Why people are afraid on investing to bitcoin? - page 3.

kawetsriyanto

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Quote from: Zionatin on June 01, 2020, 06:24:26 PM

People are often afraid of new things.

Is Bitcoin a new thing? Or those people are newcomers in Bitcoin investment? Cheesy

There are a lot of sources to learn about Bitcoin investment nowadays. You can find them by googling, asking experienced investors directly, buying books about Bitcoin investment (if available), or other else. Being afraid or not should also depend on your knowledge of digital investment. If you already have experience in digital investment, I am sure you won't be so afraid to invest in Bitcoin.

Zionatin

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People are often afraid of new things. When those new things include them risking their hard-earned cash on them then people are even less likely to take the risk. I think bitcoin is mostly for those who believe in the future of the technology and those simply looking for better payment methods meaning they will be paid in bitcoin instead of holding fiat. That is a risk in itself but I think people are more inclined to do that since these days you can withdraw in many payment methods. I know I use bitcoin for that reason and more.

AmoreJaz

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Quote from: mycryptocoin on June 01, 2020, 10:40:16 AM

Quote from: BlackHatCoiner on May 27, 2020, 08:34:43 AM

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?

Why don't you consider buying BTC at 19600 at the end of 2018 and the current price of BTC in June 2020 - that is, about 2 years later, it's just about $ 9000 - you have lost 50% of your assets after 2 years? The price of BTC fluctuates every minute and it is influenced by many factors. Since prices are determined by the market, investing is a risky business, including investing in Bitcoin. Therefore, be careful with your decisions

thats the risk involved in a very volatile industry. so before you invest you should prepare yourself for any losses that you will encounter in this type of investment. also before anything else, you should educate yourself about cryptocurrencies and the risks involved. investing blindly will totally make your life a mess. and blame bitcoin or crypto for nothing.

so yeah, many people are still afraid on investing btc because of ignorance about it. without the right knowledge, you cant jump on this volatile market.

xiboothrezi

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Quote from: qory on June 01, 2020, 10:04:07 AM

Some one do not know details how bitcoin is it and how to get profit with bitcoin as investment way or only for trading, many people still confused with bitcoin how come could higher suddenly and worried when hearing with bitcoin have down. Maybe after investing in bitcoin make price dump and looks serious problem for beginner to start investing with bitcoin, if some one brave to get risk with investment project they will nothing to try invest on bitcoin and altcoin during keep take management risk and always get profit.

This is the most common reason. Fear of trying because of great risk, afraid of trying because of lack of knowledge and experience. In fact, if we don't try it, we won't know what new experiences we will get. The important thing is we want to learn and try to get the opportunity. Well, everyone has their own comfort zone, and we can't force it.
After all, cryptocurrency is not a simple thing that can be learned quickly, it takes a long time and a long process to really understand this. Then it will be very risky when someone comes here because they are interested in instant profit, not that easy.

mycryptocoin

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Quote from: BlackHatCoiner on May 27, 2020, 08:34:43 AM

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?

Why don't you consider buying BTC at 19600 at the end of 2018 and the current price of BTC in June 2020 - that is, about 2 years later, it's just about $ 9000 - you have lost 50% of your assets after 2 years? The price of BTC fluctuates every minute and it is influenced by many factors. Since prices are determined by the market, investing is a risky business, including investing in Bitcoin. Therefore, be careful with your decisions

qory

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Some one do not know details how bitcoin is it and how to get profit with bitcoin as investment way or only for trading, many people still confused with bitcoin how come could higher suddenly and worried when hearing with bitcoin have down. Maybe after investing in bitcoin make price dump and looks serious problem for beginner to start investing with bitcoin, if some one brave to get risk with investment project they will nothing to try invest on bitcoin and altcoin during keep take management risk and always get profit.

Zackgeno96

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Quote from: BlackHatCoiner on May 27, 2020, 08:34:43 AM

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?

The thing with bitcoin is that it is highly volatile and people are always inclined to the negative side of volatility, they always think that the bitcoin price can drop very fast and they will loose everything that they invested in it. But they always forget that they can also win huge amount of return if they invest in bitcoin, that they can't even get by investing in anything that is regulated by the government or even by gambling. So i guess those who take the risk of loosing everything wins big all the time.

Quote from: ?? on ??

I am not the first to express such an idea, and I also think that the whole thing is that some people do not understand what cryptocurrencies are and what can be expected from them. Therefore, people are afraid to invest in something that they don't understand.

The public isn't afraid of crypto, they are afraid to invest in crypto because of the government and what it says about the cryptocurrencies. Also the big investors like Warren Buffet have publicly said that they will never invest in crypto.

Reatim

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Quote from: ?? on ??

I am not the first to express such an idea, and I also think that the whole thing is that some people do not understand what cryptocurrencies are and what can be expected from them. Therefore, people are afraid to invest in something that they don't understand.

Not only because they don't understand but it is about the Bad image of cryptocurrency from the News and other social media outlet,from bitcoin to altcoins crypto has been exposed in so many bad reputation things that normal people keep on mind so they deny investing in this market.

How will you invest in Scams and Fud?this is what many says but not until there are some people around them that can prove about the legitimacy and the income they got in this market.

i have the same thoughts back then when this was first introduce to me,and the realization comes almost late that i have invested when the price already reached 5 digits and this is what is my biggest regrets in life.

bitbunnny

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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.

witcher_sense

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Quote from: ?? on ??

