Why people are afraid on investing to bitcoin? - page 6.

Reatim

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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?

I thought that the example closes to the term "Afraid on Investing Bitcoin"

But in a certain thing?Yes you are perfectly right because for more than how many times that Bitcoin had already proven that every Fall in price there will surely coming Hype and many of us already profit on that(but there are also many whos been trapped since 2018)

What is important here?that we knew the risk and we also afford to lose ,and the most important thing?is we can wait and won't get greed and demanding because Volatile market deserves patient and support.

Sayma83

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Iqcash

No, you are right This is the rule of general trading or crypto. Most of the people in the crypto world make a lot of money this way. Anyone who buys 100-200 Btc will wait to grow, sell when it grows and make a profit

AniviaBtc

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Quote from: Kelvinid on May 28, 2020, 06:12:48 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?

You should have to make it otherwise, you will lose. But the question is how long? It is so unfortunate that some people put their money at risk in crypto for they think that it will multiply soon but deliberately they become stupid because they also sell it when the market showing some declines.

Maybe OP if you have the guts to invest that big amount in Bitcoin and make it possible to hold waiting for a better price then it is good for you but if you're not, I'm afraid to see you dump your Bitcoin first in the market. It was clear enough to see a huge risk here and those people who are willing to take the risk will absolutely get their prize in the end.

Because for me, based on my observation, there are people who are ignorant about what bitcoin can do to their money. They don't know how bitcoin works in the market so that they have no idea that this cryptocurrency can give them huge profits that they can use for them to grow. They are scared to try and they doubt bitcoin because they think that it is a scam and you will just lose your money if you invest to that.

Invest what you can invest or as long as you have enough money, try to manipulate your bitcoin properly or teach other people to know what can bitcoin do with their money. Promotion will really improve mass adoption in bitcoin as we try to support and guide those people who are interested in bitcoin but don't know how to start.

Kelvinid

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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?

You should have to make it otherwise, you will lose. But the question is how long? It is so unfortunate that some people put their money at risk in crypto for they think that it will multiply soon but deliberately they become stupid because they also sell it when the market showing some declines.

Maybe OP if you have the guts to invest that big amount in Bitcoin and make it possible to hold waiting for a better price then it is good for you but if you're not, I'm afraid to see you dump your Bitcoin first in the market. It was clear enough to see a huge risk here and those people who are willing to take the risk will absolutely get their prize in the end.

AakZaki

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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 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.

harizen

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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 about being afraid but people have different preferences and financial status. You can't just easily say to others that they need to risk their money today as it will be rewarded in the future by 100% chance.

For preferences, others are not into hodling for a long period so they will just do some actions, whether to buy or to sell, if they think it's the best time to do. Day traders are like this or those who want to take advantage of the price swing. Others are also not comfortable in taking such risks of putting large amounts in one big push.

For financial status, some can't even afford to buy bitcoin in fraction, so in here, they like to use their money wisely and they will just wait if it's reasonable to buy bitcoin.

Freddy11

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Yes, there are people who are worried about making an investment in the Bitcoin. However, it is not just to do with the uncertainty over price, but it also is connected with the way people go about purchasing. I am comfortable with it due to the facility of Buy Bitcoin With Bank transfer. It is simple, straight forward and comfortable with Rocketbit, which is one of the best places to be at for buying Bitcoin with all these benefits and comfort.

pixie85

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As you can see people who bought at 9000 dollars last week already got profit. I'm sure Bitcoin will not stay at 10 thousand but one day be worth much more, even if it only happens in the form of another bubble.

There's always a small chance that it will go down and eventually become worthless because that's what happens with technology and this is the risk you have to be prepared for.

The steam trains were once a big thing but then came trains running on oil and electricity and now we're going towards magnetic levitation so even old railroad tracks will become obsolete. Bitcoin can become obsolete one day like other technological advancements but it will have its bubbles before it happens.

mr3dds

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There are very few people with extra millions to put here in my opinion. I would consider putting that one million,if I had hundred of them Grin

Plus, It was 20000$. some one bought at that time and he lost half of his investment already.

Debonaire217

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I think one of the reason why people doesn't invest in bitcoin directly is because they lack knowledge or somehow have some fear if they will buy it in the right time. Most of us actually doesn't really figure out if the time is right time because we know that bitcoin fluctuates and we are eager to always buy the dip. But disregarding the fact that bitcoin is for investment will make things easier. It is more like putting bitcoin in a currency for daily use, and no matter how much it is, will still be good as long as our purpose for bitcoin is for daily use. Going back to the topic, "why people are afraid on investing in bitcoin" already tells that they need to make sure they will not lose, or to somehow buy the dip to make sure that their investment will win. Overall, every investment does really induces fear, what people just need to do is to have allot of knowledge and to make sure they have the courage to accept whether they'll win or not.

