Don't be afraid of investing in Bitcoin.

[Olotu20]

Fear is one thing that has been a very big hindrance from time immemorial, allot of people has regretted because they have missed out on life changing opportunities simply due to fear.When ever someone mentions fear of losing money for the reason for not investing in Bitcoin, I just know that such a person is not yet ready. Why fear a system that is built and works as a decentralized system, something that is not controlled by individuals or even institutions, Bitcoin is one thing that is trustworthy because it has consistently shown that when followed the right investment methods it will give rewards and add value to your money.

Even with the reality on ground especially in Nigeria were Bitcoin has not just been a system of payment but has transcended beyond payment but, is today a source of livelihood to many Nigerian there are people who are still afraid. This is an advice to newbies on the forum and even intending members who wants to fully commit to Bitcoin not to lose hope or be scared because one of the most challenging part of Bitcoin investment is when you decide to start investing. There will be allot of discouragement which will come from both family and friends but your ability to remove fear from your mind taking the bold step is what is going to make the difference.

[hmbdofficial]

If there is anything I should be scared of investing in, it would definitely not be bitcoin I sometimes even do not want to agree that bitcoin investment is risky at all. although I have my reasons, Yes we all know that bitcoin price is volatile so price aren’t stable or fixed. overtime the price keep changing without announcement although the price are mostly moved by big investors like some institutions and big investors who hold large amounts of bitcoin.

Why do I say I’ll not be scared at all? This is just because I’m not interested in the trading of the bitcoin so that minimises my risk. It is those trading that may be exposed to high risk because  of it volatility, but if you’re the type that buy hold for along time and sell  you’ll just be sleeping over the years and in less than a decade you’ll be getting very high ROI. must especially if you use the DCA strategy in accumulating your bitcoin you will definitely not be worried about the daily price actions you must have acquired a lot  when the price was way lesser in that case you’ll not feel the effect of the price.

[TokenTikas]

The main message you are trying to pass across in your post is very important and you explained well how to overcome the fear of investing in bitcoin. It is true that fear can sometimes make us miss big opportunities. This same fear has stopped both you and me from starting something new at some point and later it made us feel regret. However, with time, we have been able to gradually overcome this fear and move forward into investment journey and we are still continuing this.

Fear shouldn't always be seen as something bad because it can also make us more careful in many situations. So rather than seeing fear as a major problem in daily activity, it is better to learn how to manage it through careful thinking. We believe that right information, patience and great plan, fear will not stand as a barrier but can serve as a guide to help us move in the right direction every where and every moment.

[Donk1]

Well to me it's not compulsory to say they aren't ready. If you look at the current state of Nigeria, many folks have already given up in anything concerning making money in the internet folks now believe they are all scams. I won't blame them because even the psychology needed to hold as a Bitcoin enthusiast is very demanding.

​In most cases folks do not know how the technology works so yeah in a general perspective, something you know nothing of you eventually have doubts about it. But then they say, if you don't make use of something, you wouldn't know how it works and that is a risk not every individual is willing to bet their funds on...

​Overall I will generally say this as a crypto enthusiast: investing is a choice Everyone has their reasons why they haven't invested yet. But that's for folks who are just scared to get involved. For those who are already involved or who are new here willing to take the step to invest just know it's never too late to start investing. Basically as time goes on you will gain more experience from your investments. So yeah that's all for me.....

[yixichloro2xx]

We are humans, it's a normal thing to be afraid especially when you are just starting your Bitcoin investments. It works in both good and bad way. Sometimes it helps people avoid rushing into something they don’t fully understand or it can make someone lose opportunities to buy Bitcoin. Bitcoin is not stable, it's very volatile and not risk free,  so having basic understanding about it before you invest is very good. That basic understanding will increase your confidence and conviction in Bitcoin. When Bitcoin first came out , a lot of people didn't want to put their money into it, but fast word to now alot of people are surviving through it. Someone needs to plan properly, by using money they can afford to lose, and also being patient.

[Marvelockg]

Fear is one thing that has been a very big hindrance from time immemorial, allot of people has regretted because they have missed out on life changing opportunities simply due to fear.When ever someone mentions fear of losing money for the reason for not investing in Bitcoin, I just know that such a person is not yet ready. .

