Topic: What factors scare others from investing into bitcoin? - page 56. (Read 4232 times)
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..
Well, there are many factors which scare others from investing into Bitcoin. One of them, is the huge volatility Bitcoin has within the markets. Within any day, Bitcoin can either become extremely valuable or extremely worthless, making an investor either poor or rich in a blink of an eye. Other factors are simply high transaction fees, and slow speeds which makes Bitcoin impractical for payments or even transferring money to friends across the globe. And finally, there's the fact that Bitcoin is a target for hackers, which scares off any investor, as well as ordinary people from acquiring and using Bitcoin since their funds can become easily lost.
Therefore, until Bitcoin solves said issues, it will keep many investors outside for quite a long time. However, with proper regulations, investor's funds in an exchange could become protected or insured by the government, adding a greater level of trust into Bitcoin and many other cryptocurrencies in existence. Just my opinion
Therefore, until Bitcoin solves said issues, it will keep many investors outside for quite a long time. However, with proper regulations, investor's funds in an exchange could become protected or insured by the government, adding a greater level of trust into Bitcoin and many other cryptocurrencies in existence. Just my opinion
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?
There is only a single factor that scare everyone from investing into bitcoin or any other crypto currency and that is fear of drowning of their money. Some days that bitcoin is a bubble which will burst soon , so we should not invest into it and some says that the valuation is very low and it will not recover further so those who had purchased bitcoin earlier, will suffer from loss now but I think this is all myth, bitcoin will glow and valuation will also inflate in the coming months of this year.
likely the volatility(the up and downs of the fee) and the safety of bitcoin. well, nobody in this world wanted to place their cash to waste. if they invested on some thing that isn't secured, then they're just wasting their time right? It manner that humans wanted a secured profit via making an investment.
if I think the factor of people who are afraid to invest in bitcoin because its own bitcoin masi can not be widely accepted in some countries and also those who fear that bitcoin is being used for crime.
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 its because of the unstable price of bitcoin. Every now and then, bitcoin changes its exchange price so i thinks maybe it is one factor that scares them to invest in bitcoin. Additionally, not all the countries in the whole wide world accepting bitcoin market. 
In developing countries many do not have access to the internet, this is a major militating factor, also because of the level of illiteracy alot of individual cannot comprhend how they can own a coin they cannot touch and possibly see and lastly because government globally do term BTC illegal most people do not want to get involve as they claim to be avoiding "scam"
Government do not do anything when people using it for good. Only people who claimed that that it is scam is those who become a victim of bad people that make illegal process to earn for their own good. Everyone must learn more about crypto currency and how it works which need good internet access. What really afraid from investing is that the price is very volatile.
The most scary things about engaging yourself to a new thing is about the lack of knowledge.
People who lacks the basic understanding of how bitcoin truly works will never try investing in it.
What we need to do is to educate everyone not just how good bitcoin can be it is also how can you really profit from it.
We increase their knowledge so the chance of getting them in cryptocurrency will also increase.
People who lacks the basic understanding of how bitcoin truly works will never try investing in it.
What we need to do is to educate everyone not just how good bitcoin can be it is also how can you really profit from it.
We increase their knowledge so the chance of getting them in cryptocurrency will also increase.
Its attractive characteristics are sometimes the concern of other people when investing in specific bitcoin such as the daily change of hourly price called their uncertainty that makes investors hesitant.
Some of the factors that scare people from investing into bitcoins is:
- The price is extremely volatile
- They are believe that it is nothing but a bubble
- Not regulated by government entities or banks
- The issue of legality
- Prone to illegal activity because of the anonymity
mungin they do not know clearer bitcoin and maybe they saw news negative about bitcoin are not necessarily the news true
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?
Some people think bitcoin is a form of scam but we cannot blame them because there's a lot of scammers out there, then about the legal issue if the government ban bitcoin in their country for sure the investment they put it's already lose and there's a lot of negative news about bitcoin and other crypto so by that people get discourage to invest.
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?
Some people think bitcoin is a form of scam but we cannot blame them because there's a lot of scammers out there, then about the legal issue if the government ban bitcoin in their country for sure the investment they put it's already lose and there's a lot of negative news about bitcoin and other crypto so by that people get discourage to invest.
The fear is that bitcoin prices are so volatile that it is hard to use as currency. At the same time bitcoin has not been widely accepted.
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 factors that scare other from investing into bitcoin is that the chance that they will be scam because there are so many people now that willing to do anything even they will do bad things.
In my opinion, there are many reasons why others are afraid to invest in bitcoin. There is always a risk in deception and investment risks that investors may face is the most frightening factor due to bitcoin volatility, some investors do not really know when to gain profits or fear losing investment, but I think they should take that risk because it is part of the game in investing, 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?
I think the very reason why people do not invest in bitcoin or are scared to invest is that there are a lot of fud ongoing about bitcoin possibly getting to an all time low. This frightens investors a lot and this time that bitcoin is always going down, people think it will keep going down so they run away from investing and wait for lower prices. I think the biggest fear of newcomers is that they will not be able to withdraw funds once invested and turn out to be profitable. We must focus on showing bitcoin features - including the fact that no one can return a transaction after it is sent (which sometimes makes newcomers afraid because unlike traditional cash they will not be able to contact their bank later) and cancel payments if they realize they are being cheated ).
We should focus to show that bitcoin transactions are the safest in the world because no one can block your account or ban you. Thanks
We should focus to show that bitcoin transactions are the safest in the world because no one can block your account or ban you. Thanks
I think is because of the legal issue why there are still people who are scared to invest in bitcoin. Just because of the negative news around about bitcon legality in other countries thats why people are scared one of the factors that can cause people to dislike bitcoin is the medias negative comment about the cryptos. Also the stability of bitcoin is one of the factor.
I think the biggest fear of newcomers is that they will not be able to withdraw funds once invested and turn out to be profitable. We must focus on showing bitcoin features - including the fact that no one can return a transaction after it is sent (which sometimes makes newcomers afraid because unlike traditional cash they will not be able to contact their bank later) and cancel payments if they realize they are being cheated ).
We should focus to show that bitcoin transactions are the safest in the world because no one can block your account or ban you. Thanks
We should focus to show that bitcoin transactions are the safest in the world because no one can block your account or ban you. Thanks
In developing countries many do not have access to the internet, this is a major militating factor, also because of the level of illiteracy alot of individual cannot comprhend how they can own a coin they cannot touch and possibly see and lastly because government globally do term BTC illegal most people do not want to get involve as they claim to be avoiding "scam"
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