Topic: Few reasons why people are hesitant to buy or HODL bitcoin/Crypto - page 3. (Read 312 times)

I think restrictions from the government and regulation about bitcoin possibility will banned one day later is not an acceptable reason have hesitant for investing or holding bitcoin. Did you memorize how many time China banned bitcoin and not allowed regulation in their country but bitcoin price keep strong and raise to higher price. Bitcoin not controlling by individual only but also have community and many investors hold their bitcoin assets and not worry when making FUD by some country with their regulation banned as cryptocurrency assets or payment currency transaction. But have to change with mindset when investing in bitcoin is not faster way for earning profitable, need time and progress for bitcoin raise up day by day without instant way how influencer promotion.

4. Afraid on being scammed, whenever they do see something new and havent done their proper research then they would really be commonly having this first impression but later on on which they would really be able
  to realize that they were wrong on the time that they do make their research.

5. No idea, no knowledge, not being aware, no clue about investment matters.

6. They arent that emotionally and psychologically prepared or cant really be able to take up that risks.

For whatever reasons lacking then it would really be just that normal that people would really be having those kind of hesitance specially on things that they are just newly been that able to meet up or
something that it is really that new into their eyes. So impressions would really be common specially to those who do have that zero knowledge.

When one is expected to consider the risks of investing in bitcoin - then points about regulation and potential trading bans should also be included. The government can easily change its regulations on bitcoin - meaning you don't have to put 100% of your investment budget into bitcoin without diversifying.

After all, no one is advising you to invest if your country's government doesn't legalize bitcoin trading or investing - but you should still consider the risks even if your government strictly regulates bitcoin. The point is to keep investing as much as you can afford to lose - that's good advice to consider.

If you want to be an investor – then you must have a budget that you can invest. Forums allow users to earn additional income - but you don't need to focus on earning your budget just from forums. Set aside your income each month differently if you want to invest - but you don't need to force it and just set aside as much as you can afford.

You can apply useful investment strategies as the best way to accumulate whenever you have a budget. DCA is the one I mean - but you can also buy a lump sum as long as you are sure that you are buying at the right time.

Bitcoin is unregulated and even banned in some countries. Despite that, People from that country still buy and hold Bitcoin. Bitcoin was created to provide this kind of financial freedom that the government will not be able to control. It can be risky and put you into jail but this is not impossible so bitcoin is a challenge for the government.


A full-time freelance job can put you under more stress. An 8-hour working job ensures your financial security, enough time to relaxing your body and provides you the chance to spend time with your family. Some think freelancer get more freedom than someone who is doing a full time job. I think its the opposite because freelancing breeds fear and uncertainty. You will be slave of your fear due to the constant need to find new work.


If you wanted to hold for a extended period then start buying as soon as you make the decision. However don't forget to use DCA tactics to accumulate rather than making a single trade. Consistency and patience can give you a better result when waiting for the dip can cause missed opportunities.

I believe this time it won't take 5 years to earn some good profits from Bitcoin holding. Since we all know that the next halving event will take place in 6-7 months from now and after that event the pre-bull run may start and within 1-2 years from the date of halving we can expect another all time high. So by keeping that thing in our mind we can safely say that 2 years is going to be enough time on holding for most people who want to earn some good profits from Bitcoin investment.

However, I still agree with you with that long term investment point. Those who can hold their Bitcoin investment for 1 decade or two can earn substantial profits from their investment.

First Bitcoin shouldn't be taken as a guaranteed short term profits investment, since Bitcoin is a highly volatile asset and pricing not guarantee to continue in a particular direction, so Bitcoin should be best taken as a long term investment that is why most Bitcoin holder take Bitcoin hodling as a long term journey and to achieve a successful hodling you need to allocate a 5 year holding plans before you set out for it.


One of the most important thing to do also is to make sure to have gather enough knowledge on hiw best to hodle Bitcoin and when to open a buy position to avoid jumping on while the price of Bitcoin is high.

This is very important. But people should understand what that dip is. Bitcoin fell to $15500 already last year and some people may not know that they are still buying the dip at $26000. Anyone that is buying bitcoin now are buying the dip. Some people may buy and the price may start to fall, they should not panic but hold.

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.