One reason wey i dun notice say dey make many Nigerians nor dey want invest for crypto na say we dey fear to loose money more than we dey enjoy to get am, so because say we nor wan loose, we dey plan am safe. How you see am? and what other reasons can we point out?
But let I want to really ask do people lose their money in Bitcoin, I think the answer is no, you can lose in shitty project as some who has decided to either diversify or try other things in the industry or as a trader but as for Bitcoin investor, you don't lose your money, what just happens to your asset is when there's dips, your asset deprecates do to the the nature of the market at that time but that doesn't stop anyone to stop investing because your coins also bounce back once there's upsurge so why will anyone be afraid to invest in the first place, for me I think ignorance is the reason why some Nigerians wouldn't want to invest in this space, most of them don't have a clear understanding of how things are being done here or the particular coin to go for so they will definitely be afraid to get in so as not to get trapped by unforseen circumstances.