Topic: The fear of investment - page 2. (Read 534 times)

I know where this is going but you aren't 100% right, as the reason why some people choose to not invest in something different from what you are saying, your point is accurate but it doesn't cover all.

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Some people in my home town are living a very bad life, poor and wrechetd and growing up with such people is sad, while looking different from them because you are financially ok but you can't help them enough, I tried to help them but I detect they don't want to leave that life behind, it's like their present state have imprisoned them, they feel scared not because they lack money but because of what they could become. They see financially rich people has sinners, they have this mindset that rich people are all dirty and they don't want to be like them,  if they are vigorously religious I will understand but they aren't that much religious.

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There are some people who don't want to take a single risk, if what they are earning is very little, they can't cope with risking some part of the money to invest in gold, stock or other valuable assets, I called these type of people selfish people, they are selfish to their own lives, every penny that's not enough for them looks like it's GOLD in their eyes, helping this type of people is a complete waste of time. I have learned that Not everybody needs help, even when they look like they needed help.

There are a lot of scams and frauds happening in the crypto space nowadays, which makes people lose interest in investing in Bitcoin. Only in this modern world most people try to get money by fraud and their platforms are considered as scams. But Bitcoin is a platform where people invest to grow their money and have financial stability in the future. But those who fall into the trap of fraudsters loss money and subsequently lose interest in investing in crypto out of fear. Basically, I think people who get scared after hearing about those scam platforms and rush to invest in Bitcoin will never be financially stable. If videos are to be made in crypto space with the hope of earning high amount of money, then it is definitely better to invest in Bitcoin and earn good money here. Of course, we should motivate people to Bitcoin who are afraid of investing and don't invest because they will be scammed, we should inform them that Bitcoin is a safe currency.

The world of investment is a gray world, not all investments will end in profit and it takes a lot of experimentation before finding the right investment instrument for us. Losses in investments are normal, anyone who is persistent and keeps trying will definitely succeed

Bitcoin investment is known as a high risk investment, in theory it seems easy, buy when it is cheap and sell when it is expensive. However, the problem is that we don't know what the lowest and highest prices are, the price of bitcoin moves very fluctuating.

Although I believe that bitcoin will have a very expensive price in the future, holding bitcoin has tough challenges, usually we will panic when the price of bitcoin falls sharply. However, investing in Bitcoin is very thrilling, and requires strong psychology to be able to keep holding Bitcoin

It's not the desire to get rich quickly that makes them trapped in fake investments. After all, everyone invests and develops investments because they want to get rich quickly. the problem with their luck was that the results were different.

the main problem is ignorance. they don't know and are inexperienced in investing and that makes their chances of falling for scam project tricks greater. Investments must be based on knowledge and experience. If a beginner randomly puts some money to invest in a project that is suggested or he chooses himself, I think that is gambling.

The main reason people are getting scammed is that they always want easy money and fast, which is too good to be true, but since they are delusional and want to be a millionaire or rich in a day or months really makes them a target by those people, they have to know first that it will not take days or months to be rich, maybe there are people who get lucky, but it will not work for all of us, we need to learn and wait because that's the proper thing to do, getting rich fast will not bring success to anyone, learn and work your way, don't follow others you just meet , flaunting luxury items to brag.

Don't be sad: if he is your friend, knows you well, and didn't even listen to you, then he doesn't deserve the effort. Look at what Satoshi said: if he doesn't understand or believe you, you shouldn't have time to convince him either.

I stopped speaking to people about Bitcoin long time ago, because if the investment is bad it will be my fault, and if it is good they won't thank me. Nobody talked to me or "sold" me Bitcoin, I learnt about it on my own (in a high degree thanks to this forum). Those who want to know have good info available in the internet if they search, but those who don't won't listen even to a friend, so don't try to change them.

Scammers are equally everywhere you choose to do business and don't say it like one is safe when doing business outside crypto world. To me Bitcoin is sort of easy to get into if the right person passes the right information needed to start with, in some cases when someone explain how to start up investment on Bitcoin it can even trigger the person learning to start immediately.
Even if someone doesn't want to buy is not by force, is when you use force to enlighten the person that's when it looks like you want to scam that individual and they might back out, so even if they don't want to invest at least let them get the knowledge first, it will help.

People are right to refuse to invest in something that they don't understand, if they didn't they would indeed get robbed by all sorts of scammers. So it's natural that they don't invest in Bitcoin, because Bitcoin is so difficult to understand and it's normal to have doubts. And it's not like not buying Bitcoin is an objectively stupid decision - don't forget that it's still a highly risky investment.

To me the platform as you call it isn't the issue of making people being scared of investing, is just the members inside. Is very hard to find a legit person to give you the right information about Bitcoin trading or investment. One you have that person I don't think that fear of engaging in cryptocurrency would be their.
Sometimes wrong information has a negative roll to play on this issue, money is hard to get and telling someone to do something he or she doesn't know sounds awkward, so is going to be hard to make someone try it and don't also blame your friend for not believing you because is not easy to get into what you have no idea of.

Scammers today have made people lose interest in everything seriously, both the ones that will benefit them and the ones that will not. They don’t always think about anything investment again, and you know, some people have this mentality that when something happens to them, they don't always go near such things again, even if they are similar to the others, they won't think of getting involved in them, which is often wrong to me because some people fall victim to ignorance or negligence, some get scammed because they don’t have the knowledge of how the investment works, and some get scammed because of carelessness and trust issues like that.

