Topic: The reason people do not want to invest in crypto - page 37. (Read 18951 times)

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.

Honestly one reason from your list is good enough to scare someone from investing.  We can't blame if other people won't believe this blockchain technology because it is not often that you will find something like this to get your income from. It is hard for them to believe and it can be their loss.

Investing crypto will not be easy especially if you don't have patience.  The volatility of the coins and the news which is mostly bad will get into our nerves and if you can't handle it,  consider yourself loosing before even starting.

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.

Still it is possible to finish a couple of reasons. One of the reasons is the fear of the unknown, that is, a lot of people still do not know bitcoin and blockade. Therefore, it is difficult for them to make a decision.

Though there are really many reasonable points that deter people from investing in crypto, the reward is very high so it is not crazy to invest some money in crypto.

Yes its true, people don't want to invest in crypto because of lack of knowledge and because of those people who are using this in a bad manner that's why people think that this is a scam.

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.

ICOs ? it's a cancer in cryptosphere mate.
as we can see,many people started to join the community after they heard the ads on internet about 'something' related to cryptocurrency and technology such as those ICOs.
they felt intrested and started to join,
but when the project concluded the sale,they're gone forever.
that was why many people do not want to invest or join or whatever you called it their money or time into cryptosphere.
every bad news that we heard was related to Fraud and Fake ICOs,nothing great came from those shitty ICOs i believe.

While that to a greater extent makes sense, scam and legitimate ICO's aren't always that easy to seperate. It's not that every scam ICO is advertising itself to hand people over crazy bonuses if they invest in the first or second stage. Look at how cloud mining services are passing off their products, while in reality it is actually a legal form of scam, even when they are actually mining; they just rip you off in all possible situations. Another thing is that most ICO's, legit or scam, will eventually end up failing and going down anyway, so losses are inevitable in people's ICO investment journey. In other words, is somewhat of a gamble. Knowledge reduces your overall risk exposure, but it won't prevent you from falling for potential scams. Don't forget that scammers throughout the years became far more creative when it comes to hiding the shady nature of their intent.

In my opinion. Main reasons are low quantity of very successful ICOs, and not too much positive news.

There are various reasons that people do not want to invest in crypto. First is that many people are unknown about the concept of cryptocurrency. Second, people are afraid to invest in cryptocurrency due to various reasons like risky nature and instability of the crypto market. Further cryptocurrencies are not recognized legal by many countries. This restricts them from investing in cryptos.

In my view, three reasons they do not want to invest in the crypto and bitcoin markets are:
1. Have no self-confidence with knowledge and understanding of the market, and with that they do not endeavor to master wallet / transaction accounts.
2. The crypto market is uncontrolled and tainted by the rules of legalization.
3. Risk of loss and hacker attacks + impatient.