Topic: Factors that's why others are hesitant to start in crypto (Read 708 times)

All work requires work tools, let alone this crypto world. as you mentioned above, but there is a main factor that is very dominant when working is the availability of an adequate internet network, and sometimes a person has to travel several Km from where he lives to a place that has a quality network. new comfortable to go online and work.[/list]

I think from all these factors, scam which is very rampant these days makes the most reason why a lot of people never care to start with crypto. Aside from their limited knowledge about crypto, the risk of losing their money from getting scam is high so they decided to just never deal with crypto particularly with bitcoin since it’s known for its get-rich-quick scheme that mostly people believe. While others have taken some courage to explore and invest in crypto, the rest chose to stay hesitant because of their wrong accusation on crypto and bitcoin.

What we can expect from old people than to stick with what they are used doing, and that resorting into changes may only make them struggle. However, for this new generation, exploring the new innovation is their favorite habit that’s why they easily perceive the idea of digital cryptocurrency and even take risk investing in it. But for those who stay ignorant and refuse to get education on crypto, then they will forever hesitant to invest in crypto.

You are absolutely right, that's the first thing that is always spoken on the lips of the average person who doesn't understand..ah. it's a scam so it make Contributing to Hesitation in Adoption. Yes. The cryptocurrency market has always been associated and scapegoated with the attributes of scams and fraudulent schemes, which have caused significant financial loss for some individuals as well as created a feeling of skepticism and distrust. But, those who already understand just smile 

If we think negatively already, that will pollute our minds and then think it was totally a scam thing. And that was hard to change and these people will spread FUDs and fake news to those who are asking them. That is why we don't have to wonder that the adoption is quite low and many individuals are got into uncertainties because of the lack of experience and knowledge.

Well, of course, due to the growing number of shitcoins or scam projects, you will somehow be cautious as you might get caught by these scammers.

Fear and scam is two in 1, the reason why some people are not in crypto yet is because they fear of losing money to scam projects, and they also don't know where to start, instead of taking the step to do research, they look for someone they can follow, and if the person they are following are scammers, they end up becoming a victim and the next thing that will come out of their mouth is crypto is scam.


Truth is, some people just presume that crypto generally is scam and they are not ready to view crypto from another angle, maybe they could be wrong, if you are the type that views things from different angles you are a wise one.

It's on us who understand what crypto is all about to start correcting those that just consider that crypto is generally a scam.

Based on my observation, a number of people seem to hold back from investing in cryptocurrency due to the dearth of knowledge coupled with the dread of financial loss. Fortunately, there is a strategy to avert these risks. By seeking knowledge. The wider your comprehension of cryptocurrency, the better decisions you can make. This is probably one of the most important things when investing in anything, and it applies to cryptocurrencies too.

I was in that position too. I didn't understand anything at first. I don't understand many things even today. But I learn something new every day. As for the investment, I'm still cautious. I don't have a lot of money, so I spend every dollar carefully. Here I learned that DCA is by all accounts the best investment method for beginners, so every month I set aside a portion of my income and invest in crypto. So far I'm happy with the result.

This topic is Interesting and we need to examine why many people may still hesitate to start in crypto. It is important to note that with the potential for higher returns comes higher risk, and individuals should carefully consider their risk tolerance and investment strategy before entering the crypto market. For example, in terms of education, at least a novice trader must be able to read the market. Always have a Stop-loss, Don't Revenge. And conversely for a bearish structure, selling resistance.

Humanity has always been afraid of the unknown. Bitcoin is also an unknown for many beginners like me. That's why I agree with you. If it was more simple to explain and learn, beginners would move more quickly. There are even people who talk about Bitcoin all the time but still haven't invested.

...but I couldn't decipher your points generally... Are you actually saying that the major factors you need to Begin a crypto line would actually be the same reasons why you shouldn't?? I don't get. How would anyone exclude the fact that he needs income to Begin HODLing crypto??
Secondly, you listed "fear" and "scam" as a major criteria that daunts people from beginning... Good,.- has anything ever been done with much certainly in life without getting involved in a little risk at all?? How would you ever think of breaking the bond of poverty when you ain't even ready to try something new?? Lastly, you speak about the lack of knowledge as being another problem... Please take note, cryptocurrencies weren't introduced for everyone's approbation.

