Topic: Can this be the reason some people are afraid to invest in Bitcon? - page 3. (Read 1350 times)
September 09, 2022, 04:06:33 AM
Because some people think of it as gamble and crypto is an extremely volatile market.
September 09, 2022, 03:58:14 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 also a victim. Wish I had joined this forum earlier.
When you talk about bitcoin it is about that digital money. Of course there is risk involved in investing in bitcoin or any other cryptocurrency. Bitcoin investment is not risk free and whoever told that bitcoin investment is risk free I don't think that's the right approach.
We are being always told that be careful and invest only the amount which you can afford to lose especially if you are doing future trading.
September 09, 2022, 03:33:13 AM
It scares many that some resources explain bitcoin as "a currency that does not exist." For me personally, this formulation is also not very plausible. The question here is how much you know Bitcoin's technical side. If you do not understand how it works and is afraid to invest in it, it makes sense to figure out what it is for.
September 08, 2022, 02:08:36 PM
maybe this is very influential, and I think this is one of the actions that must be considered to instill trust and confidence in people, especially for new investors, doubts from an early age have very side effects according to what I have noticed.
Simply put, when new investors have doubts about something like this, why should it be done because if this is me then I will really study it until I am sure that I have just made an investment. I'm in bitcoin because I really believe in it so when we really have doubts but are still running, it's a pretty stupid thing to do in my opinion.This is of course not easy when you consider the fact that bitcoin is long term and people do not understand how they need to hold it for years. I get that some people do, but many people want to get rich right away. That's mainly because they are afraid of bitcoin and do not want to hold it long term and do not trust it for years.
September 07, 2022, 12:44:43 PM
maybe this is very influential, and I think this is one of the actions that must be considered to instill trust and confidence in people, especially for new investors, doubts from an early age have very side effects according to what I have noticed.
Simply put, when new investors have doubts about something like this, why should it be done because if this is me then I will really study it until I am sure that I have just made an investment. I'm in bitcoin because I really believe in it so when we really have doubts but are still running, it's a pretty stupid thing to do in my opinion. 
September 07, 2022, 12:22:00 PM
Especially in poor countries, they do not choose to invest in places they see as risks because money is so valuable to people. In addition, people do not want to pay for things that they cannot perceive with their senses. They are afraid of the Internet. What do I do if I'm suddenly robbed? thought prevails.
September 07, 2022, 10:34:19 AM
yes, maybe because they lack knowledge about bitcoin so they are afraid to invest in bitcoin and most of them are afraid that the price of bitcoin will go down, whereas in any business, of course, must have courage and sacrifice, as well as investing. but of course everyone's thinking is different.
Being cautious in investing in something is a good thing. Having less knowledge about something and hence deciding to stay away from it is a diligent step.These steps are taken wrongly by newbie investors specially jumping into altcoins, sometimes buying bitcoin too at high prices and then moaning about losses. To prevent this, I suggest newbies to do dummy trading and read the charts before doing a real life trade.
Just knowledge is not the thing here, it is personal choice whether someone wants to invest in bitcoin or not. Also not all governments are lenient about crypto hence the future for such countries in unclear at present.
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September 07, 2022, 03:50:53 AM
Fear isn't totally bad. Fear prevents people from entering dangerous situations
Yes, that's true because, of fear, we can rethink whether we should buy bitcoin in the present moment or wait a bit and make sure everything goes according to our plan. Maybe many people are still afraid to invest in bitcoin because they tend to be afraid to see the price fluctuate as it is now. But if they can analyze that the bitcoin price movement is reasonable, it is a good moment to buy it when the price is down. But it will depend on how people can overcome their fears. 
September 07, 2022, 02:53:00 AM
The only reason why people are afraid of Bitcoin is fear caused by lack of knowledge. There is nothing to do with investment, a lot of people are afraid to try something new, because they see no reason doing it. They dont want to change and try anything new, because their current life completely suits them. My first acquaintance with Bitcoin happened when I searched for a way to earn extra money. Reason of acquaintance - I have started loosing control and confidence of my financial situation.
Fear is part of being human and there is nothing wrong with being afraid of things that one has never encountered before. Depending on the case, we should accept or continue to reject the new. People who are looking for something new to change their lives or increase their income, who have nothing to lose, are always open to new things. For people who are living a stable life and they are satisfied with what they have, there is no reason why they should accept something without knowing it.
I also didn't learn bitcoin when I first heard about it, but a few times after that I tried to open my heart to learn about it because I needed some extra income.
September 07, 2022, 01:55:41 AM
The only reason why people are afraid of Bitcoin is fear caused by lack of knowledge. There is nothing to do with investment, a lot of people are afraid to try something new, because they see no reason doing it. They dont want to change and try anything new, because their current life completely suits them. My first acquaintance with Bitcoin happened when I searched for a way to earn extra money. Reason of acquaintance - I have started loosing control and confidence of my financial situation.
Fear is part of being human and there is nothing wrong with being afraid of things that one has never encountered before. Depending on the case, we should accept or continue to reject the new. People who are looking for something new to change their lives or increase their income, who have nothing to lose, are always open to new things. For people who are living a stable life and they are satisfied with what they have, there is no reason why they should accept something without knowing it.
I also didn't learn bitcoin when I first heard about it, but a few times after that I tried to open my heart to learn about it because I needed some extra income.
