Topic: What factors scare others from investing into bitcoin? - page 48. (Read 4232 times)
The biggest factor is its volatility as you mentioned. Plus, the absence from regulation as well as a lack of legal grounds makes Bitcoin less lucrative as an investment. Also, famous people trashing remarks impacts investors' decision, especially beginers who are inexperienced.
Bitcoin’s unique characteristics will facilitate the commission of financial crimes. That mitigates the desirability of Bitcoin. Also, scams and fraud are other reasons for which beginers don't want to take risks.
Bitcoins are not guaranteed by underlying material assets, and there is no bank in the world that is obliged to exchange virtual units for real currency. This may discourage people from putting their money into Bitcoins.
potential new investors give incorrect arguments, which are already long-established myths. for example, the most common of them - bitcoin is not provided with anything and therefore has no value. it is compared with precious metals, with fiat money, but nonetheless, bitcoin is subject to deflation, since its emission is limited to 21 million coins, so its value is constantly growing. You can also consider the value of bitcoin in its utility, or rather, the use of blockchain technology, which is used not only to buy and sell goods.
Main factor is awareness of the investing into bitcoin.then the policy makers have a big role of the investing opportunities 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.
How does a Crypto Market React when there is an Exchange hack. What's On Crypto gathered these information and puts it in a Graphic to show a month before and after market behavior.
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#Sponsored by:
https://cryptosolartech.org/en/
https://t.me/cryptosolartechEN
Cryptosolartech is a project that combines renewable energy and cryptocurrency mining to make the latter have the least possible ecological footprint.
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?
Various factors might scare potential investors into putting investments and trust in bitcoin. One reason why they possibly wouldn't invest is because of bitcoin's high volatility rate which may put tge investor's money in a great risk. Anotger is the lack of transparency and certainty in the industry of cryptocurrency investing. Many people lose thousands and thousabds because of unexpected price drops and instant dips. And these are some of the biggest reasons why people refrain from investing in the cryotpcurrency industry.
the first does not have a clear understanding, about the investment itself. One does not invest because of lack of knowledge about investment. In his mind, investment is just a money trading activity on the stock market. Yet investment itself has a broad meaning, can be applied in any field. In accordance with the goals to be achieved.
the second does not believe in investment resolution. Although someone has sufficient knowledge in investment and finance. But if the mental is still apathetic, the possibility for him to invest is very small.
and all three are afraid of losing. all cowardly characters will not be winners. In any field, including investment. Because every action is always in the shadow of an unreasoning fear. Even if he has a good reason, I think the reason has been made. Just want to do a mere ego defense.
the second does not believe in investment resolution. Although someone has sufficient knowledge in investment and finance. But if the mental is still apathetic, the possibility for him to invest is very small.
and all three are afraid of losing. all cowardly characters will not be winners. In any field, including investment. Because every action is always in the shadow of an unreasoning fear. Even if he has a good reason, I think the reason has been made. Just want to do a mere ego defense.
At present, it is difficult to introduce a crypto currency into any structure, and this differs from other popular directions of the economy. Due to a lack of understanding of Bitcoin technology, many myths have appeared that have been circulated by stakeholders over the past few years. In addition, critics are trying to compare the first crypto currency and other types of investment, exposing the payment system to unattractive light. No one forces anyone to invest in bitcoins, but investors get untruthful information about digital money.
The first is the virtual currency market is a new market and not everyone is able to invest in it. Their ability to invest is very high. The risk of fraud is always present around them with offers. So they were scared
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?
Various factors might scare potential investors into putting investments and trust in bitcoin. One reason why they possibly wouldn't invest is because of bitcoin's high volatility rate which may put tge investor's money in a great risk. Anotger is the lack of transparency and certainty in the industry of cryptocurrency investing. Many people lose thousands and thousabds because of unexpected price drops and instant dips. And these are some of the biggest reasons why people refrain from investing in the cryotpcurrency industry.Indeed, some peoples afraid investing their money in bitcoin because bitcoin price fluctuation is very extreme. But if there are planning to invest for long term, they should not scare invest on bitcoin because its good long term investment and its already proved
Bitcoin has come a long way and has the potential to rise yet some people are afraid to invest in bitcoin because they are afraid to take risks. They have doubt about bitcoin and probably think they might lose their gains.
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?
Various factors might scare potential investors into putting investments and trust in bitcoin. One reason why they possibly wouldn't invest is because of bitcoin's high volatility rate which may put tge investor's money in a great risk. Anotger is the lack of transparency and certainty in the industry of cryptocurrency investing. Many people lose thousands and thousabds because of unexpected price drops and instant dips. And these are some of the biggest reasons why people refrain from investing in the cryotpcurrency industry.
Crypto currency price are fluctuation and it make people afraid to invest in crypto. They are thinking that crypto has a big risky and they can loss their money anytime. Not many people know what Bitcoin is and even less spends time to think about its pros and cons. People care more about the type of burger they'll eat than finances and economy.
It has seen as a buble for lots of people when it fell down sharply early this year. This huge fluctuations scare people.
probably its volatility. sudden decrease in value may be a lose for short time investors
of investing in this market. You find that this market is very different from other investment markets. Investors should be very careful and watch out for it. Bitcoin price because of its high rate of change. Many investors think that is a reason they do not invest in bitcoin.
non adequate knowledge of bitcoin
1. a big factor is : legal issue. it is not legal and not acceptable in all country.
2. also some people scare because bitcoin is not commodity, nor currency.
3. Prone to illegal activity
As we know due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage. “Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities,”
2. also some people scare because bitcoin is not commodity, nor currency.
3. Prone to illegal activity
As we know due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage. “Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities,”
I would say volatility, scammers/thieves, not enough knowledge affects more than your given reasons
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