What better ways can Bitcoin contribute to the economic situation in the country

[philipabaku]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

[Barikui1]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

My brother, to tell you the truth, I no get direct answer to your question because your question no dy that clear, but am talking base on ur topic, see my brother, just look around you, as long as you get eye you go observe say since Bitcoin and cryptocurrency generally come into existence in naija our country, most of us and other youth in the country done see am and even take am as a source of income, and to be frank, e don make us less dependant on our government for jobs, and I fit tell you say na one major contribution wey Bitcoin and cryptocurrency don make for our economy, because lack of jobs  and hunger dy mostly increase crime rate in the society, but due to the fact say Bitcoin and cryptocurrency don make it possible to earn a living in the country most guy wey for don put hand for one bad things or the other no even think of that direction again because them get something (Bitcoin) wey dy put food on the table.

Secondly,  you know say as our economy dy so, inflation don practically take over everything, so another way we fit preserve our finances in this present economy, na to save our money in Bitcoin, since Bitcoin na that asset wey they appreciate in value overtime, if not, inflation go eat up any money we try save in this present difficult economy, so in essence is that Bitcoin and cryptocurrency generally don impact our economy positively since it came into the country.

[Kelward]

Cryptocurrency in general don help to create jobs for our country, especially for di youths wey be like say dem no get directions before now. E don create avenues for people to become self employed, instead to de go search for jobs wey de very scarce to get. So job creation na one of di biggest ways wey Bitcoin and altcoins don take better our economy, many Nigerians de into crypto trading, some na vendors for exchanges and others de hold cryptocurrency to sale and make profits, Aldo you need to DYOR because of plenty scam projects before you buy, dat na why e de advisable for newbies to hodl only Bitcoin wey be di most reputable cryptocurrency.

You question about how di less privileged fit to take afford Bitcoin, di answer na to buy am or if person reward or gift am to a less privileged person. Di truth be say e no de easy for a jobless person or person wey no get any single source of income to invest or do crypto trading business. Cryptocurrency na profit and lose business wey you fit to lose all your money, except for Bitcoin investment on di long term, so you need money to buy coins/tokens to trade or hold, e no go get head without money. That na why you need a job or skills wey go de give you steady income before you go diversify di money into cryptocurrency business.

[AVE5]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

Naira is loosing its value and so the economy is also falling while a common man is crumbling on survival.
Bitcoin can help to optimize good living for us in the country by people adopting the technology either to trade or to invest on it with the he potentialities of providing us with incomes.
It's an open platform which doesn't restrict the poor to invest unlike some other stock markets may demands qualified persons with a so specification of huge amount of money to begin with. Althoug, it's advisable to always invest with an affordable amount and be aware of the risk potentials.
We also know about the inconveniences of our banks networking systems which accepting bitcoin for means of transactions at payment for goods and services can serve us better.

[Hewlet]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

isn't this too ridiculous? Can we now expect gold, silver or any other asset to in itself help the average people to invest into it just because it is increasing in price? Is that how it works? Sometimes when we talk about Bitcoin we tend to mistake it for a company that owes us the responsibility of helping us out of the situation our stinking politicians whose responsibility is to Carter for the needs of the people can't even do.

Bitcoin is just an asset and a digital one at that, economic situation is first of all your primary responsibility and then that of the government. It's because you're concerned about your personal finance that you're investing into Bitcoin or any other asset of your choice. Your primary source of income is your concern and how easy it is to make it better is what the government can to some extent help you out of it by providing jobs and a convininece environment that's viable for businesses to thrive.  Those aren't what Bitcoin is created to solve.

[Spaceman1000$]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

OP your topic and the body of your message is not correlating, first you're asking about how can Bitcoin help the economy of the country in your topic, while you're asking on the body of your text about the possibilities of the less privilege to be able afford Bitcoin given the hike in the prices of Goods and services, so for me there is a distinct difference between the both of them.

However in answering your question, first you must understand that to invest in Bitcoin you must have some  purchasing powers, and given the current rate of naira against the dollar, the less privilege will have double their effort to see how they can raise some reasonable amount to start their purchase or investment on Bitcoin, at least the DCA method can help out in this situation.

