My country people good morning inside this morning, today e get thing wey I wan talk about wey we they always do wey no good for us, wey at the very end, we go start to feel regret due to say we encounter serious losses.
I wan ask, if no be misinformation, uninformation or greed, wetin one make an investor wether newbies or veterans to invest heavily on alt or shit coin? When Bitcoin still dey in the market?
I just dy reason this thing since last night because one of my guy just dy complain too me last night how him invest $500 on OBX when the price been dy $0.013 since July 2022, and up till this day, the value drop to $0.0000457, and it refused to climb back, I no even bother to ask am how much remain, but I just feel sorry for am, I only tell am say in this crypto space, make him no carry knowledge and greed play, say na lack of the right knowledge or greed nai put am inside this kind of mess in the first place, so I say make I ask my fellow brother's, apart from misinformed, uninformation or greed, wetin fit make person fuck up like this, when Bitcoin still dey?
You have mentioned the major things that can cause lead an individual investor to invest in those shitty stuffs as you mentioned them, greed is also one of the major thing that can cause this can decision but for newbies it may be as a result of either greed of lack knowledge and understanding of the entire crypto space, most newbies are not newbies per say, they are just newbies here not that they're totally daft in regards to Bitcoin and other cryptocurrency just that they are carried away by the hype given to the shitty coins by influencers but failing to understand that no matter what it is, it can only be Bitcoin, Bitcoin has proven to be trusted in many aspects, as a bitcoiners your Bitcoin can depreciate and rises once the price appreciate but those shitty things can be lost totally because of the lies and deceit behind their existence.
Buddy apart from the things you mentioned, people having the mindset of trying new things can also cause this but the thing is some people always want to make quick money and that's more reason why they fall victim to this, so thats my take on this.