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    Author Topic: My Colleague at work now have bitcoin holdings  (Read 393 times)
    Frankolala (OP)
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    October 19, 2022, 12:11:31 PM
     #1

    My colleague at work in the same department with me has being passing through some fiat banking issues. According to him he has an account at Guarantee Trust Bank,which he only deposits into the account, so that whenever there is an emergency he can fall back on this saving account. Dickson said for two years now he hasn't collected money from this account. Recently he had an emergency that needs serious attention so he used his ATM card of this account to make a withdrawal at the nearest POS point close to him,he was debited of $150 converted from my local currency without getting the cash. Dickson said he made a transfer of $200 immediately to the account of Mr Teddy Jones,the transaction was confirmed but Mr Teddy didn't receive the money until the next day afternoon due to network issues. Dickson said he contacted his bank and complained but they said he should be patient that they are working on it.

    The next day Dickson went to his bank,the customer care said the $200 he transferred will reflect ASAP,but the $150 which was debited at the POS point will be reversed within one month time. This was how Dickson could not purchase the land the land he wanted to buy with the  money. The land cost $400 for one-quarter plot,but he could make a deposit of $200 and pay the balance in a month time based on the agreement between him and the owner of the land.According to Dickson he made sure he purchases the land that was why he made those two transactions of $350,which only the transfer reflected the next day afternoon 2hrs after coming from the bank,due to centralization. The next  while Dickson was at the bank, unknown to him,another buyer came with the sum of $300 cash for the same land. Mr Teddy due to his urgent need for money to take care of his sick dad,immediately sold the land to this new buyer since he hasn't seen any alert from Dickson my colleague.

    Dickson said he called Mr Teddy when he got home but he heard the shocking news that the land has been sold to someone else,he got so sad and disappointed at his bank. He came to me after he couldn't purchase the land,though he has been telling me about having issues with his bank but he didn't tell me what he needed the money for. I have taught and given him the basic of bitcoin several times,he even loves the initiative. Last week,he asked me how can he buy bitcoin and I asked him why is he asking, he told me he wants to give bitcoin a trial as a means of keeping his saving,that will it be safe for him and have easy access to his bitcoin whenever he wants and I told him Yes.

    Yesterday Dickson came to me during break and said he is ready to buy bitcoin and I was astonished on his motivation, I advised him not to rush into it but should only use the money he doesn't really need or saving to have a holdings and not money needed urgently. I asked him how much does he wants to start with he told me.
        First of all I guided him on how to download a binance app which he did,and then directed him on how to create and exchange account. I also guided him how to link his bank account to his binance wallet,which he was able to deposit some amount in his wallet and bought his bitcoin directly with our local currency. I made him understand that his bitcoin holdings needs to be secure from hackers by telling him he needs to create an offline wallet which he can generate his keys himself he was confused. Although I directed him on creating an electrum online wallet which I showed him how to transfer his bitcoin to his electrum wallet and advised him never to show or disclose his private keys to anyone and how to keep it safe.
     Today I introduced and told him about bitcointalk.org and advised him to register so that he can learn more on his bitcoin holdings. I congratulate Dickson for taking a bold step on bitcoin. This is one of my achievement in spreading the awareness of bitcoin in my locality so far
     

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