Topic: Bitcoin Na For All: But can the 63% Wallowing in Poverty invest in bitcoin? (Read 589 times)

I remembered stating in an old reply that 'money can never take the place of knowledge, and knowledge can never take the place of money as well'. These are two things that I believe are very important, which is ideal for anyone who wants to key into the benefits of Bitcoin.

Just as you've said, even if Bitcoin is meant for all, especially in our country where the majority are average surviving citizens, buying it isn't always possible for all, due to the financial situation in the country. Majority of the population in the country are just trying to survive, which will even make personal savings a very difficult task for them. There are so many people that are living a mouth to hand life due to hardship, which means they only work for what they need at that moment. It's quite unfortunate that we are in this situation today, but those of us here that have the privilege to invest should do it while we still have that opportunity, and most especially, keep them safe.

Bitcoin is for everyone; Bitcoin investment is also for everyone, but buying bitcoin is not for all; it's only for those who have money to invest in bitcoin.
 
Those who don't have money can't invest in bitcoin, as they will still be thinking about what's best for them and what they can use to foot their pressing bills. 
 
Why I say anyone can invest in bitcoin but all can buy bitcoins because investing in bitcoin is not only with cash but you can also invest your time to get bitcoin.

You suppose know how you go the on your life if you dey earn from the forum and na the only means of your income be that. Even as them dey talk say make dem invest in bitcoin always, nobody talk say make you go invest all your life savings or your passive income take out into bitcoin. You suppose get back up wey you go they depend on so that when things no go well from where you dey see money before, you fit use your other option take they survive before God go bring another way again. Nobody talk say make you go invest from money wey you dey collect from forum, rather make you start your own physical business if you’re not employed already. This thing na just normal sense and mindset on how your life take be. Because everybody they invest no mean say, make you follow invest at that time when you never guide finish. Wetin be yours no go pass you by, but if you rush into some kind things without thinking about am throughly, you fit take yourself back to square one and e no go make sense like that.

Bitcoin for all but weting we get for account na in differenctiate those wey dey eligible to invest for am. Person wey poor to some extent no go fit secure him investment portfolio, him go first satisfy him current need and even if him mange put small thing inside e no go take longer for him to disrupt him portfolio. People wey fit manage keep up at all cost na the average earners and the road no even smooth for them but no get as e want be as long the mind done dey towards the process, they fit keep up to grow their portfolio with patience as a factor.

Bitcoin NA for everybody both the poor and the rich as long as say u don dey ready to start u r  investment I think u are good to go but if no get money to start any investment go hard u like wise bitcoin

 I believe say Bitcoin nah for all, just like every other thing wey good and that nah why them they broadcast around but with how the country dey so hard,  e go come be like say nah misplaced priority if you never chop then you wan come invest.
 The intention is to reach a large audience when these kind things come ground so that person no go say no body share update but sometimes how you plan something no go be the way e go come out.

You don't have to quote everything from the Op, please edit when quoting and only take the places you want to quote and to reduce your page. I have seen your point of view and before I create the thread I have reason from all the angles. If you were reading other commitments you would have gotten some vital information commented me some good scholars here. I think what Charles-Tim said in his last comment has answered many questions and and also a complement to the Op. The "can and has" you used has already been answered in the Op and also Charles-Tim has also make it clear. I don't want to say much again because not everyone who is saying "we are investing" are really investing in bitcoin but solemnly depending on campaign pay. I used 50k to buy bitcoin every months. When I started the journey of bitcoin from 2021, and in 2022, I started buying bitcoins from even people from the forum. So I know how it is. If you understand the economic situation in the country, you would have understood the terms of "can and has" the more. My land "has" it as you said because he is a Civil Servant, but he said he can't invest because he has a lot to do.

I differentiate poverty and hunger to make the thread more understanding.

No be lie my brother. Everybody suppose cut their coat according to their size. Person wey never fit take care of himself properly no suppose invest. Every phase of life they stage by stage. If we run go they invest when we never they established e go worry us well well and so many regret go they on the line. When i mean by establish i mean say the person done they financially stable. Where business they run smoothly, where we they get deals and orders or request for the particular thing wey we they do.

