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Author Topic: The common man and Bitcoin.  (Read 867 times)
Tmoonz
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October 17, 2024, 11:02:25 AM
 #41

The term common man here refers to an average man "financially". Man wey e be say e no too get but sometimes e dey meet up with life demands.
Many of us here be "common man" , and I wan talk about how some of us they view Bitcoin!.
So many common man dey view Bitcoin as some gateway to financial stability, which dey very wrong in every aspect.
Them dey fail to see Bitcoin in the same plight as the original creators of Bitcoin. Although even though we no know them , but at least we all know say Dem no create Bitcoin as something wey go liberate people from poverty but as something wey go give person sovereignty over their financial assets.
The common man the fail to see this side , instead them see Bitcoin as some get rich quick scheme.
Everybody now an then dey hurrily invest for Bitcoin or other altcoins without getting proper knowledge of wetin e be Dem dey dive into.
If only dey common man fit see Bitcoin the right, ?Bitcoin for dun fulfill it's true purpose wey dem creators carry for mind.


Bitcoin has several potentials but majorly much emphasis are given to it as that which has brought hope for mankind by giving or offering that very financial liberty without interference of any authority such as government. However, I will say that such purpose has already been achieved  or accomplished by Bitcoin over the years since it's invention and at such, Bitcoin didn't need the view of any common man as to this regards to fulfill it purpose. Surely, common man can become successful in Bitcoin investment if only he or she has that personal conviction and believes in the true potentials that Bitcoin holds, by having a long term perspective or plans, identify how much of his disposable income after taken care of basic needs with a provisional emergency funds, with dca strategy even though consistency and patience is required, there is a high possibility having a successful Bitcoin investment if hold for as long as necessary.

 
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Marykeller
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October 17, 2024, 01:12:25 PM
Merited by Jegileman (1)
 #42

The common man the fail to see this side , instead them see Bitcoin as some get rich quick scheme.
Everybody now an then dey hurrily invest for Bitcoin or other altcoins without getting proper knowledge of wetin e be Dem dey dive into.
If only dey common man fit see Bitcoin the right, Bitcoin for dun fulfill it's true purpose wey dem creators carry for mind.
OP, if you still check, Bitcoin still d fulfill its purposes despite sae people d see am as a means to elevate their financial status. However, if we should go back to the history of Bitcoin price, the price it was years back, we go begin to the have the thought that Bitcoin can elevate one financial status in the long term, and there's nothing bad if person to have the idea of hodling bitcoin for long term and still selling it at a high price. By the way, wealth creation to humanity is still part of Satoshi true purpose of creating Bitcoin. Nothing spoil Bitcoin with that kind of idea coming to people "to buy Bitcoin at a low price and sell at a high price''.

OP, come to think of am, assuming there was nothing like wealth creation through Bitcoin investment, do you think we go still find people globally, who want to invest in Bitcoin by all means considering its volatile nature, wey be sae there are other assets one could have.

That said, I think sae na because of the potential profits we stand to gain in the future na why we d see Bitcoin stand out as the best asset to have for the future, cos as for we can see other mediums that offer the same offers as Bitcoin does

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AmaGold70
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March 15, 2025, 07:30:50 AM
 #43

The term common man here refers to an average man "financially". Man wey e be say e no too get but sometimes e dey meet up with life demands.
Many of us here be "common man" , and I wan talk about how some of us they view Bitcoin!.
Let's be realistic here, the thing wey you talk about how some of us dey see Bitcoin na true for some points o, i gree for everything but I have never seen Bitcoin as a get rich quick scheme but of course it's a way for me to invest and double my assets. Bitcoin's potentials is exactly what is drawing investors to invest in it so it's still doing exactly what it was created for, it's still fulfilling the purpose of why it was created.

