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Author Topic: Reason people are so adamant to invest in Bitcoin  (Read 365 times)
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June 08, 2024, 03:27:56 PM
 #21

Instead lot of people are using it for immoral activity such as scamming purposes.
I don't think that is a reason enough to make people adamant to invest in Bitcoin, because what I think is the primary reason is that people lacks knowledge about this new digital currency called Bitcoin, which happens to be the bedrock of their fear. But I'm happy as time goes on, people have come to understand that Bitcoin is the currency of the future, and the surest way to avoid inflation of wealth.

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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.
4 years is never enough to get you a life changing profit of a Bitcoin investment, or unless you are a trader who does both future, p2p and e.t.c to generate over 1000% to 10,000% profits in 4yrs. But moreover, the awareness of Bitcoin/cryptocurrency has really been massive this 2024, as compared to past 3 to 4yrs when people literally had little or no knowledge about what it's all about.

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June 08, 2024, 03:50:34 PM
 #22

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.


Your thread is very nice but I don't think the reason why people don't invest in Bitcoin it's just because of the fact that they see it as a scam I mean that was an old view of Bitcoin, the world is changing so is people mindset and the way they see things is also Changing and believe
me people who still see Bitcoin as scam are old people who grow up with that mentality and some people who are yet to know more concerning Bitcoin. This time around a lot of people are craving to join cryptocurrency and Bitcoin while some are regretting why they didn't invest in it since that is to say that they are regretting what they see Bitcoin as back then but right now I think the reason why most people don't invest in Bitcoin is because of funds and lack of Bitcoin knowledge, the country is so hard and there are things that are not going well, you can't expect someone that is finding it difficult to eat to invest in Bitcoin or someone that is working where the salary or wages is not good to invest in Bitcoin.

However, I don't even think it's compulsory to invest in Bitcoin, everybody must not invest in Bitcoin to be successful. And talking about a friend who travelled and came back home with lots of money  I mean it's somehow, even if I am the parents or brother I will first like to know how come about the money  cause who knows if he has done something outside Bitcoin but now cause of hardship and some other things I don't think some parents and brothers will reject the money though it is good to know where the money is coming from.

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June 08, 2024, 10:23:34 PM
 #23

Well at this point I think it's beyond their fear for fryd that is stopping them, bitcoin has stayed long enough for them to confirm that it's legitimate and lots of positive news about the price is also out there to encourage them, so if its not fear and its not the price then what, I'll tell you, its lack of knowledge, many people have heard about bitcoin but still doesn't know what it is, no has told them and despite this information been online they won't search it to find out, and those that know about it are still thinking that hey need to buy a whole bitcoin to have one, they Don know taht they can start accumulating bitcoin little by little through the DCA strategy and they don't even have any idea what that is, in my opinion we might not need to preach to anyone about bitcoin or to tell them is legitimate but still people need to know what bitcoin is and the freedom it offers over fait and how they can start getting it with the little they have, now this is what the public doesn't know and that's what we need to teach them.

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June 08, 2024, 11:08:42 PM
 #24

I don't know how old fashioned people could be in this new generation where impossibilities are becoming possible and people are gradually drifting away from the old ways of reasoning to a newer method, however when you talk of investment well for investment to be fruitful it needs at least to witness 2 halving and after two halving the profits could be aroun x2 or x3 of his investment except he ventured into altcoin investment where he could be lucky to meet up one of these pump and dump memecoin to have cashed out heavily.

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June 09, 2024, 02:28:37 AM
 #25

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 will be surprised to learn that plenty people still see Bitcoin as scam simply because they have fallen to scam in platforms that they used Bitcoin as means of investment. Because of the trauma of losing money, they might have lost the patient to learn that Bitcoin isn't the actually problem but just a means of payment through which they were scammed. I have seen a couple of people from my village that once they hear Bitcoin, their mind goes straight to the negative side because of wrong mindset. I know that this is a case of ignorance on their part but their mind is made up not to learn or even listen to anything Bitcoin. It will require extra effort of someone very close to people in this category to convince them that Bitcoin is not a scam.
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June 09, 2024, 09:06:39 AM
 #26

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.

