Topic: "Bitcointalk" is part of my family living life & my "Baby birthday celebration" (Read 962 times)

The way that some of these guys are talking is that they cannot make very much in their country, so sometimes there could be questions about busting your ass for $40 per month when a signature campaign may well end up paying quite a bit more, and maybe we can presume up to $100 per month, so I doubt that the volatility of bitcoin is as BIG of a deal is just making sure that they are able to stay in the signature campaign and maybe have a few months extra saved up in the event that they lose their spot.. so then there might be needs to figure out if there are supplemental cashflow areas or maybe time can be spent to learn new skills in order to be able to be paid more,

and so if someone is used to paying all of their bills from $40 per month then what would they do if they had $400 per month?  What are they going to do with the extra $360 once they have established their emergency fund.. which surely is something that anyone should have in place prior to investing in bitcoin or overly holding onto bitcoin rather than holding in a more stable kind of way.. .. it is hard to generalize too much about what someone else should do about various cashflows and then how much they might be able to invest (or hold) in bitcoin once they are able to account for the expenses and their emergency fund... which an emergency fund is likely a reserve of cash that would cover something like 3-6 months expenses and then other funds would be available for other emergencies that might come up.. so maybe even doubling the amount in the expenses projections or adding on an amount, and anyone who is trying to decide these kinds of amounts would need to account for how confident they might be in theiir cashflows and their expenses that they have projected out.

No, I don't think it's wise at all to keep money in Bitcoin when you are so poor that you have to feed your family with a Full Member rank signature campaign on Bitcointalk. Bitcoin is a high volatile and risky asset, even if he realized a small rally in the past weeks thanks to ETF acceptance rumors, it doesn't mean it can't go down again in the coming weeks or months. Harsh international regulations or media mainstream covered hacks could hurt the price too.   

In where am coming from most people don't earn up to $40 as their monthly salary they earn below that. It's funny but that's the truth yet they are surviving and still have savings. Myself I have worked as an office assistant in an organization and I was paid $19 (Nineteen thousand naira) monthly. I was able to feed myself and my younger sister, rented an accommodation at the cost of $2 monthly and provided our basic needs and still I had some savings every month. Imaging if I'm earning $40 every week I think I will live like a king and still make lots on investments and savings. Though just like others who commented earlier noted there basic things that are provided for free which we don't pay for. My country is the best place to live if you are earning in $.

However, I think it is not a must for someone who is struggling to survive save money when he/she doesn't have any means of feeding or clothing him/her self, although, savings is good but if someone get $20 monthly salary it will be very hard for such person to cope with that small amount of money, mean while the person is trying to feed, so the options is just to continue feeding him/her self untill he/she gets a better job then he/she can start saving.
Yes, this is a good idea and it will also help to build up a good family too but the important thing is that one must already have a better job before he/she can afford the $40 weekly savings.
However, $40 weekly saving will go a very long way for and pers who is willing to saving it.

I quite agree with you, but your analysis is based on oil producing region. What about those residing in a place where they virtually buy everything, probably the $10 weekly savings would not be possible. When there is no hope of having free pip born water or free electricity and others. So you'll see that these set of people might find it difficult to cope. In Nigeria people can survive in most condition.  In a country like Nigeria $40 per week *4=$160 is enough to start up a small investment for your wife, that can be providing money for the family. then after starting up the business, then the next $40  you can also save at least $10 per week in Bitcoin. $10 in your wife business, and $20 for family consultation. Meanwhile the $10 BTC you invest, can serve as an emergency fund and savings. while  your wife can be also contributing till you guys achieve your goals.

@Negotiation I think it's time to lock this topic, you've gotten enough support and if more people continue to see the topic it will increase the chance of them searching for the private photos you posted and then saving or misusing them.
If you ask any global mod to move the topic to Trashcan or you moved it to boards that are not archived such as Serious discussion, it will enhance your privacy by reducing the chance of the topic being viewed.

