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

[Progress101]

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

Unfortunately everything is hard until you dedicate time to learn it, then it becomes an everyday practice, alot of person who will complain about the difficulty level just havent spent time and patience to understand Bitcoin. This is just like what i wanted to learn coding, i was first afraid because of the colors and synax that VS Code was showing me, after dedicating time and effort, now i can code very well.

Now understanding Bitcoin and then investing in Bitcoinn are two different conversations, a person can perhaps understand the benefits Bitcoin has to offer and still decide not to invest for one or two reason maybe financial reasons as well

[Donk1]

Like basically the understanding of bitcoin isn't hard but before you start you accumulation journey you must first be willing to accumulate knowledge of how the technology works to your very understanding. While it might not be easy to build ones psychology that aspect can only be built through experience of the market. But then to me I like to believe that folks just do not have the courage to invest most of them keep procrastinating, some aren't willing to take the risk, some believe that anything online which involves you investing your money is a scam. Like basically with our Nigeria economy and no work folk's who get paid 12 times in 365 days especially low salary earner even if they have the chance to they wouldn't because they fill it's too confusing and it would take their time...

Well I fill folks has their reasons why dey don't want a to invest, but one thing is for sure if you aren't willing to take that one big step in life,then you wouldn't be able to reach your goal as a successful individual....

[Mr Reporter]

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 .

Yes I guess such things happen to be when I was much a newbie in the bitcoin world well before I join I feel that you need to understand the tech part of bitcoin before investing in it until I understand what it means to invest in bitcoin apart from tech part well please the part of tech is much needed to….but I feel there is what we all should the before investing your time in tech part of bitcoin you shoukd at least have some bitcoin to hodl for future use to..

[Salahmu]

Yes I guess such things happen to be when I was much a newbie in the bitcoin world well before I join I feel that you need to understand the tech part of bitcoin before investing in it until I understand what it means to invest in bitcoin apart from tech part well please the part of tech is much needed to….but I feel there is what we all should the before investing your time in tech part of bitcoin you shoukd at least have some bitcoin to hodl for future use to..

You can learn tech even if there is no Bitcoin there on your wallet yet, tech and investment are not the same thing, there were people who became good in tech before buying Bitcoin so it doesn't matter which one to come first but what is important is what you want. However it was the knowledge you didn't have that made you think you need tech before you would no how to do an investment, there are still people seeing Bitcoin as something way trickier and more mentor guiding before they can buy but in reality the mentor can come in but not actually for mindset technical knowledge of Bitcoin.

[Sonia_123]

They think about bitcoin investment like that because of what they have passed through in the hands of those scammers like you said "MMM" and after trying to recover from it another one came which is BARAZA", they felt what the experienced in "MMM" will not happen and before they know it they were scammed which caused them a major set back in their life, making it difficlult for them to trust any other online investment that comes their way, it will take a very hard time to convince those set of persons again and hearing the the instability of the price which the dip can last a bit longer just like what we have being experiencing few months ago before trying to bounce back, they see this as a reason for not wanting to accept Bitcoin.

[rachael9385]

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

Misinformation and lack of knowledge are the reasons why a lot of people show no interest in bitcoin investment and even the ones thst ate still at the beginning stage of acquiring knowledge end up getting their informations from wrong sources which makes them lose interest in it because they start seeing bitcoin as a scam. Anyone worried about the complexities should learn about it from platforms that can simplify it and bitcointalk is one of those platforms

[fredericktaylor]

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

Misinformation and lack of knowledge are the reasons why a lot of people show no interest in bitcoin investment and even the ones thst ate still at the beginning stage of acquiring knowledge end up getting their informations from wrong sources which makes them lose interest in it because they start seeing bitcoin as a scam. Anyone worried about the complexities should learn about it from platforms that can simplify it and bitcointalk is one of those platforms

It is true that people start investing in Bitcoin by collecting wrong information and cannot manage the investment for a long time because they did not have the right knowledge. And when an investor starts investing without acquiring the right knowledge, as a result, there is no continuity in the investment, and when there is no continuity in the investment, the investor is not able to manage the investment properly for a long time, everything gets destroyed in the middle, as a result, the investor faces losses and loses confidence. Even if the investment looks good at the beginning, it is gradually see as a fraud. This mainly happens due to the lack of proper knowledge or information. Many people think that investing in Bitcoin can make money quickly, an easy way to make money. So without acquiring the right knowledge, hoping for quick profit, they start investing quickly without understanding anything and as a result, they face loss of all their money, due to which the investor is afraid to buy Bitcoin.

[icebar]

If someone tries to invest in Bitcoin without gaining knowledge, then he will be harmed. Because if he does not have sufficient knowledge, he may panic at the temporary price drop, no matter what the price is, he will try to withdraw from his investment. If someone gains basic knowledge about Bitcoin and takes a decision after reviewing its price in previous years, current and future, then Bitcoin investment will definitely be something special for him.

There are many investors who are interested in investing in Bitcoin in the short term. They are encouraged to invest themselves by seeing the profits of others. Such investors are harmed because they are guided in the wrong direction without receiving any education. Later, they spread rumors about investing in Bitcoin as a wrong decision. However, if they had gained knowledge and invested properly, there was no possibility of such a loss by them.

[Nuel0717]

Most of the resistance against Bitcoin and its investments today isn’t based on facts, but on agnosophobia, the fear of the unknown. Bitcoin investment isn’t something someone with little or no knowledge would just venture into, but at least they can start by learning the basics.

