Why most people for naija believe say Bitcoin na scam?

[Mate2237]

Exactly mostly in telegram, all those scammers e don scam people weti no good on telegram. There was a time I most fall for one guy but I was smart enough to detect the guy and immediately I noted that im na fraudulent person na so im blocked me and run away. And one thing bi sae, when something become new to the world, no be everybodi go dey like Sharp Sharp, few people go like am and plenty people go dislike am but at time goes, the people wey go like go dey increase gradually.

And another thing na by choice and also the orientation given to the public about the project also means a lot to him. Bitcoin at the beginning was not bearing good name and di boys wey been dey use am e no come tell the public the truth, dem self dey hide dey use so make people come dey say the thing as bad something.

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[Cryptomultiplier]

One major thing I see inside this matter be say, until government of we country accept am as legal tender or make announcement or broadcast say we fit dey accept for payments from trusted parties or use am connect with the CBDC wallet somehow, e go just hard for people mostly those wey always dey glued to network news or over patriotic to believe say no be scam.
The truth be say one suppose don get some level of tech knowledge before e go fit even begin comprehend the discussion of Bitcoin let alone understand wating Crypto currency mean.

[DaNNy001]

Well I think it's because of the way people are always scamming in the country and most of the time it's related to use of bitcoin as a means and that's why many people are deceive into the mentality that bitcoin is actually scam and most time this is because of the short view that these people actually have. Well I don't blame anyone who actually has the thought but one thing is certain that if they only have the opportunity to see it from a different angle their view will be changed.

[CryptopreneurBrainboss]

I con realize say during those first period way mobile technology tay cast for naija,some of the people way understand all this Bitcoin matter use am tay scam many people so over time people con de conclude say Bitcoin na scam

Bitcoin got introduced to Nigerians form MMM and na ponzi scheme be dat, Bitcoin wasn't much of a buzz word in Nigeria until 2015 wey MMM promise anybody wey invest with Bitcoin 40% instead of the regular 30% wey Naira investment dey give and as you trust Nigerians na, people begin invest inside with Bitcoin and from their other ponzi scheme begin come out wey their currency na Bitcoin so the average Nigeria will always see Bitcoin as a get rich quick scheme because na wetin dey take know Bitcoin be dat. Only few people do research like myself because I was also introduced to Bitcoin from MMM but I no stop there as I begin attend seminars and reading more about the whole thing back in 2015. After all the crashes of those investment platforms (ponzi scheme) some people begin fear anything Bitcoin and online in general and na why people think say na scam.

Another thing way still de contribute na wrong idea. Many of them believe say Bitcoin de bring wealth over night.so Dem no de bother to read about am before Dem invest or hodl.the reason why Dem get dis belief na because I dn see many cases of all dis yahoo boys Dem (cyber fraudster)de use Bitcoin name de cover d scam way Dem de into

Every yahoo boy wey EFCC catch first go say him na Bitcoin investor, forex or crypto trader and when they finally confess the truth of wetin dem dey actually do wey be internet fraud, e go dun late because people wey no know go think say, dey got convicted because of what they said they were doing earlier and also this their scams na Bitcoin dem dey use cashout so all this one dey follow spoil people mind concerning the whole industry. I remember when I first dey do Bitcoin trading, my papa think say I dun join dem (yahoo yahoo) so without educating Nigerians the general public thought be say anything wey get to do with Bitcoin na scammers and no forget people no too trust anything wey no get physical shop again because of the experience from ponzi scheme crashing and there's nobody to hold.

[EarnOnVictor]

Bitcoin is not a scam, and never will it be. You also have to know that it's only a few sectional people with their old mentality and bitter experiences that see Bitcoin as a scam.

If you are patient enough in reading what I iterated above, you will discover that I mentioned "Old Mentality and Bitter Experience". They are simply the reasons why some people will always fear Bitcoin and this might persist for a long time, even forever with some people if they do not seek knowledge.

The Old Mentality infests people due to their environment, level of education and exposure, they believe that things online like Bitcoin are generally scams without knowing anything about it or giving it a chance to prove itself. This set of people believes that it's only what they can see, feel, buy and sell are the only real things.

Is Bitcoin faulty in this regard? Definitely not. It's those people who are ignorant and will continue to miss out on the goodies brought by Bitcoin. Perhaps, they would be convinced with time when they are hearing positive stories practically with people over time.

As for the Bitter Experience, it's in categories, some were practically scammed in the name of Bitcoin and cryptocurrency. I don't need to be expatiating on how people could be scammed through this and you can't expect those who are not deeply rooted in it to take it lightly, especially if they are not so literate. For others, it might be bad trading and failed investment, while the long-term bearish season of Bitcoin since the last major bull run contributes to this. People were so excited about Bitcoin investment shortly after the last bull run but they were not rightly informed. They were receiving advice from people to hurridly go and buy Bitcoin when they did not know how to speculate or have any serious knowledge/experience about it. This caused many to lose and I have a lot that have vowed not to be involved in anything cryptocurrency anymore due to this. I only try my best to educate them.

Still, I believe the next bull run would naturally convince them, and I advise anyone to first know what they are committing their money to so as to avoid losses and shifting blame.

[Kara3]

As the country be so, e get wetin yahoo boys don do some people for we country, those sets of people, nothing you wan tell dem to invest in anything online wey dem go do again.

I know two to three people dem don do dem strong thing in the past, if you as their friend come dey tell dem about Bitcoin, dem no go even allow you finish before dem go start to dy vex for you, to dem, anything internet na scam.

But as we country be so, we as people wey don see the light wey Bitcoin bring come, we just have to defend and clear that bad name wey yahoo boy don tag Bitcoin and any other online business with, because the more people wey involve for Bitcoin matter, the more things go dy easy for dem small small, dem no go too drink garri again due to hardship.

[Youngkhngdiddy]

As the country be so, e get wetin yahoo boys don do some people for we country, those sets of people, nothing you wan tell dem to invest in anything online wey dem go do again.

I know two to three people dem don do dem strong thing in the past, if you as their friend come dey tell dem about Bitcoin, dem no go even allow you finish before dem go start to dy vex for you, to dem, anything internet na scam.

But as we country be so, we as people wey don see the light wey Bitcoin bring come, we just have to defend and clear that bad name wey yahoo boy don tag Bitcoin and any other online business with, because the more people wey involve for Bitcoin matter, the more things go dy easy for dem small small, dem no go too drink garri again due to hardship.

  We Nigerian we love to do business we can physically see with our own eyes and not this audio money that is going around. So people get scared of bitcoin cause they feel it’s one of a Ponzi scheme like the popular MMM we had few years ago. This is due to ignorance and lack of awareness. It’s hard to convince anyone who has fall victim of the bitcoin scam to invest in it again.That is main reason why seminars and lectures should be held about bitcoin, so that people can have more understanding about the concept of bitcoin.
 People need to start getting proper knowledge about bitcoin cause it already on the mainstream and it’s a huge step to financial freedom. This is a life changing opportunity and they say opportunities comes but once. The last bull  run says it all. We all saw the the massive cash out that came with it. Now we are currently waiting for the next  bull run to happen. A business orient person will dive into this opportunity, cause they say “ a word is enough for the wise”

[Richbased]

Exactly mostly in telegram, all those scammers e don scam people weti no good on telegram. There was a time I most fall for one guy but I was smart enough to detect the guy and immediately I noted that im na fraudulent person na so im blocked me and run away. And one thing bi sae, when something become new to the world, no be everybodi go dey like Sharp Sharp, few people go like am and plenty people go dislike am but at time goes, the people wey go like go dey increase gradually.

And another thing na by choice and also the orientation given to the public about the project also means a lot to him. Bitcoin at the beginning was not bearing good name and di boys wey been dey use am e no come tell the public the truth, dem self dey hide dey use so make people come dey say the thing as bad something.

Well, you know say them don too scam us for this country so tey even when them show us evidence we go still dey doubt because omo scammers don do us wetin no dey nice o unless say you never fall victim before person go persuade you for wetin you no no even if you know sef u go still dey get that negative energy so no blame people wey dey feel say bit coin na scam.

It's just for us to be must focused and work together to achieve this next generation currency (bitcoin). Make we wey don experience the change continue in that spirit so that we go fit convince people to join to actualize this dream of many years.

[Roseline492]

Omo waiting scammers done do plenty people for this our 9ja no be small thing ooh, one of the things way spoil people mind na waiting MMM do people so after mmm scamm people of there money so people come put all frustration for any online work including crypto, to even make the matter worst scammers done scam people by creating a platform using Bitcoin as method of investing and receiving payments method, so asking somebody way them done scam that way to talk about Bitcoin go paint am to be scam ooh.