Topic: The reason people do not want to invest in crypto - page 25. (Read 18951 times)

Because Crypto is now too risky, they can take away your capital at any time, the market is uncertain, prices fluctuate no one can predict their upward trend. So people are afraid to join Crypto.

I think that this is a question of the very nature of man. The basis of distrust is fear. so that new and something unknown scares. Over time the situation should be corrected)

number one reason why people do not want to invest in crypto is that they have little or no knowledge about cryptocurrency and you cannot invest in something you do not know. secondly, I have discovered that a lot of people are afraid of losing their money and this has made them stop giving crypto investment a trial. thirdly, the previous failure is another reason why people do not want to invest in crypto anymore. trading crypto involves a lot of risks. in fact, there is just a little difference between gabbling and trading

until today in the world and so there were quite a lot of financial pyramids, because of which many people lost their means. That's why people have a fear of possible fraud. and another important fact, which negatively affects the current situation, is the investment in Bitcoin in 2017. Today, these investors probably regret their contributions.

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 think the main reason why some people do not want to invest in crypto because they do not fully believe in crypto. They do not believe in the existing technology in the crypto world and do not believe in the digital currency in crypto. And surely they are very afraid to invest in crypto because there is no government set this digital currency.

I think it's natural when they are afraid of something new because it is a reasonable protection from humans, but the thing that makes them more afraid is the media, they say that bitcoin is a very high risk investment, very likely to be a scam and harm you, a lot of scams and crime, so people are increasingly afraid to invest in bitcoin

until today in the world and so there were quite a lot of financial pyramids, because of which many people lost their means. That's why people have a fear of possible fraud. and another important fact, which negatively affects the current situation, is the investment in Bitcoin in 2017. Today, these investors probably regret their contributions.

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.

Maybe the one reason is,crypto investment is always risky. Its a high risk,high reward type of investment. If you have a doubt,you should invest a worth of money that you're willing to lose.

I think that this is a question of the very nature of man. The basis of distrust is fear. so that new and something unknown scares. Over time the situation should be corrected)

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.