Plenty people no won take any risk in the Bitcoin investment because them think say Bitcoin no get any risk inside as them talk say na decentralized nature of Bitcoin so anything goes.
My risk tolerance is the ability to wait for as long as it will take me to build my Bitcoin invest intill it will yeild tangible amount of profit .
This is exactly what many people are afraid to join the team of Bitcoin investment.
That’s not the only reason why most people aren’t interested in bitcoin investment.Though the long term holding is also among the other reasons why most people especially the youths are giving zero interest in bitcoin investment,the truth is bitcoin is not going to guarantee you a quick profit overnight because it’s not a get quick rich investment so for you to reap a decent profit you have to be patient.And to rap it up,most people have termed bitcoin with a wrong perspective that it was only designed for the rich,this ideology of bitcoin is only for the rich has kept most people behind even when they’re financially stable to invest in bitcoin.It’s is often said that “no risk no reward” the rich are always fond of risking things that’s why they keep earning the rewards.
You are right, and the few ones who get interest about bitcoin still think of trading rather than investing in it. In the country we live today, a lot of people are really thinking About how to make quick money, how to beat the economy and survive. When you look at Nigeria today, I would tell you that the numbers of traders is far better than the numbers of people investing in bitcoin.
So for anyone who is having the mindset of making quick money in bitcoin, it wrong and it would rather lead you to lose the little you have. So It just best to think of investing for the future, rather than trading the little you have now.