This fear of the unknown keeps them from trusting Bitcoin at all. You can see this same pattern in different aspects of life, people often criticize what they don’t understand instead of taking time to learn about it. And that’s exactly what’s happening here.

So my point remains that one major reason people show little interest in Bitcoin investments is simply because they’re afraid of what they don’t understand yet.

[Joeboy]

* 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,

They are the ones complicating things for themselves. This is coz, you don't need to be a Bitcoin technical expert before buying your first Bitcoin...You only buy need some basic knowledge. And this knowledge are so basic that even a dullard can grasp it... Part of the basic knowledge include knowing about discretionary income and it's valuability to Bitcoin's investment, another is knowledge of Bitcoin's volatility, another is knowing where to buy and wallets are best to store your Bitcoin etc.....Delay is simply denial, and as such folks should stop wasting their time giving unnecessary reasons why they cannot invest in Bitcoin...Once their discretionary income is available they can start purchasing Bitcoin little by little, based on their purchasing power...

[Zigabel]

We can go on and on with the list of reasons why some people do not find it okay enough  to go into Bitcoin, the list can go on endless butt then it still does not take away the fact that people are still making money from it and they are still making good profits from it, so even if there are some out there with their reasons, it still does not take away the point that it is still a good venture, profitable to a lot of persons.  Bitcoin will continue to grow and it will only be better to try to get the best knowledge and cease every opportunity you get with it.

[Odusko]

The number one problem of Nigerian with Bitcoin and cryptocurrency is that, their have misinformation and stereotype about Bitcoin and some of them that have ever hard anything investment to do online they call it Bitcoin, not knowing to most of them that they just invested in ponzi scheme at that time, this incident left a bitter taste in they mouth and now the call Bitcoin itself a scam without knowing the truth.

[Mr Reporter]

Yes I guess such things happen to be when I was much a newbie in the bitcoin world well before I join I feel that you need to understand the tech part of bitcoin before investing in it until I understand what it means to invest in bitcoin apart from tech part well please the part of tech is much needed to….but I feel there is what we all should the before investing your time in tech part of bitcoin you shoukd at least have some bitcoin to hodl for future use to..

You can learn tech even if there is no Bitcoin there on your wallet yet, tech and investment are not the same thing, there were people who became good in tech before buying Bitcoin so it doesn't matter which one to come first but what is important is what you want. However it was the knowledge you didn't have that made you think you need tech before you would no how to do an investment, there are still people seeing Bitcoin as something way trickier and more mentor guiding before they can buy but in reality the mentor can come in but not actually for mindset technical knowledge of Bitcoin.

Truer words you have sir about honesty speaking the Tech skills
investment skills, they're different beasts. You can dive into tech without needing Bitcoin in your wallet plots of folks built tech skills before getting into crypto Learn tech invest  need Bitcoin first. Thinking you need one for the other can hold you back,Not as tricky as some make it; mentors help with mindset, not just tech.

[Josefjix]

The number one problem of Nigerian with Bitcoin and cryptocurrency is that, their have misinformation and stereotype about Bitcoin and some of them that have ever hard anything investment to do online they call it Bitcoin, not knowing to most of them that they just invested in ponzi scheme at that time, this incident left a bitter taste in they mouth and now the call Bitcoin itself a scam without knowing the truth.

You can't blame them and don't ever seems to think they are ignorant too, they just lack the right mindset and the Information cryptocurrency carries, I also encountered similar challenges but what kept me going was that I kept researching and knowing more about Bitcoin space. It wasn't easy and I must say, it's a journey for the strong

[Derekfunds]

The number one problem of Nigerian with Bitcoin and cryptocurrency is that, their have misinformation and stereotype about Bitcoin and some of them that have ever hard anything investment to do online they call it Bitcoin, not knowing to most of them that they just invested in ponzi scheme at that time, this incident left a bitter taste in they mouth and now the call Bitcoin itself a scam without knowing the truth.

Yes, that is a major problem the inability for some folks to differentiate between Bitcoin and cryptocurrency and I can remember when I was starting my journey in crypto space, back then I don't know the difference between Bitcoin and some other coins in wallet and in exchange but the mistake I didn't make was to invest because initially they have told me crypto is risky and I can lose my money if I'm not careful so that was why I didn't rush to put money anywhere until I later gain a little knowledge and from there I began to know and understand the difference between Bitcoin and other coins and I have seen it my eyes that Bitcoin is very different and it can be very beneficial if we hold it for long term.

[Uhwuchukwu53]

Orientation problem which is not far from ignorant, some hearing of Bitcoin and the price felt discouraged as they can't afford such in acquiring one BTC but they don't know that Bitcoin can be purchased in fractions depending on what strategy the investor deem it fit to, not withstanding the issue of regular accumulating of Bitcoin fraction can actually gives an investor a huge amount of Bitcoin but some fell all this can be once discouraging their investment zeal as resulted by ignorance.

[Floczy]

Lack of knowledge and lack of finance is the only two reason why someone will be aware of Bitcoin investment and not have interest in it.

We have people with high interest to invest in bitcoin, with no finance to kick start their investment. Many people too have the finance, but lack knowledge, limiting them to go into something they don't know much about.

I will be surprised if anyone have both bitcoin knowledge and capital, and still choose not to invest in bitcoin.