Why are people afraid to invest in cryptocurrency? - page 25.

Marahunter

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Quote from: change7 on June 10, 2018, 05:00:18 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.

I have invested for the better part of this year, and I must say cryptocurrency investment is not easy. THere is no easy money to be eanerd, having learnt this the hard way. Better to have a day job on the side until you are able to earn a significant return on your investment

Xising

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Quote from: change7 on June 10, 2018, 05:00:18 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.

I think it mostly comes from the idea that the market is always moving into some negative scenario like the for example the value of coins always dropping or it being volatile. It is natural for people to doubt if investing in this market can really yield anything good in the because of the negative news surrounding the market plus the words of caution that governments and businesses always tie up with it.

miyaka26

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Why are the Investors afraid? did you saw how the mainstream media spread negative impacts and its drawbacks throughout the people? how they always say stuff like a scam here, risky, hacks, regulation, bubble, dead etc, they always post like that nowadays, I know we need to be aware but is that too much instead of discussing another side around and its positive impact, informing their viewers aside from spreading awareness.

icoprofits

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The main reason people are afraid of investing in cryptocurrency is they cryptocurrency market is full of volatility and speculation of news and sudden dumps and sudden pumps all this market conditions is fearful for new investors

coffigayo

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Very reasonable, because the price of cryptocurrancy has no regulation that can regulate the amount of supply and demand. Prices may change from time to time and are speculative. Cryptocurrency differs from the physical currency. Cryptocurrency has more advantages but on the other hand, it is also the possibility of higher loss of physical currency.

acener

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★Bitvest.io★ Play Plinko or Invest!

Quote from: change7 on June 10, 2018, 05:00:18 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.

Votality is one of the reason why people are afraid to invest in cryptocurrency. People are just afraid to release fiat because they are afraid of losses as well. Some people are also afraid to invest because they don't have enough knowledge about it. What they really need is enough idea about cryptocurrency.

airdropan

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♦♦♦♦♦

because the price is unstable
investor prefer do invest on something like gold or another with stable price
whenever investor look at btc price at the end of 2017 they could imagine the crash $20k to $6k right now, i think they gonna think more to invest in crypto

priya2018

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Quote from: valheru on June 10, 2018, 08:14:51 PM

Cryptocurrencies are dissimilar to physical currencies. Cryptocurrencies have more profit but on the other hand, the chance of losing is higher than physical currencies.

NOW ITS I THINK GUD

speedy1987

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Quote from: change7 on June 10, 2018, 05:00:18 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.

Those kind of people now aware of bitcoin benefits. There is lots of scammer promoting bad about bitcoin. Thats why many people are dont have believe in bitcoin. Intelligent people never miss this change.

Schwifty27

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i think theyre afraid because they dont know what is it all about or they dont know how to invest.

Boldmaxx

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Cryptocurrency investment right now is for the very brave ones or the highly inexperienced. The market is becoming highly unpredictable even to the pro. Loss comes very easy these days. So fear is normal.

ennave123

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The lack of understanding on how the crypto world works may be the 1st factor to be afraid of. Also the trust in the project. As we all know there are a lot of frauds, some may be good at first but will left all of a sudden lately. And how the mind works, negative comments will always linger more than positive.

entrepmind23

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Quote from: djselery on June 16, 2018, 11:42:53 AM

Most people around the world have a total ignorance about cryptocurrencies, or just negative ideas about them, so they aren't really encouraged to invest their money in this digital currencies. That's why the crypto community have to make an additional effort online to spread the word even more about this currencies and teach people about their potential.

I want to teach too but the stumbling block would be that even our own friends or relatives will just discouraged us or much more they believe the news than what we are saying and it is discouraging that instead of us telling them to just have take a look of the cryptocurrencies without having a judgment first due to what they have seen or heard, they would convince me instead to stop getting involve in cryptocurrency because I would just end up being scammed. I will just let my earnings do the talking then than convincing them because money is a powerful thing and some change their minds because of it.

enawati

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One of the reason in my opinion is they thinking crypto is fraud because does not regulate by government. They think will loss money if they put money in to crypto. Other reason is they hard to understanding how to start to make invest in crypto, they does not know how to buy and sell it using fiat.

travieso

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people are afraid of investing in cryptocurrency may be because they are afraid of a big risk different from banks they may be less understanding of the world of crypto so as to make them doubt

Tnt1971

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People afraid to invest in cryptocurrency marketcaps because people see everymoment that prices are unstable volatile. So in trading, mining unstable market is so risky.

ModGirl

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Quote from: ?? on ??

Quote from: icecream sandwich on June 16, 2018, 06:26:56 AM

Quote from: change7 on June 10, 2018, 05:00:18 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.

Maybe they have a trust issues because it is truly hard to trust things that you are not sure about it. Yes you can say that this is legit because you are spending a pot of time now in this thing vut if you are new to this you will of course feel the same way and maybe they have a history before that they have been a vuctim of a scam so that thing can affect the behaviour of the people so we cannot blame them if they do not want to invest in cryptocurrency. And it is our fault if they invested but then they lose money

It's just a matter of when will be able to understand how the market goes. We just need to be calm as long as we see how the market moves and how we will be able to see how the price can changes and abusers can be. We need to do research and study it before entering.

People needs to know all these skills carefully, if they will learn the market moves and will act according to it then I am sure they will feel so easy and good at bitcoin investments, risk is part of life so being afraid will give you nothing but only lose, so try bitcoin to be your way of earning I am sure you will earn good profit at the end, so it is just lack of knowledge which is making them not to trust bitcoin.

ArnoldChippy

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Quote from: DainSLane on June 16, 2018, 05:58:12 PM

The people are afraid to invest in crypto currency it is because they do not understand what is crypto currency all about, investment is very risky anytime you will lose your money because the price volatile. Sometimes they afraid to invest in crypto currency because it is anonymous investment.

Yes and that can also be a reason that they do not have enough knowledge bout bitcoin, which is in fact preventing them from a good good investing in bitcoin, but i think that if they will be introduce with bitcoin i am sure that the will like to invest their money in bitcoin, because bitcoin is a good option for investing money and get a good profit from it.

DennisStoff

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Actually they are afraid with the risk, because as they know that cryptocurrency can change the price anytime the demand are required. They also lack of knowledge, they do not looking to the future, they can't see the good things behind crypto volatility.

DainSLane

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The people are afraid to invest in crypto currency it is because they do not understand what is crypto currency all about, investment is very risky anytime you will lose your money because the price volatile. Sometimes they afraid to invest in crypto currency because it is anonymous investment.

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