Topic: The reason people do not want to invest in crypto - page 21. (Read 18926 times)

Fear is the primary reason.  People have been taught over the year to play it safe,  never to live on the hedge and to always go for mutual funds investment that has very low risk and to be content with little!

There are various reasons why people prefer not to invest in cryptocurrency. Some of them think that cryptocurrency is a scam, or maybe due to false news, it could also be due to misinterpretation of its usability, lack of knowledge on how it functions and a lot more. The risks and volatility can also be another considerable factor why people fear 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.

Most common reason is its stability, most of the cryptos are not that stable so investing on them is really risky. So basically they fear that the money they have invested on these coins would be gone for nothing.

I'm totally not surprised that so many people in cryptomarket expects them to avoid taxes from the country governments, while they were really againist of all these bans that happens

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

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.

Most of those people that do not want to invest in the cryptocurrency are simply scared by its high volatility. They are afraid to lose their money and never get the profits. They cannot take the market fluctuations as a norm.

should be because the market is still without regulation and the market is still regard as very new, while the world was relying on the service and needs to do any transaction with a guide from the third party, so the crypto world has made them feel less secure.
Like how teenagers are easily adapting the change in the digital world while the olders take more time to accept this behaviour.

I think people do not want to invest in crypo because they afraid of lossing, they don't have enough knowledge on it. They don't want to earn big big profits or they are contented if what they have.others they believe thay bitcoin is a scam.

Well i think they know already about bitcoin. But maybe they didn't want a long term. People needs to habe more patience on crypto feild. So then if you wanted to earn in a verry short term crypto currency is maybe not for you. I think of we have patience we have also a future in crypto currency feild but if we don't have enoughf patience. We can also loss on this feild.

I feel that the reason why people distaste investing in cryptocurrency is not Lack of Knowledge but Lack of interest in knowledge.....

Because once you understand the ideology behind blockchain technology and what the future holds for it, you have no choice than to get involved ASAP. Aside making profits from it, the power that blockchain is giving back to the people because of the internet is awesome. its decentralized nature is superb and lots more... 

Tell you what there is hardly few people who really cares about the blockchain being developed and the dependency of the crypto projects on it. They just overlook whole thing and get attracted to it for the purpose of profits. I mean if you show them the profits then boom there you go, you will tons of people as investors in the bitcoin or crypto currency as whole. Believe me thats what always happens whenever the good and bad news pops in. Its about the price and not the developments. Ask yourself, why are you here, to make profits or to take the daily updates on how blockchain is getting developed?

Just a thought though!