Topic: What factors scare others from investing into bitcoin? - page 47. (Read 4232 times)
There's so many factors that can really scare them, first is the scam because of people using bitcoin to scam other people. They think of bitcoin as a scam, but the real scam is the people, second is the illegal activities that uses bitcoin. It scare them also because it is not accepted by government unlike fiat.
1. Some countries still do not have laws on virtual currency.
At present, no government or organization is responsible for the existence of this electronic currency. This is the most risky point for investors. More than 90% of Bitcoin's transactions are made in the Chinese market. But the government has not made any positive moves toward the Bitcoin currency.
2. Bitcoin trading floors may be attacked.
Bitcoin companies of all sizes and platforms are always interested in hackers. The consequences of hacker attacks always have a direct impact on the Bitcoin price.
3. Many altcoin appear to dominate the market.
Bitcoin was the first electronic currency to emerge in 2009. But today, the electronic money market has up to 667 different electronic currencies.
1.yes there is no central authority or an organization available to control all the crypto currencies but that was the main reason for the bitcoin invented that is called decentralization.At present, no government or organization is responsible for the existence of this electronic currency. This is the most risky point for investors. More than 90% of Bitcoin's transactions are made in the Chinese market. But the government has not made any positive moves toward the Bitcoin currency.
2. Bitcoin trading floors may be attacked.
Bitcoin companies of all sizes and platforms are always interested in hackers. The consequences of hacker attacks always have a direct impact on the Bitcoin price.
3. Many altcoin appear to dominate the market.
Bitcoin was the first electronic currency to emerge in 2009. But today, the electronic money market has up to 667 different electronic currencies.
2.Many exchanges have been hacked all the way through but most of the people are suggesting to store the cryptos in wallet so hackers won't be interested on exchanges.
2.Bitcoin is still the most dominant crypto among 1600 available crypto at the moment.
I can say that the factors who scare people in investing into bitcoin will varies on the state of financial, mind and even the time and effort. Yes people have different characteristics which really give a big impact on how he or she will run in investing. Surely if the resources such as financial is limited only this will give a huge scare for them because they will surely be scared that if their investment here will not work out they will lose everything to them. In the case of time and effort this is a minimal factor which only a factor to those who are lazy investors that only wants to get their profit and not inserting time and effort.
Potential speculators loses enthusiasm for contributing bitcoin in light of the fact that the prevailing press is spreading news that bitcoin is only a ponzi plot so those with just little information of bitcoin effectively trusts it and maintains a strategic distance from it. Another principle factor is unpredictability we as a whole realize that btc is exceptionally temperamental money yet you can likewise underwrite from it not at all like in the dormant securities exchange.
1. Some countries still do not have laws on virtual currency.
At present, no government or organization is responsible for the existence of this electronic currency. This is the most risky point for investors. More than 90% of Bitcoin's transactions are made in the Chinese market. But the government has not made any positive moves toward the Bitcoin currency.
2. Bitcoin trading floors may be attacked.
Bitcoin companies of all sizes and platforms are always interested in hackers. The consequences of hacker attacks always have a direct impact on the Bitcoin price.
3. Many altcoin appear to dominate the market.
Bitcoin was the first electronic currency to emerge in 2009. But today, the electronic money market has up to 667 different electronic currencies.
At present, no government or organization is responsible for the existence of this electronic currency. This is the most risky point for investors. More than 90% of Bitcoin's transactions are made in the Chinese market. But the government has not made any positive moves toward the Bitcoin currency.
2. Bitcoin trading floors may be attacked.
Bitcoin companies of all sizes and platforms are always interested in hackers. The consequences of hacker attacks always have a direct impact on the Bitcoin price.
3. Many altcoin appear to dominate the market.
Bitcoin was the first electronic currency to emerge in 2009. But today, the electronic money market has up to 667 different electronic currencies.
I believe the price dump in 2018 is causing this fact. before that people had believe in crypto. but 2018 showed them that crypto can ruin in a day too. That's why some people are afraid to invest. on the other hand some people are investing in this dip for huge profit. those are the real investor
Trust issue haha. Sometimes there are scammers. And also Bitcoin is not legal in other countries. Also, illegal activities like what ive said.