[Y3shot]

Bitcoin may not be playing a direct rope to the economy of the country but their is no doubt  that bitcoin is playing a good role to the economy of people that is investing in it so far. Now wey be say the economy is so bad and inflation is becoming so seriously bad with high inflation,  bitcoin cab be use as store of value for people and this will bring value to people life. Bitcoin is contributing to many people but it is only those that have bitcoin that knows the importance of it in this hard economy.

[nelson4lov]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

Bitcoin wasn't created to act that way. But our government fit do like El Salvador don do in the last few years and that is to accumulate Bitcoin on dips and hold it in a treasury for years. I think that would yield more better returns than whatever returns they currently get from domestic markets and sponsoring unnecessary projects like that Landmark demolition and put it to good use. Lately, German government has been selling off Bitcoin that was seized. If this were to be our country, there won't be any bitcoin to sell as to government offices will just obfuscate everything.

Bitcoin can't directly impact the economy but it can still have an impact on the economy if the cards are played right.

[DaNNy001]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

Bitcoin wasn't created to act that way. But our government fit do like El Salvador don do in the last few years and that is to accumulate Bitcoin on dips and hold it in a treasury for years. I think that would yield more better returns than whstev

That would be a good idea no doubt but knowing this country fully well I know that's definitely not going to happen even in a million years to come . This country is living under the influence of selfish interest of individuals and it's only when that mentality dies off before anything can be implemented or even thought by the government to actually tackle this issue of high level of poverty in the nation.

[Cryptoprincess101]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

To invest in Bitcoin no mean say you must get plenty money first to buy 1 Bitcoin as a whole because I know say as the price of Bitcoin high like this plenty people go dey feel say dem no go fit afford to acquire am again but e get one method wey person wey no get enough money dey use to follow am up now which dem dey call DCA, this DCA dey make everybody to take path dey buy Bitcoin small small for different time e just be like person wey dey throw akawo every week or every month and e get particular amount wey you dey throw for dat every week or month so na so dis DCA strategy be, you go dey buy Bitcoin for the same amount wey you buy am the previous time just dey go but you go make sure say you get other business or work wey you dey do so dat you no go miss to dey buy am wen the time reach and when you dey buy am small small like dat you go make sure say you keep some money wey you go dey take dey sustain yourself so dat e no go make you go sell your Bitcoin when e never mature or when you never make beta profit from am.
        And if you know say you wan begin dey buy Bitcoin small small no feel say na just something wey you go invest and you begin see the profit immediately, na something wey dey take time even e fit take you so many years before you go realize enough profits so e go require you to dey very patient, you fit just dey buy am steady dey keep before you go know you don buy am for plenty quantity wey be say if you decide to sell some of am for future you go make beta profit.

[CryptoHeadlineNews]

My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

First of all, I go like talk say Bitcoin is not government, to make life either easy or hard for the less privilege of any country, or rather is Bitcoin a reward to sympathize those who may have experience tough times in the economy, but rather Bitcoin is just a mere decentralized digital currency, whose duty is to enable seamless inter-continental easy and fast transactions between two or more parties. So the question about "how can a digital currency make sure the less privilege fit afford to purchase am" sounds somehow to my hear, because what I expected you to ask is "how can the less privilege invest in Bitcoin with the small capital they have got" or "what are the opportunities in Bitcoin that less privileges could take advantage of", and not this. So However, I will suggest you go get a job, and then start to invest in Bitcoin with the little capital you can afford either monthly or weekly.

[Ojinga]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

first before Bitcoin fit change the situation for this our country make the government first make Bitcoin to be regulated and centralized, if they do all this that means people will not feel the hardship in the country but currently now those ones who knows about Bitcoin. Are really enjoying it and I think they aren't feeling the pains that much because Bitcoin it's really helping us, and the knew that if they make Bitcoin to regulate that means everyone won't be facing the country condition anymore and they want the cizitens to face the hardship that's why they aren't complying with them.

