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
Topic: What factors scare others from investing into bitcoin? - page 53. (Read 4232 times)
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
The main factor scaring people away is the volatility of Bitcoin. Majority of my friends remain adamant saying they won't delve into it unless they are certain that volatility is a thing of the past when Bitcoin is involved. But is that really possible? i say no. Another factor is the influence of government
actually a lot of reasons other people who make them reluctant to invest in bitcoin such as, bitcoin not protected by any country so they are afraid to invest, besides there are still some people who say bitcoin is a gambling field, but in reality not so.
Well, one thing for sure is that there is a lot of FUDs in the world of cryptocurrencies. The mainstream media is the most responsible for such situations, where people become scared from investing into Bitcoin or any other cryptocurrency in existence to date. Also, since Bitcoin is relatively new to our world, it's largely unregulated which means that people's funds are not protected by any government whatsoever. The decentralized nature of Bitcoin provides freedom for anyone to do as they wish.
Hopefully, with upcoming regulations to ICOs and centralized exchanges, investors could jump into Bitcoin as they feel confident that their funds will be protected by the government. The blockchain space is maturing into becoming mainstream, and that could only be achieved with proper regulations that will reduce illegal activity to bring real money into the market. And Bitcoin will surely become more valuable as time passes by. Just my opinion
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
There are many factors due to which an individual is scared to invest in Bitcoin
I agree, these are the factors, but the main reason is volatility because we see that the price is changing and they afraid that their money will not get back or it will lose. The other one is Scams that factors by some people that causes they scare, because there are people are already experience and get scam, so this is the reasons why others scare from investing in bitcoin. - volatility- The high volatility causes huge price fluctuations due to which people are scared in investing into BTC
- Legalisation- Bitcoin is not yet legalized in many countries which make people step back from investing into BTC
- Scams- Many people get scammed investing BTC into scam ICOs which has also become a factor now.
- fear- fear is a major factor why people don't invest in BTC. The fear of loss cannot be taken by many people.
- technology- many people are still unaware of how to use the Bitcoin and the blockchain technology which is why they have not yet invest into it.
First of all many people are scared for its volalatality and also the swings it makes in uptrend or downtrend. Next is its not regulated and not widely accepted as payment options and also accepted in very few countries . Also, the main thing is its very vulnerable and also used for money laundering or any other illegal activity.
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?
I think the other reason that makes some people are afraid to invest in bitcoin is the fact that bitcoin is still banned in some country and maybee their country is one of the country that banned bitcoin and classified bitcoin as a illegal activities. 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.
Illegal activities are one of the reasons why other people are scared of investing on bitcoin as there are news and articles about bitcoin users being scammed after investing on it.
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?
So others are afraid to invest in bitcoins because of the flactuating Bitcoins price.They are afraid that the price of bitcoins has fallen. So they really need to know the bitcoins before they invest. And of course you should be patient if the price of bitcoins falls as a result of it can achieve success and gain bigger profits.
Many deter the attitude of the leadership of their country-cryptocurrency is legal or not? Of course, if you are facing criminal responsibility for Bitcoin, no one will be able to mine it. Many simply do not understand what it is and how to work with it.But soon everyone will understand that you can earn here.
News outlets talk about bitcoin as just a flash in the pan and USA has talked about regulating it to the point of useless.
Some say it might have a future, but people don't want to invest into a "maybe".
It has also not displayed the characteristics of an actual currency. For example, transaction times and fees are extremely high.
Some say it might have a future, but people don't want to invest into a "maybe".
It has also not displayed the characteristics of an actual currency. For example, transaction times and fees are extremely high.
Investors are not ready to survive strong mental turmoil when the price of bitcoin can vary very much during a short period of time. That is why many people treat him very negatively, for example, Buffett. He says that bitcoin will end up with something very bad.
As I see the biggest problems are the lack of confidence in the future of crypto and huge volatility/ Last few months it is even no volatility but a falling down.
One of the big factor is high volatility experienced or observed over time. Then lack of back up from financial institutions like Banks, at least to make it secure for investors to put in their money.
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?
I think they think that bitcoin will not rise in price any more, but they are not right, analysts say that bitcoin will rise in price, I also think so
Some people are scared of investing in bitcoin due to its volatility nature.
The regulation issues.
Government inteferance etc
The regulation issues.
Government inteferance etc
Various factors influence people's opinion about bitcoin. First is its economic and legal insecurity and insecurity. Secondly, many people do not believe in bitcoin and spread various stories about it.
As for me, the first that scares me about btc is when i lost my coins because of my carelessness or lack of knowledge. And so, I'm trying my best in doing my part in learning and exploring it. Also, before I was afraid that btc is just a scam, but since most of my friends proved that it's legit and really profitable, and so I tried it.
In my opinion may be legal factor of the country and the security factor of the rampant hackers
Big factor I think " this is banned by some government". The number of countries which has banned Bitcoin is increasing. Other than it I think people can not understanding. This is new kind of money and hard to understand by commen man.
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