Topic: Choose Crypto Today And Choose Wealth. - page 2. (Read 278 times)

Crypto doesn't force you to invest. Also it is not a wonderful get rich machine that you will own a lot of money. It can be a safe medium of investment for an investor if he is able to choose the right crypto and periodically deposit a portion of the discretionary income based on equity to build a large holding. As you are talking that you are brainwashed by short term trading and your focus on the potential of huge profits so it may be a corrective message for you that you can choose bitcoin initially and deposit regularly through DCA method for long term. The duration of your deposit process can be 4-10 years or more and a backup fund should be provided for uninterrupted Bitcoin deposit in case of emergency.

You don't need to be very knowledgeable to do DCA if you have a reliable source of income and can deposit any amount of Bitcoin on a weekly or monthly basis without any stress. By doing long-term DCA regardless of price, it is recommended to increase the deposit amount as the income increases in proportion to the amount of Bitcoin stack you can get from each cycle.

Cryptocurrency is a very good alternative to wealth creation, if you are able to have the correct knowledge of how it works because it's not every cryptocurrency that can be trusted to generate wealth. Bitcoin is a store of value and the best cryptocurrency to invest your money in on a long term, and you will get returns on your investment. Also crypto trading is another source of income generation, but you need to first aquire the necessary skills inorder to be a good trader, so you can minimize loses. Cryptocurrencies are volatile so it's not advisable to depend on them as a sole source of income, you can have a major source of income then diversify some of your funds into crypto investment, trading or both. I love crypto investment and trading because you don't need any educational qualifications to start or write any applications to apply, just get the knowledge and the funds, then you're good to go.

Exactly bro, you've said it all. It's not about choosing Crypto but choosing the right Crypto to deal with cause their are lots of cryptocurrencies lately and if he's saying choose crypto in general someone that's not very learned about the crypto space would decide to choose shitcoins out of ignorance so I think he should been specific on the particular Cryptocurrency which is Bitcoin (the best Cryptocurrency one could imagine). However, it is an shame that our government that's failed to manage our economy and reduce the unemployment rate in our country is fighting tooth and nail to frustrate the youths by placing regulations and bans on exchanges and Cryptocurrency at large which is helping to reduce the unemployment and poverty rate among youths. Anyways Nigerian's are survivals and despite all odds we'll adapt and overcome any challenges so whether our government likes it or not we'll survive. Furthermore, I agree with you that Bitcoin should be mistaken for a get rich quick scheme, it's not some ponzi scheme but rather a digital asset that could be used for investment purpose which is buying and holding for long-term.

Somehow, lot of people they assume say crypto na a form of employment scheme but not all, nah just a knowledge necessary to acquire in our contemporary society to help you stay up your game financially. And nah true op talk say it demands some critical learning process which is very necessary to do before actually getting into the market with your money. As the famous saying goes: you go first learn before you earn.

Cryptocurrency nah the future and any individual way take time to build knowledge and skill in it no go regret am because as the world the evolve it goes reach where just fiat related means of income go dey obsolete and no go entice people to always get involve with but go prefer crypto as alternative.

You have a point, but like I've said and I will keep saying, knowledge can never take the place of money, and money can never take the place of knowledge, especially in this crypto that we are talking about. The very moment I saw this thread, I remembered a random photo that I screenshot from Twitter. And in that photo, it says "Bitcoin isn't for getting rich, it's for staying wealthy". Now, in as much this statement means a lot of things, people won't still interpret the correct thing. We have to understand that this crypto is not a place where u just move into and start making money. There are several ways to making money especially with Bitcoin, but one of the most convenient ways is to have something tangible to start with.

I don't dispute the fact that knowledge is very important, but you see ehn, money still has a place of it's own in the whole concept.

It as empowered a lot of youths truly but bitcoin have its place which everyone knows that bitcoin is more of an asset and anyone that is seeing bitcoin as a job opportunity is wrong and needs to know exactly what bitcoin is about and why it was created, a lot of people don't even know the reason behind why bitcoin was create and if they know they would not call bitcoin a job opportunity, because with what is online people are suppose to know about bitcoin.

And you can consider it to be a side hustle even if people do it as a life time job thay is people that are into serious trading, they don't do anything else but trade, but before they can call their self professional traders and they know every single step to take and they have lost money, and they never gave up but how many people are ready to take things to the next level.

