Topic: What factors scare others from investing into bitcoin? - page 5. (Read 4232 times)
Many investors are still afraid of contributing to bitcoin, because it is still not illegal, and bitcoin is still not allowed for many countries.
The most scare thing of investing in bitcoin is that, its price is not stable and it can drag you down if you dont know what you're doing.
The major factor that scares people from coming into the cryptocurrency market is the issue of price instability.
A situation where one buys a coin for $100 this minute and its going for as low as $20 next minute is a big source of discouragement to potential investors.
There are other factors though, but i think the factor mentioned above is the major one.
A situation where one buys a coin for $100 this minute and its going for as low as $20 next minute is a big source of discouragement to potential investors.
There are other factors though, but i think the factor mentioned above is the major one.
I think the most scareble factor is unstable price of it. In my opinion if the price wouldn't goes lower than 800 dollars , it means all right.
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?
Aside from the false negative views being spread by social media about bitcoin being a scam, what greatly affects the number of investors is mainly the price itself. If the price is promising, then people will gather. But if the price falls, then bitcoin won't be able to attract investors.
I think many people perceive bitcoin as something that will never be realized, and therefore there is no sense to spend time studying it. therefore, I think we should not work with fear, but with the understanding that this is already used and implemented in different areas of the usual life
I think the maximum commonplace factors why people scares from making an investment is the market charge volatility due to the fact the marketplace can effortlessly drops value with out valid rationalization and its very tough to are expecting its movement.
Bitcoins operates with out any guidelines.which means there may be no imperative regulatory body that foreign places the bitcoin operations making maximum buyers afraid to make investments in the community.And most of the people and buyers do not understand the block chain era.They believed bitcoin support crook sports.
Some factors that other people are scared about from investing into bitcoin, they are afraid if this digital investments might turn about to be scams, where do they complaint it, and also they are not familiar with digital investments, especially the older ones,
Bitcoin is too unstable. Yes, this feature gives us the opportunity to earn, but some are repulsive. You never know exactly what awaits you tomorrow-a great income or a complete loss of money.
Perhaps the problem is that it is not supported by the government, many people are distrustful. Although I personally do not see this as a problem.
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 is temporary
- bitcoin could not be used in other countries as a medium of a real money
- they are not risk takers
- they don't have the knowledge about Bitcoin
The price is the most attractive factor for investor but if you look on it every day you can scared of it because it can go down about 3 or 4 days and only son go up. If you suggest to invest in it for long time you don't need to look at the price on the market.
I think they are still not convinced that bitcoin is a worthwhile effort or profitable for its users. Additionally the other factor is scaring people from investing in to bitcoin, its high volatile and it is still not stable.
The main thing that scares new investors from Bitcoin is just its volatility, and the downward trend, and other crypto currencies follow now. Because of all the hype in 2017, people have hopes that Bitcoin can make them rich, when in fact it's not a rich quick scheme anymore. We need to rely on the right progress to see the benefits we have seen. Yes, Bitcoin still has great potential, but we need to help it be recognized before we can really see how far that can bring us.
There are so many factors because when you look at the latest technology and the latest way of transactions and all over you can do on the internet and the main problem is hacking because you don’t have clear how to protect your mobile or laptop form virus or hackers so I think this is the big thread while you are using Bitcoin
Bitcoin has made some amazing progress and come truly to remain. In actuality, whenever a few people who know nothing about bitcoin are acquaint with bitcoin about how bitcoin functions, they channel all their regard for whoever is passing the data to them by listening mindfully. Be that as it may, subsequent to building up the enthusiasm for bitcoin, they rapidly return their enthusiasm for bitcoin the minute they know about the unstable idea of bitcoin, accordingly, choosing not to put into it any longer. Folks, what are some different components that unnerve individuals from putting into bitcoin?
In my opinion, a factor that is very influential on someone's fear of investing in bitcoin is a legal problem in their country, and because the price of Bitcoin is very volatile, it can change at any time. and the price changes are very high. maybe that, 2 big factors that influence someone in investing in Bitcoin and Cryptocurrency.
Only govt. regulation scare from investing in bitcoins because there are many uncertainties are going on, crypto is really very controversial.
We can't predict govt behavior towards cryptocurrency in near future.
We can't predict govt behavior towards cryptocurrency in near future.
many factors people are afraid of investing in bitcoin like bitcoin are still not legal in their country, but most importantly because of the unstable price of bitcoin, a country's economic factors also affect investment
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