Why do you think most people show little interest in Bitcoin investments?

[Marykeller]

The number one reason wey make many people no get interest for Bitcoin na lack of understanding, dem no get knowledge about a lot of things wey concern Bitcoin and if you take your time to educate dem you go surprise say dem go put interest.

Make I mention some of di reasons wey make many people no get Interest for Bitcoin.

Trust : Based on di level of scams wey de online, many people no trust anything wey be online investment, dem de see most of dem as Ponzi schemes.

A lol if scam crypto projects : Mechanics no let us know who be mad people again meaning say di name "cryptocurrency" de make some people to classify all di scams and genuine coins as cryptocurrency. Remember some of our celebrities and foreign celebrities wey dem take dem name float crypto tokens wey later scam many people people, if those people hear cryp! dem don run before dem hear di remaining tocurrency. People need to know di difference between Bitcoin and altcoins.

Quick returns : Some wey hear and understand about di profit wey de for Bitcoin investment no get di patience to de buy and hodl for many years before dem go get sure profit. Bitcoin na volatile asset so no be something wey de guarantee you quick profit on di short term.

Technicality : Some people think say dem supposed to understand Bitcoin technical aspects before dem go enter di investment, if dem hear di technology wey de inside Bitcoin matter dem go prefer to do investment wey dem go pay and de get ROI without any technical knowledge.

Self custody : Not you keys not your coins, no be everybody fit to manage to keep dem private keys safe because na di keys be di access to dem coins through dem wallets to dem Bitcoin for Blockchain. Although alternative de like to hold dem coins through exchanges but na di exchanges hold di keys to dem coins' which is not very safe.

Bitcoin no de complex as some people de reason am, dem no know say dem no need to get all di information before dem go start, dem fit to understand basic knowledge about wallet security and where to buy from and gradually dem go de increase dem knowledge.

People avoid Bitcoin because of fear, scams, impatience, and misunderstanding. With proper education and basic knowledge, many of these fears disappear.
Many people are not interested in Bitcoin mainly because they don’t understand it. Once people learn about it properly, many of them will actually become interested.

That makes it for us to lecture the people we know about Bitcoin, let them have knowledge first, and it will be left for them to decide on their own whether they will invest in Bitcoin or not, knowing about its volatile nature and the risk involved.

People having the right knowledge of Bitcoin actually helps in their accumulation of Bitcoin, how they should be patient, DCA and hodl through the long term plan they had in mind. They can't do all that, if they are not lecture about how they can go about their  Bitcoin investment journey.

[Mate2237]

well I also think some people are having such ideas that it's very hard and they feel Bitcoin sometimes has wide price swings and isn't well regulated and lacks protection for investors which mostly it too tricky to understand and has environmental concerns the main.

OP you made mention of environmental concern in your write up so can you link the environmental concern you are referring to with the topic of discussion because I don't see the link that Bitcoin really has an environmental concern. The fact of the matter is that, when it comes to Bitcoin investment we in Nigeria is still grasping with the reality on ground and alot of people is finding it difficult to face the reality on ground, Bitcoin is a new technology so you don't expect everyone to buy into it. It will still take some time before a greater percentage of people will come to realize on ground.



The biggest problem to Bitcoin breakthrough in Nigeria has been ignorance. There has been a lot of wrong informations that has been put forward by people who themselves don't even know anything about Bitcoin. And this has contributed largely to the way that, Bitcoin has been viewed in the country but overall I can say that Bitcoin has been a huge success because despite the lack of ignorance many Nigerians is still taking advantage of the opportunities of Bitcoin.

[ObaLabsX]

well I also think some people are having such ideas that it's very hard and they feel Bitcoin sometimes has wide price swings and isn't well regulated and lacks protection for investors which mostly it too tricky to understand and has environmental concerns the main reason for not being keen in Bitcoin are like high volatility and speculative natural the vaule of Bitcoin can change a lot and without warning so many people find it hard to trust as a stable currency or a safe long term investment detractors often say it's worth is just a based on speculation.

some possible reason I feel people don't see it as an good investment

* Most people feel it to hard and complicated and completely complex and the tech part is very hard as well which I feel that can not be a better reason not to invest,

* And people see it as to volatility some the price is most fall down and sometimes the price can drop down so this disconnect people from having to invest in it,

* people feel a lot of scammers are tracking it mostly so it disconnect people from it which can be very important,

* And they feel it more of altcoin or meme coins which might end up running always just like this Scams that happened "MMM" well sometime it still amazes me that most people still think about Bitcoin as this which I feel it more of wrong for people to think such,

In addition Bitcoin has come to stay for good

Not everyone has to be interested in Bitcoin. It's true that some of us understand its origins and uses. I think those who aren't interested are still stuck in traditional financial concepts and lack bitcoin literacy. Bitcoin's less than two decades old means it's dominated by the younger generation, while older generations still rely on traditional stores of value.