Kakmakr

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This is the same for every other commodity or shares or investment option you chose to invest in, because you have to take risks when you are investing. The thing with Bitcoin is the extreme volatility and the huge jump and drop in the price that can happen with Bitcoin. People see this extreme volatility and they are scared, because they do not see this very often with other commodities and shares and currencies.

Bitcoin investment is all about timing and making bold decisions when other people are scared to take the risk. We always say "Buy low & Sell high" but most people are too scared to buy when the price is dropping. Roll Eyes

michellee

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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?

You are not wrong.

For people who know the risk of investing in bitcoin, they will not worry with the up and down of the price because they believe that in the end, the bitcoin price will increase so high. But for people who doubt or don't have much information or knowledge about bitcoin, they will be afraid, and I am not sure that they will use much money to invest in bitcoin. It will depend on how we can manage the money and emotion to see the price will be up and down every day.

Nathanz

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Bitcoin's price is unpredictable. That is why there is always a risk when you start trading or investing with it. The price may get high or low in short amount of time. Although there are a lot of trading websites out there that gives you an option to automatically stop trading once you reach your desired price. People can also just hold their money and just wait the price to get high but it may take some time before you actually make a big profit because just like what I said, the price is unpredictable. It is constantly changing and you have to monitor the price from time to time in order to make a big profit.

NavI_027

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You are right, you can make money by doing that. Hodling is the easiest and least risky way of investing to crypto. However, it is still not as easy as 1 2 3. Of course there are few factors you need to consider first most espacially the time frame. Like how long will you able to hold? Are you ready to miss small opportunities? Do you think your coins will be all worth it in the future? Assess yourself because maybe there are possible ways for you to earn faster than holding or maybe it is not worthy of your time at all. Nevertheless, hodling is fine. Just hope for a prosperous journey since you are only relying on fate of the universe Cheesy

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KrisAlex18

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Actually having 1 million dollars is really big and I think that in order for you to spend it in the right way is to have a business first, there are no people who would use all of their 1 million dollars to buy bitcoin, that is so risky as we all know investing is also risk-taking, better to have other business first. If I already have 1 million dollars I would not think to invest it all in bitcoin, that is so risky, I will invest my 10% of mine, I think that is enough there are many things that are worth it to spend our money.

Too much confidence is what you need if you are going to invest all of your 1 million dollars, those people who have strong beliefs on bitcoin would do that.

Quote from: FlightyPouch on May 27, 2020, 09:31:40 AM

Well, I don't think people are that quite confident to invest that much money in cryptocurrencies l, even in bitcoin. Here in our country, bitcoin is misunderstood by a lot of peopole. And since it is a decentralized crypto, people believe that it is a way for criminals to do illegal transaction or ways for people to scam other people. When a lot of people doubt it like that, I don't think a lot of people would consider buying or investing in it.

Indeed, there wouldn't be a person who would invest that amount of money, that is too much. There are many scammers and hackers would be interested in you if they know that you had invested 1 million dollars.

Kong Hey Pakboy

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From my point of view, there are really some people who don't trust and we can't convince to used and invest their money in bitcoin because after they heard and read about the news that bitcoin is being used in illegal activities like scams and frauds, they started to become afraid and avoid investing in bitcoin and they assume that bitcoin is not a real currency.

DoubleEdgeEX

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There are many reasons, like lack of information and therefore lack of trust. Questionable propaganda from companies like Goldman Sachs that posted a document why its bad to invest in cryptos. Even though it is written by an intern or an imbecile it will have its impact because of the amount of people it will reach. Also, people fear change and why invest in something new when you can easily invest in a stock or a bond or in a more trading way in a future or options? There is still a lot of education to be done for more acceptance.

unusualfacts30

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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?

that is correct and we need more people like you who can put their trust on bitcoin. Most people want its price to increase but the problem is trusting themselves and it won't be a problem if you do. waiting game is the tough part for many people and once you can get over it you will end up in profit.

noorman0

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[Nope]No hype delivers more than hope

Bitcoin has a value on the basis of trust, and it's hard to guess how persevered the trust of people who are able to make bitcoin have a price forever or can even increase and can be exchanged for something tangible.
I would not say it's wrong as long as the trade of bitcoin is still ongoing in various exchanges in the world. But if you want definite future benefits, there are still many other options that are more promising than Bitcoin or other cryptocurrencies. Something people need and supplies are limited so people don't care about value.

roman100

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There are many reasons behind this. You need to know more and more about Bitcoin. The more you know, the less risk you will have. So you need to know more. When to invest in Bitcoin and when not to invest. As it continues to decline and grow again. you need to know better and then invest. It is not possible to predict Bitcoin. All we can do is come up with an idea.

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