People usually reading bad news towards crypto, hacking sentiments, scamming activities, and etc...It lives in their mind and gives them an idea, not to investment crypto and just lose their money instantly by mistake. That is how news becomes a big factor in regards to crypto adoption.
Apparently, they are wrong about it but we can't easily change their mind until such time that gives them no option but to use it. Since we have a stock market, gold and so many investments surround us, it also gives them a way to move away from investing crypto. Ony a risk-takers can afford to invest crypto and are also willing to lose their money. Most of us don't have that guts that is why so many people are still not knowing Bitcoin.
Topic: Why don't more people invest in btc? - page 2. (Read 494 times)
I'm wondering why the general population hasn't yet caught on and started investing in bitcoin.
Don't rush things, we will get to that stage because adoption is on going, eventually people will invest because bitcoin/crypto is going to be regulated and they'll put some trust and confidence on it. These days people seem to be willing to immediately invest into the stock market, but not into any cryptos, when it has such a large potential in the future. Why is this the case?
Can't blame them, majority of people invest on recommended investment which are not so high in terms of risk, that's why they'll not gonna benefit if crypto's value will enjoy a significant rise because they can't take high risk investment. I'm sure, once crypto gets more institutional investors, they'll rush their way to crypto.
Not everyone has the same sentiments in bitcoin, and obviously, a lot of people still have not realized the real value and potential of bitcoin. There is good and bad news about bitcoin that still confuses a lot if it's worth it.
Before we really see people investing in bitcoin, they need to be educated first in order to understand it. It's the same with the stock market, it is widely known by a lot of people even if they have no investment. But before they make an investment, they need to study the market first.
Before we really see people investing in bitcoin, they need to be educated first in order to understand it. It's the same with the stock market, it is widely known by a lot of people even if they have no investment. But before they make an investment, they need to study the market first.
I'm wondering why the general population hasn't yet caught on and started investing in bitcoin. These days people seem to be willing to immediately invest into the stock market, but not into any cryptos, when it has such a large potential in the future. Why is this the case?
Apparently, because Bitcoin has been in a lot of scam accusations in the past few years. Bitcoin has been in any kind of shady scheme such as Ponzi and more, that is why most people and media have negative thoughts regards upon its use. And I personally experience that though. Moreover, some government across the world doesn't give much support on it but instead, they tend to reprimand the usage if Bitcoin and the other cryptocurrencies. Therefore, investors are having second thoughts because of the scammers who use it on their scheme.
Even bitcoin is becoming more popular and is now having an improvement to it's price. Many people are still afraid in investing in bitcoin because they assume it is just a scam or a ponzi scheme and there are no any assurance when you invest in bitcoin. Some people also have difficulty, when it comes to understanding blockchain technology and cryptocurrencies.
Who said people are not investing on BTC, everyday more people are entering into the crypto market but compared to the total number of population and bitcoins existence we are still lacking decades compared to stocks.
Millennial generation investors are investing more in cryptos and in the next few years, we can see a drastic growth in crypto's market cap value.
Millennial generation investors are investing more in cryptos and in the next few years, we can see a drastic growth in crypto's market cap value.
Of course, you are right that technical things prevent some sort of old or lazy people to get exposure and experience with Bitcoin. Bitcoin is for everyone who adopt it but let's wait more significant changes and adoption from younger generations.
What's even worse, I know quite a few of those (mostly online) that despite being tech savvy, having read bitcoin whitepaper and all that stuff, they still see it as just another scam.Despite crypto being generally popular in Croatia and it can be easily bought and sold at many places, our biggest and by far most popular IT forum is full of exactly those kind of people, that are IT experts in their fields, yet they are heavily against bitcoin, and you would expect from them to understand things better than average Joe. I argued with them for years, but kinda gave up and lowered my activity there when I moved to bitcointalk.
I'm wondering why the general population hasn't yet caught on and started investing in bitcoin. These days people seem to be willing to immediately invest into the stock market, but not into any cryptos, when it has such a large potential in the future. Why is this the case?
Because investors does not see that potential in crypto yet, they are playing safe, they invest in stocks as it's more regulated than the crypto market. If we are going to weigh crypto against stocks, investors will see crypto a more risky investment compared to stocks, some even see it a ponzi scheme or you are like gambling.
There are still many people who don't know things about cryptocurrency especially if they are living in a country that banned cryptocurrency. They don't know it so they are afraid to try it, well that is what we can feel whenever there is something related happens in real life.
There are also some people who trust stocks over cryptocurrency so they choose to invest in it because of thinking that their money is safer than investing in crypto.
There are also some people who think that bitcoin is not well secured because it is decentralized, most of the people only regard legal transactions allowed by the government. The government is no place in crypto so they tend to doubt investing in it.
Thinking also that they may lose their money in crypto, cryptocurrency is volatile which means that it changes its process rapidly. If they are not that so familiar with it then they may think that they can lose their money easily.
There are also some people who trust stocks over cryptocurrency so they choose to invest in it because of thinking that their money is safer than investing in crypto.
There are also some people who think that bitcoin is not well secured because it is decentralized, most of the people only regard legal transactions allowed by the government. The government is no place in crypto so they tend to doubt investing in it.
Thinking also that they may lose their money in crypto, cryptocurrency is volatile which means that it changes its process rapidly. If they are not that so familiar with it then they may think that they can lose their money easily.
People are less inclined to invest in something they don't understand, and for many bitcoin is way too technical and out of their comfort zone.
