Why Nigerian should invest in Assets in this present economy, Bitcoin assets

[CryptopreneurBrainboss]

Cars are not an asset no matter how you want to spin it. In the scenario you gave, it may seem that cars are an asset but in reality they are a depreciating asset. The moment you drive a car out of the car dealership it automatically loses the cost value. Companies like Uber and Indrive can make money from their cars because they have the finances to push the business but you as a person cannot fund that. It’s going to cost you a lot in maintenance and insurance making the car a liability instead of an asset.

What are you saying, the stories are everywhere of how people upgrade their lifestyle and build houses, having a stable income all because they invested into owning a car. Car can be an asset and also a liability depending on the user. Same goes for a house, you can make a house an asset when built for rental purposes and cars too when used for businesses that makes your transportion less costly for you. Your personal car can also be an asset as it aid in transportation for you for business. Everything can be an asset or liability depending on how you use it. To get the point clearer, an Asset is anything that brings or aid to bring money to your pocket while a liability is anything that takes more out so if something they bring money pass as e dey commot, na asset be that oh.

[Davidvictorson]

If you still dey struggle to see food chop, omo I nor go advice you to put your money for Bitcoin o. But I go advice you say if you do work for person and dem wan pay you, you fit tell them make them pay you in Bitcoin. But if na to carry naira from your salary buy Bitcoin wey you never see food chop nor do am. Just find other ways wey be say you fit collect money for Bitcoin, at least that one you go relax despite the hard economy.

[Mate2237]

Cars are not an asset no matter how you want to spin it. In the scenario you gave, it may seem that cars are an asset but in reality they are a depreciating asset. The moment you drive a car out of the car dealership it automatically loses the cost value. Companies like Uber and Indrive can make money from their cars because they have the finances to push the business but you as a person cannot fund that. It’s going to cost you a lot in maintenance and insurance making the car a liability instead of an asset.

What are you saying, the stories are everywhere of how people upgrade their lifestyle and build houses, having a stable income all because they invested into owning a car. Car can be an asset and also a liability depending on the user. Same goes for a house, you can make a house an asset when built for rental purposes and cars too when used for businesses that makes your transportion less costly for you. Your personal car can also be an asset as it aid in transportation for you for business. Everything can be an asset or liability depending on how you use it. To get the point clearer, an Asset is anything that brings or aid to bring money to your pocket while a liability is anything that takes more out so if something they bring money pass as e dey commot, na asset be that oh.

I agree that car can be an asset and thesame time it can also be a liability if the purpose of getting the car is for luxury then that could be seen as a liability because luxury means that you will be fueling and maintaining the car from time to time without the car bring in any income to you in return


Asserts is what brings money into you so if the purpose of buying the car is for business then that car can serve as an asset because the car will be bringing income to you at the end of the day so it depends on the motives of the person buying the car

[Josefjix]

Companies like Uber and Indrive can make money from their cars because they have the finances to push the business but you as a person cannot fund that. It’s going to cost you a lot in maintenance and insurance making the car a liability instead of an asset.

To get the point clearer, an Asset is anything that brings or aid to bring money to your pocket while a liability is anything that takes more out so if something they bring money pass as e dey commot, na asset be that oh.

This guy never get am clear on this matter be that, those cars wey indrive and Uber dey use no be those companies get the car, na person personal car wey him give the companies make them use am for business while the company give am return monthly. You carry your new car give company make them protect am for you while the same time use it and do business for you too.

By doing this, we talk say cars na assets because it bring money come into your pocket, you no buy the car for cruise or to drive girls up and down, na for business, so you understand now?

[Lida93]

What are Asset
Asset are properties that appreciate over time, surprising many don't know this but goes ahead in acquiring cars, expensive jewelries and home appliances all these depreciate over time but assets include Land, house, good business opportunities that appreciate over time like investment in Bitcoin one assert that most people are still struggling to come to terms with.

Nothing bad there to buy home appliances if you can afford them because they were made to help us make life comfortable. Where I have problem with is about how those with their first #1m would rush to go buy some expensive stuffs just to act big man instead of doing research on where to invest that #1m for potential returns after a year or more, which would then afford them on getting those luxuries at easy where they already have a lm investment in place that's surely giving them perennial or annual returns.

[Samlucky O]

In as much as life is concerned people must buy home appliance regardless of Bitcoin investment. Bitcoin is important to invest for the long term but it doesn't stop us from acquiring the necessarily things that gives us happiness. It is advisable to buy things that will make you happy and invest the remaining into Bitcoin. That we need to invest in Bitcoin does not mean that we would not own car, buy expensive clothes, jewelries, buy expensive mobile phone or home appliance. Those are things that we need to make life easier. After acquiring this things the rest money should be invested into Bitcoin in a gradual process not once.

