Why people dey fear to invest in Bitcoin and crypto?

[AVE5]

Bitcoin is either lawful or unlawful digital technology In a decentralized and non custodian system that's why it's illegal in some extends of societies which such is aggrieved based on how its rumours speculates in affecting people either to believe that it's productive to invest on or not.
So literally there's always supposed to be circumstances to understand anyone who's in doubt of bitcoin. As usually said that ignorance is not an excuse, but here on bitcoin considering all manners of positive and negative rumours of bitcoin and the crypto currencies as a whole, ignorance towards not accepting or not being educated about bitcoin or the crypto is an excuse because there'd always be alternatives to gain those services that the cryptos possesses. Is it about the potentiality services of alternative means for payments? Or is it about the potentiality of investment?
All these carriers of bitcoin or the cryptos has already been in existence only that it's a compatible and a digitalized and a centralized technology.

Please let's always note this that bitcoin doesn't require to be hyped because it's non of the MemeCoins than subjects it's potentials to hyping which attracts its investors.
I'm only agreed to explain and advice people to invest on bitcoin but I can't affordable to persuade or convince anyone to it because when the downside of it's deflation comes where the inventor is not emotionally stable to accepting  the situations, you'd be hold responsible inclined with any means the assets is being manoeuvred or anyway being lost.

Don't even find it something funny or thinking you're a generous of showing people the way to bench a national economy inflation.
Your uncle doesn't have to be blamed because he's under the influence of the safer side based on his thoughts about bitcoin being unreliable and disreputable.
Here Op I bring you a thread one of our fellow made that discusses about "Not to pressure anyone on investing in bitcoin. https://bitcointalk.org/index.php?topic=5488107.msg63786281#msg63786281


I'm also pleased to had come across this thread after I recently made a thread there in bitcoin discussion board that talks about the "Dangerous insights on a bitcoin Investor". https://bitcointalk.org/index.php?topic=5490006.msg63846344#msg63846344. In here despites the fact that bitcoin is a legalized financial technology in their society, those who're uneducated and ignorant towards it are still in doubt of It saying it's a fraudulent invents.

[Zanab247]

Many people have experienced so many things from digital investment that is making them to be afraid of BTC and crypto because, they discovered that without internet you cannot spend your money or withdraw your money to pay for goods or services like the way they use fiat money when they have it in their house or pocket.

Some are afraid to invest in BTC and crypto because if anything happen to their money no office to run to physical to lay their complain like the way some hackers will have access to someone fiat account and the person will run to the bank to find immediately solution for their customers care, not knowing that if they keep their BTC and crypto details very well nobody can have access to their money which is the one of the advantage those that have the knowledge of BTC and crypto are enjoying.

[odunybiz]

Many people just get this belief say since nah wetin concern internet them no fit do anything called investment, unknowing to them that is the best place to invest on.
Even my uncle's saw it as a scamming thing, but they never knew it's the best place you can save any amount of your income in life.
And still have access to your money at anytime you need  access to your investment. You all should invest online and see how your life will change for good.

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.

I cannot blame those that are not well enlighten about Bitcoin and cryptocurrency to be afraid of investing in digital currency because of the experience they had through MMM era who has resulted to the lost of lives of many Nigerians  for frauding and criminality. Many Nigerians lost huge amount to MMM so this experience made them believe that every other internet investment is a Ponzi scheme.

That is a Ponzi scheme which is quit different from crypto. Ponzi scheme is rob Peter to pay Paul and this isn't how crypto works. Although most don't really know how crypto works, they believe all online investment are the same. I'm also part of those people scammed during MMM but that doesn't stop me from trying again. Just that I can join any ponzi stuff again.

[Barikui1]

Many people just get this belief say since nah wetin concern internet them no fit do anything called investment, unknowing to them that is the best place to invest on.
Even my uncle's saw it as a scamming thing, but they never knew it's the best place you can save any amount of your income in life.
And still have access to your money at anytime you need  access to your investment. You all should invest online and see how your life will change for good.

Of a truth, in this modern age and time wey we dy, na only people wey dy misinformed or uninformed go fear to invest in Bitcoin, because Bitcoin have proven over and over again that it can always rally back if their is any setback in price, and besides, it's an asset that appreciate overtime, so any body wey still dy fear no really know whats up.

Lastly, there are some people for we country wey dy take anything wey dy for internet as scam, base on wetin mmm and others don do Dem, those set of people, nothing you wan tell them wey go make them change their way of thinking, so na to just let them be, no just worry Dem, because their mind is made up.

[KupaCrypto]

Although cryptocurrencies like Bitcoin don see high returns for di past and dem dey often consider say dem get lower risk factor. E dey important make we sabi say e still get serious risks wey e dey carry.

Di absence of regulation and di uncertainty wey dey regulatory matter, di plenty wahala wey dey volatility, security risks, complexity, scams and fraud wey dey revolve around di crypto space as a whole na some reasons why people fit still dey fear to invest for cryptos.

To invest for cryptocurrencies, make person dey careful and understand di risks wey dey involved.

[Manlikefrank1]

Many people just get this belief say since nah wetin concern internet them no fit do anything called investment, unknowing to them that is the best place to invest on.
Even my uncle's saw it as a scamming thing, but they never knew it's the best place you can save any amount of your income in life.
And still have access to your money at anytime you need  access to your investment. You all should invest online and see how your life will change for good.

A lot of people fear bitcoin because of volatility because in it price change, lack of regulation, negative publicity and perception, uncertainty of the future, fear of missing out and alot more