September 06, 2022, 11:06:59 PM
Because Bitcoin is not accepted everywhere and very few peoples aware about it.If an internal problem occurs such as a virus corrupts data or the wallet file is corrupted, bitcoins can be lost.its values is not accepted by any central bank.it has no physical value it is also converted in to currency.Its value is always changing according to the demand, there is no fixed value.If bitcoin is paid in exchange for an item from a merchant, there is no telling what the value of the bitcoin will be when the item is returned which creat confusion.these all can be the reasons that some people are afraid to invest in Bitcoin.
yes, maybe because they lack knowledge about bitcoin so they are afraid to invest in bitcoin and most of them are afraid that the price of bitcoin will go down, whereas in any business, of course, must have courage and sacrifice, as well as investing. but of course everyone's thinking is different.
September 06, 2022, 10:27:44 PM
Fear isn't totally bad. Fear prevents people from entering dangerous situations where they can be harmed and can also be an useful measure to discourage criminal behavior some people might develop. In bitcoin case it's also not totally negative, because fear prevents people investing more money than they can afford to lose. Without fear people would be inconsequent and irresponsible. However, a balance is always needed, therefore we can't live between the extremes of total fear at a point we become frozen and unable to live or the other extreme of lack of fear, that is when we act without any strategies, organization and goals.
September 06, 2022, 06:54:09 PM
maybe this is very influential, and I think this is one of the actions that must be considered to instill trust and confidence in people, especially for new investors, doubts from an early age have very side effects according to what I have noticed.
September 06, 2022, 04:38:00 PM
I don't blame those that don't accept bitcoin as another type of money. We, humans, are groomed to go for what we believe and trust in. People are only afraid because they don't see, touch, feel or understand how bitcoin come about. It takes a whole conviction to understand how bitcoin runs
For those people who do get used to into those traditional ways then it wont be surprising and since people are different when it comes to mindset which there are some who do welcome new innovation and some who doesnt then it wont really be surprising that there would be different impressions and conclusions which people could tell against or go along with Bitcoin.Investing on something which cant be hold off is
something that some people wont prefer nor even believed but just let them be because as the time comes that they would really be getting sufficient knowledge and awareness then this is where impressions
do start to change up.
September 06, 2022, 01:38:06 PM
I don't blame those that don't accept bitcoin as another type of money. We, humans, are groomed to go for what we believe and trust in. People are only afraid because they don't see, touch, feel or understand how bitcoin come about. It takes a whole conviction to understand how bitcoin runs
September 06, 2022, 11:49:28 AM
The drop in the price of bitcoin was the cause of the current market situation.After the dump in the price of bitcoin,the many old traders started to hold for the long.The new traders had no other option to check the other coin deep before the investment.Because people with high knowledge one can survive for now.Less knowledge traders will lose some money for now.
September 06, 2022, 11:34:31 AM
There are also such cases when a some one lost money investing in stocks or real estate, then based on his negative experience, he will no longer invest, but will prefer to simply store fiat, despite the fact that inflation will eat up its value with time. Better to have something than to lose everything. Many rich people failed, but they kept moving forward.
We should always try to learn and try to risk more, some investors and trader in stocks or forex knows how to adjust in the market so it will be easier for them to adopt other or new skills but for newbies they should learn to start first and do action, it’s not enough that they have the idea they should make it work. In case of bitcoin many already knows it even before it pumps but many chooses to not use it since they are afraid to try and too scared that they might het scam. People who starts early can be lucky but they are more of a smart person and risk taker to think that there will be something more for bitcoin even it’s value before is less than $1 and despite of some negative news along with it. We are not required to have full 1 BTC we can start at small to lessen our anxiety whether we invest at the right time in BTC. 
September 06, 2022, 11:20:42 AM
The only reason why people are afraid of Bitcoin is fear caused by lack of knowledge. There is nothing to do with investment, a lot of people are afraid to try something new, because they see no reason doing it. They dont want to change and try anything new, because their current life completely suits them. My first acquaintance with Bitcoin happened when I searched for a way to earn extra money. Reason of acquaintance - I have started loosing control and confidence of my financial situation.
I think some of us don't also know the reason on why we tried btc but what we only know is that we got curious about it. While there are some who are like you that tried btc because they hear that you can make money out it. You are not contented on your poor life so you want to change it with the help of btc but what about those who are rich already?We are aware that they are still investing in stocks, real estates and others but unfortunately only a few of them added btc on their portfolios. These people are smart but not really when it comes to bitcoin. If only they will study it, they will realize that what they think about btc is wrong.
September 05, 2022, 09:29:29 AM
Yeah even though people have this way, it isn't restricted to Bitcoin Investment. How many times have we heard instances where people invested in other sectors like shares of companies and sometimes after the company closes down and you lost all your investment, this I have witnessed first hand so, people still lack the will to look and research what is in front of them and will always want to play safe however once they really understand what Bitcoin is, then they will have a second thought.
There are also such cases when a some one lost money investing in stocks or real estate, then based on his negative experience, he will no longer invest, but will prefer to simply store fiat, despite the fact that inflation will eat up its value with time. Better to have something than to lose everything. Many rich people failed, but they kept moving forward. 
September 05, 2022, 05:14:09 AM
It's fair and normal to be scared of new things that has been discovered. It may not be new to us but it's new to those that are scared. At first, that's the legitimate reaction that one can show but, if they show genuine interest then they'll study hard and research about it until they wholly or partially understand it.
But, if we come to realize what we're saying. We might really do the same thing as what the newbies are doing right now, and that's being doubtful at the beginning.
I am also a victim. Wish I had joined this forum earlier.
You're not a victim, that's your reasonable equal reaction upon looking at bitcoin. That's what many of us has said too that we all hoped that we knew bitcoin too early so we bought at those low prices.But, if we come to realize what we're saying. We might really do the same thing as what the newbies are doing right now, and that's being doubtful at the beginning.
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