Sandra 🧑‍🦰

In my opinion, there are still many people who are unsure or don't know cryptocurrency because cryptocurrency is still relatively new.
Next, knowledge of cryptocurrencies is still considered "special", meaning that many people say that if you want to enter the crypto world, you must have good technology knowledge.
limited education or knowledge or people who teach cryptocurrencies and lastly are the many cases of fraud that cause many people to doubt it.

And to all of that, add FUD. The fear doesn't only come from the unknown; it comes from the brainwashing of the media. Just take a look at the Bitcoin obituaries, it's hilarious. Someone who's no idea of what to do with their money, would avoid being included in all that madness.

Basically that. Fear. Money and resources are cheap excuses. Let alone "mentoring", lol.

Most particularly for those living in ages, they find it hard coping up with changes and so they just settle on what they feel more comfortable to. And for me that’s never a problem as long as they are already contented living their own life. However, there’s always chances to improve and be more susceptible to success and profits if they still aim for life’s progress by making theirselves equipped with new innovations and embrace new knowledge and set of skills. Ignorance excuses no one, and so everyone is still capable to learn more and grow. And with crypto around, I know it’s certainly a good start for all of us.

In my opinion, there are a few key factors that make some people hesitant to start in crypto. Firstly, the complex and technical nature of cryptocurrencies can be overwhelming and intimidating for newcomers. Also, where I come from, people are more used to investing in traditional financial instruments like stocks, bonds, and real estate.Cryptocurrencies are still relatively new and unfamiliar to many, which adds to the hesitation.


Yes. It can indeed be advantageous if people understand how it works. But I think volatility can be more favorable for traders who actively engage in short-term buying and selling. On the other hand, long-term investors who don't actively trade might find the high volatility of cryptocurrencies to be challenging.

Not only about less knowledge of understanding Bitcoin principles and crypto market, but people are also afraid because they hear too many FUDs. It leads people to distrust BTC or crypto as a whole. Unfortunately, many people are lazy, they don't do their own research about the facts. If they do own research, they must know that many FUDs are just created to make people stay away from crypto. This indicates that there are still many people who have low awareness and curiosity about the issue analysis.

Regarding volatility, it is actually an advantage if people understand it. With the high volatility, Bitcoin and altcoin prices can rise significantly, even it skyrockets in a short time. But it is also a big risk if people choose the wrong time for entry (buying). So, to deal with this, people must have sufficient knowledge.

That’s for those who are not completely aware on the future of bitcoin. Instead of taking the edge in bitcoin and accumulate a lot while it’s affordable, most of them chose to reject the idea of bitcoin investment because they are not ready to take the risk and they are not ready to incur losses, when in fact those who do not lose at first won’t make it big in any of their investment attempt or endeavor.

Well, it could be true but certainly for few people only. Because if you are given the chances to invest in bitcoin and you have all the means to do that, then why not take the risk? I think one thing that stops them from doing so is that they are afraid to take the risk, they are afraid to suffer losses. The reason why they chose to be contented of what they currently have, as long as they have their own stable jobs that will help them earn a living.

Aside from the given list, another reason why others are hesitant to start in crypto is due to the complexity of the technology for the user to understand.  They are confused with technical terms and technical process on creating wallet, sending and receiving transaction and securing their wallet.  Many are afraid that they might commit an error and lost their fund.  

Another thing is the uncertain future of cryptocurrency.  Since some government are on neutral stance, investors are hesitant to start because they don't know whether the government will acknowledge cryptocurrency or deny them and worst ban the use of it in the country.  Aside from the lack of government acknowledgement, investors hesitant because they don't know whether cryptocurrency is here to stay.

It could be somehow correlated to fear since people do not start with crypto knowing bitcoin is being banned in their country and that they are afraid to get caught by the government and put them in jail. And once it’s banned, it’s considered illegal so if you are a law abiding citizen, you would not want to enter into crypto and become the target of the government as being disrespectful to the country’s rules and policies.

