Topic: Why people dey fear to invest in Bitcoin and crypto? - page 3. (Read 709 times)

That's true because irrespective of how technology and internet has change the world positively but so many persons are resistant to it by finding it very hard to accept it, as such that they prefer to stick to there old ways of doing investment that's why is mostly difficult to convince such people that there are good opportunities online such as crypto investment.

However one of the factors that's actually affecting the people's mindset or perception about Bitcoin investment is because of most of the things happening online nowadays were as people get scammed of there money through one investment or another and also how most scammers are using the name of Bitcoin to lure people into there platform, so perhaps this is really one of the reasons why people are afraid of any online investment because they feel that all online investment are the same without knowing that crypto is one of the best home for investment.

My people die cause of lack of knowledge
Knowledge brings understanding and understanding brings power the ability to do grow and express yourself this is the main cause of the fear most of our people have till date even after the Nigerian government has lifted it’s initial ban on crypto many people are still fearsome of investing I think many of us can do more by educating the public on the basics of investing online and also earning online our big bosses here can come up with social networking programs to sensitize the public especially the masses on investing in Bitcoin and crypto currency’s some people don’t even know there are other coins aside Bitcoin we have a very large market as the most populous black nation in the world imagine if 80% of Nigerians get to invest in Bitcoin and other crypto’s that will affect the global market positively and also help the local economy.

Most Nigerians expecially the older generation has passed down this belief that anything concerning the Internet is a scam and there is no way an individual can benefit from it.

This false theory has basically eaten deep into the soul of most of our younger generation, leading to increased depreciation in skill acquisition and above all increase rate of poverty in the society we leave in today.

Therefore, the only solution to this imbalance is to properly educate this generation about the importance about investment and skill acquisition and how it could be of benefit to the society

Investment is a big deal in our society today and has the ability to transform life's today, and the only right thing to do is to properly e

This the mindset we all had when we had no idea about cryptocurrencies,  the truth is that people who don't know what cryptocurrencies is all about we surely be scared to invest in it. It is not proper to force people who have no idea about bitcoin to invest in it. People who don't have understanding of cryptocurrency needs to invest their time to gain knowledge of cryptocurrency before making decisions to invest.

No blame your uncle, we dey backward for this part of the world, dem no tech us technology well for school to know say we fit hustle for online. Na only manual hustling dem wan use kill us and work self no dey to do again after we dun finish school. There are many people like your uncle and e follow for why we never they progress like that for technology for this country. People think say anything wey get to do with online say na scam because when dem dey grow up na wetin dey rein be that I dey talk about 419 and the rest.

Nigerians get bad experience when it comes to online business and make we no blame them because even this Bitcoin self na Ponzi scheme wey broke many people na so people carry sabi about am so the doubts go always dey there and na our responsibility to educate people's as we come across them or the wrong ideology go dey out there say Bitcoin investment na scam and anybody wey dey do Bitcoin either through investment or trading say na scam dem dey do people online.

No force anybody sha to invest inside Bitcoin, make dem understand wetin dem dey get demselfs into before investing and make them know the difference between Bitcoin and Ponzi scheme because many people still dey think say Bitcoin na Ponzi scheme and na why dem no wan invest as dem dey fear say Bitcoin go carry their money run and you no go blame them because when dem been dey invest inside all those Ponzi scheme wey crash, people wey introduce them been dey tell them say dem dey invest inside Bitcoin which was false.

Normally Bitcoin investment dey good but make that one no make you think say the Internet nah your best friend, as we all done already hear am before say police nah your best friend and them dey do the otherwise, nah so the internet way me and you self dey.
The Internet just dey like police officers way be say any moment person fit just scam you under 10 seconds and Nigerian polos own be say them fit just arrest you for no reasonable reasons, nai make I say the Internet and the police officers they are like the one.
Although, those that are using the Internet should be more careful because anything can happen at anytime if only they are not careful.
Some people, if they starts making small money from the Internet they will start thinking that the Internet is safe for them, but it is not.

Exactly, people that see bitcoin as a scam don't get knowledge about it they think anything that is online is a scam, because they invest money in a wrong platform. If someone read about bitcoin you will no is a best place to generate income that will change your life, when you can be patient and take risk because anything required risk in business or investment, some can't take the risk, and they will like to confuse some people that are interested in investment, they will say is a scam because this life some people don't like someone should succeed because they are not successful.

I blame some people that they tell them that bitcoin is a scam, because how can someone say this investment is a scam without providing specific evidence, That is why it is important to be educated because people will take advantage of you because you lack experience in anything. Anyone who claims Bitcoin is a scam is the one who is a scam because how can anything that provides you with income be a scam, It is simply using your money to accomplish something else that will cause you to lose all of your savings. So it's preferable to do your research before deciding something is a scam.

You see, that is the more reason why I love Bitcoin investment, with just little knowledge you will be able to make investment securely without missing any security check up. It's true the victim of those scams are to be blamed first for not doing their own study before making investment. But most times the scammers prove to be more legit or persuasive, so most time it's difficult to differentiate a scammer from someone ready to give a helping hand. And I believe one of the major reasons people fall into all these scam is because, the scammer comes in the name of a free tutor. FREE THINGS ARE RISKY  

I feel say the cause of the fear na due to experience ona know say experience na the best teacher na Wetin our people dey talk most Nigerians dey fear anything way concern online investment something way dem no dey see who dem dey transact with because dem go tell you say if anything happen who dem go hold MMM na the first online investment platform way Nigerians trust and see Wetin e do us many people lost their jobs some even loss their family because dem use all their money invest for mmm I know of someone who tried committing suicide but na God save am through us.
E go take time and more knowledge for many Nigerians to begin trust and invest online again talking from experience even me sef loss money but see me today educating my family and friends about crypto currency’s and how to invest in them I no go lie I been no believe at first but after I understood how to navigate the crypto world na that time my eye clear my motto to my people now na buy and hold for tomorrow.

