Topic: The fear of investment (Read 533 times)

Trust is quite a unique decision and scammers have eventually encroached all the financial sector which crypto world is not an exception .crypto has excelled globally and it has given birth to series of misconception and un approached irregularities which I sincerely believe that proper sensitization about Bitcoin will reduce the idea of scamming in the crypto world and by so doing it will give different individuals the need to learn and understand the idea of Bitcoin before intending to invest.

This forum is the largest cryptocurrency discussion forum in the world and also the oldest, so many people understand about investing in Bitcoin and altcoins through this forum. In fact, the majority of members here are directed to this forum when they are looking for something related to Bitcoin and other cryptocurrencies. Apart from that, regarding the responsibility of this forum in enlightening society about Bitcoin, I don't think it's that big.

but for those who seek wealth through this forum, don't be so disappointed with the results you will get, only a few have managed to make enough money from this forum and that's because they have good literacy skills.

Everyone has the desire to get enough money and be rich. But like every desires of man, it should be kept checked and controlled. Obviously, money is very important in the society to fulfill our needs and perhaps the insanity and outright greed in the society to acquire as much as we can.

An ignorant man with some common sense would know better to keep away from putting his money in what he knows little about. But sometimes, people let their desire to acquire money get out of control and greed sets in. A greedy man is a juicy target for scammers.

It is normal for your friend to think in that direction, this the first time you are telling him such, you don't expect him to accept at once, is very unfortunate that some people don't have much information about Bitcoin, you that's opportunity to have such information should back it up with facts and evidence because I think that's what most people need to be convinced, you don't educate someone on something that you have no prove and evidence about, so I think the only that guy will believe you is to show him how you have benefited so far. No doubt there are some people that don't believe in Bitcoin no matter what you say or the evidence within their reach they ain't still see it as a transparent system.

Fear is a great tool that can easily hinder one from his/her success. This isn't only in cryptocurrency but also in every business. One must learn how to take risk. More billionaires today has for once in their lifetime risk some investment. Back to crypto, there isn't any risk getting some BTC for the future. It's just like securing one future for success.

The fear investment can be jeopardizing if we have had bad experience about scam investment that might had taken our money. Investment is a good option for us to save our money for a bigger time ahead. I could remember in the past and how I lost some funds because I couldn't invested my money in a reputable firm since the offer was so inviting. It is goof if we follow straight rules when making investment because that would guide us from putting our funds in business that would give us more loses than profits. Investment should be simple and not in a form of get rich scheme.

Although it had stopped people from knowing to more about Bitcoin but that doesn't mean that many have stopped to them completely. Any time someone can just go back to get invested in Bitcoin.

The interest could be there but just been delayed based on those news about fake platforms, scams and other cons that's been made in other financial matters too.

Why is that whenever we wanna talk to people about bitcoin use case we are only particular about the earning of profit from it as store of value.
Do we talk about  bitcoin volatility to them.
Do we also talk about it to them that bitcoin can also be used as a digital transaction payment and how it's of divisibility meaning it can  be fragmented into units just like fiat money. An hedge against inflation of devaluation of their  fiat money.

We should try as much as we can to touch the various use case of bitcoin when talking to people about and not just that it's an investment means to earn profit. It's awesome when I read about topics of people sharing about the bitcoin knowledge to others but when doing so we shouldn't just dwell on the investment part.

I strongly disagree with this statement.

Lack of knowledge is the reason why we fear and have phobia for many things. Just as the darkness gives way to light, so fear gives way to knowledge. I argument here is that people who are afraid of being scammed and therefore loose interest in investing in bitcoin is because they have not acquired the necessary knowledge that dissipates fear.

This knowledge comes from reading books, asking the right question, associating with the right community of people who tell you the truth. Do you know that the single reason why people get scammed is because the see bitcoin as get rich quick scheme and these scammers can easily spot people like this and feed on their desperation. With the right knowledge the scammer has no hold on them.

As if people don't get scammed in offline businesses. As if people don't get scammed through their banks. As if people don't even lose tangible assets. Well, that's what it's. It's quite understandable when people get scared of Bitcoin the first time they get to hear of it because of its connection to the internet but it will become overboard if these people still fear and not research it. Most of these people think it's risky getting in Bitcoin out of hearsay and not of any personal experience or loss they've got. No one should live on the bandwagon effect. They should try it out for that's the way to go in learning new things.

