Reason people are so adamant to invest in Bitcoin

[Perfectbaby]

As we know bitcoin is the fastest growing digital currency outside from other altcoin we know today, most times I have come to reason why most people don't like invest into a bitcoin like to utilize the opportunity as it's still minor and accumulates enough.

Here are some of my findings; you know with the
condition of our country is going it's very hard to understand that bitcoin is not just a digital currency but as a store of value and people doesn't necessarily utilize the usefulness of it creations instead lot of people are using it for immoral activity such as scamming purposes.

I could sight an example of mother whose child is into Bitcoin investment and during maturity the son happened to have sold his bitcoin to fiat after which he took some percent of the money to the mother and brother who are yet to open their eyes about latest development turn it all round for him that he is a fraudster how could he distance home for the duration of 2 to 4 years and came back home with a changing lifestyle, that he is trying to hide his evil activity that he is a scammer and the money was rejected.

To me, to impact people around us maybe our relatives or parents we can call them to order and give them basic knowledge about how the technology is being handled or how it works over times to enable them feels free to join the world changing technology.

Most people has used the word bitcoin in a way whenever they heard it the next thing that quickly comes into their mind is frauds, and this point investment is very hard. There are lots of sites that says invest such amount and received x amount in return all as a ponzi scheme and when they fails it gives bad name to bitcoin because some of those sites only accept bitcoin as a payment method, so even though you go with a genuine intention to tell them the real world about bitcoin they already feels exhausted and hated the word Bitcoin at this point pulling out their heart earned money to invest in bitcoin is like sinking their money into a none fruitful site again with their past experience.

[Charles-Tim]

Most people has used the word bitcoin in a way whenever they heard it the next thing that quickly comes into their mind is frauds, and this point investment is very hard. There are lots of sites that says invest such amount and received x amount in return all as a ponzi scheme and when they fails it gives bad name to bitcoin because some of those sites only accept bitcoin as a payment method,

I have posted before on a thread on this local board that people are not seeing bitcoin again as fraud or as a ponzi or hyip scheme. People (including Nigerians) all know that bitcoin is not a ponzi scheme unless the person is a bitcoin critic that no mater how you advice him, he will still find something wrong about bitcoin.

[promise444c5]

If and only if someone is  behind the world then he/She will see Bitcoin as a scam , although it no news that they are using it for scamming which is rampant in our so called country thus,it will be hard to believe by someone  who had been brainwashed  by what he or she heard about how Bitcoin is being used to scam people .
The world of Bitcoin is more than what it used to be, its more advanced now, before there were some issues  with size of transactions, fees and lot more but now much has been fixed,more businesses now use it as a means of payment and lot more.
Now tell me why investors won't be adamant to invest  more...

[Igebotz]

As we know bitcoin is the fastest growing digital currency outside from other altcoin we know today, most times I have come to reason why most people don't like invest into a bitcoin like to utilize the opportunity as it's still minor and accumulates enough.

Here are some of my findings; you know with the
condition of our country is going it's very hard to understand that bitcoin is not just a digital currency but as a store of value and people doesn't necessarily utilize the usefulness of it creations instead lot of people are using it for immoral activity such as scamming purposes.

Bitcoin is no longer something we're hawking from door to door or raising awareness about like it was a few years ago. Whether you advertise it or not, it's already old news, and whether someone finds it worthwhile to buy or not makes no difference; it's already received the attention it deserves.

That being stated, no one can be forced or expected to invest in or buy Bitcoin. And, not everyone with an interest has the money to invest, and not everyone with the money is interested in it..

me, to impact people around us maybe our relatives or parents we can call them to order and give them basic knowledge about how the technology is being handled or how it works over times to enable them feels free to join the world changing technology.

This isn't necessarily; anyone who's interested in something always find a way out.

[Kelward]

Na true say some people still de doubt di legitimacy of Bitcoin reach today, dis sets of people still de reason everything wey de for internet say na scam, and na so dem go still de pesimistic and beta things go de pass dem by. Aldo as e be now for Bitcoin matter, more people de get awareness everyday say na genuine digital cash and a store of value, compared to wen Satoshi, first create am, even me sef follow call am scam, say na Ponzi scheme. You no fit to take di rate wey people take de skeptical about Bitcoin, years back and compare am to now, di awareness and adoption don increase geometrically.

Recently wey Notcoin give airdrop reward to people, di thing don make plenty other people to understand say crypto matter no be play play thing, say e get people wey de make genuine money for inside cryptocurrency. And di thing don follow increase Bitcoin adoption, unto say more people don know say no be scam e be.

