Is the fear of crypto-currencies legit? - page 3.

Lexurdania

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

If they already invest in crypto, they should be not afraid in this market. Every people when investing their money, they should already make research. I am believe this crypto will growing more bigger than now, what we need is a patience

zhea

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

You can be scared in crypto if you don't know how it works and what is the risk when you invest in it. Acquiring more knowledge and education about crypto helps you eradicate the fear you have and instead of fear it will be replaced with the enthusiasm to invest since you know how to work around to gain profit.

Dondont

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Yes of, course. this virtual currencies actually have the weakness at some point, especially at its security, from a years before till now if you search for Bitcoin or Markets hack, it will comes with many news (of course from different market) which is, it means that people's money on the exchanger/market is still vulnerable

transformt

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This is the choice of each and every person who starts investing into a cryptocurrency understands the risks associated with the fact that he can simply lose all his money

JealousCup

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Quote from: team87 on November 13, 2018, 05:15:11 PM

I don't think that should be the case, fraud is caused by irresponsible people and that shouldn't happen in cryptocurrency. Until now there are still many who believe that crypto or bitcoin is the choice of many people for the future.

Meanwhile, many fake crypto apps are available in the Google App store and despite the fact they've been reported, Google still hasn't done much about the problem. What you think about that?

bling-bling

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Having fear is normal especially when we engage into something new and we do not fully understand. But fear is temporary. Fear means 'False Expectations Appearing Real.' We often times fear things we do not know. But that's the thing! Why not initiate knowing what needs to be known and find out if there is really something to fear about? Coz that's the only way to overcome our fears.

mapsi

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Yes that fear is legit because there are too many scammers and hackers in cryptoworld. New and unexperienced investors can lose their money in crypto now. Because of bear market people always trying to steal some money from other people and it is getting worse day by day. New investors have to learn about safety before doing any investment in crypto market.

rabinot

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I believe that a cryptocurrency should exist, but definitely we must start it somehow

irenegaming

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Of course, I don't know how long you've been in the market, but the fear and horror stories are quite real, many people have lost everything or have won everything here, it's quite risky to invest in this market, at least in the way you need to do to earn money, in terms of scams, now are much less common because people are more informed, but there are always mistakes that make them fall into such traps.

JealousCup

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Quote from: MiguelCryptoss on November 13, 2018, 05:22:07 PM

Fear of what? that the cryptocurrency will one day go into extinction? i don't believe such fanacy mate. The major problem that i currently observe in cryptocurrencies is the legitimacy of those projects intended to be good investment for the investors but turn out to be scam to the investors. The investors fear is valid because of the ongoing scam project almost every were.

Fear of what you asked? Fear of what happened today with crypto-currencies losing around 15% of their value in the stock market. True enough, no financial asset is exempt from fluctuations but today was just a dark day for Bitcoin and Cie.

kiryamikronov

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Some are afraid, some lose money, others begin to invest, and the fourth consistently earn money. Here many people have many opinions. Cryptocurrency and there is a fact, and people choose to invest or simply to observe.

Mianae

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No one is scamming anyone. The only time people get scammed is when they don't follow the right way of investing. The exchange are there, you can always purchase any coin you wish to from the exchange.

Aragorn_125

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Fear is normal, but when you begin to plunge into all the processes and think about certain actions, you simply forget about it. The main thing is to make the first step and the right one.

laoou

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This is a very good phenomenon, which shows that investors are rational. When the confidential currency market recovers, a large number of investors will return to the cryptocurrency market again. Fear of being cheated is the idea of most investors.

CreamIce

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

From a beginner's point of view, its quite scary honestly. I always try to be 100% sure and thorough research before investing. Even if there's a slight doubt I wouldn't go for it no matter how it looks or what people say. You can't almost always do the right thing but you learn with time and experience.
Giving up on the future isn't really a good idea.

MBMauL

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Quote from: payjoe93 on November 13, 2018, 11:47:12 PM

Experience Investor should know.. That is a risk of investment.. If do not know about investing or just new in investing world, they should fear..

I also have a fear of risk should I receive on my initial investment. but after learning experience in this investment, I don't feel the doubt though with great risk.

ci1990

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People are scared due to the famous volatility of the market. However the market has been stable last few weeks. Volatility can get you huge gains or huge losses. That totally depends on your level of experience and knowledge. If you DYOR and really learn about market cycles and dynamics, then you can't go wrong. Imagine investing now when every coin is almost at the dip and then waiting for 2-3 years to collect your profits. Do you still believe in 2-3 years crypto market cap will be less than a trillion ? I don't think so, it will be at least 1 trillion. Thus now is a good time to invest.

Nggedebus

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

I think that is natural for them to be afraid on being scammed. Lately the amount of scam project increase significantly.
I really hope it could be controlled, so the trust of investors could be restored.

payjoe93

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Experience Investor should know.. That is a risk of investment.. If do not know about investing or just new in investing world, they should fear..

Efta321

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I think back to myself. if I myself feel afraid of investing, I just need to invest partially to find out whether this is fraud or not.

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