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Topic: What factors scare others from investing into bitcoin? - page 62. (Read 4232 times)

full member
Activity: 350
Merit: 100
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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 one of the biggest factors why some other people are scared to invest in bitcoin is because of the negative impact that gives or produced by media. We all known that in the past few days media are released a lot of negativity news about bitcoin. As we all known that media has a biggest influence to people but I believe that even we heard a lot of negativity about bitcoin still it depends on us if we believe it or not. However, it is one of the reasons why some other people are hesitating and decided that won't ever be involve in this system.
There are many reason why others scared on investing in bitcoin. The bad news spreading about it on the social media, because of that, many people think that bitcoin is a scam, whatever people see on the social media, they easily believe without even searching for it. People easily deceived by the media because they can manipulate the news. For me, i think that we let them see that we are successful on this kind of thing, so that they are the ones that can see that not all the news are true.
legendary
Activity: 1904
Merit: 1074
I think for most it is the fear of the unknown. I was also very hesitant at first to invest in a "virtual" coin, when I started out. I

thought it was some kind of temporary token or just a craze that would end quickly. I did a lot of research before I started to

buy some bitcoins and I think that is what is lacking with most people. {They are too lazy to do the research, so they think

it as a scam or a Ponzi scheme and that prevents them from buying. }  Roll Eyes
sr. member
Activity: 1484
Merit: 323
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 one of the biggest factors why some other people are scared to invest in bitcoin is because of the negative impact that gives or produced by media. We all known that in the past few days media are released a lot of negativity news about bitcoin. As we all known that media has a biggest influence to people but I believe that even we heard a lot of negativity about bitcoin still it depends on us if we believe it or not. However, it is one of the reasons why some other people are hesitating and decided that won't ever be involve in this system.
sr. member
Activity: 700
Merit: 251
The factors you mentioned are the primary ones which is keeping people away from investing in bitcoin. From my personal experience too i have seen people who invested in bitcoin but because of the volatility and recent downtrend they got out of it and now not looking into getting back.

Some other reasons which i found was people are not yet confident about bitcoin they have a risk in mind that their money can possibly go to zero too as the news from different nations keeps coming about bitcoin ban

sr. member
Activity: 616
Merit: 263
I think right now, the main thing scaring new investors away from Bitcoin is simply its volatility, and the downward trend it, and the other cryptocurrencies are following right now. Due to all the hype in 2017, people have the expectation that Bitcoin can make them rich, when the truth is that it isn't a get rich quick scheme anymore. We will need to rely on true progress in order to see the gains we once saw. Yes, Bitcoin still has massive potential, but we need to help this be recognized before we can really see just how far it can take us.
member
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The price of bitcoin has dropped sharply. Bitcoin does not develop again for a long time. So many investors are very worried about bitcoin. it's price has not increased. Moreover, more and more negative information about the bitcoin appeared on the media.
newbie
Activity: 84
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Because of lack of knowledge and the government trying to make a bad image of BTC every day.
newbie
Activity: 252
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There are some risk factors investing into bitcoin such as Government Regulation, market volatility, lack of liquidity and many more. If it does become a long-term trusted store of value, investing in cryptocurrencies and other Initial Coin Offerings ("ICOs") is highly risky and speculative. Regardless of whether one ought to put resources into bitcoin or not relies upon whether you figure Bitcoin will turn into a long haul confided in store of significant worth.
hero member
Activity: 798
Merit: 500
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?

Actually, there's a lot of factors why some people doesn't wanted to invest in bitcoin even knowing that it is very profitable and it could make a big help to them. The different factors are lack of knowledge about the system, very risky because of it's high volatility it has and knowing that there are a lot of scamming and illegal activities that are happened by the use of this system. People are really scared and hesitate to invest because of those factors.
legendary
Activity: 3374
Merit: 1824
When I talk with my friends, there are a few factors, really.
Some of them read some negative media news about bitcoin.
Other heard that many criminals using bitcoin for their criminal activities.
Also, recently central bank in my country warned people that crypto is rto risky investment.
jr. member
Activity: 202
Merit: 1
factors or causes people are still afraid to invest in bitcoin.
1. they assume that the bitcoin price is like a soap bubble.
2. prices that can not be predicted by anyone.
member
Activity: 154
Merit: 10
I believe the most common factors why people scares from investing is the market price volatility because  the market can easily drops value without valid explanation and  its very hard to predict its movement.

I agree, the most common factors that scare people in investing bitcoin is the unstable value of bitcoin which sometimes goes high and sometimes goes down which no one can predict its value and why it happens.
newbie
Activity: 112
Merit: 0
There are so many factors that are affecting the investors to be scared to invest in bitcoin. The most influential factors are FUDs, Speculation and negative news. These are so vital to allow the market price more stable.
full member
Activity: 602
Merit: 111
I think Trust issue is one of the main factor that people are scared of investing on bitcoin. Many do not trust bitcoin, they can not take this kind risks as its a very volatile rather they want to invest on actual gold or real estates which is more secured and sure profit investment.
Bitcoin is very secured in terms of the security but the price volatility is the biggest fear of the investors which keep think twice to invest or not before bitcoin.Because the price of bitcoin was around $20K before 6 months but it is now just at $6500 so people will get scared before investing into these kind of investment.
member
Activity: 322
Merit: 10
Certainly, unconscious people are doing panic deals and people are showing them like a system mistake, others are constantly affected by the negative aspects of bitcoin. The first thing that needs to be done here is to understand the system with small numbers and then to get into the exact job.
newbie
Activity: 70
Merit: 0
I think Trust issue is one of the main factor that people are scared of investing on bitcoin. Many do not trust bitcoin, they can not take this kind risks as its a very volatile rather they want to invest on actual gold or real estates which is more secured and sure profit investment.
legendary
Activity: 3248
Merit: 1402
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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?
Apart from volatility, there is a rather popular thought among newbies that bitcoin is a ponzi or a bubble that will explode (or already did). Bitcoin is obviously not a ponzi scheme, but the question about the bubble is more difficult. If people simply buy bitcoin, expecting it to grow in the future, the prices we see that in a way not representing reality. This leads to huge fluctuations even when minor bad news appear on the media. Another factor that is important for ordinary people is that bitcoin is not officially recognized and supported by the governments, so they don't feel like taking unnecessary risks.
newbie
Activity: 129
Merit: 0
bitcoin need lot of practical knowledge and more important self-belief and technical understanding everything in bitcoin is nt very easy to understand until they experience it market volatility is one of the factors for investors feel scare
member
Activity: 672
Merit: 12
People do not scare from investing into bitcoin; they have heavily invested in it.  But due to the negative; greedy role being played by the speculators and big whales; true investors feel fear investing in it.  For their greed big speculators move the markets in the directions they what it to move.  They earn huge profits and exit from the market when their interests are fulfilled.
newbie
Activity: 42
Merit: 0
Many problems can be pointed. Hackers, price going down, many negative prediction about its life in future made people stop investing in BTC.  Wink
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