I think one of the reason why some are scare of investing in bitcoin because they think that bitcoin is a real scam. A lot of negative news are scattered everywhere and some believe it without knowing the real purpose of bitcoin in the society.
In a way yes, but also what's more of a pressing consequential factor contributing to people holding out on BTC is the fear that it may not recover or that it would take too long to recover to the level they'd be happy to call profit, and forgetting that this takes time. 
Topic: What factors scare others from investing into bitcoin? - page 44. (Read 4232 times)
I think one of the reason why some are scare of investing in bitcoin because they think that bitcoin is a real scam. A lot of negative news are scattered everywhere and some believe it without knowing the real purpose of bitcoin in the society.
Aside from being highly volatile, bitcoin is also not backed by any government or insurance company and some people are afraid that if they lose their cryptos no one will answer for it. Bitcoin is for the venturous and for the positive thinker.
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Factors which decide if one wants to invest in bitcoin or not are not entirely made by themselves, think about media for example, how many of the newspapers and articles on the internet speak in a negative way of bitcoin and cryptocurrencies? countless, there are other reasons too why one wouldnt invest in bitcoin and I think you can name them also by yourself, the average person is scared mostly of the negative news in the media.
There are several confusions and facts that scare investors, i think these are the main:
- Bitcoin is not provided with anything and therefore has no value (And dollar provided?)
- A critical error in the code will quickly lead to the depreciation of digital currencies. (Yes, it is, but there are such risks for any inviting)
- Bitcoin is used only by criminals (it was in 2013 probably)
- Bitcoin is not regulated, therefore it is dangerous (It can not be said that bitcoin is not regulated at all)
- Bitcoin is too unstable for currency (Instability does not affect most bitcoin functions)
- Platforms can be hacked (But the protocol itself, the code that manages everything, has never been hacked)
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.
I think its because people thinks that bitcoin is a scam , they thought that there is no security in bitcoin and their money will be wasted . They dont have enough knowledge to understand the real purpose of bitcoin. They are afraid to risk . It is not legalized by government so they think bitcoin is illegal.
1. Some people think that bitcoin is a scam.
2. It is not legalized by the government.
3. They are not properly introduced to bitcoin.
2. It is not legalized by the government.
3. They are not properly introduced to bitcoin.
Some people do not invest in bitcoins because:
1) It looks like some scam to those people.
2) They are scared of volatile prices.
1) It looks like some scam to those people.
2) They are scared of volatile prices.
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.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. 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 many factors why other people scared to invest in bitcoin. The price of it, we all know that the price of bitcoin is temporary anytime it may decrease or increase we don't know where it will increase there many people think "What if it will not increase again?" and other kind of negative thoughts. Also the bitcoin itself, if there is someone heard "bitcoin" the first thing he or she think is, "It is true?", "It is legal?". Of course they are scared because of the FAKE news that they heard about bitcoin. So that they are scared to invest.
I think, the factor that other people scares the most is they think that bitcoin is a kind of scam when they did not already know what the bitcoin is, so they didn't try to invest in bitcoin. They think that the investment they working for, will be lose.
The volatility of the bitcoin is the main factor why there are people who are afraid to buy bitcoins. The price of the bitcoin is always changing and it is really hard to predict when is the right time to buy and sell bitcoins.
I think it's not the way that bitcoin need to be legal in all country i think it's because the unstable price. Some are afraid to lose their money. And some are afraid because they dont know the process.. I think we need to learn and teach it to others how bitcoin works
the biggest concern of many investors before deciding to invest in bitcoin as investors lose interest in bitcoin investing because mainstream media spread the word that bitcoin is nothing but a ponzi scheme so those who lack knowledge about bitcoin easily believe and avoid it.
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 me the factors scare others from investing into bitcoin is the price of it is dropping unexpectedly. Actually the investor want only that the price of it becomes high so that they can get a big profit.
for me it would be frustrating for you to have no investment and rely solely on free non-payment, maybe you would be scared if you invested in strangers and thieves. it is for me to think carefully before you invest in You do not have to worry about your investment.
First they fear bitcoin will disappear from circulation and go bankrupt, secondly they fear bitcoin price has decreased very sharp, third they are afraid bitcoin they lost because in hack, fourth because bitcoin still illegal in some countries.
there are lot of factors why people are scared investing in bitcoin one is the government . they use media to aware people people about bitcoin they make negative news about it . since media is a strong form of news people get believe in it . Next is the rapid drop price of bitcoin people don't want to take risk in investing because they might lose their money because of the dumping of the price
Volatility + intangibility multiplied by ignorance are the main reasons for the lack of trust.
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