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Topic: why are you afraid of buying bitcoin? - page 7. (Read 2054 times)

member
Activity: 308
Merit: 10
bokser
January 03, 2019, 08:27:45 AM
#49
indeed there are some people who are afraid of losing. but without realizing it is a process of failure. now the price of bitcoin is low and this is a golden opportunity to buy and hold it until prices rise again. it will bring tremendous benefits later. why should you be afraid
in General, any purchase of cryptocurrencies is a risk forever. since you do not know how the market will behave at a given time.my opinion is not much need to buy even now but you can try.
hero member
Activity: 1071
Merit: 500
January 03, 2019, 08:09:31 AM
#48
Even though low prices give opportunities to investors, to define a price that you may go in the market is very difficult at these harsh times. Also, investing on an asset has no relation with being brave or not. People who invest according to their feelings are always canditates to become  losers.
full member
Activity: 700
Merit: 100
Proof-of-Stake Blockchain Network
January 03, 2019, 08:07:13 AM
#47
Lot of people need to study first before buying bitcoins again and hopping that bitcoin will never happen what happen in 2018 lot of people loss plenty of money investing and holding crypto coins in that year.
newbie
Activity: 3
Merit: 0
January 03, 2019, 07:47:12 AM
#46
The volatility of Bitcoin is one more reason why people consider it a risk.
hero member
Activity: 1246
Merit: 588
January 03, 2019, 07:22:26 AM
#45
If someone is afraid to take risks in any business or business then you cannot do it.

Though I agree to some extent and I definitely agree that people should take reasonable risks, comparing the risks of buying bitcoin, a volatile asset, to starting a business is quite different. With a business, you have control with everything. If your business fails, you only have yourself(and your partner) to blame. With investing in cryptocurrencies though? There's only so much a single person can do to positively influence bitcoin's price, especially as a person that's not a sort of celebrity or "influencer" in the cryptocurrency space. Even as a celebrity or "influencer" though? It's definitely harder to pump prices right now compared to back then.
Therefore making your own business through bitcoin can also be an investment right? And can also mean that you will double the risk. It isn't really hard its just that people nowadays were just aware of the risk and more careful in putting up there money to this type of platform
newbie
Activity: 3
Merit: 0
January 03, 2019, 07:06:54 AM
#44
Bitcoin exchanges and wallets can be easily hacked. There are also trust issues between issuers and investors since there are price discrepancies for retail investors.

I have started following Tropyc.com. Tropyc Token Curated Registry (TCR) is a decentralised curation system cryptocurrency primary markets. It ensures high quality curation and therefore can be trusted by everyone. It is a one stop solution
legendary
Activity: 2576
Merit: 1043
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January 03, 2019, 06:53:10 AM
#43
To be honest, I'm not afraid of buying bitcoin. Its just that I don't have funds to buy some Cheesy . Maybe those who bought at its peak are those who are afraid now in buying Bitcoin. They lost so much money hoping that it will rise more but its the reverse of it. I believe that many are hoping that these year will be a great year for Bitcoin once again. Many are buying right now I believe.
newbie
Activity: 25
Merit: 0
January 03, 2019, 06:53:01 AM
#42
Maybe because of the unstable condition of Bitcoin. Sad
member
Activity: 190
Merit: 15
Customer Support at https://coinswitch.co/
January 03, 2019, 06:26:13 AM
#41
I am not scared of buying Bitcoins, what I am scared of is where is the industry heading towards, where are we leading to, which direction, and why?
Centralisation vs Decentralisation is not the debate, centralisation exist with bitcoin also, exchanges are eventually becoming like banks.

And people in the middle like exchanges/advisors are making shit load of money. Where do the being fair to everyone claim went? Evaporated?
hero member
Activity: 1470
Merit: 655
January 03, 2019, 06:20:22 AM
#40
that is such a huge assumption in your title alone. most people aren't afraid to buy bitcoin instead they are greedy about starting to buy it. they think if they wait they can get a lower price and as a result buy more of it but what they usually end up with is a missed opportunity and then are forced to buy it at a higher price.
of course there are small number of newbies who are actually scared because of the FUD.
legendary
Activity: 1596
Merit: 1011
January 03, 2019, 06:18:23 AM
#39
Is one of those who is afraid of buying during the crypto crisis on the market or you are someone who is willing to take risks and believe that this crisis is an opportunity to make big profits.

