The common man and Bitcoin.

[iBaba]

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.

The best part of learning is when you acquire the knowledge and practice along side. In fact, the best form of bitcoin investment is when you put your resources to it. That is when you fail, you will fail forward. There is this idea that you learn with practical knowledge and that remains the best form of learning. Always try to start small without necessarily having all the big funds to invest. Whenever you say you're going to wait till you have the big money, you might end up not starting at all. It takes a bold step for an individual to start investing, but once you begin, you have successfully break that jinx.

[Stable090]

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.

For dis country, everything wey everybody Dey think about na just money, most people believe say immediately dem start bitcoin, Dey don rich already be that, but person wey create bitcoin purpose Dey different, him want make bitcoin serve as alternative currency, him want make we Dey use bitcoin Dey run transaction d way we Dey use fiat currency, but most government no gree because dem no fit control bitcoin now, and d government no like anything wey dem no fit control.

Most people wey Dey join bitcoin now no really sabi why dem even create bitcoin self, Wetin all of dem Dey reason na to just increase their money if dem put money for bitcoin, and Dey don’t even care to know why bitcoin was created. Na just easy money na him my people Dey find up and down.

[Mehmet69]

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.

The best part of learning is when you acquire the knowledge and practice along side. In fact, the best form of bitcoin investment is when you put your resources to it. That is when you fail, you will fail forward. There is this idea that you learn with practical knowledge and that remains the best form of learning. Always try to start small without necessarily having all the big funds to invest. Whenever you say you're going to wait till you have the big money, you might end up not starting at all. It takes a bold step for an individual to start investing, but once you begin, you have successfully break that jinx.

Of course, a person's discipline and acquiring the right knowledge the key to a person's success. If someone only has knowledge but never applies that knowledge, then he will not be able to succeed. On the other hand, if someone has a little knowledge but has the right practice, then he will be able to acquire knowledge over time. And he will be able to reach the edge of success.

Yes, there are many people in the forum who have the right idea about Bitcoin investment. But they are not able to invest for some reason. In my opinion, they have complete knowledge but only lack regular practice

[RockBell]

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.

and people who take Bitcoin seriously don't really have much because they know the value of holding Bitcoin. There is no way that you won't want to own a Bitcoin, and this is why, for various reasons, people will choose Bitcoin over plenty of things. and true that it brought hope to the people because they want to have something extra to do and bitcoin is given them that privilege.

And the authorities don't like the existence of Bitcoin this is why some countries have refused to show any backing for Bitcoin because who would have believed that Bitcoin the government should not interfere that is when they will come with the issue of taxing and many more because this more reason the government should be on there own, and if you have bitcoin has an individual it will be better to just hold because that is the important thing to do so that when the price eventually increases you can either continue to hold or you sell.

[Lembo69]

There are about 1200 currencies in cryptocurrency, but Bitcoin is a volatile and volatile currency, just like if there is a white hole on a blackboard, people will notice that hole first, in the same way, the attraction to the concept of Bitcoin increases in cryptocurrency,

 even if an ordinary investor makes a profit of 20x from his investment, he is still successful, you mentioned that Bitcoin cannot be invested to get rich, but there are many people who have already become rich by building their Bitcoin portfolio.
Every person wants to be rich, be it ordinary or extraordinary, everyone wants to improve their position, but for a common person,

 Bitcoin investment becomes very difficult, so common people should invest step by step, and use the market volatility, if someone decides to invest some of their income, then my advice to him is that you can think more about Bitcoin, but for a common person it can be a cause of widespread stress' The reason is that if any risk comes after your investment, then your blood pressure can increase.

However, the principle of Bitcoin for everyone, ordinary or rich, is one, the reason worth mentioning is the blockchain. I have heard of many common people who have been successful in investing in the past, and they are still trying to hold on to their investments for a long time, sometimes when the market is stable, they will be successful again

[Sonia_123]

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.

You no go blame them na the situation wey dem find dem self be that because for naija where person dey stay see food chop na him e know sey dey survive dem na so e be because of signature campaigns and others jobs wey dey the forum wey dem dey do take make money put food for table, with our present economy situation for Naija, na him make dem see am like that, no be sey dem no know wetin Bitcoin dey for, they are just carried away by how Bitcoin is solving their financial needs.

[Yucky]

The truth is that some people don't even care to know much about Bitcoin, they just heard  that it's a way to make money. And people who have invested in it, cashed out big, and that's all they care about.

Because of the bad economy and how  it can affect someone's mental health. But it's better not to put your hands into something you don't fully understand. Something that might lead to loss, especially if scammers identify that you're desperate. They might just scam you.

