Why people are afraid on investing to bitcoin? - page 4.

Assface16678

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Today many people are getting afraid to make an investment on bitcoin because they don't know about this coin and because of the movies, they are viewing some of those are about technology and hacking like the use of the deep web at the dark web too so the people see that they are using the bitcoin as the transaction so they see that the bitcoin is kind of coin which is not good for the typical users so they are afraid to use this kind of coin. Now we are heading towards the technology and innovation so many people now are starting to use the bitcoin because they see the potential and the benefits of the bitcoin. But still, you always take care of the use of it because the market is volatile there is a chance that you miss out on your money and loss a lot. Knowledge is the most key you wanted to have to avoid losing your funds.

Quote from: carlisle1 on May 31, 2020, 01:32:59 AM

Quote from: verita1 on May 30, 2020, 04:28:13 PM

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.

But the problem is they were being lured here in crypto because of promises to make easy money while the truth is there is no such thing like that unless you are lucky enough to have a chance investing in a currency that will be pumped by whales soon after buying.

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.

But if you got a chance to invest while the price is low and sell when it is high?does volatility hinders them?

The problem here is people look about the volatility whenever the price is falling but not thanking this when they are profiting.

Many people making investment while the market price of the coin falls down which is a good opportunity to make an investment and earn a lot of money but always take care about the market traps most of the time when the bullish comes out into the longest run it will cause of short or selling immediately.

devindeysel

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To answer your “Why”, I have few points to discuss.

Insufficient knowledge of crypto
Incorrect knowledge of crypto(That’s even lethal)
When one is not aware of what crypto is, a fraud news report would call it a bubble and boom! They have made a false image of Crypto in your mind.
Nobody, embrace the change. And when the technology is knocking their door, they are busy with their old mentality.
Investors want to make quick money from Cryptocurrency without loosing a single penny. This lack of patience leads to uncertainty. Hence, they end up criticising the crypto and not investing on it.

I have a firm belief, Cryptocurrency is our future and It has already entered into this world. It’s roots will only grow deeper and deeper with time.

carlisle1

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Quote from: verita1 on May 30, 2020, 04:28:13 PM

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.

But the problem is they were being lured here in crypto because of promises to make easy money while the truth is there is no such thing like that unless you are lucky enough to have a chance investing in a currency that will be pumped by whales soon after buying.

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.

But if you got a chance to invest while the price is low and sell when it is high?does volatility hinders them?

The problem here is people look about the volatility whenever the price is falling but not thanking this when they are profiting.

virasog

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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?

Some people do not have the holding power. If they buy bitcoin with the hope of gaining profit, they want that bitcoin should pump quickly so that they can cash out profits. But if the bitcoin dumps and they do not have the power to hold (due do financial issues), they sell it in loss. That's why it is recommended that we only put small portion of our saving in bitcoins but for long term.

Fiorellas

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The five risks of investing in bitcoins, according to the CNMV
Unregulated space. ...
Problems derived from the cross-border nature of the phenomenon. ...
High risk of loss of invested capital. ...
Liquidity problems and extreme volatility. ...
Inadequate information.

Becky666

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Some of my friends aren't interested into investment in Bitcoin because they're impatient when we talk about investment. We'll know how the world of Bitcoin is, for investors, you must be a holder on a long-term and not just buy today and expect the huge profits tomorrow. Bitcoin is good for investment if the funds going into the investment are not needed for use. A little hold in some satoshi can actually give anyone some good profit in return. Am a trader and a holder at the same time and not afraid to invest into Bitcoin.

drumamat

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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 more bitcoins you have in your account, the more naturally you can earn. But do not forget about the fact that the prices can not only rise but also fall very quickly. Specifically if we take your example that investing a million dollars in bitcoin should be expected in any case only to increase your income. Bitcoin was able to please many people and ruined many. This should be taken into account when investing. Personally, I try to buy a little bit of bitcoin every month, regardless of its price.

South Park

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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?

