Topic: The reason people do not want to invest in crypto - page 17. (Read 18951 times)
Fear is usually spread everywhere by interested parties I guess. Also people are always afraid of new technological things, that's kinda obvious too.
Lack of knowledge about crypto
Lack of understanding
Scared of loss
Some are just not interested.
Lack of understanding
Scared of loss
Some are just not interested.
From:
Mr. Jean Louis
Presenting Gold & Tanzanite to jewelers worldwide
Day 6 of week 26 of 2018
There are few fundamental factors missing when mentioning "investments in cryptocurrency". Let me lay it simple for you.
In general, there must be some exchange of values in background for the investment to be sound and reasonable.
INVESTMENTS IN CREATION OF WEALTH:
==================================
When I say "creation of wealth" I am referring to the actual goods, stuff, be it real estate, houses, bridge, road, steel, gold, silver, precious metals, diamonds and gemstones, jewelry, golf park, resorts, hotels, beaches, whatever is lasting very long time and retains its values over time.
For me, sound investments are those investments that are routed to creation of new actual and physical values. That is number one for me.
The exchange of values does exist here, and when somebody starts building new houses, investor will get his part, and houses will be built, workers paid, real estate owners will be awarded by rental or sales of such real estate, and new owners take their place and so on, it moves from hands to hands, wealth is there and remains for very long time in its existence.
For such projects to be successful, it requires good knowledge, experience and skills of the investment manager. It is possible to acquire quite good degree of certainty for such businesses to generate wealth.
When such projects are paid with cryptocurrency, then real values can be created and profits returned to the investor.
INVESTMENTS IN SERVICES:
========================
This is also sound and reasonable investment. Yet, services, however well they appear to be, they may not be long lasting over the time. Just think of some services, they last for as long as the people exist, and there is some market or uniqueness so that services cannot be easily replicated by others. In general, long term investments in services are very rare.
Yet, services are background activity that makes exchange with people, does something good to clients, and creates well being of all parties, and profits may be returned back to investors.
This requires well prepared service provider. Yet it is well possible to learn and acquire skills to provide services with a degree of certainty.
INVESTMENT IN SPECULATIONS:
===========================
Speculations, there are few definitions in 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 the right definition is there, it can be seen above.
Sometimes speculations may give good profits, but more often,
What is missing here is the knowledge factor, as it is simply not easy for everybody to simple make more and more bitcoins by speculating on its prices, or trading between currencies. If this would be so easy, then those professionals would be keeping it secret for their own benefits.
It is gambling and unsure.
Gambling with bitcoin prices has just longer time period or amplitude that is going to give the investor the pleasant or unpleasant surprise.
In my opinion, it is better doing such investments in few days, in a hotel, and by going into casino, gambling house, with friends, enjoying the time, and maybe gaining some profits or loosing, but in any case enjoying, then investing long term into Bitcoin.
Even if it does work, it cannot be repeatable and it is more luck than any knowledge, skill, or true business in background.
Mr. Jean Louis
Presenting Gold & Tanzanite to jewelers worldwide
Day 6 of week 26 of 2018
There are few fundamental factors missing when mentioning "investments in cryptocurrency". Let me lay it simple for you.
In general, there must be some exchange of values in background for the investment to be sound and reasonable.
INVESTMENTS IN CREATION OF WEALTH:
==================================
When I say "creation of wealth" I am referring to the actual goods, stuff, be it real estate, houses, bridge, road, steel, gold, silver, precious metals, diamonds and gemstones, jewelry, golf park, resorts, hotels, beaches, whatever is lasting very long time and retains its values over time.
For me, sound investments are those investments that are routed to creation of new actual and physical values. That is number one for me.
The exchange of values does exist here, and when somebody starts building new houses, investor will get his part, and houses will be built, workers paid, real estate owners will be awarded by rental or sales of such real estate, and new owners take their place and so on, it moves from hands to hands, wealth is there and remains for very long time in its existence.
For such projects to be successful, it requires good knowledge, experience and skills of the investment manager. It is possible to acquire quite good degree of certainty for such businesses to generate wealth.
When such projects are paid with cryptocurrency, then real values can be created and profits returned to the investor.
INVESTMENTS IN SERVICES:
========================
This is also sound and reasonable investment. Yet, services, however well they appear to be, they may not be long lasting over the time. Just think of some services, they last for as long as the people exist, and there is some market or uniqueness so that services cannot be easily replicated by others. In general, long term investments in services are very rare.
Yet, services are background activity that makes exchange with people, does something good to clients, and creates well being of all parties, and profits may be returned back to investors.
This requires well prepared service provider. Yet it is well possible to learn and acquire skills to provide services with a degree of certainty.
INVESTMENT IN SPECULATIONS:
===========================
Speculations, there are few definitions in 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 the right definition is there, it can be seen above.
Sometimes speculations may give good profits, but more often,
What is missing here is the knowledge factor, as it is simply not easy for everybody to simple make more and more bitcoins by speculating on its prices, or trading between currencies. If this would be so easy, then those professionals would be keeping it secret for their own benefits.
It is gambling and unsure.
