Quote from: rachael9385 on Today at 04:32:00 PM

Quote from: Coin_info on June 29, 2025, 08:38:57 PM

Investing is not really a culture in Nigeria that we can say is not dominant in Nigeria. Formerly we fit dey blame say na the economy dey make many Nigerians nor fit dey consider investment as e require big money to take invest. As cryptocurrency dun show face, the opportunity to invest dey open for all, and e cun dey obvious say nor be just the economy dey worry us, but plenty other reasons.

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?

If you understand how Nigerians think you would know that the fear of losing money isn't really part of the reason why they do not invest in cryptocurrency. Look at all the ponzi schemes that has stolen from Nigerians over the years, are those not people's money? They invested without being forced to. The main problem with here is that they are trying to make money the fast way, cryptocurrency seems like a lot of work and stress so they focus on things that can give them that quick money that they need. This has always been the problem and if that mentality doesn't change they would still continue to miss out on the benefits of cryptocurrency

You made a very good point if there is any country in the world that is not afraid of anything including losing if their money is the citizens of Nigeria as they are risk takers but the fact is that there are allot of reasons why despite all the enlightenement about crypto currency especially Bitcoin we still have people who are still skeptical about it one as you have said is alot of person's don't want something that will take their previous time before give them money so they go into quick ways of making money that is why we have seen the rise in ponzi schemes, another point you have to consider is our economy people are now so preoccupied with what they can eat to survive rather than investing because the standard of living has reduced due to the bad economic situation of the country