As laughable as your experience with your friend is, that's often the mindset of many out there. Some will even go the extra mile to demand you show them proof of whatever goodies you think they stand to gain before they can try it out. I think we're at that point where Bitcoin will gain more press time as major news outlets are going to be interested in knowing what's going on with Bitcoin in a few weeks time. That has been the format whenever we experience a rally. Those who missed the past rallies maybe lucky to join this train and if they miss it, they might get another chance in 2028. Where I come from, there's this local parlance that everyone has their appointed time for breakthrough.

There must be some confusion bro, the plate forum is not only for the newbies but for all the enthusiasts of bitcoins either they are old ones are the middle ones. In 2009 when Satoshi made this platform the main aim of this plate forum was to discuss the bitcoin and blockchain system. Blockchain and Bitcoin was the most advanced form and people were facing, problems at that time but they didn't know how to deal with them so Satoshi made a platform where people from different countries discussed the issues arising in the blockchain system so that he could fix it quickly. But now it gives opportunities to many people in different sections and people earning health funds from here.

Sometimes this fear came from fear of knowing nothing. Most of the people I heard who said that they don't want to invest in crypto or in bitcoin are those people who have been scammed by "so called" bitcoin. They don't know anything about bitcoin at all they just invest with those platform that offers high leverage because  they are aiming for huge money in return. They fear the thing that they don't know it well.

Scammers are everywhere, not only on the internet but even physically, scamming people, so I don’t think people are afraid to be scammed, which is why they are not investing in bitcoin, but I see their ignorance of new technology. The main problem with many people is that they will never do their own research but only follow what some people are saying about something, either good or bad, which is very wrong, and with the idea that these people are hardly successful in life because they don't have confidence in themselves,
 
Sometimes people think that some people want to scam them. In some way, some people introduce Bitcoin to them. Some people introduce Bitcoin as a way scammers are introducing scam platforms to people by exaggerating things that are not likely to happen, like when someone invests 100 dollars and becomes rich in a few months. For any person who has experience with any online scam before, they will easily think you want to scam them because that is what scammers always do to attract them. If we come to introduce Bitcoin to a person or people, let them know the advantages and disadvantages of it. Do not force the advantages alone, just to get attracted, and tell the person or people to do their research also. 

Fear is always present because in every investment there is certain risk. And if you are incapable to manage the risk, you will definitely develop the fear of losing. But by acquiring knowledge and getting a hint of the background of your investment like bitcoin, then you will be most likely become aware how to deal with the risk and overcome it, or lessen the risk from losing. The reason why knowledge and on hand experience are crucial. Knowledge alone will not save you from scamming, but by learning from the experience of other investors, that will help you a lot to be free from scams.

However, even a lot of us consider bitcoin as a safe haven investment, its still important to invest with caution. All investments that have risks should always be dealt and proceed with caution.

Perhaps, the idea of trying is good but should be careful where we try and the platform we use. As you have mentioned, a lot of fake platforms cause losses and interest to the people which is why we just try unless we are knowledgeable enough on what we have to do. We don't like those people who invest blindly and make an investment because someone told them about this. It is not about fear why we should not invest but the reason is we are not yet totally prepared as we can't just jump on the boat not knowing where it goes and what is the thing we have to do.

that's the human nature of people. want to look for new things even though it is clear there are things they already trust, but why are they still looking for new investments even if they don't understand the project?
They are already sure about investing in Bitcoin, but an offer or invitation from someone can make them interested in a new project that offers the promise of bigger and faster profits.

if more people are deceived by investing in the wrong assets, it will certainly lead to a poor understanding of all crypto assets. the impact may be widespread and those who feel cheated may exit this investment and rate crypto very poorly.

All of us commit mistakes in life especially if we don't know somethings especially when starting up and those people we ask for guidance is just deceiving us for projecting some nice profits if we gonna go with them then invest some amount on the platforms they pointing out. For sure this situation happens to other newbies to that's why they got scam by ponzi scheme platforms and other shady platforms around. If there will be just an honest guy will teach newbie about possible things when they are starting up for sure this incident is avoidable to happen in their side.

