Africa is ranked third from the global statistics as well as Nigeria ranked third country in the world.
Global statistics of bitcoin crypto users as at year 2021 in their hirarchy.
Asia 160 million
Europe 36 million
Africa 32 million
North America 28 million
South America 24 million
Oceanic 1 million
Top 5 countries
India (100 million)
USA (27 million)
Nigeria (13 million)
Vietnam (5.9 million)
United Kingdom (3.3 million)
Source:
https://triple-a.io/crypto-ownership/
Its indeed evident that Africa is contributing great to numbers of users on a daily increase and bitcoin has indeed bless them real good.
Topic: How bitcoin has employed more African youths. - page 2. (Read 636 times)
You’re absolutely right when it come to bitcoin improvement and benefits in Africa but I will want to know if you took you statistics in West,North, Southern or Eastern Africa. Like you said correctly that Africa is underdeveloped and poor and we all know that we can’t access bitcoin if we don’t have money.. do you think that the growth of bitcoin isn’t one sided ( only the rich in Africa that are benefiting from it).
How can the poor also benefit from bitcoin without financial support?
How can the poor also benefit from bitcoin without financial support?
I enjoy hearing about how people in less privileged countries prosper due to their use of bitcoin. Some of the most successful people in the world come from nothing. Even hearing about how people in third world countries feed their families from signature campaign pay right here on bitcointalk warms the heart. Bitcoin gives opportunities to so many people worldwide. We can all be thankful in different ways for our early discovery & subsequent adoption of bitcoin.
We can say that bitcoin has no discrimination since eventhough some of the people don't have diploma we can still see that here all is equal especially when you are skilled to work on some jobs which we can locate here. I'm also happy to see that the basic earning option like signature campaign can bring food to their family so lets hope thag we can see more camps open up here so it can help more potential people to have a sideline which can help them on their daily needs.
It's in general not only for the African youths that bitcoin has helped a lot of us.
You are right saying this. Africa or third world countries are not the only beneficiary of bitcoin and cryptocurrency investment alike, youths and old. If you check every country has a currency that purchasing power is lesser than btc. This means the value of btc is much higher, therefore having investment in btc gives every continent and btc ethusiast edge above those not investing.
Also about the signature campaign, not only African community benefit from it after rendering the service. So the benefit of bitcoin is really to a large extent.
Straight from Africa, I'm alive in a good shape today thanks to crypto life has been so hard for the past many years until I decided to start working online that was how I ended up with bitcoin, made some mistakes along the way but things keep getting better I can't wait for a better future ahead, now I'm into mining and trading, crypto is really a life saver
Bitcoin has been of help to many African youths recently,and has removed criminal activities from the mind of youths.
Bitcoin has shown to be one of the best way of making money,and therefore,majority of people invest and make their gains or returns.
Bitcoin has shown to be one of the best way of making money,and therefore,majority of people invest and make their gains or returns.
Quote
African countries are most times referred to as third world countries because of their under-development and under-civilization caused mainly by bad leadership.
Let me fix this part for you a little bit. African countries are called third-world countries by those exploiting and plundering their natural resources. Thousands of years? Let's cut it a bit by a factor of 5x down to two hundred, Livingstone reached the Victoria falls in mid 19th century, common!
For example, Gabon was colonized in 1885 and gained its independence in 1960, they have been a colony for 75 years and independent for 62.
Now, there are two things in that list that I don't really think are accurate, the rest are easily observable so no debate there.
- Mining.
Unemployed youths cant afford an ASIC and I doubt there were a lot of poeple in Africa who could afford a video card and internet prior to 2011 when FPGA took over from GPU.
- Lending
People who don't have money can't lend other poeple money and poeple who don't have money shouldn't get loans to essentially gamble.
Quote
Traders borrow from lenders, trade with it and make profit and it becomes a win-win situation for the lenders and traders.
Yeah, the second topic I read today about magic money and how everyone gets rich, nobody loses a penny.