[Abu-Naim]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

As our country they, na our leaders be our problem, but any new development wey come our youths they use am wella o earn a leaving since depending on government for jobs is not more advisable.

When GSM come, some of our youths get work through phone repairs and any other things related to phone which you will believe me that it has lift a lot of people to become independent; furthermore, when the technology advances, many people start to work with some of the phone companies and they were able to learn and create phones by themselves which is a good thing for our youth because some of us get job through all these telecommunication companies.

Now, Bitcoin don come with another development which is very good because the financial freedom alone they very important; and despite the fact that our government never gree accept am legally, many youths became independent through Bitcoin investment and trading.

The only solution to our economic situation na make government remove selfishness; but if you are lucky to be into Bitcoin and cryptocurrency, you will have defeated these challenges because Bitcoin is a tool against inflation and we all know how inflation has affected our economy and how less valuable our currency is. Therefore, if you are holding Bitcoin, or you are into cryptocurrency, congratulations because I feel you are a step away from all these bad economic hazards even though it is affecting us too, but it is better to be in this phase that to depend on government to keep maltreating us.

[Lida93]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

nah who wan use bitcoin do better thing for him life go use am do, I dey talk like this because it get people wey be say when you talk about bitcoin even for this bright time wey internet dey open for everyone to access them go still the argue am say the thing na scam. Na why I no dey even talk to people about bitcoin now sef.

For this our country now, any person way wise as a young man wether you be graduate or not you supposed get knowledge about bitcoin either as a holder or trader because the next coming years for this country em no go funny for the way Naira the drop for value and how cost of things the go up, and ontop that the government no dey do any thing way go motivate person to believe say e go soon better.

[Rruchi man]

My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

The truth and reality of the whole case are that investing in Bitcoin is not for every individual, even though we like to talk to everyone about it to grab the opportunity. Bitcoin is already affordable, so long as you have a source of income from which you can spare some money to invest. There is no way Bitcoin can become more affordable than it is. People who want to invest simply need to find a source of income and get comfortable with the basic things of life like food and shelter before trying to invest comfortably in Bitcoin.

If you never chop, cun say you wan go put money for bitcoin, you just dey jonze!

[Promocodeudo]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

OP your topic and the body of your message is not correlating, first you're asking about how can Bitcoin help the economy of the country in your topic, while you're asking on the body of your text about the possibilities of the less privilege to be able afford Bitcoin given the hike in the prices of Goods and services, so for me there is a distinct difference between the both of them.

However in answering your question, first you must understand that to invest in Bitcoin you must have some  purchasing powers, and given the current rate of naira against the dollar, the less privilege will have double their effort to see how they can raise some reasonable amount to start their purchase or investment on Bitcoin, at least the DCA method can help out in this situation.

The problem with op is that he fail to make research before beinging such idea here, mate you are in line with what you noticed about the theme not having any connection with the op writeup content, I think is is very important for the op to be prepared before bringing a topice to be discussed.
I think the op should understand that if Bitcoin is for everyone, it is for the interested people who are financially capable of taking up the investment responsibilities although we must not be financially alright before we can start the journey but at least we must have more that $4 so that we can spare $2 for the investment and this should be a continous thing, as for me I don't think that Bitcoin investment is for the less privilege and I have a reason for that, my reason is that less privilege are people that can not afford anything, so how do we expect this set of persons to be able to invest in bitcoin when they barely feed, i tnink it is impossible for that to happen unless there is a kind of miracle in the process.

[CryptopreneurBrainboss]

I greet una my country people. As we all know this our country condition don dey pass be careful, things done dey get out of hand. My question Na how Bitcoin fit take in any way help in making Sure the less privilege fit afford to purchase or invest in Bitcoin through any ways, since we all know the hiking level now.