[Marykeller]

As Charles-Tim always clarified, people(including Nigerians) no longer see bitcoin as a scam or a Ponzi scheme. What I sense they are mostly afraid of taking risks of an investment in bitcoin because they don't understand its concepts and can't have their money placed in bitcoin for the long term, instead of the short term.

Haven't known of this, for someone who doesn't have the patience to invest in bitcoin for the long term, bitcoin investment will be a turn-off to them, which they will like to stay far from, not to deal with it

[Fiasem20]

Bitcoin don pass the stage wey most pipo go call am scam,scam projects no dey last for years.Most pipo, hardly you fit convince dem say Bitcoin no be Ponzi scheme because dem do allocate their funds for projects wey crash or wey carry deir moni run so with that fear most vulnerables of scam dey fear to put body for any online stuff.I be try educate my relative say Bitcoin no be scam and she con tell me say e get one Ponzi scheme wey carry her money run(MMM) and she no go like put body for any online projects.
Bitcoin na digital currency wey no matter how pipo dey think say na scam e still grow dey massively around the globe and di adoption of Bitcoin dey increase as airdrops don dey make wave in the crypto space.

[Zanab247]

Since BTC has dominated to open d eyes of users, that BTC is a decentralized currency u can use to buy goods in a society that is legal tender and it will be allow which it has made people to always put their money on BTC because is very secure and safe for future use.

If you look around d people that thought BTC is a fraud currency, u will discover that dey are very few in your society and dey don't have d knowledge of BTC, which is d reason dey are seeing BTC as a fraud currency which is not truth.

Some years ago, some group of people said BTC will not going to cross 2 years before it will scam people that put their money, but till now BTC is still dominating in d market to be d king among other cryptocurrencies and it has crossed 10 years to make some people believe is not a scam currency.

[Doan9269]

e cannot force people to make investment in bitcoin when they are not seeing the reason enough for them to dip step into taking the action on investing in it, then this has to start with us, are we leaving a kind of bitcoiner lifestyle worthy of emulation whereby others can be jealous of, or are they seeing us and are making gest of us for wasting our time on what is not productive, we should simply live by example and with time, that will motivate others to also adopt and invest on bitcoin willingly.

[Baki202]

e cannot force people to make investment in bitcoin when they are not seeing the reason enough for them to dip step into taking the action on investing in it, then this has to start with us, are we leaving a kind of bitcoiner lifestyle worthy of emulation whereby others can be jealous of, or are they seeing us and are making gest of us for wasting our time on what is not productive, we should simply live by example and with time, that will motivate others to also adopt and invest on bitcoin willingly.

Anybody wey you force if anything happen the person fit come them blame you say na you tell am say make him invest for bitcoin, the best thing be say if them ask you and they wan learn then you fit teach them and you self go warn them say na at their own risk because people they lose money for this kind thing, and if them say them they up to the task, no need to follow them argue because them fit they reason say you no wan give them update. but when they start and they see say the thing no easy toor na then you go fit know the once wey go fit do am because bitcoin no be for everybody. and if you see the way some bitcoiners they chill you go know say you wan do bitcoin by force but if you look when those people done start and if na people wey you they close to they go tell you most of the challenges they done face. and from your lifestyle them go also get interest and them no know say the thing no easy at all.

[DiMarxist]

Even our number one man dey reject bitcoin then parents would definitely do that. If you introduce bitcoin some educated people they would first ask you if the government has approved it. And now that federal government is fighting against bitcoin from the centralized exchanges and stopping them from banks to make transaction with them would make some people to be afraid to use them. And another thing wey dey make people e dey adamant or investing in bitcoin is because of the price. For now the price is high and they don't want to start the investment with big amount so they are waiting for the price to come down.
Scammers are everywhere in the internet. So calling bitcoin has scam is not a new thing and it is left for us to still tell them that bitcoin is not a Ponzi Scheme.
And I think in this present day now I don't think there is any family left in this country that doesn't know what is bitcoin unless the core pastors houses. And even at that the children would know.

[Cryptoprincess101]

Most people has used the word bitcoin in a way whenever they heard it the next thing that quickly comes into their mind is frauds, and this point investment is very hard. There are lots of sites that says invest such amount and received x amount in return all as a ponzi scheme and when they fails it gives bad name to bitcoin because some of those sites only accept bitcoin as a payment method,

I have posted before on a thread on this local board that people are not seeing bitcoin again as fraud or as a ponzi or hyip scheme. People (including Nigerians) all know that bitcoin is not a ponzi scheme unless the person is a bitcoin critic that no mater how you advice him, he will still find something wrong about bitcoin.