I think the issue is that most of the potential investors that didn't invest because of what looks like fear falls in that category because they are not good risk takers. There are people that are afraid of taking risk and allow it to pass them over and over again and in the long run, regret is the eventual end of such a one.

Of cause, with scarcity of resource comes the need to be meticulous with your expenses and be sure you're putting your resource into a profitable course and because most persons are afraid of throwing their funds into a htw they are yet to fully understand, some struggle to easily get started in bitcoin investment.

[Curious T]

Anyone who lets their fear not invest in Bitcoin does not really understand Bitcoin. So they need to go back to the basics and understand what Bitcoin is. Anyone who understands Bitcoin would not let their fear stop them from buying Bitcoin. It's normal to have fear, because there is a chance you would lose your money, but the chance is low, and it's worth it.

[Yablee0]

It is those trading that may be exposed to high risk because  of it volatility, but if you’re the type that buy hold for along time and sell  you’ll just be sleeping over the years and in less than a decade you’ll be getting very high ROI.

You're correct, it's only traders that are more skeptical or concerned on market volatility, if you're a long term investor you have absolutely nothing to worry about volatility, all you need is just to stay consistent in your accumulations, potrate a strong holding mindset and things we automatically fall in place.

 In other hands, fear is like a stumbling block to success in life, if you can overcome fear in life you have automatically overcome half of your problems, and also that simply act of yours can bring you more closer to your success.  Furthermore, am not trying to make it look more spicy or too real to be true but that's is the undiluted fact, Bitcoin is the most reliable asset ever, those that has given it a trial in the past and now can attest to it. Therefore, if you are among those that gives fear as an excuse for not doing the needful (investing) then you are actually not being fair to your self Because Bitcoin investment has gone beyond that perception lately, all you need at this point is to start investing because the more you keep procrastinating the more you keep losing life time opportunity.

[Futurexxx]

We are humans, it's a normal thing to be afraid especially when you are just starting your Bitcoin investments. It works in both good and bad way. Sometimes it helps people avoid rushing into something they don’t fully understand or it can make someone lose opportunities to buy Bitcoin. Bitcoin is not stable, it's very volatile and not risk free,  so having basic understanding about it before you invest is very good. That basic understanding will increase your confidence and conviction in Bitcoin. When Bitcoin first came out , a lot of people didn't want to put their money into it, but fast word to now alot of people are surviving through it. Someone needs to plan properly, by using money they can afford to lose, and also being patient.

Wetin you talk here make sense scatter, because we as humans get that symptoms of fear in us wey dy help us sometimes, and e dy also limit us some times, but one thing wey I know say dy very good is that, doing your own research dy very important before engaging in any investment, not just in Bitcoin, because for you to succeed in any business or investment, you need to know the in and out of that particular thing you wan risk your money on, because if you no do am well, everything go spoil and you go definitely lose money, so in other not to fail, seeking knowledge about am na the best way to go, because e go really help you to calm your fear wey you get for wetin you wan invest in.

So in essence of wetin I dy try talk be say, fear na good thing, because e dy save us sometimes, but na also bad thing because e fit make us lose some valuable opportunity wey we surpose benefit us, that is why I think say doing research is the way forward, since e go clear your doubt if na good thing you wan invest in or not.

[ColdLava40]

Fear is one thing that has been a very big hindrance from time immemorial,

Fear is just a by product of losing.

It's either they have very little to sustain themselves and their needs and are scared about the outcome of Bitcoin, or they are generally scared of taking risk that would change their lifes.

It's normal for everyone to be scared, but the only way to conquer fear is to at least try. Don't say you can't when you haven't even seen how it works or looks like.

Some people still delay their investment not even because of fear but their beliefs. Some vauge story someone told someone that later got to their ears about Bitcoin or online investment being scam or risky, so they just stick to it and will never want to give it a try.

