Why are people afraid to invest in cryptocurrency? - page 24.

FUD Expert

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Quote from: knight20 on June 18, 2018, 02:03:04 AM

Quote from: Missterio on June 18, 2018, 01:08:18 AM

I think that many simply do not understand this and on this they are afraid. Because it is a complex technological thing requiring experience. Many people simply do not know how to use a computer, not to mention such a complicated world as crypto-currencies

Experience is not only the requirement to invest in cryptocurrencies. The main point is to adapt the modernization on how they will invest their money into a legit and safe investment. People are just afraid because of spreading fake ads, fake news and fake sites o invest.

I just made me remember all the dozen ICOs around that claims they are going to be the next bitcoin or eth and etc. I'm not mad if they have fear on investing on crypto because I've seen a lot of false claims of projects that just became a total disaster.

Ramtapsbtc

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Quote from: change7 on June 10, 2018, 06:00:18 PM

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.

For me the reason why people afraid to invest in crypto is they are afraid to loss coz they are lack of understanding about it ,they dont have any enough courage to try investing coz their fear of lossing is bigger than their faith especially if they always heard the negative news about crypto,that is why each of us must do research about cryptocurrency to find it out how important it is in our lives.

knight20

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Quote from: Missterio on June 18, 2018, 01:08:18 AM

I think that many simply do not understand this and on this they are afraid. Because it is a complex technological thing requiring experience. Many people simply do not know how to use a computer, not to mention such a complicated world as crypto-currencies

Experience is not only the requirement to invest in cryptocurrencies. The main point is to adapt the modernization on how they will invest their money into a legit and safe investment. People are just afraid because of spreading fake ads, fake news and fake sites o invest.

Rodeo02

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Quote from: Missterio on June 18, 2018, 01:08:18 AM

I think that many simply do not understand this and on this they are afraid. Because it is a complex technological thing requiring experience. Many people simply do not know how to use a computer, not to mention such a complicated world as crypto-currencies

better understanding are always there that you have to take for while are you in trading and yet this is so much thing to be that we must do a lot of people have some choices to be because this is what they loved to do with and i believe also that this is so much kind of what we loved to do.

Missterio

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I think that many simply do not understand this and on this they are afraid. Because it is a complex technological thing requiring experience. Many people simply do not know how to use a computer, not to mention such a complicated world as crypto-currencies

ajiejot

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Because they have lack of knowledge of cryptocurrency. Every people should know the basic logic that never invest in what you don't understand. That's what I think the reason is why people afraid in cryptocurrency. They don't know it. And some people also investing in cryptocurrency that don't know anything about it, at the end, they keep losing their money.

pragna

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ya, at present condition of market prevent men to invest in cryptomarket. If you look at BTC price last one year you will also surprised. $19500-$6500. That's a big big thread for investors. On the other hand no body can not control it like normal market and no sutter us working when market is go down. I think that is the main fact for afraid to invest in cryptocurrency.

ralle14

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Quote from: Everandi on June 17, 2018, 05:44:06 PM

I didnt hurry to invest, cause you might get from 100 to 0 in no time without any fundamental knowledge

If you're going to invest on Bitcoin you won't be losing everything right away. Only alts/icos are the ones that could make you lose everything. It depends on which ones you're going to invest on, not all crypto will have the same expected results.

Quote from: TravelMug on June 17, 2018, 06:45:02 PM

And then governments and banks are trying to negate what bitcoin has established specially last year. They are trying to pull it down but making several statements and even disallowing their people not to trade and they will no longer honor bitcoins just like India and Pakistan did.

Bitcoin isn't totally banned in India and despite of the bad news these two countries still have a decent trading volume.

https://coin.dance/volume/localbitcoins/INR/BTC
https://coin.dance/volume/localbitcoins/PKR/BTC

Yramesor0

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Without any background or knowledge about cryptocurrency is one of the reasons why people are afraid to invest in cryptocurrency.Investing in it is just too risky especially if you have no idea how it works.Better to do research and ask advice to someone who are already into this to earn more profits rather than big losses.