You are very correct because Bitcoin awareness have gone viral and there are a lot of people in the streets that are even looking for who will guide them through on how to invest in Bitcoin because majority of people have access to social media and they do come across scenes whereby someone will be talking about investing in bitcoin and other people that are commenting will also support and say positive things about Bitcoin infact, anyone who still thinks that bitcoin is scam now is either an illiterate or they lack exposure because i know how many people that have been disturbing me about their interest for bitcoin but i only choosed few that have investment mindset and the ability to withstand risks because when introducing people to bitcoin you will settle down and explain every nitty-gritty (absolutely everything they need to know) about bitcoin both the risks that are also attached to it.

[AVE5]

You said well Op, referring to the course why people are adamant to invest on bitcoin could be either as follows;
1) Economy factors; We all know how hard it's been for a common citizen to survive in the country due to the fact that the government can't provide job opportunities for her citizens neither do they cares of their welfares so, most citizens who has the desires to invest on bitcoin are focused on survival via essential consumable stuffs such as foods and meds. So can't afford to invest on bitcoin.

2) Educational influence; Most of the persons in our society today is being adamant to invest on bitcoin simply because their standard of intelligent or mental civilization isn't up to the digital era to undertake the risks of digital financial technology such as having their funds invested on bitcoin, it's assumed to them that the technology isn't realistic to be relied on when they're totally zero knowledge of it so, they'd as well having zero thoughts and trusts over it

3) Social influence; We've all agreed that bitcoin as the most reliable and reputable crypto coins invention was followed by some AltCoins which most are basically of the developers interests and not considered the profitabilities of the adoptors and the Investors, so, when such crypto projects are being dubious of scamming people around especially the inexperienced Investors, of course it clamours to bring doubts to bitcoin because they're all of cryptocurrencies according to mindsets of the newbies.

4) Government; The government has also played indirect role by distracting and discouraging Interested citizen no decline from investing on bitcoin after and during the sanctions of the government over the crypto exchanges. It speculates and incites fears amongst the public that if the government can be against such digital financial system then it's assumed some phishing potentials is attached to it.
It's just unfortunate that bitcoin has always been a frontline to such due to its dominance in the cryp sphere.

5) Unseriousnes; Some persons are opportuned to invest on bitcoin because they've the finance and are knowledgeable to an extend about bitcoin and truly know it's a recommendable financial system to store values and also investment for profits but they'd be ignorant and unserious to partake on it, they'd always say they'll they'll til time passes by where they're faced with challenges such as loosing of jobs, retirements without plans or during an economy inflations. Then they lives to regret it all.

Over to you OP, if your parents is such in doubt with you about your source of income and they don't seems updated to the digital technology, it's assumed risky of you disclosing your bitcoin investment to them because they can always take it to another party fur verification which can compromise your security. Don't think parents of such would have the interest to invest in the bitcoin just because you as their son was successful in it. It's better of you telling them you work remotely online and exempt bitcoin or related crypto involvement.

[Abbatty]

Here are some of my findings; you know with the
condition of our country is going it's very hard to understand that bitcoin is not just a digital currency but as a store of value and people doesn't necessarily utilize the usefulness of it creations instead lot of people are using it for immoral activity such as scamming purposes.

Bitcoin is a tool that promotes privacy and anonymity, and because generating a bitcoin wallet requires no form of identity, people often use it for fraudulent purposes. These are the individuals who make the government think negatively about bitcoin and regard it as a tool for scams, they tend to neglect the good benefits it provides and also neglect it’s true purpose and try to kick against it. The truth is everyone cannot be good, there will definitely be the bad ones and no even though the government bans it’s use people will still look for means to carry out their evil actions (fraud and scam has been in existence even before the establishment of bitcoin).

I could sight an example of mother whose child is into Bitcoin investment and during maturity the son happened to have sold his bitcoin to fiat after which he took some percent of the money to the mother and brother who are yet to open their eyes about latest development turn it all round for him that he is a fraudster how could he distance home for the duration of 2 to 4 years and came back home with a changing lifestyle, that he is trying to hide his evil activity that he is a scammer and the money was rejected.

This is as a result of ignorance. I have seen couple of mothers who condemn their children whhen they don’t understand the sources of their income, they are being protective and it’s good to question your child’s source of income but if you have raised him well then you should have nothing to fear. In our country a lot of parents believe any child into an online work is a fraudster labeling every other work as fraud because of the common yahoo boys work. I think the best way to avoid such accusations is to let your parents in on what you are into at an early stage even before you start making money.

