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.
Topic: What factors scare others from investing into bitcoin? - page 35. (Read 4232 times)
People don't really understand what bitcoin is and how it can be used in everyday life. Then they're those that are affect because of the volatility in the market they are afraid they will lose their investment if they did.
Some reasons that some people hesitate to invest in bitcoin may be:
- In the nearly 10 years of bitcoin history, this currency has experienced many ups and downs.
- Bitcoin is the perfect tool for illegal money laundering.
- Bitcoin is not recognized by the state bank.
However, these reasons can not diminish the value of bitcoin and make investors worried about it. Some people are still hesitant because they have not understood the nature of bitcoin.
that is for people who only know the basic bitcoin, whereas if investing in bitcoin can be profit than investment other than bitcoin - In the nearly 10 years of bitcoin history, this currency has experienced many ups and downs.
- Bitcoin is the perfect tool for illegal money laundering.
- Bitcoin is not recognized by the state bank.
However, these reasons can not diminish the value of bitcoin and make investors worried about it. Some people are still hesitant because they have not understood the nature of bitcoin.
I think the most influential factor in my country is the amount of media that gives negative news about bitcoin, that's why people have less interest in bitcoin investments. In addition, low levels of education also include the factor, people who do not understand about cryptocurrency and the benefits will reject the bitcoin investment because it is considered unstable and very risky.
Very most people are also scared to invest in bitcoin because of its volatility where the price fluctuates and the people get panic and would think when the price will recover, everyone must learn more about crypto currency and how it works which need good internet access!
First thing is that they are afraid of getting scammed, others take advantage that they are willing to do anything to get more income in a bad way. Second is that bitcoin is not yet legalize, other countries have banned it. While others are scared because of its volatility.
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.
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 factor is the issue that bitcoin is used in illegal or illicit activities. And so, the fraudulent risk is probable. People will be scared to take this risk. Other factors also is that it is not accepted by the country as a legal currency. Some countries still does not approve it and so it won't be use in local exchanges. Also, the fluctuation of bitcoin makes people doubt to invest. The istability and unsureness will affect the judgment of people.
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 biggest factor that scares the people from investing to bitcoin is its legitimacy. It is a new thing for majority of all countries that is why being a legit business is still a question from them. Another one is its volatility. Many people know bitcoin but even though they know bitcoin some of them still decides not to invest in bitcoin. It is because they know how volatile bitcoin is making them think that the lrofit in bitcoin is uncertain. I think people have a particular fear before investing in bitcoin. I think the biggest worry of many investors before deciding to invest in bitcoin is unstable profit and the big threat from the hacker. So few investors agreed to take the risk to make a profit from bitcoin.
Many factors that scare to the investors of bitcoin, maybe they scared of putting money or investing money to said bitcoin but instead of gaining profit, the price cannot recover in the decreasing value, and also afraid in hacker.
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 fact that investing in bitcoin is altogether which can be abandoned, because of its huge investment downturn, and especially in contract adresses is a mistake to lose all the investment, it is important to choose the right choice so that Bitcoin can also be replaced.
Number one is if bitcoin is legal or not. Next is bitcoin is volatile you'll never known when bitcoin will pump and people are scared of loosing alot of money.
Some reasons that some people hesitate to invest in bitcoin may be:
- In the nearly 10 years of bitcoin history, this currency has experienced many ups and downs.
- Bitcoin is the perfect tool for illegal money laundering.
- Bitcoin is not recognized by the state bank.
However, these reasons can not diminish the value of bitcoin and make investors worried about it. Some people are still hesitant because they have not understood the nature of bitcoin.
- In the nearly 10 years of bitcoin history, this currency has experienced many ups and downs.
- Bitcoin is the perfect tool for illegal money laundering.
- Bitcoin is not recognized by the state bank.
However, these reasons can not diminish the value of bitcoin and make investors worried about it. Some people are still hesitant because they have not understood the nature of 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?
I think the factors that affect or the reason why the people scared to invest from bitcoin is the price of bitcoin because it change day by day and time to time and its very volatile.
Some people do not invest because they think that it is being used for illegal purposes. Thus they do not want to support this medium.
Those who are afraid to invest, certainly because they do not want to lose in investment. They see the current price movement of bitcoin is very unstable and tend to always decrease in price from time to time, so they are afraid to invest bitcoin.
Some people are scared as government may declare it illegal anytime. They can even get to jail because of this.
In my perspective the most common factor that the people scare from investing in bitcoin is they dont believe in cryptocurrency they dont find it quite profitable for the time being, but some others are observing the cryptocurrency and seeing how it goes then invest well its just some of them and the majority will not.
The drop in prices of bitcoins from $19000 to $8000 had a big impact. It got many investors scared and they left crypto.
the factors that most influence people to invest with bitcoin are the issue of bitcoin volatility and fluctuations.
they consider bitcoin like gambling, but if they dive deeper they will know what it is bitcoin actually.
they consider bitcoin like gambling, but if they dive deeper they will know what it is bitcoin actually.
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