Sorry to say but bitcoin mining in Africa is a bad idea because grid power in Africa sucks, the only country with state electricity power is Ghana but from someone from Nigeria it's waste of time unless you are rich and ready to build a solar mining farm
African countries are most times referred to as third world countries because of their under-development and under-civilization caused mainly by bad leadership.
Let me fix this part for you a little bit. African countries are called third-world countries by those exploiting and plundering their natural resources. They have done it for thousands of years and don't plan to stop. The lack of education and corruption also doesn't help your cause unfortunately. I agree with most of your points besides the trading Bitcoin and crypto part. I don't believe that an uneducated and unexperienced youth should be trading anything. A lot of the youth in any part of the world fit that profile. I wrote a thread on the dangers of trading not that long ago. I think it's fitting to mention it here > What Can Happen If You Want to Trade Cryptocurrencies, but You Don’t Know How?
Bitcoin is a good advantage to Africans, the rate at which africa youth are going into Bitcoin is increasing day by day, and it has been changing life. Most youths now takes bitcoin as a business, which they buy and sell it. Even the the working class people don't only depend on their job or business, they also invest in Bitcoin to be financially stable.
People from the 3rd world countries (not just from Africa) will find their way to survive and improve their living without relying on the government proposal and employment strategies. People from there had become hopeless when they just wait for the government's help but instead, they make their own to find a job anywhere, and to be a part of crypto/Bitcoin is really in big help for them. However, their incapability of doing this like having no gadgets and internet connection rejects those chances. That is why only a few people had made it while the majority are still pushing their lives to survive.
In fact, bitcoin and crypto are a great opportunity for people in Asia, Eastern Europe, South America and elsewhere to get out of poverty and achieve financial freedom.
In many countries, governments are corrupt and do not help their citizens.
Crypto will help many people bypass the usual government channels and find their own path to financial independence.
Unfortunately, I know from personal experience what the situation is like in Africa and there, unfortunately, a large number of people can't enjoy the benefits of cryptocurrency due to underdeveloped infrastructure, ie many people do not have access to the Internet, even mobile phones.
Still, young people in big African cities could be the initiators of big changes through the crypto industry.
When your own governments do not offer a solution to unemployment, then people take matters into theirnown hands, and for the first time people can do it easier than ever before. However, as I mentioned on some other posts, crypto is not a solution for a colapsed economy. It can only serve as a bandage, and as crypto moves into it's bear period, some underlying problems will appear.
I agreed with you bro, Bitcoin in every country that knows it, really reduced the rate of unemployment to the society, you said it all that when government refused to make adequate provisions to her people, her people will make a way by theyself, the rate of unemployment and low salary scale made some people especially the young adults to give seventy five concentration of time to cryptocurrency especially bitcoin, at least Bitcoin is sustaining many people today through long time investment and trading of crypto.
People from the 3rd world countries (not just from Africa) will find their way to survive and improve their living without relying on the government proposal and employment strategies. People from there had become hopeless when they just wait for the government's help but instead, they make their own to find a job anywhere, and to be a part of crypto/Bitcoin is really in big help for them. However, their incapability of doing this like having no gadgets and internet connection rejects those chances. That is why only a few people had made it while the majority are still pushing their lives to survive.
Not just Africans but every individual across the globe who sees a need to work from home and goes the length to do something about it.
One thing is having the thought and another thing is actually taking a step to do it.
People are tired of risking there lives everyday, getting on the road and pushing through to get there daily bread. Bitcoin or cryptocurrencies offers people a chance to make something meaning and worth a lifetime with there lives while stationed at home.
The best of it is, it doesn't require you of any qualification. All you need to do is source and study materials that relates to the aspect you wish to concentrate your energy in, have the required capital to start and your good to go. When capital doesn't apply, a need skill could be a way around and before you know it, your a proud owner of a few sats and that's still okay for a start.
One thing is having the thought and another thing is actually taking a step to do it.