You are right. They are not compelling anyone to invest in bitcoin or anything else that has worth. If you explain it to him and he doesn't cooperate like someone who is interested, you should just leave him and do what is important because when you force someone to invest and later lose, he will never believe you again and will bring an argument between your self, you don't know or when you explain to him he doesn't have much money that he will invest for long term to be profitable because you are disturbing him, he will try to invest and if the market did not go well he will complain and still talk rubish about bitcon. So everyone who does not believe in bitcoin should just be and forget about him because not everyone believes the truth, so let them continue to talk and we will benefit from it. Because I'm sure people who are saying negative things about Bitcon should know that it's real. It's just that they don't have the money to invest or they're doing it in secret so no one knows they're investing, and they will continue saying bad things about Bitcoin in public, which is inaccurate.

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June 09, 2024, 01:31:01 PM
 #27

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.

You are right. They are not compelling anyone to invest in bitcoin or anything else that has worth. If you explain it to him and he doesn't cooperate like someone who is interested, you should just leave him and do what is important because when you force someone to invest and later lose, he will never believe you again and will bring an argument between your self, you don't know or when you explain to him he doesn't have much money that he will invest for long term to be profitable because you are disturbing him, he will try to invest and if the market did not go well he will complain and still talk rubish about bitcon. So everyone who does not believe in bitcoin should just be and forget about him because not everyone believes the truth, so let them continue to talk and we will benefit from it. Because I'm sure people who are saying negative things about Bitcon should know that it's real. It's just that they don't have the money to invest or they're doing it in secret so no one knows they're investing, and they will continue saying bad things about Bitcoin in public, which is inaccurate.
You can elegantly advise on Bitcoin and that is certainly reasonable even though Bitcoin is a volatile and safe investment medium. You can ask him to research about price charts which will help him to decide on his own. This is how you should keep quiet about investing in Bitcoin.

Let me tell you my experience - in my student life a friend was a very good student and he was doing something besides studies but he didn't tell anyone and his financial condition was comparatively very comfortable. I asked him many times what he actually does but he refused to say anything. After about 1 year he told me he is a bitcoin holder and he belongs to the forum. What I mean by this is that if you can create a good position for yourself in the society like financial stability or some positive aspect of yourself then everyone around you will try to focus on you and it will be easier for you to understand them about that.

If you focus only on Bitcoin, people will focus on you and then they can be enthusiastic about the way you show them.

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June 09, 2024, 05:29:08 PM
 #28


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.

Times differs and every phase of life has an investment choice that's preferred by them. In our digital generation where youths are conversant with current and emerging technology, it's easy to educate them about Bitcoin and the blockchain technology and encourage them to start off there investment at an early age but that's how far we can go. If you want to educate most of our parents, they wouldn't understand it most expecially when you talk to them about the volatility aspect of Bitcoin investment.

Most of our parents are looking out for investment option they can see physically like making purchase of land, building house for rent or buying car for hire purchase. If you bring them such investment ideas and tell them what they can get at the end of the month or year, it's going to be easier for them to understand and consider the investment choice than learning a whole lot of things about Bitcoin and how to take care of thier wallet and for some of them that don't even know how to handle Thier mobile device, it's likely that they won't subscribe to that idea. But for the aspect of teaching the our younger ones, that's the best set of people that will benefit maximally from investing into Bitcoin at an early age as they have a good range of time to build their portfolio and grow into knowing that they have something to start life with.

