Post
Topic
Board Beginners & Help
Re: How I waste bitcoin
by
komisariatku
on 12/07/2023, 10:32:12 UTC
I am a Nigerian and I know how Nigerians behave. And as at 2011, the value of N100k was very high that it could buy you a plot of land in some mini cities. There is no how you will invest N100k by then as a Nigerian and became care free about it.

I was curious how much the N100K was worth, and I looked it up on the internet. N100k = 128USD. I don't know the numbers are big or not in Nigeria. But in 2011 there were still very few people who believed in bitcoin. So I think buying bitcoins with that kind of money will make him watch out for his wallet keys. In 2011 bitcoin had a price of around 0.3 - 3.6 USD, so he has quite a lot of btc

By that time you mentioned, it is only a few people that could invest more than N10k in an online business they consider a ponzi scheme.  I am sorry, I do not believe your story.

I agree with you. In 2011 I was still a child, he had to be the same. So 128 USD would have been a lot for those of us who were kids then. I'm quite doubtful about his story, maybe he's just lying. and is bitcoin already popular in nigeria in 2011?

But if he's not lying, he should have around 50 - 500 btc bitcoins. That's a huge amount for now. Maybe he will be rich with that many bitcoins