It also partially comes from the misleading strategies of governments. They try to spread and seed the word virtual (not real) for bitcoin. They said Bitcoin or cryptocurrency is kinda virtual currency. Locals read it and feel like they never have control on virtual things. After that, many of them avoid to use bitcoin or cryptocurrency. Governments don't like things or technologies that can destroy their power.Of course, you are right that technical things prevent some sort of old or lazy people to get exposure and experience with Bitcoin. Bitcoin is for everyone who adopt it but let's wait more significant changes and adoption from younger generations.
People are less inclined to invest in something they don't understand, and for many bitcoin is way too technical and out of their comfort zone. When you add on that the fact that bitcoin investment is quite risky (at least in short term) and they keep hearing stories how bitcoin used to be 20k and now it's much lower, you get this.
What's interesting though is that to many people bitcoin is too expensive at this price but it will seem cheap to exactly same people when it reaches new ATH and then they will be willing to invest.
What's interesting though is that to many people bitcoin is too expensive at this price but it will seem cheap to exactly same people when it reaches new ATH and then they will be willing to invest.
The few people I personally know that have invested in Bitcoin is due to them having a technological background, being therefore able to understand the "be your own bank" mantra, and all that it entails in terms of tenancy, safety, legality/taxation, price fluctuation and usage. Outside that technological scope, I can’t recall anyone personally.
There’s always the invest and/or usage duality to consider, which are not incompatible, but whereby the general balance seems clearly lenient towards the former. Wasn’t the latter the intent behind Bitcoin creation (rhetorical)?
There’s always the invest and/or usage duality to consider, which are not incompatible, but whereby the general balance seems clearly lenient towards the former. Wasn’t the latter the intent behind Bitcoin creation (rhetorical)?
Aside from what has been mentioned, this will probably change in the next decade(s) as long as bitcoin still exist. Centralized services will be more regulated so that would be a trade off. But there's always an option to either mix your coins or just buy from P2P markets. There will be new generation of investors who're familiar and can use tech comfortably.
A lot of people are shockingly bad with technology. Things like Bitcoin aren’t anywhere near their radar or comfort zone.
In my experience most people doesn't want to invest in Bitcoin because they said it's scam and people using it as illegal activities. Too many exchange got hacked and scam wallet make people worried if they money will loss. Even I have gave some good suggestion to prevent it, they still didn't trust it.
Most of bitcoin holders are young-adult people (Generation X - Millennials - Generation Z) and tech-savvy person, probably the next generation many people will interested in Bitcoin.
Most of bitcoin holders are young-adult people (Generation X - Millennials - Generation Z) and tech-savvy person, probably the next generation many people will interested in Bitcoin.
They are not doing that basically because they don't share with your view that Bitcoin "has such a large potential in the future." So you have to convince them with that before they will finally take a look at Bitcoin as an investment option. But before anything else, they need to understand Bitcoin first. And even in this first step many will probably already say, "No, thanks."
The answer is simple. Investment in Bitcoin is speculative and risky, and most people avoid speculative and risky investments.
1. While the majority have heard of bitcoin, only a small minority actually knows what it's for.
2. Bitcoin is a very very unique asset with it's own separate asset class hence people are going to be heavily skeptical.
3. Bitcoin has only been around for more than a decade, whereas the stock market has existed pretty much since who knows when; hence people are more confident in investing in stocks.
4. No matter what we say about the government's quantitative easing and such, stocks are still a far less riskier investment(though of course it will depend on what specific stocks you're investing in).
5. Bitcoin, not crypto.
2. Bitcoin is a very very unique asset with it's own separate asset class hence people are going to be heavily skeptical.
3. Bitcoin has only been around for more than a decade, whereas the stock market has existed pretty much since who knows when; hence people are more confident in investing in stocks.
4. No matter what we say about the government's quantitative easing and such, stocks are still a far less riskier investment(though of course it will depend on what specific stocks you're investing in).
5. Bitcoin, not crypto.
I'm wondering why the general population hasn't yet caught on and started investing in bitcoin. These days people seem to be willing to immediately invest into the stock market, but not into any cryptos, when it has such a large potential in the future. Why is this the case?
It's because bitcoin is still fairly young market as compare to stocks. 10 years is not enough to really put it in front of social media, although bitcoin is slowly making it's marks on millennial, Young investors have flooded into bitcoin during the pandemic, while the older generation can't get enough of gold, a team of JPMorgan analysts said. And then there is the big risk involved, bitcoin is know for its volatility and most investors doesn't like an asset that moves so much, unlike traditional stock market.
I trying to promoting bitcoin to my neighbor and how to invest. Most of them rejected because some reason,
1. Does not have a legalities
2. Afraid to lose their money
3. To complicated
4. Better open a shop than invest in bitcoin
5. Hard to understand
6. No answer..
Maybe one of this reason also happened in other people outside have a similar view. Most of them doesn't know what is bitcoin and crypto. Same like me when not interest in Bitcoin 9 years ago. I think it will different if they are already makes a profit, they wouldn't just thinking about the risk because the return also worth it
1. Does not have a legalities
2. Afraid to lose their money
3. To complicated
4. Better open a shop than invest in bitcoin
5. Hard to understand
6. No answer..
Maybe one of this reason also happened in other people outside have a similar view. Most of them doesn't know what is bitcoin and crypto. Same like me when not interest in Bitcoin 9 years ago. I think it will different if they are already makes a profit, they wouldn't just thinking about the risk because the return also worth it
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