Lucky for newbie who learn this forum at early because they would provably know all the feedbacks they want to gather, but for those people who has totally zero knowledge of everything about crypto then they are at huge risk to lose some money on their first attempt to invest on something caught up their interest.

People who have been deceived or easily deceived must have made quite fatal mistakes in their lives, such as often openly showing off luxury goods and their savings to people they have just met or to the public. Secondly, people who are more easily deceived are those who very easily believe in other people's words without analyzing them further so that they will be more easily victimized by people who have the intention to deceive anyone. So things like that can make anyone a victim of fraud all this time.

There have been many online digital related scams that have happened in the oast which still causes fear in the heart of many people, if we also consider the kind of nuisance some shitcoins have also caused their investors in cryptocurrency, many who don't have the understanding will take bitcoin together with every other coins since they were all cryptocurrency, people want to try new things out but were afraid of loosing their money to scam, only those that really understand the importance of bitcoin and how it can help their financial lives take time in learning it without having the fear of missing out.

I understand a little about what you experience when you tell a friend about Bitcoin. When I first got to know Bitcoin, I also became too enthusiastic about spreading awareness about digital assets, especially about Bitcoin. But it turned out that this was not a good enough move at that time. So in the end I prefer to focus on myself and my own family. And I'm lucky enough that my family also shares my interest in Bitcoin. They don't like trading bitcoins but at least they are smart enough to accumulate bitcoins for the long term.

So the lesson I can take from the experience I had when spreading awareness about bitcoin is that I have to focus more on myself and I have to prove that I am investing in the right things. And I want to see the look on their faces when I have been successful with my investment. Because nowadays basically people only want to follow everything that already has real evidence before their own eyes. But when in my country Bitcoin was declared legal as a commodity asset, at that moment I felt very happy and my friend who previously underestimated Bitcoin also started to ask questions again and he wanted to learn again. But this time I let him learn on his own and only gave him where to learn from.

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.

---

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.

---

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.

Do not put too much burden on this platform, this platform and its members do not have the responsibility in enlighten society about Bitcoin, this platform is just a forum for Bitcoin enthusiast to discuss about Bitcoin. Moreover Bitcoin is not a religion, we don't need a missionaries for it. People will come to this forum by their own will when they finally learn about Bitcoin.

You shouldn't try harder because if your friend is not even listening to you then he deserves losing the opportunity.
We all know about the scams that are happening and it has created a misconception among many but the person should at least listen what the other is saying.

People become uncertain and think negatively because of having lack of knowledge. Falling into scam sites is probably because they don't spend time knowing the platform first but are in a rush to jump and take the huge offer. It was not the fault of Bitcoin either that many people get scammed and lose their money, instead, their biggest mistake is to trust easily.

FEAR is normal to anyone who really doesn't have any idea about Bitcoin and much more if they will listen to those negative issues. That is a psychological impact.

Most investment platforms are scam, so I believe there is no real investment platform out there, buying Bitcoin and holding isn't an investment platform, you are investing in the assets directly, fear is a normal thing in today's world but losing your Bitcoin to scammers is your own fault, they must have talked to you and confuse you to do stupid things that lands you in losing your assets or it's your own greed that make you lose your assets.

These are a few ways many people lose their Bitcoin and it's their fault like I just said, many beginners lack knowledge about keeping Bitcoin safe, they only have interest in how to get Bitcoin and that's where they stop their research and learning, which is not right.

If strangers brings you any investment plans they are trying to use you, nothing in this world is free, I have been saying this for a long time now, if things are easier for someone they won't come telling it to your face, if they can become a millionaire off something they will truly keep it to themselves, but once they tell you, it means they need you to get to that millions, stay away from strangers, they come only with ill intentions.

Not all can take it easily especially if he had experience or seen worse happened from other people. Bitcoin is a wonderful investment and those who learned that and see it really proves its worth a shot. But for new people will try it out, of course we can understand their fear but introducing to them properly or explain clearly would change that perspective.