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June 10, 2024, 12:46:10 AM
 #29

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.
Irrespective that Bitcoin is the most reliable grow digital currency I still believe that one of the major reason why some people may not consider Bitcoin as reliable means of investing their money is lack of information and knowledge about the system. No matter the increased awareness of Bitcoin a lot of people still don't have the basic knowledge of Bitcoin processes, so I think before encouraging someone to invest in Bitcoin there is need to sensitize the person to gain the prerequisite knowledge of Bitcoin as a means of investment. Secondly.
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June 10, 2024, 11:59:34 AM
Merited by CryptopreneurBrainboss (2), Igebotz (2)
 #30

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.
Some people for this country no get money to dey buy Bitcoin or other alts coins, investing in Bitcoin no easy as you may think my brother, investing in Bitcoin needs you to be getting various streams of income so that you no go dey depends on one source. Na people wey get money dey enjoy this crypto ecosystem because then get the chance and opportunity to buy hodl without touching their investments, some people sabi crypto trading by reading charts and all that but no money to dey practice wetin them sabi, if you can watch closely, na people wey no sabi crypto but get money dey enjoy this crypto thing, so e no just easy for the common man to invest in accumulate more Bitcoin except say him go decide to stay hungry for long before getting profit.

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.
Some people think say Bitcoin na get rich quick scheme by investing in those scam sites, na people with no knowledge about crypto dey fall victim of this site. Well, that's how good investors are emerge because mistake makes and shapes you towards been a good investor.
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June 10, 2024, 02:53:20 PM
Merited by CryptopreneurBrainboss (2)
 #31

Looking at some ofthe narrative the wrong people have brought to Bitcoin, it becomes a sad thing and such that almost no body really wants to be in connect with because they think it's al about the crime for which the wrong persons have portrayed it to be. Bitcoin as a store of value is a concept that most people who aren't exposes enough don't eventually get to understand especially in developing countries like Nigeria, they believe it's only fraudulent activities or ponzi that can get your money increase in value over a period of time, it's just that they lack the exposure and knowledge a d so I wouldn't want to really throw much blame at them but when ever we get affected directly, it's important we educate the people around us so they get to see the light beyond the wrong conception they have had all this while about Bitcoin. A Bitcoin investment just like a land investment is definitely going to appreciate and if they know this simple concept, it will go a long way in helping them change their mind set about Bitcoin and it's investment.

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June 10, 2024, 03:51:58 PM
 #32

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 will be surprised to learn that plenty people still see Bitcoin as scam simply because they have fallen to scam in platforms that they used Bitcoin as means of investment. Because of the trauma of losing money, they might have lost the patient to learn that Bitcoin isn't the actually problem but just a means of payment through which they were scammed. I have seen a couple of people from my village that once they hear Bitcoin, their mind goes straight to the negative side because of wrong mindset. I know that this is a case of ignorance on their part but their mind is made up not to learn or even listen to anything Bitcoin. It will require extra effort of someone very close to people in this category to convince them that Bitcoin is not a scam.
When it comes to Bitcoin investment and all the opportunity that the crypto space presents, I feel its more better to actually keep some of the things you know to yourself because a lot of person out there are actually ignorant fool who if you even try to convince them in seeing the beautiful opportunity that this media offers will still turn it on you and blame if they probably get the whole picture wrong

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June 10, 2024, 08:13:18 PM
 #33

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 will be surprised to learn that plenty people still see Bitcoin as scam simply because they have fallen to scam in platforms that they used Bitcoin as means of investment. Because of the trauma of losing money, they might have lost the patient to learn that Bitcoin isn't the actually problem but just a means of payment through which they were scammed. I have seen a couple of people from my village that once they hear Bitcoin, their mind goes straight to the negative side because of wrong mindset. I know that this is a case of ignorance on their part but their mind is made up not to learn or even listen to anything Bitcoin. It will require extra effort of someone very close to people in this category to convince them that Bitcoin is not a scam.
When it comes to Bitcoin investment and all the opportunity that the crypto space presents, I feel its more better to actually keep some of the things you know to yourself because a lot of person out there are actually ignorant fool who if you even try to convince them in seeing the beautiful opportunity that this media offers will still turn it on you and blame if they probably get the whole picture wrong
No be lie mate, you actually said my mind. To keep the knowledge wey you get about Bitcoin no dey bad because e get why. E get some folks wey you go tell about Bitcoin them go think am say you won run them street, so nah normal thing say person keep watin em know fo em sel for safety purpose.

