Business Activity || What Makes A Job Opportunity Lucrative? || @divinemercy || 10% Payout To @businessactivity

in Business Activity2 years ago (edited)

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Due to the high rate of unemployment in many African countries, making decisions can be challenging, especially when "needs" and "wants" are unavoidably necessary for survival. People find it difficult to relate to lucrativeness, its size or degree, and how crucial it is for selecting what profession a person selects to own since they have no other options.

Since the elites receive the most lucrative work offers, nearly everyone has turned to being a digital investor or entrepreneur to monetize their side hustles.

One of the reasons cryptocurrency has been and continues to become a cornerstone in Nigeria despite being outlawed by commercial banks is not primarily because it is a fiat killer or because it will replace the collapsing currency, but rather because it offers both job and a source of income.


Unemployment & It's Prevalence


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[source(https://nairametrics.com/2020/08/14/breaking-nigeria-unemployment-rate-jumps-to-27-1/?amp=1)

The fact that unemployment is perhaps more widespread in Nigeria than in any other African nation is one factor contributing to the fact that it hasn't occurred in any other African nations. Now, I've seen folks who have turned teaching others about cryptocurrency into a job.

This is due to Crypto's popularity, fashionability, and allure. Selling misunderstandings is a key factor in Nigeria's success with cryptocurrency adoption. This is also how Ponzi schemes succeeded; they traded on people's greed by promising unending money.

When it comes to cryptocurrency in Nigeria, the majority of users came for the cash, but some remained for the technology and the potential. However, we must recognize that possessing cryptocurrency does not equate to having a job, a vocation, or a talent that may inherently generate financial value for an individual.


The Lack Of Luxury In Futuristic Planning


What does it do then? What it does is provide unique chances for people to improve their money and produce investment options for them. This means that people may work a regular job while relying on cryptocurrency for incredible retirement returns that will allow them to retire wealthy rather than destitute.

People in Nigeria lack the means to even prepare for the "now," let alone the future, as a result of the system's lack of lucrative possibilities.

This is why some people here rely on cryptocurrencies to make ends meet. It's not that they are too lazy to work; rather, the jobs available don't pay well enough for the amount of time and effort they require from workers, the currency can't hold its value over time, and it has limited external viability.

People already subsist on cryptocurrencies since the external prospects aren't even worthwhile in the first place, but there are drawbacks as well.


Where Crypto & Fiat Meets


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[source]https://www.trustetc.com/blog/cryptocurrency-types/)

While it may be a key to financial independence, depending on how it is approached, it may out to be a useless endeavor for anybody. Since cryptocurrency is very profitable, its volatility is a common deterrent to potential adoption. Because of the ongoing worry that volatility generates, many individuals are afraid of the thought of relying entirely on cryptocurrencies.

Fiat money may satisfy fiat demands and be used to assess a person's value, but this isn't the case with cryptocurrency. People fear the temptation to stand on top of their toes, living in the fear that they would lose all of their money one day. For example, someone might be millionaire today and impoverished tomorrow because we cannot utilize volatile riches to meet requirements whose values are unchanging.

Many people aren't even aware that in Nigeria, cryptocurrencies aren't only a means of subsistence; they're also a platform for expression that people have decided to embrace, especially given the few options available.


Risk & Adoption


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Adoption involves risk; some individuals are so accustomed to safety that it is challenging for them to see past that safety in order to maintain their financial stability in the case of an unanticipated disaster, such as the loss of their job. Since many individuals view cryptocurrency as the future and do not like the risky part of its volatility, they neglect to conduct the essential study and discoveries.

Why? Because they believe it to be profitable, and they only care about that. My acquaintance was telling me about a risky company that includes entering a market where there is little competition since few individuals have the technological know-how to profit from the industry.

I then asked him to list the qualities that made the business profitable, and he replied that it was a market where there was little competition and profiteering was guaranteed. This was done in an effort to create real-time business opportunities that should be profitable; however, the more profitable a venture is, the more volatility and risk is likely to be present.

Business name:Divine Nylon
Owner's name:@divinemercy
Business address:Lagos, Nigeria.
About us:Link to presentation
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