What factors scare others from investing into bitcoin? - page 55.

coromabur

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Quote from: Mary Ofosuhene on June 18, 2018, 03:42:01 PM

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?

May be a factor such as the country that has not yet legalized bitcoin is also the reason someone is afraid to invest in bitcoin, because they fear what they have purchased can not be used for transactions or anything else.

Kahoy01

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Quote from: Mary Ofosuhene on June 18, 2018, 03:42:01 PM

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 high levels of uncertainty in this industry is one of the biggest underlying reasons as to why people are scared of investing in bitcoin. They can't trust an investment firm that couldn't even guarantee its security and status in the market. Another reason is lack of knowledge. They think bitcoin is a big scam and therefore they stay away from it.

BelieveInBTC

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FUD is our biggest problem. People who don't have enough knowledge repeat what they hear on TV or read on the Internet. People believe in what banks and governments say about cryptocurrencies and try to discourage others from buying them. People are too lazy, they would like to earn as much as possible without risking any of their money. That's obviously impossible but many desire that.

hefjor

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They are afraid of the bitcoin crisis right now that the market are crashing they think that market will not recover and aside from that lack of knowledge about crypto currency.And not only for that they are afraid also to being scam by others and they dont affort to lose.

jovs

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Quote from: Mary Ofosuhene on June 18, 2018, 03:42:01 PM

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?

Guess, it is just a matter of wrong perception on the true properties of bitcoin which scares them. After all, watching your bitcoin investment goes down is really frustrating, but, if you are aware of this periodical happenings, probably, you would not panic at all, because you know the fact that the price will not fall continuously. All you have to do is wait until the price recover.

jayveerastrullo

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Only one factoe scares me from investing into bitcoin and that is the coins, ico, tokens, cash that are new in the system and has a great mission that will soon maybe one of the greatest enemy of bitcoin in terms of number of users and price.

yabutzxc

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The social media, the fake news of others people in bitcoin, and they have no idea what is digital currency ,and because it is not legalize and formly legal to the eye of the government, and also those who fear that bitcoin is being used for crime.

entrepmind23

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Quote from: ArnoldChippy on June 25, 2018, 06:57:13 PM

I personally cannot see any special reason which can cause people to afraid from bitcoin investors, except some common factors, for example the regular decreasing value of bitcoin which make the investors a little worry about investment in bitcoin, but this is going to be over very soon, because bitcoin price will not continue decreasing its value for a long time, but will very soon recover.

One of the factors that I observe when I try to introduce bitcoin to anyone is that they are afraid bitcoin is just a scam just like an investment scam or HYIP scam. Due to lack of education and understanding of what bitcoin is and the negative news they can always see reported by mainstream idea, there is already an assumption that bitcoin is bad and/or illegal. They are afraid that when they invest into it, they wouldn't be able to get back their money. The concept of cryptocurrency is new and it is just natural that some people are afraid of something they are not familiar with.

Quote from: xiboothrezi on June 25, 2018, 05:05:56 PM

Government policies related to cryptocurrency also greatly affect. Some governments restrict and even prohibit the use of bitcoin for various reasons. Ordinary people will assume that bitcoin is harmful to the policy. So, we must be more wise and open in accepting technological developments, so as not to lag behind and can use it.

The lack of legalities is also a factor why some people are hesitant to be involved with cryptocurrency. Some countries are restricting it that's why when others learn other countries restrict bitcoin, they would be hesitant again to invest on it because there is a possibility that it will happen then in their country.

ArnoldChippy

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Quote from: Babylon on June 25, 2018, 05:07:06 PM

The high price maybe and the price drops could also be a reason why they are scared to invest in Bitcoin,
They could be afraid to get into Bitcoin because it is only back up by the demand of the investors and if the demand gets wreck the price would fall down.

I personally cannot see any special reason which can cause people to afraid from bitcoin investors, except some common factors, for example the regular decreasing value of bitcoin which make the investors a little worry about investment in bitcoin, but this is going to be over very soon, because bitcoin price will not continue decreasing its value for a long time, but will very soon recover.

rockyboy

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The social media, the negative news that they heard about bitcoin it is one of the factors why they are scared of investing with bitcoin. One more thing, they have no idea what is digital currency.

