Topic: The reason people do not want to invest in crypto - page 31. (Read 18951 times)
Many people love stability, avoid stress. Investing in the crypto currency is a total stress. And, of course, you need a certain amount of knowledge, and many do not want to spend time studying information, even for profit.
Fear is the main reason people don't want to invest in cryptocurrency. People like stability and pampering with assurance. Cryptocurrency is not meant for many people since it doesn't entertain some of the traditional sentiment for investment.
We have a lot of reasons:
1) People are lazy it is hard for them to learn smth new.
2) People afraid to loose there money, they want to only earn money without any risk of loosing.
3) Gossips. A lot of people loose there money because of there inexperience, scammers and etc. And after that they tell everyone about negative trading and investment.
4) Scammers. If you will deal with scammers and loose there money you will not doing it again.
1) People are lazy it is hard for them to learn smth new.
2) People afraid to loose there money, they want to only earn money without any risk of loosing.
3) Gossips. A lot of people loose there money because of there inexperience, scammers and etc. And after that they tell everyone about negative trading and investment.
4) Scammers. If you will deal with scammers and loose there money you will not doing it again.
I add a little point why they do not want to invest in crypto, because there is no law that regulates the regulation of investment in crypto. So everything is uncertain.
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.
Are you the author a Vietnamese with the name Tuan ?
I wish to add 1 more ridiculous reason from Vietnam. Here in my country, media calls cryptocurrencies "virtual money" (tiền ảo)
That cunning word makes people have really bad prejudice about cryptocurrencies and they do not want to learn or to care about blockchain nature of cryptocurrencies anymore. Many of the others hold or join cryptocurrencies just because they are greedy for a super profit.
I have a friend, an older friend. He joined Onecoin, Swisscoin, BEC, Bitkingdom ... all kinds of MLM "virtual money" scam and he does not have even a satoshi in his electronic wallet. He does not want to care Bitcoin, Ethereum, Ripple ... or anything I introduced. Because he thinks those things are not for sure and "guaranteed" profit. He loves the MLM commission and has no idea about genuine cryptocurrencies for years.
I am also a victim of the cunning media in Vietnam with their super word "virtual money".
In 2010, I began to notice Bitcoin. But I did not have much time to find or read about blockchain. So my initial interest was immediately extinguished after I read some news that called Bitcoin "virtual" money and warned the people about scam.
Just until 2016, I came to read about Bitcoin and blockchain. I knew it was a new era. But it was too late to make millionaire dream come true.
Yes, "virtual money" ! That is the word they call cryptocurrencies in Vietnam. Many of people think "WTH ? Even real money can be lost, how can virtual money be safe ?"
They are afraid to lose some of their money because we know investing in cryptocurrency is dangerous because they have probability that your money gone or decrease. But take nots all business have risk or chances to lose your capital. The advantage of crypto yes you cn lose but you can get high profit if you choose right altcoin to invest your money. Don't be afraid to start investing in crypto just invest only the extra money..
It is not exactly like investing in crypto currencies is dangerous but investing in a wrong digital coin is dangerous. There are hundreds of options now but with new coins come new threats too. Therefore, a person should do some research first and then choose any potential coin that has been here for years now. Like bitcoin, it has already demonstrated what it is capable of. It is actually my top recommendation too.
One of the innate qualities of human beings is that they always desire and endeavor to keep the coins in a safe place or around them to feel secure about it rather than investing their money in one place. Distinctively on the internet (most online wallet is selected). It's like aquaculture in the sea. It's hard to convince and change their habits. Unless, they themselves decide to invest in crypto. 
In a couple of days ago crypto currency market was not good. If you see the previous market condition that was most of the currency show red signal so on that time people very afraid to invest with crypto currency. Too many people think about crypto currency will be end in a short time but after someday later when crypto currency market was growing very faster and show Green Signal then people don't hopeless about crypto currency and some people start again invest with crypto currency.
I doubt that the tax is the problem. I think people dont want to invest in Bitcoin because they do not understand what it is and how it works.
Then I think they are the most stupid persons on the earth. If they don’t know about something, definitely they will not be investing in bitcoins. They must understand the importance and prosperity of bitcoins. They must know how better bitcoins would be giving out the profits to users in short and long term. When they become convinced, they must be learning the how and what of bitcoins.