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March 15, 2025, 08:58:02 AM
Last edit: March 17, 2025, 08:59:31 AM by Promocodeudo
 #44

The term common man here refers to an average man "financially". Man wey e be say e no too get but sometimes e dey meet up with life demands.
Many of us here be "common man" , and I wan talk about how some of us they view Bitcoin!.
So many common man dey view Bitcoin as some gateway to financial stability, which dey very wrong in every aspect.
Them dey fail to see Bitcoin in the same plight as the original creators of Bitcoin. Although even though we no know them , but at least we all know say Dem no create Bitcoin as something wey go liberate people from poverty but as something wey go give person sovereignty over their financial assets.
The common man the fail to see this side , instead them see Bitcoin as some get rich quick scheme.
Everybody now an then dey hurrily invest for Bitcoin or other altcoins without getting proper knowledge of wetin e be Dem dey dive into.
If only dey common man fit see Bitcoin the right, Bitcoin for dun fulfill it's true purpose wey dem creators carry for mind.

Your writeup is really nice but the thing is individuals has a ways the see things differently and we can change that fact, as for Bitcoin fufulling it's purposes, buddy I think Bitcoin has done a lot regarding to its purposes and it is still doing it, one purpose of Bitcoin creation was fastracking transactions within Bitcoin network which has not stopped instead it has grown to another level, another one is Bitcoin being accepted as a legal tender which is also coming to accomplishment soon by gradual process though that will be an individual country decision to make, mate there was a thread in the speculation board that has been locked and the title of the thread is Road to 100k, it simply means that 100k was an expected milestone for Bitcoin which it did reach and we'll still go higher no matter what may in the future.
As for people seeing Bitcoin as a get rich quick kind of investment, it means that such people don't understand Bitcoin itself, Bitcoin is a long-term asset as such whatever an investor is expecting from Bitcoin investment will depend on such investor level of buying, perseverance, patience to hodl to the future or long-term if not, there wouldn't be magic to get their.
Most people that hastily invest in Bitcoin without being aware of the preliminary will have to bounce out quickly such is life, that's my take on this.

 
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fredericktaylor
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March 15, 2025, 07:21:13 PM
 #45

The term common man here refers to an average man "financially". Man wey e be say e no too get but sometimes e dey meet up with life demands.
Many of us here be "common man" , and I wan talk about how some of us they view Bitcoin!.
So many common man dey view Bitcoin as some gateway to financial stability, which dey very wrong in every aspect.
Them dey fail to see Bitcoin in the same plight as the original creators of Bitcoin. Although even though we no know them , but at least we all know say Dem no create Bitcoin as something wey go liberate people from poverty but as something wey go give person sovereignty over their financial assets.
The common man the fail to see this side , instead them see Bitcoin as some get rich quick scheme.
Everybody now an then dey hurrily invest for Bitcoin or other altcoins without getting proper knowledge of wetin e be Dem dey dive into.
If only dey common man fit see Bitcoin the right, Bitcoin for dun fulfill it's true purpose wey dem creators carry for mind.

The bitcoin points that you have brought up are really nice, another fact that bitcoin can be a promising profitable path for a person. Just imagine, those who invested in Bitcoin from the beginning and saved patiently and those who couldn't be patient when they recovered their lost wallets, imagine if they had realized that the value of Bitcoin would increase so much in the future, they would have saved thousands of Bitcoins and maybe they would have been one of the few richest people in the world. But now it is very difficult to save a bitcoin. If an investor can continue to invest patiently and manage the investment cycle properly and maintain financial stability then success will come. An investor's success depends on whether his holdings are dealt with or through a strategic investment process.


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March 15, 2025, 07:48:40 PM
 #46

Every common man want to hold assets that is potential to investors to earn income, both short and long term which dey have seen bitcoin as d asset dey can hold to experience how d asset work before dey can introduce it to others people around dem, Just look d way naija people are hunger for holding bitcoins for long term because dey no say common man can easily earn funds from bitcoin, dey can save funds in bitcoin without touching d bitcoin until it increases because how long u hold will determine how huge your income will b wen u are ready to release dem for sale.

