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Showing 11 of 11 results by Fountainman
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Topic
Board Nigeria (Naija)
Topic OP
Bitcoin, Gold, and Real Estate: Choosing the right source of wealth in Nigeria.
by
Fountainman
on 29/08/2025, 12:28:03 UTC
The major financial lesson to learn is the concept of a store of wealth. A store of wealth is any asset that preserves its value over time. , it allows people to save today and spend in the future without losing purchasing power while gaining marginal profit. Over the years, Gold and Real Estate have been the most reliable sources of wealth, but in recent times, Bitcoin has entered the conversation. As a young Nigerian seeking to have a future of financial freedom, it's important to learn the strengths and weaknesses of the three.

Gold: Timeless stability
For centuries, Gold has been a trusted source of wealth. Its global acceptance and scarcity give it an edge against inflation and unstable currency. Gold is easily accessible in Nigeria in the form of Jewelry and coins. However, Gold does not generate cash flow.

Real Estate: Land never lies
Land is one of the most valuable ways to store wealth in Nigeria. Buying land in developing cities provides Good appreciation in a long run as urbanization expands. Real Estate takes time to sell but it has serve as foundation for wealth building for many Nigerian families. Development of rental properties also guarantees a steady cash flow.

Bitcoin: Digital Gold for the future
Bitcoin has a fixed supply of 21 million coins which offers similar scarcity to gold but Bitcoin is superior in term of how portable and divisible it is. As a Nigerian, value can be store in Bitcoin outside of the naira system which give protection against devaluation. However, the the volatile nature of the price makes it risky, also in Nigeria, government policy can affect access and trade.

No single asset is perfect. Combining Gold for its timelessness, land for its stability, and Bitcoin for its morfern potential can help build a strong financial foundation that can withstand unstable economic conditions and store wealth for the future.
Post
Topic
Board Politics and society (Naija)
Topic OP
Bitcoin, Gold, and Real Estate: Choosing the right source of wealth in Nigeria.
by
Fountainman
on 29/08/2025, 12:26:10 UTC
The major financial lesson to learn is the concept of a store of wealth. A store of wealth is any asset that preserves its value over time. , it allows people to save today and spend in the future without losing purchasing power while gaining marginal profit. Over the years, Gold and Real Estate have been the most reliable sources of wealth, but in recent times, Bitcoin has entered the conversation. As a young Nigerian seeking to have a future of financial freedom, it's important to learn the strengths and weaknesses of the three.

Gold: Timeless stability
For centuries, Gold has been a trusted source of wealth. Its global acceptance and scarcity give it an edge against inflation and unstable currency. Gold is easily accessible in Nigeria in the form of Jewelry and coins. However, Gold does not generate cash flow.

Real Estate: Land never lies
Land is one of the most valuable ways to store wealth in Nigeria. Buying land in developing cities provides Good appreciation in a long run as urbanization expands. Real Estate takes time to sell but it has serve as foundation for wealth building for many Nigerian families. Development of rental properties also guarantees a steady cash flow.

Bitcoin: Digital Gold for the future
Bitcoin has a fixed supply of 21 million coins which offers similar scarcity to gold but Bitcoin is superior in term of how portable and divisible it is. As a Nigerian, value can be store in Bitcoin outside of the naira system which give protection against devaluation. However, the the volatile nature of the price makes it risky, also in Nigeria, government policy can affect access and trade.

No single asset is perfect. Combining Gold for its timelessness, land for its stability, and Bitcoin for its morfern potential can help build a strong financial foundation that can withstand unstable economic conditions and store wealth for the future.
Post
Topic
Board Politics and society (Naija)
Re: The perfect identify for a Nigerian whose major source of income is Bitcointalk
by
Fountainman
on 28/08/2025, 19:49:56 UTC
Its funny to think there are still some people in this country that thinks our law enforcement officers are reasonable enough for you to explain BitcoinTalk to them. You come call yourself a Bitcoin Discusser join, dem for don throw you like one or two slaps to put your mind say you be yahoo boy. I think the best thing to do is to say what will get you out of there as quickly as possible.

About the name why not BITCOIN ANALYST
Post
Topic
Board Politics and society (Naija)
Re: The perfect identify for a Nigerian whose major source of income is Bitcointalk
by
Fountainman
on 28/08/2025, 19:44:06 UTC
Because, the earlier you know the best way to defend yourself if eventually you happen to come across such a scenario whereby you encounter Police or EFCC, and eventually get held of your mobile phone and saw apps like Binance, Trust Wallets and Bybit and tagged you as a Yahoo Boy, when eventually you are a legit hustler, the better for you. Hence, if anybody ask you from today henceforth what you do for a living, is best you answer that you are a "Bitcoin Discusser" whereby you earn money by discussing about Bitcoin on its official forum.

