What factors scare others from investing into bitcoin? - page 57.

uray

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Quote from: oni4an on June 20, 2018, 01:26:55 PM

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. Well, and of course, its instability also scares people, they're afraid of just not getting their money back.

Many have the opinion that the legal clarity is stopping them from investing in it, but first you have to understand that it is a new market and it will take some time for everything to be included in a legal frame work and since it is a global economy it will be very hard to stuff everything into one legal frame, forget about bitcoin mining, it is not possible for casuals as you need huge investments, about the volatility, i cannot see a single market in the world that is stable, so you cannot complain about that too. Tongue

rindayle

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Scares many investors is a new cryptocurrency market and that there is great volatility. Many simply do not understand what it is and how to work with it.But soon everyone will understand that you can earn here.

oni4an

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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. Well, and of course, its instability also scares people, they're afraid of just not getting their money back.

dmamigo

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Quote from: Gintama214 on June 20, 2018, 12:15:48 PM

There probably many reasons why some people who are unable and are scared to invest with bitcoin. One reason is that not all countries do accept bitcoin fully and they have banned it in their country if you search it in google there are actually few countries that don't want to do with bitcoin which this makes their people unable to invest or even know about bitcoin. Another reason is that many people who watch news who easily believes what they are saying actually don't want to invest with bitcoin because they are saying negative things about it which they are afraid to invest and won't even try to learn with bitcoin. If they really want to learn and invest with bitcoin they will actually do their own research and see the positive side with bitcoin and investing.

In my country people are just scared to invest mainly for 3 reasons, Too fluctuating, Government restrictions and some of them feel this is scam. Countries are banning or just restricting usage of any cryptocurrency, same in our country as well. Recently we have heard they might lift the restriction or ban. People are more orthodox, they feel more secure to invest in Stocks, Funds etc, which is actually not wrong, but they are missing out this good opportunity, nothing else. Many of the top investors, also influence people from not investing, that also makes a great impact on individual decision when already they are scared.

irenegaming

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Frankly speaking there are many factors that makes someone new to the crypto markets afraid to invest in it. Some of which are things like uncertainty regarding laws around Bitcoin market, if it is legal to invest in it or if they won't get into any trouble, how the technology works and what they should do after purchasing the coins.

HiringYou

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People are scared from investing in Bitcoin due to various factors.The first factor is the government support.Many governments are declaring it as illegal in their respective countries because they have no control on it and we often see that people don't participate in those things which are against the government rules.Second factor can be the risk factor.People find it risky to invest in Bitcoin because of it's volatile nature.Due to it's volatility a lot of fluctuations are seen in it's price.So people are always scared from facing losses.These are main two factors due to which people are scared from investing in Bitcoin.

Gintama214

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There probably many reasons why some people who are unable and are scared to invest with bitcoin. One reason is that not all countries do accept bitcoin fully and they have banned it in their country if you search it in google there are actually few countries that don't want to do with bitcoin which this makes their people unable to invest or even know about bitcoin. Another reason is that many people who watch news who easily believes what they are saying actually don't want to invest with bitcoin because they are saying negative things about it which they are afraid to invest and won't even try to learn with bitcoin. If they really want to learn and invest with bitcoin they will actually do their own research and see the positive side with bitcoin and investing.

Harrow30

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The fright is still on as a lot that don't know or believe in the cryptocurrency markets still see it as a bubble and some still term it a ponzi. They are scared that they don't want to see their had earned money suddenly vanish into thin air.

aardvark15

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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?