People are tired of risking there lives everyday, getting on the road and pushing through to get there daily bread. Bitcoin or cryptocurrencies offers people a chance to make something meaning and worth a lifetime with there lives while stationed at home.
The best of it is, it doesn't require you of any qualification. All you need to do is source and study materials that relates to the aspect you wish to concentrate your energy in, have the required capital to start and your good to go. When capital doesn't apply, a need skill could be a way around and before you know it, your a proud owner of a few sats and that's still okay for a start.
Bitcoin gives us freedom, to own private key then full control of our wallet and capital. In addition, it gives us decentralization and be free from central banks for our transactions. Moreover, it gives us multiple jobs to hunt for and work with. It is an open space for developers, free lancers, content writers, and more.
If you notice on Twitter and other websites for crypto-related jobs, you will see more and more demand on content writers, meme creators, graphic designers and so much more. I mean the crypto industry does not only create jobs for developers but for many other jobs. If you have good skills, you can be a part of crypto industry.
If you notice on Twitter and other websites for crypto-related jobs, you will see more and more demand on content writers, meme creators, graphic designers and so much more. I mean the crypto industry does not only create jobs for developers but for many other jobs. If you have good skills, you can be a part of crypto industry.
When your own governments do not offer a solution to unemployment, then people take matters into theirnown hands, and for the first time people can do it easier than ever before. However, as I mentioned on some other posts, crypto is not a solution for a colapsed economy. It can only serve as a bandage, and as crypto moves into it's bear period, some underlying problems will appear.
Bitcoin has employed more youths than the government of some African countries. African countries are most times referred to as third world countries because of their under-development and under-civilization caused mainly by bad leadership. Africans have high level of poverty rate and unemployment. These problems made an average African youth to be inferior to his foreign mates. If the youth try to involve in international trade, they will pay high fees. If they decide to save their money in their country’s weak currency, it will keep depreciating. An average African youth was financially vulnerable until bitcion brought liberty.
I will discuss how African youths earn a living from bitcoin.
FREELANCING
Bitcoin has given Africans with skills the opportunity to earn by creating bitcoin related contents, bitcoin digital marketing, SEO and more.
BITCOIN MINING
Many African youths did not discover or involve in bitcoin mining at the early stage that it was more profitable. The youths are now joining mining pools with whatever hash power they have to make a living out of it.
BITCOIN INVESTMENT
The buy and hodl has enriched many Africans, especially these few years that bitcoin made some successive decent bull run.
BITCOIN TRADING
This is the most popular way Africans make money from bitcoin. Trading has empowered many African youths. But the risky nature of it like trading altcoins, future trades made trading very scary to newbies and they lose money. You need skills to win here.
BITCOIN PAYMENT GATEWAY
Now that many companies are accepting bitcion as payment for online services, Africans that can create payment gateways for companies or help people purchase things on amazon, are meeting ends from bitcoin.
EXCHANGES
The problem of buying bitcoin with fiat or selling bitcion to get fiat is solved in Africa by Africans and they make money from the exchange fees.
BITCOIN LENDING
Lending bitcion to people with some percentage interest is another opportunity that Africans earn from. Traders borrow from lenders, trade with it and make profit and it becomes a win-win situation for the lenders and traders.
BITCOINTALK SIGNATURE CAMPAIGN
Bitcointalk being a bitcoin forum created by Satoshi has given a few Africans the opportunity to earn bitcoin by promoting some companies in the forum.
Bitcoin has brought liberty to Africa.
Translation: Nigerian Local Board (pigin)
Cryptocurrency use is on the rise, with 33% of Nigerians either using or owning cryptocurrency, according to a recent survey.People & specially youth of Africa is doing more then other countries on the globe, it’s well appreciated,also we can say BTC doesn’t belongs to only deep pockets,Every Human on the planet can learn ,Research and can contribute well in his livings.I will discuss how African youths earn a living from bitcoin.