This part of the write up makes me laugh, You think a Nigerian law enforcement will let you go if you tell them that you discuss Bitcoin for a living? You go don first shop one or two slaps make your mind for dey say you be yahoo boy. Most of those guys are not reasonable, the best thing to do is say what you know will get you out of there quickly.

About the name why not BITCOIN ANALYST
Post
Topic
Board Politics and society (Naija)
Re: Why does people so much attached to free money?
by
Fountainman
on 27/08/2025, 21:56:51 UTC
I think Greed is the reason people still fall for this type of scam in 2025, How do you expect to make a lot of money by just signing up to a website or watching some videos? I think a lot of people seek miraculous blessings instead of grinding as hard as they could
Post
Topic
Board Nigeria (Naija)
Re: Can Bitcoin Replace Land and Gold as Store of Wealth in Nigeria?
by
Fountainman
on 27/08/2025, 21:47:08 UTC
I don’t think Bitcoin can replace Gold or Land as a chief store of wealth in Nigeria because the need for Gold and land will always increase. As a society we will always need land to build houses and agriculture which will always protect the value of land, Gold will always be highly valuable. Before we can talk about Bitcoin replacing Land and Gold as a store of wealth in Nigeria at least 50 percent of the population has to believe in it, I don't think we can get that anytime soon
Post
Topic
Board Politics and society (Naija)
Re: Problem of native language identity cause for concern, if not now in the future
by
Fountainman
on 03/09/2024, 10:16:00 UTC
Pidgin English don erase language barrier for Nigeria and e don help people communicate better and that na why we dey use am and English for here, if we try using our local languages for here we no go fit communicate. What I think can be done to promote our local languages on this forum is to create more child boards that are language specific so people that want to use their languages can just go there to read and write in the board primary language
Post
Topic
Board Nigeria (Naija)
Re: Why some newbies dey quick lose interest for the forum??
by
Fountainman
on 26/08/2024, 08:24:48 UTC
I no sure say na criticism dey discourage newbies for here, na the orientation to join the forum and make money bring a lot of people come here, after you don join and e be like say progress no dey fore few weeks, you go just tire na why newbie dey pop in and pop out.
To grow profile or earn merit for here no easy and e for good if people wey dey refer people to this forum to give people better OT about am
Post
Topic
Board Nigeria (Naija)
Re: Naija Novice Hangout {Newbies introduction & Orientation} Thread.
by
Fountainman
on 26/08/2024, 08:12:45 UTC
Hello everyone, I'm happy to be part of this amazing forum to learn and discuss with my countrymen and women
Username: Fountainman
Post
Topic
Board Altcoin Discussion
Re: Will other country join to censor Telegram?
by
Fountainman
on 26/08/2024, 08:01:48 UTC
I think Telegram is going to encounter more difficulties from governments around the world because it's offering more than messaging, it's giving people a way to generate income and enabling transactions that the governments can't control. No government will like that so am expecting more bans and more restrictions from governments all over the world
Post
Topic
Board Politics and society (Naija)
Re: Can one say the Nigerian government is greedy or foolish?
by
Fountainman
on 23/08/2024, 16:01:43 UTC
I think that one of the major reason why you're making this assumption that it's foolish to take up loans is because you don't know what this loans are used for and possibly don't understand that most African countries and even some European countries that appears to be doing well better than us economically owes more debt than Nigerian in terms of the loans they owe IMF and other international monitory agencies

On the IMF list of countries that owes them, Ghana is still owing at least 2.3 billion,  Costa rica and Cote devoir are owing at least 2 billion. Even Egypt and Ukraine are owing 20 billion and 10 billion respectively while Nigeria is owning just 920 million.

Even though from the world bank angle they might be toping on the list even though they aren't even on the top 10 (if my findings isnt wrong), we've got to know that in terms of population and economy point of view they aren't doing bad with the extent at which the collect loans.

The main issue is, "what do they make use of these loans for? If the loans was used for better economic purposes like making sure that our refinaries are functional or that we're creating more systems that increases our economic strength, that would have been the best but what's mostly the case is that we take up loans from international financial organizations and end up embazling them without creating any positive system from it.

The US and other top countries that are doing well economically are still indebted but the difference is with the effective utilization of the debt.

I think you missed the point of the OP. The OP is not saying taking loans is bad but when we the government itself can't give a proper account of how the money was spent, then the loan is taking us away from financial stability