Yes, nowadays if you want to invest you have to do it through fear. If you invest in any new project. Since 2021, most frauds are starting in crypto. Don't be fooled if you keep a few things in mind. Avoid investing in new projects. And if you want futures to do well then I suggest feel free to invest in Bitcoin. It will never disappoint you.

If you want to stay away from scammers then definitely stay away from phishing sites. On the other hand, to keep your fund safe, you should not add the wallet to any website. Then you are safe in all aspects and there will be no risk in investment.

And is it necessary to rain insult on them? Having interest in bitcoin is something of a choice and I believe everyone has reason for their actions. You are into bitcoin because you believe in it while they choose to remain reluctant because they're doubting its legitimacy. You don't have to force anyone to believe in what you believe in. Some people actually know about bitcoin but chose not to invest in it due to one or two reasons. It's their money and they have the right to do whatever they want with their money.

However, calling bitcoin a scam is where the problem comes because it spreads negativity about bitcoin and create fear in the mind of those who have no idea of what it is all about. In that case, you can educate them and defend bitcoin that's it's never a scam although there are scammers using bitcoin for their fraudulent activities just like it happens even in our traditional fiat system, but we have safety measures to keep one safe from falling for their traps. Never give anyone money to invest in bitcoin for you.

If they were willing to learn about Bitcoin before investing, they would see that Bitcoin has nothing to do with the investment programs out there. When you decide to buy Bitcoin and it is already in your wallet, you don't need to send it anywhere but keep it in your wallet.

So if some people offer you huge profits by sending them Bitcoins, it is a scam and you should not join them. Such investment programs have existed since the early years of Bitcoin's release. But nowadays, they use other methods which remain the same as before. So you have to be careful if someone offers you to join the investment program.

You must keep the Bitcoin you already have in your wallet while waiting for the price increase. That's when you can sell your Bitcoin to take advantage.

The high rate of fraudulent people bringing investment ideas is too much. It's very difficult to believe someone bringing such ideas most especially when you can't really see much evidence that the person is financially stable to an extent.

People will easily believe you if they see an high financial return on your side from the said investment.

Bitcoin is not only an investment platform, people outside the investment platform are now using Bitcoin in various ways. El Salvador is using Bitcoin as their country's alternative currency. Fearing that there may be an economic recession in the future, many people are now not keeping money in the bank and converting that money through Bitcoin because if an economic recession occurs, the bank will go bankrupt and if the bank goes bankrupt, a user will lose all the money in the bank. If you think bitcoin is best for investment then you can use bitcoin for investment and if you think bitcoin trading is more safe then you can use bitcoin for trading, if you think you will use bitcoin as savings. You can use Bitcoin as a means of saving.

A person who is concerned with cryptocurrencies but is afraid of investing in Bitcoin I think is a stupid person. Because this bitcoin has gained a lot of popularity in today's society and people are earning a lot of money using bitcoin. People who invest bitcoin bitcoin never fear but boldly they hold bitcoin for long term, bitcoin is a digital asset that helps people to house the future. The future of Bitcoin is so bright that people are making money from Bitcoin for their livelihood, and investing in Bitcoin to brighten their future. Moreover when a person sees Bitcoin as a scam he is never a wise person, because those who will win Bitcoin as a negative in this present digital world are the biggest fools. Science is a popular currency this currency has the most fame in the virtual world and Bitcoin has accepted its approval in various countries, and people using this Bitcoin are benefiting their economy a lot.

You have plenty of others reasons to fear investing money, such as loss of capital, not yielding the desired results, or because it might seem too stressful to bother. What you mentioned isn't deemed as a fear anymore, as they're an abundance of exchanges, some of which are trusted and established that you have nothing to be afraid of. You don't even need to be cautious of fake platforms, because they're either so easy to spot or mostly due to the fact that all trusted exchanges are within a Google search.

You don't have to explain Bitcoin to everyone and expect them to accept it as something great, people are hesitant and sometimes prefer to avoid such situations due to their fear. It's easier to call something you don't know a scam, than to investigate it further.

I corrected a little, that bitcoin is not a platform. Bitcoin is the asset itself while the platform is where the service is based. So bitcoin is an asset like gold.