One thing I know is that Bitcoin isn't for everyone, but it's for those who understand its value and essence.

[Lembo69]

Bitcoin is a unique and secure asset, which is managed through blockchain technology. It is unlike other conventional assets, because its supply is limited and decentralized.

Many people think that people are not interested in Bitcoin. In reality, this is wrong. Even though people are interested, many do not dare to invest. The main reason for this is that the price of Bitcoin seems too high and they do not know how to get started. However, they do not know that it is possible to buy Bitcoin in chunks through the DCA strategy.

It is noteworthy that many large developer companies and institutions are also investing in Bitcoin. This proves that important players in the technology and financial markets are also interested in Bitcoin.

If someone says that Bitcoin is not safe, that is also not entirely true. The user is fully responsible for managing his own wallet. Therefore, it is possible to keep the asset safe by taking care of private keys and security. Although it is easy to invest, it is difficult to hold it in the long term, because many people sell in a hurry for a small profit.

Bitcoin is not for the faint of heart; rather, it is suitable for long-term investment with patience. It is for those who have the habit of investing, show interest and invest regularly. But those who never invest at all do not invest because they are in some fear.

[Sulegzy39]

well I also think some people are having such ideas that it's very hard and they feel Bitcoin sometimes has wide price swings and isn't well regulated and lacks protection for investors which mostly it too tricky to understand and has environmental concerns the main reason for not being keen in Bitcoin are like high volatility and speculative natural the vaule of Bitcoin can change a lot and without warning so many people find it hard to trust as a stable currency or a safe long term investment detractors often say it's worth is just a based on speculation.

some possible reason I feel people don't see it as an good investment

* Most people feel it to hard and complicated and completely complex and the tech part is very hard as well which I feel that can not be a better reason not to invest,

* And people see it as to volatility some the price is most fall down and sometimes the price can drop down so this disconnect people from having to invest in it,

* people feel a lot of scammers are tracking it mostly so it disconnect people from it which can be very important,

* And they feel it more of altcoin or meme coins which might end up running always just like this Scams that happened "MMM" well sometime it still amazes me that most people still think about Bitcoin as this which I feel it more of wrong for people to think such,

In addition Bitcoin has come to stay for good

I have idea, the reasons why some peoples show little interest in bitcoin investment is that sometimes bitcoin wide price swings and it’s not well regulated bitcoin are like high volatility and speculative long time investment decorators often people feel a lot of scammers.

Some people realize that bitcoin investment price can drop down and it’s not everytime that  bitcoin investment will increase sometimes it might be decreased People who invest when the price is not high are the one enjoying it today.

[Versatile_choice]

Most people feel it to hard and complicated and completely complex and the tech part is very hard as well which I feel that can not be a better reason not to invest

Due to ignorance many see bitcoin investment as something complex . And funny how you don’t need to fully understand the tech part before investing in bitcoin , like I usually said once you grasp the basic  knowledge of bitcoin investment (how to buy , and how to store it safely ) you are good to go.

Tbh nothing is to complex when come to bitcoin , is matter of researching to acquire more knowledge on how it works and stuff , some find it hard or complex because they dont want to put in the work .

This is just a normal thing, if you're new to something you see everything very complex. It is just like my first time of being in this space, I couldn't find my way around this Crypto space but with time I start getting used to some certain things. So yeah bitcoin investment can be very complex for beginners since they don't know anything about it, but one of the major problem about most beginners is that when they see that bitcoin is complex they will just assume that they can't learn it and then decide to quit without knowing that it is very easy to understand if they bring their mind to learn.

[icebar]

well I also think some people are having such ideas that it's very hard and they feel Bitcoin sometimes has wide price swings and isn't well regulated and lacks protection for investors which mostly it too tricky to understand and has environmental concerns the main reason for not being keen in Bitcoin are like high volatility and speculative natural the vaule of Bitcoin can change a lot and without warning so many people find it hard to trust as a stable currency or a safe long term investment detractors often say it's worth is just a based on speculation.

