Why are people afraid to invest in cryptocurrency? - page 28.

normanderecho

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Quote from: bbcolex on June 13, 2018, 06:56:37 PM

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.

I don't know what do you mean by durability, Cryptocurrency has it's ups and down. Value is very unpredictable due to high volatility and being not accepted globally and being thrown as a pure speculative investment doesn't seem attractive, People need to have higher understanding and knowledge about cryptocurrency. Can't blame other people for being scared and not jumping the hype, they just lack some knowledge about it.

I think the reason why people afraid on bitcoin because of losses of money and other persons did not have knowledge about bitcoin so that people afraid to loss the capital and other people heard about the bad side of cryptocurrency so people scared cryptocurrency.

bbcolex

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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.

I don't know what do you mean by durability, Cryptocurrency has it's ups and down. Value is very unpredictable due to high volatility and being not accepted globally and being thrown as a pure speculative investment doesn't seem attractive, People need to have higher understanding and knowledge about cryptocurrency. Can't blame other people for being scared and not jumping the hype, they just lack some knowledge about it.

danherbias07

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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.

The new generation will not. That is if they will not be infected by the traditional grandma and grandpa now.
If they can make another way then they should go for it.
Crypto investing is another way and it stops the traditional mutual funds or just banking system of investing the money.
Now, it is their choice to make it happen. I hope there will always be one on the family that could push it or maybe a friend and google. Grin

Kevondo

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because they don't have idea about crypto currencies and they made bad image about the crypto market just because of lack knowledge of digital currencies. when they invest their money in crypto market some family members discourage him or they hear about some one of lost their money i crypto market that's way they didnot invest their money in cryptocurrency

bhabygrim

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People are afraid to put their money in something that they don't usually know,
If you just found out something and you don't know anything about it are you willing to take the risk ?
People who are new in crypto currencies always doubt it .

karthcrypt

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Fear is the major factor. I have had to introduce cryptocurrency and they would tell me how cryptocurrency is not government backed, how it is illegal to use it and the fact that it might disappear in the future according to their theory. They keep bring up all kind of excuses because they are afraid!

JL421

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It is because of what is happening currently, someone tried to hack a Korean exchange but they posted a update that they had freezed all their wallets and as of now there hasn't been any report of any funds being stolen but still people around the world started panicking and bitcoin just lost 1000$ in just 1 day. If a currency is so volatile how can you expect someone to not be afraid while investing

Torrenth

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investing in crypto is very risky, an ever-changing market will degrade the investors' mentality, let alone people who do not know about the crypto they think all will be in vain, so they prefer to invest in the real thing.

sana9826

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Brcause they consious with the risk in investing cryptocurrency. The people won't loss their money for uncertainty thing, but if they are lucky in crypto, actually they will be rich people in the future, but they doubt with cryptocurrency because it is not real like the gold. They think like bought a mouse in a plastic which can't be seen by eyes.

Alakdan

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Quote from: Amajaa on June 13, 2018, 11:13:49 AM

Maybe afraid of losing thats why or maybe some dont really understand how cryptocurrency works, due to its flactuating prices its very risky to invest especially if you dont know how to control your emotions.. It requires guts and knowledge before investing and not just you heard it once or oftentimes from others.

i agree to this opinion. some people afraid to lose especially if they have already bad experience in investing to shitcoins, pump and dump schemes.

Amajaa

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Maybe afraid of losing thats why or maybe some dont really understand how cryptocurrency works, due to its flactuating prices its very risky to invest especially if you dont know how to control your emotions.. It requires guts and knowledge before investing and not just you heard it once or oftentimes from others.

tanghere02

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People are afraid to invest in cryptocurrency because they lack of knowledge. I can attest that because one of my family members had that reason on why he doesnt want to invest on cryptos. But after what had happened last November when bitcoin almost reached $20k, it was somewhat like a turning point for him to get to know more about these digital currencies because his co workers were all talking about it.

knightmairesaint

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Quote from: tbterryboy on June 13, 2018, 07:13:11 AM

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.