I think everything should be done with good knowledge. Investing in bitcoin also has big risks and without knowledge it will have fatal consequences. I know everyone here loves bitcoin, but when talking about bitcoin for investment we have to think deeper and have many considerations. I wouldn't dare recommend bitcoin to people who don't have a good knowledge of bitcoin, I would advise them to learn about it first

I mean it was pretty normal that people think that Bitcoin is a big scam since its all over the news, this cryptocurrency and Bitcoin things are always related and link to a lot of illegal transactions and scam, so normally people are going to think that it is a big scam, If your friend thinking that you are going to scam him, probably your adjust doing it the wrong way because your not telling him to invest on here own and learn how to invest on cryptocurrency, or probably your the one whos want him to invest on you, that's why his having thoughts about it, I mean if your just encouraging him to invest on here own, he cant possible think that your going to scam him since hes just the one doing it, and your just encouraging him to invest on it right.

With bitcointalk forum you can learn how to invest your money in bitcoin through trading section and altcoins section, what I want us to comprehend is that, nothing in this forum that is not important, the main objective of creating this forum is to discuss the advantages and disadvantages of bitcoin and also all about the technology and the investment aspect of bitcoin, so this forum can teach whatever you wanted concerning cryptocurrencies

Even if its a currency I still believe that its still a profit scheme just that, it does not have a time or season you can start making that profit, normally you ask questions for what you don't understand, because of not asking question a lot of people have lost there money, they already believe to operate on the small knowledge they have, and while enlighten them about bitcoin starting from the basics is the best and also adding some practical will also help and I wonder how the first trail of investing in bitcoin will look like and the feeling and after that feeling then the market will be next to worry about.

Just like most persons will say Bitcoin is more of a currency than a profit scheme, i also think that your friend has enough right to ask if it is a scam scheme since his still a newbie , it is left for you to enlighten him on how Bitcoin functions, let him see enough reason to invest in it, if after every trials and he still feels not wanting to partake then you do not need to force him, but hope he doesn't regret such action in the future. Let him know you have played your part as a friend when the time comes just after Bitcoin hits ATH

They also don't even understand how the cryptocurrency market works. Only referring to altcoins that are very risky and not referring to bitcoin which is the top coin and is very trusted. They want to get faster and more instant profits, but they forget to think about the risks. The fear of investment losses will arise when they start investing their money in altcoins that do not have good development and have more potential for scams.

This makes sense because investing in Bitcoin is of course still risky, even though in fact all investments definitely contain risks, it's just that many people think that investing in Bitcoin has a higher risk. Especially if they really don't understand Bitcoin and how to invest wisely. there will definitely be fear and worry when they put money into investing in Bitcoin. Especially if they hear of more and more cases of scams or large losses due to investing in Bitcoin, even though in reality it happened because of the mistakes of these novice investors, not Bitcoin's fault. because for people who really understand Bitcoin, we can understand how to optimize the benefits of investing in Bitcoin. without doubt and also with good enough knowledge, we can manage our finances, manage the risks and can also manage our emotions when we invest in Bitcoin without being too greedy so that we can be more realistic in expecting the results. not as investing in Bitcoin to Get Rich Quick or get money instantly.

This is the reason why a person must do his own diligent research when investing.  Learning about their investment, they are able to determine if the investment is a scam or not.  Aside from that, if they fail to learn about the truth about Bitcoin, they are missing out on possible profit.  Since only one thing will emerge if someone research Bitcoin and that is investing in Bitcoin is somehow in a profitable trend even though it is highly volatile.

Aside from that, if they had done their research, they will know that Bitcoin is not controlled by any centralized authority thus, those who were scammed investing in Bitcoin is not scammed by Bitcoin but rather by the third party company that intend to scam investors of their money.

The fear of losing money through investment makes people prefer saving to investment. I was a victim but my own case was different. I have seen many people who were scammed through bitcoin and that made them to totally hate bitcoin and doesn't really want to hear anything about bitcoin anymore. But in my own case after I was scammed and I paid through bitcoin which actually was my first time of using bitcoin. I discovered it was a scam, then I became curious why they decided to scam through bitcoin and not through bank accounts. That curiosity actually led me to learn about bitcoin. I behaved so differently from many others.

