Topic: What will keep people from getting into cryptocurrency? - page 12. (Read 3525 times)
I think people's biggest fear is losing money, they don't want to feel losses and some of them panic when they see the market is red. most of them have not understood well the cryptocurrency cycle, with all the selfishness of those who just want to make a profit.
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?
There are a lot of factors that affects the usage of the people of bitcoin and the following are what I see: First, the negative rumors and opinions of other people such as it is definitely just a scam. Second, the unpredictable and unstable price from the market. Lastly, the unauthorize or the unfavorable decision of the government concerning the usage of bitcoin or other cryptocurrency.
For such ordinary people as we are, of course, at the first place is earnings on the cryptocurrency, and so, many people use cryptocurrency technologies for their development or creating some incredible opportunities that were previously inaccessible. The possibilities of cryptocurrency are unlimited, it's like diamonds with which you can work forever and find something new.
Many factors will keep people from investing in cryptocurrencies. Some of which include government interference, volatility and scams. Worst of all is the scams, these alone will make governments want to tighten their hold on the idea that cryptocurrency investments are risky. Most people however consider cryptocurrencies a myth of some sort because it feels like money that doesn't exist at all, if you haven't the knowledge. Education too is needed because only a few people know what cryptocurrencies are and how to use them, this make education a barrier to some getting into cryptocurrencies.
I have not yet learn more that much about cryptocurrency. As of now, i have lack of experience about cryptocurrency, and i would enjoy joining several campaigns in order to know and make my experience grow so that in the future if i have a chance to invest or manage also my project, if ever i am the bounty manager, i want it all to experience.
There are many factors contributing to the choice some people take to stay away from crypto. The most important one is fear of losing all the money they invested.
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?
I am sure the lack of information definitely effects the situation. Some people get some knowledge about crypto, and they sell everything if the price goes down and quit))
Lack of knowledge on cryptocurrencies is one of the reasons why people is not getting into cryptocurrency. This lack of knowledge will make some people believe easily in any negative news against cryptocurrencies. Proper education is also needed before someone invest in cryptocurrencies so they will be prepared to face any eventuality like sudden drop of prices in the crypto market.
I guess some people just don't want to trust new technology until it got proven by time.
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?
I think the biggest factor that can keep people away from venturing and totally embracing cryptocurrencies is their fear that the market is just too harsh and difficult to deal with due to the many negative factors surrounding it. By all means, I say that that is true; however, one must know that the cryptocurrency market is a high-risk-high-reward market, and you can't really get something in return if you won't embrace such risks that come with it. Another reason that I see is the negative news that people put on it, it really gives crytocurrencies a bad name and that gives such a negative image that people see it as something bad that they want to avoid it instead of a game changer in the business sector that they can really help change how the digital currencies are viewed.
people who get little information and knowledge about bitcoin and crypto currencies will quickly be disappointed when they see the market drop a little experience they will quickly disappoint as many think quickly and neither do not invest money and immediately become millionaires
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?
we all agree that the most classic reason is the advantage we can get from bitcoin or cryptocurrency. this is a fact, everyone involved in this industry, to get the biggest profit. but besides that cryptocurrency offers more modern technology and there are many more benefits.
as for the reason you mentioned, things like volatility, unpredictability,... will only drive people away from investing in bitcoin.
Beyond all that which I bolded in your comment, I think the issue of FUD and lack of regulation are major banes to bitcoin investment. After all, we also have volatility and unpredictability in the Forex market but the FX market is highly regulated and that has come to affirm investors confidence. 
There are a lot of things that will keep people from getting into cryptocurrency. First, they don't want to take the risk. some people want sure money. second, False information. many people believed that Bitcoin is a scam and Networking. all of Us didn't want to get scammed. We all know that there are a lot of people that were against in cryptocurrency and we're sure that they will tell the world that Bitcoin is just a Big Scam.
In some countries electronic money is banned and Developing countries do not know about electronic money
we need which attract more and more people towards it to use it
we need which attract more and more people towards it to use it
I think now, try telling a scientist about the concept of cryptocurrency, it won't be easy. It will be more difficult when you try for people in developing countries where the internet or even electricity is a luxury.
Knowledge and infrastructure. Scientists have taught monkeys the concept of money in their experiments and that works.
scams and illegal occurence will surely drive people from accepting bitcoin everywhere
Most people are unsure about the future of cryptocurrency, I am talking about the general people or people with orthodox mindset. Also, newcomers are currently thinking more than twice before getting them indulged with cryptocurrency because governments are putting restrictions and also the usability feature is lacking, investors find it more convenient and safe to invest in stock markets rather than cryptos, lack of support is one of the cause.
A support from the government followed by the coverage of news media and few big companies adopting it as a payment option or at least giving a support statement can possibly not only keep people getting into cryptocurrency but also will increase the volume of use.
A support from the government followed by the coverage of news media and few big companies adopting it as a payment option or at least giving a support statement can possibly not only keep people getting into cryptocurrency but also will increase the volume of use.
The surrounding news is possibly one of the biggest factors that might drive people away from looking into its benefits. Once someone reads something negative about crypto, this can strongly affect one's perception in an instant. Of course, there's also the fear of volatility, safety, and the longevity of it. Stepping outside of your comfort zone is not exactly a walk in the park. I guess it's hard to compete with something that's been around for who knows how long.
Getting to know crypto can be quite a task but I do hope that it draws more interest now that more are beginning to embrace the technology, especially major companies around the globe.
Getting to know crypto can be quite a task but I do hope that it draws more interest now that more are beginning to embrace the technology, especially major companies around the globe.
For me it's much the same as cash and it's likewise go about as speculation so it's diverse with other money that I've at any point known. At the point when the vast majority choose to keep utilize bitcoin in light of the fact that they have completely comprehend that cryptographic money was being work for advanced time particularly for exchange reason.
The major thing that drives people away from cryptography is simply that negative publicity around crypto and the fact that it is unpredictable and difficult to plan for. People want stuffs that are straight forward
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