What factors scare others from investing into bitcoin? - page 28.

cece009

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Quote from: Mary Ofosuhene on June 18, 2018, 03:42:01 PM

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?

maybe they are afraid of loss. all cowardly characters will not be a winner. in any field, including investments in bitcoins.
because every act is always in the shadows by an unreasoning fear. even if he had a good reason, I think the reasons are made up. just want to do ego defense only.

Masongrae

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Quote from: Mary Ofosuhene on June 18, 2018, 03:42:01 PM

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?

I believe one of the main reason is their unawareness of what bitcoin is and gow it works plus the valatility of bitcoin. But the major issue is they don’t want to take the risk to invest in it. I believe helping them takong some necessary steps in how to invest will help.

CityLife Corp.

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I can say that the factors who scare people in investing into bitcoin will varies on the state of financial, mind and even the time and effort. Yes people have different characteristics which really give a big impact on how he or she will run in investing. Surely if the resources such as financial is limited only this will give a huge scare for them because they will surely be scared that if their investment here will not work out they will lose everything to them. In the case of time and effort this is a minimal factor which only a factor to those who are lazy investors that only wants to get their profit and not inserting time and effort.

JPage

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It is the price of Bitcoin in real time. Some people don't believe that it grows up so they seem investing into it will be bad. people must study and some knowledge how the market works and what it is cryptocurrency.

ChaChaiTL

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There are a lot of factors to influence as well as they will definitely affect the price of bitcoin. If the purchasing power of buying investors is the most influence, the total bitcoin in the market is also the decisive factor. price of bitcoin

letsfly

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Some factors that scare people from investing are getting scam , getting hack , and the volatility of the crypto. Also I think lack of right information is another factor.

classictee

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https://eloncity.io/

Its the volatility and also anxiety of loosing their invested money.

Otsu

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Some factors that can affect from investing bitcoins are the reports about hacking and scamming. This is usually the main reason why some people afraid to engaged here. Although some reports are true but there are so many ways on how to prevent from it. We just have to explore deep here in crypto world.

Hotrod_88

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Quote from: Dudeperfect on June 18, 2018, 09:54:38 PM

I do believe that price volatility and legal status as the main concern for anyone to think of their involvement in Bitcoin and other cryptocurrencies. I don't think that there is any other issue like technology or user-friendliness. The lack of awareness is one of the major reasons for the people not to get involved with Bitcoin because they believe the media stories without doing their own research and trying to understand what Bitcoin and blockchain technology is all about and how it works.

I agree to this, also the bitcoin price is unpredictable nowadays that is why some people are afraid to take risk. there is a "fear" and "what ifs" if the bitcoin will never had a comeback then its a very big loss to them; well that is only my opinion.

karinaloren

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First of all, I thinks, it is lack of stability on this market. For newcomers it is always difficult to start, they do not believe in their success as they are afraid to become another victim of volatility. And the second factor to my mind is BTC high prices.

dadanramdan

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factors that will make others afraid to invest in bitcoin is the lack of knowledge of bitcoin, when we buy bitcoin not instantly we get profit but many processes that we will face especially the process of patience and tenacity of us when do buying and selling.

Sampson7

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Potential financial specialists loses enthusiasm for contributing bitcoin on the grounds that the prevailing press is spreading news that bitcoin is only a ponzi plot so those with just little information of bitcoin effortlessly trusts it and stays away from it. Another primary factor is instability we as a whole realize that btc is exceptionally flimsy money yet you can likewise underwrite from it not at all like in the stale securities exchange.

Jonathan Greenn

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This is partly due to anonymity when dealing with Bitcoin. This will encourage hackers, criminal behavior

ParveZ219

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Quote from: Mary Ofosuhene on June 18, 2018, 03:42:01 PM

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 main thing for which common people fear to invest in Bitcoins or join Bitcoins is that Bitcoins are used buy drug smugglers and gun smugglers which is illegal and in the news it is always shown that all the illegal works are done using Bitcoins... and one more thing comes up when the people asks everyone that how much profit do you make using Bitcoin and if they say that they are suffering from loss then the people lose their interest in Bitcoin as everyone sees their profit only and they want to join Bitcoins because of profit only they are not accepting it as currency.

arumslee

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Volatility is a huge issue with all cryptocurrencies--the market can be incredibly unpredictable.

Kelvinikke

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A Blockchain Mobile Operator With Token Rewards

Many people are scared of investing into bitcoin because of some untrue rumours that they have heard around and also issues with the frequent ups and downs in cryptocurrency. But i am sure if they really get to understand how cryptocurrency works trust me they would invest into it big time because we can all testify the huge benefits it has brought to us.

sanjeevbaweja

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Quote from: Mary Ofosuhene on June 18, 2018, 03:42:01 PM

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?

Regulation and non regulation is main factor for scare investment in bitcoin

judel_2018

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Quote from: pawanjain on June 19, 2018, 10:11:43 AM

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.

Scammers are the one factor in investing bitcoin. Mostly people are scared for the cryptocurrency especially when they can experience scammed. That's why some people don't believe in bitcoin because the can influence a bad new in the media.

Amy Halll

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I think one of the reasons is by law. In many countries around the world, state exemptions when people use electronic coins are not controlled by banks and there is no clear law on Bitcoins. Bitcoins are not protected by law and the state is not responsible for the risks they face

Layers318

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CurioInvest [IEO Live]

The instability in the price of Bitcoin and the whole crypto market is one of the main factors that wards off a lot of investors as they find it very difficult to come to terms with it as to when to invest and when to get their returns. Also, governmental attacks on Bitcoin has a role to play in scaring investors to Bitcoin.

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