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.
I think you will still scare them more by using the word cryptocurrency which is basically a general name given the these different coin where we have bitcoin and other coin like shitcoins in it and most of this people might have invested into one of those shitcoins and probably lost all his money because puting your in shitcoins is too risky infact it is advisable to put only 10% of your income into shitcoins because they are unreliable coin to invest into so try and be specific if it is to be bitcoin or shitcoins.
Now investing into Bitcoin doesn't necessarily need having all knowledge concerning bitcoin as long as you have the income which is suppose to be your leftover income also your discretionary income and you have gotten some basic knowledge about Bitcoin you can start up immediately while you figure out more things concerning bitcoin investment because waiting to get full education or knowledge about Bitcoin investment may along the line lead to procastination or the money kept for investment might be use to settle other challenging needs which may arise that's why it is important to start up immediately and find out more about Bitcoin while you are already accumulating Bitcoin gradually using the DCA strategy.