Post
Topic
Board Nigeria (Naija)
Re: Understanding is the best key to approach cryptocurrency.
by
Derekfunds
on 18/03/2025, 14:39:04 UTC
I have witness many events where people refer to cryptocurrency as scan, because of lack of understanding and awareness on how cryptocurrency works, and aslo the  way to approach cryptocurrency in other for them not to get scammed.
alot of people are not aware that someone can easily be scam with cryptocurrency and it online exchanges, because they lack understanding that alot of cryptocurrencies and alot of crypto online exchanges out there are scam. and when those who lack understanding about cryptocurrency get scammed, they we come into conclusion that cryptocurrency is a scam.

That's why I always advise that individuals need to understand the risks that are involve in cryptocurrency  because everything about cryptocurrency is risk taking including, crypto trading, crypto investment and  it online exchanges.

Secondly without proper understanding of cryptocurrency and it online exchanges, individuals may fall prey to scam, making them vulnerable to scams and frauds, which may result to financial looses, and they we start calling cryptocurrency a scam.

And thirdly the one that funny me the most, is the one they refer to the price movement in the crypto market as scam, because of increasing and decrease in price of cryptocurrencies in the crypto market, which I also refer to that as lack of understanding of the crypto market.
Cryptocurrencies are volatile in nature it price movement can make someone believe that cryptocurrency is a scam.

without the proper understanding and the awareness that cryptocurrencies are designed to fluctuate rapidly and unpredictablely in price you we refer to cryptocurrency as a scam.

In as much as what you are saying is true, I would also like to inform you that you have been repeating one thing in  all your sentence and paragraph and that thing come make waiting you dey talk no dey interesting again. The truth be say ah no blame person wey feel or wey dey feel say cryptocurrency na scam because even me self, normally anything wey ah no know, go look like scam and rubbish or en no go interesting me unless ah don make up mind to learn. And waiting they mostly make them feel this way na because of the trading aspect because profit no dey sure or guarantee and if actually they don try e no work out well for them ah go advise make them try out investing for long because in business, you no go stick to only one strategy, you go need change when the one you been dey use no favor you again.