The Publicity For Crypto; Being Responsible For Your Financial Decisions

2020 was a year a lot of people got excited about crypto partly because of maybe the lockdown due to corona and seeking financial succor beyond regular jobs as a result of being stuck at home with income dwindling and depleting.

But then 2021 brought more excitement and this is mostly because of the dashing run and the breaking of bitcoin's ATH back to back to back, the crypto trading ban in Nigeria brought crypto to the limelight rather than creating FUD, it was like the government gave an indirect publicity to bitcoin and crypto in general and rather than refraining from it like it was warned, more people got involved and crypto hasn't been more publicity spoken and given viability like it has in 2021, this is good

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I however try as much as possible to allow people see the bigger picture. A lot of people are excited about the money, the huge gains and the unbelievable pumps. I try to not talk people into buying crypto unless they understand the fundamentals of profit and loss.

Many others are rigid, they trust in their banks, they want to put money in their accounts and see the money as they kept it; no increment no decrement and making efforts to persuading people as such to buy into crypto might be somwhat complicating if not problematic. Truth is, everyone should be responsible for their financial decisions and this is where the problem sets in.

In the past I have tried getting people to see the need to diversity some of their real-time assets into crypto but then they always gets discouraged when you talk about the the bear market. Sometimes I say; take for instance, you start up a business with your money, as much as you're guaranteed certainty of making your millions due to unforseen circumstances.

You'll eventually go ahead to set up that business because inasmuch as you're afraid of risk, you have to invest, you have to trust the work you'll put in and you have to nurture your funds. Wth your money at hand, it's ineffectively lying in state. and as a result of this you end up spending your capital because you're afraid of losing it to risk.

Inasmuch as I'll advise people to, they're responsible for following and enacting these advice given to them. From my experience advising people about crypto is that they want to make you responsible for their choices, they want to blame you for the losses and of course enjoy the gains without reckoning with the fact that crypto comes with book.

There's more responsibility to crypto and that's why over the years many have made it their duties to permutate, read the charts and adopt more measures that helps with studying the movements of crypto like bitcoin. In reality, there's no right or wrong decisions to crypto nowadays, it's only time that eventually tells. Holding a shit coin nowadays can make you a millionaire while even holding a reputable coin might not.

There are levels to these things; and this eventually blows people who are new to crypto. Apart from even just buying into Crypto, it gets more complex into DEFI and adding liquidity. Who says it wouldn't get more complicated? Of a truth; it's important for people to make their choices and not being coerced into crypto.

This way it'll make it easier for them to handle the shock, the FUD and the FOMO I might have been pretty wealthy should I had made some choices but then this is the game. Not a lot of people can live with it and inasmuch finacial education is needed, what's often more important is to understand the rudiments of Crypto. Crypto is huge and inasmuch as the prospect of money is always the motivation, allow people become responsible for their finacial choices.