[Loyang]

Although investing in Bitcoin does not require much knowledge. But I would advise a new person to read about the Bitcoin network and how Bitcoin works and what is its current demand. Because when a person understands all these things, how reliable Bitcoin is and why Bitcoin was created. When a person is able to understand all these things, he will be able to build trust in Bitcoin and start investing. But yes, starting to invest is very necessary for a person, even after starting to invest, a person can invest and gain knowledge in parallel.

Investment methods never give certainty of your profit. Investment methods are a means of purchase through which we buy continuously. There is no certainty that you will profit by investing in Bitcoin, but yes, the possibility of profiting in long-term investment is much higher.

[Joy_learns_crypto]

Anyone who lets their fear not invest in Bitcoin does not really understand Bitcoin. So they need to go back to the basics and understand what Bitcoin is. Anyone who understands Bitcoin would not let their fear stop them from buying Bitcoin. It's normal to have fear, because there is a chance you would lose your money, but the chance is low, and it's worth it.

I concede to this, people fear to invest in bitcoin because they do not really understand bitcoin but if they are determined to invest they can search about bitcoin.
It’s the fear of the unknown, i will not expect someone who doesn’t have understanding about bitcoin to have robust confidence in investing.

[Zigabel]

Sometimes wen we dey talk about mata like dis, we go dey put am like say everybody dey on d same level of understanding, wetin OP dey try talk here sharp well well, but imagine say na person wey never know anything about Bitcoin or even we sef d time wey be say we start to dey put hand for d Bitcoin mata, small fear been dey our body, because dat time na new tin wey be say we never understand well, even some pipo go dey wonda say how dem wan use convert am to real money because na real money for hand naim we use grow up and na wetin we don dey use to. So to try make person wey grow up for dat kain settings to come just put bodi for Bitcoin say wey fear no catch am small, e no really dey. Na wit time d fear go follow comot for bodi.

By d time u understand d Bitcoin mata well, u sef no go fear put bodi once because for d beginning, d fear go make pipo wey just dey start go put small moni make dem use test am c if na legit matas. So wetin I dey try talk b say na small small, na stage, plenty pipo dey pass through am, dat initial fear go dey ur bodi but na small time e go comot when e be say Bitcoin don bless u. Any bodi wey dey fear for d beginning, no too reason em mata like say dem dey fall hands, na normal tin, e go later clear say dem go understand am wey be say no be u go tell dem again, na dem go use dia hand put bodi finish.

[Makus]

I think fear of investing in bitcoin comes from a place of ignorance and the reason I'm saying that is because they don't understand what the crypto market is all about and they project their experiences of how they got scammed by other things that they have been engaged in. some compare bitcoin investment to ponzi schemes and gambling that's why they are afraid of taking a step and starting up an investment. The fear of investing slowly fades away when you start acquiring knowledge and becoming more experienced, The main thing is all about getting started.

[Promocodeudo]

Let's be sincere, newbies I mean those that have no idea of what Bitcoin is might likely not be comfortable with Bitcoin investment because they are totally blank knowledge wise, they may not have the basic knowledge to start, but for any other category of investors, I don't think that entertaining fear is called for because to us there's nothing we haven't seen in Bitcoin, all that's happening now is not something new to us, some if someone like me is not investing in Bitcoin,nit means I don't want to not be necessarily fear.

One of the reason why some newbies get afraid is that they research much and go beyond what they need to know at their level, things like volatility and fluntuation of Bitcoin price, for old invetsors those are normal things for Bitcoin and we know that we can't change them, although it is not as though those are not important but some newbies might misunderstand it and get pissed as such abandone their plan.

[liasbaa]

Fear is a natural trait for new investors. In real life, your family will be in your favour when it comes to investing somewhere, but when they learn about decentralized assets, they will become your opponents. Those who are not aware of Bitcoin will express doubts, but in our country's context, Bitcoin is known to many and most investors prefer Bitcoin to improve their financial situation. Many people accumulate Bitcoin according to their financial capacity. Accumulate Bitcoin to protect fiat from inflation. Many investor accumulation Bitcoin regularly considering as a digital asset of the future.

