Topic: Reasons why regular people are afraid to invest in Crypto - page 16. (Read 2799 times)
Because they are afraid to see their money fall, they are happy when the altcoin price rises and scare when it goes down. Like the ICO now, ICO in 2017 gives them a lot of profit and they say the ICO is great. But now that the ICO is no longer the same, its price drops after the ICO says it is scam
Most people on the planet all their lives believe that the only kind of investment is to invest in a bank! They have been taught this all their life! And everything else is a big risk, and only very smart people know how to invest and earn money on it! Therefore, when whales make money on it, then it will be accessible to people, but it will be too late ....
I am sure that cryptocurrency is the future, just for more people to invest in it and use it you just need time. A time when people will understand what cryptocurrency is and how to use it . While that is the time that not all people and credit cards are
The reasons that so many people are afraid to invest in cryptocurrencies is because they know that when they invest in the coins there is a lot of risk that they are going to lose their money when the price of the coin starts falling.They do not understand the coins and they think that they are going to lose their money and then there is the problem that a lot of people think its a scam
there is a very good reason for being afraid to invest in altcoins and that reason is called pump and dumps. which altcoins are.
people aren't as dumb as you think they are. most of them anyways. and that means when they see the pump and dumps in a market like altcoin market they prefer staying away instead of risking their hard earned money in something that whales can dump on them to get a good profit.
people aren't as dumb as you think they are. most of them anyways. and that means when they see the pump and dumps in a market like altcoin market they prefer staying away instead of risking their hard earned money in something that whales can dump on them to get a good profit.
As for courage, it will not help you here right now the number of really good ISO is so scanty that by investing in the wrong place you can easily lose your coins.
Integrating cryptocurrencies with the banking systems defeats the essence of it being unregulated. I think the number one reason for people being afraid to invest in crypto is the lack of proper knowledge about it. It's human nature to be afraid of something that they are unfamiliar with so until that is resolved, many people won't get into it.
I think people are afraid to invest in cryptocurrency because they don't understand how it works. And of course, they are afraid of losing their money, because there are always risks. Therefore, as long as people do not have the courage to invest the first amount, he will be afraid to invest.
It would be much more convenient to buy bitcoin when cryptomats appeared or governments stop to prohibit bitcoin transactions.
I do not actually believe people are scared or afraid to invest in crypto currency
It’s just the nature of man to find greener pastures and seek easy token price predictions before investing
But after doing that and accumulating losses, they decided to quit since they can’t make their own hard earned researches
It’s just the nature of man to find greener pastures and seek easy token price predictions before investing
But after doing that and accumulating losses, they decided to quit since they can’t make their own hard earned researches
I think the cryptocurrency has not yet become the unit for common payments. Everybody is investing in it to make the profits from trading. Therefore, being restricted in their country is not the main reason making investors to be afraid.
Yes, it would pe perfect when you open for example, your mobile bank and find an option 'Buy bitcoin' or something like that. I think that after this lot of people will try to use bitcoin. So big funds will come in crypto and the market cap will grow.
Many people have got experience with fake and scam ico investment, it why many people and investor still afraid for invest at ico project, they have think more for buying or invest at ico project, always delay for listing at exchange market and give lower price at listing.
The prices have been constantly falling during all this year, besides, there is still a quite negative publicity about cryptos on media. I think this discourages many people to get into cryptocurrencies.
Where I stay most people tag cryptocurrency scam because there was a so called ponzi scheme called "MMM" which made away with a lot of bitcoin around 2015. So people still take it a scam till now.
Volitality is another factor IMO, I dont think regular people can bear a stomach of loosing about 20% of their portfolio. Imagine buying ATH early this year,
RIP
People arent patient when it comes to investing in crypto projects thinking its a get rich quick scheme.
Volitality is another factor IMO, I dont think regular people can bear a stomach of loosing about 20% of their portfolio. Imagine buying ATH early this year,
RIPPeople arent patient when it comes to investing in crypto projects thinking its a get rich quick scheme.
The main reason in my opinion is simply that people don't understand what is crypto and why they need it. Also to outsiders it looks pretty much as a ponzi scheme.
People still trust Central banks the most when it comes to money management/investments etc. And Central banks as we can already see are not favorable to cryptos. When that trust will start snaking then only majority of people will look into options like cryptos.
People still trust Central banks the most when it comes to money management/investments etc. And Central banks as we can already see are not favorable to cryptos. When that trust will start snaking then only majority of people will look into options like cryptos.
I think this does not sound right. Anyone can buy a crypto if he wants it. Governments can not restrict people in buying and holding cryptocurrencies in their wallet, I have never heard of this. The only thing that governments can do is limit the ability to pay for cryptocurrency or other uses. But this is also not a problem, you can use P2P.
Compared to other markets crypto is more complex to understand, so less people want to take risk in unknown behavior.
I think we will have to wait for the global recognition of cryptocurrencies and their integration into the banking system for a long time. Now we hear a lot of controversial news about cryptocurrencies, some countries (such as Japan and Australia) are actively integrating cryptocurrencies into the traditional system, in turn, such as Korea and Syria - are prohibited. In this regard, it seems to an ordinary person that cryptocurrencies are something very unstable, so it is dangerous to invest in it.
When it comes to investment, then when you would tend or plan to get in? You are waiting for long if you do rely on such decision or adoption.You are putting yourself into the last. Security is there but chances on making money when markets tends to boom out would be surely missed and you will end up on regretting.Its just really a matter of risk actually and its your choice on how you would utilize the possible chances.Due to volatility and uncertain assurance of legality it isnt really avoidable for us to be afraid.
I think we will have to wait for the global recognition of cryptocurrencies and their integration into the banking system for a long time. Now we hear a lot of controversial news about cryptocurrencies, some countries (such as Japan and Australia) are actively integrating cryptocurrencies into the traditional system, in turn, such as Korea and Syria - are prohibited. In this regard, it seems to an ordinary person that cryptocurrencies are something very unstable, so it is dangerous to invest in it.
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