Gotomoon

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People scare about investing into bitcoin one of it are prices, lack of of knowledge about crypto. This is important to know the facts that is risks, since it is not easy to speculate prices. Learn and gains knowledge before investing into bitcoin.

Babylon

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The high price maybe and the price drops could also be a reason why they are scared to invest in Bitcoin,
They could be afraid to get into Bitcoin because it is only back up by the demand of the investors and if the demand gets wreck the price would fall down.

xiboothrezi

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Quote from: Roomshambles on June 25, 2018, 04:49:03 PM

Probably because bitcoin is difficult to predict then people who are not familiar with bitcoin are very afraid to invest in bitcoin. Better we introduce it first how to invest in bitcoin and gain profit for the future.

Government policies related to cryptocurrency also greatly affect. Some governments restrict and even prohibit the use of bitcoin for various reasons. Ordinary people will assume that bitcoin is harmful to the policy. So, we must be more wise and open in accepting technological developments, so as not to lag behind and can use it.

kingkonjac

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when people don`t have a knowldege about a thing, they are very vulnerable to be manipulated and as media fuds it they listen to it and believe everything it is said such as it is a bubble. If they do their own research than things may change.

Roomshambles

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Probably because bitcoin is difficult to predict then people who are not familiar with bitcoin are very afraid to invest in bitcoin. Better we introduce it first how to invest in bitcoin and gain profit for the future.

darkangel11

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Quote from: sabine80 on June 25, 2018, 03:34:24 PM

Quote from: abiola4real on June 25, 2018, 03:27:23 PM

Some of the factors is the fear of losing money since cryptocurrency price are not stable and most still fear the ban by their countries since government has not officially declared it legal and accepted..

i also think that most people who are not investing are afraid of losing their money. i have personally experienced that in my own environment. but these people would never invest in stocks, gold or anything else.

This fear of losing money is such a general idea. Everyone in this topic is repeating it like it was some magic spell. People are always overreacting. They are afraid when the price goes down and spending money like idiots when it's going up.
The main reason why people aren't investing is lack of education. 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.

Phinoy

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Quote from: pawanjain on June 19, 2018, 10:11:43 AM

There are many factors due to which an individual is scared to invest 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.

There are so many factors that can we say scares you in investing mean reason that can affects or scare you most is scam that's why lots of people are very care enough on there invest and also there are some reason scares you some other things to consider are the recent scams from big names such as Bitconnect and Davorcoin. They were big companies and pulled off something big and its unfortunate that others got hurt in the process.

dewi91

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Quote from: abiola4real on June 25, 2018, 03:27:23 PM

Some of the factors is the fear of losing money since cryptocurrency price are not stable and most still fear the ban by their countries since government has not officially declared it legal and accepted..

that's right. 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. many people invest in crypto because they have the high expectation if they can get rich with it, they invest without have knowledge about that and when the price decrease they do panic selling and assume that crypto is scam.

Rambogae

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Quote from: Frank_Robertson10 on June 19, 2018, 07:27:03 PM

To be honest I feel very confortable with AML BitCoin. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions, while maintaining and sthrengthening the privacy protections for legitimate users.

I think that there are other issues like technology or user friendliness. Lack of awareness is one of the main reasons for people not to get involved with Bitcoin because they believe the media story without doing their own research and trying to understand what is Bitcoin and blockchain technology and how it works. Think that there are other problems like technology or user friendliness. Lack of awareness is one of the main reasons for people not to get involved with Bitcoin because they believe the media story without doing their own research and try to understand what is Bitcoin technology and blockchain and how it works.
I believe that price volatility and legal status are the main concern for anyone to think about their involvement in Bitcoin and other crypto currencies.

sabine80

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Quote from: abiola4real on June 25, 2018, 03:27:23 PM

Some of the factors is the fear of losing money since cryptocurrency price are not stable and most still fear the ban by their countries since government has not officially declared it legal and accepted..

i also think that most people who are not investing are afraid of losing their money. i have personally experienced that in my own environment. but these people would never invest in stocks, gold or anything else.

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