Topic: What factors scare others from investing into bitcoin? - page 52. (Read 4232 times)
I think it has always been their wrong perception about bitcoin. They are manipulated by inaccurate sources and believing that it is true. The question that always run on their mind is "Why is there a lot of scams and hacking?" and that always push them away from investing.
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?
In my own opinion, the factors that scare other people to invest bitcoin is the security. Many news and articles said that there are many scammers that scams bitcoin investments so I think it is the factor. Another is they are scared to not earn profit.
I think that the factor as not complete regulation on the part of the state in which the investor lives influences his decision to invest or not, but in my opinion there are now many ways to make sure that the decision of the state does not concern you.
Probably because bitcoin is difficult to predict then people who are not familiar with bitcoin are very afraid to invest in bitcoin. If they do their own research than things may change.
One is its sudden price change. As we know,investors should really be cautious and observant with the bitcoins price because of the high change rate of it. Lots of investors think of it as a reason for them to not invest in bitcoin. The people who spread some negative news about bitcoin also affects its target investors since many of them are carried away and are scared to risk their money in bitcoin. As an amateur investor, I also have some doubts in bitcoin when I first started but it turned out really well and gave me some profit with my investments.
I think that most factors from which people are afraid are related to security issues , because many people are scared of any sort of digital asset since those ones can be compromised or hacked easily , and not only cryptos are endangered by hackers but also regular fiat credit cards so people already know about this danger . And even acquiring a good antivirus won't make people 100% safe and the only solution is transferring the coins into an offline wallet such as a ledger and that can be tricky especially for beginners . Other factors are those of loosing the investment etc and those are present in every other field of investment of life so they're not really that important to discuss about ..
due to lack of capital and knowledge for investment in this bitcoin.
of course the members or the community have not dared to be able to continue their business.
because the risk is quite high .
of course the members or the community have not dared to be able to continue their business.
because the risk is quite high .
1. Bitcoin is kind of a imaginary money with an imaginary value. Most people want an assurance they want something that they can hold and can see.
2. There are a lot of scam works working side by side the idea of bitcoin. In fact before arriving at this site you will come across a lot of ponzi scheme and sc around the internet. Small investment huge profit and easy money way.
2. There are a lot of scam works working side by side the idea of bitcoin. In fact before arriving at this site you will come across a lot of ponzi scheme and sc around the internet. Small investment huge profit and easy money way.
Lack of knowledge about investment, trading and crypto currency because it they know more about it thry will surely trust and invest right now.
the main reason someone is afraid of investing in bitcoin is a lack of knowledge about bitcoin, if a person's knowledge is lacking then he will not trust to invest on the grounds he is afraid of being cheated or the bitcoin has not been legalized. so I think that knowledge is very important to facilitate our work.
yes, there are several factors that cause many people to be afraid to invest in bitcoin, among them the first legal factors, because bitcoin is unacceptable in many countries, they do not have permission from state government agencies, other factors of bitcoin prices continue to rise and fall , because they do not want to take a risk when bitcoin prices fall, some people are afraid to invest in bitcoin projects because they do not understand about blockchain or bitcoin.
1) Bitcoin has an intrinsic value of 0
2) Regulation is quite likely in the near future
3) Exchanges are centralized (KYC and AML) and get hacked every now and then
4) People have difficulties in handling different wallets
Thats all that comes into my mind
2) Regulation is quite likely in the near future
3) Exchanges are centralized (KYC and AML) and get hacked every now and then
4) People have difficulties in handling different wallets
Thats all that comes into my mind
A friend told me that investing in bitcoin is like giving your money to someone only for that person to tell you that part of the air moving belongs to you. He believes bitcoin to be just like air. It can vanish at anytime, he says. Others also think the creator or inventor of bitcoin is unknown this the reason why they are hesitating to invest.This second group of people are of the thought that someone should be held responsible when things don’t go well with their investment.
People just don't want to read and as such they believe in whatever they hear. People should just learn to find informations on their own rather than always depending on others for news. This is the right time to buy if you want to earn much profit.
One of the reason why other investors are scared in investing in bitcoin is the no knowledge and background in bitcoin. It is difficult to understand bitcoin for a beginner. Second reason is the price for it is changeable and it scares the investors for its sudden drop and slow increase especially today. Third is its system for it is a decentralized which means not controlled. I think these are some reasons that scares imvestors.
I think the factor that makes others afraid to invest in bitcoin is impatient. Indeed, bitcoin will provide great benefits to those who are loyal and will wait patiently until the bitcoin price is rising as desired. For those who are particularly scared now that bitcoin prices are down and stagnant at the bottom will be impatient and end up panicking to sell their bitcoin. They can not wait to get a profit and can not wait until normal conditions. So before they make a profit then they lose their bitcoin.
Actually, the most frightening factor in investing in bitcoin is the misleading issues that continue to preach bitcoin. The issue is actually an attempt to drop bitcoin and make bitcoin lose public trust. For someone who does not have an established and less experienced bitcoin business will be affected on this issue and will make the wrong decision. This will eliminate the opportunity that a person gets a big profit through 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?
Because of hackers.
Bitcoin is digitalize in a system, and no system is safe in this world.
So, people afraid to invest because the feel their money not safe enough
there are many factors that make many ordinary people afraid to invest. the most powerful factor is the local news that airs that bitcoin is a bubble and a ponzi scheme. this is very influential on people who do not understand bitcoin or crypto
You are definitely right. The misinformation about the bitcoin that they are spreading refrain other people to get involve with the Bitcoin.
Bitcoin price volatility is one of the main factors that scare people away from Bitcoin. Another thing is that some people with high reputation and wealthy and also speaking against the currency: so this influences people a lot. Another factor is ban by governments is another important issue.
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