You have that all OP and what is happening around, from what they have heard in the news, rumors spread and reported scam exchanges, the more it influence their mind to think of not embracing crypto into their lives but rather remain on fiat. I would say that crypto is only for risk-takers, and we know that no all people have this kind of behavior, many are preferred to play safe despite knowing that risk-takers win more. No matter how we convince these kind of mindset, it seems not effective as they believe what it right for them.
Well, even if you don't see crypto as a scam but as long as you are not a risk-taker, then you will have nothing to gain in the end. That is the reason why even if crypto is popular but only few are brave enough to take the risks and do not fear of losing. If this will not change forever, then it's hard to expect that crypto will be globally adopted no matter how popular and profitable it is. 
Topic: Factors that's why others are hesitant to start in crypto - page 2. (Read 708 times)
The cryptocurrency market is very volatile, and this high level of volatility makes people apprehensive about investing their money because they fear that they could lose a lot of money.
Cryptocurrency is a relatively new field, and people may not understand how it works, the risks and potential benefits, making them feel unsure about investing in it.
If they are afraid of losing a lot of money through Cryptocurrency, they can use only a little money for Cryptocurrency and in my opinion Cryptocurrency is no longer a new thing to learn and understand because even if you say Cryptocurrency is a new thing, maybe it's only for you who are still take it as a novelty. Meanwhile for me personally Cryptocurrency is not a new thing because Cryptocurrency is an easy thing for everyone to learn in order to be able to understand what the risks are and how the benefits are through a wiser way of working. Cryptocurrency is a relatively new field, and people may not understand how it works, the risks and potential benefits, making them feel unsure about investing in it.
I talked to several friends about investing in crypto and almost all of them rejected the possibility.
Why?
First of all, people are busy with their daily life, responsibilities, work and other things and do not think about any investment.
Most feel that they do not have enough money for any investments or are afraid of the risk of investing and the possibility of losing everything.
Everyday use of bitcoin or any crypto is still rare and that is not a sufficient reason for someone to become interested in bitcoin.
Besides, when I start explaining to people what bitcoin, digital wallet, private key and other crypto terms are most of them just give up and don't want to listen.
Why?
First of all, people are busy with their daily life, responsibilities, work and other things and do not think about any investment.
Most feel that they do not have enough money for any investments or are afraid of the risk of investing and the possibility of losing everything.
Everyday use of bitcoin or any crypto is still rare and that is not a sufficient reason for someone to become interested in bitcoin.
Besides, when I start explaining to people what bitcoin, digital wallet, private key and other crypto terms are most of them just give up and don't want to listen.
The cryptocurrency market is very volatile, and this high level of volatility makes people apprehensive about investing their money because they fear that they could lose a lot of money.
While the volatility in investing in crypto is what we've known already and this isn't a big issue to us. Those people that are new to this will have a second thought of investing because they're not used to it. Cryptocurrency is a relatively new field, and people may not understand how it works, the risks and potential benefits, making them feel unsure about investing in it.
This is correct.Even if they've heard people making a lot of money from it, if they will analyze it, there must be something that these people have done in the past or sacrificed for them to earn that much.
Profits in the crypto market doesn't come out easily.
And no doubt these scams and all the rumours are present there or sometimes people have bad experience like someone scamming of funds or even projects being rug so they start blaming the whole market for it but they themselves are victim of these things with their own mistakes and they need to realise it.This is market where you should invest with all the knowledge and understanding not on someone else's mere advice or influence.
The cryptocurrency market is very volatile, and this high level of volatility makes people apprehensive about investing their money because they fear that they could lose a lot of money.
Cryptocurrency is a relatively new field, and people may not understand how it works, the risks and potential benefits, making them feel unsure about investing in it.
Cryptocurrency is a relatively new field, and people may not understand how it works, the risks and potential benefits, making them feel unsure about investing in it.
Ignorance is one of the major problems why people don't invest in Cryptocurrency, many people do not understand how to buy and sell in the crypto world, a good number of people lack this understanding and they claim it is insecure to invest into.
Many simply do not want to engage in cryptocurrency for the reason that they are completely satisfied with their current life. They go to work, get a decent reward for their work, which allows them to meet all the financial needs of the family. And when they have free time, they do not go online, hoping to get additional income, but go to a meeting with their friends.
One of the major reasons I didn't get into crypto earlier was because of the fear of being scammed and most times I try my best not to get to regret them because there is nothing I can actually do to change the last and some other time, I also wish I can go back to time to buy bitcoin even it was still on pre-sale but you know as they always say that you can't eat your cake and have it back.