The thing in my opinion that makes people hesitant to invest in cryptocurrency is the fear of being scammed. No other. So even when they meet their friends for advice on which coin to invest in, what they are saying in essence is that "please help me make the right investment decision. I am afraid of getting scammed." This is especially true for people who want to do debt financing. As read that some students invested in cryptocurrency using their credit cards. One factor that I think is not so common is the government. People who live in regions where the governments are threatening every day to regulate cryptocurrency or ban them outrightly are also hesitant to make any investment.

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.

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.

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.

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.

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.

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.

At some points, it is natural to be scared of what you don't know especially  with regards to investing money and I wouldn't have to blame anyone because ca we especially use this ate natural.
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.

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.

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.

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.

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.

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.

Funny thing is people can be quick to assume that something is a scam when it is not, and these people will easily fall for what is a scam later because of how the people behind scams always package it.

There is always fear whenever you learn a new thing that can be of profit to you, overcoming this fear and not letting it affect your decisions is a responsibility of yours.

If you loose interest in trying to learn about bitcoins because you think it is too difficult for you to learn, you have on your own put a limit to yourself and you will certainly regret it.

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.

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]

These bans and regulations are always a hurdle for Bitcoin and people obviously will take these seriously and think that Bitcoin is something bad if they don't already know much about it. Governments take Bitcoin as a threat to their own benefits that they get by imposing rules and regulations and following the financial activities of their citizens.

But as time goes on, these things will start getting away as more awareness will spread and people will slowly come to know that Bitcoin isn't something bad but it is a useful thing that can be beneficial for them in the long run.

True, that is why I stated fear is a one of the motivating factors why people who are into investment do research, study and strive to be knowledgeable about the investment venture.  Once they learn about cryptocurrency, not only they learn about the advantages but also the risk involved when one decide to engage to such investment. 

Having the knowledge about risks involved, the investor then look for process and possibilities to mitigate risks.  Knowing how to deal with risk will give the investor a better chance of having a profit.

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As for the reason why people are hesitant to start in crypto, I always think it is because of the lack of knowledge or lack of financial capability.  Things like being scammed, need mentor and fear happened because of lack of knowledge.  If we have the knowledge, we can avoid being scammed, or there is no need for mentor, and since we know what we are going through, fear more likely won't happen

I want to add one more point.
Crypto Ban In The Country: Recently in my country Government has banned the Crypto so the people who don't know about crypto, when we deal or try to tell them about crypto they say this is ban so we don't do any illegal work. So we also face this problem in our country.  The social media make panic situation in the people so they don't buy or sell.

What crypto is the first thing you tell your friends so your friends ignore it.
Incorrect delivery could have the potential for people to ignore it because there are so many types of crypto that up to now there are 10,174 types with different strengths.
It is natural and not wrong if there are people who are afraid to start in cryptocurrency because there is no certainty that they will get their money back amidst technological sophistication that makes it easy for people to get updated information, including about cryptocurrency.

It's a different story if the delivery is conveyed clearly about Bitcoin which has been proven to be one of the best cryptos out there among tens of thousands of types of crypto.

What I understood when I started out related to crypto is income.  But indeed from the beginning I have studied, the advantages and disadvantages that I can get. Another problem that makes me feel very confident is that I see real evidence of real results from the person who taught me. He's a good friend of mine and I know he's not going to lie with what he says. He said I manage my own funds with my own account without going through any other party. It also made me believe even more. What is certain is that my desire at that time was strong, I wanted to have another income from my hobby (computer).

Finally I survived until now, Bitcoin Crypto has helped my economy to date. There are some people who start but they don't stick around and eventually leave. One word for sure is desire and intention.   

People can overcome their fear by learning more to understand that crypto is not scary. Once they understand more about crypto, they will see the advantages they can get through crypto by investing.

I just assume that if they don't want to start investing in crypto, it is because of their ignorance and not being able to accept new things. We may have met people like that and let them continue their actions.

And one day, when their minds are open and they can accept Bitcoin or crypto and come to us asking for further explanation, we can help explain it to them. Apart from that, we still cannot force them and fully leave the decision to invest in them.

Have you looked at your signature space while telling us that newbie's only option is to directly invest money to earn cryptocurrency?  Aside from money investment there are other way of earning cryptocurrency.  One can offer his skills by doing freelance job, another one is joining campaigns, you can see many of those in the forum's altcoin bounty or they can offer services in exchange for cryptocurrency as payment.