FREELANCING
Bitcoin has given Africans with skills the opportunity to earn by creating bitcoin related contents, bitcoin digital marketing, SEO and more.
BITCOIN MINING
Many African youths did not discover or involve in bitcoin mining at the early stage that it was more profitable. The youths are now joining mining pools with whatever hash power they have to make a living out of it.
BITCOIN INVESTMENT
The buy and hodl has enriched many Africans, especially these few years that bitcoin made some successive decent bull run.
BITCOIN TRADING
This is the most popular way Africans make money from bitcoin. Trading has empowered many African youths. But the risky nature of it like trading altcoins, future trades made trading very scary to newbies and they lose money. You need skills to win here.
BITCOIN PAYMENT GATEWAY
Now that many companies are accepting bitcion as payment for online services, Africans that can create payment gateways for companies or help people purchase things on amazon, are meeting ends from bitcoin.
EXCHANGES
The problem of buying bitcoin with fiat or selling bitcion to get fiat is solved in Africa by Africans and they make money from the exchange fees.
BITCOIN LENDING
Lending bitcion to people with some percentage interest is another opportunity that Africans earn from. Traders borrow from lenders, trade with it and make profit and it becomes a win-win situation for the lenders and traders.
BITCOINTALK SIGNATURE CAMPAIGN
Bitcointalk being a bitcoin forum created by Satoshi has given a few Africans the opportunity to earn bitcoin by promoting some companies in the forum.
Bitcoin has brought liberty to Africa.
Translation: Nigerian Local Board (pigin)
These problems made an average African youth to be inferior to his foreign mates.
These problems make an average African to be less fortunate and less exposed to certain opportunities, this however does not in any way make them inferior. Africans are proud, intelligent and dedicated people. Most parts of the continent is just yet to get a functioning system of government which serves the people.
Bitcoin surely has given Africans a platform to grow their skills and access financial freedom without needing to switch to a foreign currency. And the growth of Bitcoin and the blockchain shows Africans have real interest in futuristic development.
But this is not the kind of liberty that the African nations truly deserve. They deserve more than this. Bitcoin mining, crypto trading, freelancing, and the rest that you mentioned may be thriving in many parts of the continent but these are most likely focused within cities and other towns with more or less urban setting. These are opportunities which are mostly, or perhaps even exclusively, accessible to the lucky ones.
Rural Africa is larger. Members of the youth who are bereft of education and access to basic services, technologies, and other infrastructures are bigger in population. It is among these places and within these people where the presence of the government is nowhere to be found.
We all dream that one day this old cradle of civilization will regain its past glory. We all hope that these pilfered African nations would eventually rise, stand on their feet, and provide their people with what they truly deserve. I hope Bitcoin is just a sort of a temporary crutch for the African youth.
Rural Africa is larger. Members of the youth who are bereft of education and access to basic services, technologies, and other infrastructures are bigger in population. It is among these places and within these people where the presence of the government is nowhere to be found.
We all dream that one day this old cradle of civilization will regain its past glory. We all hope that these pilfered African nations would eventually rise, stand on their feet, and provide their people with what they truly deserve. I hope Bitcoin is just a sort of a temporary crutch for the African youth.
In third world countries, Bitcoin has great help and it is considered a medium for supporting economic growth because the dollar value is greater than their currency value which is turned to a big amount when it comes to their own currency. On the other hand, it has the potential for significant benefits by increasing financial services. So it no doubts it really helps for youth like us.
Nowadays many people have been embracing Bitcoin because they saw the potential of benefits, governments, private investors, institutional investors, and many more because it has affected the growth of their economy in different ways and African youth are quite lucky. People embracing Bitcoin in a developing country can escape poverty because it boosts economic growth.
Nowadays many people have been embracing Bitcoin because they saw the potential of benefits, governments, private investors, institutional investors, and many more because it has affected the growth of their economy in different ways and African youth are quite lucky. People embracing Bitcoin in a developing country can escape poverty because it boosts economic growth.
Jump to: