Why are people afraid to invest in cryptocurrency? - page 3.

DaughterOFbitcoin

jr. member

Activity: 91

Merit: 1

Quote from: lushlife on August 03, 2018, 08:44:20 AM

One reason that comes to my mind is, they do not understand cryptocurrency well,
because of crypto-related scams, and they don't believe in the idea of decentralization.

The uncertainty in the market can cause people to afraid and feel reluctant to invest their money in bitcoin. But I think that very soon these situation will become over and we will see rising the confident of investors very soon. i hope that very soon they will start investing money in bitcoin which will surely give them a very good profit.

lushlife

newbie

Activity: 280

Merit: 0

One reason that comes to my mind is, they do not understand cryptocurrency well,
because of crypto-related scams, and they don't believe in the idea of decentralization.

rachelia13

full member

Activity: 434

Merit: 100

Some people may be afraid to invest in the current time now in cryptocurrency because cryptocurrency is currently entering a bearish phase where traders are panic deciding whether to stay in the market or not, whereas traders are more inclined to save their fiat money to buy bitcoins and other digital currencies at the lowest possible price so that their profits will be higher. While some may be due to lack of knowledge about cryptocurrency and do not dare to take the risk of loss that might occur due to speculative and volatile prices.

jambul_kribo

sr. member

Activity: 980

Merit: 250

Quote from: sleekie on August 02, 2018, 01:25:25 AM

Its normal for one to be scared of what he has no adequate knowledge of. A lot of people still don't know the concept of cryptocurrency and find it difficult to come to terms with digital currency legitimacy, hence they don't even come close to it.

most of people that scared about cryptocurrency, usuallay they dont have enough knowledge about it.the technolofy, community ,anonnymous concept and other factor.

Fayefot

member

Activity: 128

Merit: 10

We cannot blame them, maybe because they need to have enough knowledge about the coin that they want to invest. And its not easy to to invest on something that we dont know if it will moon or it will deep. But if it is Bitcoin or ethereum i would suggest to continue investing.

poloollec

newbie

Activity: 70

Merit: 0

It is very reasonable but people do not understand it sometimes.

sleekie

newbie

Activity: 157

Merit: 0

Its normal for one to be scared of what he has no adequate knowledge of. A lot of people still don't know the concept of cryptocurrency and find it difficult to come to terms with digital currency legitimacy, hence they don't even come close to it.

redsun114

hero member

Activity: 2730

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Leading Crypto Sports Betting & Casino Platform

Quote from: legenduim on July 21, 2018, 03:35:50 AM

Quote from: SCRAPYCOCO on July 12, 2018, 07:29:56 PM

I think the reason for their fear is that normally people do not usually work with cryptocurrencies, a topic that not everyone knows and therefore do not understand the potential of each of them. It's just a matter of time for people to get to know them and join the world of crypts

I do not think that people are really afraid to invest in cryptocurrencies. many of them simply do not care about these things. They have no interest to the crypto.

That is right. And many of them do not even know about the crypto so in my opinion, they prefer the traditional business and do quite well by investing and earning in the property and in food business. But those who are well versed about the technology and still do not invest in it has some reasons among which some are the risk attached to the investment, uncertainty in the crypto market and many more.

Crypto_Spike_Factor

newbie

Activity: 125

Merit: 0

Cryptocurrency is a space haven't been venture by majority of people mainly to the fact that it isn't from the centralize government, this in fact will affect the economics of those who are late in their understanding of this new socioeconomic. My suggestion is, whoever in this mindset of understanding the technology should start learning how the technology works as it is the future of our economics.

vinbentrob

member

Activity: 210

Merit: 10

“Tackling Climate Change Using Blockchain”

There is always a reason for fear and most time many things that people fear are unfounded! In the case of cryptocurrency, I think the idea and the abstract nature of cryptocurrency make it difficult for people to use cryptocurrency!

localxe

copper member

Activity: 98

Merit: 0

Because everyone learns from someone, and what you hear from your introducer is what you will hold on to, if the person introducing you has lost so much in crypto he will only share his bad experience therefore making you think twice and being scared and you will share to the next person you see the same, if a successful person introduce you, you will jump right in, this is the major first fact, second fact "media discourages others".

