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.
Topic: The reason people do not want to invest in crypto - page 28. (Read 18951 times)
In my experience People who seem to know about Crypto and still don't invest is because of the risk associated with it. They don't seem to know much or are not interested to learn about underlying technology. But i believe BLOCKCHAIN will eventually go main stream.
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.
You have valid arguments..but the thing is we are missing a killer app that really shows how efficient the blockchain is. For instance, someone living in Dubai sending money to someone living in Australia relatively easier just through mobile app. Many blockchain projects are there but we haven't realized the benefits yet. Time will tell more.
I think most people are afraid of investing money in crypto due to the fact that they don't want to lose money. Crypto is the currency of the future and now price is fluctuating much, it is impossible to avoid risks
they are accustomed to investing with the official market, and crypto is too risky for them because it has not become a legitimate means of payment, the fluctuations that occur in cripto are more interesting than forex because it can generate more profits, but it is reasonable that many people just want to play on the trading platform which is recognized by the government.
I think most people are afraid of investing money in crypto due to the fact that they don't want to lose money. Crypto is the currency of the future and now price is fluctuating much, it is impossible to avoid risks
I would say, that most of people just dont have enough understanding of how things are working in crypto, so they are too lazy to dip in.
As I see it, people simply are watching how the prices fall (sometimes), and they are afraid to take risks. They are scared of the cryptocurrency volatility. People do not realize that it can help them even to earn.
You forgot to mention the most important point - People's Apprehensions with the cryptocurrencies.
So many ICOs run away with people's money and it has created a huge fear in the minds of people.
It is very hard to trust something like that and putting your hard earned money in it is even tougher.
That's the biggest hindrance in the path of Cryptos.
So many ICOs run away with people's money and it has created a huge fear in the minds of people.
It is very hard to trust something like that and putting your hard earned money in it is even tougher.
That's the biggest hindrance in the path of Cryptos.
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 would say, that the main reason, why people do not invest into crypto is, that they do not have enough knowledge.
As I know there aren't exists traders that won't get dissapointed in trading, succesful trader instead of that character always positive and ready to lose
I think the reason is obvious: people are afraid of the market volatility. Look at the situation: how can you invest ( a newbie position) if the coin you choose can fall soon? It is a VERY risky business.
I feel pitty on those who doesn't gets the real values of btcs and blockchain. The points you mentioned are true but none can make them understand so
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.
Many people only hear about crypto but never know and understand the real value that can be gained from investing in crypto. Also some people think that crypto is something of a virtual value and very high risk. 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.
I do not know for sure why they do not want to invest in crypto but I think it is because now too much altcoin and many who do a scam that makes the ivestor afraid to lose their money again
Those scam coins could be one of the reasons, obviously such bad news brings negative effects to crypto reputation. People may feel too worry to invest in crypto because many scams, many failed projects, or maybe they are too afraid of its unpredictable price that can go down and up significantly.
Recently, bitkoyn and other crypt currencies soar and fall sharply, and some coins generally depreciate. I just do not want to be at a loss.
1. For crypto currencies, blockchain is not a problem it's the solution. You don't need a solution from Blockchain, it's already a solution. But if you wanted to mean that Bitcoin transactions yes, it has to be improved. But there are faster and cheaper transferable alternatives, if you want to invest...
2. Fiat currency is also too easy to join, why do people invest on fiat currencies?
3. This is the way for some people make money. But it doesn't mean that's same for everyone..
4. This is a regulation situation. There are over 1500 crypto currencies which are not controlled by governments but we do trade by depositing fiat currencies which belong to countries. Governments don't know how to regulate exchanges because they "discover" that they can't regulate cryptos...
2. Fiat currency is also too easy to join, why do people invest on fiat currencies?
3. This is the way for some people make money. But it doesn't mean that's same for everyone..
4. This is a regulation situation. There are over 1500 crypto currencies which are not controlled by governments but we do trade by depositing fiat currencies which belong to countries. Governments don't know how to regulate exchanges because they "discover" that they can't regulate cryptos...
I do not know for sure why they do not want to invest in crypto but I think it is because now too much altcoin and many who do a scam that makes the ivestor afraid to lose their money again
Those scam coins could be one of the reasons, obviously such bad news brings negative effects to crypto reputation. People may feel too worry to invest in crypto because many scams, many failed projects, or maybe they are too afraid of its unpredictable price that can go down and up significantly.
Despite the unambiguous positive trend of crypto assets growth, they remain one of the most volatile and risky investments. But the more the growth trend is strengthened the more greed wins over caution
I think there are some reasons why people do not want to invest in crypto, and the first one is the crypto is not yet so popular in this world and and the second one is many people until now are choosing to put there money with banks over bitcoin. 
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. they have not known crypto
2. they are not interested
3. they are afraid to invest after losses
That is what is in my mind too they do not know cryptocurrency that much or maybe they do not really know it because there are still some places that the people in their do not know about that. And they are not interested at all and that is those elders because there are not use to that thing but I am not saying that all elders are like that and lastly they afraid that they might get scammed because there are a lot of news saying that this is a scam and a lot of rumors too that are having a misconception about the real value of this.
I do not know for sure why they do not want to invest in crypto but I think it is because now too much altcoin and many who do a scam that makes the ivestor afraid to lose their money again
Despite the unambiguous positive trend of crypto assets growth, they remain one of the most volatile and risky investments. But the more the growth trend is strengthened the more greed wins over caution
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