Topic: What will keep people from getting into cryptocurrency? - page 14. (Read 3525 times)
Statistically speaking the biggest blocker for those who are interested in bitcoin is that there is a lack of investor protections currently I don't have a link but I beleive it was a coindesk article but I could be wrong.
What prevents people from entering cryptocurrency is a lack of knowledge and mentality to take risks that will be faced.
if viewed from the point of view of people not yet understanding what the crypto world is, I think it will be difficult to understand and will say this is a scam, therefore knowledge to be able to enter and mentally process it is held.
There are so many reasons for people to use bitcoin as for long-term or short-term investments because if you are a person who is happy with investing, bitcoin is an asset that is very suitable for you to buy and you can also use bitcoin for payment instruments that are very practical and do not bother you while traveling far.
if viewed from the point of view of people not yet understanding what the crypto world is, I think it will be difficult to understand and will say this is a scam, therefore knowledge to be able to enter and mentally process it is held.
There are so many reasons for people to use bitcoin as for long-term or short-term investments because if you are a person who is happy with investing, bitcoin is an asset that is very suitable for you to buy and you can also use bitcoin for payment instruments that are very practical and do not bother you while traveling far.
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?
The other reason is to convince them that this is the chance of buying bitcoin in a low price, and just hold it until the price came back or recovers just like in the past few years and when it does, we can buy the coins that we held and sell it in a higher amount. That is the game of bitcoin. If you quit, you're a loser. Patience is all we need to win. 
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?
It's probably too late to resist this, cryptocurrency is the only new vision in the world, though not all have introduced cryptocurrency, but I think soon everything will be solved, it's only a matter of time.
I think that big risks will prevent from investing in crypto but to my mind this is not necessary to explain because crypto and risks are connected. To my mind, it is better not to keep from getting into crypto
The technical hurdles of setting up a wallet and acquiring a balance is one of the more difficult challenges that need to be faced. I think there needs to be an extremely easy, one click solution that doesn't involved hugely long BTC identifiers. Something like ANS for bitcoin would be perfect, but it's still a ways away for sure. Lack of corporate adoption is another huge issue, but it should come around sooner or later.
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?
You know bitcoin already exist about nine years, when introduced in public, the price is nothing but when people already learn about the technology of bitcoin, people know, that this is future payment method, if already be payment method will always exist, And about 2011, bitcoin price is about $2, but when december 2017, the price more than $19,000. That so wow
Ignorant can make somebody who don't know about cryptocurrency find him or herself in a wrong place and with the wrong person,so for some one to be in that state will actually think cryptocurrency is a scam and what to get away from it.
There are quite a number of issues that might be driving people away from getting into crypto. However, nothing good comes easy. Every good thing has its bad side. Some of the bad aspect of crypto is its volatile nature. Again, the issue of being duped by scammers if you play careless. I don't think these issues pinpointed above should drive people away from getting into crypto. If you really want to get people into crypto, it is best to tell them those issues are normal with crypto but you will only make it if you are good at taking risk.
reasons I often find and make other people reluctant to use cryptocurrency, because they think crypto is a field that is easily passed by many bad people.
That reputation that bitcoin and cryptocurrencies in general is the creation of the media, the media for a long time has spread news that cryptocurrencies are only used by bad people and normal people do not want to associate their names and their money with something like that, but they had been deceived, I really think that this serves two purposes, one to slow the adoption of cryptocurrencies and second to allow those that are very rich to benefit from this market while the poor and the middle class don't.
The perception that cryptocurrency is only for the techies. That it’s a scam or a Ponzi Scheme. And the lack of recognition and protection from the government if they ever get victimized. Me thinks these people are just too lazy to adapt and embrace an innovation.
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?
if only people could realize how much profit they can easily get in an instant by trading altcoins to btc or eth..
i think cryptocurrency can have a mass adoption by widening the usage of cryptocurrency in the society.
Knowledge. They Lack in knowledge about bitcoin, that's why they don't trust it.
Also they are afraid to take risk because it is unpredictable. It is volatile.
Also they are afraid to take risk because it is unpredictable. It is volatile.
I agree with you. When you don't have knowledge about bitcoin it will be hard for you to trust it, especially to deal with the reality of risk in bitcoin, but when you really want to invest in bitcoin you should study it first all about crypto before invest your money.
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?
Well i think opposite people might think this the best chance to invest in something new and for a big profit. I know people might afraid to invest in here and i do think smart people will do invest in here, the proof is many big company start to enter cryptocurrency world even microsoft and NYSE. I think cryptocurrency will success in future, right now its only early stages like a young market stock. I agree. Ignorance or at least naivety is probably the biggest factor that puts most people off. Many people seem to think it's too geeky or beyond their reach because it seems too technical for them, but it's really not at all. It may seem like that especially with a lot of the technical language and big words people use (decentralized and blockchain etc), but it's quite simple to use if you don't scare yourself off with all the buzzwords or by trying to look 'under the hood' to see hot it works behind the scenes which isn't needed for the average user. I think a lot of people are very weary of 'get rich quick' scams and they unfortunately lump bitcoin into that because of how it's often sold to them by fanatics which doesn't help. If you encounter someone who's skeptical of bitcoin or believes all the negativity just explain it to them in laymans terms and why you think its great and let them make up their own mind. We can't convince everyone to get on board but at least we can try fix some of the misconceptions about it.
I think that it is also because people are already used to using fiat currency that they simply refuse to use and learn something new. Add that to the fact that for newbies, cryptocurrency is very hard to learn and understand. At least in my observation, this is what drives people away from joining the crypto world.
Knowledge. They Lack in knowledge about bitcoin, that's why they don't trust it.
Also they are afraid to take risk because it is unpredictable. It is volatile.
Also they are afraid to take risk because it is unpredictable. It is volatile.
the media is manipulating people in any way they want because so many people don`t have an idea about btc and don`t do research about it so whenever someone says something good or bad they tend to believe and this will keep the uncertainity high and don`t let people adopt easily.
I think the reason that will keep people from getting into cryptocurrency is the risky and the volatile of the price in the market. Some people are afraid to invest because they are afraid to take the risk and they are afraid that they will might not earn big. But if they tried it they will see the result on there own.
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.
I think the increasing image of scam about crypto is what will prevent may people from investing into the market. If people are too scared to lose their funds obviously, many will not venture investing into the market.
Jump to: