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Topic: 5 Reasons More People Aren’t Buying Bitcoin (Read 57 times)

member
Activity: 378
Merit: 16
August 19, 2018, 08:06:09 PM
#3
In my opinion. Since, bitcoin was so famous for being an investment that made fortunes for the early adopters. The mentality of thinking as Bitcoin to be a quick profit investments began that it attracted so many investors but the dark days came. Market went red day by day and worst is yet to come when the largest dip happened in early 2018. This scenario made critiques to create FUDs that went to different medias resulting in the reduction of potential buyers.
newbie
Activity: 131
Merit: 0
The huge price drop will scare a lot of people, nobody buys a continuous red candle, some people would want it for it drop to a bottom level so they can buy it cheaper
newbie
Activity: 246
Merit: 0
5 Reasons More People Aren’t Buying Bitcoin

More people aren’t buying Bitcoin for a few simple & stupid reasons:

1:Not understanding what it is.
2:Fear.
3:They think they’re too late (they’re not).
4:Beleiving everything they read in mainstream media.
5:Thinking that it’s a bubble.

What is your thoughts about this??
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