I will also advise to hold your money tight instead of investing in what you do not understand.

Yes it happens all the time but scammers only scam people who know less about Bitcoin or have less experience. Those who have deep knowledge on Bitcoin cannot do such fraudulent activities. Even in my country now a kind of fraudsters are stealing money from common people by talking about investment in Bitcoin but in reality they embezzle the entire investment money without investing on Bitcoin. Even though common people are victims of such frauds many times, they are repeatedly falling into the trap of fraud without being aware. We must continue to raise public awareness by counseling against such fraudsters.

Some of the ideas that people carry about and it’s customary to some of investments is that, you tend to get periodic returns on investment. This has been some of the bases why you find new Bitcoin investors seeking packages with investment firms with hopes of having their money invested to get regular periodic returns.

Most of these tunes out to be acclaimed promises because, the market is unpredictable and even the self proclaimed experts can fail. So will the company and missing goals your coin.
That’s why. It’s better you learn to do it yourself or don’t do it until you feel your ready.

Scam is one thing that I can say that have tried to retard the global acceptance of bitcoin but it's actually normal because anything that  is good can also be use by same humans for bad things because the potential of it's good is exploited by human that tend to be successful over other people's sweat.

And again introducing bitcoin to people can be really tricky sometimes because some of those people you have introduced can turned back at you because maybe they experience a big decline in the market price.

The manner and approach in which you introduce bitcoin to others matter a lot. The kind of information that they have had about bitcoin from others or the kind of information that you might have given them might be the cause of their reaction and misconceptions. This is one thing that makes people look at things the other way around, most of the time.
 
Maybe the person you want to introduce to bitcoin has already conceived the idea of seeing bitcoin as a Ponzi scheme, which it's not, and as a result of many Ponzi schemes that have failed in his front, he will never want to believe anything that is related to that. The thing you need to do first is to make him understand what bitcoin truly is, and when the person in question has a full understanding of bitcoin, that's when you can invite him over to invest in it.
 
But what's the point of inviting someone who doesn't have an interest in bitcoin? They are not paying you a referral fee for that, so the best is to tell them how it works and allow everyone to make their choice. The kind of pressure you put on someone can make them think it's all a scam or that you have something to gain inside.

Due to scammers, the crypto world has become hell. It's hard to trust someone in the crypto world. A lot of people are deceived through crypto investment. Still, scammers are deceiving us through various means, which creates a negative impact on crypto. That's the reason a fear always works when someone thinks to invest in crypto. A lot of people think any kind of online investment is a scam. Even if you explain Bitcoin to them, they will continue to believe the same thing. Because their brains only know online investment is a scam. However, we have to prevent scams and should explain Bitcoin. It is most important to explain to someone how Bitcoin works and that it is not an investment scheme. It's like an asset whose value would increase. 

I'm not in doubt about getting paid via Bitcoin but, this platform isn't an investment platform... Correct that mindset of yours. If by any chance, anyone is found illegally impounding selfmade rules just to squeeze out funds from anyone, that account will be tagged and banned if it persist.

---

I understand the fact that some peeps are Afraid of buying and HODLing BTC... Don't tryna compel anyone; refer them to sound lecturing about the whole process and allow the shallow minded ones to freekout all they want.

Sandra 🧑‍🦰

talking about someone's fear of investing in bitcoin, it's not easy to persuade them to invest in bitcoin, I once told about a friend of mine who broke up with me because he sold his bitcoin at a loss during the bearish market in 2020, at that time he said told me that I had deceived him by persuading him to invest his money in bitcoin, even though if he had just wanted to be patient then there would have been no loss because the number of bitcoins he had would never change, now I am sure he regrets all the impatience he did at that time, bitcoin was not designed for the short term, but for the long term.

And I don't blame that ideology people have to be careful with what they invest in, there is a lot of scam projects all around and scammers  are always creating more means, and they will look for ways to convince you so that you don't have a choice than to give in, but this days people are becoming smarter in the sence that they are careful how they put their money online. And even with bitcoin now people are smart and at least they have little knowledge on how bitcoin works. Unlike back in the days that people don't believe in bitcoin but now even in the television you must have heard about bitcoin or even come across any kind of information on net.

