What will keep people from getting into cryptocurrency? - page 11.

liseff3

sr. member

Activity: 532

Merit: 255

Quote from: bitterdog on September 06, 2018, 08:18:37 PM

Quote from: Impulseboy on August 28, 2018, 08:08:24 AM

I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?

Maybe the fact that altough bitcoin is very profitable, but they also have a huge risk.

Because most people do not master / know the problems that occur in the development of crypto currencies. Too many aspects need to be considered one of these aspects is accessibility. And they assume, what's the use of having money in the form of Cryptocurrency if we can't access and can't use it at all like the fiat currency in general.

creeps

full member

Activity: 742

Merit: 144

Quote from: Ava Duvall on September 06, 2018, 08:43:34 AM

Quote from: infonik on September 06, 2018, 04:37:26 AM

Fraudster and manipulation
I think these two are the worst phenomena in the market today because they are destroying the beliefs of those investors!

I have heard there has been a lot of manipulation and its become quite common. hopefully people know how to avoid it

There’s a lot of price manipulation right now but I believe people will still come in this market because they see big potential in the future. As long as there is whales controlling the market for sure its hard to stop it, so as an investors try to study how this market works and ride with the whales so you can make good profit even if its a bear market.

bitterdog

hero member

Activity: 728

Merit: 503

dApps Development Automation Platform

Quote from: Impulseboy on August 28, 2018, 08:08:24 AM

I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?

Maybe the fact that altough bitcoin is very profitable, but they also have a huge risk. I think it will keep people from using bitcoin.

terrific

hero member

Activity: 2380

Merit: 517

Catalog Websites

Quote from: Fatanut on September 04, 2018, 07:20:11 AM

Quote from: terrific on September 03, 2018, 09:57:58 PM

~snip~
Knowing on how many people are interested to get into crypto but are lack of knowledge and budget as well.

I find it hard to believe the people that says they are interested in getting into crypto but never do their research. It's like they are just announcing that same phrase in the room over and over again and hoping that God will send an angel for him and educate him about crypto. People always want to know things but would set it aside until they meet someone who knows a lot about it. Why bug people when you can do your own research, right? After all, an individual wouldn't have the time to educate you about something fully. There will be things that you're going to learn only when you do your research. You wouldn't always be welcomed with open arms whenever you ask people about crypto, you know, unless you're paying them.

Budget? Since when did you need money in order to learn about crypto. I don't remember having to pay in order to access bitcoin related websites. I don't remember paying someone so that Google will include bitcoin in my search results. I'd say it's just people and their poor excuses. You can learn things if you truly wanted to. The era of spoonfeeding information to people has already passed. Everyone has to do their part in order to learn.

Yes, you don't need money to start learning about crypto.
But you need money to start buying cryptocurrency and some of it are disappointed on that part.
At least if they have learned on their own and very much eager to get into crypto's, they'll do something to start buying their desired crypto.

ir.yance

full member

Activity: 354

Merit: 100

a factor that causes people not to join cryptocurrency because they don't understand crypto world, other than that the price in the cryptocurrency market is unstable so beginners are afraid of losing if they invest in bitcoin or altcoin.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Well, I believe that utility value is the only thing that will help Bitcoin and cryptocurrencies to grow in the future. We have many limitations in traditional free at the system and that's why the decentralized cryptocurrencies are getting popularity day by day. Bitcoin has a potential to serve the entire mankind but it will take some time to transform the current scenario. Mass awareness and utility value are the prime factors for building the strong base for the growth of it.

newb-dev

full member

Activity: 406

Merit: 100

Many people are not ready yet to invest in cryptocurrency because of the changing prices. Some believe that an unstable market is not worth having investments and investors

Tashi

full member

Activity: 391

Merit: 100

I guess the fluctuation that's making it risky for some people especially the ones that doesn't have enough money to risk. Also since we need access to internet in using cryptocurrencies, it's very vulnerable to security threats and etc.

infested999

hero member

Activity: 854

Merit: 500

Fear is the number one enemy when it comes to people investing in cryptocurrency. Many people are afraid of loosing. If you want to financially succeed in life you have to take some risks

denzkilim

full member

Activity: 1218

Merit: 105

Quote from: biletskiy on September 06, 2018, 08:33:49 AM

Quote from: Faraha_JJJ on September 04, 2018, 04:58:26 PM

Some people invest in Bitcoin with a hope of making quick money, that's not how it works. Crypto market is a growing market and less than 20 % of world population is aware and willing to invest in it. Over the period of time, the user base will grow so as the investment. Slow and gradual growth.

Although now, you cannot really make quick good money on the cryptocurrency, many people think that this is possible. Such guys can be disappointed in crypto soon. Thoughtful people study the market, and then enter it to work and earn.

Majority of the people nowadays really think that Bitcoin is created for investment but if you read Bitcoin's Whitepaper you won't see the word investment in it and that makes you think why the word "investment" isn't found on Bitcoin's Whitepaper, Why? because Bitcoin isn't created for investment and its sole purpose is to make payment transactions and monetary system much easier than the old ways. Majority of the people nowadays are fueled by greed and with a sole intention to earn a lot of profit rather than believing in the project's vision and realizing its purpose to the society. Today when people heard about Bitcoin the first thing that comes up to their mind is the word "investment" and this belief will surely be carried throughout the years that will come.
I'm not against investment, I just wanna point out the real and true purpose of this very awesome technology created by the legendary "Satoshi Nakamoto". Cool

kingai

newbie

Activity: 6

Merit: 0

I think one of the things that can keep people away from cryptocurrency is ignorance and inability to do proper research on something. Cos when I first heard of crypto I never stopped there rather I when further to do researches on what crypto is and how to get involved."always DYOR"

John.Verdon761232

copper member

Activity: 34

Merit: 10

ICOHOLDER SUPPORT

Of course, the constant uncertainty and instability of the bitcoin cost frightens many people. Therefore, investing and buying a bitcoin is far from suitable for everyone.

Impulseboy

jr. member

Activity: 196

Merit: 4

Quote from: SventraPapere on September 06, 2018, 08:57:56 AM

Many people, especially the older generation, have a negative experience of getting into financial pyramids.They are now to new things especially in the financial sphere are treated with great suspicion)))All this is even reinforced by the negative publicity and restrictions by the government.Also, most of the population from connecting to cryptocurrencies distances not the possession of a computer or the ability to use it correctly)Technology,though long ago entered our lives, but unfortunately not for everyone.People who understood computers didn't understand the concept of cryptography.This knowledge has no more than 10% populations.Then of course there will be more.Much has already been done for the connection of new resources.It takes time.And good advertising with training videos for cryptocurrency development and people's learning.

I think you are right. It is the lack of understanding of cryptography that drives people away from cryptocurrency. Also, you are right in saying that there are a lot of people, older generations most especially, that have bad experiences with pyramid scams before, that is why they stay away from bitcoin.

SventraPapere

full member

Activity: 410

Merit: 100

Many people, especially the older generation, have a negative experience of getting into financial pyramids.They are now to new things especially in the financial sphere are treated with great suspicion)))All this is even reinforced by the negative publicity and restrictions by the government.Also, most of the population from connecting to cryptocurrencies distances not the possession of a computer or the ability to use it correctly)Technology,though long ago entered our lives, but unfortunately not for everyone.People who understood computers didn't understand the concept of cryptography.This knowledge has no more than 10% populations.Then of course there will be more.Much has already been done for the connection of new resources.It takes time.And good advertising with training videos for cryptocurrency development and people's learning.

zabizana

jr. member

Activity: 31

Merit: 12

Price fluctuations have hit Bitcoin from the start. Human nature prevents, where people prefer to play on the market and get instant satisfaction.

Without mature knowledge, since the beginning of the existence of cryptocurrency, it is difficult to digest by the public.

MainIbem

hero member

Activity: 1316

Merit: 379

WOLFBET.COM - Exclusive VIP Rewards

Quote from: Impulseboy on August 28, 2018, 08:08:24 AM

I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?

People are looking at the backing of cryptocurrency. No government backing, no commodity backing, no security, individual creation. These are strong reasons people are afraid of cryptocurrency, even more than the volatility.

Ava Duvall

jr. member

Activity: 154

Merit: 1

Quote from: infonik on September 06, 2018, 04:37:26 AM

Fraudster and manipulation
I think these two are the worst phenomena in the market today because they are destroying the beliefs of those investors!

I have heard there has been a lot of manipulation and its become quite common. hopefully people know how to avoid it

biletskiy

full member

Activity: 434

Merit: 100

Quote from: Faraha_JJJ on September 04, 2018, 04:58:26 PM

Some people invest in Bitcoin with a hope of making quick money, that's not how it works. Crypto market is a growing market and less than 20 % of world population is aware and willing to invest in it. Over the period of time, the user base will grow so as the investment. Slow and gradual growth.

Although now, you cannot really make quick good money on the cryptocurrency, many people think that this is possible. Such guys can be disappointed in crypto soon. Thoughtful people study the market, and then enter it to work and earn.

infonik

newbie

Activity: 107

Merit: 0

Fraudster and manipulation
I think these two are the worst phenomena in the market today because they are destroying the beliefs of those investors!

Commitments

member

Activity: 532

Merit: 10

Getting much profit with cryptocurrency is why many people every day always joined bitcoin and crypto, you can imagine when you can take proift just few time maybe many people will do the same thing like you to be and participated at bitcoin.

Topic: What will keep people from getting into cryptocurrency? - page 11. (Read 3525 times)