Topic: Choose Crypto Today And Choose Wealth. (Read 278 times)

Yeah. Normally, bitcoin investment and trading should not be the only source of income for an individual. That person is likely to be getting enough of what he needs sometimes, and sometimes emergence may come where there will not be funds to sort out some problems. So we can’t just rely on only crypto as a source of income, whether trading or investment.

However, the OP did not mention the main things that someone will do in cryptocurrency to make money because there are many ways in crypto that we will do to make money, but still on that, I won’t advise anyone to use crypto as their only source of income; there should be another means to get money and not only crypto. 


Exactly. But you know this is a bitter truth: most people will not understand that someone who is managing to meet up needs is not expected to be in trading; that person will go broke; trading is very risky. If someone doesn’t have money, he or she should not go near it. 

Sometimes, people fail to understand that you actually need a standard amount of capital - to start Bitcoin trading. It's an amount that you put in and not run back to withdraw in the next one or two weeks because of some financial crisis.

It's a journey you embark on when you've built a strong mind, so when the market dips, you won't faint. It's a journey you embark on when you have startup capital that you can invest for the long term. It's a journey you embark on when you want to do long-term investment.

Someone considering it at work might possibly be expecting monthly pay, but it doesn't work like that. You give it time; you trust the process. And when the profit comes you cash out big.

Until you are very good in the market, you are earning consistently and you've diversified, I wouldn't call it a full-time role for somebody.

This is something you do by the side while you are working to get monthly pay or earn more consistent pay. So, I think that's where people miss it. You can't be jobless, sitting down looking at the chart every day or looking at your coin balance every day.

People need to get it that this is a form of investment for long-term purpose, extra stream of income. So, when you get profit from it, you can reinvest into something else or back into Bitcoin. But it's not a project you take on and expect monthly or bi-weekly pay.

Some people give so much credit to Bitcoin as if it holds the key to unlocking the gateway of wealth when what they need most is a good job that can guarantee them a monthly income. 
 
And even if the person is to go into day trading, you need to be debt-free in order for you to focus and make good trading decisions and not depend on what they will get on a daily basis from trading for survival. 
 
Even if it's holding, you need to have stable income, as the more financially stable you are, the longer you can hold crypto to realise a good profit.

A lot of people done know this matter already they just they do things deliberately because this matter no be today matter, them know waiting bitcoin they about, they know say na investment except if you they trade and even if you they trade he no mean say na employment because this na something wey be say you fit they make you no make anything from am, but when they say employment something have to come in once in a while, and bitcoin is just like a huge side hustle, but a hustle wey you have to be very careful of, because the hustle fit carry you go back your village. If you no be careful, because they get people wey they do crypto wey no they get anything from their.

Cryptocurrency has actually create a means of wealth for a lot of people but it’s not a get rich quick scheme that everyone can delve into and become rich. Cryptocurrency has its own setback and will definitely be a very toxic one to a lot of people that don’t under the concept of why it was invented. Having crypto knowledge doesn’t mean you’ll get rich with it. There are a lot of things you need to know and to avoid in your crypto journey if you really want to be successful in it. Don’t advise people to come to crypto because they can get rich quickly, it’s not true and can lead you to make decisions that can’t be reversed back.

First off, to make wealth through Bitcoin, trading is not the best option but rather, investment purposes thereby buying and holding for long-term, Trading involves short-term goals and it's mostly operated with Altcoins with falls under the category of short-term goals. The major reason why it's advised not to trade with Bitcoin is because of the very high risk that's involves in it and someone going through that path to make more profits in Bitcoin could lose everything so buying and holding Bitcoin is a better form of profiting from it cause it also involves good methods that helps investors to recover their loses over time, which is not possible with Trading. With that being said, to minimise the high risk of losing all your Bitcoin it's best to priotise long-term holding over short-term Trading.

You should consider Bitcoin as an investment, not as a trade. By investing in Bitcoin you can expect adequate returns if you prepare yourself for long-term investment. Bitcoin can be considered as employment only when you have enough money and get a huge pile from it through investment and accordingly you decide short term trading or long term holding as per your wish.

