Topic: What factors scare others from investing into bitcoin? - page 25. (Read 4232 times)
The name of the bitcoin is used because it can also be used as a way of payment. The price of bitcoin is ¥ 7,3k USD right now and some investors are afraid that they will pay a huge price just to have more losses than profit.
Simple, they are afraid to take risks. Cryptocurrency investment is quite risky. Without proper knowledge and skills, losing your money could be as fast as a blink of an eye. Also, all of the fake news that's been coming out which create FUD's. Another reason may be that these people may have had some bad experiences in investing. So they wouldn't want to go through same scenario.
Bitcoin's price differential is up to 80% of its value. When they bought at the top and when it fell to the bottom they lost a lot of money for each BTC. So they are scared
When did you have 80% difference ?? maybe 30%. At 6k $, the swing is at the level of 1000 $. This is not a lot at all. Each investment is risky. 
Factors that make people afraid to invest in bitcoin are probably the legality factor. Because in certain countries bitcoin is prohibited and should not be used as an investment. So maybe that's what makes other people scared and unsure of the potential of bicoin.
factor because of the high prices in bitcoin that people can not afford to invest afraid of buying a BTC price at a high price and when the cheap BTC is not there to profit it for selling it.
I think the some factors why others are very afraid to invest with bitcoin is they are not brave enough to loss there money when the value of bitcoin will dump or decreases on the market and maybe some people is dont have a long patient waiting until bitcoin price will pump.
Bitcoin is a crypto currency. And the price in it ever goes down. Because of this, some people can not invest in Bitcoin. And some people can not invest in Bitcoin because they do not have any specific information about Bitcoin. They are afraid to invest in Bitcoin.
I have a little information about the factor that scare investor. First, the volatility of it. Some of investor see this as disadvantage because of unpredictable market. The second is all about scam, as of now there so many shit people doing this thing.
Actually there are many factors that can affect an individuals own perpective regarding investing in bitcoin and all other cryptocurrencies as a whole. First and foremost is what you already discuss the volatility status of cryptomarket. Others are the legality status of crypto, as we all know other countries banned the used of crypto in a certain level. Some are still undoubtful about the realibility of blockchain technology if its not prone to intrusion or not, others generally confuse and do not fully understand how crypto works. Lastly, is due to rampant ICO fraud and scams that brings negative impact to the crypto community.
factor because of the high prices in bitcoin that people can not afford to invest afraid of buying a BTC price at a high price and when the cheap BTC is not there to profit it for selling it.
Aside from its high volatility and rapid price fluctuation, some people thought that bicoin is a scam and Bitcoin has not been considered legal around the world.
Bitcoin's price differential is up to 80% of its value. When they bought at the top and when it fell to the bottom they lost a lot of money for each BTC. So they are scared
What factors scare others??? They simply don't understand what is Bitcoin, how it works and what it represents. If you do not know the basic thing about the Bitcoin you get scared every single moment it goes down, and investing in Bitcoin it is not for you. You have to understand first how it all works then you can decide when and if it is the right thing for you to invest in 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?
Main factor why people are scared of investing bitcoin ? simply because they don't know of what our technology capability now. They are still living in the past were scams are scattered in online world, they are scared of losing their money because bitcoin is too volatile making unsure of expected profit even in short trades.
Factors that affect the bitcoin investment one of them because ...
1. Not all cryptocurrencies can be used as currency
Currently, the most easily accepted as a means of payment is bitcoin. If you 'mine' or use other cryptocurrencies, then you have to be very careful. Do not be fooled by an offer to buy another cryptocurrency.
2. Not worth investing
It is true that the value of cryptocurrency capitalization increases over time. But the fluctuation is very unpredictable because no one country controls this digital currency. Do not let your inexpensive offer to invest in cryptocurrency. Use it for easy payment or as your side income.
3. Easy to use for unclear investments
In the absence of a regulator that controls this digital currency, there are also many unclear investments by using cryptocurrency. Ponzi schemes and money games thrive thanks to this digital currency. Beware of investment offers using cryptocurrency. No money is easy to get.
My advice is, be careful if you want to invest in Bitcoin, before that I expect to learn it first, in order to avoid things that are not desirable.
1. Not all cryptocurrencies can be used as currency
Currently, the most easily accepted as a means of payment is bitcoin. If you 'mine' or use other cryptocurrencies, then you have to be very careful. Do not be fooled by an offer to buy another cryptocurrency.
2. Not worth investing
It is true that the value of cryptocurrency capitalization increases over time. But the fluctuation is very unpredictable because no one country controls this digital currency. Do not let your inexpensive offer to invest in cryptocurrency. Use it for easy payment or as your side income.
3. Easy to use for unclear investments
In the absence of a regulator that controls this digital currency, there are also many unclear investments by using cryptocurrency. Ponzi schemes and money games thrive thanks to this digital currency. Beware of investment offers using cryptocurrency. No money is easy to get.
My advice is, be careful if you want to invest in Bitcoin, before that I expect to learn it first, in order to avoid things that are not desirable.
It fluctuates rapidly and rapidly. That makes a lot of new users lose money on it
For me its legality and widely accepted. We all know despite bitcoins popularity there are countries that doesn't accept or acknowledge bitcoin. Plus add the volatility of its price and how a simple bad news can affect its price are some of the reasons potential investors stay away from bitcoin.
Investing into bitcoin is risky it depends on the situation and the capital and i think people have'nt enough capital or have small capital the mere factor is they are afraid losing their capital but people usually have enough capital they are not afraid they are the risk taker.
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 major factors that scares the people are like High impact of the fundamental news and events which are directly or indirectly connected with Bitcoin because of which the bitcoin prices are highly affected and move with a huge volatility creating a panic situations for traders, other than this people are are also scaring about the weird way of pump and dump Behaviour in Bitcoin charts.
1. Can not be made for every transaction
2. Not knowing the owner every time a transaction
3. Not accepted in various countries
4. Requires internet for transactions
5. Have a hobby that is contrary to computer, internet etc.
But I hope all of it for the future is accepted by many people, because the function of Bitcoin is to simplify every financial transaction around the world.
2. Not knowing the owner every time a transaction
3. Not accepted in various countries
4. Requires internet for transactions
5. Have a hobby that is contrary to computer, internet etc.
But I hope all of it for the future is accepted by many people, because the function of Bitcoin is to simplify every financial transaction around the world.
There are different factors that scare investors one thing I know is it's legality, bitcoin in other countries are sometimes met with legal boundaries that makes it illegal, second is it's volatile and unpredictable market fluctuations, bitcoin as we all know is like a bubble, it may expand or compress and investors see this as a reason for not investing in bitcoin. Third and finally is the price, bitcoin cost 7.3k USD right now and some investors are scared that they will pay a huge price only to have loss rather than profit.
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