Topic: What factors scare others from investing into bitcoin? - page 41. (Read 4232 times)
Negative comments from the media is another factor that keep people away from Btc investment. Many have developed absolute trust for the media especially when the statement is coming from some people and so they refuse to do personal research and hence fear to invest. One other factor factor is the fact that Btc is not legalised and so people fear to invest
One of the factor that scare other from investing into Bitcoin is that it is not legalized by some countries and not acceptable . Bitcoin is not a commodity or currency so people scare to invest in Bitcoin . Since Bitcoin is a decentralized in nature no third party is involved in it. The identity of the seller or buyer is not revealed and it is a peer to peer deal so people fear to invest in it. The lack of awareness is one of the factor that scare people.
Some factors may be the that people are afraid of the security issues pertaining to it and also they think their monies are going to be stolen when they invest into it.
In fact, Bitcoin has gone a long way to this day when its value and popularity in the world has grown considerably. It can be said that Bitcoin has reached the point a bit. Many users are afraid of cryptocurrencies because, as you know, the demand for it decreased significantly resulting in a significant decrease in its value, so new users who are greedy for profit avoid the cryptocurrency because they do not want to be lost.
I think people are scared of the red market. When people see that their bitcoin is very much falling in price, they begin to fear and sell coins.
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 most important thing that affects people is bad news. That's why when you invest in cryptocurrency you can not read and watch the news, as 70% of the news is not true.
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
There are many factors that scare others from investing into bitcoin like the scamming issue. They thought that when they invest in bitcoin their money will be wasted because of scam , and also the security.
That's certainly true, mate. I believe that is the number one issue investors face when dealing with Bitcoin, unfortunately. Scams within crypto land are all over the place, and unless regulators step in, they'll keep doing what they love best to steal money from Bitcoin users. Even if Bitcoin is secure by design, the carelessness of many people, will lead them to undesired hacks or theft of their hard-earned funds.
Another factor to consider would be the user friendliness of Bitcoin as a cryptocurrency for everyday payments. While the Bitcoin Core client has a GUI easy enough for anyone to use, there are still some features that are only known to tech-savvy people. This in effect, prevents Bitcoin from becoming used by anyone in the mainstream world. Things like these make investors afraid to join Bitcoin anytime soon. However, as Bitcoin improves over time in terms of user friendliness, privacy, and scalability, then I believe that more investors will jump in, leading to a positive effect over Bitcoin's price over the long term. Just my opinion
There are many things that many folks out there have not factored in their knowledge of the bitcoin and crypto in general. The fear of losing hard earned money is one of many reasons why people try to play safe. As you aware money once lost cannot be regained. the need to throw caution makes them overly protective and hence they don't invest.
some people are afraid to invest in bitcoin because they think it's a scam. and of course you have to be patient if bitcoin prices fall because it can achieve success and get bigger profits. so they really need to know the bitcoin before they invest. we should focus to show that bitcoin transactions are the safest in the world because no one can block our account
the media factor seem the main thing to scare the people with the news of people who have lost their money as well as with the scam ICO`s around which have gone out with the money collected.
For me one of the factor that people are scared to invest bitcoin is the unstable value, also it affect if the person who do not have proper knowledge of crypto currency and believing some FUD news comes out.
Widespread hacking of exchange sites and hacking wallets is also one-factor people do not want to invest anymore. as well as the ban by large countries that have many bitcoin supplies
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?
Bitcoin has unstable price, you can find out that the price of the bitcoin is always changing every time. It is one of the factors why there are people who are afraid to make investment with bitcoins. They do not know when is the right time to buy and sell bitcoins.
Most likely the reason for the small volume of Bitcoin purchases is that very few people know about the possibility of making a profit with it.
A big factor that scares investors and possible investors would be Bitcoin's volatility. The fact that it is very volatile, may scare investors away, its price is changing in an extreme manner in no time. More often than not, its price is affected of news may it be true or even if it is just fake news, the price would change. Some even say that it is very unstable and it will just burst like a bubble one day. Of course, if you are the investor or even just looking for something you are going to invest your money into, you will also be scared of Bitcoin because of that.
There may be several factors that make others afraid to invest in bitcoins. One of them is the legal factor. There are some countries that prohibit bitcoin and also some who accept. Also probably because bitcoins are so unstable and this is becoming a fear for new people.
The legality is the most important factor. Then there is an idea of getting cyber attack as it is an online based currency. Prone to illegal activities and getting scamed.
We think that the most common thing both of which scares people is - is that okay? Although the person you are talking to may be listening to your words, they can not be sure whether Bitcoin is one particular scam or scheme project. The reason could be a bad explanation or a mere doubt.
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 only one of the most influential factors, namely the issue of price fluctuations.the layman is still hesitant to invest with bitcoin because of it.
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