RKSummer

full member

Activity: 337

Merit: 100

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.

In my opinion, people are afraid to invest in cryptocurrency is due to lack of awareness, understanding and knowledge how cryptocurrency can change everyone's life in financial aspects.

bitcoinerjawa

member

Activity: 364

Merit: 10

I think a lot of people are afraid to invest in cryptocurrency because they may be very unaware of how they can get the benefits and maybe they do not have a mature strategy. many possibilities can strike them.

juv3ntus1

newbie

Activity: 196

Merit: 0

Because crypto its very risky ,its a high voluation maket and they are scare to lose a lot of money.Crypto market depends to much to good or bad news.

Mobadmas

newbie

Activity: 11

Merit: 0

Thats true we need to educate ourselves about the markets help newbie spread the message accross every platform the future money is cryptocurrency.

1. Easy to Use
2. uniting the world into one means of trade and batter
3. Accessible by All only if u have internet.

Disadvantages.

1. Security is very essential for the emoney
2. In underdeveloped countries where internet is not available meaning they dont have access to the money.
3. Availiabilty

Thanks
spread Good news about the future of trade by batter

nz_sana

newbie

Activity: 132

Merit: 0

Many reasons people can afraid to invest in crypto. There is a big chance for overnight lose and profit as well. Government is also a fact here. Many country select crypto coins as an illegal activity. Moreover, crypto used for ICO project which almost all are a scam. So people are in fear that what they need to do. Even many people don’t know actually what is crypto coins is and why we need to use it. That’s why people afraid of it.

fluctuations

newbie

Activity: 183

Merit: 0

People are afraid of investing in this market because they do not understand the nature of the market. If they learn more about this market then I think they will have more confidence to invest.

srcnckr

full member

Activity: 244

Merit: 100

io.ezystayz.com

Quote from: Chooroz on July 27, 2018, 06:47:05 PM

Quote from: illnino on July 27, 2018, 09:56:15 AM

Many people really do not trust the cryptocurrencies and even call it the bubble. They watch how the alts' prices change constantly, and they are simply scared to lose the money.

There are still many people are afraid to invest in cryptocurrency because they dont believe that there money will invest will grow very high on crypto and off course many more people are afraid because there are a lot of scammers in cryptoworld.

People do not invest in cryptocurrency because they have no knowledge of this market or they feel that this market is very risky. That prevents new entrants from entering the market unless there is a very strong uptrend as of the end of 2017, causing many new investors to enter the cryptocurrency market.

tatum506

member

Activity: 311

Merit: 10

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.

You can see that the crypto market is a very potential market and can make you much more profitable and easier to sell, although this is a new market and very few countries around the world. For legal traffic and control, but the profit it brings is still huge. So many people in the world invest in bitcoin. So I believe you should be speculating on the bitcoin to catch up on this opportunity.

EXtremeAEX

hero member

Activity: 798

Merit: 503

I think that for the bulk of people crypto currency is very difficult, incomprehensible and scary. Before a person invests, he needs to understand what crypto-currencies are and why they are needed. For a beginner who is far from the world of technology and computers, this is a very complex topic. At this stage, most people understand that this is not for them.
Next, those who overcame their reluctance to understand and learn face a crypto reality. With the fact that crypto-currencies are very volatile and the movement of their prices (for a beginner) can not be foreseen. Here people are overcome by fear and they never dare to invest.
I think that there are many other reasons. Just thinking about those reasons from whom it all begins.

Topic: Why are people afraid to invest in cryptocurrency? - page 3. (Read 2165 times)