Why people are afraid on investing to bitcoin? - page 7.

jostorres

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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, but that’s not what most people want. A lot of people that are investing in Bitcoin don’t want to wait for a long term. I can remember a guy that met me once and told me that someone referred him to me and he would like to invest money in Bitcoin and start making money.

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.

Mpamaegbu

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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 talk of a drop from a mere $9,000 after a purchase with such concern (it shouldn't be), don't be in a hurry to forget that there were people who bought Bitcoin at ATH in 2017 and are still hodling till date. On the flip side, those who are still scared of investing in Bitcoin at this time and age will eventually not have any investment in cryptocurrency. I say this because Bitcoin is about as stable and sure as any profitable business can be right now. If anyone is still scared, then it means they aren't business minded.

peter0425

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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?

every people in this market are not afraid buying bitcoin instead they are just waiting for the right timing when to invest again.
if you are referring to other people outside this market then for sure theya re thinking that this is scam and their money might risk and gone.

Quote from: Leviathan.007 on May 27, 2020, 11:22:26 AM

They afraid investing on it because there are many whales in the market and they are holding a huge amount of bitcoins inside their wallets.
People think if the whales start to sell their investments in order to extract the profit. The price will fall and they will lose their money.
Also the daily ATR in bitcoin is too high and the price is not stable as gold, stocks, etc...

Yeah thats another reason,the manipulations but we can bear that,if you can hold longer and don't look for easy money.

Leviathan.007

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They afraid investing on it because there are many whales in the market and they are holding a huge amount of bitcoins inside their wallets.
People think if the whales start to sell their investments in order to extract the profit. The price will fall and they will lose their money.
Also the daily ATR in bitcoin is too high and the price is not stable as gold, stocks, etc...

hahay

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Is the most important thing investing in bitcoin just about waiting? Because no matter how much you invest but you don't understand the characteristics or other main factors to have, then how can you wait. There are factors that at least can make you remain confident and when you are not aware of the importance of understanding chart and other analysis, then whatever amount you invest it will be difficult or not guaranteed to make a profit because you will find it difficult to remain consistent to wait, because basically you do not have high confidence and good understanding to overcome difficult situations that will inevitably occur in this market.

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Quote from: bitmover on May 27, 2020, 09:42:42 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?

Ofc you are wrong lol
You may lose it all. There are no guarantees. Although I believe that bitcoin price and adoption have a upward movement in there future, that's not the only possible outcome.

"all you have to do is wait" makes no sense. Investing in bitcoin is a smart bet, but it is a bet. There are no guarantees.

I don't think Bitcoin should be seen as an investment, but I am even further from believing that it's best application is trading (and yet this is what the majority seems to be doing). If we're talking about hodling, there are indeed no guarantees it will get one anywhere. However, I'd say there are high and low probabilities of what will happen. There's a low probability of getting 10x return within a year, but it's about as unlikely that one will lose 90% of the investment in a year. There's a high probability that the value will be more or less the same after a year, and quite a good chance of it doubling over, say, 5 years. So if people are investing in gold, Bitcoin is probably a more risky bet. But if we're talking about stock versus BTC, I think Bitcoin is worth considering, and the risk is not that high (in case things look too bad, there's always an option of selling and buying later).

passwordnow

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It is true about the profit, that's how you do to hold. Asking why people are afraid to invest in bitcoin is the same question as to why people are afraid to invest in other investment vehicles, such as stocks, real estates, bonds, gold, and other legit investing opportunities. The reason is we don't have the same kind of risk-taking. We can be as good as other bitcoin holders to see bitcoin drop and others can't. That's the logic behind the question that you have made.

DevilSlayer

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Quote from: DeathAngel on May 27, 2020, 10:14:41 AM

You’re not wrong, no. It’s that lots of people are risk averse, bitcoin is still not a safe investment. It’s done very well for me personally but it’s no a guarantee for people. I understand why people with modest funds don’t want to jump into bitcoin.

We have different risk appetite so expect that there are people who are afraid to take risks and make investment with bitcoin. There are certain people who are just comfortable on being a financial stable where they are more focusing on financial security than on financial freedom. Financial Literacy is also a big problem in our society that is why majority of financial literate persons are taking risks and making investment with different assests and securities.

