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Topic: The reason people do not want to invest in crypto (Read 18926 times)

hero member
Activity: 1134
Merit: 517
They don't have much knowledge to feel confident trading in a new market sector so they need to learn about mpcx...
If anyone doesn't have knowledge on anything then they cant invest on that so it is a valid point of not investing on crypto by many people but now a days many people gathering knowledge about blockchain especially for crypto and they are becoming interested on crypto market.
newbie
Activity: 101
Merit: 0
They don't have much knowledge to feel confident trading in a new market sector so they need to learn about mpcx...
hero member
Activity: 1134
Merit: 517
Investing on crypto is too much risky and people do not know about it too much also they cant select inherent for the crypto investment and also there is too much reason for it.
hero member
Activity: 1078
Merit: 501
I see only one reason. This is the unknown. People do not know what will happen to their investments, they are not sure that Bitcoin will be able to make a profit. People are afraid of such investments.

They should not be afraid because it is the nature of crypto currency, so if the price is down we only have to show patience, people if not investing it is only because they are lack of knowledge and are not well aware of the real benefit for investing in crypto currency, but I think now people are gradually getting towards technologies as it is need of our life, they should not be afraid of it because it has life making potential.
jr. member
Activity: 225
Merit: 1
1. Blockchain has a long way to go to be a practical solution
Businesses will not miss the opportunity until the technology demonstrates its scalability. However, this can not be proven in the real world until the companies make the leap and produce a concrete result, not an experiment. Moreover, not all industries will benefit from blockchain, while other industries may face a costly and time-consuming conversion process so they choose blockchain over a network. now available.
2. Too easy to join
The real concern with a low barrier to participation is that there is no way to ensure that this technology will not become obsolete for several months. This is another reason why businesses have not implemented blockchain technology. Why invest in a blockchain while only a few months later will have a better blockchain next generation? Replacing and upgrading can be costly and time consuming.
3. Very few tangible means value of crypto.
One of the biggest misconceptions with digital currency is its mass acceptance of tokens, meaning that they are successful. Unfortunately, using a virtual currency does not necessarily generate revenue or profit for developers behind the token. Furthermore, blockchain technology tends to hold long-term potential values, not the token itself. Therefore, buying into a token that does not actually acquire ownership in the base blockchain does not make sense to the investor.
4. Tax situation is a nightmare
Investing in the crypto algorithm means that you need to track the increase and decrease in capital for each transaction. Even using your token to purchase goods and services will also serve as a taxable service, in line with the Tax Administration's tax guidelines.
Let's look in the side of hackers, even with the 2af security that came in, it's still not safe to keeping funds on exchangers or wallets you have no private or secret keys to. I won't recommend that. many are scared to get into the crypto world regarding most of this problems they might encounter.
member
Activity: 546
Merit: 24
In addition with reasons noted above, I can notice also that many people have fear because the crypto volatilty and the market unstability, they dont want to risk their real money in such conditions. Some other people just have wrong and fake ideas about Bitcoin and crypto currencies in general and even they think that they are a sort of ponzi scheme.

This is real the reality for Bitcoin can't hide for those people who exactly afraid in Bitcoin investment because of the volatility and not to much known as world recognize as one of the major currency for the transactions.
sr. member
Activity: 1050
Merit: 377
I see only one reason. This is the unknown. People do not know what will happen to their investments, they are not sure that Bitcoin will be able to make a profit. People are afraid of such investments.
sr. member
Activity: 1050
Merit: 377
I see only one reason. This is the unknown. People do not know what will happen to their investments, they are not sure that Bitcoin will be able to make a profit. People are afraid of such investments.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
There maybe some reasons or not to invest but we have so many reasons to have decentralized payment ystem for that we need crypto currencies which is enough or me just like the million others.
full member
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
If a person not ready to take the risk in his life then the investment earn cryptocurrency is totally not suitable for him because everyone wants to leave their life 100% safe and Secure but some of the people who wanted to become a rich person like taking risk is suitable for Crypto field.
hero member
Activity: 1134
Merit: 517
And the reason he didn't invest in the crypto world was because he didn't know what crypto was and he also didn't want to judge it, and if he understood crypto I was sure he would join us

If Crypto is definitely here to stay, let still have hopes and as well keep fingers crossed and imagine in 5 years to come where Crypto will lead us to.
If we have no confidence on crypto then there is no need to invest on crypto and many people which has not confidence on crypto and that's why there are away  from investing on crypto and/or they do not want to invest on crypto.
member
Activity: 854
Merit: 10
Yes, I agree with you. People do not want to invest in crypto for this reason. There are also some reasons for which people are reluctant to invest in Bitcoin.
As mentioned below