I also have that fear in bitcoin business at the time I hear about it because I was told you can lose your investment if the price drop and so without having proper knowledge I didn't get that courage for it and many information of scam was on in internet all of that discouraged me. I didn't know much of bitcoin before joining here and this is the forum where most crypto professionals are that will help when you have investment challenges in bitcoin or altcoins. I believe that the time that has past will be regained with focus.
educate yourself and you won't be scared of this market. i guess, that's the lacking factor of most non-crypto users. they are afraid of something they don't know about. but once you start learning, you won't have that doubt anymore as you know what to do in this market to avoid potential losses.
Most times, it takes extra efforts to push to want to know more about a new stuff and I font know of your countries but when I first heard of bitcoin, I thought it was one of those random pnzi scheme and people who are from my country will understand that as at 2018 or there about, the international space was full of ponzi scheme and at such it wasn't a safe place as at then not for fainted hearts like mine because I was battling with finance and wasn't ready to risk any form of money.
Whatever the case might be, one of the reasons why people are still feeling reluctant to join the cryptocurrency train is possibly because of some false stories about which might have driven fear into their hearts.
Many people do not understand the basics and working principles of Bitcoin, which may lead to distrust and caution towards cryptocurrencies.
The cryptocurrency market is very volatile and prices can rise or fall significantly within a short period of time. People worry that their investments are at risk.
The cryptocurrency market is very volatile and prices can rise or fall significantly within a short period of time. People worry that their investments are at risk.
People want to earn in cryptocurrency but they don't want to risk their money they are thinking that crypto is a safe haven for money but they do know the possible risk you need to cater for to make sure those are capable to reach out.
If this is their fear better too. make sure to educate themselves first with the crypto itself so they know the possibilities to earn and to lose.
If you want to make your time more worth it in sharing give those knowledge to people who are interested only.
If this is their fear better too. make sure to educate themselves first with the crypto itself so they know the possibilities to earn and to lose.
If you want to make your time more worth it in sharing give those knowledge to people who are interested only.
Ignorance is one of the major problems why people don't invest in Cryptocurrency, making people do not understand how to buy and sell in the crypto world, a good number of people lack this understanding and they claim it is insecure to invest into.
There are many reasons why ignorance becomes a serious problem. Not everywhere people are familiar with digital investment, some people even aren't familiar with the internet yet. For these people, surely they assume crypto is something too risky and they may not believe that it can gain money for them. So, we can understand if they are not involved in crypto. In addition, I think people still have a lack of understanding about crypto due to their old habits, not everyone has the ability to follow the innovation. Most of them are old people, they only believe in something that they often do in daily life. They are against something new, especially for digital matters. I saw there are many old people with this personality in my town.
You have that all OP and what is happening around, from what they have heard in the news, rumors spread and reported scam exchanges, the more it influence their mind to think of not embracing crypto into their lives but rather remain on fiat. I would say that crypto is only for risk-takers, and we know that no all people have this kind of behavior, many are preferred to play safe despite knowing that risk-takers win more. No matter how we convince these kind of mindset, it seems not effective as they believe what it right for them.
One of the major reasons I didn't get into crypto earlier was because of the fear of being scammed and most times I try my best not to get to regret them because there is nothing I can actually do to change the last and some other time, I also wish I can go back to time to buy bitcoin even it was still on pre-sale but you know as they always say that you can't eat your cake and have it back.
I also have that fear in bitcoin business at the time I hear about it because I was told you can lose your investment if the price drop and so without having proper knowledge I didn't get that courage for it and many information of scam was on in internet all of that discouraged me. I didn't know much of bitcoin before joining here and this is the forum where most crypto professionals are that will help when you have investment challenges in bitcoin or altcoins. I believe that the time that has past will be regained with focus.
educate yourself and you won't be scared of this market. i guess, that's the lacking factor of most non-crypto users. they are afraid of something they don't know about. but once you start learning, you won't have that doubt anymore as you know what to do in this market to avoid potential losses.
One of the major reasons I didn't get into crypto earlier was because of the fear of being scammed and most times I try my best not to get to regret them because there is nothing I can actually do to change the last and some other time, I also wish I can go back to time to buy bitcoin even it was still on pre-sale but you know as they always say that you can't eat your cake and have it back.
I also have that fear in bitcoin business at the time I hear about it because I was told you can lose your investment if the price drop and so without having proper knowledge I didn't get that courage for it and many information of scam was on in internet all of that discouraged me. I didn't know much of bitcoin before joining here and this is the forum where most crypto professionals are that will help when you have investment challenges in bitcoin or altcoins. I believe that the time that has past will be regained with focus.
