Why do people/users are afraid to invest in Crypto? - page 18.

longwintershere

jr. member

Activity: 224

Merit: 1

“Revolutionizing Brokerage of Personal Data”

Quote from: leynylaine on May 16, 2018, 08:19:40 PM

There are many things most likely to consider whenever you're investing money in crypto..

These are:
1. Volatility of the Market.
2. They don't have the knowledge about crypto.
3. Negative news that they see or hear in social media/TV Media.
4. They were scammed and afraid to invest again.
5. Threats of hackers in the internet.

But users can also protect their computer from hackers by using:
1. Virtual Private Network for Internet Protocol
2. MetaMask Wallet
3. Not saving any private keys in your PC.

it's perfectly fine if people are afraid to invest in crypto as there are many reasons to be afraid. Proper education should go first, only then the investment should follow.

PatStyle88

newbie

Activity: 126

Merit: 0

Hi
The biggest problem still is that people do not inform themselves about the Crypto world and this uncertainty leads to fear investing

jonloner011

newbie

Activity: 224

Merit: 0

There are several reasons why users and other people are afraid of investing in crypto market.I think specially newbies face a lot of confusion to invest money in there as they dont have any clear idea and conception about this world.Its just a matter of time. When they get enough idea and experience then will be not afraid to invest in crypto world.

petloer

newbie

Activity: 224

Merit: 0

Most of the people who are afraid to invest in cryptocurrency don’t have any idea about it. Without this they don’t have that much guts to take a risk and make 10 times more profit in a month. Without this they have a lack of knowledge in encryption technology.

mikyadel

full member

Activity: 448

Merit: 100

Arabic Translator

the most important reason is that people afraid to invest in something they don't simply understand or even try too and once they entered this field and didn't make profits in just one month , they say it's SCAM

ghagz2016

newbie

Activity: 109

Merit: 0

Because they heard of some news about investors who were investing into scams investments. However, our part as investors is to be conscious of the legitimacy and business scheme. We should not be greedy of instant high payouts. We should consider a business that give acceptable profits. Let's not grab pyramiding schemes to avoid scam.

taiwww

sr. member

Activity: 588

Merit: 257

That is the generalise idea of whole thing. In reality people are just scared about the crypto currencies being illegal tender in terms of their government. Thats the first point where more than 50 % of population might be failing in getting into the crypto currencies. If they would surpass that and enter anyway into he crypto market then your points come in where they should stay stable at all times. They must overcome the security problems, emotional disturbances that arise due to ups and downs and thus that would be final stage when we can say users arent afraid of anything now. Cheesy

Marlyn1

newbie

Activity: 140

Merit: 0

Quote from: leynylaine on May 16, 2018, 08:19:40 PM

There are many things most likely to consider whenever you're investing money in crypto..

These are:
1. Volatility of the Market.
2. They don't have the knowledge about crypto.
3. Negative news that they see or hear in social media/TV Media.
4. They were scammed and afraid to invest again.
5. Threats of hackers in the internet.

But users can also protect their computer from hackers by using:
1. Virtual Private Network for Internet Protocol
2. MetaMask Wallet
3. Not saving any private keys in your PC.

The number one reason for me why people are afraid in investing in cryptocurrency is the lack of knowledge about crypto. They lack Knowledge about volatility, that it can be used to their advantage. They are afraid of hackers because they lack knowledge how to protect their wallet. If only they are equipped with this knowledge i doubt if they will be afraid to invest in crypto.

straimrpl777

member

Activity: 378

Merit: 11

I believe that the most basic is the lack of sufficient knowledge about crypto currencies. It is the poet who is afraid to invest in crypto. Also, the safety of investing is a big issue for them.

camillesalazar00

newbie

Activity: 69

Merit: 0

Well just the volatility is enough to scare a lot, and rightly so.

Angelia46

member

Activity: 238

Merit: 10

The Experience Layer of the Decentralized Internet

I think most of the time people don't know what they can do.
Most of the time they just want to profit from this investment.

3kpk3

full member

Activity: 1050

Merit: 149

Hire Bitcointalk Camp. Manager @ r7promotions.com

The reasons that you suggested make sense and I agree with you, but the most important fact here is that people are simply afraid of losing their hard earned money by investing into this extremely volatile cryptocurrency market since they think its like gambling. As the market volatility reduces with time, more and more people will definitely join this crypto market. The lightning network and segwit wallets are already helping in this aspect.

zxrcoin

newbie

Activity: 252

Merit: 0

Thank you for your post. You have pointed out the reasons why people are afraid to invest into crypto pretty well. I think the most important reasons are the inconsistency of the price and the ban on crypto over many countries. Besides the advertisement ban made the situaton worse.

kayakcrypto

newbie

Activity: 182

Merit: 0

I agree with you. There are a lot of negetive FUDs goes on which scares people who want to invest in crypto currency. I would say before getting affected by the news, justify it properly and do research. I think it is essential to do research before investing in crypto currency.

tradcoin

copper member

Activity: 140

Merit: 0

There are many ways to protect it. But STILL the coins are not always fully protected. Hackers can change their way and easily hack your data. That's why people are afraid to invest in cryptos.

veejay2716

newbie

Activity: 210

Merit: 0

Quote from: leynylaine on May 16, 2018, 08:19:40 PM

There are many things most likely to consider whenever you're investing money in crypto..

These are:
1. Volatility of the Market.
2. They don't have the knowledge about crypto.
3. Negative news that they see or hear in social media/TV Media.
4. They were scammed and afraid to invest again.
5. Threats of hackers in the internet.

But users can also protect their computer from hackers by using:
1. Virtual Private Network for Internet Protocol
2. MetaMask Wallet
3. Not saving any private keys in your PC.

Yes its true, all you have been said is true., All we have to do now is protect our money and try to avoid the risk, research more and plan very well before putting our money for investment.

DarkBullet

member

Activity: 336

Merit: 55

Those statements truly have a point. Most of those person who are afraid to invest in cryptocurrency don't have enough knowledge how it works and how will they protect their funds to hackers since cryptocurrency is an online money. Most of them are also confuse to navigate different types of crypto tools and for me, it really looks complicated when I first saw it. I've been doing my business in crypto for a year but my knowledge is still not enough.

leynylaine

member

Activity: 322

Merit: 15

Quote from: shfdj on May 16, 2018, 09:45:37 PM

I think the main reason is that most people lack knowledge about encryption technology and the encryption market. Therefore, investing in it blindly and easily will inevitably cause great losses.

I think education of crypto will be the best for all but only for interested people in crypto will do the thing because many users aren't aware of any information about crypto.

shfdj

newbie

Activity: 101

Merit: 0

I think the main reason is that most people lack knowledge about encryption technology and the encryption market. Therefore, investing in it blindly and easily will inevitably cause great losses.

Getcoinsite

sr. member

Activity: 714

Merit: 260

Quote from: xuan87 on May 16, 2018, 08:27:38 PM

It is true that there are ways to protect yourself from losing money in crypto, but we can't always predict the right price movement, the hackers also getting smarter and smarter, and not all people understand the technical things and even with all the speculation and knowledge, crypto still a risky investment

Every investments are risk either in real life of in virtual world but whats important is were doing our best to protect our money,hackers are much better now and youre right on that and this is what we need to be protected..

People may realized one day about what they are missing,just like us whos late comers in believing this communities benefits

Topic: Why do people/users are afraid to invest in Crypto? - page 18. (Read 3607 times)