Topic: Why so many Nigerians youths prefer crypto to local stocks (Read 105 times)

For now crypto market is what is paying both the white man and the black man,and alot of money flowed into the market,which is making it one of hot kick investment so far,with all this explanation I see no reason why Nigerian youth we not be in the crypto market.

As mentioned "Nigeria" to why her youths has preferred to invest in the Crypto market Instead of the stock markets is simply because the financial exchange for goods and services had become values that it's proportionally on probability to make profits with the stocks market as cost of commodities are high and struggling to earn money seems difficult and it scares investing on highily potential risks like that in the stocks seems unaffordable to take the risk.
Frankly seeing it other ways, Nigerians are not paving away from the stocks rather than diversifying their Investments on crypto investment to increase their portfolio and also saving there on bitcoin for store of values Instead of the naira since the economy is going backwards instead of forward.

No current or enlighten youth now that Will not go for crypto investment Considering all the better better benefits way they involved in it. When you put your money into crypto (bitcoin investment) your money go dy increase from time to time regardless of anything, instead of depreciating in value your investment go dey appreciate in value over time. So you see am say e dey very good  to deal on crypto.

however, when you put your money for  our local bank account instead of the money to dey appreciate e go dey depreciate because of there normal service charges plus other bank cut cut wahala.

Lack of regulation of the crypto industry and the potential high profits that you can get from the industry, na wetin dey attract Nigerians. The fact say person fit use the least $10 invest for one memecoins and wake up worth more than a million Naira is what make Nigerian interested in the industry, we too like fast money things for this country.

Another thing na say na the new way to make money and when something still dey new, na always the best time to join and na why many people dey into crypto. No forget say we get more people in gambling than crypto and to some, crypto just dey like gambling so everything just dey aline. Nigerians no dey take eye see wetin dey give money and then no go do am, na wetin dey make we plenty for this industry. Jobs no do so why we no go put hand for where we fit dey see daily bread.

Stocks na for the big boys o. Like we dey talk, if skin nor full, no put body. Just try do small experiments make you go street make you ask boys wetin be their best performaning stock , I fit bet say na only one person go tell you the correct answer. You know why, because e nor to easy like that. But shey you see crypto eh- e dey everywhere like MTN . Even small children fit tell you one or two about crypto and you see say e dey easy to enter am. Na the answer be that.

Of course everyone would love to invest in a volatile asset like Bitcoin. Asking why many Nigerian youth use crypto over local stock is like you don't understand the important of Bitcoin. Well if you don't know before please know from today that Bitcoin happens to be one of the most volatile asset today to invest for the future. And of course everyone would love to invest in it.

Who no go embrace crypto for dis kan era wey we dey now wen be say everytin is going digital and since a lot of youths have been very progressive after getting involved in cryptocurrency wat do you expect if not more people developing interests because no body want to be left behind, any update wey enter street people dey follow am up wit their full chest and due to how the economy don really deal with people for the country no body dey fall lazity again as everybody just dey hustle how dem go take survive which is the more reason why a lot of our youths are now into cryptocurrency regardless of the risks wey dey involved in dealing with cryptocurrency. No body dey send stock market again now as majority of people are after wetin go give dem $ and not naira again since our currency dey lose value everytime.

Stocks are completely centralised and you know with the government having full control about how the stock exchange market operates they can manipulate things and at the same time seize your assets upon any slightest provocations. No one will proper knowledge about the crypto market will prefer to go for a system that can decide to shut you out anytime for either a reason that is worthy or a baseless reason to a system that gives you full control of your assets.

It is true the crypto market is highly volatile but the fun thing about good crypto assets e.g Bitcoin is that it gives you the privilege of being your own bank, maintaining the status quo of not your keys, not your coin. Secondly it's ROi on a long term base can be very rewarding as compared to the centralised assets like stocks and other metals. I will rather stay where I know I have full control of my assets than gamble with my fortune.

Well i say that as the day is breaking day by day that is how the world is becoming global and digital, so as many of the Nigerian youth to don't like what will stress them at all, in terms of any transactions since Bitcoin is fastest and reliable in the market, it is the only our fathers that will not understand how crypto works that will founding it difficult to make use of crypto because they are not used to on crypto work.

Nigerian youth do not think the way the old forks think. And the reason why the youth like crypto more than others because mostly Bitcoin it is a store of value and the value of the local currency is nothing compared to the current economy of the state. If you keep your funds in the local currency, there will be no value added to it and you will be paying Banks and CBN from the savings every month and that reduces your funds gradually and there will no increase but in bitcoin there are two markets. Bear market to buy and bull Market to sell. So many people dey join crypto community because of the store of value. I have sold Bitcoin to many people. And theirs' is only investment. And it is for a long term. And another thing wey dey make people to join na the value of the Naira which I don talk before and since dem no get another thing to do so they decided to invest in crypto. And lastly, recent explosion of airdrops also make even the illiterate to understand crypto and many people dey farm and mine cryptocurrencies in telegram so that also increases the number.

People are not interested in the stock market na because of the unstable nature of the Naira. Guy your money go lost because if you invest in the time when dollar e dey high and we all now that dollar go come down one day and when im come down, e no go go up like dat of bitcoin. So the stock market is only trading by government apparatus. I have not seen an individual involved in the Nigeria Capital Market/Stock market except the business tycoons.

Many youths understand the crypto industry pass the Nigerian stock market, so that is why they choose it over buying shares. E no bad to diversify oh, that is buy crypto, come buy shares, e get big companies wey you fit buy their shares, for exampe: Dangote cement, MTN, different banks, etc.

That being said, you go study the company before you buy their shares oh, the stock market is also risky. One problem wey dey worry me about investing in the Nigerian stock market na inflation/devaluation of our currency, if you buy shares in Naira, even if you make profit oh, if within that time inflation don affect the Naira well well, then e go affect you and in reality e fit be say you no make any ROI.

Many Nigerians youth are now engaged in the crypto community and also have invested and adopted in the cryptocurrency market and other digital assets rather than shares and stocks, which i would say it's the best future investment to do in this our life time, i will say the reason shares is not much invested is that most of the socks are perception that the market is highly susceptible to manipulate by few owners or gatekeepers also makes it look unattractive to the your Nigerians investors, in the years 2006 to 2008 the stock market crashes for me i guess this was a enough reason to have leave the stock market already, for some research i got to no that Nigerians have beaten other global countries with the highest search rankings in crypto since the bear market with
more than 380 key search phrases as of April, cryptocurrency owners and adoption shows that Nigerians has the second highest numbers of BITCOIN owners as of October last years at 48%, up from 16% in this same last  years the adoption and it interest rates capture the young youth.
Source: https://businessday.ng/technology/article/crypto-vs-stock-in-nigeria/