When there are people like that, it's just best to stop encouraging them or explaining anything about Bitcoin. This is going to save you from trouble, debates, and your most precious times. If you tell them tons of good things about Bitcoin, they will remember nothing and if you tell them one bad thing about it like its volatility which is mostly a bad thing to many then they will remember it as a bad thing wholly. In general these internet scams, it's true that it has discouraged a lot of people from looking into Bitcoins and taking an interest in them. But we can't blame them if they're missing it and protecting themselves as if they're on the bad side upon showing interest in it. As for investing in Bitcoin, we shouldn't invest in platforms but in actual Bitcoin. That's the misconception when people think in order for them to invest in Bitcoin, it should be in a platform.

It is not the fear of being scammed that makes people not to invest in bitcoin because bitcoin holding on noncustodial wallet have the characteristics that the holder have full control. If the holder is scared and want secure wallets, cold wallets or multisig wallet can be used  for the holding.

If I will have to say it again, it is ignorance. Bitcoin is not meant for everyone. It is meant for people that understand it if they want to avoid hack.

Indeed, this platform is a straightforward book of answers to all the queries that a newbie have on their minds. And even if there is not a single answer to a query then you can openly ask here and will be given a reasonable answer by many international and different types of answers which will explain your query in different simple ways.

We all here try to contribute, try to help each other.

And the experience you have faced while sharing the idea of BTC with your friend is not something new, he will believe you when you start to make money out of it and then he will realize that he should have adopted this technology with you but if he is not adopting it right now like the way you have adopted it.

Then please do not force him, because if you will, then he will definitely take it as a scam.

Bitcoin is not a scam coin. People are afraid of investing in Bitcoin because clear information about what Bitcoin is and how Bitcoin works and how Bitcoin is used is not well known.
Bitcoin is not a platform, but Bitcoin is a currency that can be used for payment processing and with Bitcoin anyone can make transactions from one address to another throughout the world.

Modern society should be aware and know Bitcoin even though I realize that there are areas that lack supporting facilities such as no internet access so information about Bitcoin does not reach there.
In general, information about Bitcoin has reached almost all modern society.
I think the fear of investing could be because the first type of investment they made was not in Bitcoin but in another project which caused them to lose money so the fear of investing will not disappear.

I say this on the basis of not fully understanding the meaning of your statement.

This is one of the reasons why we need to ask questions and make sure our curiosity is being questioned. There are people that had made the same mistakes we are about to make so we need to make sure that we don't easily make decisions without scrupulous examination of decision.

The Crypto world currently is full of scam and we need to make sure that we don't allow greed to eat us up. Most people that we see getting scammed are people that are always ready to make careless mistake because of there too much love to make fast money. If only we are ready to discipline ourselves and thinking seriously before choosing what we do, then we are going to keep making a good investment.

Due to the high rate of scammers around the globe, the majority of people have entirely lost interest in everything to do with investments, including bitcoin and other types of investments, so I wouldn't claim it is just with bitcoin that people have lost interest in. 

Because of people's gullibility toward bitcoin, quite a good number of people have been duped by it, and they are not happy about it. I wouldn't hold it against them in the slightest of their refusal to invest in bitcoin. They do remember the lost financial experience they suffered at the hands of scammers who ask them to invest in bitcoin, the same way you do as introducing bitcoin to them as a tool for investment.

One would not fully accept investing in bitcoin with simple convincing, without doubting it, that you plan to defraud him as well, after having that kind of experience years or months ago.

Don't feel bad if a friend of yours thinks poorly of bitcoin. Due to his prior Bitcoin experience, he is simply acting on that. It's possible that someone stole his money by convincing him to invest in bitcoin.

Those people who lose interest because of fear of being scammed refer to Altcoin and not Bitcoin, and they don't want to learn and understand the main principles behind Bitcoin and cryptocurrency in general. They also lack knowledge about blockchain technology.

There is a difference between an investment platform and a Bitcoin investment; when I hear investment platform, my mind is going to an altcoin or centralized platform where you will give them your money to control for a while and give you back with some interest when they are done, while bitcoin investment is using your money to buy Bitcoin, keeping it in your personal wallet, and waiting till you are on profit before selling.