Although spending money directly is the fastest way to acquire cryptocurrency, the option is not limited to that.


I think fear is also one of the motivating factor of learning.  The fear of losing will push a person to study the venture deeply so that he can avoid it(losing).  I think the more probable reason people don't want to know and learn cryptocurrency is because they are lazy to do it.

I agree that forcing them to follow our lead is not the best move.  We should let them decide for themselves forcing them to do things often times have a bad result.

Money, scam and fear contribute a lot as a major deterrant. Really People don't want to get started because some still think that crypto is a scam and so they want to avoid getting scammed due to various scam news around crypto each day, then while the people that has no fear to start investment or start learning don't have the money or capital to start with even for serious minded persons who are willing to set away fear and learn, money has become a very big challege thus can take people more years to start because some don't have that spare money or money which they can afford to lose to being with.

When I read this, I had totally different thing in mind about the scam but after reading your own, I decided to still share with is in my mind.
People who already got into cryptocurrency who are not careful ends up being scammed in cryptocurrency and if that be a newcomer it might discourage them and they will stop their cryptocurrency journey.
Scam is something that is eminent in the crypto and even here in the forum, there are scammers before scam is not moderated here.[/list]

To be honest, back then I also thought that Bitcoin was a scam, OP other than also an illegal currency used in the dark web since I was curious to the whole dark web thing back when I was a teenager.

Lack of knowledge depends on where you plan to be in crypto. Do you fancy the technical stuffs? I love to program however blockchain programming isn't one of those specialization that I really love to deal with. I am more of web app guy with interest also in dealing with games using Unreal Engine, lol.

For mentoring and resources, considering that these are all virtual, I don't think that many people would aim for mentoring. There are a lot of free resources out there in Youtube. I even learned day trading from a single Youtube channel (ain't gonna mention it at this instance as I ain't promoting any channels, lol).

Here also in my country, although it is just warnings and no bans. Even a single bank in here are allowing crypto transaction, although I think that would be just for a short-term considering how many scams happen using crypto.

Fear and Lack of knowledge are the most important part of crypto that many beginners are facing and because there are many scams in this space people are still feeling unsafe with crypto investment, it's not a place where anything is guaranteed even while it's full of many opportunities.

Crypto is for the strong ones that believes in 'no risk no reward', if you are ready to take some risks you will be find your way in crypto and make some money, but still there are many factors that could cause losses, you need to do your research and make sure that you put your money into projects that worth investing your hard earned money on.

People don't want to know and learn about crypto because there is a fear of stepping into something new that might change for the better. I've met people who didn't want to know new things and to be able to give them a chance to get better. And I also don't force them to follow me because that is a choice.

And I'll leave it entirely up to them when it's a choice. It's their money, they are responsible with their money and we are just giving them information. And if they are not interested or are hesitant to get to know crypto, that is up to them. The important thing is that we have tried to introduce crypto to them.

And the information I gave them was not trading or participating in investment programs but only buying bitcoins regularly every month by setting aside some of the money. But they don't want to and it's their choice.

OP, I might add a few more things from my practical experience here.
Local media in my country very often write negatively about crypto, and often give examples of how someone lost money investing in crypto or was scammed.
Even government financial regulators and banks often send out press releases warning of the dangers of crypto investing.
For the average person without much financial experience and education, these are quite enough reasons to give up investing in crypto.

Due to their experiences with scammers, a lot of people consider any online investment to be a scam.It is not news to us that many people have lost a significant sum of money to scam projects, particularly ponzi schemes. As a result, prospective investors are scared and neglect to learn about cryptocurrencies because they assume they are scams.

The fear of losing will always be larger than the idea of winning if a person doesn't have enough knowledge about cryptocurrency, this will prevent them from investing in it.


Knowledge is very important in anything you may choose to do in this life especially in term of business or investment. I agreed with you that lack of knowledge make some people to loss in interest, but I don't think it main reason for someone to loss interest easily because we are not born with knowledge, so are to acquire it. If we are lack of lack knowledge about anything the best is to do, is do research about such things.

