board, most of them full for other board.

I bin dey expect say di thing way you share go fit relate with something way we fit learn from, or something way go fit change how dem dey tink about Bitcoin investment. I no dey yan say wetin you share no good or e no get sense, but if you fit share new example based on your experience, e go helep the newbies and oda people wey dey dis forum.

Sorry oh if I offended you from the thread but I don't think say there is any off content in the thread. The last part of the thread na just addition wey I decided to add to tell people say let dem no create thread because they want to. Oga me if dem don create this thread just tell me I go lock this one in sharp. Please drop the link of the first thread wey you see say I imitate.

If you feel say wey I tok e no go help you den u no need to tok am because me I know say na better too be dat. If you dey invest in bitcoin and you no dey do anything and only di invest, Oga me e no go work out o. Finally u go chop di money finish. Nai make I say make before you invest in bitcoin you need to do something so that the investment money go save.

[EluguHcman]

And I told her that all she needs na Android phone since we no get hardware wallet in di locality. And she told me dat when she buy di phone she go come back to me she she can invest and I told her dat dis is the best time to invest as bitcoin e still dey low.

Make her a paper wallet.

If you have a airgapped laptop device,  you can help her to create a new wallet. Give her the seed phrase and tell her to backup the seed phrase in three locations that are safe.

If you do not have an airgapped device, you can still help her if she trust you and if you can format your phone for her. Format your phone, install Electrum on it from https://electrum.org and verify its PGP signature, copy it on a formated flashdrive that the phone support. Format the phone again, install the Electrum from the flash. Generate the seed phrase, keys and addresses. Tell her to backup the seed phrase and help her to fund the address with the amount that she wants.

If I am the one helping her, I will advise her to use passphrase and I will tell her how she can lose her coins if she lose either the seed phrase or the passphrase and that she should backup both differently in different locations. Having passphrase can be very helpful for her against offline attackers.

Oga Charles-Tim has in several notes pointed at some helpful possible alternative solutions to bridge the bridge the waste of time and also insighted on educating her on her private keys security measures also considering her yet to get a smart phone.she hasn't got a Smart phone.
So I would be in addy opinion if she would trust, begin the trades for her just as Oga Charles-Tim has suggested.

if there would be a popular saying that the current market value of Bitcoin is low, I would singularly say it is currently on a significant range that has it hovering around a bull-run so I would suggest you key in now and Invest as an advantageous opportunity before a high range of bull run or skyrocket is activated in no time because waiting on her to get the phone may take her some times considering her petty business.

But at it all, don't fail to also talk to her about the volatility of the Bitcoin and the patient demanded if one must achieve its goal of profitablity in the Bitcoin investment.

[Makus]

Op na true wey you talk oo, person wey no get anything doing nor suppose put body first for Bitcoin investment, me I go advise make em use the that time take do enough study and research while em still dey find confirm source wey go dey give am steady money so e nor go slack for em accumulation. Person wey just dey dey rush go buy bitcoin wey no get anything doing wey dey provide money, to me that person na just another trader wey see Bitcoin as rich quick scheme,forgetting na with time Bitcoin take dey bless em holders them.

That your family get mind and I like the fact say she beta thing and she dey try put body with the right approach, at least wen she start her accumulation journey e no go hard her to dey practice DCA for a week, she fit dey put N2500 every weekend for her level first until God open doors for her. Already baba Charles don give advise on wallet the only thing I wan talk na be say make she no go keep her backup for where e go loss oo.

[Mayor of ogba]

Op, this matter wey you talk like this is a real matter, now way be say Bitcoin dey grow and e dey stable too, some people wey no dey do anything go want to invest in Bitcoin make them fit see way thing to sell when bull market go start proper next year. But they no know Bitcoin no be get-rich quickle scheme, Bitcoin now wey thing person go hodl for like 3-4 years before the main profit go comes out. And if they invest in Bitcoin without any means of income hoping say their Bitcoin investment will give them big money in the short run wey they go use it dey alright, without knowing saying Bitcoin no dey work like that. When hunger go holds them and no money for their again to use chop, the first thing wey go comes to their mind now that Bitcoin investment, and the funny part be say they go say to themselves say now person who dey alive fit wait to see money from investment o, they go just sell their Bitcoin investment even when the Bitcoin done drops in price them go just sell am to see money to use chop food.