Op just as one of the member made mention I'll like to reiterate it that this (bitcointalk) isn't an investment platform it's rather a community of crypto enthusiasts that come together to rub minds about our common interest crypto.

Moving further I will agree with OP that the environment we find ourselves can be a hindrance to we not being open-minded to new ideas just so sudden, it's all about giving them time. Because you accepted the idea when it was first introduced to you doesn't mean people around you will do same.
A mistake we shouldn't commit is to force or try to convince people about investing in bitcoin when they haven't willingly out of their volition agreed to. The best is to ask them to do their own research and with time they will voluntarily adopt the idea just like in this thread BITCOIN: Give people time

If we have a poor security practice, then we will also need to fear of everything happening because we don't know how we make it appear being vulnerable to them and they attack, but when we are confidence in what we do, we will not have anything to get scared about since we know what we are doing and the safety we practice for our own security benefits, we should have an idea of the expected measures to take right before we make an investment and after we also did.


Don't misguide the people of the forum, especially the newbies, this platform is meant for bitcoin discussions, and not to talk about other investment platforms as the main objective for it creation, you can earn as well from here, but that also is a secondary advantage, learning and discussion on bitcoin is why this forum was created in bringing people together from all nooks and crannies of the world that are bitcoiners.

Aside from the fact that your friends see your idea of bitcoin as a scam because of their lack of information about bitcoin and what it stands to represent in the financial sector and being as an alternative to the fiat traditional currency which faces a lot of regulatory toughness,  this have made Bitcoin become the best alternatives.


Anyone that sees Bitcoin as a get-rich-quick scheme will easily get deceived by all those investment platforms that promise higher returns which are mostly unrealistic and untrue and in the end scam them, making them have that bad feeling about Bitcoin instead of them building the knowledge they keep their misconceptions and thereafter generalized everything about bitcoin being a scam.

This shouldn't be an excuse anymore as anybody still thinking this way is been ignorant, Bitcoin isn't a platform but a currency and there's no way it'll scam you when you make your investment rightly by buying from exchanges that aren't fraudulent. You only get scammed when you try to buy or sell Bitcoin using scam exchanges or trust random scammers online claiming to be Bitcoin merchants.


This statement is kind of confusing but Bitcointalk purpose is to connect Bitcoin enthusiasts, the platform isn't an investment platform or place to earn Bitcoin for a living, anything that you earn while you're on the forum should be seen as a privilege and not as a main source of income. People welcomed here aren't people that their sole purpose of been on the forum is to earn but to learn.


The only time I can think about our environment contributing to the fear of we not investing in Bitcoin is when they're banned in our country but to date no country has officially banned Bitcoin and when you talk about other types of fear, the internet is opened to everyone to do their search and we shouldn't be influence by what others are saying concerning bitcoin but DYOR to find out the truth or you'll be deceived and miss out on an opportunity to invest in Bitcoin early (again).

Bitcointalk isn’t an investment platform. This is a bitcoin forum where crypto enthusiasts mostly bitcoiners discuss about the crypto space. It’s normal for newbies to be skeptical when someone is trying to tell them of the internet money called bitcoin, I wouldn’t blame your friend if he is cautious. It’s not everyday you meet someone who wants to help you improve your finances without something in it for them.

Well it's no suprise to me and thats why so many people here actually advise not to force someone into bitcoin knowledge and in the case of fraud, well even the fiat currency are use for scamming not only bitcoin. The world is designed to always have certain lazy people who always tend to take advantage of people naive nature. Bitcoin is something that always speaks for itself and that's why people that will be interested will always come around no matter what time its takes them.

Hello friends

In our modern society, the fear of being scammed by king pins and other fake platforms has made many people to loose interest in investing bitcoin.
This platform is to enlighten the society that there are real investment platforms and also people earn bitcoins for a living, so they should give it a try and invest so they can also earn and also when it comes to this particular fear I think the environment where one is actually staying also contributes to this fear because just the other I was actually explaining the basic essence of bitcoin to a friend and all he could even think of was that I want to basically scam him of his money of which he doesn’t even know that bitcoin is actually a currency on which people benefit wonderful opportunity like through savings.