2. Volatility and Price Fluctuations
One thing I know that scares a lot of Nigerians away from Bitcoin is the crazy price swings. Today it's up, tomorrow it crashes without warning. For Nigerians who are just trying to save or do business, this kind of instability feels risky. I've heard people say "I can't put my money in something that can lose value overnight" and I totally understand their plight. Not everyone want to wake up to see 30% of their savings gone because of market dips. For small business owners or salary and earners, that kind of uncertainty is hard to manage.
Possible Solution
From the creation of Bitcoin till date, if you sum up the percentage of negative volatility and positive volatility, you'll understand that the positive volatility is significantly higher than negative volatility. This is a justification that when you invest in Bitcoin for long-term purposes, you're definitely going to end up on the positive radar. If you're to invest in Bitcoin, you should at least be able to hold up to four years which is the span for Bitcoin cycle.
And in addition to the solution you just gave above regarding the best approach and solution to the fear of Bitcoin volatility and price fluctuations been to be able to invest and hold on for 4yrs as Bitcoin completes it's cycle, which is commonly known as halving in four distinguish phase, such as the "accumulation phase, the Bull market phase, the distribution and lastly the bear market phases. On the contrary, another important solution to this can also be for individuals to always invest an amount they can always afford to lose in Bitcoin. So as to not be deeply affected when it's price value goes either up or down.