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March 15, 2025, 07:58:30 PM
 #47

The term common man here refers to an average man "financially". Man wey e be say e no too get but sometimes e dey meet up with life demands.
Many of us here be "common man" , and I wan talk about how some of us they view Bitcoin!.
So many common man dey view Bitcoin as some gateway to financial stability, which dey very wrong in every aspect.
Them dey fail to see Bitcoin in the same plight as the original creators of Bitcoin. Although even though we no know them , but at least we all know say Dem no create Bitcoin as something wey go liberate people from poverty but as something wey go give person sovereignty over their financial assets.
The common man the fail to see this side , instead them see Bitcoin as some get rich quick scheme.
Everybody now an then dey hurrily invest for Bitcoin or other altcoins without getting proper knowledge of wetin e be Dem dey dive into.
If only dey common man fit see Bitcoin the right, Bitcoin for dun fulfill it's true purpose wey dem creators carry for mind.

There are many reasons for the common man to think of Bitcoin as a get rich scheme. Common people are always looking for ways to get rich. Common people do various researches on Bitcoin from time to time to keep their family well. Many people think of Bitcoin as a trading platform. They think investing money in Bitcoin is trading. Many people are rightly afraid of this volatile market system of Bitcoin, but most of the time they succumb to greed out of fear. But when a common man gets worried about market volatility. They think that all the money they have invested will be lost.

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March 15, 2025, 08:09:59 PM
 #48

I can tell you that no one started investing in bitcoin after having the whole knowledge, some of them started after having the basic knowledge apart from the devs. Though, most of us here are learning while we are accumulating so that we won’t end up missing out while we go for the knowledge and stuff.

The truth is that due to the volatility and price fluctuations a lot folks as actually use bitcoin to changed their lives for the better and is still going to change more lives , as you have the opportunity to invest now try and make advantage of it because pretty soon the price would be totally different from now after experiencing some several surges.


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March 15, 2025, 08:10:30 PM
 #49

Bitcoin has been seen as the tools of financial freedom, it has offers an alternative to traditional banking systems which it give people freedom over their funds, giving people financial freedom over thier funds without a thirds party, for some time now bitcoin has been be know as an hedge against inflation.
If we check some county's that have a weaker currency bitcoin has proofing to so many people that it allows you to store all kinds of valuable information, and making an crossover bored transaction with any difficulty.

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March 15, 2025, 08:45:18 PM
 #50

I can tell you that no one started investing in bitcoin after having the whole knowledge, some of them started after having the basic knowledge apart from the devs. Though, most of us here are learning while we are accumulating so that we won’t end up missing out while we go for the knowledge and stuff.

The truth is that due to the volatility and price fluctuations a lot folks as actually use bitcoin to changed their lives for the better and is still going to change more lives , as you have the opportunity to invest now try and make advantage of it because pretty soon the price would be totally different from now after experiencing some several surges.


we were all novices then grow to this level in bitcoin, just start with little knowledge and accumulate more. In fact those that are making huge money from holding don't even have the knowledge you have in bitcoin years most people with bitcoin knowledge don't have any quantity of bitcoin atall. But those without the knowledge can just buy and keep in their wallet for long time.  When you have knowledge of bitcoin it's help you not to panic and sell in dip but those without knowledge might just sell with fear of dip Market.  

In essence, don't wait till learn everything about bitcoin before you start to buy, because everyday is too late to buy Bitcoin the price added value daily. So if one have money buy now and hold then smile tomorrow.

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March 15, 2025, 09:48:02 PM
 #51

Bitcoin don dey in existence for long and the purpose why e dey introduced don they turn to achievable. The creator of Bitcoin go dey happy with the mass adoption wey Bitcoin don get since the adoption and na very good development for the long time goal of Bitcoin. Bitcoin earlier on na something wey people been dey advertise about to invite people to own.

But today e don already go far from where e start from and the thing no need anyone to advertise am but na him dey advertise itself now. The common man should look for the possible opportunities they can get from bitcoin, which is mostly as an investor in the market before even considering to explore it more into the trading aspect because of the risk in it.

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March 15, 2025, 10:54:14 PM
Merited by CryptopreneurBrainboss (2)
 #52

OP as e be now, we no go fit say bitcoin never achieve wetin the creators dem been varry for mind,  the truth be say the thing we d creators dem carry for mind,  bitcoin don achieve plenty of am and still dey achieve more and no be d influence of d common man alone go fast forward d achievement by bitcoin,  e get some achievement wey need time and so e go take time no mata wetin we do before dos tins go dey achieved by bitcoin and d common man.