Money is one of the primary reasons why people are put off from investing in the bitcoin sector. It even puts people off from learning because some people don't even have the resources, like as high-quality smartphones and laptops, that would allow them to access the internet.

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.

No true friend should  hide a legit way of earning income from his friend and anyone who does shouldn't be regarded as a friend.
And the only reason I don't feel comfortable  bringing people into the industry is the fact that I might be blamed if anything  goes wrong and if you must come into crypto  through me, then be willing  to accept my disclaimer.

It's completely normal for a person who hears an investment like Bitcoin for the first time to think that it's a scam. TBH, I'm like them when I was a newbie. I also think that Bitcoin is a scam for some reasons, but after learning it, and researching, I realized that I was wrong, and it wasn't a scam. Your friends might need to make some research as well, or just let them be, and ignore them as well, or better if you don't open anything crypto-related to them.

That's why we have this forum. That's why we have Youtube. That's why we have different websites where we can learn crypto. There are many ways already for a newbie to learn about crypto online. What they only need is time to do it, and the eagerness to learn it. It's already a good thing that we have an access to these information, and it's free take note.

I always believe that having a mentor will shorten your learning curve, and you will learn faster if you have a mentor that will help you. Though like you said that there are some who prefer self-studying, I still thing that having a mentor is a good thing. When I'm starting, I didn't have any mentors at all, and the only thing that helped me is this forum, and Youtube. I learned a lot from these 2 websites, and I didn't have a mentor that's why it took me longer time to learn.

These 2 are somewhat correlated with each other.
In order for you to make money, you need some resources.

You said it already that there are many ways to earn money online, and these money can be used to buy the resources that they need if they really want to use cryptocurrencies. Like I said, if somebody really wants to learn it, they will do everything just to have it, and that's include saving some of their money to buy a laptop, or a phone etc.

Mentioning money as a factor why people delay their motives of investing into cryptocurrency is quite true, but that doesn't stop anyone if they're determined to exhaust energy and work to get bitcoin. When money is the barrier, energy is always there to make space for more opportunities. All over many marketplaces, people offer services for bitcoin and that's a good way to start investing into cryptocurrency. So, in a way, money shouldn't be the reason why a person won't invest into cryptocurrency. However, plenty of money is required to get high profits and loss in the market, yet starting from somewhere is better than ignoring the investment entirely despite being interested in the market.

As long as there's money I don't think any of these factors would hinder anyone from starting crypto.

SCAM and FEAR are literally the same thing, you just separated them to make your thread longer. The fear of being scammed can be overlooked with enough funds it's a known fact. That's a known fact

RESOURCES: you mentioned laptop and mobile devices which can be bought with money. I'm not gon talk much on this, you get where I'm driving at.

LACK OF KNOWLEDGE and MENTORING: Again two similar points that could've been folded into one point, but you felt that separating them would make your thread longer.

There are legit crypto classes out there that one can register under. Yes they might cost you money, but that's where the funds come in.

They main factor hindering people from engaging in crypto is the lack of funds and ignorance. .

Fear is an emotion that if you use it well, you will make profits, and if you misuse it, you will end up losing your money. Fear and greed are linked and it is difficult to separate them, so you will need a little of this and a little of this to make reasonable profits.

The real problem that I see is a lack of knowledge. Fear disappears as soon as you start the first trade, and cheating ends with knowledge, but not continuing to acquire knowledge and trying to be on a permanent coating is the long-term problem.

Investing also means that you do not invest the money you need to pay expenses or feed your family, otherwise you are risking their future.

It is not only in the crypto industry, there have been a high rate of scam in almost all the sectors of the economy. But the crypto industry has a fair share of these criminal activities with the uncontrollable creation of many shitcoins and unreliable exchanges. But there are also genuine crypto platforms that have been steady for many years. But when you start to reap from your patients and confidence in bitcoin, they might be convinced of its genuineness.


Investing or believing in Bitcoin is not for everybody. Some people are chicken-hearted and can not take business risks. At least we know that Bitcoin has not disappointed since its creation. Business is risky and only the brave can invest in Bitcoin because there will always be fearful speculations and many distractions.