Op, if that woman comes back for the Bitcoin investment ask her some questions like wey tin she dey expects from the investment and how long wey she thinks the profit wey she wants go fit come out. If she tells you say now 4-5 months she dey expect to see profit from her Bitcoin investment because people wey she know wey dey into Bitcoin dey do well. Then, you fit explain for her say this Bitcoin no dey like that o, now wey thing person go hodl for a long term(4 years) so that she go dey ready for Bicojn investment wey she want to enter into. Just use the safety procedures on how to protect your Bitcoin wallet wey boss Charles-Tim provided for you to guide her.

[HajiBagi]

Na waiting person suppose think before carry yourself go do any kind of investment be this, some people no dey think about how the bitcoin matter be, immediately after them hear say bitcoin get money and E dey get profit na so them go carry mouth come talk say them wan invest too, this your story remember me of one of my guy wey no get work wey him wan invest him inheritance for bitcoin, although he no bad say him wan use the share wey him get as him inheritance from his father invest but my guy no get work, my guy no get work wey be say him fit feed himself after him put all the money for bitcoin investment, I advise am say make him never invest the money, make him use am start up business first and after him be dey get some profit from that him business him fit use am invest so that him go dey do him business and also Invest in bitcoin.

I don't know maybe my advice good for am but as a friend na waiting come my mind wey I think say if him do and if he become successful him go remember say na good advice I give am, also from your story about that madam wey dey sell akara, as she dey interested and also she get mind wey be say she wan invest, I believe she will not suffer of feeding herself because she have a daily work that even bring her money to save, as far say person get money to feed he or herself after investing my brother nothing remain.

[Hewlet]

Na real matters you just yarn so and I want also add say the matter no be only for people when no de do anything but e also concern people when never de financially stable and almost all there money de finish at the end of every month.  before you go fit make better investment for Bitcoin when be say no matter the fluctuation you de see for the price like wetin just de happen now, you go fit hold yourself, e go be say you no de look for quick money and that one go only happen when you de financially stable.

I know say we fit buy bitcoin with as low as $5 but if you want take the accumulation of bitcoin serious you go need hold small money. Na why we de get plenty thread when de advice say make we no take this forum as our office as we go still need to get other things when we go de do when go de fetch us passive income so our knowledge on Bitcoin no go just end here but we too go for follow invest in bitcoin.

[Cryptoprincess101]

This doesn't only apply to anyone that wants to invest on bitcoin but rather anyone that wants to invest their money on anything at all. The mentality that most of us normally have when we are investing on any project is that we are going to make profits. Inasmuch as investment is concerned, our motives before investing our money is with the fact that we are going gain and not lose which is a very bad mentality. When investing on a project or a business we need to think about unforseen circumstances, like the obstacles that we may encounter in the course of making investments as these will make us have a frame of what to do when such circumstance arises and to make provision for alternative incase of such nature.

We all should know that in life, investment is very important as through this investments that we can possibly secure our future because the reason why we make investments is for it to stand as an aid for us in the future or to stand as a way of relief at old age when we will no longer have the zeal and strength to work.

Investing your money on bitcoin while you ain't doing anything is just like keeping your live at risk because all your attention and concerns will be geared towards the money you have invested and bitcoin though has started gaining popularity but no one can predict it's future as anything can happen though we ain't praying for bitcoin to crash but in anything we are doing in life we ought to think both the positive and the negative as it will stand as a guide when we don't get what we want or when things doesn't go the way we expected.

Okay let's take a look at the Mavrodi Mondia Moneybox ( MMM ), when MMM came and people began to see the success others were making from it and they developed interest and started making investments and everything was going well, what most people did was to borrow money, some sold their lands and houses even people that first benefited from MMM even took the money they got from the Ponzi Scheme and their personal savings and fired it to MMM. Now when the Ponzi Scheme crashed, a lot of people were in tears, some people haven't even recovered from the shock till now so no matter how promising any investment might seem to be, never channel all you energy to it as uncertain things are meant to happen in the future so we should invest with caution.