Gambling with bitcoin prices has just longer time period or amplitude that is going to give the investor the pleasant or unpleasant surprise.
In my opinion, it is better doing such investments in few days, in a hotel, and by going into casino, gambling house, with friends, enjoying the time, and maybe gaining some profits or loosing, but in any case enjoying, then investing long term into Bitcoin.
Even if it does work, it cannot be repeatable and it is more luck than any knowledge, skill, or true business in background.
The country they live in will have an influence on investing and trading cryptocurrency. Usually for someone that live in the country and have a decision to ban cryptocurrency then most of media in that country will be greater to convey negative things to cryptocurrency and otherwise. Many people who agree on a media will form a thought for someone who reads any content they provide, except for those who want to know more about cryptocurrency and this is felt to be difficult for them.
in case you see the preceding market situation that become maximum of the foreign money display crimson signal so on that point human beings very afraid to invest with crypto currency. Too many people consider crypto forex might be result in a short time however after at some point later when crypto currency market become growing very quicker and display inexperienced signal then human beings do not hopeless about crypto forex and a few people begin once more invest with crypto forex.
Crypto totally virtual money. People generally use cash money for any kind of financial requirements but virtual money like crypto is totally unseen. So they generally get afraid to invest on Cryptocurrency. Most people are not well known about Cryptocurrency it can be one of the reason. On the other hand some people always discourage in cryptocurrency . These are the reason.
Because of always times bitcoin and etheruem price is increasing and decreasing. bitcoin price never be a stable form. so investors fear to invest in cryptos.
The reason why people do not want to invest in crypto is because of what they heard, the negative things about crypto and they cannot see the positive sign and they are afraid not to earned profit here.
I think the price is changing is the reason why people do not want invest in crypto, because they afraid that they cannot earn profit, especially that they money will lose if the price is not steady or low. The another reason is they don't have any ideas, knowledge and skills about crypto, so they were difficult to them to understand, this is why they don't want to invest.
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.
Lack of knowledge is the main reason why they are afraid to buy virtual currency. They thought that virtual currency is a scam investment. They do not know what it is and the function of the cryptocurrencies. 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.
Me, my personal reason is I know to myself that I can't but it is just for now. Coz I am gathering experiences, information, strategies and techniques before I enter the world of trading. When the day comes that I can do trading, maybe it will change a lot for me.
Preparation is very important before entering the world of crypto investment. I think the reason why people don't want to invest is due to volatility and risks. Aside from these factors, I also consider arising issues and controversies contribute negative impact. I believe legit information dissemination and spreading awareness would help change the mindset of the people or the public. Yeah and if you don't make your own research and study, what you hear and see in the news would likely convince you avoid crypto. There's promise in this market for growth but one has to be prepared for the ups and downs you'll surely encounter
for me there are three reasons why they do not want to invest in crypto
1. they have not known crypto
2. they are not interested
3. they are afraid to invest after losses
I agree with what you say, usually they do not know what the purpose of crypto, for what, and what are the benefits, it is very difficult to make people who do not know about crypto to invest, let alone invest in crypto is quite risky. 1. they have not known crypto
2. they are not interested
3. they are afraid to invest after losses
Crypto currency has a high risk and if you are lucky then you can get a big profit but if you are wrong in making decisions then you can lose, that's what makes people afraid to invest in crypto
Me, my personal reason is I know to myself that I can't but it is just for now. Coz I am gathering experiences, information, strategies and techniques before I enter the world of trading. When the day comes that I can do trading, maybe it will change a lot for me.
Preparation is very important before entering the world of crypto investment. I think the reason why people don't want to invest is due to volatility and risks. Aside from these factors, I also consider arising issues and controversies contribute negative impact. I believe legit information dissemination and spreading awareness would help change the mindset of the people or the public.
I have some points
The fluctuation in BTC price does not make it much acceptable as fiat currency.
The reachable is also limited to few technical advanced people.
Local government has not cleared its position till now.
High risk
The fluctuation in BTC price does not make it much acceptable as fiat currency.
The reachable is also limited to few technical advanced people.
Local government has not cleared its position till now.
High risk
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.
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.
There are different ways on how an investor refuse to use cryptocurrency, there is a fud that is spreading in their country which can change their mind or friends who experience on losing money in trading or scam experience that can actually become a false humor.
The reason people don't want to invest in cryptos, its several online scam,and they are probably not sure of the Crypto world..
One of reason is they does not have knowledge and does not know what is cryptocurrency, what to do to make money from it, and many people dont know how to do buy and sell crypto on the exchange. They think jump in to crypto is complicated and they also thinking only professional people can do that.
One of the reason is they are afraid being scammed because there are some people taking advantage of crypto they introduced to those new the ponzi schemes
For me there are so many reason why many people in this world is dont want to invest in crypto, and one of the reason is people are still not knowledgeable that they can earn huge profit in crypto and the other reason is they are afraid to lose there money.
Point 1 is indeed true. A lot of businesses or organizations are still skeptical about the blockchain technology and its sustainability in the future. But I am quite sure that the blockchain technology has come to stay but will only take a little while for full acceptability.
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