Quote from: Ndabagi01 on January 22, 2025, 09:12:17 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.

Anyone who has gotten sufficient knowledge about the bitcoin market cannot come out publicly to say that it’s a bad investment or a bad technology to discourage people from not participating in it. The bitcoin market is really enormous but having the right knowledge about it will make it a very simple technology to understand and adapt in your financial life. Information about anything is important and if such information is yet to be getting to a sufficient amount, it is better not to mislead people into what you believe in and not certain about.

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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.

One thing that is very common about cryptocurrencies and not only bitcoin is that, the person telling others about it will only tell them the best part of the investment and not tell them what they need to do and what they need to have and put in place before they will begin their investment journey. It is very easy to convince people to invest in bitcoin when you tell them the enticing part of it but it’s very hard to convince them the second time when they already lost hope, or money after using the initial advise to join the crypto space. It is important that real and accurate information is passed about crypto, that will enhance the adoption and the careful management of bitcoin assets in the custody of those that own it.

This is true. Almost every crypto investor learned the reality of crypto while already investing. Most time people only introduce you to the good side of crypto, you learn the other side when you get into crypto.

In as much as there's a good and a bad side, not many newbies would want to try if you let them understand how risky crypto investment can be at some points. Sometimes it is better to learn in the game but don't be greedy when you've not learned the bad side to avoid your money vanishing.