CruzJoe:
Op U don't know what u re saying..... there re 3 ways u can make money from bitcoin
1: U can buy bitcoin and invest it with an international company that helps U trade with it with the use of a BOT and be paying u daily interest of upto 40% monthly....for 9months and they will stop and return ur capital back to U...which U can earn that ur capital from the daily interest within 3 months... the remaining 6months re all gain to u which after this remaining 6months....they will still return back ur capital.... If u wish to continue... U reinvest.

Now tell me how Ur bitcoin U bought us not profitable here..

2: U can buy bitcoin now and hold/store for like 1-3 years... I bet U the bitcoin U bought with just,let me say 50k.....by the time u leave it for like 1-3 years and u want to sell it...it won't be 50k again.. It will be more than 150k as the case maybe...am a living testimony to this... Bitcoin I bought during the time of MMM, which I was using to pH in bitcoin, I was so lucky I cashed out before mmm crashed...I cashed out 200,000 worth of bitcoin which I leave in my wallet.... now that 200,000 worth of bitcoin then, fetched me 800,000 coz their was a massive up shooting in bitcoin price recently .that my 200k fetched me 800k....just for holding my bitcoin for some months.....

So tell me how my bitcoin is not profitable here...


3: U can make money from bitcoin by buying bitcoin and trading it on exchange....U can buy like 50k worth of bitcoin and start trading... If u know what u re doing... How to trade.... U can grow this ur 50k worth of bitcoin to 150k worth of bitcoin within few days?weeks... U may have like 1bitcoin now which cost u like 50k( am just giving an example coz I bitcoin is not 50k now, is millions).... then if u trade well with this 1bitcoin...it can grow to 1bitcoin within days/weeks....which will now be 100k......

So tell me how bitcoin is not profitable here...


Step 1 and 2 re less risky.....imfact U have nothing to loss if u go with them


the only place I see risk is in step 3 coz if U don't know how to trade.. U can loss ur millions within 1 hour....U can loss ur capital ..within 1 hour.


SO SAY WHAT U KNOW AND STOP DISCOURAGING OTHERS........


MOD am not here to advertise bitcoin but I don't like when people talk out of ignorance.


thanks for ur understanding


Just want to point out things to prove the Op wrong.

Do you regret selling at that time?

Akby:
The birth of Cryptocurrency is no doubt a milestone achievement in the Financial Market. Many people all over the world have invested a chunk of their life savings into it with the hope of a greener pasture at an exponential rate. How true is this?

Taking Nigeria as a case study, investing in Cryptocurrency is not as rosy as many people think. Let me explain better with an example so you can fully grasp my point. Bitcoins are sourced in Nigeria through merchants. A lot of them (merchants) around today but one thing common to each and every one of them is that they buy and sell at fairly almost the same price. While compiling this article, the merchant I took as a case study buys at N335/$ and sells at N390/$.

Now, if you invest N50,000 to purchase Bitcoin through this merchant at 1Bitcoin = $13,500 for example, you will get 0.009496676BTC. i.e. 50,000/390/13,500. If the value of Bitcoin appreciates by 10% at the Global Market to $14,850, by the time you convert this amount to Naria through this merchant, you will get N47,243 i.e. 0.009496676*335*14,850. This means you have lost 5.5% of your investment even though Bitcoin appreciated by 10% at the Global Market.

Also, If Bitcoin appreciated by 20% i.e. 1BTC = $16,200, following the process above will translate to N51,538 in your local bank account with represents just 3% return on your investment.

With this in mind, to achieve 7% (Nigerian banks nominal threshold) interest on your investment, Bitcoin has to appreciate by 24.57% to $16,816.

In summary, before you can start earning at all trading Bitcoin in Nigeria, its value has to increase by at least 18% not to think of the risk associated with your investment. If 10% increase in the value of Bitcoin at the Global Market can’t guaranty a profit largely due to MERCHANT’S monopoly, think of what would happen if the price of Bitcoin drops – What the market is currently facing.

CLIPTO

Baba i disagree with u. I know of a platform that trades crypto currency, forex & oil & gas. U make 50% of ur capital everyday this is not ponzi. The company has been paying since 2016 till date. Too good to be true @ 1st not until my friend tried it out & showed me evidence of his payments. I will soon try it out too.

Akby:
The birth of Cryptocurrency is no doubt a milestone achievement in the Financial Market. Many people all over the world have invested a chunk of their life savings into it with the hope of a greener pasture at an exponential rate. How true is this?

Taking Nigeria as a case study, investing in Cryptocurrency is not as rosy as many people think. Let me explain better with an example so you can fully grasp my point. Bitcoins are sourced in Nigeria through merchants. A lot of them (merchants) around today but one thing common to each and every one of them is that they buy and sell at fairly almost the same price. While compiling this article, the merchant I took as a case study buys at N335/$ and sells at N390/$.

Now, if you invest N50,000 to purchase Bitcoin through this merchant at 1Bitcoin = $13,500 for example, you will get 0.009496676BTC. i.e. 50,000/390/13,500. If the value of Bitcoin appreciates by 10% at the Global Market to $14,850, by the time you convert this amount to Naria through this merchant, you will get N47,243 i.e. 0.009496676*335*14,850. This means you have lost 5.5% of your investment even though Bitcoin appreciated by 10% at the Global Market.

Also, If Bitcoin appreciated by 20% i.e. 1BTC = $16,200, following the process above will translate to N51,538 in your local bank account with represents just 3% return on your investment.

With this in mind, to achieve 7% (Nigerian banks nominal threshold) interest on your investment, Bitcoin has to appreciate by 24.57% to $16,816.

In summary, before you can start earning at all trading Bitcoin in Nigeria, its value has to increase by at least 18% not to think of the risk associated with your investment. If 10% increase in the value of Bitcoin at the Global Market can’t guaranty a profit largely due to MERCHANT’S monopoly, think of what would happen if the price of Bitcoin drops – What the market is currently facing.

jayaim:
Baba i disagree with u. I know of a platform that trades crypto currency, forex & oil & gas. U make 50% of ur capital everyday this is not ponzi. The company has been paying since 2016 till date. Too good to be true @ 1st not until my friend tried it out & showed me evidence of his payments. I will soon try it out too.

Could you kindly recommend? Thanks

Leopantro:


it's obvious you haven't heard of online wallets or cold storage.

All wallets whether e-wallet or softstorage can be hacked

jayaim:
Baba i disagree with u. I know of a platform that trades crypto currency, forex & oil & gas. U make 50% of ur capital everyday this is not ponzi. The company has been paying since 2016 till date. Too good to be true @ 1st not until my friend tried it out & showed me evidence of his payments. I will soon try it out too.

A return of 50% everyday?

Are you sure about this?

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