₦airaland Forum

Just came across the thread today, I love it and I Like the part about addiction and women very informative thanks

As someone that just finished medical school what side hustle can someone engage in with his knowledge, I am thinking of studying medicine and I want to know what side job researching but ib on can get, I have tried google but I can't get anything apart from blogging please help thanks

ProudNigerian01:
Noted.

Everything you need in this life is in Jesus, forsake your sinful ways, pray, read the Bible and stay close and he will grant you your heart desires.

What do you need? Wisdom, riches, blessing, honour? You can get them all in Christ Jesus:

Rev.5.12 - saying with a loud voice: "Worthy is the Lamb who was slain To receive power and riches and wisdom, And strength and honor and glory and blessing!"

get the Bleep out of this thread , as if jesus dey give una free food

chatinent:
I still have a feeling that $0 is bigger than ₦0. And more feeling that $0 is bigger than ₦100.

solashola:
It is like asking what has Gold contributed to the economy.
Crypto is a store of value against inflation. Because Fiat (which is another name for local currency) has infinite suppy,
over time, fiat suffers inflation as a result of governments all over the world printing unlimited supply of their local currency.
Ask yourself, 1 naira in the 1980s, can it buy the same thing now in 2024, IT CAN'T. Because of inflation.
Every citizen is at the mercy of inflation, that was why the original whitepaper of bitcoin pointed out that fact.
Due to the inifinite supply of Fiat, the citizens are playing on an unfair playing field. (Your money in your bank account
will get worthless overtime)
Then comes crypto (which is a store of value against inflation like gold).
In order to safeguard yourself against inflation, buying bitcoin helps you achieve that.
Crypto can benefit the economy in 2 ways.
1. Sane Governments all over the world are now hedging their reserve in bitcoin and gold, the aim is to protect their local currency.
Example in 2015, 1 bitcoin was $200, assuming the government had converted $100 million to bitcoin, they would have 500,000 bitcoin.
today worth is $25,000,000,000. That reserve can now be used to dispense $1 billion over a 25 years period.
That is why the US has approved Bitcoin ETFs, so normal citizens can now diversify their pension funds in Bitcoin.
2. The naira has infinte supply, so if a new government comes and secretly prints more naira, it dilute the current supply and causes
more inflation. you can store your currency in bitcoin to hedge against that, and then pay your capital gain taxes when u sell, hence
helping the economy.

The reason Nigeria is suffering is because many people have zero to no knowledge of crypto, we have many cryptocurrency, but bitcoin is the main one due to its tokenomics which makes it more and more scarce every 4 years. Many people lose money trading crypto, crypto is not designed for trading as much as gold too is not designed for trading, it is for investment and a store of value overtime.
Buy some bitcoin today and hedge yourself against excessive printing of the naira and inflation.

thanks for this explanation am starting to understand better now thanks once again
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ABEG OHHHHH i did not open this thread to attack crypto orsu[port ot i just wanted to know more about it

ObalendeCMS:
Doing crypto is not different from doing pos business. Both are bullsheet!

if you want to call it bullshit then give your reason

ClearFlair:
Created new account to come and discredit crypto lol

i dont know whatyou are talking about,seems like yougotmeconfused with another person

mrvitalis:
Forex income Job opportunity Increase purchasing power

Thankyou

3rdeyeNigeria:
Crypto has no benefit to local economy. It only benefit the owner of the trading platform and some lucky speculators (gamblers or trader).

Overall it can pull down a country.

Google: George Soros Vs Bank of England to understand how speculative trading almost bankrupted UK.

can you explain further and is this going into crypto a good idea

Epstein:
it provides 50 million jobs....??

hahahahaha very runny,but seriously do you have an answer to the question I up there

Goodday Everyone, I want to ask a question on nairaland about crypto and wish to find answers here now hear are the question. what is crypto,what are it uses,what benefit is it to the economy and individual at large and how can one trade crypto etc thanks