One of the most common reasons why people do not invest in bitcoin is because they find the volatility to be too extreme, a significant amount of investors are conservative and they are fine earning 5% to 10% per year and something like bitcoin that can make moves like that in a single day or even in a single hour scares them away, they want consistent profits over a long period of time and while bitcoin can also offer that we cannot deny that it is a roller coaster and many investors do not want.

Chrystora123

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Omicron is another FUD

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

snip..

people are afraid to invest in Bitcoin because they don't get more knowledge about Bitcoin, less knowledge about Bitcoin is what causes people to hesitate to invest in Bitcoin.. You are right that the possibility of Bitcoin to be in an ever-increasing price is huge but not all believe in that. I am tired of telling the potential of Bitcoin to my friends that Bitcoin will be worth more than $ 25k in the future, I will not waste my time again to explain to them..

GDragon

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Quote from: jostorres on May 27, 2020, 01:31:54 PM

I made it clear to him that it doesn’t work that way, and you will have to invest and hold for a long time before the price goes. He agreed and invested some money, but I was surprised he started calling the next two days after the price of Bitcoin dropped and complaining to me. I reminded him of what I told him that Bitcoin is not about quick profit and any money you invest should be something you’re ready to risk in the market. So most people just want quick profit and that’s why they keep whining.

Classic. This story is always about those friends calling us for advice to help them invest in btc. Some didn't even understand our explanation about the investment taking some time. I think if a friend ask me again about investing, one help I'll do is make him watch and read anything about bitcoin, I'll make sure he really understands what he's getting into. I'll explain again and again that it will take some time and pls have patience. Some are interested only because of halving too. Well, to be fair we can't really told them to not feel scared because its their money, but I hope their anger will not be pointed towards us because they have been warned and it wasn't our fault too. All we need is patience.

seoincorporation

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But there is always the risk of a massive drop, buy it at $9k and see how it goes down to $3k is really cruel, we could lose that 60% in less than 24h, i think that's why people still afraid about investing in bitcoins. This is a high risk investments, but not all the people can take the risk.

Taskford

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Quote from: yazher on May 30, 2020, 01:27:13 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?

It's not sound that easy man, you may think buying that big amount will not take you to risk your money, you're wrong. that will make the price in the market rise. In the second though they are not afraid because they don't know what will happen if they invest in it. the only doubt here is if they will get the target income at the right time because these guys most of the guys that afraid to invest are those who need to use their money again to invest in different things. those who have extra money are free to this thing and they can wait up to how many years for the price to increase.

Imagine how big the amount he lose even if the movement is low for buying such huge amount of bitcoins for start, for sure the newbie that will handle that scenario will get rattled and will think about dumping since he will get panic for his money to get drained, Maybe a low amount a good start for their journey so if their money get burned they will learned on why those things happen and they can stand up again and try another strategy to gain on bitcoins.

cheezcarls

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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?

Recently, my friend wants to buy Bitcoin and Ethereum and needs my advice. However, he was a bit afraid because the price already went up high and a possibility of getting rejected by the resistance. Like I told him before, invest and trade at his own risk because this is a big emotional test for us in case the price goes the other way around.

We can be afraid sometimes, it's part of the journey. Expect the unexpected. If we think about long-term and believing in the success of Bitcoin, there's no reason for us to be afraid even if it goes down without warning.

yazher

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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?

It's not sound that easy man, you may think buying that big amount will not take you to risk your money, you're wrong. that will make the price in the market rise. In the second though they are not afraid because they don't know what will happen if they invest in it. the only doubt here is if they will get the target income at the right time because these guys most of the guys that afraid to invest are those who need to use their money again to invest in different things. those who have extra money are free to this thing and they can wait up to how many years for the price to increase.

carlisle1

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Quote from: seoincorporation on May 29, 2020, 05:35:18 PM

But there is always the risk of a massive drop, buy it at $9k and see how it goes down to $3k is really cruel, we could lose that 60% in less than 24h, i think that's why people still afraid about investing in bitcoins. This is a high risk investments, but not all the people can take the risk.