I notice say people they expect investment to make them financially stable, but weting ah done understand be say. When we they try to grow wealth, na to focus on business first. If that business or that job done they pay well then we fit start to they invest. Na only that way we fit start to they think of investment to they wealthy.

your definition of poverty, and differentiating it with hunger to me isn't quite necessary.
And the definition isn't worth giving credits, well I know poverty is in stages whereas the word adject poverty is used but there's no difference in trying to differentiate between the two!

OP let me also draw you attention to the difference beyond everybody can and everybody has what it takes, thw fact that they say everybody can isn't a suggestion that everyone should or has what it take to invest, everybody can it but not everybody has food or in the right position to eat, literally if everyone decides to invest in Bitcoin assuming they have what it takes, Bitcoin will most likely not reject them, rather provisions will be made to accommodate them so invariably everyone can buy with the imbalance in the society, not everyone will be able to afford it as they don't have what it take and if they eventually do some day, they can as there's no known restrictions as to personalities who should and who shouldn't be investing in Bitcoin. Please also not that I'm not discrediting your point but only drawing our attention to a different possible point of view.

When I first invested in Bitcoin, I was much younger without a job actually and was very dependent on my sponsors but I managed to save some funds off my little allowance to invest after I heard about Bitcoin then and today I'm independent and can still afford to and can invest in Bitcoin, so even when I was probably not having the "resources" I still can as resource was my only limitations which I did solved, this may sound confusing but if you have a second look at this, reading in-between lines, I believe you will understand better.

People that are suffering from poverty are people that are living below the poverty line which are people that are unable to live above $1 daily that OP explained above. It is worth knowing that some people will leave above the poverty line but yet not still able to invest in bitcoin as some will not still have the money. This can be because of their responsibility like taking care of their family.

Bitcoin investment is not for everyone rather it is for everyone who has the potentials to invest in bitcoin becos before one begins to talk of invest , the person must have source of income .A man who finds it difficult to feed himself can't think of investment. Also not just the poor , there are people who are poor in thinking that is they have the money to invest in bitcoin but they won't invest in bitcoin, poverty of the mind is also one problem bcos is not all rich nigeria that are into bitcoin investment not that they don't have the money but they are not thinking in that direction. Bitcoin investment is not for those that have patience issue or those with low risk tolerance.so poverty is not the only reason why people are not into bitcoin.

Omo I like this ya post but why I think they say it’s for all its because it’s an open access investment, so long as you have internet service and a phone or PC but in the real sense no b for all man, if u Neva fit survive how you wan save or invest but there’s still an opportunity for who Dey try survive. You fit use the Dollar Cost Average strategy, just they use am Dey save all those small money wey for go for shayo.
E get people inside that 63% wey Dey spend money on Wetin dem no suppose too, one thing na mindset another na the kind of information and environment you’re exposed to

My brother , bitcoins is not for all as we speak, the common man that is seeking for food to survive can not have time investing in bitcoins but I will say again that with the way young people get followed on social media this day, I believe the wise one can diversify some of their earning to bitcoins if they got the right advice.

How I  feel right isn't good at all, do you know that when btc was just 4million naira, I did not even have 10k to invest as at then, though I was a student on siwes program.

Our environment is not helping at all, the little people are able to gather is not enough to make feed well , how will someone of such think of buying a coin.

To be sincere with you, life is even more hard and this is forcing some investors to get out of the market just to survive the economy.

Poverty is a mindset and not a permanent condition that we should be thinking, the poor can't invest in Bitcoin abi we no dey hear story of how some people invested just $1 in Bitcoin back in the days and today them dey alright.

Okay so person no fit invest $1 and expect something big again but you can invest $10 wey no big pass 17k naira and who knows in the next 5-10 years that could be 170k or more depending on how Bitcoin grow reach.

You can invest more too depending on wetin you get. You fit do jobs and they  keep small money aside wey you go dey use DCA inside Bitcoin after you done remove the money to use chop and for other expenses.

