Topic: The reason people do not want to invest in crypto - page 12. (Read 18951 times)

Yeah you are right, there are many coins which has no credibility and if they do not collect funds they stop their coin and do not pay their investors. All the investments of the people being lost. Hacking is also a problem. These are the problems that people want to be stopped but the controllers do not take any actions about these big problems.

I think that the reason why people do not want to invest in crypto currency because because of the technology gap and banal education of the population.

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.

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 volatility of the bitcoin is one of the reason why people have fear to make investment with bitcoins. They know that they can lose their money if they do not have sufficient knowledge about cryptocurrencies.

That's right, if one day all States legalize Bitcoin then I'm sure it will be more people who will invest into the world of crypto, they are still waiting for the Government set a clear status against Bitcoin. I think this is one of the reason they are not want to invest in crypto.

No it is not the Ponzi scheme at all. There are people who simply do not understand the technology. The major reason why people do not invest in cryptocurrency is the lack of knowledge as a result of which they cannot see the perks and benefits they could get.

The uncertainty in the business is one among many reasons that lowers the demand.  Also the government regulations and the tax decrease the demand for the crypto. These are the reasons people do not want to invest in crypto.

Knowledge is one thing. There is risk in investing in crypto currency that is one reason people are afraid of investing in Bitcoin or crypto currency. Besides, the down market often lasts longer and at times people just cannot get enough money for their needs that is why the business is often not preferred.

Price manipulation has created a threat to the invested money and at time one has to hold the portfolio for long to stay away from loosing money.

For this reason people do not invest in crypto:
1. They don't know what is crypto.
2. They have no faith in it.
3. They afraid to scammers.

I don't have any idea why there's people who hate bitcoin, who dp not want to invest in bitcoin but there is only one thing I know and that is they are lack of knowledge about cryptocurrencies and about trading. They are lack of idea what will trading and investment in Cryptocurrency may bring to their life kn future.

First, lack of knowledge in cryptocurrency that's why they don't gain interest on investing in crypto. Second, even if they want to they are just too afraid of getting scam and being fooled by abusive people.

For this reason people do not invest in crypto:
1. They don't know what is crypto.
2. They have no faith in it.
3. They afraid to scammers.

People are afraid of being scam by greedy scammers and afraid to lose their money. We all know that there are lots of news regarding bitcoin being use as a Ponzi scam, and because of that people lost interest on investing in crypto.