My cousin who in time i asked to investment on bitcoin but has always had excuses that he'll invest later, sometimes he tells me that he's afraid to invest his money on the bitcoin due to the potential losses.
He had aslo told me that he's contented with his monthly salaries at then but now he has fall back to me that he's ready to invest because he has lost his job and it's becoming tough for him to meet up with his financial requirements.
He thinks bitcoin is a ponzi scheme that Is why he is so contented with his income and do not want to risk buying bitcoin because he doesn't believe in bitcoin. Him having this mindset about bitcoin, it is all good that he never forced himself to invest in bitcoin. The mistake he made was he never give a try to seek for more understanding, he was so comfortable with just the income that was coming.
This has someone living a luxurious life without undermining that his job is just temporarynand economy inflations could affect his savings.
Then I reminded him that the bitcoin investment isn't a get quick rich and for an individual who has bills and financial needs to respond to as responsibility, you must have an alternative source of income by which your bitcoin investment can only be fertilexbti yield profits when you invested and doesn't panic it to grow else he may end up selling his bitcoin at lost having me to be blamed.
He just misunderstand bitcoin and their is need for him to get the right information of bitcoin, to know bitcoin is not a free money that people earn when they are jobless or investing in Bitcoin does not make people to become rich quick. You need to make him understand that what he needs right now is not bitcoin but a job which he can gain steady source of income. If people who depend on bitcoin to make them rich can be serious to think of how they can have steady source of income it will really help to gain more financial strength.