Topic: Why people are afraid on investing to bitcoin? - page 2. (Read 1762 times)
It's actually a good question. I'm a newbie here but I found this article about cryptocurrency https://primexbt.com/blog/make-money-with-cryptocurrency/ very interesting. Actually there are a few ways on what to do with crypto. I'm gonna spend some money and check the result. What do you guys think?
People who are investing in stable assets just afraid of 10% per day movements. Such a great volatility keeping away conservative people
It is not wrong with your way of thinking, we are only doubtful about the future of bitcoin. Therefore many people are afraid to
invest in bitcoin. Actually, if we are confident in the future of bitcoin and have the patience to wait for the price of bitcoin to rise,
then the big profit is certain can be obtained from bitcoin.
invest in bitcoin. Actually, if we are confident in the future of bitcoin and have the patience to wait for the price of bitcoin to rise,
then the big profit is certain can be obtained from bitcoin.
Possibilities for those people who indeed have good patience to wait and have a good trust to follow bitcoin future
investors who knows how to estimate and have a good insight to this investment.
You will only doubt or be afraid if you don't have enough knowledge in any investment that you will take, but as
long as you understand well there's nothing to be afraid.
Keep in mind that in every investment to take you have to accompanied things with good understanding as it
will helps you to stay with what you are aiming to achieved.
If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?
I think that there are many people that is scared or afraid at investing into cryptocurrency because they are fearing that they might lose money once they will invest in cryptocurrencies because I think that they are making sure that they will not lose money from not trusted ways of earning money in bitcoin and they are traditionally hooked into investing in real estates because they are sure with that but I think tsht they are fearing at missing out in bitcoin because earning is easy with that and I hope that I can earn more with bitcoin legendary
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There are many reasons why people are afraid in investing on this asset. I will cite some of it.
1. Volatility - We know already what volatility can do to our money especially for newbies out there who are just investing their money without proper knowledge. Many investors have been burned up because of this feature of Bitcoin. Because of this, many are thinking twice into investing on this or they will just invest into other assets out there which are less volatile.
2. Scams - We also know that Bitcoin has been used by scammers to scam other people. Some people also knew Bitcoin as a scam as they just saw it on news or different articles online hence, this is the one of the reason why people are afraid because they are afraid to get scammed. This can be prevented with proper knowledge.
1. Volatility - We know already what volatility can do to our money especially for newbies out there who are just investing their money without proper knowledge. Many investors have been burned up because of this feature of Bitcoin. Because of this, many are thinking twice into investing on this or they will just invest into other assets out there which are less volatile.
2. Scams - We also know that Bitcoin has been used by scammers to scam other people. Some people also knew Bitcoin as a scam as they just saw it on news or different articles online hence, this is the one of the reason why people are afraid because they are afraid to get scammed. This can be prevented with proper knowledge.
If things are going like what you say, everyone can earn profits by investing in BTC, that's impossible.
"Don't be too greedy" - this is the lesson I learn from the history.
"Don't be too greedy" - this is the lesson I learn from the history.
From my experience with people I know and have met in this sphere, it's a combination of people not fully believing in the long term viability of the coins and or the stupid comments of things like "it's only used by criminals blah blah" that makes them not want to stay in it for the long haul. The media hasn't helped in pushing certain negative stories or making it seem like it's this spooky thing the average person should be wary of, as opposed to promoting it as a very viable source of wealth and a way to change the world.
Yup, Bitcoin has this image of being used illegally, some people who aren't aware or doesn't have additional knowledge about btc tends to believe this and we can't fully blame them, btc has history of it being used in that way. That's why they are scared. And we know that btc isn't only about that, its just an event and history. Fiat currency can also be used illegally. However, people has this image of btc in their mind so it is our responsibility to spread knowledge and facts about btc so they can learn from us, and hopefully we can still change their idea of btc and cryptocurrency.
If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?