MAJICOIN

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Due to people preference and the scams which happen in the market can make people afraid while investing in crypto currency and bitcoin and other old crypto are good for investment with out fear.

The_Dark_Knight

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Quote from: change7 on June 10, 2018, 06:00:18 PM

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.

Just look at the charts since January of this year and you will get your answers many of the people here in this market are here because we believe bitcoin can change the world but for those that only care about getting profits the volatility of the market can be a very big issue especially if they are not risk takers, this market is not suited for most of the population that are used to getting 3% per year on their investments.

Arwinkim

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In my country, when people hear about Bitcoin, the first thing that pops up in their head is 'gambling' or 'scam' because they only think that making money only happens in the real world. There should be a group of people to educate people about cryptocurrency voluntarily, at least. It is important to make the young generation aware of their surrounding. They don't need to work like regular worker if they know they also can make money online by understanding how cryptocurrency works. They may choose it as their main or side job.

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Quote from: juragane on June 17, 2018, 06:39:20 PM

it seems they are often afraid to invest in cryptocurrency probably because they are less educated so they end up afraid to invest in cryptocurrency.

Yes.Less educated about cryptocurrency and so they tend to be coward in investing in cryptos knowing it's a risky one and its prices suddenly fluctuates from time to time.But if you are a knowledgeable one,you must be prepared for its bests and worst results in such investments.Because not all the time you will gain good profits,sometimes you will also lose.And that's the nature of crypto.If you will not also take risks,you will only gain nothing.

AlehandroTheGreat

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There are a lot of risks with crypto investing, a lot of people are afraid of something new + knoweledge of risk investments

TravelMug

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Quote from: juragane on June 17, 2018, 06:39:20 PM

it seems they are often afraid to invest in cryptocurrency probably because they are less educated so they end up afraid to invest in cryptocurrency.

Right that's why who invested in December got burned when the price free fall at the current rate. So now they are really afraid to go back to the ecosystem again because their desired returns didn't materialized.

And then governments and banks are trying to negate what bitcoin has established specially last year. They are trying to pull it down but making several statements and even disallowing their people not to trade and they will no longer honor bitcoins just like India and Pakistan did.

juragane

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it seems they are often afraid to invest in cryptocurrency probably because they are less educated so they end up afraid to invest in cryptocurrency.

Everandi

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Actually there are lots of reasons for that, most of people still dont know about it, others are scared of something new.
I didnt hurry to invest, cause you might get from 100 to 0 in no time without any fundamental knowledge

minime0105

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Quote from: totholio on June 17, 2018, 05:24:06 PM

1. Extremely volalite compared to anything else, even without x5 x10 leverage
2. Extremely manipulated, the last bull run was manipulated https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
3. Hackers, time required to prevent it
4. It takes a ton of time to follow new and old projects also

I agree, the market is too volatile and sometimes unpredictable. One bad move and all would be gone. Plus, all this pump over regulatory rules placed by different countries can put people off.

totholio

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1. Extremely volalite compared to anything else, even without x5 x10 leverage
2. Extremely manipulated, the last bull run was manipulated https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
3. Hackers, time required to prevent it
4. It takes a ton of time to follow new and old projects also

terrific

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Quote from: change7 on June 10, 2018, 06:00:18 PM

people fail to understand the fact behind cryptocurrency investment

This is one reason, they only think that crypto's are sort of scam online and they don't want to study more about it so they are afraid of knowing more and investing to it.

Quote from: change7 on June 10, 2018, 06:00:18 PM

most times the people trying to invest may not have a maximum knowledge of cryptocurrency.

That's why they fail to understand crypto's, they are not doing research and it doesn't matter if its maximum or not, they only need to have basic knowledge on it.

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