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Topic: What will keep people from getting into cryptocurrency? - page 17. (Read 3514 times)

newbie
Activity: 27
Merit: 0
The only thing i see keeping people from getting into cryptocurrency is fear of the unknown, plus the negativity that people spread.
Yes, the fear of the unknown usually stems from the lack of regulations. People are not sure if the government will wake up the very  next morning after their investments to declare it illegal
jr. member
Activity: 55
Merit: 1
People don't like to take risks with their savings. For some, if it isn't old then its not trustworthy. Some people don't like technology at all, so they won't even use activate mobile/internet banking, forget about investing in crypto and ultimately the volatility and unpredictability are the biggest reasons people don't get into crypto easily.
newbie
Activity: 27
Merit: 0
For me, I think the most important factor that is preventing  people  from investing in cryptocurrencies is the lack of government regulations.this exposes cryptocurrencies to a lot of negative media propaganda
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
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?
Some people do not really like to take risks and something like bitcoin is not really for them, and I understand them but at the same time they are missing in what it could be the greatest opportunity of their lifetime, this is similar to miss the dot com bubble except that it is way worse since it is very likely that bitcoin and cryptocurrencies are going to be way bigger than that.
When you need to make money, you need to make risk. Without taking any risk it is impossible to profit big through the same. Some easily get to know about the negative things that took place using bitcoin. There were several factors, and one who analyze himself and get into it will easily overcome the risk with bitcoin and succeeds.
sr. member
Activity: 840
Merit: 254
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?
Some people do not really like to take risks and something like bitcoin is not really for them, and I understand them but at the same time they are missing in what it could be the greatest opportunity of their lifetime, this is similar to miss the dot com bubble except that it is way worse since it is very likely that bitcoin and cryptocurrencies are going to be way bigger than that.
jr. member
Activity: 378
Merit: 3
The only thing i see keeping people from getting into cryptocurrency is fear of the unknown, plus the negativity that people spread.
sr. member
Activity: 616
Merit: 263
I think the most deterministic factor keeping people away from entering crypto is the mentality and fear that its a scam combined with the belief that its just a passing trend.
full member
Activity: 644
Merit: 100
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 seems to me that the reasons why people keep on using bitcoin was you can earn on your own, All of us can be bitcoinist if we want to, even if you are a house wife, husband, students or any age who had you are welcome to earn crypto. People are also excited in what the maxinum price could bitcoin possible reach. Some people are also wants to find and seek on the history, how,when and why is the bitcoin create.
full member
Activity: 756
Merit: 112
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 bitcoin would be easy for them to understand then it will not be a problem. I think the reason if people or even someone ever stick to a technology or a thing is if they know how it works and the idea behind it.

A not ordinary salesman knows that people buy the idea, not the product.
sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
Well, you are certainly right about the predictability being one of the main reasons. Another may be that if it isn't being used by the mainstream public, like celebrities, entertainment, media, etc, people won't tend to care much for it. It wouldn't be until national attention is brought to it, that it will ever be freely accepted.
    Then again, there are those who are technically illiterate, who may never hope to use such sophisticated technology, at least until a "User Friendly" version becomes the standard. Though it may seem simple enough to understand crypto by the members within this community, luddites on the other hand, will always stray away from innovation. There will always be People who simple may not trust the technology.
newbie
Activity: 93
Merit: 0
The thought of being scammed and the risk are the factors that keeping some people getting involved into cryptocurrency. It is risky for them since the market is highly volatile which could result to a loss. Also, ICO's are a bit scary because a lot of them are scams.
newbie
Activity: 15
Merit: 0
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 it is on the future value and as an investment since the value based on the historical event is increasing; thus this is favorable as a future investment.

However, because bitcoin has been used in illegal transactions, its goal has not been properly extinguished and therefore, it is not really the best way on our society.
sr. member
Activity: 485
Merit: 250
I think that people are also hampered by the use of bad credit news and negative reviews of those people who lost money due to their illiteracy.
newbie
Activity: 102
Merit: 0
I think it is knowledge about cryptocurrency. Also, keep in mind bitcoin still mostly used of people who are familiar with computer science. When bitcoin logo will appear everywhere, together with Visa and MasterCard logo it will change.
jr. member
Activity: 252
Merit: 3
the crypto currency was built for digital purposes and mainly for transactions the sooner people understands that it will bring them into crypto, they feel cryptocurrency is no investment to bitcoin,i think once the awareness goes viral they would come to understand the benefit of using crypto.
hero member
Activity: 798
Merit: 500
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 reasons why a lot of people are keep using bitcoin and other crypto it simply because even if it's difficult to predict it can really serves or gives a huge of benefits and opportunities to people and because of it's high volatility it can also make people a easiest and fastest way to reaches their goals and dreams in life and become a one of the successful people in the future.
newbie
Activity: 68
Merit: 0
For people to keep investing in cryptocurrency, the market need to be made attractive for them. Also there should be real life usage of cryptos.
newbie
Activity: 281
Merit: 0
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?

   For me it is just to earn money and to have investment online through digital currency. People juat being wise in grabbing the opportunity to earn while it there is still a time. And if you engage i  bitcoin and other cryptocurrency you are just not earning financially but also gaining knowledge about differents aspect of digital currency.
jr. member
Activity: 81
Merit: 1
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 there are many factors one must consider when they want to enter the crypto market, the risk of price fluctuations being an attraction that must also be considered. That is why people must study first before entering the market.
sr. member
Activity: 1624
Merit: 267
Keeping bitcoin have good result because once the price pump you can gain more profit. Other people not believing to cryptocurrency because they are  scared to lost their money more. But better if everyone wil hold or keep their coins to earn again.
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