Why people dey fear to invest in Bitcoin and crypto?

[De-cub]

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.

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[I_Anime]

Done are those days most naija they fear to invest on cryptocurrencies, if you take notice you go see say the number of naija people wey duh involved for this cryptocurrencies matter duh use style many pass those previous years wey men dey fear to invest on cryptocurrencies because of trust issues and low knowledge about this cryptocurrencies. But now bitcoin duh help boost people confidence to they invest on cryptocurrencies that why majority always like to they invest on bitcoin alone.
Like many of my friends those days wey dey tell me say all this cryptocurrencies stuff nah scam nah them con even they do am pass me seff and all these investments duh still change alot of lives for this our contri.

[Hyphen(-)]

Most people who are still seeing bitcoin investment as a scam do not know anything about bitcoin. They may have heard people say they lost money on crypto trading, or some greedy people who lost their money to scammers can be saying that it is a scam. Also,  some people who have fallen victim to several Ponzi schemes due to greed will also say that it is a scam, but normal people who seek knowledge and understanding can never say that it is a scam.

If everybody understands the financial freedom Bitcoin has brought to us, they will stop saving their money in the banks because banks can never give you a profit, they cannot add value to your money, and they will even be charging you for saving your money into their accounts while they are using your money for external investment.

With the rate of unemployment we have, Bitcoin and crypto trading and other related cryptocurrency jobs are saving Nigerian youths.

[Asiska02]

I don’t really see it a big deal for people to be scared of investing into something online. Many of us today that are now crypto enthusiasts must have one time had the same feeling as them but what differentiates us from them today is the right information we have and the exploration of more findings about it that made us fully convinced that investing in bitcoin or cryptocurrency is the best thing to do in this technological age that we are now. We have seen how bitcoin have prosper to where it is now since the creation of it and we have seen how many people it has already pave way for a better living for also. This currency can only make life easier for those that know how to trade with it. Bitcoin na something to embrace, no be something to ponder too much about.

[Spaceman1000$]

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.

Omo currently you will hardly see people way dey fear to invest in bitcoin oh, Omo things no be like before oh, way people no know what's up about bitcoin,  ask the nearest youth closer to you about his idea on investing in cryptocurrency, you will know how vast and knowledgeable they are about cryptocurrency investment. That your uncle needs some education about cryptocurrency and I employ you to enlighten him, so he won't continue to go on with the nation that cryptocurrency is a scam.

[Mate2237]

Most people who are still seeing bitcoin investment as a scam do not know anything about bitcoin.

Exactly they are still swimming in the ocean of ignorant and they have to come out to the reality to face the real life. In this present days, the best way to life or have a comfortable life is not even government work but investing in Bitcoin though before you will make it in life it will take some years but when you have finally making it, you will be smiling. Many people in the society thinking that Bitcoin is for scammers and anyone who is into Bitcoin is a scammer.

I think that believe will be gone very soon since government has approved the use of Bitcoin in the country. Now we are waiting for the last approval of it which is the legal tender in the country.

[MainIbem]

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.

[letteredhub]

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.

[Nheer]

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.

[Samlucky O]

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.

[Doan9269]

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.

[Cryptomultiplier]

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.

[Gozie51]

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.

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.

[Makus]

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.

[Obim34]

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.

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.

[Makus]

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.

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.

[Obim34]

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.

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.

[Briankimp1]

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.

[Makus]

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.

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  

[Adams0001]

Most people who are still seeing bitcoin investment as a scam do not know anything about bitcoin. They may have heard people say they lost money on crypto trading, or some greedy people who lost their money to scammers can be saying that it is a scam. Also,  some people who have fallen victim to several Ponzi schemes due to greed will also say that it is a scam, but normal people who seek knowledge and understanding can never say that it is a scam.

If everybody understands the financial freedom Bitcoin has brought to us, they will stop saving their money in the banks because banks can never give you a profit, they cannot add value to your money, and they will even be charging you for saving your money into their accounts while they are using your money for external investment.

With the rate of unemployment we have, Bitcoin and crypto trading and other related cryptocurrency jobs are saving Nigerian youths.

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.