Topic: What factors scare others from investing into bitcoin? - page 34. (Read 4232 times)
They think they will not success on investing on bitcoin. Another thing is the issues what bitcoin is facing right now. But for me if you dont have patience there will be no price on the end. On every successful people, patience is very important also on bitcoin, there is no time that we cannot encouter problems on our life. For me the reason of successful investor on bitcoin is having a patience. Bitcoin value for now is very low that is why they dont want to invest on bitcoin instead on the others coins that had much more higher value on bitcoin.
The biggest reason I know now is that many governments are teaming up to boycott Bitcoin. People are charging Bitcoin. They claim that Bitcoin exists only as a virtual non-real value, Bitcoin is dangerous to everyone. The media are attacking Bitcoin with articles. There will be no unit or organization in the world to honor Bitcoin. That is worrying, I think!
I think people are afraid to do it invest in bitcoin for fear of price in bitcoin it fell and many losses there, it turns out Behind the bitcoin prices we can achieve success and get rich with patience because that's the key to success.
It seems to me that the security of cryptocurrencies most of all frightens off people. They think that their money will be stolen even if they keep them on their official wallet.
What makes others afraid to invest in bitcoin is probably a legal factor. Because there are some countries that prohibit investing in bitcoins. Maybe that's what makes others afraid to invest in bitcoin. Or it could be because bitcoin is very unstable.
I have never witnessed a situation like this. One thing that is sure is the fact that investment decision can change at any time and so many factors may be responsible. The current fall in price of Bitcoin may also be responsible but that won't be an issue for the people who already have the knowledge of bitcoin.
There is no legality enough to protect investors from the danger of losing their money, this should be a concern that needs to be followed up by law enforcement, especially for the people but what the bitcoin owner feels is a false hope. I also sometimes hesitate to invest in certain ICO, I'm sure you also feel the same
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 think the factors is about all the scammers they scam the newbie and had a bad experience about bitcoin they lack of knowledge about bitcoin they deceived by low investment and after 1 day your investment price twice so many people deceived to that scam you should have an research before you invest. A lot of fake news about bitcoin so let's be wise enough about using bitcoin it will be profitable soon.
Some factor is illegal they think its an illegal because of they have no rules and regulation in bitcoin some countries they see that they can use in illegal activities that can make harm to thier families in that specific country. Safety is some factor they can trust in the system they think it could be reason on illegal money laundering so they wont believe on that.
I think it may be because of the risk of investing in high bitcoin (risk associated with risk). On the other hand, the price of bitcoin fluctuates abruptly as one of the reasons why people are afraid and hesitant to invest in bitcoin.
Based on what I researched and observe in the past months, people are afraid of investing and reinvesting because of bitcoin high volatility, it goes up too much and goes down too much.
Indeed, one of the factors that’s making every person afraid is the price of bitcoin; it is not that stable, it is continuously falling today, there’s no assurance if it will get high again.
The main factor scaring people away is the volatility of Bitcoin. Majority of my friends remain adamant saying they won't delve into it unless they are certain that volatility is a thing of the past when Bitcoin is involved. But is that really possible? i say no. Another factor is the influence of government
People are not really scare of bitcoin, it is just this different factors become hindrance in investing in bitcoin. One major facror is some country are banning bitcoin (like for example is China). Also the accessibility in internet is also a factor to consider, there are countries are still not implemented internet nationwide. Lack of financial to buy bitcoin. Lack of knowledge about bitcoin is also a problem.
Based on what I researched and observe in the past months, people are afraid of investing and reinvesting because of bitcoin high volatility, it goes up too much and goes down too much.
Indeed, one of the factors that’s making every person afraid is the price of bitcoin; it is not that stable, it is continuously falling today, there’s no assurance if it will get high again.
Because it's practically impossible to do solid analysis and make a sound, rational investment decision. Instead, many people are simply gambling on "great future". Whatever it is.
I think people now are investing bitcoin even if the risk is high. It does not really scare investors to get involve especially some of them had a lot of money getting involve on it. I do not think that there are factors that scare others from investing bitcoin. All i know is that people who are risking their money are having some good fortune on it in return and there is no way that could scare you if you will get good fortune .
The same reason as investment in something as 'safe' as general US equities is risky at this time.
They have both experienced over participation and are in a market environment where there are other more compelling trades.
They have both experienced over participation and are in a market environment where there are other more compelling trades.
There are many factors actually. First, like what you already stated, bitcoin is volatile. And it's very risky, and uncommon as well. Not many people really know and dare to try investing in bitcoin. And also there are many bad news about bitcoin that may influence people's perspective. Government also sometimes show their opposition to bitcoin, like banning or claiming it illegal that make people consider again if they want to invest in bitcoin.
Also, it's anonymous and risky investment, that might worry some people about the safety.
Fluctuations are probably a factor that makes other people afraid to invest in Bitcoin. Bitcoin prices have been rising for some time and are now down. However, this is not unusual for any other investment. Especially when Bitcoin shows tremendous growth potential. It would be a shame not to invest in it. Also, it's anonymous and risky investment, that might worry some people about the safety.
The highest factor which scares people from investing in bitcoin is the risk because some it btc as scam while some still look into it like ponzi.
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 a lot of factors that can and will scare people from investing into Bitcoin and not just into Bitcoin but also in investing INTO Cryptocurrency. We know that people not knowing about Cryptocurrency may refer it to an scam or a fraud that will only cost them more money to waste. But for us users here we know that we can make more out of it if we use it properly and utilize our knowledge about it. We may convince them once we show them results from our hard work and if we tell them more knowledge about Cryptocurrency.
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