Can this be the reason some people are afraid to invest in Bitcon? - page 4.

KaliLinux

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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.

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.

Japinat

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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.

That is just a natural reaction for someone who doesn't know how bitcoin and other cryptocurrencies works, but what is not normal is when you let that fear decides what's good and right for you because that same fear will become an obstruction for you to earn big in the future. Risks are always there and they won't budge just because you are afraid, instead, you overcome them so that they won't impede you from learning.

Bitcoin has already proven to be another way to make money and many investors can testify to that. So, will you still let that fear control you?

Tony116

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In my country in Indonesia, of most people only a few know how to invest using digital money, the rest they invest their money such as, Land, Houses, Gold, Rented Houses, they are reluctant when I tell you to invest their money in bitcoin, because there are some problems than before, there were many gambling products under the guise of trading, that's why many people don't believe in digital investment, here I understand that knowledge is more important than the lust of someone who wants to have instant money, that investment has risks in each field...

It can also be understood that land, houses, gold and silver are pre-existing things, real assets that we can touch, hold and need to use every day. In contrast, bitcoin is a virtual currency on the internet, with strong volatility, so people are afraid to invest. People tend to prefer safety over risk, only a few like taking risks to make a difference investing in bitcoin. Ignorance about bitcoin is the cause of their fear of bitcoin.

bakasabo

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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.

Sayeds56

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Quote from: RockBell on September 04, 2022, 06:11:49 AM

I think people are scared of taking risk but when taking risk you should be able to manage risk especially when it comes to investing in bitcoin people are always scared of investing but I believe you have this forum to guide you there are different thread here that helps guide you while investing , i so much love this forum because of this advantages once you registered you can learn so we should encourage people and awareness is also okay when it comes to investing or trading.

You are right that risk management is important in trading & investment but I think in case of Bitcoin DCA strategy ( Dollar cost average ) is more important because it is a precious & store of value and generally investors accumulate it to book huge profit in the long term. For day or swing traders risk management/money management & good technical skills are very important to generate income in the short term.

Rufsilf

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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.

dimonstration

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Quote from: pgbit on September 04, 2022, 06:03:02 AM

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.

FYI, You can still recover Bitcoin even you wallet is corrupted as long as you save your private key somewhere else because Bitcoin itself is indestructible from attacks because it’s recorded in the blockchain. Only the wallet can be damage but you can always reinstall and import your private key to recover your Bitcoin.

About Bitcoin being use on purchasing in marketplace. Merchants are using payment solution that automatically converting Bitcoin into fiat amount the moment it was sent to the merchant address to solve this volatility issue on the price.

RockBell

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I think people are scared of taking risk but when taking risk you should be able to manage risk especially when it comes to investing in bitcoin people are always scared of investing but I believe you have this forum to guide you there are different thread here that helps guide you while investing , i so much love this forum because of this advantages once you registered you can learn so we should encourage people and awareness is also okay when it comes to investing or trading.

BALIK

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Quote from: Sayeds56 on September 04, 2022, 05:46:27 AM

Quote from: eaLiTy on September 03, 2022, 01:08:30 PM

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.

This is not the fault of the education system, but the fundamental human tendency when it comes to taking risk when your hard earned money is involved. If you are not willing to take risk there is nothing wrong in it and only invest if you are willing to take the risk and it might not reap the benefits all the time.

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

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

If you are willing to take the risk, you can invest right now rather than thinking about the past, thinking about the lost opportunity does not make any sense Wink

.

You are absolutely right, opportunities rarely come in life but we have to seize them and take advantage to bring about a peasant change in our life. Current bearish market is very good for accumulation of Bitcoin on every dip and believe me we will harvest huge profit when after the next halving Bitcoin supply will come down and scarcity of Bitcoin will naturally increase its price to the new ATH.

Instead of continuing to regret the past you should seize the opportunity now, it is not too late for us to start with bitcoin. The market still has a lot of opportunities to make profits, right now we are in the bearish season and bitcoin is at a high discount.

If you think you have missed your chance in the past, now is your chance to correct your past mistakes, whether you really want to catch it or not is up to you. At the current discount rate, I believe that if you start holding, the profit you will get will be a huge profit, I can say it is a bigger return than any of your investments before.

pgbit

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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.

Sayeds56

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Quote from: eaLiTy on September 03, 2022, 01:08:30 PM

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.

This is not the fault of the education system, but the fundamental human tendency when it comes to taking risk when your hard earned money is involved. If you are not willing to take risk there is nothing wrong in it and only invest if you are willing to take the risk and it might not reap the benefits all the time.

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

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

If you are willing to take the risk, you can invest right now rather than thinking about the past, thinking about the lost opportunity does not make any sense Wink

.

You are absolutely right, opportunities rarely come in life but we have to seize them and take advantage to bring about a peasant change in our life. Current bearish market is very good for accumulation of Bitcoin on every dip and believe me we will harvest huge profit when after the next halving Bitcoin supply will come down and scarcity of Bitcoin will naturally increase its price to the new ATH.

CryptoBuds

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Quote from: Ziskinberg on September 03, 2022, 06:39:45 AM

Quote from: darkangel11 on September 02, 2022, 05:34:47 PM

Ever noticed that old people like their old cars and don't want to change? They also like their paper money in their pockets. Bitcoin is not physical and that's why people are afraid.

