Topic: The reason people do not want to invest in crypto - page 9. (Read 18951 times)

Many people do knot know what is crypto about, so lack of knowledge is also one of the reasons.
Another important reason is the fear from the loss. Crypto market so unpredictable and volatile that many investors avoid it as they  afraid of losing their funds.

These are the kind of people who are afraid of taking a high risk investment.
They want low or medium risk and wants the traditional one, if you invest in crypto, you are like investing in a new tech that could fail or succeed.

Another reason why people do not invest in Cryptocurrency is because of the volatility nature of Cryptocurrency.
Not everyone has the mind to invest in an environment whereby ones capital can reduce drastically in the next minute after investing.

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 think the main reason is the fear of losing money. But in order to learn how to trade, you can first try to trade a virtual account, without the threat of losing money. I studied the new Velvet exchange there is such an opportunity, plus there is a lot of informative information about trading, it will be useful for beginners.

Perhaps it is feared that Bitcoin would be banned from goverments. And fear of the rapid price fluctuation of the market. Besides people are afraid of
 Bitcoin unmanaged and difficult to control the situation which can make psychological factors spread.

Many people do knot know what is crypto about, so lack of knowledge is also one of the reasons.
Another important reason is the fear from the loss. Crypto market so unpredictable and volatile that many investors avoid it as they  afraid of losing their funds.

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.

Bitcoin is currently dropping in price and it has totally affected the overall blockchain sector, the current situation seem to be worse as minners are now finding it hard to mine ethereum with GPU https://all-stocks.net/report-mining-ethereum-with-gpu-becomes-unprofitable/, i just hope the sector comes back with a full force in 2019.