This is a slothful man's excuse. Everybody should do their research and learn about the sector they want to invest in. There are so many educational materials about Bitcoin on this forum and some other reliable websites or ebooks. So this shouldn't be an excuse because they can always access vital information.


Investment decisions are personal. After you have gotten enough information about a sector, it is your responsibility to choose to invest or abstain. Mentors will only counsel and guide you but they will not force you to invest. This is because you will blame them if something goes wrong.


The beauty of Bitcoin is that you can start with what you have. You don't need to take a loan to start investing in the sector. And it is also not a full-time venture. So one can always get a job and use this sector as a side job.

Electronic or communication devices are expensive but there are also cheaper options. Renting a laptop or phone is not advisable because it could be risky and expensive. My advice is that people should take their time and save money and  get a cheap but functional secondhand device.

Yes most crypto are scam and I don't blame for friends for saying this because they might have met someone who invested on altcoins and ended up losing all his money. You should be specific with the crptocurrency. When talking to people about crypto tell them bitcoin because bitcoin is the only cryptocurrency that you can trust on.

This has been a big problem on bitcoin adoption, this is the reason why Satoshi created this forum so that people with no knowledge on bitcoin can learn from experts here.
 
Many of us in this forum have introduced people here to have knowledge and guidance on their bitcoin journey and I will advice you to introduce those your friends that are scared of investing to the forum,so that they can be encouraged and guided on how to go with their investment.

There is no way a newbie will have bitcoin if he doesn't buy with his funds or render service and get paid with bitcoin. It is only in this forum that I know it is possible through signature campaigns. If they are not a member of this forum how will it be possible for them to have bitcoin without investing. Bitcoin investment is like every other investment that you must have a capital to start with.

You don't need a laptop to start your bitcoin journey. A simple android phone can access the internet like any other expensive andriod phone. Anybody that don't have money to buy an android phone should forget about bitcoin investment. He should get an android phone first before he can think of investing because bitcoin investment needs steady monitoring and researches online. If you can't purchase a phone,how will you be able to invest in bitcoin ?.

Scam is everywhere, not only in cryptocurrency but every aspect in life there's scam taking place, name it, is it in politics, businesses, government, NGOs, and other areas of life, but what are the measures that we take as an individual against these occurrences.


This fear has gone wide to an extent that people hardly believe in anything new again just because they were afraid of missing out, maybe they have fall a victim of scam or just gave this timid spirit of inferiority with fear, they are the kinds that easily fear to take risk or try out on new development and they often remain on the same spot for long.

Everyone today has fone through the process in learning more about new things they come across with in life, laziness and relunctancy is what affects most people from learning new things because they don't see the possibility of them achieving it or creating enough time to achieve it with all that it demand.

First why is your definition of Crypto-currency has to do with money and earning, this is the reason why your friends you mentioned always think in the direction you listed, (scam,  fear and little money to start) I think this attitude from those who aren't yet into crypto-currency comes from the way they are told about crypto-currency .

Was I can say is that you guys are all business men looking for the next business to make profits but this not wrong and the fact a business man doesn't want to you overtake him too is also not wrong and it's part of the business competition.

Next time try to channel the way you tell people about Crypto-currency try to give them a broad picture of what it's all about, and let them decide if they also want to invest in crypto-currency.

Yeah I agree, getting your loved ones to invest in cryptos can be risky. You always think you know people, until one day it's about big money. People change when the money runs out, or when things goes wrong.

I invested in mining equipment with some people I knew (not closed friends), but from that moment on, I considered them as associates and not as friends. I think you always have to keep a social distance from people you do business with, and you can't do that with friends. That's why I don't talk about money with my friends.


Yeah, on a very small scale, unless your friends are billionaires and ready to invest tons of money. And in general, very wealthy people doesn't need advices from friends to make more money 

So true, this was my story, I was once like this until some people I used to carry along lose some money and they put the whole blame on my head, I felt so bad and I promised myself to never repeat such again, today I am very careful telling friends about a project that I want to invest money into, if I lose my money it's my money and I like it this way than other people losing their money because of me.