For bitcoin to achieve everything wey dem been create am to achieve,  e go need collective effort of both d common man and d big boys, na ecosystem wey need everybody to put body and no be say only one group of pipo go put body make am work den e go work. But no be lie sha e get as common man go put body d bitcoin waka go make sense and na sharp shar e go reach where e supposed reach but den senior men too go gets dey involved.

 
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March 15, 2025, 11:48:53 PM
 #53

The term common man here refers to an average man "financially". Man wey e be say e no too get but sometimes e dey meet up with life demands.
Many of us here be "common man" , and I wan talk about how some of us they view Bitcoin!.
Let's be realistic here, the thing wey you talk about how some of us dey see Bitcoin na true for some points o, i gree for everything but I have never seen Bitcoin as a get rich quick scheme but of course it's a way for me to invest and double my assets. Bitcoin's potentials is exactly what is drawing investors to invest in it so it's still doing exactly what it was created for, it's still fulfilling the purpose of why it was created.
Different day between we they invest to make profit and to invest and to escape poverty so fast, the profit way you invest to make you already don ready your mind for am and you no they in a hurry to make am because bitcoin self no be the type way go give you that sharp sharp money, the best way self to carry survive nah to see am as means to carry save our money and get something in return after a long run and no be to they view am the way some people they view am like say eh fit turn $100, into $100,000 just under few months.
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March 16, 2025, 07:27:16 AM
 #54


The common man the fail to see this side , instead them see Bitcoin as some get rich quick scheme.
Everybody now an then dey hurrily invest for Bitcoin or other altcoins without getting proper knowledge of wetin e be Dem dey dive into.
If only dey common man fit see Bitcoin the right, Bitcoin for dun fulfill it's true purpose wey dem creators carry for mind.

Na true wey you talk bro. Most people now dey see bitcoin as investment opportunity while no be the real purpose be that. The real purpose na for privacy to the exclusion of third party in your dealings using bitcoin whether by government or any middle man, no bank involvement. But whether unfortunately or fortunately, men still discover say every four years bitcoin dey rise in price when the split happen wey be halving, omo na so people turn am to investment opportunity oo. Na who we go na blame when bitcoin started when e no get value wey Laszlo Hanyecz buy two pizza with 10,000 btc to now wey the price hit $100k, Omo na so we take see ourselves there oo.

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MarryWithBTC
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March 16, 2025, 03:22:05 PM
 #55

Bitcoin is all about freedom. With what bitcoin has become in today's world, what Satoshi thinks about bitcoin no longer matters. What you think, no longer matters, What the government thinks no still matter. Na freedom wey matter. For you, You want to follow Satoshi purpose, to me I want to marry with bitcoin, another person want to profit.

Who told you that bitcoin cannot make a common man rich. A common man wey you describe for Op, for is consistent in buying bitcoin with what ever he has will become a rich man by 2030.
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March 16, 2025, 05:10:49 PM
 #56

The term common man here refers to an average man "financially". Man wey e be say e no too get but sometimes e dey meet up with life demands.
Many of us here be "common man" , and I wan talk about how some of us they view Bitcoin!.
So many common man dey view Bitcoin as some gateway to financial stability, which dey very wrong in every aspect.
Them dey fail to see Bitcoin in the same plight as the original creators of Bitcoin. Although even though we no know them , but at least we all know say Dem no create Bitcoin as something wey go liberate people from poverty but as something wey go give person sovereignty over their financial assets.
The common man the fail to see this side , instead them see Bitcoin as some get rich quick scheme.
Everybody now an then dey hurrily invest for Bitcoin or other altcoins without getting proper knowledge of wetin e be Dem dey dive into.
If only dey common man fit see Bitcoin the right, Bitcoin for dun fulfill it's true purpose wey dem creators carry for mind.

