Why do people/users are afraid to invest in Crypto? - page 2.

rocketbits

full member

Activity: 532

Merit: 101

Quote from: pinoyrichkids on November 02, 2018, 04:35:26 AM

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.

I agree on all the items listed, but what makes me think this time, is that the community is still lack of knowledge when it comes to crypto currency, this is one of the reason why some people never invested in crypto, that is why i support to have a college course pertaining to blockchain and crypto education, so that it could be shared to students and so that the general public could be informed.

Yes everyone will always have some sort of doubt in them when they are trying out an investment like this for the first time and when it doesn’t work like they expected it to, then they will quickly quit, though some might give it a second chance. Negative news is another thing that discourages a lot of us, not only newbies, even those that have been around for long. When they see a negative news everyone tends to shake and start looking for ways to leave before it happens.

kidbounty

full member

Activity: 1064

Merit: 101

HELENA

actually they are not afraid but they are just lacking in trust. I think all investments have a risk of being afraid there seems to be no effect if they want to invest. the problem now is the lack of investor confidence in crypto.

Saint1990

member

Activity: 196

Merit: 11

Nice points elustrated by you op but you can also include the unclear regulations about cryptocurrency also makes investors afraid. There is unclear guidelines about the taxation too in some countries for holding cryptocurrency.
Read this article about student who made $880k worth portfolio with $5K investment in 2017 is now facing tax liability of $400k. Due to volatility his portfolio of $880k turned out to be $125k
https://toshitimes.com/student-faces-400k-crypto-tax-liability-on-holdings-worth-125k/

79b79aa8d5047da6d3XX

full member

Activity: 660

Merit: 101

Colletrix - Bridging the Physical and Virtual Worl

Crypto is still new to many people. In my country, where I live, When I say crypto can be very profitable if we invest in it, But they think this is just scam and ponzi ... They do not believe the What do I say and need to spend much time in the future so that they understand and can invest

ronafurw

full member

Activity: 420

Merit: 102

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.

Everyone is afraid of losing their money but no one is afraid of winning lol. The reason most of them are afraid is because they don’t want to lose their money and they also have no intention to hold it for long. Majority of the people that comes here are not here to stay, they just heard the news of how many people were able to make money through Bitcoin, either their friends told them or they came across it in the news and they want to make their own money and get out. But they come in and start seeing something difficult and different from the way it was explained to them.

cathat

full member

Activity: 264

Merit: 100

TEMCO

People do not understand what cryptocurrencies are and what they are, if it was somehow covered, we would not be faced with such a problem as the fear of investing.

Suares02man

member

Activity: 218

Merit: 10

Have you agreed to invest in the cryptocurrency sector without any awareness? I guess not. That other people are afraid to invest money hete, where they don't understand.

swartzias

full member

Activity: 294

Merit: 100

If only it were so easy to make a man... Investment is a deliberate decision, and since the blockchain is still quite an ambitious project that is at the stage of development, many people refuse to invest.

saycryptohello

member

Activity: 574

Merit: 11

It's like buying a box, but not knowing what's in it. Quite scary and risky, because you can lose all the money, and you can get rich.

kokrokok

member

Activity: 447

Merit: 11

Koinomo

other than that they are afraid of investing in cryptocurrency maybe because they have suffered a very large loss or maybe they are afraid because they see the price is getting down every month

DisWhale

jr. member

Activity: 336

Merit: 1

Improve your mode of payment with crypto

The fear of most people to invest in crypto is largely due to the volatility nature which makes it quite unpredictable to them. Also, most of them are driven by the false bad news presented to the people by the governments and media. The best solution to these factors invoking fear in the people is through sharing of knowledge about crypto. This will clear the misconceptions which breeds fear.

koralan

full member

Activity: 462

Merit: 100

In my opinion, people are concerned about investing in Crypto because of instability, sudden evaporation, fraud, unsafe and unapproved worldwide...

sh4dtechnr

copper member

Activity: 434

Merit: 4

Cryptocurrency is one of the best investment markets now. Anyone on the planet can invest, and in fact it is very simple. Whatever may be said, the crypto is still very promising and in the long run an extremely profitable investment environment. Of course, there are risks, but if you study the market properly, you can significantly reduce them. Cryptocurrency is worth it to study it and spend your time on it. The time will come and your efforts will be rewarded!

rricksu

jr. member

Activity: 182

Merit: 2

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.

In this case, we can compare the transaction of investment in cryptocurrency and stock market,

Cryptocurrencies unlike the stock market is very flexible, no one can actually tell the price if it is going to go down or now. It is basically depends on the project's development. In the stock market, there is already companies that is well built and predictable to succeed. Therefore, my main point is that, investors are still afraid to risk money in cryptocurrencies. In addition, Scam are also a factor with this.

djselery

legendary

Activity: 1386

Merit: 1001

People hate losing their hard earned money, and they have wrong ideas about cryptocurrencies. There are even some people who think that these currencies represent somehow a Ponzi scheme.
It is the responsibility of the crypto community to clear up the real facts of cryptocurrencies and spread the word about them more.

Open4lies

sr. member

Activity: 552

Merit: 250

Although the cryptocurrency market can bring huge profits, investors are still cautious and alert because the market is not for new investors. You will lose money if you invest without any experience. Therefore, if you want to buy cryptos, you have to be knowledgeable and persistent in this market.

jajorforce

full member

Activity: 399

Merit: 100

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.

Those who do not understand about crypto and they just think will make a big deal out of cyptos, but 95% of them have lost. blockchain bc is still quite new, it looks like www. or email the early 90's .
It is still a great opportunity for everyone.

loragean03

full member

Activity: 403

Merit: 100

Quote from: elitemobb on November 03, 2018, 04:50:47 PM

Most people do not even have an idea what a cryptocurrency is, they hear about it, but they don’t understand, therefore there is a fear of investing in what you don’t know, the fall of the cryptocurrency market and its instability also play a role, investors are simply afraid investments and for unpredictable market

Some people are afraid of the risk in investing in crypto because of the many possibilities that your investment will end up with nothing, The good thing to think is that everyone should see the potential of crypto currency, Some of us think that crypto currency is a treat for every nations but in reality it can give everyone and every country the capacity o improving its economical figure and can produce many opportunities for the people's population.

chadtn

sr. member

Activity: 672

Merit: 250

People are afraid of the unknown. Just as they once watched cars and electricity, so now they are watching the blockchain.
They do not understand why it is needed and how to use it.

Happydd

sr. member

Activity: 630

Merit: 250

Many fear the crypto world. Because investing in this area is quite risky. Large profits, large capital investments have not enough people to participate. I often join the bonus campaign to make more money to buy the coin at a cheap price, then make a profit.

Topic: Why do people/users are afraid to invest in Crypto? - page 2. (Read 3607 times)