Quote from: Natsuu on Today at 11:25:29 AM

Quote from: ultrloa on February 02, 2021, 09:49:21 AM

Quote from: virasisog on February 02, 2021, 06:53:58 AM

Quote from: Samayuki on February 01, 2021, 04:52:28 PM

Quote from: kiki889988 on February 01, 2021, 08:31:20 AM

For Africa, Bitcoin is not just a speculative asset. Africans choose Bitcoin because they want to bypass traditional systems that are only open to a few people. For example, remittance is one of the areas where Bitcoin is most commonly used in Africa, because remittance fees in this region are the highest in the world. Africans who send money back home from abroad are charged an average of 10% of the total remittance as a handling fee, which is twice the charge in South Asia.

Mate I'm from Africa and people around me that are into crypto choose crypto to make money, they have no problem with traditional system at all, infact when they get some good ROI they have to convert to fiat, straight to the bank, Africans are into crypto to escape poverty for real

Same here in the Phillipines, however, not all poor people have access to cryptocurrency and not everyone is tech-savvy. Bitcoin allowed people to get involved in trading and be a retail investor, but the risk is high and it is not guaranteed money. The opportunity to earn could be enticing but the risk can also be futile. As time passes people who are getting involved in crypto is growing, the numbers of people adapting increases. Cryptocurrency provided additional opportunities to people to earn and be involved in other projects.

Not all have access it's because it has lack of education on what is bitcoin and how they can use it, also the additional factor which can make people dismay about that is those scams where many get affected and so they are feel like they will get scam to if they will try this type of investment. But it's good thing bitcoin get a good adoption right now since by that it can lessen the doubts of people to try this one and also they might get a good insights with the people who try this and earn a fortune by using bitcoin.

Fear to lose is the most common factor on why people don't engage crypto. As soon as they hear the words "VOLALITY", most of them gives up already and chose just to save what they've had instead of investing it.

They are not risk-taker because they have family to support and they don't have the funds to look for alternative if they lose what they invest so the fear is understandable and should not be shamed upon.

Being afraid of volatility is not surprising especially with those newbies who avoid crypto for these reasons but once they know how to trade even the basic I'm sure they will try to put some capital on their first trades.

It's just for now those risk takers doesn't know on when to start maybe they are lacking of knowledge since it's new to them that's why sometimes motivation plays a big role to encourage people, I'm sure almost all of us is skeptical about this at first.