Post
Topic
Board Nigeria (Naija)
Re: Can Bitcoin help to reduce crime?
by
Tmoonz
on 19/06/2024, 14:51:57 UTC
Although, there are so many factors facilitating the increase in the rate of crime in our society but if we critically deepdown on the root of incessant increase of crime and other criminal activities in our society today it will be so notable that poverty and unemployment especially among the youth are the major anchor to the increase in crime and criminal activities in the society. I think if there is adequate sentization of Bitcoin in our society it will help in the reduction of crime because many people that are involve in some fraudulent activities today would venture into Bitcoin and be making a reasoning resource from Bitcoin if really inconcated with the actually knowledge and information to be successful in the system.   


Bitcoin is not a quick and get rich scheme, it values appreciates for a substantial overall return only if viewed on a long term perspective hence I don't think if the knowledge of Bitcoin can reduce crime rate but rather it is employments opportunities that is meant to reduce crime rate and considering the fact that there must be a source of income before any one can successfully invest in Bitcoin, anyone considering investing in Bitcoin must have a good source of income in order to invest consistently through the DCA which will help in accumulating a good size of Bitcoin up to a reasonable amount and hold as long as possibly 4 to 10 years of having a compounded value of your investment.