Topic: The reason people do not want to invest in crypto - page 14. (Read 18926 times)

What I can see on this board, there is discussion about why people do invest in cryptocurrency or not. But what I see is that some of you don't see what you are discussing here. Let us go to fundamentals and clarify what does it mean "invest".

Some of you maybe refer to invest as "buying". So let us say you buy a car, you can say this is investment. But you are using your car, of course it is investment but not in the definition of investing for profit.

Some will buy a car as trader to resell it, then such car has investment meaning as how I understand it. Some people will invest into their knowledge and will buy books, educational media or similar, but that is not investment context I am referring now.

If we speak of general investment we shall put profit there as a goal. So people do invest all over the world with profits in mind.

So where are majority of investments? In businesses. People invest into creation of new services, new products, manufacturing, production, people invest into something that is valuable for other people. You can see shops anywhere, people on street providing services, selling fruits, anything is there, just observe around you and you will see the majority of investments and where they go. It is all visible and in front of each of us, easy to observe.

Now we come to the question why people don't invest into cryptocurrency?

It is very similar question like why so many people don't go into gambling house and enjoy there while maybe loosing or winning money?

So the question itself is question of percentage of people who like and know what is speculation. Speculation is not investment into business.

speculation -- from Wordnet dictionary

The noun speculation has 4 senses (first 3 from tagged texts)
1. (2) guess, conjecture, supposition, surmise, surmisal, speculation, hypothesis -- (a message expressing an opinion based on incomplete evidence)
2. (2) speculation, conjecture -- (a hypothesis that has been formed by speculating or conjecturing (usually with little hard evidence); "speculations about the outcome of the election"; "he dismissed it as mere conjecture")
3. (1) speculation, venture -- (an investment that is very risky but could yield great profits; "he knew the stock was a speculation when he bought it")
4. meditation, speculation -- (continuous and profound contemplation or musing on a subject or series of subjects of a deep or abstruse nature; "the habit of meditation is the basis for all real knowledge")

So maybe the definition number 3. fits into pure investment into Bitcoin or other cryptocurrency, because it is purchase of currency with some hopes that price is going to change in future, and that there will be win while selling such currency.

It should be obvious that such speculation has no longevity, as you simply cannot repeat that as many times as you wish. Maybe you are lucky, maybe not. But there is absolutely no control unless you are some bigger player. It is not for majority of people.

Investment into any currency with purpose to sell it later for some profit is pure speculation, and not investment in terms of providing services, products, production or similar.

So there is nothing behind any currency that is giving exchange to other people. There is no hair dresser service, no bread, no car, no motorcycle, there is nothing worth really for other people if anybody buys currency.

I am purchasing Bitcoin for US $5,000. Alright. How did I help anybody in the world? I have not.

Do I have any control over purchasing Bitcoin, like do I know at which date can I sell Bitcoin to earn like US $100? I have no control. But maybe I have luck. Or bad luck.

By simple purchasing Bitcoin do I support anybody to provide any service or to manufacture any product or to provide any kind of tradae? No.

So purchase of any currency alone, with purpose to profit is for me similar to gambling.

One of best stock traders from France worked with me in past, and I have brought some clients to them. Newspaper articles were all over, Internet was speaking of him. He was offering 1-2% per month to investors. After one year or something, he could not work anymore, business was not as easy, and his company failed.

In general, when choosing where to invest, choose those activities where you can get insight, control, timeline, times, dates, where you can understand how that activity is providing a service to other people, how activity is valuable to other people, wanted, demanded, which products are given at what time to other people, that way you can choose better investment activity.

Bitcoin is excellent way of making payments. It is bad to store any values inside for future. Not at this moment.

Before entering into this market, they must equip themselves with a new source of knowledge and take risks if anything happens. Most people are only interested in profit and are willing to give up the advice that their predecessors have. This is completely wrong because without the right advice you will be more likely to make mistakes.

Because the market is always risky, it can lose capital if not careful and without knowledge, hackers always stalking our account, so security is always the most important.