It is very hard to get positive ideas from those who have lack of knowledge about Bitcoin. There are many investors who were initially opposed to Bitcoin, but today they have become big holders of Bitcoin. They have later been able to understand that Bitcoin is the best for investment. You have to gain knowledge about Bitcoin first, if you can gain knowledge, then you can understand what is good and what is bad on your own. It is only a matter of time that those who oppose Bitcoin without understanding will also show interest in Bitcoin later. Where the world's big businessmen and governments are trying to invest in Bitcoin with the utmost interest, it is not a problem if some people do not accept it, but they will definitely come back in the future.

[Grace333]

The answer is because not everybody is coated for the same thing, like you can expect every one to be interested in Bitcoin, some persons will, why other will not.
It is a normal thing of life, not every one accept and will adapt to a new innovations.. And also, the information out there abiut Bitcoin is not even helping at all, there’re lot of negative vibes and news towards Bitcoin out there, and that can also be a cause..

[Somto9Light]

The answer is because not everybody is coated for the same thing, like you can expect every one to be interested in Bitcoin, some persons will, why other will not.
It is a normal thing of life, not every one accept and will adapt to a new innovations.. And also, the information out there abiut Bitcoin is not even helping at all, there’re lot of negative vibes and news towards Bitcoin out there, and that can also be a cause..

Yeah, we all  have our own personal interest. I mean i might be interested to invest into bitcoin while the other might not be interested even though there's a clear evidence yet they would look for a reason to make it look like a scam or something that is not safe, that is just how interest work. That is the reason why I'm not surprised whenever I see people criticizing bitcoin, because i know they are just doing that to scare those who might want to teach them about Bitcoin investment. Not that they don't know about the good potential rather they are not just ready to take the risk.

[Fiasem20]

In addition Bitcoin has come to stay for good

I love this phrase of yours,indeed bitcoin has come to stay.All enthusiasts are expected to have this hope in the longevity of bitcoin’s existence.Everyone has their own personal reason why they’re are not interested in bitcoin investment.One major reason I’ve known so far is lack of trust,not everyone are interested in digital assets and most people have been scammed and the phobia on stuff related to online currency is still there,until that phobia dies off they won’t be interested on any online investment not even bitcoin.Then while most people are interested in get rich quickly and bitcoin serves the opposite in essence it isn’t a get quick rich investment.

[Out of mind]

In my opinion, those who are currently in the present, especially this generation, are looking for different schemes to earn money in different ways on online platforms. Also, if they can get a good idea about Bitcoin, then they are definitely interested in investing in Bitcoin, in my opinion, some people who are very interested in investing in Bitcoin. However, those who are in the older generation are not interested in investing in Bitcoin, they do not have much confidence about Bitcoin, due to which they do not want to spend much time here.
However, people of the current generation have enough knowledge and experience about digital currencies, due to which they are very interested in investing in Bitcoin. Already, we can see that big companies in the world are investing in Bitcoin, as well as the demand for Bitcoin is increasing and its popularity is also increasing. People of the current generation and future generations will be more interested in investing in Bitcoin when the price of Bitcoin skyrockets. However, if Altcoins are invested, it will not be profitable at all, rather investing in Bitcoin is the best medium. Bitcoin will become more valuable in the future at the current level, and as an independent currency, Bitcoin helps an investor improve financially.

[Judith87403]

A lot of people delay to make investment in Bitcoin and it is for reasons that is understandable. BTC price may sharply swing without any prior warning, making it to feel unstable and highly speculative. The technology that is behind it equally looks complex, forcing people away before they attempt to understand it. On top of that, steady scams and schemes that fails has build fear, causing some to group Bitcoin wrongly with meme coins or previous frauds such as MMM. Regulation concerns, protection of investor, and environmental impact definitely add to the doubt. Yet, to  dismiss Bitcoin totally misses the larger picture. Undermining the volatility and misunderstanding, Bitcoin still prove resilient with time, achieved international adoption, and keep on shaping the future of finance. It isn't any more a passing experiment but an innovation that is lasting.

[Mpamaegbu]

The answer is because not everybody is coated for the same thing, like you can expect every one to be interested in Bitcoin, some persons will, why other will not.
It is a normal thing of life, not every one accept and will adapt to a new innovations...

Na dis particular comment I don dey find here, since almost like persin wey still dey find Maduro for Venezuela today. Na gbagam ur comment be. E pain me sey betta water nor too dey my fridge to take sama u well well.

