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Topic: Why are people afraid to invest in cryptocurrency? - page 22. (Read 2163 times)

hero member
Activity: 882
Merit: 500
Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability, cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature, people fail to understand the fact behind cryptocurrency investment, most times the people trying to invest may not have a maximum knowledge of cryptocurrency.
The main factor behind the fear of investment in the cryptocurrency is Lack of understanding , most of the people are getting in the field of the cryptocurrency without understanding and without knowing that what the actual thing is and how it works and what types of ways that will give us Result into loss , they only see towards the positive side that what the another millionaire made but they are not seeing that what are Negative factor .
And second factor that is the reason of the fear in the newbie is ( including me ) that legalisation and regulations of the bitcoin , which is still in pending in many countries ( including the country where I am living ) , so such types of the factors Result into lots of fear in the mind of the investors .
So if these things if we can clear to the newbies and few fearful investors then we can make them fearless from the Investment of the cryptocurrency .
member
Activity: 420
Merit: 18
the main reason people afraid to invest in cryptocurrency is they feel somewhat insecure and lack of confidence due to reason they keep reading the hacking news on exchanger and government regulation
sr. member
Activity: 490
Merit: 258
Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability, cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature, people fail to understand the fact behind cryptocurrency investment, most times the people trying to invest may not have a maximum knowledge of cryptocurrency.
They are scared because they don't understand. Conventional people are smart enough to not invest into something that they don't know, but also dumb enough for not attempting to learn it.
hero member
Activity: 1106
Merit: 503
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First of all its a highly volatile market and riskier than any trading combinations in the world. Also the price of the coin may reach zero in no time without any real issue about it and the same can happen while pump.
newbie
Activity: 36
Merit: 0
My opinion is that people are afraid because first of all it is a high risk investment because of the volatility of the market. Besides that there are some thresholds like:
- The high level of tech which is hard to comprehend for some people.
- The trouble it costs to invest in crypto/the low liquidity. Create your own wallet, buying at exchanges or websites, send through to other exchanges etc. etc.
- Crypto doesn't feel safe enough yet. This might also be because of the lack of knowledge or well known addressess offering these investments yet.

Just my 2 cents...
member
Activity: 243
Merit: 10
I think why people afraid in investing in crypto its because they have an experience before that he/she invest but he/she didn't get a profits in their investment.we all know that cryptocurrency is a risky for investment but to be honest I'm also afraid for some currency that have to invest to gain profit soon.many crypto site is not paying so that's why I think that they afraid again to invest.
member
Activity: 392
Merit: 10
Today, as a rule, almost every digital international transaction involves the use of one or another form of virtual currency or credit. Thus, bitcoin is designed to provide security guarantees and credit convenience, while reducing transaction processing times and commission payments. Soon, people will trust btc more
hero member
Activity: 1008
Merit: 501
Not every crypto investment will get the result as expected. And the price fluctuation makes people think twice before risking their money. And one more thing, the lack of approvement from the government take a big role too.
and not always the risk will always occur. of course the advantage is very likely to be obtained by bitcoin investors. so why are they afraid? you can hone your skills and knowledge about bitcoin. and the risk of loss will be even smaller. why do not you take that into account?
member
Activity: 339
Merit: 10
People are afraid to invest in cryptocurrencies because they are generally afraid to invest. They want guarantees, but there can not be any guarantees in this matter. You need to look for opportunities and not guarantees.
legendary
Activity: 3276
Merit: 1128
People afraid of investing in cryptocurrency because it is not regulated by government. Anytime their hard earned money invested here will soon disappear without any prior notice.
That is also right. Besides, people are afraid to invest in crypto because of the risk associated to it. So many people loose their money because of their own fault but the reason of loss is often interpreted wrong and the blame is on the technology then.

Also some people may fine investment in crypto not that much profitable than investing in property. The governments in some countries have banned Bitcoin and people also fear the penalty of committing something that is illegal.
full member
Activity: 392
Merit: 100
Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability, cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature, people fail to understand the fact behind cryptocurrency investment, most times the people trying to invest may not have a maximum knowledge of cryptocurrency.
        As I observed those people who are afraid to invest in cryptocurrencies  they are afraid because they don't have any knowledge about cryptocurrencies.   where it's somehow true  that it is scary to invest in something you don't have that any knowledge about
jr. member
Activity: 475
Merit: 1
Much as lost in crypto currecy and many people who also earns and loses so much fear of other people especially when they hear big ones Investors are bigger than theirs and I'm sure they'll be in the process to earn more then you lose a lot of money.
member
Activity: 322
Merit: 10
They are afraid because they dont know more things about  crypto and also they are afraid of losing money.Also they heared fake news about crypto but if they know everything about crypto they will never afraid to invest even if its risky because of its value is volatile.
full member
Activity: 420
Merit: 102
They afraid because of lossing money, they know volatility of crypto too high and they does not have skill and knowledge how to reduce it. So they chooced other option to make invest their money in more safe place like in a a bank. They think make invest in crypto is too risky and just like gambling.
newbie
Activity: 143
Merit: 0
Because in mainstream media BTCitcoin's name crypto in general rather is ruined because of million dollar scams.
jr. member
Activity: 350
Merit: 2
Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability, cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature, people fail to understand the fact behind cryptocurrency investment, most times the people trying to invest may not have a maximum knowledge of cryptocurrency.

they are afraid to invest because they think that they may fall immediately or they may not be able to help them or maybe they think that they may not grow so many people think about it because they have a very good sense that they are afraid
full member
Activity: 392
Merit: 100
the main reason why some people are afraid to invest in crypto currency because of the risk, they do not dare to take risks and not ready if the loss, they should be able to learn with small amount first
member
Activity: 392
Merit: 11
Not all, usually some investors afraid about regulation in their country. Cryptocurrencies still have a big problem in the world, they need a regulations and some countries have a strict regulations, big countries such as US and china do that.
Bitcoin prices are still in the downtrend. When prices drop sharply and then rise again is a trap on the bottom of the greed of investors. Concerned, virtual currency over time attracted quite a lack of knowledge of the financial markets involved, but this market really did not give them when the risk, even the fraud at a very high level.
sr. member
Activity: 643
Merit: 264
Cryptocurrency is risky and when its about investments, people don't want to risk. People dont even want to know what it is.
full member
Activity: 364
Merit: 100
many people are afraid to invest in crypto currency because they do not know how to get a profit safely because if they know about the profit they can get then they will soon buy and invest in the crypto currency
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