Sometimes experience is the best teacher, when dem don get their own experience e go easy for them to come understand wattin bitcoin be. E get some people wey no dey like listen when you dey tell dem the truth dome be like doubting Thomas only  when dem see before dem go believe.  All those kind people naim I dey like to leave make them get their own story. Even as profitable as bitcoin is,  People still dey loss money for inside. No be bitcoin cause this one now, na dem fail to follow the right procedure. Person wey never understand to some depth in crypto no suppose rush enter crypto trade, because  na loses just dey wait for am for front, however na why long term investment dey so that you fit they do that one make you for they get the small small idea on how the market dey operate before you think of to do any other thing wey you wan do. But I'll not advise anyone to go for short term except say you don sabi your risk management and u no be newbie.

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March 19, 2025, 07:41:14 PM
 #57

This is the more reason that education and information about Bitcoin related investment is needed because I have seen that a lot of people came into Bitcoin with the stories of what they have heard about people talk so they get disappointed when they finally see that what they where thinking is not what is on ground, the common man has a long way to go because with what i have seen they are mostly people who are just looking for a way out of financial problems and they see bitcoin as a quick way out of their problems


This narrative could be changed if a proper guid is given and let them know what Bitcoin is all about before going because I have really seen most people get disappointed when ever they find out that Bitcoin is actually not something that they can get return quickly and most people usually quit from it.



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March 20, 2025, 01:29:10 PM
 #58

Bitcoin is all about freedom. With what bitcoin has become in today's world, what Satoshi thinks about bitcoin no longer matters. What you think, no longer matters, What the government thinks no still matter. Na freedom wey matter. For you, You want to follow Satoshi purpose, to me I want to marry with bitcoin, another person want to profit.
Wen u have BTC, u have freedom op because u are fully in control of your BTC in your wallets and u can change your mind to trade your BTC without contacting 3rd party that u want to sell your BTC. Your key is your BTC, no family members or friends can use your keys to gain access to your BTC without your approval or permission, because all the tools to accessing your coins are in your hands.

Even though na the freedom matter, we still need to follow the reason the founder of BTC created it for so that other people will not mislead BTC wrongly to people that will like to show interest in the future.


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cxtreenal
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March 20, 2025, 05:28:57 PM
 #59

The term common man here refers to an average man "financially". Man wey e be say e no too get but sometimes e dey meet up with life demands.
Many of us here be "common man" , and I wan talk about how some of us they view Bitcoin!.
Let's be realistic here, the thing wey you talk about how some of us dey see Bitcoin na true for some points o, i gree for everything but I have never seen Bitcoin as a get rich quick scheme but of course it's a way for me to invest and double my assets. Bitcoin's potentials is exactly what is drawing investors to invest in it so it's still doing exactly what it was created for, it's still fulfilling the purpose of why it was created.
Different day between we they invest to make profit and to invest and to escape poverty so fast, the profit way you invest to make you already don ready your mind for am and you no they in a hurry to make am because bitcoin self no be the type way go give you that sharp sharp money, the best way self to carry survive nah to see am as means to carry save our money and get something in return after a long run and no be to they view am the way some people they view am like say eh fit turn $100, into $100,000 just under few months.
Of course! Bitcoin alone will not make you rich if you do not know the right investment strategy. For some people, Bitcoin is an investment and they are saving instead of fiat. Others want to get rich through trading. Bitcoin may be trustworthy but investors are restless for quick profits in its early stages. Investing is for wealth growth but Bitcoin investment should be for accumulation. Bitcoin takes to go through a complete cycle is four years or more to reach full maturity. You will be prepared for a more colorful Bitcoin investment in the future.

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March 20, 2025, 07:58:47 PM
 #60

Bitcoin still na investment opportunity which means say na assets and e go dey appreciate for value, although em fit no lift you up from poverty because you need money to take buy am, come leave am for long make e fit dey very profitable for you. Bitcoin price from em history, the price dey go up as investors dey adopt am. We don see say after each halving, Bitcoin dey make new ATH and bull run dey follow, so if we fit dedicate money take invest into am with DCA for at least one cycle, we go get enough BTC and after long-term investment period (4 - 10 years or more),  your BTC fit don rise in value and you go take am do as you want or continue to hold for as long as you wish.

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