I don't understand the pigin very well... so I might lose the context when trying to figure out the pigin.
Of course you would have a hard time, I see you are not Nigerian and having an interest in our affairs makes you a peculiar user, that’s fine.
Given that all that it’s stated in quote is hypothetically, if someone is earning $1,500 in Nigeria as his monthly income, you are well living somewhere above the middle class and could be said to be a reach man. That’s over #2.3m in our local currency with exchange rate at #1,560 and that’s money for months, even with kids to feed.
I understand that there might be some aspects of my numbers that were unrealistic, yet I believe the main importance stuff is to attempt to see how the hypothetical guy is attempting to figure out his bitcoin allocation (and even his building of his back up funds) from his discretionary income.. and then in the end over several years he may well build his bitcoin investment to such a level that he might be able to start to draw from his bitcoin, especially if the bitcoin starts to become valuable enough (and I tend to use the 200-WMA to measure value) to be able to replace the guys income and even to cover all of his expenses at a similar standard of living so that he might start to feel justified to either discontinue working or to reduce the demands of his work or even to spend his time on the kind of work that he would prefer to do rather than having to do it.
As unrealistic as it might seem, there are those that are still able to earn that much in the country, those who work in some of the ministries and oil firms, those who earn per sales from their business and franchise. Interestingly, a lot of these persons are well placed and rarely care so much about a Bitcoin investment. Most of them just stay themselves in the old ways of earning and finances.
Should you have expenses to be covered at #950 for the month with a discretionary income, you’re doing so well and it could cover both for financial security and Bitcoin accumulation very well. Using same rate at #1,560 would mean, $550 is well around #850k which is close to a million. That’s a lot of money that can well go into build a portfolio and also do your fiat savings if you care about such things.
Of course, if you think that I am not being sufficiently realistic with the numbers, then you could reduce the numbers or adjust them in one way or another to make them seem like they are more realistic to your situation or to some hypothetical person(s), even though I tried to describe both a variation in the income/expenses and also some ideas of the most regular/common levels of income/expenses so that it might be easier to present ideas about the situation in a thread like this while trying to avoid overly complicating matters... and sure there may be guys who have a lot of erraticism and/or uncertainties in both their income and their expenses so that they have difficulties figuring out on a month to month basis what the levels of each of those are going to be each month, yet there likely would still be abilities to look back at history and figure out best case and worse case scenarios to get some ideas about the variance and/or the patterns that might exist, even for guys who have erratic income and erratic expenses.
When it’s about stating hypothesis, everything goes and what I really think is that, it doesn’t matter how one earns or how small the amount might be. Someone who is really concerned about growth wouldn’t want to live day to day. There isn’t a way to grow without having some kind of savings or investments which makes it paramount that, people should always find ways to cut down for investment purposes it’s a sacrifice to safe guard your future.