Because they don't understand it? I know this is trading discussions but bitcoin is not something you trade to make profit. Well crypto is not something you trade to make more money. In crypto world you get in with your fiat money first. Than you take any coin you want, you use it or spend it or do whatever you want with it. You keep that as much as you want and do those things as long as you want and in the end there are two options, either you cash out because you need money or you cash out because you became rich and want to buy silly stuff.

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.

crypto is still growing the industry we cant expect everything to stay in place overnight in a year or so once the corporations and governments understand the importance of blockchain and bitcoin then the mass adoption takes place

It is actually the first decade of crypto like Bitcoin and the rest of the crypto are still under ten. Also there are government banns on crypto in various countries. Due to these reasons, most of the people are not aware of the technology even. As a result they consider investment risky. Besides, the price fall has been a factor that can even shake the mustered up courage of the new investors and they cash out low there by creating a negative image of the crypto. This is the reason, people fear to invest.

Some people wouldn't want to invest in cryptocurrency because they don't have enough knowledge about it. There are others who aren't risk takers. Some also are not open-minded and doesn't want downfalls.

For me there are a lot of people who dont want to invest in crypto because they are really afraid to lose there money in crypto and also for me lack of knowledge on crypto is one of the reason why some people dont want to invest.

Hi All,

According to my mind there are some risks in this cryptocurrencies.

1) Loss or destruction of the private key
2) Other cyber-security risks including malicious activity
3) Risks associated with peer-to-peer transactions
4) Other risks related to trading platforms and exchanges
5) Loss of confidence in digital currencies
6) Regulations preventing or restricting trading of digital currencies
7) Currency-conversion risks
Taxation of digital currencies
9) Slow-down of network
10) Dilution due to competition or “fork” in the Blockchain

Thanks.

Yeah if all people will start buying bitcoin I am sure no one will be interested in fiat or real money, we should encourage those who are trying to buy some more bitcoin because we know bitcoin is the only currency which gives profit, so I think soon they will allow their people to use bitcoin and to invest legally allowed, it is good to bring bitcoin as trend in any country because it makes the people rich and makes economy better so I think no country is intent to ban bitcoin anymore.

Some people get afraid and some people are not aware of its benefits although some people desire for crypto but have no knowledge about it to run and handle properly. On the other hand almost all people belong to developed countries are studying and looking for placing their wealth here because the benefits are visible and are in front of all of us. Therefore it is growing with the passage of time all due to its responsive actions.

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.

I agree with most of what you say, But Mostly it is down to fear of the unknown, Human nature naturally steers people away from risky situations- But the opposite is also true, just look at Dec price action- People see gains and cant control their urge/greed to want a piece. Just my 2 cents

People now a days just want to earn profit but they did not want to work hard, but if they are not lazy on cryptocurrency then they can probably become very rich in just a short amount of time.

we must understand that the crypto world is for risk takers and not the ones who go for guarantee salary and investments. So many people here have lost money due to scammers  and those stories are heard more than the good ones which tends to scare the new investors.

Those who arent aware of blockchain technology they are the ones who are fearful in investing in cryptocurrencies when the market turns to panic and downtrend they lose confidence

In my own opinion, the only reason why people are not investing on cryptocurrency is because they are afraid to take risk and they just want to earn profit bu the market is volatile so there is no assurance if you are going to earn profit or not.

In view of and exploring some in practice. I think the following factors are the reasons:
- conservative in trade and investment.
- The nature of some people on the concept of trade and investment earlier contradicts the type of investment in crypto.
- They can not become strong in decision.
- not knowledgeable about the crypto market and the principle of operation for profitability.

There are too many reason people do not want to invest in cryptocurrency but it is very important that is cryptocurrency market is not always stable, it is up and down very fastly so people very afraid to invest in cryptocurrency other reason is hack problem. There are too many people lost his money in this region because a newbie doesn't know how to secure his account so people very afraid in this matter.