Topic: How bitcoin has employed more African youths. - page 3. (Read 636 times)

I will portray that bitcoin is like academic activities, you call it's attention in order when you are serious about it's domination and serious to know it development technically, actually people need to learn bitcoin before they can understand Bitcoin language or terminologies, and i personally understand that the only way you can learn bitcoin when you have it in mind and follow it's development slow and steady, i noticed that while so people are skeptical of bitcoin, is when the adoption or legalization of it is 'ot fully supported by government of the country as you said. So it's only factor i noticed that will not support the motion.

Africa is just plagued by bad and corrupt leaders but overly blessed with a lot of young talents with great minds, who amidst the economic hardship are trying to make something for themselves. Unfortunately the government of some African countries are retarding the growth of such youths through some unfavorable policies, unequal opportunities, and bad governance. Bitcoin is one of those things identified by the youths with a potential to better their lives that the government has no control over, hence the bulk influx of African youths to cryptocurrency. Even now when the government of some African countries having recognised the potential bitcoin has to eradicate poverty and have made policies to discourage its use, more Africans are non challant towards it. So yes, youths in Africa are serious about learning about bitcoins and crypto in general is because of the potential it has to better their lives.

Yes, speaking of Bitcoin, youth and African countries, crypto is booming there these days.

I just think, young people in Africa are very serious about learning bitcoin, the point is like what is in the source, this proves that Bitcoin can change people's lives from a bad economy to a better economy, for example Africa, they are really patient and successful in doing it.

In real, I'm also glad they know Bitcoin, investing, campaigning, mining, learning etc, it's a great progress for youth in Africa, they are really great at learning Bitcoin, it didn't take them long to develop.

I love rocking African youth DJ Remix, good luck to all of you in Africa.

In fact, this exactly happened (not only in that country but also in others). Bitcoin has changed many people's life and finance. Simply, this is a thing that leads people to have more and more chances to change their life better, with some activities, jobs, and also income from Bitcoin. So happy to know that Bitcoin (and maybe other cryptocurrencies) help those youths (and other youths around the world) so much. We know that sometimes, countries also don't provide enough job vocations or chances to make their citizens be able to work and get enough income for at least their daily needs. That is why Bitcoin can be one of the best ways to fulfill what they need.

Some of those lists may be risky enough. But for someone who really needs it, they will take the risks. We know that every job will always require risks and related to Bitcoin, I am sure that they are aware also of the risks. Investment and trading may be those that are very risky. But, we can see that many people can manage themselves to manage the risks and still earn money.

Poker player, the word I used I withdraw it. But if you really feel what we feel you will use it more. This place we come from, we are being f*ucked everyday by our leaders. Our currency is valueless, our lives do not matter. The law is for the poor, the rich is immune. Our voices no one hear, our story is painted so black outside our country. We do not have option but to bow to the powers that be. The same power will search your phone, if wallet is seen in your phone you will be arrested. If vpn app is seen, you will be arrested. Bitcoin is showing us the right way and we trust bitcoin.

The bitcoin community continues to be strong in many countries and this is also the case for me. Many media reports about bitcoin and the state of the market all the time both online and offline. This will arouse the interest of many people to know what bitcoin or crypto is especially if they hear about other people's current success.

This is not a start, but it has been going on longer before but the slow pace of information has prevented people from knowing it sooner. In the next 5 to 10 years, bitcoin will be more famous than it is now, but of course there will be more scam attempts that will be stalking their victims as well.

I beleive its just the beginning, still lot of people need to learn about decentralized money so they can feel the real freedom of using the money. Even when its not regulated on nations and countries like Nigeria are actually against the cryptocurrencies still people can enjoy the perks imagine how wealthy the community if the government accept it.

Not only in Africa, but perhaps bitcoin has a pretty good impact on anyone who cares about it around the world. Bitcoin has a positive impact on the financial growth of users if they are investors or traders and has helped a lot in this regard. I have heard various success stories in different countries when they got involved in bitcoin and it is a fact that bitcoin really does not deserve to be antagonized by anyone including governments.

There are several people I know around me who have managed to buy houses, cars and make ends meet after getting to know bitcoin. They are traders and holders since 2017 and have proven to me that without a steady job anywhere they also earn. This may also happen in your country, but uniquely bitcoin is dominated by young people compared to those who are over 40 years old. Does this happen in your country too?

It's in general not only for the African youths that bitcoin has helped a lot of us.

There's even one point when it became a headline that trading bitcoin in some African countries was already the job that they're relying on. There have been a lot of traders there and currently, Morocco is at the top of it.

And these opportunities are going to keep coming for those that are interested to earn bitcoin. It's not just all about trading, everyone is starting to see that there are so many opportunities that we can learn on.

uchegod-21, I totally agree with you, bitcoin and crypto really give a lot of new opportunities to people, not only in Africa but all over the world, and many people are already using those opportunities.
However, I personally know the situation in Africa, and I know that most countries there have a problem with a dysfunctional state, lack of educational institutions, and a very large number of people do not have the basic conditions for living and working, such as electricity and Internet access.
The situation is usually better in big cities, although I hear that the Internet and electricity are often cut off, but outside the big cities the situation is very bad.
Still, I sincerely hope that at least some people in Africa will take advantage of all these opportunities that the crypto industry provides, and help their communities live better.

Better, relying on government employment leads to a communist country, which is a disaster.


Don't use that word again. Humans are not superior or inferior, we are different, some are better looking, taller, richer etc. but talking about superior and inferior takes us back to a time when the theory of human races predominated (instead of talking about ethnic origins as now) and it was assumed that some races were superior to others. We know how that ended, in Auschwitz and things like that.

Regarding the other thing you say, I am glad that Bitcoin has been an opportunity for people from African countries. The advantage is that nowadays everyone has at least a cell phone and is no longer dependent on physically going to a place to do manual labor to earn a living.


And I hope it will bring a lot more.

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.

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Translation: Nigerian Local Board (pigin)