Some oldies consider this as a fancy thing and no market value, a scam thing. Old people keep their mind what they feel was real and they can touch making them not to believe in the existence of digital currencies. I understand their views towards crypto and we no longer have to urge them to believe this as it was not even necessary anymore. But for this current generation, I'd really appreciate their interest and welcoming crypto as this likely it was beneficial to them.

Old people's lives are tied to fiat, it can be said that fiat has been with them for life so it's no surprise that they can't accept something newer which we say is better than fiat while it's so nascent compared to fiat. Unlike previous generations, today's young generation was born in a more modern and comfortable world, so it is understandable that they absorb new and creative things.

We're approaching bitcoin right now and think it's really a great invention and the future of the future, but as we get older and the world continues to develop something newer and more modern than bitcoin, we probably won't accept it easily either.

freedomgo

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Quote from: Nrcewker on August 31, 2022, 09:04:32 AM

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.

We were always taught from out parents or from educational institutions to always be careful with money.
So yes a mindset has always been drawn that when there is risk we shouldn’t invest any money. But people have forgotten the prime factor that when the risk is high, the return of investment is also great.
Nevertheless OP ,i can see your feelings that you are really upset, as you are not an early investor of the coin, so definitely you are feeling bad. But guess what currently Bitcoins price are best,so use this advantage and buy as many coins as possible.

Not literally that we’re afraid but rather we become worried and apprehensive in things that bring risks and are unsecured. This is why as a human nature, we tend to become somewhat fearful at first especially like bitcoin investment which most of us have no enough knowledge on it. We’re afraid to lose our money by not taking risks, not realizing that if we don’t take risks, there will be no gains also.

The Cryptovator

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People are always afraid to enter an ecosystem they aren't familiar with. This is normal behavior of humans. But nowadays this isn't much prevention to invest in Bitcoin. There are a lot of sources to learn about Bitcoin or crypto. If someone is interested or you want to convince you may present a lot of sources of learning. So the main thing is how are you going to introduce Bitcoin to others.

eaLiTy

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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.

This is not the fault of the education system, but the fundamental human tendency when it comes to taking risk when your hard earned money is involved. If you are not willing to take risk there is nothing wrong in it and only invest if you are willing to take the risk and it might not reap the benefits all the time.

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

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

If you are willing to take the risk, you can invest right now rather than thinking about the past, thinking about the lost opportunity does not make any sense Wink

.

TheUltraElite

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Quote from: Ziskinberg on September 03, 2022, 06:39:45 AM

Some oldies consider this as a fancy thing and no market value, a scam thing. Old people keep their mind what they feel was real and they can touch making them not to believe in the existence of digital currencies. I understand their views towards crypto and we no longer have to urge them to believe this as it was not even necessary anymore. But for this current generation, I'd really appreciate their interest and welcoming crypto as this likely it was beneficial to them.

Older people are more careful about where they are putting their money in. They would rather take lower risks in order to minimize losses because they have other things to look after and because of their old age.

On the contrary, younger generation might also take the safer route because of increased unemployment, lack of job security and their general well being.

Hence generations will not matter much, rather knowing the pros/cons and the government's response towards crypto are the things that will push crypto investment forward for any country.

sulendra12

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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.

It's always a fear to start learning new things. That's why people who doesn't have knowledge about this kind of stuff is probably just avoid it and they always often keep hearing bad stuff from other people hence makes those people avoid it even further. Also they are already comfortable with what they have and don't want to make a change at all, that's why educational stuff about Bitcoin is a must in some cases

Sayeds56

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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.

It is true that human wants status quo to continue and resists change but the bitter reality is that change is the only constant. We should always welcome new technologies in the very early stage though there are risks associate with it but early adopters always harvest huge benefits. People are still fear to take entry in crypto market because it is very volatile but experienced investors and traders understand very well that this volatility is a gift if you know how to manage the risk. I joined crypto space in 2017 when general public had just started taking interest in digital currencies because Bitcoin price had reached 20K which was considered very high at that time and later we had witnessed long winter which was good buying opportunity for long term investors.

Ziskinberg

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Quote from: darkangel11 on September 02, 2022, 05:34:47 PM

Ever noticed that old people like their old cars and don't want to change? They also like their paper money in their pockets. Bitcoin is not physical and that's why people are afraid.

Some oldies consider this as a fancy thing and no market value, a scam thing. Old people keep their mind what they feel was real and they can touch making them not to believe in the existence of digital currencies. I understand their views towards crypto and we no longer have to urge them to believe this as it was not even necessary anymore. But for this current generation, I'd really appreciate their interest and welcoming crypto as this likely it was beneficial to them.

awik p

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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 have felt this since I was a child, where I studied diligently and later I was able to work in an office with a comfortable life. but over time, I think finding financial freedom will be happier, and this will be hard to come by if we work in an office. for that we can imagine if we understand bitcoin from the beginning of course we now have financial freedom, and that happens for those who can always learn from the times. but don't worry about missing the moment, because as of now there are lots of discounts from bitcoin to buy

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