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Showing 5 of 5 results by BitcoinSterilizer
Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: We need solutions.
by
BitcoinSterilizer
on 24/08/2025, 21:43:47 UTC
⭐ Merited by igebotz (1)
solutions that allow shop owners to accept Bitcoin and auto-convert to naira instantly to avoid volatility.

I don't see a reason for business owners to avoid volatility by converting their bitcoin to naira or stablecoin, because we can still earn more from what we are holding if the market rises the more and be in profit, while if the market dumps we may lose, but that is not always permanent because it often rises back and we can from this volatility be selling and buying and go into partial trade converting from Bitcoin to stablecoin and buying again, but it's not a perfect idea that we should convert to naira because of currency devaluation and inflation affecting the fiat economy.
Mr Nathrixxx you need to learn how to finish what someone wrote before you start commenting in other to avoid sounding uneducated.
If you had finished what I wrote you will see the reason why volatility in Bitcoin is a problem for business owners, ok let's imagine you own a supermarket and you bought goods worth 2 million into your supermarket and then within 1 month you have sold goods worth 1.5 million and you also need to restock the supermarket meaning buying more goods because the supermarket is empty since they have bought a lot and let say the people that bought this goods used Bitcoin to purchase and you decide to leave it in Bitcoin and when you now decide to go to market so you can restock your supermarket a dip happened in Bitcoin and your 1.5 million became 1 million what will you do is that not shortage and will you say you won't restock till Bitcoin goes up again and then lose customers, remember is a business and one needs to make things ready and available always.
Post
Topic
Board Nigeria (Naija)
Merits 3 from 2 users
Topic OP
We need solutions.
by
BitcoinSterilizer
on 24/08/2025, 18:58:22 UTC
⭐ Merited by casey15 (2) ,igebotz (1)
solutions that allow shop owners to accept Bitcoin and auto-convert to naira instantly to avoid volatility.

What I know is when you receive Bitcoin you convert it to USDT or you leave it in Bitcoin and then trade it using P2P exchange, so if a supermarket is interested in accepting Bitcoin they should employ someone who will be in charge in doing the P2P trading, for now I don't think there's an auto-convert to naira app or device, however it can still be developed.
Having auto-convert to naira will be helpful because shops can now be accepting payment through Bitcoin without fear of volatility.

Some people may say it those not matter and that why should a shop owner be scared of Bitcoin volatility when even if Bitcoin falls in price it will surely rise again, if you are having this thought you need to understand that this is a business and they sell and restock there goods and they do this with the money they have already sold so you see they need to always have there money complete.


I'm happy to be here, I never knew we have Nigeria discussion place here.
Other forum I join don't have a place like this.

Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
BitcoinSterilizer
on 24/08/2025, 17:44:45 UTC
I'm happy to be in a place like this where Bitcoin and it's investment procedures are been discussed like this, let me share something I think it will help someone, when I started Bitcoin investment I was not working in a good place my salary was very low however I made up my mind to go into Bitcoin investment, my salary was just able to feed me and take care of my bills but because I wanted to invest in Bitcoin I started a side hustle that was giving me $5 I was using it to accumulate Bitcoin until I got a good job and I continued buying Bitcoin but this time with huge amount of money and some months I cut down all my expenses and invest the money on Bitcoin and if I get bonus at work I invest all on Bitcoin.

My advice for newbies into Bitcoin investment don't invest money for your up keep on Bitcoin, one thing I noticed is that if you keep dipping hands into your Bitcoin you will lose interest in investing quickly, so any money you feel you will be needing don't invest it on Bitcoin.
Focus on long term investment it helps you from investment stress.
Post
Topic
Board Politics & Society
Re: Say no to GMO.
by
BitcoinSterilizer
on 24/08/2025, 10:11:18 UTC
Why can't they allow people eat natural food, any government that accepts GMO food is a bad and evil government that don't have the interest of people at hand.
What is even making me more angry is that the world health is saying GMO foods are okay for human consumption but they can't eat it if giving to them, the world health has been bribed and that is why they are not seeing the evil in GMO foods.
I saw world health organisation as a very sensitive organization but I don't see them that way anymore.
Let the people eat natural food and not GMO food.
Post
Topic
Board Bitcoin Discussion
Re: your bitcoin is not yours.
by
BitcoinSterilizer
on 22/08/2025, 20:39:51 UTC
I understand what you are trying to say, just like having money in your pocket and forget you have money in your pocket and one day when you wear the cloth and you just dip and inside your pocket and you see some cash you forget in your pocket Grin
It is possible if you buy your Bitcoin at once and hold it but is not possible when you are buying your Bitcoin every week or month in a small quality.
The only thing I will say is that every Bitcoin investor should have patient see Bitcoin investment as a long term goal so it can help you remove your mind form it.
Me I'm a patient person I don't get moved when I have decided to save I'm using Bitcoin as my savings all the money I get I save it in Bitcoin.
I'm happy I'm investing or saving my money on something that can change my life for good in the future  Grin I so much trust Bitcoin  Cool