R


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laijsica
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June 11, 2024, 02:51:13 AM
Merited by hugeblack (1)
 #34

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 will be surprised to learn that plenty people still see Bitcoin as scam simply because they have fallen to scam in platforms that they used Bitcoin as means of investment. Because of the trauma of losing money, they might have lost the patient to learn that Bitcoin isn't the actually problem but just a means of payment through which they were scammed. I have seen a couple of people from my village that once they hear Bitcoin, their mind goes straight to the negative side because of wrong mindset. I know that this is a case of ignorance on their part but their mind is made up not to learn or even listen to anything Bitcoin. It will require extra effort of someone very close to people in this category to convince them that Bitcoin is not a scam.
When it comes to Bitcoin investment and all the opportunity that the crypto space presents, I feel its more better to actually keep some of the things you know to yourself because a lot of person out there are actually ignorant fool who if you even try to convince them in seeing the beautiful opportunity that this media offers will still turn it on you and blame if they probably get the whole picture wrong
You can be a profitable investor only if you can spread your success to everyone. A self-centered attitude can be detrimental to a society as well as a country as a whole by creating more and more rich and poor groups. Being positive in your relationships with different categories of people and appreciating them can make you great. Later on they may follow you and maybe  make them more interested in Bitcoin investment. But you will never understand a class of stupid and ignorant people because they like to criticize more and they are inferior. I think in places like the crypto space, especially bitcoin, historically you've been hard to convince someone to invest in because it's so volatile.But you have to be strategic in promoting its price chart and potential as well as practicing yourself to be more BTC holder.

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June 12, 2024, 07:51:54 AM
Merited by hugeblack (1)
 #35

I will say that there are so many reasons why people are adamant to buy bitcoin. Lack of job or lack of good job can make people adamant to buy bitcoin. In our country, we know that majority of the citizens are poor and the jobs that they have cannot take proper care of them, and  their responsibility is more than their income. At the end of the month, there will be no disposable income left which they can use to buy bitcoin. While some of them don't have any means of income and they survive by the grace of God. Remember if you don't have a means of income and disposable income, buying bitcoin will not be beneficial to you, because you will not hodli for long and you will sell once you face a big financial challenge, and run at loss if bitcoin price is below the price that you bought.
The price of bitcoin can also discourage a lot of people who don't know that they must not buy one full bitcoin but they can buy in fractions. These people have interest to buy but they cannot. Lack of confidence in bitcoin due to fear of the unknown is still a problem why people are adamant to buy bitcoin. Lack of mentor, you don't just go and tell someone to buy bitcoin when he is not seeing the evidence of investing in bitcoin on you. Procrastination and Government FUD are barriers to some person that made them not to buy bitcoin. The fact is that no matter how bitcoin price skyrocket, there must still be bitcoin haters that willnnot invest in bitcoin. So if you put all these factors in to consideration, you will see that people will fall in these different categories and the percentage of people that are adamant to buy bitcoin is higher than those that have bitcoin.
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June 12, 2024, 11:27:16 AM
 #36

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.

I no go blame the brothers for suspecting their brother of being into a fraudulent act, Infact I will also do the same thing if I should be in their shoes. You sef talk am for your thread say some people dey use bitcoin in illegal ways. That aside, for this our country plenty people dey into fraud but dem dey use bitcoin to cover up their fraudulent act. It's not a big deal, the brother should just open and prove himself that he no do fraud na legit money from bitcoin investment or trading. I have come across many of them like that online posing themselves as investors but low key na internet fraudsters dem be ripping people of their hard earned money.

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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.

This one sound like an enforcement to me. The earlier we realized that this bitcoin of a thing is not a do or die something, the good for us. Na something of a choice and we no need to tell people to come and do it if they choose not to do it. By the way, everyone get him differently way wey dey go take make am for this life. Some people dey think say you go get benefit by telling them about bitcoin as if it is refer and earn something. No be hard something to me again, if I ask me about it I will tell you the little I know and if you no ask, na so we go dey look each other.