This is just a mindset and some people do not want and feeling uncomfortable with this business because their concept about the market of cryptocurrencies is not relevant and heard false about the market but they do not know of its advantage and just thinking they can not make something here but this is just a perception. In order to get maximum benefit you have to take the ways straight towards the crypto market if you have knowledge of this market.

And I think that we will continue to have this kind of people around since there are many bad news about bitcoin. Recently, someone asked me about bitcoin and I told him what I know about him, our conversation was going so well until he opened the topic about bitcoin being scam. As a trader and a hodler at the same time, I can say that I have benefit from earning bitcoin already and this is what I am holding as a proof that bitcoin is beneficial. I told him what I think about the bad news and I don't know if he was convinced or his mind is already fixed.

As far as I know, we shouldn't be afraid of trying new things out. It is okay to have doubts and questions but what we must do is to have our own research if we are having a hard time believing in what others are saying. Bitcoin has good advantages which will surely benefit those who have their interest in learning and those who are doing something to erased doubts.

Pamadar

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Quote from: malah on June 13, 2018, 08:08:56 AM

the reason why people are afraid to invest in crypto currency because they are afraid of losing their money, investing in crypto currency has a big risk and if you are wrong in making a decision then you will lose

Proper education is the key to succeed from this field, if you want to extend your chances better to invest with knowledge, people who failed or afraid to begin investing with crypto are those who have no knowledge in particular, if you are going to aimed for good business around start with research and study properly the flow of each coins around.

KenChanYu

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Quote from: tbterryboy on June 13, 2018, 07:13:11 AM

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.

This is just a mindset and some people do not want and feeling uncomfortable with this business because their concept about the market of cryptocurrencies is not relevant and heard false about the market but they do not know of its advantage and just thinking they can not make something here but this is just a perception. In order to get maximum benefit you have to take the ways straight towards the crypto market if you have knowledge of this market.

In the volatile world of cryptocurrency, some people may not be prepared or willing to take risks because of various controversies, the technology may seem new and young in the global market or may have a limited knowledge. It carries a degree of risks and looses that make people choose not to participate. But with proper education, and disseminating correct information, it can have a big influence in the way people view the nature of cryptocurrency.

cabron

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The bloodbath that keeps repeating everytime there is a news coming from fudsters like garlington of XRP is the reason why those new investors are afraid of sending USD to exchanges. If people kill themselves from losing money on stock market and FOREx, the more they'd hang themselves if they lose to an investment that more than half the world know nothing about.

Arsalan1996

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I think that the peoples are afraid invest in crypto currencies because the fluctuation of price of bitcoin as this is affecting the small crypto coins prices but if you have some trading know how then you can easily invest in crypto currencies and can earn some good profits easily in red market era.

malah

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the reason why people are afraid to invest in crypto currency because they are afraid of losing their money, investing in crypto currency has a big risk and if you are wrong in making a decision then you will lose

coinplus

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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.

It is simply because they are just not ready to face the short term volatility, but would rather keep imagining how it would make them rich overnight and once they get dealt with since that mentality makes them a weak hand, then they start getting scared to ever invest again and staying away while blaming everyone and everything related to crypto instead of their own misjudgments.

The knowledge is important and it is not all about the gains, they need to realize what the real value is to understand the future potential. If we realize the future potentials of cryptocurrencies then we will never get afraid for investing with it. I am the one, never get afraid to spend for cryptos and at the same time I recommend my friends to do so.

Those who have followed my words in the past are happy now for their investment actions due to me. The returns they got so far, are just the rewards for their fearless decision for cryptocurrency investments. They are currently turning as an example for their friends.

tbterryboy

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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.

This is just a mindset and some people do not want and feeling uncomfortable with this business because their concept about the market of cryptocurrencies is not relevant and heard false about the market but they do not know of its advantage and just thinking they can not make something here but this is just a perception. In order to get maximum benefit you have to take the ways straight towards the crypto market if you have knowledge of this market.

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