Post
Topic
Board Gambling
Re: A Nigerian Man Won $51,000 in Sports Betting With a Bet of Just $1.072
by
Odusko
on 27/10/2022, 22:04:41 UTC
He can keep his dollars safe in crypto.  There are many ways to keep Hughes dollar safe in crypto like he can buy a hardware wallet to keep his dollars safe in stable coins or since bitcoin is now much deeper than ATH he can buy more than 2 bitcoins with his money now and if bitcoin price goes back to previous ATH price  If equal then he will get 3x return of his money  Which is a potential investment

The problem is to move those huge amounts of money on a 3rd world country, I don't think its easy to buy 2 bitcoins, for sure that would wake up the Bank and the Police Alarms.

And with that money for sure he can do big things in that country, even buy a new house or have a nice back up to support his family for the next years. I feel like investing all in Bitcoin is the last option of what to do with that money in that country.
It seems you are right in your assumption. If he invests his money in things like land or house, it will be a strong asset and will provide a strong support to him and his future generations. Every country is constantly growing in population but no country is growing in terms of size so as time goes on the price of strong assets like land will increase. that is the benefit of buying house or land
Lands and other real estate investment are not the main investment these days, and most investment analysts are now advising against real estate and other landed properties but if you invest such huge winning into a volatile asset, the possibility of gaining much more in a short term is high.
I like landed properties but then there are no contemporary way of investing this day.