It's better to calm down and not stop looking for get rich quick  Instead do something else that you can trust the process. Invest in something where you can see your money grow, like buying and selling physical goods. That kind of thing then as you understand the Bitcoin Ecosystem you can invest. Make we no let bad economy drive us enter wahala

[Belarge]

Me as common man no Dey see bitcoin as get rich quick something but you suppose know say as a result of the volatile nature of the coin, a lot of people don already Dey seize better opportunities to Dey collect some profits from am and that no be bad idea because at the end of the day, e go still serve him purpose.
I also agree with you say, we no suppose see bitcoin as a get rich quick scheme but that one jo suppose mean say make we no Dey grab the better things wey Dey follow am.

[Odusko]

Bitcoin can be adopted by all classes in the economy and at that we have the same level of Bitcoin units acquisition for that we ought not to call anyone common or rich among ourselves one thing about Bitcoin is that it can be owned by anyone without the other person knowing how much Bitcoin they are Worth so for that you may see a newbie in the forum but already a pro in Bitcoin investment, so for us to discuss this issues of class separation in Bitcoin investment we must deal with it on a case by case method and not to generalize things altogether. Most Nigerians here are made up of various economic classes for that we must separate the real DCA practitioner from the whales because our purchasing power may not be the same, but both the middle-class Bitcoin investors and the whale's investors are all actors in the Bitcoin market and that is what matters most

[Abdulzuruku01]

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.

As a common man e no good to dey view Bitcoin as a get-rich- quick scheme, because if you invest without understanding the risk e fit put you for serious financial loses. Bitcoin investment no dey like gambling wey u go expect to make am for just one stand and na gambling even worst pass. Bitcoin price dey fluctuate rapidly and if you can not control your emotions forget Bitcoin investment is not for you because Bitcoin investment get negative experience too and which fit lead you to loss of trust to invest in Bitcoin na why you need to get proper knowledge before you invest in Bitcoin or anything.

[Shadiq]

Most of the people who suffer losses from Bitcoin are those who see Bitcoin as a store of money or are tempted by the temptation to earn more profits from Bitcoin. This is where most people make a mistake, if they had researched Bitcoin or gained knowledge about Bitcoin, then maybe they would have understood the purpose of discovering Bitcoin or known how to use Bitcoin correctly. Most people in our country or other countries see Bitcoin or Altcoins as a scam only because of little knowledge or because they have suffered losses due to misuse.

Different types of people use Bitcoin in different ways or see it in different ways. Traders see Bitcoin as a means of earning profits, ordinary investors see it as an investment medium with long-term profits and financial sovereignty and security. Even some wealthy individuals use Bitcoin to maintain their financial sovereignty and secure stash. Essentially, everyone uses Bitcoin to maintain sovereignty, but their goals are different.

[sotelorene]

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.

No be only common man dey see Bitcoin as a get rich quick something because e get some poor and rich wey dey feel say Bitcoin na easy something wey go fit give person profit asap and the reason why them dey feel or think like this na because of waiting them dey see for social media and waiting some fraudster dey talk about am and so because they no get knowledge they go just believe say na so e be. Ah no understand waiting you mean by if the common man fit see Bitcoin right, Bitcoin for don fullfil en purpose and which purpose do you think Bitcoin was created for?

[Donneski]

Most of the people who suffer losses from Bitcoin are those who see Bitcoin as a store of money or are tempted by the temptation to earn more profits from Bitcoin. This is where most people make a mistake, if they had researched Bitcoin or gained knowledge about Bitcoin, then maybe they would have understood the purpose of discovering Bitcoin or known how to use Bitcoin correctly. Most people in our country or other countries see Bitcoin or Altcoins as a scam only because of little knowledge or because they have suffered losses due to misuse.

Different types of people use Bitcoin in different ways or see it in different ways. Traders see Bitcoin as a means of earning profits, ordinary investors see it as an investment medium with long-term profits and financial sovereignty and security. Even some wealthy individuals use Bitcoin to maintain their financial sovereignty and secure stash. Essentially, everyone uses Bitcoin to maintain sovereignty, but their goals are different.

Half knowledge they say is worst than ignorance and that's why you tend to see people whose knowledge about Bitcoin are very limited tell you that it's a scam. Sometimes, I don't even waste my time to engage these minds who are of the opinion that Bitcoin is a scam platform because and that's because many of them are very stubborn from learning from you that knows very much about Bitcoin and wants to impart the knowledge to them.
Bitcoin was primarily created to serve as a digital currency but because of the value it's added over the years, many now see it as a very safe platform to store their values while others trade Bitcoin daily to make profits. Regardless of how best you think Bitcoin should be used, it's important you have a deep knowledge of it first before investing in it so you don't end up crying foul when things go south

[Olatundespo]

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.

The best part of learning is when you acquire the knowledge and practice along side. In fact, the best form of bitcoin investment is when you put your resources to it. That is when you fail, you will fail forward. There is this idea that you learn with practical knowledge and that remains the best form of learning. Always try to start small without necessarily having all the big funds to invest. Whenever you say you're going to wait till you have the big money, you might end up not starting at all. It takes a bold step for an individual to start investing, but once you begin, you have successfully break that jinx.

I agree with you. Practice and textual knowledge will be the best way to gain experience just like in the military, with their physical training and extensive study. Learning combat tactics and all the activities to survive on the battlefield are taught. This is essential in any profession. If an investor sticks to the market with small savings instead of spending time to learn more about Bitcoin then he will develop the habit of practice. There will be no possibility of being negatively influenced by any experienced people for the future because he has gained extensive knowledge by closely observing the market situation which is very valuable. Accumulation even if the amount is small long term allows you to hold large Bitcoin.

[Mehmet69]

Most of the people who suffer losses from Bitcoin are those who see Bitcoin as a store of money or are tempted by the temptation to earn more profits from Bitcoin. This is where most people make a mistake, if they had researched Bitcoin or gained knowledge about Bitcoin, then maybe they would have understood the purpose of discovering Bitcoin or known how to use Bitcoin correctly. Most people in our country or other countries see Bitcoin or Altcoins as a scam only because of little knowledge or because they have suffered losses due to misuse.

Different types of people use Bitcoin in different ways or see it in different ways. Traders see Bitcoin as a means of earning profits, ordinary investors see it as an investment medium with long-term profits and financial sovereignty and security. Even some wealthy individuals use Bitcoin to maintain their financial sovereignty and secure stash. Essentially, everyone uses Bitcoin to maintain sovereignty, but their goals are different.

As far as I know, Bitcoin was invented as a means for people to use money as they wish, So that no one else has control. So they have every right to use Bitcoin as they wish. But those who think that Bitcoin is a special means of making money are making a big mistake.
Some people buy Bitcoin most of the time in small deposits and sell it when it goes up a little. To do this, they often borrow money from people. But the Bitcoin market does not always work that way. When the market goes down more than they thought, they get scared and sell their investments and face losses.

So I want to tell them, don't worry about a small profit.

[Byebyebtc]

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.

I do believe bitcoin is actually fulfilling its purpose bro, normally why people see bitcoin that way is because of the success stories and testimonies they hear, and its ok if they see it that way at first, its like a force of attraction, bro to bro me and you know sa before you start you reason am like that sef or close to that before you realize what its all about, all na still part of learning the way you use understand after you don enter na so others go still understand too, its part of the journey

[Out of mind]

Me as common man no Dey see bitcoin as get rich quick something but you suppose know say as a result of the volatile nature of the coin, a lot of people don already Dey seize better opportunities to Dey collect some profits from am and that no be bad idea because at the end of the day, e go still serve him purpose.
I also agree with you say, we no suppose see bitcoin as a get rich quick scheme but that one jo suppose mean say make we no Dey grab the better things wey Dey follow am.

It is not advisable to look for a get rich quick scheme in Bitcoin, and it will never be possible, but to earn a good amount of profit, it is better to look for a long-term scheme in Bitcoin. We know that most of the time due to market volatility, people cannot get their money in time, and they often face losses, but if you hold on to it for a long time, it is possible to earn good profits from it. We can imagine that following Bitcoin is good and holding it for a long time is the best plan, but if you look for a get rich quick scheme here, that person will never be successful. If you want to earn money by following Bitcoin and investing here, then you must wait patiently for a long time, and later you will be able to earn profits.

[Donneski]

Me as common man no Dey see bitcoin as get rich quick something but you suppose know say as a result of the volatile nature of the coin, a lot of people don already Dey seize better opportunities to Dey collect some profits from am and that no be bad idea because at the end of the day, e go still serve him purpose.
I also agree with you say, we no suppose see bitcoin as a get rich quick scheme but that one jo suppose mean say make we no Dey grab the better things wey Dey follow am.

E no even good for person to begin see Bitcoin as a get rich quick investment platform because of you see am so, you fit just end up losing your money or getting disappointed with the outcome. For you to join the plenty people wey don benefit well well for Bitcoin, you go need learn how to be strategic and also patient with the market. People wey don benefit for Bitcoin well well na people wey don exercise enough patience by leaving their coins for a very long time and if you're investing today, you go still benefit well well in the future if you leave your investment for long term because we know say the price of Bitcoin go surely go up well well in the nearest future.