Like we all know, Bitcoin is a new kind of digital asset that's gaining popularity every day and many people are sceptical before investing in it and there's a lack of understanding of the digital asset which is over a decade old. Cryptocurrence is a buzzword that is used by several financial companies who do not give extreme lecture to their customers and users.
Cryptocurrence is actually one of the most volatile investment in the world and the main reason it is volatile is because it's tradew 24/7 that's to say it faster than any other market and it might take more than a year for a stock market to do that kind of trading crypto do in less than a month.
The price fluctuation in crypto also steep and the best example is that of 2017 when it rose from $1000 to $20000 but in mid 2018 it fell rapidly to $5000, that's to say is not stable, just going up and down when you least expected.
With all being said, it doesn't mean you should be scared of investing because investors have already started using crypto to their advantage by understanding the nuances of the market. Is just best to understand and have a plan on what you're getting into.
Cryptocurrence is actually one of the most volatile investment in the world and the main reason it is volatile is because it's tradew 24/7 that's to say it faster than any other market and it might take more than a year for a stock market to do that kind of trading crypto do in less than a month.
The price fluctuation in crypto also steep and the best example is that of 2017 when it rose from $1000 to $20000 but in mid 2018 it fell rapidly to $5000, that's to say is not stable, just going up and down when you least expected.
With all being said, it doesn't mean you should be scared of investing because investors have already started using crypto to their advantage by understanding the nuances of the market. Is just best to understand and have a plan on what you're getting into.
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I have seen others who really want's to know about crypto while their friends are into crypto and they are not, sometimes they don't want to teach their friends for a reason that they would earn better or more
I don't believe people feel there friends will do better than them that's why they're not teaching them how to go about the cryptocurency industry but they don't introduced them because they're trying to avoid been accused of scamming them because when things go bad, people are too quick to blame people that introduced them to the opportunity but fail to acknowledge those that introduced the opportunity that they succeeded from. What I feel make people to hesitate investing on Bitcoin is because people that have the finances to spare.
Another thing is because of the reputation that the industry has to the general public. Many people know Bitcoin for been a scam coins used by scammers and hackers. Also people who are looking for quick richest are what the industry is associated with and people tend to stay away from this type of business due to the ugly experience they had with similar projects in the past. Misinformation is among what is making people hesitate their involvement in the industry and they need enlightenment or such misinformation will keep on spreading.
I feel like it's not just about those things. For me, they are just not interested. Even if you're hesitant to enter crypto because of fear, lack of money, and knowledge, you will still try to learn about it IF YOU ARE REALLY INTERESTED. Even if you can't invest right away, you can still use the time to learn and discover more about crypto. However, most people who don't want to do that or exert effort in learning are just not completely interested. They would just say that they are scared, it's a scam, and other excuses cause we all know that we can avoid getting scammed if we are aware and careful. It can be learned. It's also normal to be scared at first but they just don't want to.
- Scam - When i first told my friends about crypto they ignored me and say its a scam
- Fear - since they thought crypto is a big scam, they fear they will just waste their time, and money investing and then wipeout after
- lack of knowledge - since they don't have knowledge and they sometimes think it will be hard to learn, they loose interest in it, but in reality with lots of information over the web and with bitcointalk its really easy to learn something about crypto
Crypto is indeed scam in some cases but if you talk about Bitcoin then it isn't a scam to begin with as you have known that it is the number one crypto. Being afraid of crypto is good to avoid losing money that you can't afford to lose. Lacking knowledge is not a big problem where you don't have to do anything at all until you are knowledgeable enough to start what you are aiming. Mentoring doesn't mean you always need help from others because not all will help you or they won't teach you everything if you are taught by someone you know personally unless you are learning here in the forum.
These are the things that make people hesitant to learn and start in cryptocurrency:
In summary to all that you have mentioned above, I will say that the main reason why people are hesitant to start in crypto is their inability to take action, because only if they are willing to take actions, they will all get to understand that their is nothing to fear about Bitcoin, that it's not a scam and one don't need to be an expert before owing your first Bitcoin, as you can always possibly start by buying the amount you can always afford to lose if in case the market doesn't go as planned.[/list] - Scam - When i first told my friends about crypto they ignored me and say its a scam
- Fear - since they thought crypto is a big scam, they fear they will just waste their time, and money investing and then wipeout after
- lack of knowledge - since they don't have knowledge and they sometimes think it will be hard to learn, they loose interest in it, but in reality with lots of information over the web and with bitcointalk its really easy to learn something about crypto
- Mentoring - Although others don't need help from others some are don't have the courage to start on their own and need others to guide them although as i said,
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