If someone is afraid to take risks in any business or business then you cannot do it. Even though the price of bitcoin is low now I see it as an opportunity to invest in it because we have seen a similar crisis in previous years but in the end it was very noble. I really believe it won't collapse but will soon experience an upward trend.
What do you think on the market today.
There must be some worry because the bitcoin market is very difficult to predict. even though at this time there is an increasing trend, but it is not impossible that the bitcoin price will decline. so this is a difficult thing to do, the digital currency market will always give us fear because of the uncertain market situation. We must dare to take risks when we want to enter the world of digital currency. many opportunities and we can take advantage of these opportunities to take income.
member
Activity: 448
Merit: 12
January 03, 2019, 05:37:22 AM
#38
What we are afraid of is not bitcoin, but scam. Now most of the crypto in this market is scam or close to scam, the only bitcoin that allows us to invest with confidence.
Therefore, please don't worry about Bitcoin, it must be safe and trustworthy. If you want to invest, it is best to use Bitcoin as the mainstay.
jr. member
Activity: 146
Merit: 1
https://i.imgur.com/5JpAp21.jpg
January 03, 2019, 05:31:05 AM
#37
to many at this time on the fear of buying coins, because prices continue to decline and fear that the price will continue to decline ,, like me, I see the prices on the market go down so much that I want to buy confused and scared ... if I lose
full member
Activity: 588
Merit: 100
January 03, 2019, 05:04:40 AM
#36
fluctuating crypto prices are common ... when the price of bitcoin goes down it doesn't need to panic, it's an opportunity to invest, and you will smile when the price of bitcoin rises later .
sr. member
Activity: 2520
Merit: 280
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January 03, 2019, 04:53:55 AM
#35
Is one of those who is afraid of buying during the crypto crisis on the market or you are someone who is willing to take risks and believe that this crisis is an opportunity to make big profits.

If someone is afraid to take risks in any business or business then you cannot do it. Even though the price of bitcoin is low now I see it as an opportunity to invest in it because we have seen a similar crisis in previous years but in the end it was very noble. I really believe it won't collapse but will soon experience an upward trend.
What do you think on the market today.
No one is willing to lose their money so its normal that people will get afraid when they are buying the bitcoins,we have no proof that prices will stay at this level,it may even go back to $1 too so keep yourself ready while you are investing on bitcoin for everything.
hero member
Activity: 2716
Merit: 552
January 03, 2019, 04:53:40 AM
#34
Is one of those who is afraid of buying during the crypto crisis on the market or you are someone who is willing to take risks and believe that this crisis is an opportunity to make big profits.
I can say most of the people are afraid whenever the price starts to dip. But, as for myself, I can see this as an opportunity, yet I cant shake off the feeling of being afraid to take the risks, but I just did.

If someone is afraid to take risks in any business or business then you cannot do it.

Business and investment in cryptospace are two different things and you may not compare this two. If youre talking about the level of risk, investment in crypto space is far more higher than any business ( depends on the type of business you put up).
hero member
Activity: 2128
Merit: 520
January 03, 2019, 04:49:22 AM
#33
Yea, I can only name two-three reasons thy people fear cryptocurrency, 1st lack of knowledge (the subject is new to them), It's not legal tender in some countries e.g. US, and 3rd reason  crypto value is up and down and people want steady value just like with the gold.
Afraid of losing it's value while they are still holding it, people who have lack of information about this new industry will not take the risk since they are not willing to lose their money, only those who have good perceptions about the future of this investment will take the move investing to this business.
sr. member
Activity: 1246
Merit: 250
January 03, 2019, 04:42:40 AM
#32
actually many people are not afraid to buy bitcoin it's just that they are waiting for good news that might be able to make bitcoin useful and can provide benefits for those who buy bitcoin, as I do now, I prefer to wait for good news to buy bitcoin again.
newbie
Activity: 2
Merit: 0
January 03, 2019, 04:29:08 AM
#31
Investing in cryptocurrencies involves very high risk, as prices have been extremely volatile, and Unlike other investment avenues, cryptocurrencies/ bitcoins are not regulated by government entities or banks. There is a lack of information about the trading parties, such a peer-to-peer non-regulated system may expose the investors to unforeseen risks.




newbie
Activity: 350
Merit: 0
January 03, 2019, 04:02:46 AM
#30
This isn't a bear market yet. Wait for the next couple of months, it'll get even worse.

It droped by 84% on 3200 if it will go bellow this line, bitcoin will die since no one will want to mine anymore.
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