Awa people, or generally people of d world, supposed understand sey everybodi nor go fit like d same thing. In economics, dem dey call am monotony of interest. Na dem still talk sey, monotony kills interest. So, we nor supposed to dey make am look like na issue if people nor invest into Bitcoin. Everybodi nor supposed be trader, d same way nor be everybodi go like work for bank or teach or work for hospital or oil company. Na so life be.

[AGogi2003]

The answer is because not everybody is coated for the same thing, like you can expect every one to be interested in Bitcoin, some persons will, why other will not.
It is a normal thing of life, not every one accept and will adapt to a new innovations.. And also, the information out there abiut Bitcoin is not even helping at all, there’re lot of negative vibes and news towards Bitcoin out there, and that can also be a cause..

That is just the fact, not everyone can be interested to invest in bitcoin even you convince them to invest they won't because they don't like it and nothing will make them invest in bitcoin and get profit. We should always know that not everyone can do what you're doing we're all different in the life so some will think if they invest what you're doing he won't work for them that is there beleave and sometimes people have hear different rumors about bitcoin and they don't have time to make a research they always beleave what people says about it. So by convince them to invest is just like you're just wasting your time with them because know matter what you told them they won't do it because no interest and anytime that you don't have interest of you will never get beleave that he will work for you.

[Cryptomultiplier]

The answer is because not everybody is coated for the same thing, like you can expect every one to be interested in Bitcoin, some persons will, why other will not.
It is a normal thing of life, not every one accept and will adapt to a new innovations.. And also, the information out there abiut Bitcoin is not even helping at all, there’re lot of negative vibes and news towards Bitcoin out there, and that can also be a cause..

That is just the fact, not everyone can be interested to invest in bitcoin even you convince them to invest they won't because they don't like it and nothing will make them invest in bitcoin and get profit. We should always know that not everyone can do what you're doing we're all different in the life so some will think if they invest what you're doing he won't work for them that is there beleave and sometimes people have hear different rumors about bitcoin and they don't have time to make a research they always beleave what people says about it. So by convince them to invest is just like you're just wasting your time with them because know matter what you told them they won't do it because no interest and anytime that you don't have interest of you will never get beleave that he will work for you.

People have to understand what they need Bitcoin investment for, as in development of interest and then start asking questions with some personal research, before they are fully convinced to invest in Bitcoin.

That's one of the reasons why it is important to have great friends and collaborate with colleagues who have vast IQ and aren't scared or shy or stingy with the knowledge they have.
An interesting conversation on the subject of cryptocurrency mostly as concerns the long standing statement that Bitcoin has made over the years despite the dips and rise in price and halving, and upgraded initiatives, can spark alot of curiosity in an adernt listener who was thinking of a better financial investment option, secretly.

[Bishop Victor]

Most people feel it to hard and complicated and completely complex and the tech part is very hard as well which I feel that can not be a better reason not to invest

Due to ignorance many see bitcoin investment as something complex . And funny how you don’t need to fully understand the tech part before investing in bitcoin , like I usually said once you grasp the basic  knowledge of bitcoin investment (how to buy , and how to store it safely ) you are good to go.

Tbh nothing is to complex when come to bitcoin , is matter of researching to acquire more knowledge on how it works and stuff , some find it hard or complex because they dont want to put in the work .

Many people think Bitcoin investment is too complicated because they don’t understand it well. But in reality, you don’t need to know all the technical details

[Baki202]

The answer is because not everybody is coated for the same thing, like you can expect every one to be interested in Bitcoin, some persons will, why other will not.
It is a normal thing of life, not every one accept and will adapt to a new innovations.. And also, the information out there abiut Bitcoin is not even helping at all, there’re lot of negative vibes and news towards Bitcoin out there, and that can also be a cause..

Yeah, we all  have our own personal interest. I mean i might be interested to invest into bitcoin while the other might not be interested even though there's a clear evidence yet they would look for a reason to make it look like a scam or something that is not safe, that is just how interest work. That is the reason why I'm not surprised whenever I see people criticizing bitcoin, because i know they are just doing that to scare those who might want to teach them about Bitcoin investment. Not that they don't know about the good potential rather they are not just ready to take the risk.

this intrest of a thing na everybody go choose the thing them self because you no fit force anybody make them no do waiting them want because from the beginning nobody be small pikin and they know exactly waiting to do, and no be today they done hear about bitcoin even if they no get the knowledge they suppose know some things about bitcoin and the thing take some time before people start they accept am and for this our side they go tell you say na scam and another thing be say plenty done lose opportunity of buying just because say people no discourage them from buying and one thing they no understand say every business, nothing they fear them pass that risk of say they go lose there money and na one thing be that, na because they no get the right information.

