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?
Nigerians are not the kind of People that believe in investment and they hardly trust online investment and that is one of the reasons why they fail to dey invest in crypto.
The main reason dat causes fear in crypto investment among Nigerians is lack of proper knowledge about the entire crypto space, the lack of knowledge about crypto is one of d reason why most people in Nigeria no dey invest in crypto. Most a-times Nigerians judge investment by people’s experience, it might’ve that maybe one of their relatives invested in the wrong coin and losses his money and so they use tgat person’s experience to judge the entire crypto. Some people also dey try invest but they don’t have proper knowledge about it so they buy when it’s high and sell when it going low instead of HODL their digital assets.
These among other reasons be y our country people no wan invest for crypto, by proper awareness and knowledge by d people I think they might start investing in crypto.