Then in that lie and scam comes the truth, they only twisted the mind of the victim into collecting him/her investment but all the preaching about Bitcoin given good profits is unarguably correct.
All they have to do is consider it as their fault as not yet being knowledgeable on Bitcoin on how to protect themselves
from  scammers, if they should seek knowledge about Bitcoin then they can do well investing.

That's true, I believe the acceptance of Bitcoin in our country will also pave way for others to see that it legit, and people will strat adopting it. Though it might not be as easy as we have thought it to be, but since this decision is coming from the government they might now see it as a worthy means of investment. Though we still some yahoo boys still using Bitcoin investment to scam people saying they'll teach you how to grow your investment in just a day, many person have fallen for this scam, and those kind of persons would be difficult to convince that Bitcoin in truly worthy for investment.

I believe as time goes on more people will find it more convenient and accessible to Bitcoin. Bitcoin acceptance may not be fast as we assume to be but I believe it's already laying the foundation of trust among many people around the world. We can tell, the number of people now into Bitcoin can not be compared to that of 5yrs ago, we have seen many more people, countries and companies now accepting the use of Bitcoin, It takes time and a long process.

I no know why people for this modern age still dey think say anything wey dey the internet na scam. Sha I no blame them, the experience wey many of them don get for the hand of scammers e nor easy. so them get every right to believe wattin them like, but we wey know the truth make we try convince them with the truth. But if them no gree take make we no border ourselves, one day them go understand and na that time them go come know wattin them don miss.

Just watch that your uncle after some time, him go still come meet you for wetin him dey call scam today. Na so those on the age side dey think of internet because when dem grow up, things wey dey internet no dey give money but na den of scammers and so many of them still dey think like that. Those mindset of people still dey believe in keeping deir money for bank, dem believe say bank no go scam dem but dem for get say if dat money come out from bank, the value of purchase don reduce.

To carry your money put for your personal wallet wey you get your passphrase to yourself dey better because as you hodl am for bitcoin dere na advantage with bull run. You no go suprise say after few months wey halving happen, your bitcoin don become times two. It has happened before and this time will not be the last time.

To those who have not seen how Bitcoin or crypto currency investment can be beneficial to them, it would be hard they put their money in it because they don't know how it works or the value it brings to the table.

Also, for a country that is yet to accept BTC or cryptocurrency as legal tender or even try to regulate it, citizens might be of the fear that if caught by the government somehow that they have BTC, they might be criminalized and meant to face serious penalties.

Lastly, I think people just fear what they don't know about mostly and an investment in BTC or cryptocurrency is just one of those things that could get anyone with shabby knowledge, confused.

People have to exercise fear probably because they have been scammed before or they don't want to risk any chances of being scammed at all, once they hear anything that has to do with digital network, scam is the next thing that rang on their minds, I won't blame them because they don't want to loose the little they ha e while trying to earn more from it, but that's not an excuse to make for not being successful in life when we are not liable for taking risk.

Na person wey no no about bitcoin go say na scam. I no go blame them sha. na scammers wey don spoil the he name of Bitcoin investment as scam do to there activities Naim make people so much believe say anything online na fraud. But Never the less if you tell anybody anything concerning bitcoin investment and then no talk any better thing just leave them and focus on your crypto journey. I believe them go give you a listening ears when them see say you don dey cash out. Because people believe on results before them go wan participate.

The major reason is ignorance. Also there are few other reasons why some people have been afraid of any online investment, reason could be maybe they have been involved an online investment that got them scammed in the past and could be why they find it hard to trust any online investment. We have seen some ponzi companies that like (MMM) that came to Nigeria, made the whole country believe it was real and paying before scamming everyone and running away with their money. People need to understand that before investing with any company you need to carry out research properly about the company but due to ignorance and the fear of missing out people just invest with companies they know nothing about which usually results into them getting scammed.

With everything that has happened most Nigerians don’t have any believe in any online investments anymore and so they classify them as scam investments without knowing that bitcoin investment is different.

Without understanding the concept of bitcoin it is easier to conclude that it is a scam investment because of it’s volatility, some would wonder why would you just invest an amount and expect your money to grow after sometime without really performing any task that’s why ignorant people find it easier to label bitcoin as scam. Bitcoin is the future and alot of people who don’t believe in it will have regrets later and will be disappointed in themselves for not believing in it earlier.

Online naw na be the new oil bloc but till we get plenty people way never get the update say na there the oil the flow now no be for physical hardworking areas again. And the main reason way go make any person be it old or young fear to do anything online business digital investment like bitcoin nah because of the lack of knowledge way them the suffer from about the industry. If you put your eyes down Wella you go know say we way dey invested in cryptocurrencies nah because we don get the knowledge about am com even add personal research we do about am wey convince us say something good fit come out inside nah before we com the invest. Na just the matter be that.

First before anyone will invest in bitcoin they need to know the knowledge of bitcoin and understand what bitcoin is all about, we can't tell someone to come invest into what he doesn't know how it works or how the profit are being generated. What our needs is basic education on how it works, something that would serve as proof and example of how people have benefited from it, in 9ja we always have this mindset that anyone who is regularly spending time online is fraudster without them knowing there is some genuine works and business where you can work remotely from home or any place you have your internet connection.