Those who believe in this project are already into it and those who still see it as a scam have distance themselves from it. I dey sure say some of them go soon realize and turn back to us to join the new technology. E no go reduce the potential of Bitcoin if they choose to remain adamant to new technology.

R


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Obari
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June 12, 2024, 10:11:56 PM
 #37

No be lie mate, you actually said my mind. To keep the knowledge wey you get about Bitcoin no dey bad because e get why. E get some folks wey you go tell about Bitcoin them go think am say you won run them street, so nah normal thing say person keep watin em know fo em sel for safety purpose.
People have been recalcitrant to the inculcate information relating to bitcon. And I ask, why? Fraud have been the orders of the day with the mere mention of bitcoin, everyone turn around to see one as scammer, perhaps those that have basic knowledge of bitcoin utilized the piece of information for their personal ends meet and ensure they're taking in everything valuable to hits top targets. Bitcoin have helped some many people in the real world and have also become the cause of some many people falling back to trenches. We just pray and hoped for a promising future because everything seems volatile when it relates to cryptocurrency and bitcoin.

R


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Pi-network314159
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June 13, 2024, 06:45:40 AM
 #38

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.
Yes it is a good idea, but what matters is how they can take it serious because even the younger generation are still not serious about bitcoin. I have tried to explain to some elderly people about bitcoin investment, but they usually say that they need a physical asset to invest in, so that they can have a document of ownership. That they don't need an online Investment. that online Investment may closedown one day and you won't hold any body responsible or if it fall will I refund them? I said no. And judging from their own side of the story and how Cryptocurrency works, bitcoin may fall to zero and you can't hold any body accountable for it and that is true. At that moment I don't have any convincing mind anymore. I just said bitcoin investment is risky and I will not force anybody because if anything should happens, like bitcoin dip so low and the person who invested under you asks you to sell his coin and it didn't come out in full due to fall in price, you may have to explain further.

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
That is exactly the point, most scammers have used bitcoin name in cometing different atrocities and because of that reason, bitcoin has a bad reputation in the minds of many and that is the reason why most people are so adamant about bitcoin investment or don't want to hear about bitcoin. But the fact is that we will not give up in promoting bitcoin but we should be mindful with the people we tell about bitcoin because many people will have another interpretation of it. Like thinking that you who is advising it is already a millionaire, and you may be a target to criminals. Bitcoin is good to advertise but when wrongly advertised or if advertised to the wrong people may put you at risk.

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Sonia_123
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June 13, 2024, 04:11:10 PM
 #39

The reason is that our country lacks truth, honesty and sincerity which has helped scammers achieve their goals in frauding ,even within family members, friends and others are no longer who you really think they are when it comes to money, i don't know if it is our economy, situations we find ourselves has turned people behaving like that or it has to do with our moral upbringing. Lies has become the order of the day in our country and so people are confused when it has to do with Bitcoin because even if they you have the real source that is genuine ,they are sceptical of being scammed again not that they don't believe or adamant, is to get a trustworthy person. Our society now, knows Bitcoin is real.
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June 13, 2024, 09:34:45 PM
 #40

The reason is that our country lacks truth, honesty and sincerity which has helped scammers achieve their goals in frauding ,even within family members, friends and others are no longer who you really think they are when it comes to money, i don't know if it is our economy, situations we find ourselves has turned people behaving like that or it has to do with our moral upbringing. Lies has become the order of the day in our country and so people are confused when it has to do with Bitcoin because even if they you have the real source that is genuine ,they are sceptical of being scammed again not that they don't believe or adamant, is to get a trustworthy person. Our society now, knows Bitcoin is real.
Well you no fit blame because only the way yahoo boys sef don flood the society with this kind thoughts e go really hard for them to believe any thing genuine. Plus so many people don already be victim of many ponzi schemes and dem no go like be victims again especially when that big one hit so many persons @ MMM infact that thing make plenty people really skeptical about anything investment and doubling profits.

R


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