[Princess Leah]

Asset are properties that appreciate over time, surprising many don't know this but goes ahead in acquiring cars, expensive jewelries and home appliances all these depreciate over time but assets include Land, house, good business opportunities that appreciate over time like investment in Bitcoin one assert that most people are still struggling to come to terms with.

I know say e get points wey you dey try make but how far, shay you dun see say the house appliances and the cars done increase in price so. Car wey be 1M before is now being sold for close to 10 million so low key this things na assets for Nigeria oh but on a global scales, they aren't assets but don't let buying assets deceive you from buying appliances that'll help you live a comfortable life as a man. Get a car if you have the money and need for a car, don't buy when there's no need. As our hustle so na mostly online, need no too dey for car but if the money dey, buy am because that car price no dey come down anytime soon. Things just dey increase they go for the country. Invest in assets and also invest in owning properties as it'll save you from paying double in the future when you want to buy them.

Oga boss, I love this your statement and I dey see am as better advise instead of normal comment or opinion, the place wey capture my heart na where you say our work na mostly online and much need no go too dey for car cause the work no go require us to most about, but if money dey and any person get personal need for car make them buy  am, na serious advice be that.

 Now some people still dey try patch their life, them no even get any investment on ground but them go rush go buy car just to impress their woman or wife cause their friend done buy, make them buy too, that car go turn liability on the long run cause them no dey use am generate income and cost of maintenance go dey chop the small money wey the person dey try us survive, to get car dey important if need dey, but when no need dey for car eh go come turn liability.

[GPVibes]

Cars are not an asset no matter how you want to spin it. In the scenario you gave, it may seem that cars are an asset but in reality they are a depreciating asset. The moment you drive a car out of the car dealership it automatically loses the cost value. Companies like Uber and Indrive can make money from their cars because they have the finances to push the business but you as a person cannot fund that. It’s going to cost you a lot in maintenance and insurance making the car a liability instead of an asset.

What are you saying, the stories are everywhere of how people upgrade their lifestyle and build houses, having a stable income all because they invested into owning a car. Car can be an asset and also a liability depending on the user. Same goes for a house, you can make a house an asset when built for rental purposes and cars too when used for businesses that makes your transportion less costly for you. Your personal car can also be an asset as it aid in transportation for you for business. Everything can be an asset or liability depending on how you use it. To get the point clearer, an Asset is anything that brings or aid to bring money to your pocket while a liability is anything that takes more out so if something they bring money pass as e dey commot, na asset be that oh.

The point about car becoming an asset or not is becoming an essential topic especially in Nigeria where the transportation system is nothing to talk about. Like if you have not had need of a car in the house or family you won't understand this matter very well. If you need to take somebody on emergency to the hospital, you will still not consider car to be an asset like pregnant woman or someone seriously sick and helpless. In naija, people die because there is no immediate car to rush them to hospital where they can be sharply resuscitated. So from being essential in home support system, it is now an asset in Nigerian system because of how expensive it has become to the cost it will help you to reduce and comfort you get from it.

Now people make money from owing a car by investing in car business and higher which generates income for them. If you buy a car and you want to generate money from it as an asset then register it with transport company that will use it as higher purchase with guarantee and with that you are sure of a certain turn over instead of giving it out to a brother`s brother or friend's cousin that will begin to give you stories at the end because of familiarity.

[Evergreenpost]

We are in a digital era so Bitcoin is that digital Assets that we should invest in as it growth 📈 potential is way too good to ignore just like the other physical asserts like land or house Bitcoin assets is one of the fastest growing assets that Alot of person's are investing in all over the world and we in Nigeria that is faced with a bad economic experience one good way that we can escaping this bad economy is through a strategic investment in asserts that shows a steady growth rate and Bitcoin assets is that assets that we should prioritize and invest in if we are to become financially Bitcoin has become a global asset and that is the fact and anyone who is still doubting is not facing reality on ground

More grease to your elbow.
My concern is that while you have rightly mentioned how Bitcoin has become a global asset, it is also important to highlight the risks involved in purchasing or investing in Bitcoin.
.

[Cossyblack]

Alot of people have failed to realize how important it is to invest in Bitcoin in this digital era. Many of our young youths,once there are opportune to be a position where money keeps entering directly into their private accounts,what comes into their mind will be,how to spend that money recklessly on cars, iPhones, clubhouses and women which in return will add no value to their lives,I am not despicting the fact that people shouldn't have fun or spend money to acquire anything of their choice but the Truth is,when you don't invest money on assets that will be generating profits for you,you will certainly run dry and eventually start selling some of your acquired properties.

I believe when it comes to investment assets, Bitcoin is the best so far,this is because Bitcoin has proven to be the most performing asset in the last 10years . I am certain if our youths start investing Bitcoin and hold,I am sure there wouldn't be depending on our government for financial supports.