Can this be the reason some people are afraid to invest in Bitcon? - page 2.

bitzizzix

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Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

People are afraid because they are taught to be afraid since childhood, what kind of fear?
My parents taught me when I was little to save to protect money and also invest to make money work, because back then they didn't know bitcoin and if they knew they would teach bitcoin and invest in bitcoin, because bitcoin is the safest place from bank or other. And completely controlled by ourselves.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: worle1bm on October 10, 2022, 01:39:23 AM

Yeah you need to trade on your own in this market and learn the basic things instead of looking for someone to guide you.So as a newbie you should invest in top projects like bitcoin only and stick to it for long term or better is to do DCA investment with all the money you want to put in at regular intervals that will give you more profits in future.

Bitcoin is way more safe than any altcoin for a newbie if bought at the proper price and time. If the person is patient enough to hold bitcoin, they will see big profits on their first investment in crypto and not wish to put money in any of the altcoins. But since most newbies want quick profit and quick gains, they go for easier bought altcoins which fail to recover even the buying price.

Quote from: Bazzu on October 10, 2022, 07:03:45 AM

I agree with you, in my opinion, being careful is very important but don't be too afraid to try, but the most important thing in my opinion in investing is to relax your mind and be calm in investing and also not to be a coward, investing must use money unemployed, so the mind will be calm. and I speak based on my personal experience.

I dont think the term "coward" is the proper use here. Being diligent is rather the thing, because every person is afraid of losing their money and there is nothing wrong with that. But putting your money in a risky place without doing any asset management is fatal. Would not want that to happen to someone just because they were not "cowards". So better to do your research and invest wisely, or not invest at all.

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Quote from: Questat on October 10, 2022, 07:49:22 AM

Quote from: Bazzu on October 10, 2022, 07:03:45 AM

I agree with you, in my opinion, being careful is very important but don't be too afraid to try, but the most important thing in my opinion in investing is to relax your mind and be calm in investing and also not to be a coward, investing must use money unemployed, so the mind will be calm. and I speak based on my personal experience.

Well, the truth is that the crypto market is risky which makes people afraid to invest in it.
Those who have the guts to take risks and are willing to lose their money will certainly take this opportunity. I don't urge those who are doubted and negative mindset as it was the main reason why they don't try as they will just quit and leave crypto.

In fact, a lot of people have tried crypto but because of their negative mindsets, they are easily influenced by FUDs and go. Just think about that crypto investment is not for everyone, the same thing happen to other investment.

Negative mindset and easily influenced by the spread of FUD is a mindset that is owned by novice investors or traders. But those who already understand crypto and its risks, will be able to survive and not be easily influenced by negative sentiments that are trying to destroy crypto prices.

The higher the risk, the higher the profit. Actually, the risks in the crypto market can be handled well if you understand the pattern or cycle of cryptocurrencies. Crypto investment is not for everyone, crypto is only for people who already understand and understand what they have to do.
Currently, the level of crypto users or crypto investors is increasing, and even the popularity of crypto money is able to compete with the stock market

Questat

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Quote from: Bazzu on October 10, 2022, 07:03:45 AM

I agree with you, in my opinion, being careful is very important but don't be too afraid to try, but the most important thing in my opinion in investing is to relax your mind and be calm in investing and also not to be a coward, investing must use money unemployed, so the mind will be calm. and I speak based on my personal experience.

Well, the truth is that the crypto market is risky which makes people afraid to invest in it.
Those who have the guts to take risks and are willing to lose their money will certainly take this opportunity. I don't urge those who are doubted and negative mindset as it was the main reason why they don't try as they will just quit and leave crypto.

In fact, a lot of people have tried crypto but because of their negative mindsets, they are easily influenced by FUDs and go. Just think about that crypto investment is not for everyone, the same thing happen to other investment.

Bazzu

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Quote from: landheer on September 28, 2022, 07:34:56 AM

Quote from: Solosanz on August 31, 2022, 11:00:28 AM

In life you need to try as much as possible, this will make you learn a new thing and it's good for your journey. If you're always afraid and worried before try a new thing, you wouldn't learn and don't regret if your friends are become success quicker than you. It's start from a mindset, feeling afraid would destroy your life.

I think they're afraid because the government ban, religion issue, volatility, no physical appearance and always think someone has a control behind the market. Of course each people will have different reason, but if they're really learn Bitcoin and at least understand how it's work, they wouldn't afraid anymore.

yes, that's true, indeed there are many people who are afraid to invest and also most of them are people who do not understand about investing, and I think that is one of the obstacles for someone, because if we have excessive fear of course we will not benefit. . , because ?too afraid to try.

I agree with you, in my opinion, being careful is very important but don't be too afraid to try, but the most important thing in my opinion in investing is to relax your mind and be calm in investing and also not to be a coward, investing must use money unemployed, so the mind will be calm. and I speak based on my personal experience.

