Topic: What will keep people from getting into cryptocurrency? - page 4. (Read 3457 times)

it is true that there is currently no clear law about crypto trading, so everyone is afraid to invest. then some countries also banned the trading of crypto, and fraud was rampant. joining a cryptocurrency must have high experience.

The status of Bitcoin which is not yet a legal thing is the main reason why many people feel that they are not sure yet to be in the crypto world. This is undeniable because everyone certainly wants a certainty. If the government makes a regulation about the legality of Bitcoin, this will increase public confidence in Bitcoin significantly.

By bringing profits to them maybe it will make them want to keep using Bitcoin as long as possible. If people benefit for sure they will remain in their original place.

When people participate in bitcoin often just to make money when the level of fluctuations up or down, the technology behind bitcoin is blockchain. When people understand how technology is applied, people will appreciate bitcoin and use it.

Maybe the instability of cryptocurrency is making people staying away from crypto. When crypto will be more secure than for sure more people will invest in it.

The risk that people can't predict when entering the crypto market. Perhaps the volatility of the market makes many investors worried about the future of Bitcoin, Altcoin.

that's right. Everyone can not be rich and cryptocurrency is not a panacea. Some get richer, others lose. You just need to carefully choose the objects for investment

I think Confident..?
Every investment facing risk-return tradeoff, people looking for high return on cryptocurrency market
If you believe in it or believe yourself, then stay

People easily judge bad things when they don't understand that thing. For them to understand, to know what bitcoin is capable to do, they must study first. Then the next step is if they want to make an investment in bitcoin.

cryptocurrency provides exactly what federal government function can't provide. This acts since the additional type of earnings. This enables to satisfy differing people through various the main globe.

well, I also think that many people have benefited from this, so exploring cryptocurrency will be very interesting for those who have followed the development of crypto since the year of its birth.

We at bitssa.com believe that it is only the fear of the unknown that will keep people from getting into cryptocurrency. It is true that the majority has no idea what Cryptocurrency is all about, how does it work and what could be the possible advantages of investing in a cryptocurrency. And certainly, for any layman, such questions must be raising a lot of doubts in his or her mind for venturing into the world of cryptocurrencies. Humans have always believed in conventional wisdom since times immemorial. They have always opted for tried and tested methods but whenever the question of trying anything new and revolutionary arose humans have always trodden cautiously. It is only about time that people will realize the importance of investing in a highly advanced, sophisticated and secured value storing currency like cryptocurrency. We can say that it is only a lack of education that can be held responsible for people's ignorance and fear of cryptocurrencies. As far as unpredictability is concerned, who knows what the future hold for us. We may live for 10 thousand years on this planet or there could an apocalypse tomorrow. Same can be said about cryptocurrencies. All those investors who have reaped huge returns on their investments in cryptocurrencies must be wary of all the pitfalls of investing in it. The best advice is to do a thorough research before getting into cryptocurrencies. Instead of asking a question like what will keep people from getting into cryptocurrency? ask what is it that keeps people interested in cryptocurrency. Honestly, the answers are many to this question:

a) Cryptocurrencies facilitate Quicker, cheaper, and secure bank transfers

The way we or even transfers money is so obsolete. Some bank transfers even take a couple of days to complete the transaction, with correspondent banks and nation-specific clearing intermediaries involved on both sides. However, by using digital currency, bank transfers could be completed in no time as they are cheaper, safer, and quicker when compared to the conventional transactions.

b) An encouragement to global remittances

Utilizing digital currency, even private users can transfer money directly whoever they want through smartphones, of course, with the only rest fee being those taken by the exchange platforms. While conventional money transfer companies had to have carry principal just in case of any delay in international money transactions, capital requirements are very much necessary for companies who use digital currencies.

However, minimizing the fee may make it simpler for small players to take steps in the remittance picture or for current players to make transactions possible in even small towns and extremely remote countries.

c) Safe money for the poor

Digital currencies can become a safe and secure way of payment especially in nations where the majority of the citizens do not hold bank accounts. While utilizing Bitcoin as another currency in such nations would expose people in the country to a particular amount of risk, but still, it would be a better one when compared to the current options especially in high-inflation countries. For instance, it is safer than stashing hard cash at home or purchasing precious jewelry.

c) Discovering the potential of e-commerce

Since virtual currencies allow customers to transfer funds just like an email or a message, online shopping soon turns into a much smoother and more straightforward process. Digital currencies can also let SMBs in developing nations to more interact on a global level in e-commerce.

in my opinion the basic reason people don't enter crypto is because of their lack of knowledge about the crypto currency, while people who don't enter crypto anymore because they are in the crypto world are only for leisure activities, so they only take advantage for a moment

Bitcoin is an opportunity to become rich in just a short period of time, that's why people are now encourage to get involve in crypto even if they don't really understand and the most cases they just get scammed and/or lose their investment but for the others who are eager to know and invest on cryptocurrencies they just bought and hold it just like they want it for savings.

Bitcoin is most profitable investment from other investment. Although bitcoin started on 2009 so many people are join this big community and so many people are coming. I think two matter are work behind this one price and other curiosity.

 What will keep people from getting into cryptocurrency?  The time they need to spend on waiting to return their money from investment and then time to make some money. They expect a big buck in a second. They expect they invest now, they will double it in a month, triple it in a couple of months. It doesn't work that way. A market needs time to restart and it will take some time. Maybe until 2020. who knows....but it will be better, wi just need to wait a couple of years...

what prevents us when we want to enter cryptocurrency is the government, because the average government does not like bitcoin or cryptocurrency.

therefore it is better for beginners who want to join investing in crypto better understand first the risks that will be obtained, because the risk in the investment must exist even though the results that will be obtained are huge profits

People are attracted to crypto because they see it as potential. The blockchain itself offers us such a revolution that many people see a favorable future. Despite the fall of Bitcoin since December 2017, people will still believe in blockchain. We need to give it time to be successful in our economy and we pioneers will win. The times are tough right now but we have to hold on and be patient.

Of course people are keeping into crypto because they know and believed that it will be the reason to reach their dreams.  They believe that through patience and just holding their coins will lead into something that is more profitable than other investment. Even they take risk in staying calm in the investment they have,  if its the one thing to do to become successful then people will keep on getting into it.