Topic: The reason people do not want to invest in crypto - page 34. (Read 18926 times)

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.

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.

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.

Lack of knowledge and lack of confidence are the main reasons behind this and that people still don’t think so that crypto currencies can help them in having more earning.

All they know about the crypto currencies is that they are illegal and that investing into these coins will be a great loss and that they will not be able to make anything good. It will take some time to change the opinion of such persons and to understand this thing that investing in crypto will make them richer.

The main reason of people is do not want to invest, because they are scared to losing of money
because invest in the crypto is very risky, but possible can get a lot of profit too.

I think the issue here is more political than business. Politics is an important segment in any business, and if politicians are cautious about cryptocurrency, then the investor will also be the same.

In order to persuade something for doing a particular task, you need to make him an offer that he can’t reject. This is a fact that money is required for surviving in this world. Moreover, nobody likes to get less reward than his efforts which is the case in many job fields. Investing in digital market that is small and has potential to grow is the most profitable income source. This should do it.

You have known the reasons and now how to influence people want to invest in crypto. Maybe you can give the suggestion for us especially for me. So we can tell them about invest in crypto.

In addition with reasons noted above, I can notice also that many people have fear because the crypto volatilty and the market unstability, they dont want to risk their real money in such conditions. Some other people just have wrong and fake ideas about Bitcoin and crypto currencies in general and even they think that they are a sort of ponzi scheme.

we have a lot of news we heard and maybe thats why people are afraid to invest in crypto  because of its digital and i think people are afraid to invest because they are also afraid of loosing money and also maybe they think that it was a scam just like the we heard.

I would not say they are not interested. I would rather say they are just too scared to take some certain risk and that is the major problem a whole lot of them always end up having. The inability to want to take some certain risk in life is what has differentiated those who invested earlier and some who heard about it and decided not to do anything and this is a cycle that would keep on going until we get to the laggard stage of adoption.

Ignorance may lead to big regret too. If we check across this forum, we can see many people are crying for their ignorance by the years 2010 or 2011. I must be one of them.

people doesnt want to invest in crypto maybe because they are not intersted on it thats why they dont want to invest, second is maybe they dont want to loose their money ,third is maybe because they dont have the knowledge and thoughts about crypto so i guess thats why they are afraid or they dont want to invest in cryptos.

Yes, not investing in crypto and especially with bitcoin may turn as a life time mistake too.

They are panic to invest because of the lier and a scammers attacking specially in crypto. And it's too risky to invest for some crypto. But for the best, they just need to learn first how to manipulate their own money before invest.