What will keep people from getting into cryptocurrency? - page 5.

KingOfWinterfell01

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Quote from: Impulseboy on August 28, 2018, 09:08:24 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?

Well, the unpredictability itself is enough reason for people to stay away from bitcoins. Aside from that, the price volatility of bitcoins in the market is just too much to handle even veteran investors are going nuts over these kind of movement. Optional reason but not really affects the entirety is that the price is expensive per bitcoin.

annango

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Quote from: Gotumoot on August 28, 2018, 11:24:14 AM

Quote from: tiurminator on August 28, 2018, 11:14:19 AM

Knowledge and infrastructures. Scientist have teach monkeys the concept of money on their experiment and it's succeed. Now, try to tell a scientist about the concept of cryptocurrency, it will not easy. It will be harder when you try to the peoples in the under development country where internet or even electricity is a luxury.

Because of the thoughts that they might get scammed when they invest on bitcoin. People easily judged something because of bad things about that thing. They only value what is the bad news but dont searching for reliable source. For them to understand and to know what bitcoin capable to do, they must study it first, because studying it will help you to understand and it will help you to succeed on bitcoin.

As I think there are many reason why people get away bitcoin. First up, those people who don’t have much knowledge about bitcoin, will have a doubt on the big benefit that bitcoin gives. Next, some people just keep an eye on bad rumour, they just consider it as a scam. With some, he is definitely afraid of failure. Well you know, if one does not have patience, he will give up quickly and get out the market soon. Because probably he has a large fear of loss. In a nutshell, “no pain, no gain” , bitcoin truly provides us a convenient as well as a big chance to earn, we’d better to try a lot if we wanna get a large fruits.

iMark

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Quote from: ?? on ??

Crypto is easy way how many people could increase much money without have waiting long time period, just few time they can earn much profit by cryptocurrency. but some of them was wrong by choosing which one best potential altcoin for holding.

That reasons brings a lot of people to join and put their money to grow in this crypto investment, they will get a big profit possibility,
but of course they must know the risk they will get is also quite large, so they must understand it before joining

maydna

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people getting into cryptocurrency because they amaze with the news about cryptocurrency especially for what they see in the last year. they see that bitcoin can increase too high and they wonder and curious how it could happen. and right now, they still stay in the cryptocurrency because they want to see the crypto to come back like the last year so they can be like other people who can make a big profit. they know that this is not going to happen in one night and they know that they need to be patient for a while and they can wait until the price can increase.

KAPOORSHAH

newbie

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The major fear and discouragement will be lack of knowledge and awareness of the opportunities that lay around trading cryptocurrency,

Incorporating it into our daily use for our economy.

I feel that government should teach cryptocurrency in schools because cryptocurrency can turn out to become the future money

And it could boost the economy of any nation that adopt its use.

This is the 21st century for crying out loud,

There are a lot of things that can come up and shouldn't be neglect.

kucritt

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there are many factor, the big factor is they still believe in bitcoin and believe that the price of bitcoin will increase more and more in the future and they still have the plan and the prediciton about it

BlockchainGod

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I think learning blockchain will help many people to realize the prospects and usefulness of bitcoin and they will start using it. We need to train people in cryptocurrency and blockchain.

thinkright

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The point is most people are relactant when it comes to technological change. This is widely observed in developing countries where most people aren't technology inclined. Secondly, the risk associated with crypto is also a factor preventing people adopting to this revolutionary technology.

ephelants360

newbie

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hey guys, there is a piece of news, we can discuss further.
If we consider big banks as institutions in the USA,
and they support or even encourage trading with crypto currencies,
can we infer it is a first step in the legalization?
Have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients

Bessta

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Bitcoin Accesing process is one of the reasons, lets face it there are still a lot of people who are not 100% literate in advance technology that cryptocurrency is offering. Another reason is that negative things surrounds bitcoin and cryptos as a whole and they tend to believe on the scams, controversies etc rather than make researches to learn about digital currencies and lastly they are not risk takers and brave to get into or invest on cryptocurrencies.

Ale88

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Quote from: Impulseboy on August 28, 2018, 09:08:24 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?

Probably of of the main reasons is the fact that it's not that easy to have access to bitcoin right now, I mean, you have to register to an exchange, send the documents, wait to be approved, then transfer the money, move the BTC to a wallet, save the PK... Many people don't know how to do all this stuff.

vainnew

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I think what will keep people from getting into cryptocurrency is knowledge and less understanding of bitcoin. Why? because of the thoughts that they might get scammed when they investing in bitcoin. However people easily judged something because only hearing bad things about bitcoin without knowing the truth about bitcoin and don't searching for reliable source. Therefore to keep people from getting into crptocurrency they need to understand, know and learn bitcoin first.

gaston castano

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The main reason people will switch to using Bitcoin is the ease they receive when making transactions using Bitcoin and of course the technology that supports Bitcoin is certainly very influential on the technological progress that is happening in this world because it cannot be denied that the technology in Crypto clearly proves that Crypto is a step further far from other systems and in Bitcoin we can all make investments or savings tools for the long term.

Cissnei

newbie

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There are many crises in the crypto market and fraudulent schemes that many people don't believe in changing the market. This means that the cryptocurrency market loses a fair share of participants.

Cofee.BLUE

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Quote from: pat4cryptoreal on September 13, 2018, 10:20:33 AM

Fear of unknown and fear of loosing is the major factor that stop majority from getting cryptocurrency. With the rate of volatility of cryptocurrency it takes courageous person to buy cryptocurrency.

It is probably because of the current market situation, but it is the common market situation even thought it is not cryptocurrency. People do not believe that bitcoin will going to rise again because most of them are newbies and also do not have the experience or somewhat they are the panic sellers. People firstly need to understand what really bitcoin is, so that they will be driven into it.

marlonbatotoy

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Well i think why they are keeping into crypto is because of the profit they earn last time that the bitcoin go up to 19k i think even the bitcoin is now on a big drop.. The trust of investor is still.. Because no one knows if bitcoin go back to that high price.. Well even if you lose some money for that bitcoin down price.. You are not going to leave crypto that easily..

Zoestewart

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I think that at the moment there are so many ICO projects and new coin projects that have a way to help their bosses make a lot of money from making ICO and coin projects. Others have become scam projects, not able to grow high. But the supply may be due to the unstable cryptocurrency market for a long time, so not many investors dare invest here.

sinkfish

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financial and technology literacy. morethey understand how finance works and what crypto can solve most of the problem, lead by large organisation to push the masses to adopt. i think more people will getting into crypto. the rest of the people will follow the trend. same like how smartphone replacing many things of yesterday.

CoinsGazer

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1. The government's regulatory mechanism
2. Negative news in the market
3. More and more ICO is proved to be scams

aileenc

newbie

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They might get scammed when they invest on bitcoin. They value what is the bad news but don't search for reliable source.

Topic: What will keep people from getting into cryptocurrency? - page 5. (Read 3457 times)