To me, to impact people around us maybe our relatives or parents we can call them to order and give them basic knowledge about how the technology is being handled or how it works over times to enable them feels free to join the world changing technology.

The world is advancing and people need to advance with it too so you’re right OP we need to enlighten our people of any latest development so they are not left behin.

[Agbamoni]

Even the older Nigerians are fully aware that Bitcoin is legit at least the government has made them aware since the attack on cryptocurrency. The other day i was telling some persons that what the government where doing will not hinder the growth of Bitcoin in Nigeria instead it will create more awareness to the public. Through the radio stations and News Televisions and the blogs newspaper. Many who though that cryptocurrency were fraud begin to understand that the government were into it if not how are they aware of how it works.

I think the main reason why people have not invested in Bitcoin is because of lack finance and self-conviction. There are lots of people who wants to join the train but do not have the money, up till date they wished they can buy some Bitcoin one day. And the other set of people are those who still have doubt and lack convictions on how successful they can be if they go into Bitcoin. No matter how Bitcoin gain awareness or is made legit to the public if an individual does not have personal convictions and capital he won't start any investment.

[Kliss]

People dey adamant to invest for Bitcoin because dem dey confuse bitcoin and other altcoins, shitcoins,meme coins and other digital currencies wey dey now but dem no know say bitcoin dey entirely different from those other crypto. But e dey surprising to me say some guys no dey too gree invest for Bitcoin, dem dey miss out on the chance to accumulate well. Na true say for our country, e dey hard for some people to see say Bitcoin no be just digital money, e be like store of value. Some guys dey use am for bad things like scams instead of using am for better things.

That story wey you yarn about the guy wey sell him Bitcoin and him family think say e dey do fraud, e dey touching. E dey important make we educate our people about Bitcoin and how e fit help them. E dey possible to impact our family and friends positively if we fit give them the right knowledge about Bitcoin and its benefits.

People dey quick to think say Bitcoin na scam because of the fraud wey dey happen for some sites wey dey promise big returns wey no dey real. E dey hard to convince them to invest for Bitcoin when dem don see bad things like that. Some sites wey dey collect Bitcoin as payment just dey spoil Bitcoin name more. Even if you wan explain the real deal about Bitcoin, dem fit don tire and hate the word Bitcoin. E dey tough for them to put their money for Bitcoin after bad experiences with those sites.

[Roseline492]

As we know bitcoin is the fastest growing digital currency outside from other altcoin we know today, most times I have come to reason why most people don't like invest into a bitcoin like to utilize the opportunity as it's still minor and accumulates enough.

Here are some of my findings; you know with the
condition of our country is going it's very hard to understand that bitcoin is not just a digital currency but as a store of value and people doesn't necessarily utilize the usefulness of it creations instead lot of people are using it for immoral activity such as scamming purposes.

It quite unfortunate that even with how popular and fast growing cryptocurremcy is most people are still not satisfied with the realness of Bitcoin especially in this country were most people do not believe that something good will ever come out online and as such giving them the mindset that anybody that ventures on investment online is a scammer forgetting that technology has improved so much that people know longer depend on physical work to survive.

However one thing I know is that as time goes by most people will start changing there mind and invest on Bitcoin because if we even check properly now majority of people who are currently buying and holding Bitcoin is probably those that were skeptical about Bitcoin at the beginning but after learning and understanding the potential of Bitcoin they decided to change there mind and invest, so perhaps that's probably how people will keep coming into Bitcoin as they are realizing the potential.

[Mayor of ogba]

As we know bitcoin is the fastest growing digital currency outside from other altcoin we know today, most times I have come to reason why most people don't like invest into a bitcoin like to utilize the opportunity as it's still minor and accumulates enough.

Here are some of my findings; you know with the
condition of our country is going it's very hard to understand that bitcoin is not just a digital currency but as a store of value and people doesn't necessarily utilize the usefulness of it creations instead lot of people are using it for immoral activity such as scamming purposes.

I could sight an example of mother whose child is into Bitcoin investment and during maturity the son happened to have sold his bitcoin to fiat after which he took some percent of the money to the mother and brother who are yet to open their eyes about latest development turn it all round for him that he is a fraudster how could he distance home for the duration of 2 to 4 years and came back home with a changing lifestyle, that he is trying to hide his evil activity that he is a scammer and the money was rejected.

To me, to impact people around us maybe our relatives or parents we can call them to order and give them basic knowledge about how the technology is being handled or how it works over times to enable them feels free to join the world changing technology.