That is the problem if the investors don't know what is this market and how this goes because for sure those kind of dip will made their mind shaking ,there are some people here that made those things Big deal when the truth is if you can at least wait for some time?they can recover from that dump.

Lets look what happen if You bought at 3k$ and hold until September Last year when Bitcoin go tall at $14k?
so the scenario will change that you will be attracted because you'll see it can make you richer?

ethereumhunter

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Quote from: seoincorporation on May 29, 2020, 05:35:18 PM

But there is always the risk of a massive drop, buy it at $9k and see how it goes down to $3k is really cruel, we could lose that 60% in less than 24h, i think that's why people still afraid about investing in bitcoins. This is a high risk investments, but not all the people can take the risk.

I guess we can consider that is a little shocking for us Grin

That is what happens in the crypto world because no one will know what will happen in the next 24h. But the dumps will not stay for a long time because after that moment, the bitcoin price will try to increase to the last time of the higher price. So we will have the opportunity to make a profit from the next few hours.

crustycrab666

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

Because someday it will pass that number and you will have profit. Am I wrong?

Based on my experience, some people feel worried and afraid to invest with bitcoin because they do not fully understand the world of crypto. Volatility is indeed a big risk, but it can be predicted and analyzed using existing indicators and analytical techniques. For those who like challenges, you will definitely find fun here.

Correct. One day it will indeed rise.
But when?
can you survive the sudden storm?
or can you survive if there is an unexpected event like this pandemic?
That is why we need analysis. Not just waiting with the expectations that existed in wishful thinking. We must strengthen it with analysis and continue to monitor news developments.

metenjean

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Depend with how much money do you have I think why many people afraid for investing in bitcoin or altcoin, some one just have enough money always take care when investing in bitcoin or altcoin although worth with higher price and get much profit, but when their investing on altcoin bad thing with lower price how come to recovery their lost with enough money only, maybe for bigger investor could recovery from other source income.

GDragon

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Quote from: Latviand on May 29, 2020, 07:32:09 AM

Quote from: AakZaki on May 28, 2020, 05:43:08 PM

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 right, you will get profit by buying 100 BTC at a price of $ 9000, but with one price bitcoin must exceed your current purchase price. need to remember the price of bitcoin is very volatile, you can lose and can also profit. depends on how you do bitcoin purchase management. Don't buy bitcoin at just one price, it's best to buy gradually at a pretty cheap price. don't do anything stupid by buying at expensive prices and selling them at low prices. Because many novice traders or investors do that because their mentality is not ready with the bitcoin shocks.

When we say bitcoin, automatic, the first thing that will come to our mind is volatility. The profit depends on your strategy and manipulation depending on the market situation, in order for you to become an effective bitcoin fan, you need skills and control. You need experience so that you know how bitcoin works and by that, you'll not be afraid to invest huge amount of money.

Agree with the volatility. Here's what I do, I used the money that I don't really need to use in months. I just forget that the money exist in the first place, so if the price of btc goes down the following days, I don't really worry, I know that it will soon get back. I will wait for the right time to sell it. So it is important that you are not expecting to get a result in weeks or in days.

I think some are using money that they really need to use days after, they will be really scared if the price went down after they bought. No one should expect to earn as soon as possible.

pixie85

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Quote from: adzino on May 29, 2020, 10:38:40 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?

Probably because of the negativity most of the media which are controlled by the government spreads. Again, there are people who are willing to take the risk of losing anything. They want to be able to cashout their profit anything without loss. The risk takers don't mind investing on bitcoin. And finally, there are people who think "bitcoin" and blockchain technology is too complicated, hence avoiding it.

There are two types of investors those who want to play it safe and those who like to gamble and know that reward is usually proportional to the risk. Bitcoin is a high risk and high reward investment and many people see it and try to get more whenever they can.

It's normal that safe investments like bonds that barely pay anything are more popular among people bacause they are afraid of the risk and want to be able to say that their money is working for them and that they have some "investments" but they don't get that an investment with 1.5% yearly profit is a joke.

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