You arose good points and the interesting thing is, when i was new to the crypto industry, all of these factors were in my mind. Like, let me tell you how?
I have Less knowledge about crypto so i started to search for ways to earn crypto,(first mistake) because to earn crypto i would have to search and learn crypto. Well, i did not learn it first and directly searched to earn free crypto because i don't have so-called "Money" so, Well, i found some faucets and free mining sites (server-based). Well, in 2018 i spent a hell lot of time on them and i have no "Mentor" and have "fewer resources". So, after wasting some time on many websites i came to understand there is no way to earn a bundle of cash in crypto for free. like we at least have a big amount of following so that we can earn from referral systems in faucets. Well, i then left it by the fear of wasting more time and getting more scammed.
That's one of the many reasons but the most common one i have seen in my reality as well on this platform is, the one who has been asked by his friends to teach them crypto and try to think from the start. Like, i had a friend who was doing drop shipping and i knew drop shipping is a shit load of work and he has to spend a hell lot of time on it. So, in 2022, i told him about my first trades in crypto (yes i am also a pro learner). he insisted me to teach him well i said first let me get some grip then i will, well, after that i realized i am not capable of teaching him and he still regards me as an experienced one because he says you are the only one in my zone having more experience than me in crypto so i have to ask you only. Well, my try was always that he has many other options in his life that he can choose from and can become something more than a trader because he has a progressive mind of an entrepreneur and i know he will achieve something in his life, why i would help him to stick to this platform for the sake of money while he can do other innovations which help him to make life easier. Well, still, i am afraid to teach anyone about it because i think they could achieve more. But for myself ( people with my mentality) i don't hesitate to tell them about crypto so at least they could start making a living on their own.

I think people fear what they do not know nor understand. That’s how it is. Same with bitcoin, there are a lot of things people do not understand and their thoughts and reasoning would be to best stay away from those things. I wouldn’t blame them. The unknown can also be scary and dangerous.
 
I think people are rightly hesitant to want to talk to other people about bitcoin and crypto in general. It’s crazy what people can do when things don’t go as they had expected.
People think bitcoin to be a scam because they actually don’t know a thing about it. They just hear and absorb trash from other trash talkers without actually trying to find things out for themselves. These people form their opinions from other people biased thoughts.

Incorrect, someone don't want to teach his friends because he worried if his friends will blame him after his friends invest in cryptocurrency. Or his friend will ask money because they know you're making a lot profit from the crypto you told to them before.

Actually teach friends to invest in crypto will make you earn more because the demand of the coin is increase (in case he buy it).

And that's why we are in this community, we learn and at the same time shares our experienced with all of the newbies. If they ask, and if they are sincere then they can stay in the crypto world for as long as they can and maybe one day made them self made millionaires.

The problem with newbies though is that they think that crypto is a get rich quick scheme. It's not that they are afraid of scams or there are not mentors. It's that idea that they can earn money big money very fast. And that is the wrong mindset in the beginning and that's where I believed that once they got into crypto they stay away for good because their mindset is not right from the start.

Let me point out one very important point among the points you listed which is about the importance of money to a newbie, there is no way a newbie will earn money from cryptocurrency without the direct investment of money because there is no longer free money anywhere so no one is going ditch out money to a newbie unless their earn it or buy and hold only in exceptional cases you see newbie be earning money without directly investing which is that the newbie will have marketable skills and render service in that regard to get paid with bitcoin.
So even if the newbie doesn't invest money directly,  he will have to invest time and effort in providing such services to get paid for it, that is why marketable knowledge/digital skills are very important.

These are the things that make people hesitant to learn and start in cryptocurrency:

• 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, bitcointalk is the way to go, but someone should point them to this site for them to realize that
• Money - Although money is important they thought that the only way to earn in crypto is to have money to invest, but there is lots of things how to earn without money
• Resources - some have laptop mobile phones, internet but others only have to rent, that is why they have less time go online and check what is going on, but if you are like this, don't stop, even though not daily but try to go online if you have time.

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
As a person who is new to crypto i have experience this things in the list, until i have tried it, and overcoming those, my advice is don't be afraid and start, because sometimes no one will help you, but yourself, have the courages to push yourself and start now, before its too late, and one more thing share your knowledge to others ,no one can steal it from you, but it will be better if everyone will have knowledge that they can use and share also at the same time, like what is going on in this forum sharing what they know will make crypto more popular.