Topic: What will keep people from getting into cryptocurrency? - page 8. (Read 3512 times)
Ignorance keeps people from getting into cryptocurrency. It is not a very popular market so many of them don't have enough courage to get into it.
I am attracted to the fact that bitcoin is not just a new currency, it is the currency of the future. It opens up a whole new frontier for us. And bitcoin gives a unique opportunity to have additional income.
Basically the market price movement on how much bitcoin fall down on its market price or the speculations of other members here to compare between your speculations are as the same with them. Aside from that the common thing why we always get on cryptocurrency is to earn. No one will go here if they are not expecting something like earnings or profit.
1. lack of knowledge of some people about crypto currencies
2. many negative issues about crypto currencies
3. Price fluctuations that are too high and too fast so that the risk that can be experienced is very large.
2. many negative issues about crypto currencies
3. Price fluctuations that are too high and too fast so that the risk that can be experienced is very large.
We agree with BABARIAN commenting on a 2nd key issue: PRICE FLUCTUATIONS
In our startup, we are developing mechanisms for token economics to remain stable
This is a trending topic as u can see on the crypto news since April 2018 approx.
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 main reason when someone decides to use Bitcoin is that Bitcoin has many advantages. Speed, security and flexibility are the main reasons for choosing Bitcoin. In the future Bitcoin will be used as a whole and I am sure that more people will use Bitcoin to cover financial transactions digitally.
I came here hoping to make quick money ... But, as it turned out, it was not enough just to invest for this. Doctrine, work on yourself, that's what gives money, in any sphere)
Some people are afraid of crypto currency because the market is too new. and everytime they hear someone talking about bitcoin dropping 10% in a day they will doubt the crypto market even more.
The majority of people out there do not really think bitcoin is a good investment just yet.
The majority of people out there do not really think bitcoin is a good investment just yet.
There lies much truth in your reply dankboner83.
Most of the times, people tend to shy away from anything new in nature. Like a new car company, no matter how competitive the new line of cars that is at offer, people will usually choose a car manufacturer that has been existent for decades.
And the same applies to cryptocurrency, with the economy existing for nearly a decade only and less than 5 years when it comes to popularity and general interest. This concept is actually a limiting factor for many which holds them back from engaging with bitcoin in any manner.
They don't understand about cryptocurrency, and think that cryptocurrency is a fraud that can make them suffer huge losses, so they don't want to invest in cryptocurrency.
Exactly, most people doesn't want to be involve in crypto because of many reasons. Afraid to get scam and afraid to lose money. Indeed these reasons keep them from having into crypto if they learn all about from crypto people will not afraid to invest. 
They don't understand about cryptocurrency, and think that cryptocurrency is a fraud that can make them suffer huge losses, so they don't want to invest in cryptocurrency.
1. lack of knowledge of some people about crypto currencies
2. many negative issues about crypto currencies
3. Price fluctuations that are too high and too fast so that the risk that can be experienced is very large.
We agree with BABARIAN commenting on 1 key issue.2. many negative issues about crypto currencies
3. Price fluctuations that are too high and too fast so that the risk that can be experienced is very large.
cryptocurrencies is becoming a sort of science, that it is beginning to be studied on top universities.
FYI
https://i0.wp.com/theoofy.com/wp-content/uploads/2018/09/Cryptocurrency-Is-The-New-Hot-Topic-At-Universities-Blockchain-Courses-Are-On-The-Rise.jpg?resize=696%2C357&ssl=1
Consider those people from the 3rd world country where some part of it has really problems in electricity, telecommunications, and could not access the internet. How can they use cryptocurrency then if these people don't have even electricity in the first place?
1. lack of knowledge of some people about crypto currencies
2. many negative issues about crypto currencies
3. Price fluctuations that are too high and too fast so that the risk that can be experienced is very large.
2. many negative issues about crypto currencies
3. Price fluctuations that are too high and too fast so that the risk that can be experienced is very large.
I believe the most important factors here are 2 uncertainties, i.e. (1) uncertainty about BTC's future and (2) uncertainty about what BTC is (a bubble, a Ponzi scheme, or the most reliable currency on earth 
).
As soon as people get over those uncertainties, the situation around Bitcoin will definitely change.
).As soon as people get over those uncertainties, the situation around Bitcoin will definitely change.
There are many things that can attract people from getting into crypto currency they are; crypto currency gives wha government work can not give. It serves as extra form of income. It allows to meet different people from different part of the world.
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.
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?
Because bitcoin has given us many opportunities.
1. give us extra source of income (part time/full time)
2. can be use in buying merchant in some online shop
3. can earn from free faucets
people are easily lured not to get into bitcoin because they dont really have adequate knowledge about what bitcoin is. Also, they are not ready to take the pain to really read about cryptocurrency to gain much insight and all they do is to listen to what people tell them which are not true.
Negative news about cryptocurrency makes people hesitant to invest, a bad impression about crypto really prevents people from being involved in crypto. lack of knowledge makes people reluctant to get involved, even though it doesn't suit what is imagined.
maybe because of the high risk when sales are lower than the purchase price that will make people afraid to invest in cryptocurrency and the many bad news about using cryptocurrency so many parties reject it
It's a high risk but high return tool. Kind of a good investment if one can take risk.
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