₦airaland Forum

I see most Nigerians on Instagram making noise about bitcoins like they just DISCOVERED a new sure way to double their money. I pity you! crypto is not regulated by any institution, meaning the prices are influenced by circumstances beyond anyone's control. that should be a red flag for any sensible person but trust Nigerians to do little to no research because their worst nightmare is actually READING AND LEARNING ! they like crowd mentality and jump into anything they see trending or have endorsements from their favorite celebrities or role models. look bitcoin is not the holy grail, and truthfully there is actual potential to make money from it but please do your research first before dumping all your life savings in there! you know there was a time a few years ago bitcoin prices rose this high as well? guess what...it took only few months and the prices went back to a quarter of its present value and in that scenario you may have lost your entire savings! it literally happened and will still keep happening. you need to know when to buy bitcoins in bulk and when to sell in bulk and make your profit without touching your initial investment, that's how the real crypto Don's make their millions. all of you forming crypto traders because it seems cool and technical, I pity your small savings...like Nigeria isnt hard enough. I'm not saying there's no potential on bitcoins o, even me I made profit this morning but my point is understand the game very well before you start feeling like a tech guru and lose the little you have. my two cents, peace.

Bitcoinking2020:
I see most Nigerians on Instagram making noise about bitcoins like they just DISCOVERED a new sure way to double their money. I pity you! crypto is not regulated by any institution, meaning the prices are influenced by circumstances beyond anyone's control. that should be a red flag for any sensible person but trust Nigerians to do little to no research because their worst nightmare is actually READING AND LEARNING ! they like crowd mentality and jump into anything they see trending or have endorsements from their favorite celebrities or role models. look bitcoin is not the holy grail, and truthfully there is actual potential to make money from it but please do your research first before dumping all your life savings in there! you know there was a time a few years ago bitcoin prices rose this high as well? guess what...it took only few months and the prices went back to a quarter of its present value and in that scenario you may have lost your entire savings! it literally happened and will still keep happening. you need to know when to buy bitcoins in bulk and when to sell in bulk and make your profit without touching your initial investment, that's how the real crypto Don's make their millions. all of you forming crypto traders because it seems cool and technical, I pity your small savings...like Nigeria isnt hard enough. I'm not saying there's no potential on bitcoins o, even me I made profit this morning but my point is understand the game very well before you start feeling like a tech guru and lose the little you have. my two cents, peace.

I can't agree less with you