Mauser

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Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

I am not sure if this plays a big role in why people are afraid of Bitcoins. It's true that our upbringing plays a big role in what we are afraid of and what not. For example, if our are parents and grand parents where too afraid to invest in stocks directly and let rather the bank decide on the investments than it's likely we as kids will do the same. My grand father was always very interested in stocks and liked to choose them all by himself. As a kid he gifted me my first stocks and that is probably why I became so interested in investing and trading. For me crypto currencies is the new form of commodities and currencies that everybody should be invested it. I am not afraid and hope that over time more people lose their fear of the new unknown. What makes most people afraid to invest larger sums in the bitcoins and other coins is the volatility in my opinion. If you look at the bitcoin price at the start of the year it was around 40.000 USD and 1 year ago it was at 60.000 USD, and 2-3 years ago it was at 10.000 USD. This big volatility scares of some potential new investors who likely wait for bitcoins to reach a more stable era.

worle1bm

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Quote from: TheUltraElite on October 10, 2022, 01:16:20 AM

Quote from: ?? on ??

I have a different angle to the reason for fear on investment. Every profit maker in bitcoin that bought at the bottom of the market will still be holding a percentage profit irrespective of the next deep. So the time everyone is coming to the market matters, experience of old traders matter and the present sentiment when a new traders come in matters more also is the knowledge acquired by new traders. So every new investors need a mentor

New investors may not need mentors if they are able to trade on their own with proper prediction or insight. The fear is about losing money or putting money in projects which might end up as scam. This cannot be eliminated completely but reduced by investing in well known and top projects and not shady shitcoins.

There are investors who make money without a mentor, if they have that mindset, so it can be good, the only reason it may be bad is that sometimes mentors are themselves shilling projects.

Yeah you need to trade on your own in this market and learn the basic things instead of looking for someone to guide you.So as a newbie you should invest in top projects like bitcoin only and stick to it for long term or better is to do DCA investment with all the money you want to put in at regular intervals that will give you more profits in future.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ?? on ??

I have a different angle to the reason for fear on investment. Every profit maker in bitcoin that bought at the bottom of the market will still be holding a percentage profit irrespective of the next deep. So the time everyone is coming to the market matters, experience of old traders matter and the present sentiment when a new traders come in matters more also is the knowledge acquired by new traders. So every new investors need a mentor

New investors may not need mentors if they are able to trade on their own with proper prediction or insight. The fear is about losing money or putting money in projects which might end up as scam. This cannot be eliminated completely but reduced by investing in well known and top projects and not shady shitcoins.

There are investors who make money without a mentor, if they have that mindset, so it can be good, the only reason it may be bad is that sometimes mentors are themselves shilling projects.

Quidat

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Quote from: ?? on ??

I have a different angle to the reason for fear on investment. Every profit maker in bitcoin that bought at the bottom of the market will still be holding a percentage profit irrespective of the next deep. So the time everyone is coming to the market matters, experience of old traders matter and the present sentiment when a new traders come in matters more also is the knowledge acquired by new traders. So every new investors need a mentor

Once you do step your foot into this market then you should really be prepared when it comes to volatility because this would be the primary thing that you would encounter
and better to prepare yourself and if you cant bare out the risk due to moving prices then this investment isnt for you but if you could sustain yourself and able to
handle these situations then better make yourself sustainable.Dont mind about losses because its normal but its better to lessen it out as much as you could.
Being afraid is normal but once you do able to have a good grasps then you would changed up your impression.

nara1892

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In this case actually if they know the consequences and are ready to accept it then there is really no reason to be afraid because they are already prepared with the worst possibilities to be in trading or investing.
the fear here I might think of it as people's unpreparedness to be in crypto, especially in bitcoin and this can clearly be eliminated by learning the ins and outs of what will be explored whether it is trading or indeed investment.

dataispower

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This information is not formative, many people have their own reasons of not investing in Bitcoin because it investors is accountable to it's plans concerning investment, some people bridge not to invest in any currency because of the information they heard concerning the investment, so I'm using Bitcoin as illustration, because if you are informed that the market of Bitcoin will be bearish, and you study try the chart of cryptocurrency and you notice that's the chart is real, you won't like to invest because of the information passed to you, so information discourage some people.

Hypnosis00

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Quote from: Sanitough on September 28, 2022, 04:40:43 PM

Quote from: Rufsilf on September 04, 2022, 07:24:37 AM

Once the word afraid is in our mind, it can be a disaster for our future particularly in making a decision. We can't move freely and make smart decisions.
Maybe, sometimes we feel like this but not all the time we should have to carry this thing otherwise, nothing will happen to us. This is just like taking risks in crypto investment, trading, etc...
It is definitely a need for us to conquer this feeling before it will be going to late. If we have to overcome fear, it is a need also for us to trust ourselves and keeping in mind that nothing will happen to us if we don't act.