[Odohu]

I don follow for plenty discussion wey resemble this kind matter for the general board and true true, e no dey easy to dey reason investment when nothing gum you, abi na your spirit you wan invest? But the matter be say, e no get how person go dey from year to year wey something no for dey enter him hands once once. Maybe people go dey reason stable income. 

From wetin experienced guys them talk especially some oyibo them wey get eye of investment, you fit still invest in Bitcoin even if money dey enter your hand once in three months. Them suggest say na DCA method be the koko, where you fit dey plan yourself base on say na in three months money go enter your hands. Them put am say you fit dey put even if na just 10% of that money untop investment because if 90% no do you, 100% no go do you. So the best thing na to set aside 10% of every money wey enter your hand, then use am dey invest in Bitcoin.

I see sense for this thing because I notice say some of us wan hammer first before we talk about investing, we dey neglect the power of little beginning and that one no make sense at all. If person decide today say for every money we enter hand, 10% go enter for Bitcoin, before one year, that money go don big wella. Make we try reason this idea sha

[Jaycoinz]

This one just like na warning sef, no invest in bitcoin when you no dey do anything to support am because e go affect your investment. If you want to invest in bitcoin at least make you dey do small thing dey get money so that you will not touch the bitcoin wey you don invest. Na this topic dey make me dey create this thread Economy affects Bitcoin investors.. Because of the way bitcoin dey appreciate, everybodi want to invest and thinking that bitcoin go give them big profit for within few months of 3-5 months and dis people e no do anything and just want to depends on the bitcoin investment and thinking to have great harvest in this few months, and within this period, when thing are not going well with them in the side hustle then dem go remember say dey drop money for one wallet and dem no go kill or starve demselves when dey have money somewhere. And when you look at it na true, dem no go starve when there have money in the wallet. So dey will visit their wallets and sell dem to feed themselves. But to say dem dey do something outside di bitcoin investment then im or her go dey buy bitcoin small small every week or month with di money wey im or she dey get from side hustle.

A relative met me today and told me dat she want to invest in bitcoin and I asked her weti she dey do, so that when she starts di investment she no go touch di investment money until years to come and she told.me that na akara nai she dey fry. And she dey save #500 every day and she don save 100k from di capital and she want to invest in bitcoin with di profit and I was impressed. And I asked her how did she know about bitcoin and she said, she saw it in one my comment in a family WhatsApp group and she make enquiry and dem told her dat bitcoin na correct investment so she want me to teach her so she can invest. And I told her that all she needs na Android phone since we no get hardware wallet in di locality. And she told me dat when she buy di phone she go come back to me she she can invest and I told her dat dis is the best time to invest as bitcoin e still dey low.

This person wey you dey talk na really determine person, I go give am that, because my brother e no dey easy to actually save money from that kind business and no temper with am base on the business you stated and na this kind person go fit actually hold Bitcoin for long because patience and perseverance na watin all Bitcoin investor need and although the business isn't an ideal business but as far as the person involved won't be affected in anyway when saving in Bitcoin then it's all good.

To Newbies Dat want to Create Threads Always

It has been long I create thread in the local board but I dey make comments steady and this thread was created through the reading and making comments basically from dis thread https://bitcointalk.org/index.php?topic=5472766.new#new so weti I dey tok be say make you no dey in hurry to create threads, read more and in the process you go produce better thread. Good luck to all newbies.

Thank you for the advice and I believe we the newbie don take to correction but some of no really understand say no be about creating of thread nai go give you merit because of the thread na just to acquire one or two merit and you no go blame us sha but everything get time and season and I believe with time, we go get to understand this too.

[Abu-Naim]

This one just like na warning sef, no invest in bitcoin when you no dey do anything to support am because e go affect your investment. If you want to invest in bitcoin at least make you dey do small thing dey get money so that you will not touch the bitcoin wey you don invest. Na this topic dey make me dey create this thread Economy affects Bitcoin investors.. Because of the way bitcoin dey appreciate, everybodi want to invest and thinking that bitcoin go give them big profit for within few months of 3-5 months and dis people e no do anything and just want to depends on the bitcoin investment and thinking to have great harvest in this few months, and within this period, when thing are not going well with them in the side hustle then dem go remember say dey drop money for one wallet and dem no go kill or starve demselves when dey have money somewhere. And when you look at it na true, dem no go starve when there have money in the wallet. So dey will visit their wallets and sell dem to feed themselves. But to say dem dey do something outside di bitcoin investment then im or her go dey buy bitcoin small small every week or month with di money wey im or she dey get from side hustle.

