Topic: What factors scare others from investing into bitcoin? - page 21. (Read 4232 times)
I think people scares to invest on bitcoin because they did not see how bitcoin helps them and how it gives them potential to become rich by just investing on it. No wonder that if they know bitcoin all about it will make them change their mind for sure.
Bitcoin is the first crypto currency started in the year 2009 with a strong net work systems.Due to certain factors scare people to invest in bitcoin such as it has not any government or bank control over it and no physical form of money but it is only electronical only. Among the global community only 30 to 40 percentage people are only aware of the computer literacy and the others are scared of such investment.with out the government guaranty
because there is no legal certainty can make people afraid to invest and not all countries accept bitcoin and the vulnerability of theft or hackers
I do trust that value instability and lawful status as the primary worry for anybody to think about their contribution in Bitcoin and different digital forms of money. I don't feel that there is some other issue like innovation or ease of use. The absence of mindfulness is one of the significant explanations behind the general population not to get included with Bitcoin in light of the fact that they trust the media stories without doing their own particular research and attempting to comprehend what Bitcoin and blockchain innovation is about and how it functions.
Cryptocurrencies are high-risk investments. Their market value fluctuates like no other asset’s. Moreover, it is partly unregulated, there is always a risk of them getting outlawed in certain jurisdictions and any cryptocurrency exchange can potentially get hacked.
If you decide to invest in cryptocurrencies, Bitcoin is obviously still the dominant one. However, in 2017 its share in the crypto-market has quite dramatically fallen from 90 percent to just 40 percent. There are many options currently available, with some coins being privacy-focused, others being less open and decentralized than Bitcoin and some just outright copying it.
While it’s very easy to buy Bitcoins - there are numerous exchanges in existence that trade in BTC - other cryptocurrencies aren’t as easy to acquire. Although, this situation is slowly improving with major exchanges like Kraken, BitFinex, BitStamp and many others starting to sell Litecoin, Ethereum, Monero, Ripple and so on. There are also a few other different ways of being coin, for instance, you can trade face-to-face with a seller or use a Bitcoin ATM.
If you decide to invest in cryptocurrencies, Bitcoin is obviously still the dominant one. However, in 2017 its share in the crypto-market has quite dramatically fallen from 90 percent to just 40 percent. There are many options currently available, with some coins being privacy-focused, others being less open and decentralized than Bitcoin and some just outright copying it.
While it’s very easy to buy Bitcoins - there are numerous exchanges in existence that trade in BTC - other cryptocurrencies aren’t as easy to acquire. Although, this situation is slowly improving with major exchanges like Kraken, BitFinex, BitStamp and many others starting to sell Litecoin, Ethereum, Monero, Ripple and so on. There are also a few other different ways of being coin, for instance, you can trade face-to-face with a seller or use a Bitcoin ATM.
There are many factors due to which an individual is scared to invest in Bitcoin
- volatility- The high volatility causes huge price fluctuations due to which people are scared in investing into BTC
- Legalisation- Bitcoin is not yet legalized in many countries which make people step back from investing into BTC
- Scams- Many people get scammed investing BTC into scam ICOs which has also become a factor now.
- fear- fear is a major factor why people don't invest in BTC. The fear of loss cannot be taken by many people.
- technology- many people are still unaware of how to use the Bitcoin and the blockchain technology which is why they have not yet invest into it.
The factors scare others from investing into bitcoin is legal issue. Coz some other countries bitcoin there is illegal or not acceptable also some people scare because bitcoin is not commodity, nor currency.
You have to analyse the fundamentals:
Look at the currency's price, available and maximum supply, its liquidity, its use case, the technology behind it and how it is distributed, its developer team, and its community.
If it has a low price, but unlimited supply, then the chances are it won't go up very much in price. But If it has a small, limited supply, then it could be an indicator of a potentially good investment — could be!
Look at the currency's price, available and maximum supply, its liquidity, its use case, the technology behind it and how it is distributed, its developer team, and its community.