If I have that amount of money I would never spend it in just 1 buy order. I would divide my capital into 2-3 so even if the price goes down I can still buy at that price. Don't be so confident that it will surely go up because you don't know when would that happen. You bought bitcoin to earn profit not to become a hodler for a long time.
Well, the risk is always present and it's not that easy to invest a million dollar to Bitcoin if that's all of your money. But for those who knows what is the risk factor and how to minimize it will surely gonna invest their million dollar money once they understand what they are going to invest. And if you don't understand a thing about Bitcoin then why bother to invest a large amount of money? Just like what they said, in order for you to make a profit you have to understand what you are going to invest.
There is risk when you invest. Some people do not understand the volatility and afraid that may loss a lot when the dip continuous without knowing that is is really the good opportunity to buy coins. Taking bitcoin is better than other cryptocurrencies and much safer. People should be aware how it really works.
They usually preferred to the stock market with lesser risk than having crypto. Well, it is to understand how they first look to the market and never appreciate it but that was their mistake as they close the door for the best opportunity to come. But anyway, we have also realized that not all are risk-takers and surely those have not gutted for this will actually leave and find a better place to stay. The sad thing is that bad/fake news is in great influence on the people around and it can affect their mindset which they will think that crypto investment is can't be trusted (which they are wrong).
I think it is not that they are closing the door to this opportunity but they are afraid because it is new to them and they don't have any idea what to expect. If there is something new in the market, usually, you will let others to test it and wait for the feedback of those who have tried. Unfortunately, when it comes to crypto trading, you will read a lot of negative views or experience because of bad experience of those new traders. So they thought that their investments are really not safe yet on this volatile market.
There is risk when you invest. Some people do not understand the volatility and afraid that may loss a lot when the dip continuous without knowing that is is really the good opportunity to buy coins. Taking bitcoin is better than other cryptocurrencies and much safer. People should be aware how it really works.
They usually preferred to the stock market with lesser risk than having crypto. Well, it is to understand how they first look to the market and never appreciate it but that was their mistake as they close the door for the best opportunity to come. But anyway, we have also realized that not all are risk-takers and surely those have not gutted for this will actually leave and find a better place to stay. The sad thing is that bad/fake news is in great influence on the people around and it can affect their mindset which they will think that crypto investment is can't be trusted (which they are wrong).
It is not wrong with your way of thinking, we are only doubtful about the future of bitcoin. Therefore many people are afraid to
invest in bitcoin. Actually, if we are confident in the future of bitcoin and have the patience to wait for the price of bitcoin to rise,
then the big profit is certain can be obtained from bitcoin.
invest in bitcoin. Actually, if we are confident in the future of bitcoin and have the patience to wait for the price of bitcoin to rise,
then the big profit is certain can be obtained from bitcoin.
There is a risk when you invest. Some people do not understand the volatility and afraid that may lose a lot when the dip continuous without knowing that is is really a good opportunity to buy coins. Taking bitcoin is better than other cryptocurrencies and much safer. People should be aware of how it really works.
volatility is often the main reason why some people avoid bitcoin. this is normal, I also had doubts, until my friend guided and helped me adapt to the world of cryptocurrency. Besides volatility, there are other factors, namely a lot of negative news related to bitcoin, the media often produce hyperbole. I realized that after reading and learning more about bitcoin.so in fact, knowledge is the key to whether we are willing and able to accept bitcoin as an alternative to investing and earning money. big risk due to high volatility, but that can be minimized by doing a market analysis.
You have to admit that investing in Bitcoin is risky. It's not like you are guaranteed you'll make profit.
Also, in the time of crisis that is knocking at our door people are even more careful and that is easy to understand.
However, it's also true that many people still don't know much about Bitcoin and cryptocurrencies and it's well known that people are afraid from unknown. Education and raising awareness about good sides of Bitcoin, that is what we still miss.
