What factors scare others from investing into bitcoin? - page 43.

longwintershere

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Quote from: Ampong2121 on July 12, 2018, 10:19:13 PM

Not only the volatility but also the legalities of bitcoin, because other people wants a legal investment they want to be sure that the money they invest is super safe before they invest.

yes, that is mostly the case and that's why we're yet to be fully adopted worldwide. Right now mostly innovative people and eager speculatros are in the crypto only, majority is yet to come

SnapDown22

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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?

in general many people are afraid to invest the security and legality of the currency and the price and value can not be ascertained in the future that is probably the factor why people are afraid to invest

bitlind

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I'm thinking that the most problematic things that would prevent people from investing in Bitcoin would be the falling of price that happened recently. Because every time when the price is going down people are losing trust.

Caraphernalia

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They are afraid to invest because bitcoin is not legal. Like they are not sure if this will help them or will they are gonna be scammed. Some factors also is that bitcoin is not stable which is passively changing its value, some investors perceive it as a threat.

prediction on bush

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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 think the factor that scare the other to invest in bitcoin is that its not legal and not recognize in all country. Also the price of bitcoin very volatile and there's a changes in price day by day or time to time.

Btcmicel

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Quote from: Papsie on July 12, 2018, 10:28:06 PM

Maybe the poor stability of the bitcoin itself and the coin volatility. Most of the people now a days are too wise about their decision making, they want something sure and concrete before they will do something. It they know that it is not sure, then they will not going to entertain it, but if they feel and see that it is worth to invest, that is the time they will grab it.

I think one of the factors is, many negative news came from media. That's why many investor scared to invest. Another one is the market value is not stable, they discourage of investing, specially when they lack of knowledge in bitcoin.

Papsie

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Maybe the poor stability of the bitcoin itself and the coin volatility. Most of the people now a days are too wise about their decision making, they want something sure and concrete before they will do something. It they know that it is not sure, then they will not going to entertain it, but if they feel and see that it is worth to invest, that is the time they will grab it.

irsykes

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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?

for now maybe new investors not really sure bitcoin will back because they know bitcoin when it is at high price, but it is different from whoever know bitcoin when it is on lowest price at past, they really sure bitcoin is profitable

IanKaramazov

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The votality of the bitcoin market.
Look at those huge red and green vertical candles. Can you imagine how a market with billons of market cap can fluctuate that frequently.

Ampong2121

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Not only the volatility but also the legalities of bitcoin, because other people wants a legal investment they want to be sure that the money they invest is super safe before they invest.

March_Pro

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if you invest in bitcoin this time i think its very cheap price you can hodl to the end of its price i am sure for at least 10k $

DisWhale

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One factor that scares others from investing into Bitcoin is the instability or volatility of price on the market. But i see this to be lack of knowledge on the Bitcoin and the crypto market, because the volatility is what allows smart investors to buy at low prices and sell at a very high price.

marlouied04

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1st is scam. they were afraid to be scammed but thats a natural reaction of any person. 2nd is being hacked by a hacker. we all know that everything in the internet is hackable so maybe they are afraid that their investment will just vanish.

DainSLane

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People they are going to scare because of some fake news about bitcoin that is why the new investors are also so scared to put their investment in bitcoin and they also have no enough knowledge about investing in bitcoin. They also heard from the fake news that bitcoin is a scheme scam.

bitcoinsocial09

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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?

Some people are afraid to invest in bitcoin because sometimes there people who don’t have heart (not literally) can scam the other people. In addition there are people are scared to take the risk or the come out of the investment.

Sirait

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I think this includes factors that cause new investors to fear investing in Bitcoin, besides the issue of Bitcoin is Bubble...
security - as many new investors do not understand how Bitcoin and Blockchain work.
regulation from the government - investors need also a certainty of their funds, so that in the future they do not violate the law.

Sama517

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There are so many factors. But the major factor is FUD. They are so uncertain. They are not sure of what happens next as soon as they commit their funds into investment. They are not risk takers.

sambuki

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Fluctuation can be the reason why people are afraid to invest in bitcoin. No body wants to get hearthattack just because of the price movement that sometimes run wildly.

Magic Sarap

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Quote from: insurgent on July 12, 2018, 09:53:05 AM

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.

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.

They are afraid about the price of bitcoin being unpredictable and unstable. Thats the first thing you need to know when you are investing in bitcoin. You have to take the risk because 100% sure it will give you a big comback. No investment in the world has no risk, you need to understand that.

Dod Ong

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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?

Some investors scared of who they need trust and to have a transaction with. Also they scared because before they experience bad in investing so they are playing safe or they are careful. Because of some scammers, the investors are afraid that if they need to trust someone or not.

Topic: What factors scare others from investing into bitcoin? - page 43. (Read 4232 times)