DeathAngel

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You’re not wrong, no. It’s that lots of people are risk averse, bitcoin is still not a safe investment. It’s done very well for me personally but it’s no a guarantee for people. I understand why people with modest funds don’t want to jump into bitcoin.

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Quote from: Krislaw on May 27, 2020, 09:31:22 AM

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

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

Yes you are.
Most of traders are after short term profit, and it's wrong to give such financial advice because it's big risk to put so much amount. What do you think would happen after it refused to hit it's ATH just like when BTC was at 20k

Investors sees a good opportunity to do buy and sell bitcoin despite of its good future because its their call and that can’t be wrong. We can do long or trade bitcoin as long as you know what you’re doing and don’t have any fear to take risk. People don’t want to invest on bitcoin maybe because they don’t have enough knowledge about it, time will come for them so don’t worry because they will adopt later on.

Harlot

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It will vary from person to person but generally it will always be about the perspective of the investor in how he or she views the asset. Like a more conservative person will invest in mutual funds but for people who are willing to earn more on their own they would likely invest in the stock market. The same goes with the crypto industry yes they can gain bigger compared to stocks but they are more riskier and unstable compared to stocks of company that's why investing in Bitcoin isn't really for everyone it all depends on how you accept the risk of losing your money.

dentolas

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I think it is natural that people are not willing to invest in such volatile asset, it is true that it can get higher as well as lower, but at this point I honnestly don't see it going sky high because scalibility is not looking good and as such, useability will also be tackled... and there are also the threats of countries national currencies... I really wish it would sky rocket, but unfortunately it doesn't seem to be going there...

$crypto$

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Self-confident about bitcoin investment because this is one of the best investments for the future, therefore many people assume that bitcoin investment will not get for but loss, well it might be done for people to panic when the market is down, of course people will panic Restless looking at the red market, well there we must know how to take a position in bitcoin investment because the cycle in the crypto market is always an unexpected wave and therefore the risks we face will not be as big a loss as they talked about.

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

Am I wrong?

Everything concerning prices is in the domain of pure speculation, so no one can say for certain how much will the BTC worth six months/years from today. A problem for all of you who haven't been around for a long time is that you do not see the whole picture, but only that part of 2017. Investing is not just about how much money you have, but also from being able to assess all the benefits and risks of investing in something.

I still remember 2015 very well, and then the price was even below $ 200 at times, and there were similar debates as today. Invest or not, BTC is ponzy, it will never touch $1000 again, BTC is dead... From a historical distance we can conclude that many were wrong then, and in 5 years history will prove that some others were also wrong with today's thinking.

Yet every investment is a risk, and everyone should do it at their own risk.

Yogee

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It's not as simple as buy low-hodl-sell high. You will learn that as soon as you experience a full market cycle. The bulls seems to be successful in holding the line right now but once they let the dumpers have their way and we enter into another long bear market, you'll understand what I mean.

bitmover

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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?

Ofc you are wrong lol
You may lose it all. There are no guarantees. Although I believe that bitcoin price and adoption have a upward movement in there future, that's not the only possible outcome.

"all you have to do is wait" makes no sense. Investing in bitcoin is a smart bet, but it is a bet. There are no guarantees.

Skieleton

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Why is it worth investing in Bitcoin? Not just for the sake of profit - financial experts point out that traditional money systematically reprinted by governments is losing value all the time, and may prove worth nothing during a global crisis or war. In this situation, many people are turning to investment in cryptocurrency, whose value remains at a high level. You can also pay with Bitcoin for many products or services.

BTC mime is new and a lot of people do not know what's going on. That's why they are afraid ...

thesmallgod

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There are many reasons why people are afraid. generally, people are afraid to invest in anything that involve a lot of risk. Secondly, people want quick profit so if they see that crypto investing might not give them the quick return to have, then they will be afraid to invest. Also, some have history of being scam by third parties popularly refers to as brokers, investing in bitcoin to them is another avenue to get scammed. Lastly, this one is most common among new traders who has lost money in trading. They become weary if trading bitcoin is truly worth it.

FlightyPouch

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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 way 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.

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

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

Yes you are.
Most of traders are after short term profit, and it's wrong to give such financial advice because it's big risk to put so much amount. What do you think would happen after it refused to hit it's ATH just like when BTC was at 20k

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