@odohu you are correct in terms of those people that work for an oil company. I have lived in a state whereby most of the people living around are employed and they do have access to free things like getting paid without work and still they don't pay taxes, they don't buy water, they still don't pay electricity bills because the company has set everything in place.
However, a $40 bill is about 45 to 48 thousand naira. If it's not up to 50,000 for now and with this 50000 naira, someone can save 10,000 naira per week. Just as you said earlier, the only thing that they might be spending their money on is just clothes, food and medical things (medicine) and it's true.
In my locality, there are free scholarships for students and these scholarships can help those that don't even have the money to pay for school fees and other school levies too. Most oil companies do pay the students that get scholarships from them. Some students get salaries of 100,000 naira monthly and hundreds thousand naira is more than $90. As of recently, one can make good use of such an opportunity by saving 10 to 20%, either weekly or monthly.

I understand your detailed explanation but I want to make some clarifications because my earlier post might seem unrealistic to many readers here. I actually had a place in mind before making that post and that is the oil region of Southern Nigeria. In these region, a lot of things are provided free of charge by the oil companies operating in those areas. From electricity, pipe borne water to sometimes scholarships for students up to the university. There are no taxes for house, cars, even most business.

The major areas people spend money is on clothings, foods and medicine. Under this arrangement, $40 per week is a huge amount that can still allow saving of up to $10 per week.


I completely agree with you submission,  without emergency funds in place, investment in BItcoin or anything becomes very difficult. Just like you said, saving funds from signature campaign, without sorting out how to survive from other means, can be difficult and unsustainable.  

Let's say, for example someone has a family of 4, and is living off of $320 per month, and so pretty much they do not have any money left over.. They pretty much spend everything that they earn for all of their expenses, so maybe then the question would be whether they have an emergency fund or not... because if they get $40 per week added to their income, that means that their monthly income has gone up 50%, so maybe that $40 per month could end up getting put into their emergency fund, but it might not be a good idea to keep that in BTC if it is serving as their emergency fund. 

So the question of whether they would be able to just keep that $40 per week in BTC would depend on if they have had already established an emergency fund or not.  If they have not established an emergency fund, then the BTC would be serving as their emergency fund.

I suppose I am not really questioning the life-changing nature of being able to add 50% to income (such as the hypothetical of adding $40 per week through a signature campaign), and sure I even understand that some forum members are in situations in which they are completely living off of their signature campaign, so that means that they would be needing to cash out pretty regularly, and if they don't want to devolve into a gambling posture, they may not be able to save any bitcoin from their signature campaign earnings prior to establishing an emergency fund..

which usually emergency funds need to be in the ballpark of 3-6 months expenses.. more risky to be on the lower end and safer to have an emergency fund that is 6 months, which we know so many people do not practice, whether they are in poor locations or otherwise, there are likely way more than a majority of people who do not even have emergency funds that are 1-2 months, which surely seems quite inadequate and surely they are not really in a position to invest into anything (bitcoin or otherwise) because if they invest with less than 3-6 months of an emergency fund, then chances become quite great that their investment is serving as their emergency fund (which is not a good practice and frequently leads to either losses or inabilities to realize gains and/or the power of compounding profits - through cashing out at a time that is not of their own choosing).

Bitcointalk can be really life-changing, this serves as an additional source of income but again not time there's a signature campaign so as much possible those earnings you've got can be used for future needs for a more stable job, Congrats you @op!


In my country those earnings now can be used to survive on a day or even weekly basis, well depends on how you rent a home, pay bills and other daily needs and of course how many of you are in the house to cater to those expenses.

You will be surprised to know that in some parts of the world, $100 is a life changing amount. This is not for the upper echelon of such society but for the average people of such countries. So for the basic needs of a small family from such  country, $40 per week can do the magic.

However, it is not a safe situation considering that so many things can come up which were not planned for. Children are fond of pulling surprises that will require emergency spending,  so someone living from hand to mouth might be in tight corners in such a situation.  So, my advice is that it is always better to have a job or other businesses that can sustain the family and let the earnings from this forum be like addition.

It is even wise to save majority of the the Bitcoin being earned in this forum for the future... something like a DCA. In this way one will be planning for the future as well

I don't know where he is living actually but I would be very surprised if at one place on earth life would be so cheap that you can earn enough money with a Full member account to feed a whole family with children. So it means OP is certainly using alt accounts, he should be careful because if he makes something wrong, all his accounts could be red tagged and he could lose his income that let him feeds his family.

When a new currency is introduced to people, not everyone will be ready to adopt the usage until they've witnessed successes and possibilities of solving monetary problems of the masses. Bitcoin, despite being about 14 years old now is still a new asset to the community, so it still needs more time before everyone will be confident about it's authenticity.