The background of becoming a wealth I think you most have a way of success of incoming, because a person can stay at his home and be expecting something big he have to work for it. So in this case a lot of youths choose cryptocurrency today to survive their life, due to the how country becomes so had their lack of jobs the unemployment are so much; and because of bad governance they do not take find any solutions.

That’s why a lot of youths chooses to have crypto as there side hustle I know that it is not easy to become successful person in the crypto aspect, because it deserves enough attention and knowledge and that’s why before some people introduce themselves in to the crypto they try as much as possible to learn everything concerning the crypto aspects to accumulate much knowledge.

Bad governance still dey affect us all na, crypto no be panacea to our problems, neither is it an employment opportunity. Crypto na investment, similar to stocks, ETF's, bonds, etc, wey you go still need money or skills to acquire. If you look around your local community, how many people don chop, before dem go fit reason investment, na so the matter be oh, people wey dey advantaged due to crypto dey very few, and na because them either dey knowledgeable or dem get money to buy enough of it.

Yes. Signature campaigns and bounties are a way of creating jobs for the young people involved in the crypto space, who want to promote the crypto world and business and still make a living of it. With this, you cannot disagree with the fact that a platform like this isn't an employer of job, directly or indirectly. And I'm pretty sure there would probably be more of these platforms we don't know whom through them you could be employed. What some people may say, is that this bitcoin platform like others may not really be an everlasting platform to depend on.


I believe cryptocurrencies have come to stay forever in the world's financial evolution and the earlier countries like ours come to realize this and make some financial benefits from it the better. To be honest guys, I really thought the Tinubu's administration was going to embrace the bitcoin market as an emerging financial revenue source to support the existing physical revenue generation inputs we've gotten. If you analyze the massive number of users which the crypto have enjoyed, it will only be an advise to the government to hold firm decision about the new technology and craft out policies that will allow the practice of the decentralized technology while benefiting the government's financial system.

While doing this, also remember that the government can wake up any moment and ban crypto completely in the country so unless you get plans to relocate out of the country, crypto for Nigeria no be wetin you go out mind completely and ignore other hustle.

Make crypto just be one of your hustle as you put body for other things too. Definitely one go pay you out of the different hustle wey you dey involve yourself. There are opportunities out on the internet, browse with the right intention and you'll find things that can create you wealth. Crypto should be for investing while you get wetin go they pay you.

Crypto dey too volatile to dey depend on only am unless you wan add am trading so you fit they benefit from the volatility of the market but no go do wetin you no know unless you go lose wetin no good.

I think what OP is referring to by saying crypto stands to create job and wealth opportunity for the youths means like campaigns and signatures jobs in Bitcoin, before you start investing,after becoming a full member,because from there you will start making a weekly income for yourself, which in turn you can now save and start investing and trading that will make you financially stable, which has now began your journey to wealth,if properly managed and utilized.

We cannot treat Bitcoin as an employment. I don't understand, how can you turn bitcoin into your own employment? If you are looking to trade then you need to know that in order to trade you must have a source of income from which you will receive the capital to trade. You can't even guarantee earnings from trades. I think your income is essential for your entry into Bitcoin. You can say bitcoin can give some extra profit or we can get good return by saving in bitcoin.

I seriously understand your point, why not create a suitable business first before going for crypto because from what I understood bitcoin investment is considered as a job in your opinion, I wonder where you’re getting this impression from when you can see people who invest or trade bitcoin are mostly wealthy people let’s be realistic. Don’t know how yours is being done but you need money before anyone can invest mostly if talking about Nigerian youth in general, a lot of youth engage in so many crypto activity no doubt but still without money those mission can’t be accomplished.

By investing in cryptocurrencies you can increase your holdings and compared to other investments it is a volatile asset which you can compare to a mad bull. By investing you can get an opportunity to get high profit with high amount of risk. To get crypto you should have money along with diligence and proper knowledge. Besides, if you can run deposits weekly or monthly, then it can turn into a financial powerhouse for you.