[Cryptomultiplier]

Fear is a natural trait for new investors. In real life, your family will be in your favour when it comes to investing somewhere, but when they learn about decentralized assets, they will become your opponents. Those who are not aware of Bitcoin will express doubts, but in our country's context, Bitcoin is known to many and most investors prefer Bitcoin to improve their financial situation. Many people accumulate Bitcoin according to their financial capacity. Accumulate Bitcoin to protect fiat from inflation. Many investor accumulation Bitcoin regularly considering as a digital asset of the future.

One accepted fact is that Bitcoin acts as a hedge against the gradual loss of value of a currency over decades rather than as a hedge against rising cost in the short term basis.

One reason why it's a good advice to invest in Bitcoin from a good standpoint is, because its supply cannot be manipulated, but any investor willing to hold and accumulate for long term must be able to avoid the FUD or FOMO of market price movement in order to avoid selling off their holdings cheaply too early, instead of waiting for the long term returns.

Another way to look at Bitcoin investment as a Nigerian currently, is that it may just be an insurance policy against the banking system and its unnecessary taxing system and policies.

[B-BossMan]

Fear is one thing that has been a very big hindrance from time immemorial, allot of people has regretted because they have missed out on life changing opportunities simply due to fear.When ever someone mentions fear of losing money for the reason for not investing in Bitcoin, I just know that such a person is not yet ready. Why fear a system that is built and works as a decentralized system, something that is not controlled by individuals or even institutions, Bitcoin is one thing that is trustworthy because it has consistently shown that when followed the right investment methods it will give rewards and add value to your money.

Even with the reality on ground especially in Nigeria were Bitcoin has not just been a system of payment but has transcended beyond payment but, is today a source of livelihood to many Nigerian there are people who are still afraid. This is an advice to newbies on the forum and even intending members who wants to fully commit to Bitcoin not to lose hope or be scared because one of the most challenging part of Bitcoin investment is when you decide to start investing. There will be allot of discouragement which will come from both family and friends but your ability to remove fear from your mind taking the bold step is what is going to make the difference.

Op, you are right, fear has actually took many people backward from taking advantages and opportunities in Bitcoin investment space. Many newbies have investment phobia no doubts about that,and that will not going to help them at all, because the fear make people to be stuck and be doubting weather to invest or not, also be asking questions here and there, these are the kind of people that keep asking different people about the Bitcoin, and some folks gives a mixed of negative opinions that would discourage them from starting their bitcoin investment journey.

However, even if the bitcoin evolve risks, yes its, but the risk is worth taking when you approch it with one mindset and best strategy. Bitcoin investment isn't completely risks free,but allowing the faer to dominate your own decisions can actually cost you to miss opportunities, instead of panicking, newbies should focus learning the basic and understand more and start little by little. Moreover newbies should clearly made up thier mind to invest in bitcoin, even if it's with small amounts of money, and most importantly patience of holding it for long-term financial growth.

[Nathrixxx]

We should not be scared of Bitcoin investment, instead, we should only be more concerned about how we could take advantage of the opportunity to learn every necessary information about bitcoin network and also use it for our own advantage, when we failed to realize what is ahead of us, then we may not be able to maximize every opportunity it may comes along with the adoption, every one of those ones started as a newbie, then later will build up confidence and know better, in so doing, we can overcome our fear of missing out.

[Shadiq]

Bitcoin is decentralized, but that doesn't mean we shouldn't be afraid of Bitcoin. There are still many cryptos in the market that are decentralized. Are they as trustworthy as Bitcoin? Trust is not dependent on decentralization, but rather Bitcoin has to prove itself in many ways to gain trust. Advanced blockchain technology, maximum miners, privacy, and public ledger have gradually transformed Bitcoin into a trusted coin. Despite Bitcoin being decentralized, Bitcoin was not as trusted and popular as it is today from 2009 to 2017.

Just because Bitcoin is decentralized doesn't mean we shouldn't be afraid of Bitcoin or that Bitcoin is a trustworthy coin. Bitcoin can still be a source of fear or loss if you don't know how to use Bitcoin properly. Even without knowledge about Bitcoin, it is natural to be afraid of investing and ignore gaining knowledge. We should definitely embrace Bitcoin without fear, but we should not take Bitcoin for granted.