Government or individuals cannot be blamed for not adopting the use of bitcoin because much awareness hasn't been created about the merits of trading with bitcoin so it is only when this awareness is made in clear terms to all individuals that there can be massive adoption.

Your achievement is based on efforts, your efforts is what shows your destination and your destination defines your how serious you've been all these while, people often said they are late or they missed the line from origin the case is even though they were told at the earliest stage of bitcoin and this forum they wouldn't have still put interest and efforts to secure their future here. I can vividly recall that then there were people who heard about this Bitcointalk or about bitcoin but they didn't believe on the dream comes through so they never put interest but today they always crying wishing for the hands of clock to be turned back for them to start afresh to accumulate as much as they wanted, so I will suggest you should take a bold steps to start storing them or put more effort to be more creative for you to grow above your level to also enjoy the forum.

Happy Birthday to OP girls.

No doubt, this forum is providing great support to its members in many different ways. One can earn a good amount from opportunities available here like signature campaigns. OP is just like many of us who rely on this forum for added support.

That is true. what ever that brings food to one's table, should not be ashamed of it. I see somany people here always trying to cover up that here is not there source of survival. Pretenders in disguise indeed. This forum has helped many people achieve their dreams. Not only this forum but also people who also mined Bitcoin. but people don't often get appreciated for it. All thanks to the tech genius/wizard Satoshi nakamoto the savior of mankind for making people's dream come in to reality. Even as i was not early enough to be a part of it, but believe with time I shall also achieve too.

I always commend on those who always put interest in the forum to be creative and as well earning from the forum due to their zeal and passion, there are people who solely depends on this forum but it would be very difficult for them to come out hear to speak about their dependency rather covering it to make sure people don't just look at them as their only ways of survival so they would try all their best not to mention.
Most times it's good to write and appreciate the platform and, or a place that gives you income and of course I am always happy seeing this type of post on how people talks about the forum and celebrate with others here.
Anyway happy birthday to your baby, age graciously even though is coming late my prayers will surely pass to her.

Op, happy birthday to your daughter and a new happy life for your family. Although some weeks have passed, Bitcointalk has been a great help to many people that have committed themselves to it, just like you do. Although it is not a good idea to depend on this forum instead of doing other things for yourself, just like starting a small business or other things.
I understand that this forum is another way for someone to get some amount of Bitcoin for free, especially for those that find it difficult to use part of their money to buy the little they can afford. I see it as a part of applying the DCA strategy, i.e, if one is in a signature champagne then the user can freely save his/her payments for the week, and it also depends on how long the signature champagne will last.

This reminds me of the dark days when the Central Bank of Nigeria directed all banks to close the accounts of people dealing on Bitcoin. It was not really easy being into Bitcoin and many people were actually scared. Even though they implemented this policy without any legal or logical justification, several people were actually affected. But like they say "where there is a will, there is a way" , this policy did not stop us from using Bitcoin... we just found a way around it.

I remember that Binance, Kucoin, NairaEx and many other exchanges were handy for Nigerians to use and Bitcoin penetration even grew during same period. Their attack on the Bitcoin community created some form of publicity and many people joined after making some inquiries about Bitcoin and how it could help in a failing economy like that of Nigeria. Well, it is a thing of joy that the present government have relaxed those ill-conceived policies, hence the latest explosive interest in Bitcoin by Nigerians.

The only difference between Bangladesh and Nigeria then is that the former placed a legal ban on Bitcoin while the later did not have any legal backing for attacking people using Bitcoin... I can just say it was an expression of fear of Bitcoin and also their way of discouraging people from getting involved.

Although am not from Bangladeshi but according to my research I think they use these exchanges below.
Binance
Kraken
Etoro
Zengo
Blue wallet
But binance is the most use just like in Nigeria.


It is always difficult to participate in Bitcoin activities in a place were Bitcoin is not generally accepted as a legal tender, but to every problem there is always a way out. No matter what the government do to criticize Bitcoin, is never a treath. That shouldn't make one not to buy and hold, because one dey Bitcoin adoption will be generally accepted world wild. By then you would have been in a better position to educate them on evisaging the inportant of Bitcoin from the beginning.