I think the biggest reasons that people don’t invest in cryptocurrencies are:

1) It can be hard to know how/where to buy them

2) We constantly hear about hacks and other security issues

3) The prices are too volatile

4) Some people view cryptocurrencies as a Ponzi scheme

5) There are too many cryptocurrencies to choose from

6) There is a lot of conflicting information in the media about cryptos

7) People don’t have disposable income to invest in something high risk

8.) Don’t know who to trust

mindfly09

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Quote from: jeni99 on June 19, 2018, 09:45:19 AM

many factors that make people afraid to invest bitcoin apart from news news that often affect bitcoin prices is about predictions that say bitcoin will die soon because of that people start afraid to invest

The price is changing, so this is the reason why other people are afraid to invest in bitcoin, because the price especially now is still low, so they think they lose their money, and asides from that they think that bitcoin will not stay for a longtime.

pratik009

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There are many factors which scare people to invest into bitcoin.some of factors are given as below.
1.Bitcoin is cryptocurrency:-This is the major factor scare people to invest in bitcoin. Beacause due to cryptocurrency most of people have not trust on it.
2.Price Fluctuations Is Very High:-The price fluctuations of btc is too much so many people scare to invest in it.
3.Investment is unsafe and insecure:-Due to some of hackers this rumours spread into market that they can hack wallets. So many people didn't buy bitcoin.

Silenox

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I will list the ones I consider the main ones:

* Lack of knowledge - Many people have heard about Bitcoin and Blockchain, but a small part seeks to understand what it is and how it works.

* Media - The media in general speaks pessimistically about cryptos, saying that it is a bubble, that it is a scam, that it is ponzi etc.

* Known people - Many and many cases of people who fell into ICO scams or bought Bitcoin at ATH thinking they would make easy money.

* Governments - Many investors are clamoring for state regulation (something totally contradictory to Bitcoin's philosophy).

addeqt

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Currently, the biggest issue that holding people back to invest in bitcoin is legal issues. The government have only two approaches in terms of crypto, it is either they ban it or they are just silent about it. I know that there are countries that accept bitcoin or crypto as a payment but their government has not issue or promote the use of it to the community. Another factor that affects is the negative news, people are scared of being scammed and investing in something that they did not fully understand especially if they cant even see the physical coin itself.

Shiversnow

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Quote from: bitcoinVPSD on June 19, 2018, 03:53:38 AM

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.

People's they have lot's fear in joining in investing in bitcoin. Investing in bitcoin you faced lot's of risk and challenges, you encounter a hacker's in your account, the unstable price value. All of this are encountered of investors they faced lot's of this. But all this challenges is worth it cause it gain high profit in there investment.

heureca

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I think that very big BTC volatility is the main factor that influences on new investors. They afraid of new price dump

cryptosharon

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The volatility especially. The fact that bitcoin is not specific on its pricing makes it difficult for people to want to invest in either for trading or for keeping it as an asset. But it doesnt affects bitcoin's behaviour.

Abete

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Quote from: Ar Rahman on June 20, 2018, 10:42:31 AM

there are some factors that make people afraid to invest in bitcoin, among them legal factors, because bitcoins are not acceptable in their country or do not yet have state government permits, other factors also of bitcoin prices continue to rise and fall, so they do not want to take risks when bitcoin prices fall, some people are afraid to invest in bitcoin because they do not yet understand about blockchain and bitcoin.

more or less like you say, but I think, if we know the bitcoin must be directly from the understand, not from the results we find out from the internet or youtube. which feared if the information had a negative impact. but if I'm with the right people, I do not think there will be any fear of knowing and investing in bitcoin.

queenlaurel

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Price volatility is one major factor, because people will be like what is the idea of investing in something that might drop at any time. Then it's not protected by the government in most countries, and might loose it all to fraudsters. Then also you don't know those you are dealing with in the real sense of it. So there are lots of reasons why people don't want to invest in Bitcoin.

Ridwan Fauzi

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I suggested a lot to my friend to investing in bitcoin, and I have various answers from them. First, they see the bitcoin is just a bubble that one day will just disappear. Second, they say bitcoin is not real, so they do not dare to spend money and buy bitcoin. Third, the internet network is very vulnerable to hack by someone, if they have a lot of bitcoin they will not be quiet to sleep because thinking about the bitcoin in the wallet.

soplo

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some people are afraid of investing in bitcoin because they only know about the rising bitcoin harvest, besides from legal factors also affect people fear the existence of bitcoin without understanding its usefulness and benefits, I think they just do not understand about blockchain and bitcoin, bitcoin aims to be global currency, but bitcoin is also safe to invest.

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