[Hustle2025]

Well i think people not showing interest in bitcoin investment could result from so many reasons. Taking a critical look at people's individual interests,  experiences,  thinking, understanding,  goal and targets, it is clearly understood that people are attracted or pushed away from a particular thing based on some easons. From analysis and critical findings,  some people shoe lack of interest in bitcoin investment due to some of the following reasons.

1. Lack of knowledge; most persons do not show interest in bitcoin investment because they do not have required and necessary knowledge or awareness about bitcoin investment.
2. Some people think bitcoin investment is a scam; some people are awear about  bitcoin investment, but they have the wrong knowledge and information about bitcoin investment.
3. Some people think bitcoin investment is a ponzy scheme; most people that have heard about bitcoin investment thinks is get rich quick.
4. Some people do not show interest in bitcoin investment due to third party experience.

[Skydrill]

The number one reason wey make many people no get interest for Bitcoin na lack of understanding, dem no get knowledge about a lot of things wey concern Bitcoin and if you take your time to educate dem you go surprise say dem go put interest.

Make I mention some of di reasons wey make many people no get Interest for Bitcoin.

Trust : Based on di level of scams wey de online, many people no trust anything wey be online investment, dem de see most of dem as Ponzi schemes.

A lol if scam crypto projects : Mechanics no let us know who be mad people again meaning say di name "cryptocurrency" de make some people to classify all di scams and genuine coins as cryptocurrency. Remember some of our celebrities and foreign celebrities wey dem take dem name float crypto tokens wey later scam many people people, if those people hear cryp! dem don run before dem hear di remaining tocurrency. People need to know di difference between Bitcoin and altcoins.

Quick returns : Some wey hear and understand about di profit wey de for Bitcoin investment no get di patience to de buy and hodl for many years before dem go get sure profit. Bitcoin na volatile asset so no be something wey de guarantee you quick profit on di short term.

Technicality : Some people think say dem supposed to understand Bitcoin technical aspects before dem go enter di investment, if dem hear di technology wey de inside Bitcoin matter dem go prefer to do investment wey dem go pay and de get ROI without any technical knowledge.

Self custody : Not you keys not your coins, no be everybody fit to manage to keep dem private keys safe because na di keys be di access to dem coins through dem wallets to dem Bitcoin for Blockchain. Although alternative de like to hold dem coins through exchanges but na di exchanges hold di keys to dem coins' which is not very safe.

Bitcoin no de complex as some people de reason am, dem no know say dem no need to get all di information before dem go start, dem fit to understand basic knowledge about wallet security and where to buy from and gradually dem go de increase dem knowledge.

People avoid Bitcoin because of fear, scams, impatience, and misunderstanding. With proper education and basic knowledge, many of these fears disappear.
Many people are not interested in Bitcoin mainly because they don’t understand it. Once people learn about it properly, many of them will actually become interested.

That makes it for us to lecture the people we know about Bitcoin, let them have knowledge first, and it will be left for them to decide on their own whether they will invest in Bitcoin or not, knowing about its volatile nature and the risk involved.

People having the right knowledge of Bitcoin actually helps in their accumulation of Bitcoin, how they should be patient, DCA and hodl through the long term plan they had in mind. They can't do all that, if they are not lecture about how they can go about their  Bitcoin investment journey.

Actually I agree with you say lack of understanding nai be the main reason why many people hardly want engage Bitcoin but apart from that one e get on vital reason why so many people especially young people no dey interested in Bitcoin and that thing na the fact say Bitcoin no dey pay fast like the way Dem go like, me and you know our brothers nowadays too dey like fast money and Dem no get the patience to wait for bitcoin and nai be the reason why many of Dem dey like all this fraudulent stuffs like yahoo so that Dem fit cash out fast, actually laziness and impatient na one the reason why many people no want enter Bitcoin.

[Bishop Victor]

I understand why many people feel this way about Bitcoin, and those concerns are not entirely wrong. Bitcoin is volatile, the price can move sharply without warning, and it is still not regulated the same way traditional financial markets are. That naturally makes people cautious, especially those looking for stability.