Quote from: sotelorene on Today at 03:56:00 PM

Quote from: Zackz5000 on Today at 04:41:13 AM

Quote from: Olatundespo on June 27, 2025, 09:36:22 AM

Quote from: Tungbulu on June 26, 2025, 02:30:13 PM

I usually have people come to me for help on how to make some money online, this first thing I usually tell them is that, if they're looking for a way to make quick profits online, then I don't have it, but if they're seeking for a way to gradually build wealth overtime, then I'd be happy to help them. Nigerian economy is messed up and everyone is looking for an escape route from the hardship and that's why majority of the people who go into the market are mostly very interested in taking quick profits, not like I blame them them for that, but it'll only result to unnecessary panic and pressure just as you've rightly stated, whenever the market declined, they feel they're losing their money, and even when the market is in an upward trend, and theyre making some pretty cool profits, they'd also feel like taking their profits and this only means they lack that long term outlook and also missing the big picture while chasing small profits.

This is the main problem of our investors. We do not correct ourselves from our mistakes and are busy in making short term profits. The problem we have in Nigeria is that people lack a stable source of income and most of them are suffering from economic problems. The people you recommend to make money want to make quick profits if I tell them to stay involved in the forum and become more experienced in Bitcoin investment, they will not have that patience but they want to get rich before keeping working.

I cannot play a very effective role in the economic liberation of the poor and their permanent income arrangements but I can give the right direction to the enthusiastic people such as effective and meaningful efforts to increase their source of income and advice to put out laziness and become hardworking. Accumulation Bitcoin from any amount of discretionary income at the end of the week. If the new investor has long term mental and prudent resources, then he will be able to run those cycles correctly and smoothly.

Every country has poor people and some of these poor people still make a way to invest in bitcoin so not having a stable source of income shouldn't be an excuse of not getting started with your bitcoin investment besides what is needed to start investing in bitcoin is your discretionary income and not having a stable source of income, those who are desperate to make quick money in bitcoin are not investor but trader because as an investor your major priority will be to accumulate more Bitcoin and hodl for a very long time with the range of 4-10 and more.

To some extent I think being poor is a decision people do take because no one has an excuse to be poor in life and if I'm not mistaking most of the people we see or call wealthy and rich today are people who pass through worst situations but decided not to see poor as an option and today they are rich and if they tell's you their stories, you can shed tears.

Additionally, no matter how strong a situation is one can still overcome if only they are determined and refused to see poverty as an option and as a matter of fact challenges are what defines people, if one can not overcome challenge they will remain a minor to the challenge but once someone overcomes the challenge, successful is already by the corner waiting and that challenge will be like nothing to them anymore.

Saving some amount of money aside for future use could pose a serious challenge for many of us these days mostly as we live in a country where the price of certain commodity today may rise tomorrow if we use old budget or price tags when making our purchases.
As such, I have always thought that buying things in bulk is a wiser choice at a certain period, let's say at the start of a quarter of a year, and then the rest of the months we can focus more on savings and adjust our savings amount to meet our savings and investment plan simultaneously.