The main factor people getting afraid to invest in bitcoin is because the bitcoin price is very volatile and there is no law regulating bitcoin. If they do not already know the bitcoin completely, they must think over and over again. After all they are afraid that one day they may lose their bitcoin, then to whom they will complain and hold accountable. Most of them prefer to invest in the form of goods.
Yes, right mate and I agree with you the main factor is the volatility of bitcoin and there are some countries banned bitcoin so some will hesitate to invest. The lack of knowledge about crypto currency is also one of the factor and also since it is digital currency which cannot be seen nor cannot be touch so they prefer to invest in goods.
Topic: What factors scare others from investing into bitcoin? - page 32. (Read 4232 times)
I personally think the thing that makes them afraid to invest dibitcoin is the number of fake news news out there that drop the price of this bitcoin itself and they fear the price continues to decline and there is no increase
I believe what makes most people afraid of investing in bitcoin is largely based on bitcoin global acceptance. Bitcoin is still only accepted by a small group of online merchants. It makes it unfeasible to completely rely on Bitcoin as a currency. There is also the possibility that the government may force merchants to do not use Bitcoin to ensure that user transactions can be tracked. And another reason why many people do not know what technology is behind bitcoin who thinks that ponzi schemes so they keep telling other new people not to invest on bitcoins that scare them.
People are scare to invest bitcoin, because they do not believe in bitcoin. Some are scare of bitcoin investing because they think bitcoin is a scam, and some are scare of bitcoin investing because governments in their country prohibit the use of bitcoin. In fact, some are scare to invest bitcoin because they have suffered losses to bitcoin investments that cause trauma to bitcoin investments.
Maybe there is one and only reason why they are afraid of investing bitcoin, they never witnessed how bitcoin performed in the last year. They dont have enough experience with BTC and its legacy in the market.
People are scare to invest bitcoin, because they do not believe in bitcoin. Some are scare of bitcoin investing because they think bitcoin is a scam, and some are scare of bitcoin investing because governments in their country prohibit the use of bitcoin. In fact, some are scare to invest bitcoin because they have suffered losses to bitcoin investments that cause trauma to bitcoin investments.
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 way I am thinking the factors that scare people from investing is they are doubtful that bitcoin could not gove them back there profit, they did not trust the nature of bitcoin. And the other thing is its so uncontrollable and eve the government could not control it wheather they like it or not. And last but not the least is there are still country that banned and yet did not accept it. So I think this the factors.
i think no stability is one factor. not having a stable income and being dependent on something that changes so quickly, meaning loosing alot of money in a second makes people think if they really want this. but thats just a way of bitcoin, those who invest smart, dont loose.
I will state individuals have their own particular conclusion about bitcoin, possibly minor encounters of con artists going into it for their narrow minded reasons all these have added to individuals not having an idea to contribute it drive individuals off a bit.. I think about when somebody needs data he is twisted all round
I think the scariest factor .if the value of bitcoin is dropped into zero. There are so many investors who are losses their wealth.
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?
Some common reasons are:1. Volatility - We can never know what will happen with the crypto market. Things can turn out great, but they can also become disastrous.
2. FUD's or Fake News - Some well versed crypto enthusiasts uses this strategy to basically control or influence the decision making of the community making it beneficial for them. Weak minded investors are easily affected by these.
3. Lack of education/information/knowledge - Some just refuse to be educated or even take the initiative to educate themselves simply because they are lazy! Which is why they become even more skeptical and paranoid.
Some factors that people scared on investing even in other is that their money will lost ofcourse no one want to lost, and bitcoin as they know that this is a good in investing and for sure they will not scared because it is sure will earn profit from it.
The factors scaring people away is the volatility of Bitcoin and the word SCAM. Majority of people especially my friends beleived that bitcoin is scam. this is the influence of governments.
People who are still afraid to invest in bitcoin can happen because they do not want to take risks to investments whose value is fluctuating, still not fully trust the bitcoin which in fact has not been fully supported by the government.
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?
You can see that at the moment there are very few countries in the world that accept bitcoins and for legally circulated traffic or related laws. So at this moment I think bitterness will be out of control and it will be very difficult to guess, the market is bearish in the long term so although bitcoin is recovering at the moment, at any time due to the dominance of sharks and trading floor owners. The main factor people getting afraid to invest in bitcoin is because the bitcoin price is very volatile and there is no law regulating bitcoin. If they do not already know the bitcoin completely, they must think over and over again. After all they are afraid that one day they may lose their bitcoin, then to whom they will complain and hold accountable. Most of them prefer to invest in the form of goods.
Yes, the volatility of the price of bitcoin that's the reason why others are scared of investing their funds in bitcoin, the price of that coin can change every time and can make you rich or poor at the same time, the good news is you can predict the rise and fall of the price if you study the bitcoin that much.
The main factor people getting afraid to invest in bitcoin is because the bitcoin price is very volatile and there is no law regulating bitcoin. If they do not already know the bitcoin completely, they must think over and over again. After all they are afraid that one day they may lose their bitcoin, then to whom they will complain and hold accountable. Most of them prefer to invest in the form of goods.
Bitcoin has been functioning perfectly for over several years ago, which has been currently fluctuating in price value, where some investors are actually conscious to invest, while many take the advantage to invest more for future.
Factor scare others from investing into bitcoin is a hacker and bad news about bitcoin that causes investors to feel scared. and most importantly the loss of internet connection that will make bitcoin die.
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 of the biggest turn off is that it isn't recognized and backed by the Government. Most of the people are of the opinion that if something isn't backed by the Government then its probably bad investment. And nowadays, the mainstream media is spreading all the more FUD about bitcoin and cryptocurrencies making new and potential investors scared of entering into the market.
One of them is security related. because there are some threats lurking bitcoin holders, one of which is related to the issue of Bitcoin storage. Problems arise because this bitcoin can be stolen or lost. When that happens, all Bitcoin will disappear forever from the owner's hand. of course it will make people afraid to invest in bitcoin.
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