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.
In my opinion, I think the biggest reason many people are afraid of investing in cryptocurrency is their instability, the value of each altcoin fluctuates a lot in the short run, resulting in diminished value. At times the value will increase very high but there will be times when it falls into crisis. Besides, as you said. Some people are traditional investors, yet they have not mastered the technology and how cryptocurrency works, so they don't want to venture into areas where they are not good. This is just my opinion
Topic: Why are people afraid to invest in cryptocurrency? - page 26. (Read 2165 times)
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.
In my opinion, I think the biggest reason many people are afraid of investing in cryptocurrency is their instability, the value of each altcoin fluctuates a lot in the short run, resulting in diminished value. At times the value will increase very high but there will be times when it falls into crisis. Besides, as you said. Some people are traditional investors, yet they have not mastered the technology and how cryptocurrency works, so they don't want to venture into areas where they are not good. This is just my opinion
I believe that it is the price fluctuation which scares the people and prevents them from investing in cryptocurrencies. On the other hand, governments are pressurizing citizens through the unconstitutional manner by issuing an order to the central banks to stop giving services to the companies associated with cryptocurrency exchanges. Some negative media stories are also responsible to create the chaos in the environment that is affecting the perception of the people towards Bitcoin and other cryptocurrencies out there in a negative sense.
Every year people become not trusting, especially when it comes to investing. Unwillingness to invest their capital to increase it is due to logical reasons: in our time banks have become very often closed, and not only commercial banks. Fear that the invested funds in the same stocks, deposits, precious metals do not return to their owner back, prevails everything. So in my opinion people are afraid to put a kopeck into the bank, not to mention the crypto-currencies.
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.
In my opinion, because they don't know if they earn profit or their money will lose, that they see the price sometimes its low or high. The other reason is don't trust on bitcoin, yet even if the price is not steady they will try to invest first so that they can realize that they should not be afraid to invest in cryptocurrency.
They are afraid on losing money and also they don't know the rules of cryptocurrency. They might just thinking that crypto is too risky to invest and its true, they were just being careful because money is so hard to earn.
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.
Most people think it is a scam, since there's a lot of scam investment that involves bitcoin and money investment. People who invested in bitcoin during the peak most likely lost a lot of money that is why they are scared to invest in cryptocurrency again. I think patience, getting informed and experienced in crypto is a must for you to survive and earn.
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.
Most people think it is a scam, since there's a lot of scam investment that involves bitcoin and money investment. People who invested in bitcoin during the peak most likely lost a lot of money that is why they are scared to invest in cryptocurrency again. I think patience, getting informed and experienced in crypto is a must for you to survive and earn.
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
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.
People are not actually afraid of cryptocurrency but they did not want to invest due to the risk that they will take if the price in the market crash down just like what is happening today in the market, so expect the volatility if you are planning to invest today.
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.
People are not actually afraid of cryptocurrency but they did not want to invest due to the risk that they will take if the price in the market crash down just like what is happening today in the market, so expect the volatility if you are planning to invest today.
People are afraid to invest in cryptocurrency because its too risky knowing that bitcoin has no physical appearance unlike our regular currency or fiat money.Aside from that they do not have enough knowledge about it.
There are many reasons why some people are afraid to invest in cryptocurrencies. One of them is that virtual coins exist only in the internet and is intangible. Majority of the people are not use to this new kind of currency so there is a need to educate them first and teach them later on how to use in online transactions.
There are a lot of reasons why it happens. Let us be honest and do not forget that any crypto coin is a risky asset it is not a bank deposit. Moreover to invest in any crypto coin a person need to have some knowledge and be are familiar with modern technologies like internet and so on. Also a person need to have knowledge about crypto market to understand what the price of a coin is attractive to buy. And final reason why much people do not invest in crypto because there are much fraud.
It is just very unfortunate that a bunch of people in the space really do not get the fact that it is highly volatile but they instead focus more on short term gains or profit thinking it is a way to get rich quickly. However, things do not simply work that way and the earlier they started knowing that they should focus more on the long term than the short term, the better for them.Only after they do understand, they will always see dips as an opportunity to invest rather than joining FOMO 100% of the time. I believe rest of people will start adopting bitcoins when bitcoin will be scaling new peaks. It had happened in the past hence it will happen again and again too. Bitcoin will hit new peak and then some down trend will follow. When people continuously watching this similar trend then they will not be afraid all the times.
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
Because we don't know the future of cryptocurrency. Would it be good like 2017 when bitcoin price rising so high with only 2 months, or it would be bad, you know what is the bad thing. It's not like when you investing on gold. You know the future because gold price annually rising. So when talking Investment, gold is the best. But when talking trading, my opinion is cryptocurrency is the best
Yes, you are right, we are affraid, because of non stability of all prices and of sittuation in general, so we can not know for sure, will this market survive, or will it fall.
Because of manipulation
And also due to fluctuation. Sometimes people invest in crypto without having enough knowledge. These lead them to make unwise decisions as a result of which they loose some good money. They start calling the technology scam or bubble which also affects the people around him. This creates a chaotic air and people refrain from investing in crypto. Many say it is not going to survive when the prices drops and withdraw their money.Because we don't know the future of cryptocurrency. Would it be good like 2017 when bitcoin price rising so high with only 2 months, or it would be bad, you know what is the bad thing. It's not like when you investing on gold. You know the future because gold price annually rising. So when talking Investment, gold is the best. But when talking trading, my opinion is cryptocurrency is the best
Yes, you are right, we are affraid, because of non stability of all prices and of sittuation in general, so we can not know for sure, will this market survive, or will it fall.
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.
People are not afraid about cryptocurrency but they do not want to lose their capital, investing always comes with risk in order to become successful someday and that is the reason you should always know how the market works before investing on cryptocurrency.
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