Na true talk be dis oo, because na who de alive de invest in bitcoin, you cannot be starving and have bitcoin in your wallet, the best option for you will to sell the coin and take care of yourself and your health.
Having something doing that earn you money is good before kickstarting your bitcoin investment journey so that you can hold your bitcoin for long and gain more profit from the investment.

A relative met me today and told me dat she want to invest in bitcoin and I asked her weti she dey do, so that when she starts di investment she no go touch di investment money until years to come and she told.me that na akara nai she dey fry. And she dey save #500 every day and she don save 100k from di capital and she want to invest in bitcoin with di profit and I was impressed. And I asked her how did she know about bitcoin and she said, she saw it in one my comment in a family WhatsApp group and she make enquiry and dem told her dat bitcoin na correct investment so she want me to teach her so she can invest. And I told her that all she needs na Android phone since we no get hardware wallet in di locality. And she told me dat when she buy di phone she go come back to me she she can invest and I told her dat dis is the best time to invest as bitcoin e still dey low.

That is a good move for the lady, make sure you coach her how to keep her private keys safe and do not leave her bitcoin in an exchange for her, teach her all the basic things she need to know about bitcoin and wallets, and also let her know that bitcoin investment is risky, if she is willing to take the risk. Also let her know that it is not a get rich quick program or investment.

[BIT-BENDER]

Investment planing is actually not that difficult, it's all about planning with your current financial status, if you earn $5 a month and you plan to Invest monthly it would be wise to go for $1 or $2 a month depending on how much you do your spending monthly.
Why many find it difficult is because they don't go into investing according to their pocket, they can even go as far as selling off their properties and making their life hard just to squeeze out something to invest in Bitcoin.

[Fivestar4everMVP]

Very much can relate to all that op have said, have a good source of income outside cryptocurrency is an important factor when it comes to becoming really successful in bitcoin and crypto currency investment, but this is an exception to those who are well skilled at Forex trading, as well as cryptocurrency trading as well, for as long as the party is trading and making profit every day, and the profit they are making can sustain them well enough to not touch that which they have invested in bitcoin, and possibly other crypto currencies as well, then it's completely OK.

What is most important, is to not be idle, if you are idle and buying bitcoin with the little money you should and used for feeding and other basic needs, you may end up selling that bitcoin at a loss in a very short period in time, for bitcoin investment is most profitable in if done with a long term goal or perspective.

[Wiwo]

To Newbies Dat want to Create Threads Always

 
It has been long I create thread in the local board but I dey make comments steady and this thread was created through the reading and making comments basically from dis thread https://bitcointalk.org/index.php?topic=5472766.new#new so weti I dey tok be say make you no dey in hurry to create threads, read more and in the process you go produce better thread. Good luck to all newbies.

This one wey be say you move from the topic wey you create enter another topic to they advise newbie to create better thread why you come create thread wey be say thread wey they like am already exist. If you want they advise people do something, make you try they lead by example. Apart from that thread other thread wey they related they for the local board, most of them full for other board.

I have been thinking say na only me see that content mixing from the ops ooo,  but since the first member that comment didn't point that out and also a few other comments also looked away from that aspect,  so been no wan comment on that,  but now that you get better eye take point that out e come boost my moral to comment.

The thread in its entirety is somehow since I was looking out to see some statistical analysis of what the one means in the thread title,  but then all that is mentioned was just a story of a family member trying to get into Bitcoin.

My advice to the ops based on his second paragraph and on the condition of the family member as mentioned in the ops,  I will advise ops to advise her against investing in Bitcoin and she should use the 100k to advance her current business,  because is not as if bitcoin is a straightforward profit making scheme since anything can happen and we have a waiting period as always in bitcoin investment.

Considering that a 100k Bitcoin investment may really have a long time of waiting to make something good in profits.