If it has a low price, but unlimited supply, then the chances are it won't go up very much in price. But If it has a small, limited supply, then it could be an indicator of a potentially good investment — could be!
The factors that affects others to invest in bitcoin is the news around it. There a lot of news says that bitcoin is a scam and bitcoin is not an investment. News that degrading bitcoin really scare others. Another one maybe they do not know how it runs, all they see is the downs of the bitcoin price.
I do have the same idea with yours. The mislead information that scattered to many people is one of the factor why many of them are scared to get involve with bitcoin. And it is a big factor already because some may not tend to investigate it with themselve but rather they already believe the information that they’ve been heard.
lamentably there are numerous individuals who fear bitcoin on the grounds that they have never completed cash exchanges with him. These individuals are preservationist and they will begin utilizing bitcoin as a standout amongst the latest since they will trust banks and huge lenders and all that they say from TV screens. Shockingly, such individuals will think everything that the bitcoin is a cleanser bubble, that bitcoin is the cash of hoodlums, yet at last when they have confidence in bitcoin its cost will be as of now high for them.
I will say people have their own opinion about bitcoin, maybe minor experiences of scammers going into it for their selfish reasons all these have contributed to people not having a thought to invest it scare people away a bit.. I guess when someone lacks information he is deformed all round
In my opinion, Hacker and scammers we know that is a part of life in terms of Online World, when investing in bitcoin, You need to know the consequences. That is one of the reason whynsome people scared in investment. I advice that dont let your fear drive you should have guts when investing you need to take the risk of losing your money. Overcome your fear, you need to face it. Investment is like a game you win or lose. And lastly you need trust your self.
The factors that affects others to invest in bitcoin is the news around it. There a lot of news says that bitcoin is a scam and bitcoin is not an investment. News that degrading bitcoin really scare others. Another one maybe they do not know how it runs, all they see is the downs of the bitcoin price.
Volatility, and because it's on the web, people would think its a scam. No physical product and it's not govern by law specially for those people who use to invest in traditional type investment. Can't blame them, I have the same notion before I l join the cryptocurrency.
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?
As you've said, they are scared because of it's volatility. They are scared because they will take a risk which more of people thinks that btc is not legit that influence those who are planning to invest. 
People are scared in bitcoin investment because of the news that spread in the internet or any social media. Other countries declared it as illegal the reason why most of the upcoming investors doesn't want to invest anymore.
Many people are scare to invest in bitcoin because they dont know that bitcoin is a great investment and maybe a lot of people is dont trust bitcoin that's why they are really scare to invest with bitcoin and lastly lack of knowledge about crypto is the main reason why they are scare.
One of the factor that could scared people from investing in bitcoin is negative news about cryptocurrency. Some countries have come up to ban cryptocreency in their respective countries because they do not have control power it existence and that is one of the powerful advantage of what we are enjoying.
I think that many are not familiar with this, and for this reason it seems to be something dangerous for them.
The fact that there are a lot to learn about digital currency is one plus all the negative comments people hear and there are scammers everywhere, that drives people away. And that its easy to lose money because they do not understand cryptocurrency. That is what scares people from investing on bitcoin.
They are scare in investing into bitcoin:
-Because of some negative news about bitcoin.
-Until now many are saying that bitcoin is just a ponzi scheme.
-Because scammers are roaming around.
-Hackers.
But the truth is bitcoin is the best way to earn some extra money.
-Because of some negative news about bitcoin.
-Until now many are saying that bitcoin is just a ponzi scheme.
-Because scammers are roaming around.
-Hackers.
But the truth is bitcoin is the best way to earn some extra money.
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?
People are not really scared of bitcoin, it is just this different factors become a hindrance in investing in bitcoin. One major factor is some country are banning bitcoin. Also, the accessibility in the internet is also a factor to consider.
Maybe its because of the legality of bitcoin and other cryptos in their country, maybe they are from countries which do not accept bitcoin as legal. Also the consecutive dips of cryptos in the market today might also a reason why they are scared of investing. Fake and bad news about cryptos is also something that hesitates them to invest.
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