1. There is no proper knowledge about the crypto
2. Lack of complete faith in the cryptocurrency
3. Unwillingness to take risks

Yes, you are mostly based on the ICO's because we don't know whether they developed the products when they mentioned in roadmap after the crowd sales. Already we have faced many companies failed to develop the actual product after successfully raising the money.
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
I think that the biggest reason why they do not trust crypto is because they feel insecure, they often believe that it is a lie, that this kind of economy does not exist and that it can not be brought to real life. For many people this is usually the way out for their economic problems but for others it is usually the easiest way to increase or lose their capital.
full member
Activity: 518
Merit: 100
They have been brainwashed with the rumors that crypto has been largely used for crime such as buying drugs and funding terrorism. Where literally you can do that with cash too, as long as these rumors still spreading, they will think crypto as they know currently unless they are interested to learn.

It cannot be the main reason for their hesitation. They simply do not want to lose money if the crypto market falls the next time. People are not eager to risk anymore, and it is clear - they work too hard to lose everything fast.
hero member
Activity: 1092
Merit: 500
Maybe people don't want to invest on crypto because they are closed minded, poor of knowledge in crypto, thinking crypto is a kind
ponzi scheme, and lastly they are fear or afraid to loss their capital.
sr. member
Activity: 938
Merit: 250
Doubt and also they have no knowledge of cryptocurrency. most of them have read negative issues or risk risks in cryptocurrency, making them not invest in cryptocurrency. there must be easy knowledge for those who are still new,this is important because now there are so many people who have benefited from cryptocurrency
jr. member
Activity: 84
Merit: 2
Yes, I agree with you. People do not want to invest in crypto for this reason. There are also some reasons for which people are reluctant to invest in Bitcoin.
As mentioned below

1. There is no proper knowledge about the crypto
2. Lack of complete faith in the cryptocurrency
3. Unwillingness to take risks
hero member
Activity: 1204
Merit: 505
1. Blockchain has a long way to go to be a practical solution
Businesses will not miss the opportunity until the technology demonstrates its scalability. However, this can not be proven in the real world until the companies make the leap and produce a concrete result, not an experiment. Moreover, not all industries will benefit from blockchain, while other industries may face a costly and time-consuming conversion process so they choose blockchain over a network. now available.
2. Too easy to join
The real concern with a low barrier to participation is that there is no way to ensure that this technology will not become obsolete for several months. This is another reason why businesses have not implemented blockchain technology. Why invest in a blockchain while only a few months later will have a better blockchain next generation? Replacing and upgrading can be costly and time consuming.
3. Very few tangible means value of crypto.
One of the biggest misconceptions with digital currency is its mass acceptance of tokens, meaning that they are successful. Unfortunately, using a virtual currency does not necessarily generate revenue or profit for developers behind the token. Furthermore, blockchain technology tends to hold long-term potential values, not the token itself. Therefore, buying into a token that does not actually acquire ownership in the base blockchain does not make sense to the investor.
4. Tax situation is a nightmare
Investing in the crypto algorithm means that you need to track the increase and decrease in capital for each transaction. Even using your token to purchase goods and services will also serve as a taxable service, in line with the Tax Administration's tax guidelines.

The best reason is you can make more money with them. You can x2 x3 even x10 your property in a day or you can lose every thing. The higher the risk, the higher the profit.
No one is that much intelligent like you, they are not good at generating profit with 10x in a very short time. Many people are investing in the crypto coins but they don’t know how to finish it up with utmost profit possibility. Just as you are excited about it others are also exited but it won’t work until you don’t get the experience and proper knowledge. If they don’t do so and start it in improper way will result in loss and hence they don’t invest then with the perception that crypto does not work.
member
Activity: 210
Merit: 13
The top reason that I see people not wanting to invest in crypto-currency is that it is basically gambling. It is like gambling on a new high stakes game that nobody really knows all of the rules yet.
hero member
Activity: 2072
Merit: 503
Many people are stopped by fear. They are afraid of losing their money. But when the course grows, they regret not having bought it before. This was noticeable at the end of 2017. Soon, when Bitcoin rises again in price, many people will say the same
the main reason might be that many ICOs were scam, and began to spread bad news about it. well, this happened when in 2018. people's interest might decrease after that. now that there has been a recovery in the crypto world, hopefully it will get better.
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