The most important thing to consider that invest that only much amount of money that you can afford to lose. Secondly buy only from a trusted crypto exchange (i prefer poloniex). This is an extremely volatile market. It can up or down even 50 percent a day. Moreover carefully analyse the price charts of cryptos and follow crypto news for latest updates about cryptos.
BEST OF LUCK MY FRIEND.
Topic: What factors scare others from investing into bitcoin? - page 16. (Read 4234 times)
Things you should know before investing in Cryptocurrency -
1.Buying Cryptocurrency and holding it for a long time inorder to spikeup the profits need lots of patience and right descisions in Price Cysis.
2.Fortune will not made in a day or month.
3. Previous research of the currency should be done .
4.Majority of Cryptocurrency are scam so do a research and read the white paper.
1.Buying Cryptocurrency and holding it for a long time inorder to spikeup the profits need lots of patience and right descisions in Price Cysis.
2.Fortune will not made in a day or month.
3. Previous research of the currency should be done .
4.Majority of Cryptocurrency are scam so do a research and read the white paper.
One of the biggest factors should be the big powers' policy of encrypting money, because some of the policies may be very severe and likely to drop the volume of bitcoin.
Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
The volatility of the bitcoin is still the main reason why there are people who are afraid to invest their money. I always telling my friend that before they enter to cryptocurrency markey, they should have knowledge about it.
Probably because of the lack of knowledge about bitcoin which assumes that bitcoin is a fraud or it could be because they are not ready about the high risks in bitcoin world. Although some people are afraid to use bitcoin but still many people who still use it to gain additional benefits.
I think it was because the volatility of the price. Many people are afraid to take risks when it comes to money. And also the people who don’t have enough knowledge about bitcoin always think that it was a scam and to add up, there are bad news regarding bitcoin so it makes them scared to invests more.
Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
One factor that scares others from investing in bitcoin is they think Bitcoin is all about scam. Another one is the lack of knowledge about it. And sometimes its because of their past experience investing in it and they spread it negatively.
Bitcoin is more of gamble rather than of an investment. If you not play your cards very well, you lose.
I agree, this is not always a win win situation and we really need to play well to be able to gain something from it. The higher the risk the higher the profits will get but sometime even professional investors loss a lot too.
Bitcoin is more of gamble rather than of an investment. If you not play your cards very well, you lose.
I agree, this is not always a win win situation and we really need to play well to be able to gain something from it. The higher the risk the higher the profits will get but sometime even professional investors loss a lot too.
My opinion: main factor is law of governments about Bitcoin.
In many country Bitcoin is illegal.
Other factor is risk to investment.
In many country Bitcoin is illegal.
Other factor is risk to investment.
The big factor that hinders investors to invest in bitcoin is that many FUD news has scatter all over the news and internet. They are the people who are not familiarize with bitcoin and very uneasy towards learning blockchain technology and digital currency.
Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
There are so many factors that we already knew. But the biggest thing is the people are scared of missing the money that they invest. Also, they afraid of scammer and market which is a scammer too. Also, it is a digital and the people cannot see it. Just my opinion.
People are going to invest in bitcoins because they saw people making a huge profit....The price change of bitcoin from 2013 to 2017 was hillarious...The people who did long term investment they got rich now...But now who are investing they are having some loss also for which new comers fear to invest in bitcoins...And one thing more bitcoin is used by the drug peddlars,gun smugglers...so they are thinking if they also got stucked in illegal works without any reason.
many factors that make people scared to invest in bitcoin like, price fluctuations are very extreme, security concern. but the main factor is the issue of legality and an unregulated space
one of the factors that affect people so afraid to invest in bitcoin is the bitcoin price that is currently still unstable. the price is still going down makes people afraid to invest because this will make them lose money and lose the amount of money they invest into bitcoin.
Yeah you right, it proved yesterday when the price above, then fell deep enough in a very short time, surely people who fear will panic immediately and sell their assets then lose money, I think that's a reasonable price change of bitcoin market, and they dont need to fear it
Primary reason maybe less knowledge about cryptocurrency and bitcoin. many negative news coming out that bitcoin is a scam and other individuals use this to scam others also using ponzi or networking way. volatility and high risk make investor to have second thought also to invest in bitcoin.
This factor must be its flexible. because bitcoin is not something that you can predict, it is impossible, thus, you must be careful and believe in it
Bitcoin is not yet stable and very volatile. Also one of the factor is the correct knowledge of what bitcoin really is. Plus the fud news that keepn on coming anytime and anywhere makes others afraid to invest.
Aside from Volatility.I believe one of the main reason why some people is scared in investing bitcoin is lack of knowledge.Of course you even dont know how the market runs. Your lack of knowledge is stopping you from investing and also in crypto world we all know the fact theres a lot of unknown person that will make us think that this project is a scam. That's why you should become knowledgeable when joining cryptoworld.
The global financial crisis the market crash all made the people scared to trust the financial world so people are worried and fear if they invest all their earning in cryptocurrency will also lose first of all people are not getting knowledge about Bitcoin they simply join in this community just for their survival or profit .The unawareness of Bitcoin makes people to keep away from investing into Bitcoin most of the people will be aware of stock market but not in cryptocurrency and another fear is about the security these are the factors that scares people.
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