Topic: Why do people/users are afraid to invest in Crypto? - page 7. (Read 3607 times)
Yeah actually there are so many bad experience also hidden in it people faced a huge loss in a past months so now they are afraid but obviously there is also a risk in every business so it is also a part of work and scams in many icos is also the reason the people are now afraid to loss money. And to put yourself in to crypto trading.
I think because there was some negative news about crypto. because crypto is very easy to change, and it is something that is uncertain. so some people will be severe and will not easily trust with crypto.
Many scams that exist within the crypto. It's not a secret anymore and certainly be a specific reason for reluctant and afraid to join in crypto. When entered in the crypto but was unable to develop it then only will receive bad results. and a lot of new people who are indeed happening there is not steeped in what they do and of course, it will make them losers and will become its own fears to them.
Any investment is always a risk. No matter where you put your money. And with the ICO, these risks are much increased, since more than half of them have recently turned out to be scammers. And about security: if you decide to invest in cryptocurrency, do not be greedy and spend 100 euros on a hardware wallet and you are not afraid of any hackers
besides those who are afraid of investing in crypto because crypto has a price that is always changing every time if they are wrong in choosing a coin then they will lose the money they have
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 really bothers me that some people talk about the volatility of the market and say that is a negative point for bitcoin and yet they want to obtain incredible profits in a very short amount of time, you either accept the volatility and deal with it or stay away from this market because the volatility is not going to go away, what it bothers me is that people want the best of both worlds, they want the volatility when they win but they do not want it when they lose.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.
With the current situation, I am afraid to invest in electronic money. And people are afraid to invest in electronic money. Because of its huge risk. Last year I kept bitcoin at high prices and this year I suffered a severe loss due to very low prices.
Although investing in electronic money is likely to help you get rich. But most people are afraid to invest. Because of:
1. This market is not stable in the long run.
2. Price increases continuously reduced.
3. Big investment.
1. This market is not stable in the long run.
2. Price increases continuously reduced.
3. Big investment.
There are a lot of reasons for this and the reason can differ greatly from one individual to another but the great majority seem to not be investing and buying cryptos simply because they are convinced that cryptos are scams and they are going to end up losing all of their money. Also there is a disturbing amount of people that seem to think cryptocurrencies are a ponzi scheme.
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 really bothers me that some people talk about the volatility of the market and say that is a negative point for bitcoin and yet they want to obtain incredible profits in a very short amount of time, you either accept the volatility and deal with it or stay away from this market because the volatility is not going to go away, what it bothers me is that people want the best of both worlds, they want the volatility when they win but they do not want it when they lose. 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.
Because the volatility of the encryption market is really one of the most intense markets. It is also easy to cause huge investment losses. And often occurs in a very short time.
People are not afraid to invest in crypto. People do not know in the majority what it is crypto and how to do it - invest in crypto. I consider all the ills from ignorance and ignorance of humanity in the field of crypto, and not from fear of crypto.
Patience and money is not an eternal resource, that's why people start to select projects more carefully if they are ready to invest further, because it seems to me that people do not invest at all now.
People are afraid to invest now in crypto because of the situation in the market, it has not recovered for such a long period of time and it continues to fall down the price, that is why people are now thinking if they will continue to invest or not.
There are two problems that cause people to fear. i.e. from the condition of the original where crypto fluctuations and scams much once this happens and cannot be eliminated. But if it is able to analyze well then at least this kind of thing will be unable to avoid. In addition to the completion of knowledge does not also make it into things that are not good because many will go without clear results without a strong knowledge of crypto.
The people might have seen enough negative news about crypto that made them decide not to ever touch crypto or they just have been burnt so much in their trades. But I know that we can still reverse it because the digital age favors us a lot than we know.
They have to learn about crypto invest...without proper knowledge they can't make profit in crypto & they literally convince themselves by saying this lame excuses
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.
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.
Afraid to invest in Crypto just one reason, don't wish to lose money
Can we blame them?This is the game of computer literate and not by those normal people thats why they are afraid of investing in cryptocurrency
And as regular human how would you trust a investment that has no physical assurance?Will you buy a currency that you can only see thru computers or gadgets?I believe if you are in their shoes you will do the same as what they’re
And as regular human how would you trust a investment that has no physical assurance?Will you buy a currency that you can only see thru computers or gadgets?I believe if you are in their shoes you will do the same as what they’re
The main reason why people are afraid to invest in the crypto currency is the fear of losing their funds. And you can lose them in two ways - because of fraudsters, as well as because of the large volatility. As the latest drop in the market showed, no single coin can guarantee you stability
People who do not have ideas about crypto afraid to invest with it especially when they failed after the first try or become a victim of so much scam. Some people afraid of taking risk because price is very volatile and no one knows when it gonna increase again. Or maybe they invest when the price is more higher and keep losing as the price going to fall day by day.
In fact, there are a minimum of 3 reasons people fear cryptocurrency (and why they shouldn’t).
1. People Don’t Understand It
People generally fear what they don’t understand. It makes sense, then, to learn all you can about the subject you are afraid of.
2. It Isn’t Legal Tender
Cryptocurrency is currently not classified as actual legal tender by the United States government. This may be another of the reasons people fear cryptocurrency. Another reason people have to be afraid of cryptocurrency is because not all countries presently accept it. Nevertheless, the number of countries agreeing to accept it is growing.
3. Cryptocurrency May Lose Its Value
An additional reason people fear Cryptocurrency is that it could lose its value. There is no question it has had its ups and downs in the market for investors over the past few years. In comparison, gold values have remained steady during the same time frame. But even though it has seen sharp increases and dramatic dips, most likely it is here to stay.
There have definitely been changes in technology in the past decade or two, the emergence of cryptocurrency among them. But people need not fear it. Rather they should learn about it and embrace its continued use.
1. People Don’t Understand It
People generally fear what they don’t understand. It makes sense, then, to learn all you can about the subject you are afraid of.
2. It Isn’t Legal Tender
Cryptocurrency is currently not classified as actual legal tender by the United States government. This may be another of the reasons people fear cryptocurrency. Another reason people have to be afraid of cryptocurrency is because not all countries presently accept it. Nevertheless, the number of countries agreeing to accept it is growing.
3. Cryptocurrency May Lose Its Value
An additional reason people fear Cryptocurrency is that it could lose its value. There is no question it has had its ups and downs in the market for investors over the past few years. In comparison, gold values have remained steady during the same time frame. But even though it has seen sharp increases and dramatic dips, most likely it is here to stay.
There have definitely been changes in technology in the past decade or two, the emergence of cryptocurrency among them. But people need not fear it. Rather they should learn about it and embrace its continued use.
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