Well, I wish I was in El Salvador🇸🇻 where cryptocurrency was promoted and the government kept stashing Bitcoin in 2021, unlike Nigeria that keeps cracking down on anything crypto related because of the poor understanding and control the government has over it. Well, though Nigeria as a country frowns at cryptocurrency, Nigerians (the people of Nigeria, especially the youths) are adopters and promoters of cryptocurrency. Recently, I had an engagement with a young lady who desired to retire at the age of 35 years. I knew she was into the crypto space and other things but, I felt her goal was backed up mostly by her gains from the crypto market.
I know two elderly people in their early fifties who have begun to learn crypto, though at a slow pace. As much as I admire their courage, I am bothered by the risks that they may bear. The world is awakening to crypto as a unifier and the world's accepted currency, where transactions are executed within milliseconds.
But the internet has advanced by incorporating block chain technology so that user anonymity is preserved and decentralization is promoted. Here, the individual enjoys privacy and control over his assets. Traders and investors, through research, have found confidence in using the crypto space as a haven to safely store their wealth. For quite a while now, I have safely transacted within the crypto space without nearing the naira p2p, which has been largely frowned upon by my government, and my transactions within the ecosystem have been without a hitch. Probably blame that on me not having enough to withdraw, but then, I am doing well without hitting the naira as it relates to the crypto space.
The year 2021 was a hit for me. I invested about ₦130, 000 and saw my investment rise to a little above ₦5, 000,000. I withdrew some but lost some too. Anyway, the crypto space is unpredictable and extremely volatile. But the saying is true: with the right investment and research, you can turn your little token investments into a fortune either by trading or investing. And the irony remains that you can lose out a lot in crypto, sometimes not necessarily as a result of your fault.
I remember mining tokens from a coin pot and enjoying free coins, like Doge. The most recent was the ice token, and another that is hugely anticipated is not a coin or oex. These and many more reveal how feasible it is for the average individual to earn from crypto without any tangible investment or financial commitment other than executing some tasks or answering some quizzes. Just like notcoin on Telegram, the tasks involved tapping the boy continuously while occasionally completing some tasks using our social handles.
The #hiveghana community remains formidable in its Hive approach to better lives at the community level through the digging of boreholes. Though crypto is banned in my country, I have invested some of my rewards in farming, which I am optimistic will give me bountiful yields. The government of Nigeria believed crypto was responsible for the economic meltdown, and this made them crack hard on anything crypto. Youths have legitimately earned from crypto and sponsored themselves through school and life. #hive is a typical example of block chain technology that has blessed many lives.
Oh yes, I started this as a monthly challenge by scouting for credible tokens to invest in. A 10% investment in the right coins or tokens could actually win me many rewards in the near future. Unfortunately, it was not sustainable due to the unexpectedly harsh economic hardship the country faced. But I think I'll resume that soon and have well researched coins or tokens to invest in.
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