If you wait until you get money well before you start to they invest, you no go fit do am because more problems go they come as more money they enter your hand.

Even though you no invest in Bitcoin right away, there are other investments that you can get yourself involved in and it'll yield you profits that you can then use to invest in Bitcoin and hodl for your future.

It's a shame that Nigerians are wallowing in poverty inspite of our riches in mineral resources. This really affected our low interest in bitcoin investment, its only those with good knowledge of bitcoin and other sources of funding are investing in Bitcoin.  Because a man that can't afford to eat three squaremeal a day can't save or investment in bitcoin.  Bitcoin investment is a long term holding. So it's only those that have enough money to spare some for investment can send the test of time in bitcoin.  Even if the awareness of bitcoin is all round in the country we still have Low percent of investors not because they don't want to invest in bitcoin but no funds to spare for it. Everyone is just eat from hand to mouth.  Bitcoin is a desire for everyone but not for everyone.

Yes I also agree with you, we really need financial stability when it comes to Bitcoin investment. Because here we have to hold our holding for a long time in any case. And we need to deposit a certain amount regularly on a weekly or monthly basis in DC A system, and for this we need a guaranteed income. If a person has no source of income, or if his income is too small to support his family in any way, then it is better for him to stay away from investments, he should first build a good source of income.

Or suppose you make very little money and manage your family with very difficulty, but still you are interested in investing, in which case manage your family with more difficulty somehow and start regularly investing small amounts out of that amount, and later on for any emergency in your family. If you need money, you need money for urgent health or any family emergency, in which case you have no cash fund except Bitcoin holding, then you Compulsory withdraw money from your Bitcoin holding and meet that emergency, and that The time you withdraw money from your Bitcoin holdings can also cause you to lose money, as Bitcoin's volatility can cause the value of Bitcoin to go down any time and its value to go up any time. And if the value of Bitcoin is low at the time of your withdrawal, you will lose.

So an investor should first build a strong income stream, from which he will continue to receive money and keep a separate fund for emergencies, invest in bitcoins that he can hold continuously for a long time, and he must have a DCA. The method involves continuing to invest a certain amount of money on a regular monthly basis, and holding for a long period of time. Then he can definitely benefit.

As for me oh, I no fit invest on bitcoin when those not alright withe and I can't invest in bitcoin when I no dey do anything to generate extra income. If I invest in that then it is not investment because I go still collect back and I fit lose sef if the price never go up. I don create similar thread say, https://bitcointalksearch.org/topic/m.63110565

From the beginning of my journey to the forum me I know say bitcoin no be fun e all and not everyone go fit invest in bitcoin because of the duration to wait and many no like to wait for that long period of time. They just need quick quick money. Dat is why when we tell people to even invest and tell them di conditions, dem no fit. People wey never chop belle full nai go do investment for bitcoin? Dey play.

No be lie bitcoin no really be for everybody and no be only for the aspect of individual income levels way to qualify person to invest on this bitcoin but also one on one emotional capacity way fit dey stabilize when the market dey try distabilize your positive impacts for the industry during when price dey fall. Na there the main sentiment dey take start.
We know say people dey way no fit stand the risks to invest for bitcoin even if them fit afford the lost talk more of who dey hungry way no fit afford a lost dime way fit be their last card or even say hunger dey wire person and u get money for someone just lock up cos u dey find Interests.
E no possible at all.

Bitcoin is for all thst can afford to invest in it. Their are some other investments that investing in it will take a lot of process but in bitcoin their is no limitation to invest it, the only thing that limit people from investing is the lack of steady income but so far as one is able to afford it  is very easy to invest bitcoin.  It is not a must that everyone must invest in bitcoin, for those who can afford it, it is just better for them to never force themselves just to invest in bitcoin instead it is better for them to be able to put their self in order by looking for a means of having good income that can generate money that can make one to have access in investing bitcoin.. it will be best for people to stop thinking of investing bitcoin but rather to work on their self to be financially sufficient to enable them to partake in bitcoin investment.