Even though there are many people who proves that they become successful in investing through bitcoin there are still small doubts and fear that keeps on confusing the mind of investors. They are still scared because of the factors that they will be scammed or hacked by someone and steal their money and accounts, the volatility of price that makes people more panic about bitcoin investing because the money that they invest can lead to bankruptcy or in the other hand can grow your money much bigger.
Bitcoin has elements that investors are hesitant to address issues related to their investment, such as a bearish market, as well as the risks and opportunities for investing they
The main factors that scares potential investors from investing on bitcoin are as follows:
The volatility nature of bitcoin .
The price manipulation by big players.
The government interference .etc
The volatility nature of bitcoin .
The price manipulation by big players.
The government interference .etc
the points that are mentioned are true indeed the most feared by people when they want to join bitcoin but there is also a thought that bitcoin is gambling and bitcoin used by some people to wash their money so it is not investigated by the local government.
One of the issue is the fear of government banning it in their respective countries and most also fear in loosing their money since they know cryptocurrency price is volatile..
There are many factors:
1. Unstable fluctuations of bitcoin copper.
2. It has not been recognized by the governments.
3. Psychology of investors.
4. Can be stolen if not secured.
.....
In my opinion, the psychology of investors is the main, because the fear of losing when bitcoin prices fall, they will turn away with bitcoin and vice versa.
1. Unstable fluctuations of bitcoin copper.
2. It has not been recognized by the governments.
3. Psychology of investors.
4. Can be stolen if not secured.
.....
In my opinion, the psychology of investors is the main, because the fear of losing when bitcoin prices fall, they will turn away with bitcoin and vice versa.
some people are scared investing in bitcoin or other cryptocurrencies because of what they see, read or hear in media, tv, internet or other articles, they are discouraging people to buy, thats why most people who are scared to invest in bitcoin are all relying in this news.
When prices dropped from $19k to $7k , it made me scare a lot. But now that I have seen so many ups and downs, I am very much resistant to these price movements now.
possible losses, making people afraid to invest bitcoin. They do not believe in bitcoin because of some negative news they know about bitcoin, so they do not want to take risks. In addition they still doubt the security system of bitcoin and do not understand bitcoin.
I think it is because of is price since bitcoin really changes its price in just a short period of time and right now it is still at its low point. People are getting scared of it and thinks of it in a negative way. However, it could also be in a positive way because it gives us the lowest price as possible to buy some of it and hold until it inflates again though the possibility is not really sure, I still trust bitcoin.
It is better to think positively because even fall and up there is an opportunity that awaits. Some are afraid because they do not ready for this to happen because they are aiming for instant growth of their investment which without knowing that they can increase the amount they invested than to panic and sell it to cut their losses. 
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?
Overall, I think the main reason is the one you mentioned - the big volatility. Another reason, I think, is the constant negative statements made about BTC by famous people and the media. A big fact is also influenced and that people have no knowledge of the digital world as a whole.
I think it is because of is price since bitcoin really changes its price in just a short period of time and right now it is still at its low point. People are getting scared of it and thinks of it in a negative way. However, it could also be in a positive way because it gives us the lowest price as possible to buy some of it and hold until it inflates again though the possibility is not really sure, I still trust bitcoin.
- With bitcoin, the change in price is always a sudden death for all investors, it never has a value and a fixed tendency, sometimes it can rise sharply in the long run, sometimes it can be a red storm that lasts several month, that always leaves a lot of impression and causes fear to many people. In addition, there is no certainty for the future of bitcoin and no one can guarantee that investment in bitcoin will be safe, everything about bitcoin seems very vague, the number of scammers in bitcoin is also very large, too many factors make us worry when investing in bitcoin
I do trust that value unpredictability and lawful status as the principle worry for anybody to think about their inclusion in Bitcoin and different digital forms of money. I don't believe that there is some other issue like innovation or ease of use. The absence of mindfulness is one of the significant explanations behind the general population not to get included with Bitcoin on the grounds that they trust the media stories without doing their own examination and attempting to comprehend what Bitcoin and blockchain innovation is about and how it functions.
Jump to: