It is very important for everyone to invest hugely in bitcoin. Bitcoin has proven Beyond reasonable doubt to be most valuable and profitable coin among others.
Bitcoin they decentralized no government or any financial body way fit dy In charge of it, automatically e mean say na only you dy in charge of your investment, no intruder or third-party fit enter.
Bitcoin na coin wey dey increase in value as time dey go,
E no too dy choke wen you Wan invest, mean say you fit invest as your pocket carry you at that point in time than maybe from time to time you fit dey top up your investment.
You see all this better better things way attached with bitcoin investment no be watin I go advise anybody to dy miss out.
Topic: Should Nigerians consider buying of bitcoin? (Read 130 times)
Wether or not should Nigerians buy bitcoin depends on various factors including there risk tolerance,financial goals and understanding of the cryptocurrency market,here are some are some points to consider.
Pros of buying bitcoin for Nigerians:
-Potential for high return:bitcoin has been historically recognised as a high-rish,high-reward investment with potential and significant price application.
Some good points concerning why our citizens should consider Bitcoin but I disagree with the sayng that Bitcoin is a high risk and high reward invest, there's no doubt that it's not totally risk free the risk involved is worth it moreover if the risk involved in investing in Bitcoin was that high, I don't think developed countries would be thinking of buying the reserve nor top international business men saving it for the future.Pros of buying bitcoin for Nigerians:
-Potential for high return:bitcoin has been historically recognised as a high-rish,high-reward investment with potential and significant price application.
Bitcoin is very risk tolerance and if followed rightfully comes with lots of benefits making it not all risky compared to other cryptocurrencies that one can invest on and lose out completely the high level of volatility coupled with some good methods of investing on Bitcoin makes it easy for lose to be recovered therefore i don't consider it as something that's very risky.
The good thing is that, those that doesn't know all these features Bitcoin investments has are still benefiting vigorously more than those with bunch of crypto knowledge, it's very annoying this way. Bitcoin ecosystem does not discriminate the rich or the poor, the old or the young, it's just create the atmosphere for all to come and experience the benefit of decentralization.
Nigeria even me had never known and understood what decentralized actually brings owning some quantity of Bitcoin, seeing it getting value, withdrawing it without kyc, and more in your wallet says it all.
Nigeria even me had never known and understood what decentralized actually brings owning some quantity of Bitcoin, seeing it getting value, withdrawing it without kyc, and more in your wallet says it all.
It is also important too know that bitcon is proving to be a store of value and a hedge against inflation if you can hold it in long term. Also it is a speculative asset in short term which some people see as an advantage to wait and buy at a low price.
Inflation will erode your fiat, while long-term Bitcoin savings will have a more positive impact on your financial growth potential. Those who are not interested in publicly disclosing their wealth can hold Bitcoin for the long term, where the government has no access and you are the sole owner. Bitcoin is a store of value and holding it as a Federal Reserve in Nigeria can greatly reduce the country's financial crisis, that can be a real hedge against inflation.Another advantage is having 100% access to your own money. Unlike banks that have 100% access to your money in banks and which government and regulators can control. We have seen situations that we can really appreciate being our own bank.
You have made a valuable statement that we can have our own bank. By depositing Bitcoin, we can operate our own banking system through which transactions will be conducted through our own entity without the intervention of any third party. In the country's banking system, money transactions are monitored centrally and in case of a financial crisis in the country, accumulation Bitcoin and enjoying financial freedom is a way to keep your money independent.
If it is only thing Nigerian youths should invest on to avoid or reduce the rate at which poverty is circulating and also to reduce crimes in the society i will highly support this motion that started that should all Nigerian buy Bitcoin, actually buying Bitcoin is the best investment any Nigerian should go for because you will not only benefit from it but it will also sever as means of payment and relief you from stress too.
And apart from all the benefits you made mentioned above, another important factor why as a Nigerian it's good to invest in Bitcoin is it's ability to enable us avoid inflation of our investment capital over time. Because we all know howfa our Naira to dollar do full drastically over the past few years, so has Bitcoin done the opposite by increasing in value over the years, hence making it a sure asset for long term investment.
It's of reality that the major factor which you highlighted as inflammation should tell any Nigerian the necessity while Bitcoin investment should not overlook because any economy or nation which has no regulations on it inflation and which also inflation can rise hundred percent within first quarter of a year as well beyond hundred percent citizens really need good alternative because dependants of such will never make good progress and having investment on such economy will definitely crash such investment Bitcoin is the best to wage war against such all we Nigeria need is a bold step to move on with this very alternative of Bitcoin.
I want you to take a look at the video in this link. it's by far more reason why Nigerians should start using btc as a store of value and a means of storage than the normal bank. Imagine leaving a huge sum of money in the bank hoping that when God call, it would be passed on to your bereaved family... But instead the bank claims that no such money existed on such account. Thiefs I would say... Again, Bitcoin over time has proven to be a good investment for everyone and anyone who has money to invest... Instead of letting the bank make interest over our hard earned money, why don't we just buy BTC and watch your money grow over time....
omo. i watched the video from start to end and the only thing i fit talk be say, it is well.trusting the banking system for the keeping of huge amount of money na very risky thing and when you de try follow up cases like this, iof you no de careful, your life fit enter inside because those werey go think say them don see free 500 million when them wan steal and if you try standing in their w ay and you no hold your ground well, de fit send you overboard just to keep the money to themselves.
investing in bitcoin go get a lot of advantages and one of them na say e go save you from this kind of life threatening drama. another thing be say death no be wetin anybody know when e go come and a lot of people no even de plan for am. if you get bitcoin when you de hold and the dies without anybody knowing about it, you gat also know say that one don loss like that because e no get how you wan take de visits anywhere say you wan recover your brothers holding except you give the person access to your portfolio.
