The status quo is so because change is slow. People transition slowly from standard to standard because of various factors, whether it be biases, pressure, necessity or accessibility. For example, consider the fact that the market cap of Bitcoin is paltry when compared to that of the top 10 companies by market cap: Apple alone has 10 times BTC's market cap.
Now, although you might agree with the current BTC market cap valuation but most people who don't use the currency will look at it with much more skepticism. Therefore, they may consider the true market cap value to be much lower on behalf of manipulation, high expectations or otherwise. Investing in that, and seeing that there are possibilities of double-digit percent swings is difficult. Plus, everyone is telling you to play the conventional route, whereas Bitcoin looks like a black sheep.
Topic: Why don't more people invest in btc? - page 3. (Read 493 times)
Investors have different insights when it regards investment either stock or Bitcoin.
They know that Bitcoin is more volatile than stocks and those who are willing to take a high risk and have potential high profit, they will choose Bitcoin. Because there is a potential for sudden growth and on the opposite side of sudden loss.
I don't know why you are saying this without proof that Bitcoin investment hasn't yet on the mainstream. Bitcoin was now competing with the gold and the stock investment worldwide.
They know that Bitcoin is more volatile than stocks and those who are willing to take a high risk and have potential high profit, they will choose Bitcoin. Because there is a potential for sudden growth and on the opposite side of sudden loss.
I don't know why you are saying this without proof that Bitcoin investment hasn't yet on the mainstream. Bitcoin was now competing with the gold and the stock investment worldwide.
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?
They trust more stock market because it's been existing for a long time. While bitcoin, it's still young and many have used it to scam people. The impression of those people who have read the news is that bitcoin was used for scamming or illegal activities.The main context that they get is that bitcoin is the actual scam and money of illegal doers. They are not willing to learn more about it because they get that very first impression that they've read or heard from the news and won't get through facts and are fine to listen to negative news than what bitcoin really is and its true potential.
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?
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