Well we all have fears especially in taking risks. But when it comes to crypto investments, it should always be controlled because if we keep that fear, we will lost our focus and the determination to succeed. Maybe the reason why others enter the market and then quit later on because they cannot control their selves. Otherwise, do not bother entering crypto investments as its full of risks that gives you fear.

When talking about investment, we have to focus on winning and earning and find a way to get it. But if we are already thinking "what if's", that something will affect our decisions and it will influence our mind as well for this won't easily be vanished from our mind. It was best to always be positive despite the challenges and difficulties we encountered and I say that this will never happen if we have a goal as this will lead us in the direction that we want to go. Likely, if we want to hold 5 years, then consider preparing ourselves to hold that long.

Sanitough

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Quote from: Rufsilf on September 04, 2022, 07:24:37 AM

Once the word afraid is in our mind, it can be a disaster for our future particularly in making a decision. We can't move freely and make smart decisions.
Maybe, sometimes we feel like this but not all the time we should have to carry this thing otherwise, nothing will happen to us. This is just like taking risks in crypto investment, trading, etc...
It is definitely a need for us to conquer this feeling before it will be going to late. If we have to overcome fear, it is a need also for us to trust ourselves and keeping in mind that nothing will happen to us if we don't act.

Well we all have fears especially in taking risks. But when it comes to crypto investments, it should always be controlled because if we keep that fear, we will lost our focus and the determination to succeed. Maybe the reason why others enter the market and then quit later on because they cannot control their selves. Otherwise, do not bother entering crypto investments as its full of risks that gives you fear.

landheer

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Quote from: Solosanz on August 31, 2022, 11:00:28 AM

In life you need to try as much as possible, this will make you learn a new thing and it's good for your journey. If you're always afraid and worried before try a new thing, you wouldn't learn and don't regret if your friends are become success quicker than you. It's start from a mindset, feeling afraid would destroy your life.

I think they're afraid because the government ban, religion issue, volatility, no physical appearance and always think someone has a control behind the market. Of course each people will have different reason, but if they're really learn Bitcoin and at least understand how it's work, they wouldn't afraid anymore.

yes, that's true, indeed there are many people who are afraid to invest and also most of them are people who do not understand about investing, and I think that is one of the obstacles for someone, because if we have excessive fear of course we will not benefit. . , because ?too afraid to try.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: exhort on September 09, 2022, 04:06:33 AM

Because some people think of it as gamble and crypto is an extremely volatile market.

Any speculative market can be a gamble. The point lies in whether you are letting it mess up your life or handling your money properly. Most people cannot do the second one and hence people around them get a negative impression about that speculative market.

While the affects the older population more, once it has happened, it is close to impossible to revert this mindset back to a non-biased state even for the younger population.

I would say, let them do as they wish. If someone does not like crypto, they would never enjoy investing in it.

qwertyup23

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Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

I think the simple answer would be due to the volatility of BTC in its price.

With media stigmatizing the view of cryptocurrencies, it created this artificial fear and hope where if you invest into BTC, you would become instantly rich. This is what media portrayed BTC to be to the point that people would blindly invest into it without knowing its effects and purpose. This is exactly what happened last 2017 when the price skyrocketed and plummeted down, then people blamed BTC and tagged it as a scam.

goinmerry

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Good experiences always come from a bad experiences.

Being afraid is usual because you don't know anything yet about crypto in general. There's no such thing that you know already everything entering a new world. Just continue to be involved in crypto, obviously if you really want to stay here.

Experience is they key to building a good foundation.

Detritus

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Sorry you were a victim, learning does give us the perception of something we are thought but as people grow they must also live with evolution of things within their environment. you must evolve and learn new things. There are lot of content online to learn about crypto investment.
While growing up, I was only thought to do business or work for salary if I want to earn money. I was so glad when my friend Introduced me to cryptocurrency, at first I never thought of investing because of risk of losing money but as time goes on, I cast my fear and started investing into Bitcoin and other crypto. The fear that people learn as child could be the cause while some think is not wise to invest into Bitcoin, only if they chose to evolve, then is not a bad idea to invest in Bitcoin but they must also learn the merit and demerits of crypto investment.

Awwal08

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Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

People get scared of what they heard in people's mouth without getting the source of the information, vice versa. Bitcoin or any other cryptocurrencies is a nice besiness. There is no business that is risk free, so bitcoin is not an exception.

You been here is a good idea and I assure you of a great opportunity ahead of you.

ThemePen

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I stand with Palestine.

If you are thinking about time. So I think Time Does not matter.
Don't think you are late if there is Bitcoin. Of you enter now and hold tight so the Bitcoin will never disappoint you.

And if many people are afraid. So doesn't matter I think you are at right place and thinking to invest in Bitcoin.

If I talk about my gathering, So, I have also that kind of people. And about 80% people afraid from cryptocurrency.

Topic: Can this be the reason some people are afraid to invest in Bitcon? - page 2. (Read 1350 times)