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?
One is its sudden price trade. As we recognise,investors ought to truly be careful and observant with the bitcoins fee because of the excessive change fee of it. lots of buyers think about it as a reason for them to now not invest in bitcoin. The folks that unfold a few poor news about bitcoin additionally influences its goal buyers due to the fact lots of them are over excited and are scared to risk their money in bitcoin. As an amateur investor, I additionally have some doubts in bitcoin once I first started out but it grew to become out genuinely properly and gave me a few profit with my investments.
Topic: What factors scare others from investing into bitcoin? - page 50. (Read 4232 times)
The main factor scaring people away is the volatility of Bitcoin.Hopefully, we are more wise in accepting and understanding every news that appears.
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?
maybe you submit is one of the factors why people are afraid of investing with bitcoin other reasons may be the government is still not inaugurating bitcoin as a legitimate currency and can be used as a tool to buy or transactions like the currency in circulation
The risks of investing in Bitcoin crypto currency are related, first of all, to the peculiarities of bitcoin itself. Despite the fact that today this crypto-currency is decentralized, gradually bitcoin will increase the desire for centralization.
I think people have a particular fear before investing in bitcoin. I think the biggest worry of many investors before deciding to invest in bitcoin is unstable profit and the big threat from the hacker. So few investors agreed to take the risk to make a profit from bitcoin.
In every investors have different fear before they start to invest in bitcoin. Yes, your opinion is all fear of every investors that's why we need to be careful all of this and we need more patient to face the challenges before we get high profit. 
Bitcoin is volatile currency so volatility of bitcoin is the primary and main reason behind people scare to investing into bitcoin. Bitcoin price is not stable and due to this many investors suffer from loss . Another reason is stability issues. Bitcoin is not stable. It is constantly ban in different countries for some reason because ot this the price of bitcoin falls and this thing directly affects to the investors. Another reason is bitcoin is a virtual currency because of many people still doesn't believe on bitcoin. Some other reason is its involvement in criminal activity etc.
The technology and safety of BTC affect people's investment!
When the media broke news that a stock was stolen, the price of BTC was always plunging, and people panic selling, which had a negative impact on BTC's investment!
When the media broke news that a stock was stolen, the price of BTC was always plunging, and people panic selling, which had a negative impact on BTC's investment!
A country's policy on BTC to investors is the biggest impact!
Although the currency itself is a kind of neutral technology is not influenced by political, but the price of the currency would occur because of such events of volatility, so far, this is one of the biggest factors influence on the currency price.
Although the currency itself is a kind of neutral technology is not influenced by political, but the price of the currency would occur because of such events of volatility, so far, this is one of the biggest factors influence on the currency price.
One of the key factors is the large volatility. But still the popularity of investing in crypto currency is growing
One of the factors that stop people from investing in bitcoin is the inability to hold it in their hands, such as fiat money. And this concerns not only bitcoin but also other cryptocurrencies. Despite the fact that progress doesn't stand still many people remain faithful to paper money. Therefore, from the lack of knowledge, they refuse to accept new types of currencies such as virtual money.
Most of people scare in investing on bitcoin because they know that the bitcoin price can change anytime and fall anytime, it makes people doubt to invest on bitcoin. They won't to put their money on uncertainty investment.
For me the factor that can scare the others investors from investing into bitcoin are all about the legality of the business in this industry
because of the humours that spread out about scam although they are not.
because of the humours that spread out about scam although they are not.
One of these i think is the fake or negative news that created by people who have not doing good in their lives. That's why some bitcoin investors got panic and immediately decided to sell their investing bitcoins. They can not reach and fulfill their goals.
The media in my country, they are propaganda that investing in Bitcoin is a loss and a danger. They give a lot of examples: Bitcoin is a non-liquidity market. - Account stolen and countless scams - Bitcoin price is not stable.
But the real understanding of Bitcoin for the people is too little. As for investors, they will pay attention to market dynamics, public opinion, and profit. Make them hesitate to invest.
This is what I know in my country.
But the real understanding of Bitcoin for the people is too little. As for investors, they will pay attention to market dynamics, public opinion, and profit. Make them hesitate to invest.
This is what I know in my country.
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?
The risky and being volatile,are the factors why should some people or investor scare to invest in this cryptocurrency investment,especially now the situation thats mostly the market is still bleeding and all crypto coins turns to dump,otherwise by the words volatility there's a tendency thats this situation now become inverted and this struggle happens would turn into prosperity,especially thats theres something coming up now in the market and this is bull run of all crypto coins.
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.
The legal issue , the scam issue . They are afraid to lose their money. And maybe because of the price and the high votality
As an observation, people tend to be scared of the following items, and that's the reason why they are hesitant in investing into Bitcoin.
Volatility - of course, as an investor you will be very concern about this, it is a given that you would want a safe route in multiplying your money and would not want more stress due to volatility.
Media - most of the news about Bitcoin is either false or just full of negativity, this hurts any potential investors, sometimes even the existing investors are affected of these black propaganda against Bitcoin.
Legality - another main factor is the legality of Bitcoin, not all country has legalized it, as of this writing, there are still some who are skeptical about it, hence not aloowing their people in using it.
Volatility - of course, as an investor you will be very concern about this, it is a given that you would want a safe route in multiplying your money and would not want more stress due to volatility.
Media - most of the news about Bitcoin is either false or just full of negativity, this hurts any potential investors, sometimes even the existing investors are affected of these black propaganda against Bitcoin.
Legality - another main factor is the legality of Bitcoin, not all country has legalized it, as of this writing, there are still some who are skeptical about it, hence not aloowing their people in using it.
I think one of a factor that ither scares investing into butcoin is prone to illegal activity because the givernment did bot manage bitcoin. Yhe banking also afraid bitcoin caue they think bitcoin replace the banking.
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,”
other factors may include 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,”
1. Press propaganda, this is a very tough factor that hinders bitcoin, bitcoin is not press friendly and as such the press are doing all they can to make sure bitcoin does see the light of day.
2. The banking system are scared bitcoin may take the place of the banking system, the banking system are doing all they can to discoursge investors willing to invest from doing so.
3. Another factor is that bitcoin is not well publicize, the publicity of bitcoin is not well enough and as such very few people are aware of bitcoin. no one will want to invest in what he/she knows nothing about.
What scare people firstly is that they about to lose their money for nothing but they dont know that btc is a whole life investment also may be the revolution between up and down pump and dump the reason which frightene's people
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