Post
Topic
Board Nigeria (Naija)
Re: Do Not Pressure Anyone Around You To Invest In Bitcoin.
by
iBaba
on 21/08/2024, 11:52:33 UTC
I have seen many people introduce Bitcoin to some of their friends and family but in the end, it ends up with a misunderstanding when the Bitcoin price goes down and the people see it like they have been scammed, it is very risky to introduce someone who doesn’t understand anything about cryptocurrency, we have to be careful with those who we are trying to help to introduce to Bitcoin.

Starting bitcoin investment generally is a gradual and intentional process. Many young people like our friends who are introduced to bitcoin have a mindset from which they view these cryptocurrencies especially bitcoin since most of them see it as a get-rich-quick platforms that they invest some little amount of money and take out humungos profits as a result but the truth is that's not the case.

They also need to be aware of the volatility of the market which contributes largely to the rise and fall or the uptrend and downtrend of the market. This is also what makes bitcoin different from the stable coins like USDT and the fiat currencies. So as much as they expect to make significant profits within a short time, they should have also have it in mind that they're likely to fail too. Unfortunately, many don't look through that side of the lense.