Quote from: Mayor of ogba on Today at 05:28:09 PM

Quote from: uche6215 on October 30, 2024, 10:02:10 PM

Many people till today is of the opinion that crypto is scam that is why they run away from it when crypto currencies like Bitcoin is mentioned. The question that normally comes to my mind is if the person is exposed to the crypto market and has this person been educated and gotten sufficient information about the crypto market.

I have come to see that many people who are into crypto currencies investment like Bitcoin has no sufficient knowledge about crypto currencies and so they invest in the false information that was given to them by others and if they don't get return back on investment maybe due to the volatile nature of crypto currencies they become afraid of crypto currencies like Bitcoin. There's need to educate people about crypto currency before they do any investment on it.
What is your view on this topic let share our thoughts so we can learn new information about crypto currencies here.

As long as bitcoin is concerned, you don't really need to gain a lot of knowledge before you can start your investment in bitcoin. What you just need to gain is a basic knowledge of bitcoin, and you are good to go. And since bitcoin is not a quick way to get rich soon, what you really need to know is about your finances to figure out whether you will have discretionary income that will allow you to invest in bitcoin without using the money that is meant to solve your daily expenses, which will allow you to hold your bitcoin for a long time. The only time you will need good knowledge is when you are investing in shitcoins or altcoins because there are a lot of shitcoins and altcoins that are built on hype and no use case, so you need to be very well grounded to be able to detect the shitcoin or altcoin that will do well, which is even difficult to learn.

Surely, investment in shitcoins may come to zero if a newbie investor fails to understand the kind of coins they are getting and how volatile their market is.
Bitcoin investment is pretty easy to study up on individually, so any person we may find with interest in Bitcoin should be shown this Bitcoin community and be directed to other articles and videos on social media too.

The massive success Bitcoin has made among other close performing coins, paved the way for the new users as well as old bitcoin users to believe in the idea of cryptocurrency, the decentralized system and other ground breaking newer innovations in Ai bots and intergrations that has been much adopted lately.