Topic: What factors scare others from investing into bitcoin? - page 7. (Read 4232 times)
Yes I agree legality of bitcoin is what scares the most of investors. People stays away from bitcoin because of the many countries that banned it and they assume that bitcoin is illegal.
The fact that there are a lot to learn about digital currency is one plus all the negative comments people hear and there are scammers everywhere, that drives people away. 
The crypto market is very volatile, if I hadn't known this and believes in cryptocurrency about from trading I would be regretting by now. My portfolio is currently in a huge loss which only a bull run will be able to savage and who knows when that will happen or if it will ever happen.
The main factor that scars the investors most is loss factor because they can see the current market and they think if they lose their every thing.
Some factors that can affect bitcoin Economic and legal insecurity. Many people do not trust bitcoin as a substitute for real currency. 
one of the factors that affect human beings so afraid to spend money on bitcoin is the bitcoin price this is presently still unstable. the charge is still taking place makes people afraid to invest due to the fact this will lead them to lose money and lose the quantity of cash they invest into bitcoin.
In my opinion, the main problem is the fear of investing in bitcoin because of the trust factor. Because trust is a source of courage, so believing that bitcoin is not illegal, is not a predator of our money, but bitcoin is a realistic form of investment because of its large returns. To trade also bitcoin is not as complicated as the others. Indeed, the decline or increase in bicoin prices is faster and bigger than conventional currencies, but precisely that is where an investor can get huge profits from patience and not panic.
there are many risks that can be caused by bitcoin, its value is unpredictability and unpredictable makes people worry that the price will fall suddenly, but there are also many people who consider this to be attractive from bitcoin, the price is volatile and not boring. other than that, government issues have not fully supported bitcoin, this is the main reason for investors to think again before entering the bitcoin market.
I think what truly frightens individuals off from putting into bitcoin is the absence of information about the blockchain innovation and its items. I concur with the way that the vast majority are crediting their feeling of dread to the instability of bitcoin however I am certain on the off chance that they have the information about bitcoin that as a digital money it is unstable and what ever be the situation they ought not take part in freeze deals when advertise goes down yet sit tight for it to rise. The Bible says Lack of Knowledge my kin die, it's about time that individuals read about what they are putting into.
The sudden pump and dump of bitcoin is on of the reasons that scares most people from investing into bitcoin. Well to be honest if the concept of volatility is really not explained to you before you invest into cryptocurrencies especially bitcoin you might think you have the worst mistake in your life. Can you imagine buying bitcoin at $10k and now it is around $7k.
1. a big factor is : legal issue. it is not legal and not acceptable in all country.
2. also some people scare because bitcoin is not commodity, nor currency.
3. Prone to illegal activity
As we know due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage. “Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities,”
2. also some people scare because bitcoin is not commodity, nor currency.
3. Prone to illegal activity
As we know due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage. “Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities,”
I agree with all of these. Bitcoin isn't trusted by many because it is decentralized, no form of government is controlling cryptocurrencies.
Sadly, the reason of people joining the party is to get rich in a quick time with the help of crypto. The volatility in the market give chances to make profits or lose money. I think people don’t understand this and they wanna see btc is rising forever. It’s not even possible. If they understand and accept the volatility of the market, maybe they can stop being scared.
fear/lack of knowledge, and lack of ability to research effectively.. this is most of the reason for peoples' fear about anything. To be scared of the unknown is understandable, but in the age of information, there really isn't any excuse for it these days. People are kept distracted and enslaved though so can't blame them at the same time.
There are plenty of factors people are afraid of but if you want to be a good investor don't let anything stop you from your investments. I think the main factor is people who talk negatively about it
People are accustomed to trusting what the government supports and permits, this is the basis of the main opinion of many investors. Many people do not have enough experience and knowledge to trust bitcoins and they think it's better not to get involved in it.
The biggest problem now is that it can scare people from investing in bitcoin to the highest, no one can lose money. this is a matter of legality, because bitcoin is squashed in most countries. Problem😥😱
I think that the main factor is the wrong news about crypto currency, in favor of the owners of this channel
Currently, many people look at the state of the cryptocurrency market and see that there is a strong decline in all major currencies. This situation gives us doubt about the possibility of further cooperation or investment in bitcoin. In the Internet there is information that bitcoin has become of little interest to investors, which psychologically affects people.
The main factor that scare people from investing in it is the risk factor.People find it risky because Bitcoin's price is not steady.Many fluctuations are seen in it's price.So they always feel it risky to invest.
Prospective investors lose interest in investing bitkoynov, because the mainstream media spread the news that bitkoyn is an unstable system, people believe it and do not invest money
I think the main factors are first of all the unpredictable market and another one is constantly falling the value of bitcoin and also many other reasons are there.
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