There is risk when you invest. Some people do not understand the volatility and afraid that may loss a lot when the dip continuous without knowing that is is really the good opportunity to buy coins. Taking bitcoin is better than other cryptocurrencies and much safer. People should be aware how it really works. Also, in the time of crisis that is knocking at our door people are even more careful and that is easy to understand.
However, it's also true that many people still don't know much about Bitcoin and cryptocurrencies and it's well known that people are afraid from unknown. Education and raising awareness about good sides of Bitcoin, that is what we still miss.
The fact that bitcoin is volatile, they're scared of investing in having a negative thought of price dropping.
People are also not aware of what's the technology behind bitcoin, blockchain. They aren't aware that blockchain was one of the powerful and modern technology that should we adopt right now.
People are also not aware of what's the technology behind bitcoin, blockchain. They aren't aware that blockchain was one of the powerful and modern technology that should we adopt right now.
From my experience with people I know and have met in this sphere, it's a combination of people not fully believing in the long term viability of the coins and or the stupid comments of things like "it's only used by criminals blah blah" that makes them not want to stay in it for the long haul. The media hasn't helped in pushing certain negative stories or making it seem like it's this spooky thing the average person should be wary of, as opposed to promoting it as a very viable source of wealth and a way to change the world.
At first, I thought bitcoin was only used in illegal transaction but then I tried to study about it and I didn't regret me entering this crypto world, it has so many knowledge.
From my experience with people I know and have met in this sphere, it's a combination of people not fully believing in the long term viability of the coins and or the stupid comments of things like "it's only used by criminals blah blah" that makes them not want to stay in it for the long haul. The media hasn't helped in pushing certain negative stories or making it seem like it's this spooky thing the average person should be wary of, as opposed to promoting it as a very viable source of wealth and a way to change the world.
At the end of December last year, I informed one of my buyers in Vietnam that I received payment via bitcoin. Immediately my buyer asked if I really knew what bitcoin was? And I answer with confidence. My buyer feels that I took the wrong step. He explained about the Bitcoin roller-coaster which touches the lowest number. All he remembers is the price of bitcoin when he touches the number and the price of bitcoin when he touches the lowest number.
The thing that causes people to be afraid of investing in bitcoin is that it doesn't suit their character and they are afraid to take risks and get out of their comfort zones.
And this is fine, there are different profiles of investors, for example someone that is reaching retirement age should change his portfolio and add the safest options to make money in the markets, this is because if there happens to be a downturn in the market this person does not have the time to recover the losses and hold his assets for long, but someone that is young can take more risks and something like bitcoin could be more appropriate for him, this is probably one of the reasons bitcoin attracts younger investors instead of older ones. The thing that causes people to be afraid of investing in bitcoin is that it doesn't suit their character and they are afraid to take risks and get out of their comfort zones.
Sadly in today's market everyone is investing looking for short term profits they don't hold for the long run and this not only applies to bitcoin but also all altcoins
People must have faith, that faith in crypto is yet to be restored
People must have faith, that faith in crypto is yet to be restored
That's the advantage of altcoin when it comes to the timeframe of profits compared to bitcoin. There are some people that invest in various altcoins such as trading when they see the opportunities when an altcoin is about to be bullish, I can say, it isn't bad for bitcoin because most of the time when bitcoin is being hyped, these traders are returning back to bitcoin to join the train and earn. For me, as long as people are putting value to cryptocurrency, bitcoin, the same as altcoin is benefiting in their market cap.
Sadly in today's market everyone is investing looking for short term profits they don't hold for the long run and this not only applies to bitcoin but also all altcoins
People must have faith, that faith in crypto is yet to be restored
People must have faith, that faith in crypto is yet to be restored
If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?
With that amount of money to be use on investing, it is best to put only small amount for bitcoin and use some in mining instead rinking with that amount. So theres a win win because you can sell the Nvidia on some gamer. Because you dont need to check how deep it is using two feets .
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