However, some scam cases are not in the crypto space. As we all know, it is not easy for a scammer to get the private information of a user before getting access to their holdings, unless such a person is careless or something happens because someone who needs your data can do anything just to get what they want, they don’t care. So I will encourage people to hoard on to their private keys and other things that secure their funds to avoid being scammed.

Right that's why he shouldn't feel bad regarding on what his friend reaction on what he is telling to them since everyone will be skeptical especially when they heard some information that they are not actually familiar with it. So he should try to explain everything if he want his friend to learn a lot of things about crypto and its investment. We can't really blame his friend for that so a nice approach should be done to see if you can change his mind and believe bitcoin is good but if he's not really into it then much better if we could leave them and let him discover that we are earning some good cash by participating on nay legit activities on crypto scene.

I will be glad if my friend act like this since it means that they are not easily to get fooled and ask more information so that they would know on what are those new information introduce to them so they can possibly see some potential or it just a waste of time for them.

The reaction of your friend is just a self-defense mechanism from a possible scam scheme which I think is good.  It is up to you to prove yourself not a scammer.  Since you stated that scam is rampant in your place, it is a good thing to be vigilant at all times.  You can't blame your friend for that since our friend's trust is dependent on our previous interaction with him.

Fear of investment can be countered by education and proper information.  If we wanted people to understand Bitcoin is not a scam then we should explain and educate people about how Bitcoin works and we should never force them to invest in something that they have no prior knowledge of.

With the rampant scamming incidents that continue to occur whether online or offline, it's possible that people will develop more fears of losing their money from investing. Most especially for bitcoin where it does not have any physical representation just like our fiat currency, and can only be used through online.

But I like the idea how you deal the situation after you have been scammed. Instead of avoiding bitcoin, you even push yourself to uncover your curiosity that leads you to learn more about bitcoin. And I think if only there will be a uniform mindset for those people who have been scammed, then the chances to get scam in the future will be lessen since you do your own diligence to research about bitcoin and eventually realize that bitcoin is just also a victim wherein scammers use it indirectly just to lure the innocent people.

If we are afraid of being scammed by fake platforms, we can buy Bitcoin on DEX and keep it on private wallets or hardware wallets. Also, we must remember that never use random platforms, use the trusted platforms only.

Those people who lose interest in Bitcoin, seem don't understand how to invest in Bitcoin properly. If they know it, they won't be too afraid because we have many safe ways.

It is true. Bitcointalk is the media for crypto enthusiasts to communicate (share, discuss) about crypto issues. It is not a platform of investment, it is a media for communication.

This is not new to us as the social media nowadays has become the scammer's playground in which they will use the name of bitcoin so they can deceive people with its promising profits and incentives. If you are weak, you will always fall on their traps and steal all your funds and eventually they vanish like thin air. Luckily, bitcointalk exists that will explain everything about bitcoin and to clear the impressions of many that bitcoin is a big scam. Only the fools and with no knowledge about bitcoin will believe that bitcoin fuels scam, but highly knowledgeable people will always defend the side of bitcoin.

And since those people who know nothing about bitcoin surpasses the people that are knowledgeable about bitcoin, then its not surprising that bitcoin is still considered a big scam for many. The reason why majority develop fears to invest in bitcoin, and continue to miss the opportunities that bitcoin has to offer.

Life is full of risks and if you afraid of taking risks, you won't go far in life. After all the scam stories and experiences,  you wouldn't blame anyone for being reluctant to investing in cryptocurrency and other online businesses.

But then I have one advice to give.  No one has made it big from being "too careful with money ". If you cannot invest that money,  you'll still burn it through other means, why not risk it?  Instead of saying an outright 'NO' to any investment offer, it is adviceable that we do our personal research and get reviews from people before drawing conclusions.

Bitcoin has proven its worth over the years and with time, it will become a household name all over the globe. The number of bitcoin investors ar increasing because people are being educated everyday. Soon everyone will embrace bitcoin.

In order to avoid scams, we have to know more about the crypto market as well. Fear comes from a lack of knowledge and trust. We normally hear FUDs, market issues, exchange issues, and wallet hacks and feel uncertain. That is why before we invest in Bitcoin in Bitcoin we are also aware of the possible risk here at least, we never get caught to surprise when it comes. But honestly, if we have knowledge about what we are doing, I don't think crypto investment is too risky because we probably know what things needed to secure our funds.

This is no longer surprising as Bitcoin was perceived to be a big scam especially for those people who don't even know bitcoin. The fact that the government sees it as a threat to the financial system then we can blame the people if their perception about bitcoin creates a negative impact. That is the reason why people need to be fully educated about bitcoin and it could only be done if these type of people will be exposed about the bitcointalk forum.

This all comes down to knowledge.
I wouldn't blame your friend,  it sounds like the exact thing my mom would say. There are still a lot of people out there who still see Bitcoin as a scam. I'd say, their ignorance let them believe it's a get-rich-quick scheme and that's why they were scammed.

I believe you telling someone about Bitcoin, the first thing you should let them know is that it's a currency, a valuable asset, not a platform to make money or an investment platform. That's where the quick money syndrome comes in letting them make foolish decisions without knowledge.  Whoever you're going to educate on Bitcoin, should be properly educated before buying, trading, or investing.

So true. If they know and have the desire to invest in BTC it will not be in vain because if we pay attention market players tend to carry out cycles, for example the basic emotions of greed and fear themselves in trading and sometimes margin calls are also very painful when they occur on trades that should prove profitable.

Well, regarding falling into a fraudulent site due to not being careful, it will always be a bedtime story.