And apart from all the benefits you made mentioned above, another important factor why as a Nigerian it's good to invest in Bitcoin is it's ability to enable us avoid inflation of our investment capital over time. Because we all know howfa our Naira to dollar do full drastically over the past few years, so has Bitcoin done the opposite by increasing in value over the years, hence making it a sure asset for long term investment.
To profit from bitcoin investments, I believe a trader must be patient. Such a trader must be prepared to hodl for an extended period of time because that is the only way for him to get a good return on investment. Some people buy bitcoin and will never get their mind off it. They want to see how the coin is doing every minute.
Traders like this cannot hodl for long, and they have a tendency to sell as soon as the coin's value rises, or to be overly emotional and regret buying the coin if its value drops. The key to profiting from bitcoin is to hold it for a long time.
Traders like this cannot hodl for long, and they have a tendency to sell as soon as the coin's value rises, or to be overly emotional and regret buying the coin if its value drops. The key to profiting from bitcoin is to hold it for a long time.
Based on the way wey our economy no really dey sable, we as Nigerians suppose to focus or goals to achieve big from Bitcoin investment because this nah valuable asset. If we invest for Bitcoin and hold for long term I dey very sure say person go make a 100% profits from ham. Although, person need to dey consist while em dey invest for Bitcoin because that nah the only way to accumulate big from ham.
I think this pros will be very beneficial, but we have to always come down to the least person in the society that is probably striving to meet end needs. That number one is what I think might concern every single Nigerian that wants to a good life. Of course, Nigerians are very hardworking, and investment is our thing (don't know if it's everywhere, but it is in few states that I know of). We even diversify out investment into as many things as possible, but only if majority of us knows about Bitcoin, and be willing to invest in it as well. If a typical Nigeria man can secure a piece of land for more than 10 years, then Bitcoin shouldn't be different.
I think it's high time we start investing in more efficient asset like Bitcoin. But unfortunately, digital illiteracy and other factors has been separating so many Nigerians from doing so.
I think it's high time we start investing in more efficient asset like Bitcoin. But unfortunately, digital illiteracy and other factors has been separating so many Nigerians from doing so.
There are many reasons to invest in Bitcoin because Bitcoin is one thing that is revolutionizing the world financial system because knowing that Bitcoin is decentralized making it an independent financial system that is free from the control of a third party like banks or government which has put Bitcoin as one this that every one wants to invest in investing in Bitcoin will give unlimited financial transportation as sending money abroad will be less busy because with Bitcoin the issue of going to your traditional bank to sending money abroad will be reduced
With the current state of the Nigerian economy Bitcoin investment is one business that people are currently doing to survive because Bitcoin has been shown and consistent to grow over time and this fast growth property of Bitcoin is what is causing it to be financially attractive because you can actually buy Bitcoin at a lower rate and sell it at a much higher rate and actually make profit so there are a lot of reasons why people should invest in Bitcoin
With the current state of the Nigerian economy Bitcoin investment is one business that people are currently doing to survive because Bitcoin has been shown and consistent to grow over time and this fast growth property of Bitcoin is what is causing it to be financially attractive because you can actually buy Bitcoin at a lower rate and sell it at a much higher rate and actually make profit so there are a lot of reasons why people should invest in Bitcoin
I want you to take a look at the video in this link. it's by far more reason why Nigerians should start using btc as a store of value and a means of storage than the normal bank. Imagine leaving a huge sum of money in the bank hoping that when God call, it would be passed on to your bereaved family... But instead the bank claims that no such money existed on such account. Thiefs I would say... Again, Bitcoin over time has proven to be a good investment for everyone and anyone who has money to invest... Instead of letting the bank make interest over our hard earned money, why don't we just buy BTC and watch your money grow over time....
It is also important too know that bitcon is proving to be a store of value and a hedge against inflation if you can hold it in long term. Also it is a speculative asset in short term which some people see as an advantage to wait and buy at a low price.
Another advantage is having 100% access to your own money. Unlike banks that have 100% access to your money in banks and which government and regulators can control. We have seen situations that we can really appreciate being our own bank.
Another advantage is having 100% access to your own money. Unlike banks that have 100% access to your money in banks and which government and regulators can control. We have seen situations that we can really appreciate being our own bank.
Wether or not should Nigerians buy bitcoin depends on various factors including there risk tolerance,financial goals and understanding of the cryptocurrency market,here are some are some points to consider.
Pros of buying bitcoin for Nigerians:
-Potential for high return:bitcoin has been historically recognised as a high-rish,high-reward investment with potential and significant price application.
-Limited access to traditional assets:for some Nigerians investing in bitcoin,bitcoin maybe more accessible than investing investing in traditional assets such as real estate or stocks.
-Diversification:bitcoin can provide a diversification benefit for Nigerian investors,as it performance is not directly correlated with the Nigerian currency and stock market.
-Remittance and cross-border transaction:bitcoin can be use to facilitate across-border transactions and remittance which can be beneficial for Nigerians and international business owners.
Pros of buying bitcoin for Nigerians:
-Potential for high return:bitcoin has been historically recognised as a high-rish,high-reward investment with potential and significant price application.
-Limited access to traditional assets:for some Nigerians investing in bitcoin,bitcoin maybe more accessible than investing investing in traditional assets such as real estate or stocks.
-Diversification:bitcoin can provide a diversification benefit for Nigerian investors,as it performance is not directly correlated with the Nigerian currency and stock market.
-Remittance and cross-border transaction:bitcoin can be use to facilitate across-border transactions and remittance which can be beneficial for Nigerians and international business owners.
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