This thing called crypto get as e be. In one way or the order, we no go fit criticize am completely. In the order wey, we no go deny say e help plenty people, especially people wey get poor and corrupt economy. Bitcoin or in general crypto, na tow edged sword. If you dey lucky, the positive edge go hit you, even as you dey rejoice for the position edge, the negative side fit still hit you. Na em make we gas dey careful for every decision we wan make for crypto investment. But den make we learn about crypto fes.

Cryptocurrency has really help a lot of youth no doubt. But classifying it as a job opportunity I will say you are very wrong. You said that “the worst thing to do the yourself is not trying to learn”. But it seems like you also didn’t learn yet, which I can say maybe you have the interest of learning. Again you have to change that perspective that bitcoin is a job opportunity for you, because even with that you still have to be involved in other aspect so that you can get enough income that will help you and sustain your investment. Because, depending only on crypto (bitcoin) is very dangerous in the sense that you will lose what ever you have planned for. That is why is been said that “even if you have knowledge, try to have a positive perspective”. Meaning you should know exactly what you are up to, in other to avoid failure.

If I will restructure your topic, I will say "Choose Crypto Bitcoin in particular Today And becomes Wealthy Tomorrow ". If not bitcoin investment and forum here what would have happened to many youths in Nigeria. This has helped many here and we thank God for those who brought us to the ecosystem. And the government know that this is helping the youths that they refused to employ and they started fighting with the exchanges again to frustrate the youths. But upon that we still surviving because bitcoin is a decentralised system whereby they can't control it.

Nobody should take bitcoin as a means of getting rich quickly and that is an another area people dey misunderstand am. But long term investment and patient can make them do well at the end. Investment more in bitcoin.

I think it will be wrong to generalize cryptocurrrency as a good investment advice instead you should be more specific about the ones that are worth investing on, perhaps as cryptocurrency has also given us good hopes after we ventured in them, you should also know that there are cryptocurrency that has dealt with people badly as well and we should not forget that cryptocurrency has high risks and high volatility so anyone investing should not expect it to be lovey-dovey all the time, sometimes the market may not be favourable to you so we should have that at the back of our minds so that we don't invest with a wrong mindset or be clouded with wrong beliefs.

To be honest this crypto space has helped alot of us in this country, especially as a side hustle . Because now and days some salary ain't helping at all , because of how the prices of things just keep on increasing. So alot of student are passing through tough time in school and this space as also help to make things lighter for some students that took their time to learn about, if you go to X (twitter) you will see alot of student and persons that are doing fine just by doing skme web 3 jobs and stuff, which also a means to earn in this space.


If you read op post you will see that he or she didn't mentioned bitcoin investment, rather he or she made use of crypto. Which means op is talking about the various means one can use to earn in this space by using the word "crypto "  .  So his talking about the whole space not just referring to bitcoin investment alone . Because in this space one can earn through various means , and bitcoin investment is still among those means ( but is more of a future thing) .

They're some folks that have stopped working due to some certain stuff , but now they are relying on their bitcoin investment they built over years , because they took their time to build a better bitcoin investment by accumulating, especially those that are early investors ( that invested in bitcoin when the price was still 2 digit) . So one can also  build a better bitcoin investment now which may sustain them in the nearest future.

Don’t paint crypto investment as a get-rich-quick scheme. You need capital to start investing in crypto and even then you can’t be sure of making profit from the coins you buy. Bitcoin investment is usually slow in ROI, and you can lose all your money to shitcoins overnight.

 It is true that there are need a jobs where you can get paid in crypto, visit this thread: Cryptocurrency Job List

Bitcoin investment is not an employment of any kind, this means you literally referring to trading which we can not also categorize as  an employment also. Crypto knowledge is helpful and a good way to earn some money which can be used to satisfy certain needs but not good enough if we decide to solely rely on this profits, either by trading, investment or any other means.

Every crypto enthusiastic is expected to have a proper source of income, a jobless person who learns about Bitcoin without a financial stance will be unable to invest  because of low funds, same goes to traders without a good earning job, the user is busy causing more harm, eventually the little he has finishes then there will be non left, a quick call back to the trenches.

In a country filled with unemployment and bad governance,crypto stood to create wealth and job opportunities for the youths not minding your status.You don't have to be great to start your crypto journey ,you have to start to be great. The worst thing you will do to  your self is not trying to learn.
The pain you will feel today  putting effort to achieving crypto knowledge that will create wealth is the strength of your tomorrow.