They are afraid to lose some of their money because we know investing in cryptocurrency is dangerous because they have probability that your money gone or decrease. But take nots all business have risk or chances to lose your capital. The advantage of crypto yes you cn lose but you can get high profit if you choose right altcoin to invest your money. Don't be afraid to start investing in crypto just invest only the extra money..
Simple reason..they dont have enough money to invest lol 😂
Those hesitant to put their money in crypto are those people that no nothing about technology most of them are late bloomer and dont trust virtual world,thats why they will only invest in physical form and not on virtual..
I respect their prerogative but im not closing my door that in time they will realize what missing in this one .
Lets continue to spread the word of cryptocurrency for those non believers to try here,and might enjoy earning bucks in this community
Those hesitant to put their money in crypto are those people that no nothing about technology most of them are late bloomer and dont trust virtual world,thats why they will only invest in physical form and not on virtual..
I respect their prerogative but im not closing my door that in time they will realize what missing in this one .
Lets continue to spread the word of cryptocurrency for those non believers to try here,and might enjoy earning bucks in this community
The people are afraid to invest in crypto because the prices in the market is so volatility and not stable or the projects are they invested will be a scam and so very risky to invest in crypto, or the people didn't enough knowledge about crypto currency.
They don't know that the price fluctuates can make us get great benefits, but it also requires a good knowledge in order to make investments with Crypto can really give us a lot of advantages.
One of the major factor is that crypto prices are unpredictable. No one can say when it will rise up and when it will go down, and it changes every second. Some says that crypto prices specially bitcoin are being manipulated by crypto billionaires.
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.
This is one very brilliant assessment of the cryptocurrency trend. I am giving you a single merit because of this. Indeed, cryptocurrency and the technologies it is promoting alongside itself, have a long way to go. For sure, the world will not just forget the traditional systems and shift to blockchain and crypto overnight. But I believe we are going there and a bit faster. I also think that a lot of investors are thinking twice in investing into crypto because of the more basic reasons such as plain uncertainty and misconception.
one of the main reason why so many people didnt want to invest in crypto because many people use it in other side and to the scam. and even our government blame so many people to not to invest in crypto, government tell the negative way on investing in crypto.
The people are afraid to invest in crypto because the prices in the market is so volatility and not stable or the projects are they invested will be a scam and so very risky to invest in crypto, or the people didn't enough knowledge about crypto currency.
Crypto is too risky due to the fluctuation of prices and has the possibility to loss of coin .Whereas, if they already have a good strategies and courage to invest they will able to take huge money as well but perhaps if they will able to experienced things on crypto I think chances of fullfilment may granted.
The people are afraid to invest in crypto because the prices in the market is so volatility and not stable or the projects are they invested will be a scam and so very risky to invest in crypto, or the people didn't enough knowledge about crypto currency.
I think the main reasons is
1. they are afraid to lose their money
2. they are afraid of the unknown
1. they are afraid to lose their money
2. they are afraid of the unknown
As being a totally new thing people have doubts in their minds. It’s riskier than common business investments but taking a smart risk can give you a strong boost.
If you are the one who is living hand to mouth and wants to score big than investing here will not be a good choice because of constantly hovering risk.
If you really wanna score big and you have no internal knowledge about this whole scene than you better avoid it as investing here can prove to be nightmare for you.
If you are the one who is living hand to mouth and wants to score big than investing here will not be a good choice because of constantly hovering risk.
If you really wanna score big and you have no internal knowledge about this whole scene than you better avoid it as investing here can prove to be nightmare for you.
Lack of proper support regarding the system, if you want to invest in crypto you need to manage everything yourself. Hence, making difficult for many dependable users to enter crypto. Many people fear losing their money which makes them resistant towards cryptocurrency, lack of media support or public talks which help people know about this industry deeply.
Crypto is still restricted to trading only due to which many people think as a gambling place to lose their money, they should deeply research and join after reading of this decentralized system.
Crypto is still restricted to trading only due to which many people think as a gambling place to lose their money, they should deeply research and join after reading of this decentralized system.
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