If you are financially constrained, you should tend to accumulate more caution when it comes to investing in cryptocurrencies. If it becomes too difficult for you the investment decision should be reconsidered. If you can afford to invest if not you should tend to do it later.

I agree with you, the strength we put to gain knowledge and understanding about crypto today, will definitely help us tomorrow but na waiting most of the newbies no try to understand be that, dey think all the time wey people dey wasted to acquire knowledge about crypto is just wasting of time, all they care for is how to make quick money and get out of trenches. Even people we see say they have make it through crypto no perform the magic one day, they went through a lot to gain more knowledge require in cryptocurrency.

In the country where our government no care about how we take survive, cryptocurrency has created a way for us to get out of the trenches, it's an opportunity for us to make money since dem no bother to give us job, we need to grab any opportunity we see to change our lives. So, if you are newbies no allow your village people follow you to believe that learning about cryptocurrency is a waste of time. It's better to act now than to regret it later.

the percentage of Nigerian forum members relative to the number we have in Nigeria that are not in the forum is relatively unmatched And if you consider that this forum is one way crypto has helped us as a nation, though it's true but considering that it's only a fraction of us that are here shows that we have to look at crypto outside of a means of survival.

Take out the forum and ask yourself the question, how many of us can own Bitcoin easily from the income we're earning in naira? Before the month comes to an end, inflation might have eaten them up and you won't see enough that will be used for your upkeep not to talk of investing in Bitcoin. In an economy as ours, crypto only helps the already wealthy people to become more wealthy. If you don't have a good amount of wealth at hand, you can't even benefit maximally from crypto.

The crypto ecosystem is truly rich but the majority of the poor and middle class can mostly benefit from airdrops and partly trading.

Just imagine if I am learning about crypto as newbie from how you present am to be as "creating wealth and job opportunities". How you think sae I go react to am? Is it not to rush into am with my full chest, thinking that my financial status will change in short time and I will be rich.

This idea of crypto go make people rich don deceive many people to begin think highly of crypto that they will be rich through it in short while, them now begin to let go of the necessary information wey go help them grow in their journey of wealth creation, to  focus and depend only on crypto without having a job or other source of income. When they are highly disappointed from what they have perceived crypto to be, them now finds whom to blame for their financial loses. Although they will blame the peso that brought them into crypto because they learn about her, through them.

Na why em be sae be mindful of how you introduce crypto to people. If you should introduce anyone to crypto, you better lecture them about the basic knowledge of crypto wella ( the pros and cons of crypto), so that wen em set, you will not be hold responsible of their crypto loses

Bro I understand say as a newbie, we dy always think say once you invest in Bitcoin or any cryptocurrency out there, we go just grow rich overnight, no bro, things no dy like that in this crypto space.

First of all, Bitcoin investment or cryptocurrency investment is not a get rich quick scheme, before investing into Bitcoin, you need a source of income, so that you no go fall back to your Bitcoin holdings for survival, though na investment wey fit make you grow rich on the longer run, only if you get a good stash of Bitcoin in your possession, but nothing dy certain in this crypto space

Then as for the employment part, bro I no see Bitcoin as employment opportunity, you need to have a source of income for ur Bitcoin investment to survive, and Bitcoin no be source of income, na investment opportunity wey fit make you rich in the future, so try to know the difference between investment opportunity and hob opportunity.

Well I commend your effort in trying to create an awareness about crypto investing but then it would have been better if you had stressed the fact that it's not a job opportunity neither a scheme that gets people rich within split seconds even if there are cases that may want to look like such but fact remains that nothing good and sustainable come easy and amount of work is always needed to get you succeeding in the crypto space.

You should be aware there are people who invest in other sectors outside the crypto space and are wealthy so you don't have to be in the crypto space to get wealthy investing in as much as it's a good investment opportunity but isn't guaranteed to necessarily be the only route to wealth so you could highlight all of this and your thread would have been more relatable.