Most people has used the word bitcoin in a way whenever they heard it the next thing that quickly comes into their mind is frauds, and this point investment is very hard. There are lots of sites that says invest such amount and received x amount in return all as a ponzi scheme and when they fails it gives bad name to bitcoin because some of those sites only accept bitcoin as a payment method, so even though you go with a genuine intention to tell them the real world about bitcoin they already feels exhausted and hated the word Bitcoin at this point pulling out their heart earned money to invest in bitcoin is like sinking their money into a none fruitful site again with their past experience.

Don't blame our parents for thinking anyone who doesn't have a physical job is into fraud because some youths have made it clear that hustling in the right way can't give them the money they want or that a legit hustle does not pay. Some of our parents are aging, and they are not aware of the latest improvements and innovations in the world right now. We must let them know of the latest happenings that can allow us to make money while we are in bed. This will help our parents know how we make our money and what we are into, and they will stop having the impression that we are making money in the wrong way.

[DaNNy001]

As we know bitcoin is the fastest growing digital currency outside from other altcoin we know today, most times I have come to reason why most people don't like invest into a bitcoin like to utilize the opportunity as it's still minor and accumulates enough.

Here are some of my findings; you know with the
condition of our country is going it's very hard to understand that bitcoin is not just a digital currency but as a store of value and people doesn't necessarily utilize the usefulness of it creations instead lot of people are using it for immoral activity such as scamming purposes.

I could sight an example of mother whose child is into Bitcoin investment and during maturity the son happened to have sold his bitcoin to fiat after which he took some percent of the money to the mother and brother who are yet to open their eyes about latest development turn it all round for him that he is a fraudster how could he distance home for the duration of 2 to 4 years and came back home with a changing lifestyle, that he is trying to hide his evil activity that he is a scammer and the money was rejected.

To me, to impact people around us maybe our relatives or parents we can call them to order and give them basic knowledge about how the technology is being handled or how it works over times to enable them feels free to join the world changing technology.

Most people has used the word bitcoin in a way whenever they heard it the next thing that quickly comes into their mind is frauds, and this point investment is very hard. There are lots of sites that says invest such amount and received x amount in return all as a ponzi scheme and when they fails it gives bad name to bitcoin because some of those sites only accept bitcoin as a payment method, so even though you go with a genuine intention to tell them the real world about bitcoin they already feels exhausted and hated the word Bitcoin at this point pulling out their heart earned money to invest in bitcoin is like sinking their money into a none fruitful site again with their past experience.

That's exactly what happened to me and to an extent, I just gladly accepted the name and graceful snubbed and avoided any explanation of me being a Bitcoin investor rather I just go with the term already tagged on me which is a "Bitcoin scammer" and I believe it's kind of also sooting to know that you don't fucking owe anyone an explanation and even saves you from any unnecessary bills and money request because to an extent some of the people am supposed to give money to actually avoided me like am some kind of scammer whose source of income is illegal and this is exactly what poor mentality can do if you are open minded

[Perfectbaby]

Most people has used the word bitcoin in a way whenever they heard it the next thing that quickly comes into their mind is frauds, and this point investment is very hard. There are lots of sites that says invest such amount and received x amount in return all as a ponzi scheme and when they fails it gives bad name to bitcoin because some of those sites only accept bitcoin as a payment method,

I have posted before on a thread on this local board that people are not seeing bitcoin again as fraud or as a ponzi or hyip scheme. People (including Nigerians) all know that bitcoin is not a ponzi scheme unless the person is a bitcoin critic that no mater how you advice him, he will still find something wrong about bitcoin.

Well sincerely speaking you can't tell because to us it's not something new anymore neither do we need to preach about bitcoin door to door as @Igebotz already said, there are people who don't still have this knowledge about bitcoin this could be those people aren't familiar with internet or that are not interested with any digitalization.

Although vast majority of people knows bitcoin even as that there are people who don't still learn from their mistake except it befall them to learn a great a lesson, do you also know that there are people who knows about bitcoin but doesn't have a basic knowledge how it's being operated this people are the sets of humans that are so desperate to put their money in anything that relates with Bitcoin provided that they would received profit back in back in bitcoin.

Why do I say this?
There's a friend around us here who has been longing to have received some free bitcoin, with the mindset that when she download those app automatically she will starts receiving bitcoin without her work or invest in bitcoin.

She downloaded series of app and wants to mine bitcoin when she showed me I told her is fake, that she would mined to some certain extent after which she could be required to pay some withdrawal fee after which they will scam her.

And guess what? She was nearly scammed but since I had already given her the hint she wasn't that too fast to go pay fee to withdraw the so called satoshi from the mining app.