Although cryptocurrencies are appearing more and more frequently in life, for most people, blockchain, Bitcoin, and cryptocurrencies are still very strange things, plus some altcoin scams, and the ban on bitcoin in certain countries, I think these reasons are why people are afraid on investing to bitcoin.

The fact that some altcoins (actually almost all of them) are scam doesn't make bitcoin a bad asset to invest small percentage of funds in it. Some people understand the blockchain technology, some do not, but that is not the main reason why people still afraid of it. The reason is that people in developed countries don't feel the need to invest in an asset that is not part of the traditional monetary system, this system completely suits them. Countries in which bitcoin is "banned" either have unstable economic situation or totalitarian governments. People in there aren't afraid of investing in bitcoin, bitcoin for them is a store of value, an asset that can't be debased by inflation, can't be controlled by evil governments, can't be easily confiscated. They are investing not in the technology, they are investing in financial freedom.

Kelvinid

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If it's a legitimate investment and not a bubble asset then most probably it is a safe storage of money but we've seen stock market plunge even going negative value such as Oil despite being considered as stable asset.
So in my opinion, this depends on how much you're willing to invest and you know the risk involve.

Seeing the risk involved in Bitcoin investment will bring people's minds out of it and then skipped. I understand the assurance is slim and investors will think differently as they heard about a scam and huge losses of the others. These things trigger a negative impact on their mindset and the sad thing is that they close the best opportunity in their life.

Thus, if we push through this kind of investment, we should have to think deeply and are able to face the consequences that we might encounter along the way. Otherwise, we become a loser just like many others did and lose our money.

ChiBitCTy

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Quote from: BlackHatCoiner on May 27, 2020, 08:34:43 AM

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?

Yes, you are. There’s no such thing as a guaranteed thing when it comes to investments, and this is technically not even an investment for starters. It’s become one however like any currency, but much more volatile.

Most people are scared about any investment at all..mutual funds, bonds, stocks etc. Lack of financial education is the main reason people are afraid to invest. The majority of people would prefer keep their money at some big scammy bank like Chade making next to nothing because they feel it’s safe and it helps them sleep at night. Bitcoin is a new technology and very confusing to most people.

suvo05

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Quote from: reliable on May 31, 2020, 08:50:13 AM

Bitcoin will continue to be volatile and for that matter entire crypto currency is being highly volatile. But if you buy on dips and hold it then surely in future you will be able to make money from it. Also have the proper strategy which will help you to have short- and long-term goals and diversify in different coins. Bitcoin is the top coin and will remain for coming years and if it has to make money they need to stay invested in this coin.

It's easy to instruct to buy on dips and sell at high. But practically it's not that easy.

Quote from: BlackHatCoiner on May 27, 2020, 08:34:43 AM

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?

It's stupidity to invest that much money in a single asset. It's actually not an investment strategy but a betting strategy.
You have not clarified that at what price you will sell? And if it continues to drop then how long you can wait? It is not easy for everyone to hold forever.

Asuspawer09

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Quote from: BlackHatCoiner on May 27, 2020, 08:34:43 AM

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?

Just practical, people are just afraid to invest in bitcoin because that market could easily be a dump and they just never know if the market is going to recover anymore.

Also investing in bitcoin is going to take time before you could earn a profit if you're unlucky for example you're going for a long term investment a lot of people is not going or cannot wait for the market make the pump so every investor is considering selling their investment even for low profit or even if they already lost money they just pick not to invest because it was just as risky or they selling their investment because the market is already dumped and afraid of losing a lot more.

BayAreaCoins

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It's mindboggling how fucking stupid people are.

"If you buy $1 million at $9000 you must profit... am I right?"

Fuck no, you're wrong and stupid as fuck. have a nice day.

reliable

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Quote from: ?? on ??

Bitcoin is too volatile. It goes up and down unexpectedly, this tendency makes bitcoin risky. Conservative investors aren't ready for that.

Bitcoin will continue to be volatile and for that matter entire crypto currency is being highly volatile. But if you buy on dips and hold it then surely in future you will be able to make money from it. Also have the proper strategy which will help you to have short- and long-term goals and diversify in different coins. Bitcoin is the top coin and will remain for coming years and if it has to make money they need to stay invested in this coin.

verita1

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The main reason why people are afraid to invest in BTCitcoin is volatility and ignorance. Because if they learned a bit about this technology, volatility would not be a reason, there is another reason like banning the economy with Bitcoin in some countries. If the government does not endorse Bitcoin then there are no citizens who are interested. Only the most daring, curious who decide to learn manage to achieve the benefits of investing in Bitcoin.

princesspoppy

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I see the risks of losing money isnone of the reasons why people are afraid to invest in bitcoin. The volatility of it is too high where it can drop to a very low price any time. You'll say that just keep holding till the price pumps up again but the problem is, not all people can wait for so long. There are many people investing in bitcoin for short term, they see the opportunity to make money from it due to the same high volatility. One more thing is that, there are people who do not have money to invest in bitcoin and not because they are afraid to invest. The capital is really important in investing.

abhiseshakana

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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.

Alert31

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Everyone has it's own reason why they invest in bitcoin and everyone has a different mindset and capital to invest. Investing in bitcoin is volatile and if you don't know how to play the market ,i am sure you will lose your investment. That's why people are afraid because investing in bitcoin is risky and you need to have more patience and knowledge about it.

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