Go get a real job na wetin fit help the less privileges be that and not Bitcoin. You no suppose dey invest inside Bitcoin self if you no get wetin dey bring additional income come your pocket. Bitcoin is more like a capital gain kind of investment wey be say you need to sell to realize gains and when you sell you no get the Bitcoin again so no be wetin if you no get job you go dey rely on to eliminate your poverty. But if you get job, you fit dey invest inside Bitcoin with the least wey you fit afford to lose and e go multiply your capital so from there you fit dey get better rubbers to take guide. Make you know say no be Bitcoin go make you fit afford am, na you need to work to afford am. The best thing wey Bitcoin fit do na to dey give you discount and him dey do am when the market dey for correction.

Bitcoin may not be playing a direct rope to the economy of the country but their is no doubt  that bitcoin is playing a good role to the economy of people that is investing in it so far. Now wey be say the economy is so bad and inflation is becoming so seriously bad with high inflation,  bitcoin can be use as store of value for people and this will bring value to people life. Bitcoin is contributing to many people but it is only those that have bitcoin that knows the importance of it in this hard economy.

The economy of a county improves when people are participating more in buying and selling thereby pumping money into the economy and not hoarding it. If everybody was to stored their money it doesn't benefit the economy. Wetin you suppose talk na say after people done make gain finish from Bitcoin it improve the living lifestyle of the investors and they spend and contribute to the economy of the country. The more we get money na so we go dey buy things and e dey help market sellers and other vendors too because when you buy that woman wey dey sell for market fish and she make gain, she go but garri from another seller and the chain go just dey continue.

[Doan9269]

For anyone who is tech savvy and digitally oriented in this advanced cryptocurrency era and technology, we should know that bitcoin is the most trending of all things now and we can also join in the series of opportunities it provides for the people when we are ready to learn and know about it importance, bitcoin have presented us with diverse opportunities and they re what we can behold and see from such impact they are giving to the people and the entire financial economy in the whole world.

There's no better ways than the ones we have been used to as benefits of bitcoin to the people and the economy.

1. Bitcoin as a medium of exchange for goods and services
2. An acceptable means of making Payments
3. A legal tender
4. A digital form of investment assets
5. Source of income and a profitable investment
6. Means of employment
7. fast and cheap medium of making cross boarder payments.
8. Store of value
9. Decentralized digital currency in cryptocurrency
10. p2p

[Obim34]

Truth be told, Bitcoin is made for everyone but not everyone is going to get a hold of it, most likely due to poor financial stance. Bitcoin is an investment, as we all know that anything concerning investment requires money to pertake in, so the only solution to getting involved with Bitcoin investment is by enlarging source of income to be able to have enough that can sustain ones self and still have leftover to enrich ones portfolio.

A person who has nothing to claim for himself should focus on how to escape the trenches before considering on how to begin investing in Bitcoin, our priorities should be made straight.

[EL MOHA]

Naira is loosing its value and so the economy is also falling while a common man is crumbling on survival.
Bitcoin can help to optimize good living for us in the country by people adopting the technology either to trade or to invest on it with the he potentialities of providing us with incomes.
It's an open platform which doesn't restrict the poor to invest unlike some other stock markets may demands qualified persons with a so specification of huge amount of money to begin with. Althoug, it's advisable to always invest with an affordable amount and be aware of the risk potentials.
We also know about the inconveniences of our banks networking systems which accepting bitcoin for means of transactions at payment for goods and services can serve us better.

There is no denying the fact the the depreciation of the naira currency is a good way of investing into bitcoin as it is a very good asset which is an hedge against inflationary currencies like that the Naira. But regarding what the OP asked about which it could contribute to the economic situation of the country which is in real sense help the needy i wouldn’t say it would be that effective, investing requires you to hand money not just any money but that which you can afford to lose as we all know the volatility of bitcoin causes it to dump. A struggling citizen cannot afford to lose any of his money if you ask and that’s why I think bitcoin is definitely out of the way here. The only thing that can help in situations like this is the creation of income generating jobs for the citizens and that is very minimal with bitcoin right now.

I see other members suggesting it could be used for national reserve and I say the risk is way too much. The reserve needs to be in an asset that is very much less volatile. If we look at how bitcoin is, even though it’s volatility is reducing a lot the risk is still there.