The reason people do not want to invest in crypto

[valera10]

I think the issue here is more political than business. Politics is an important segment in any business, and if politicians are cautious about cryptocurrency, then the investor will also be the same.

I agree with you parts, but we shouldn't forget that not all people treat new technologies with confidence, especially if these technologies relate to crypto.

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[Rufsilf]

Admit it, most of us are afraid of the chance that bitcoin might get ban in our countries and we can earn in bitcoin even without spending a certain amount of money. Maybe because we all know now how to gain bitcoin without investing money, makes most people think that things are easier here. In trading, you need to have a good strategy in what you are doing and investing money is somehow included also in trading. But since there's a much easier way, other people would just invest their time and effort instead of money.

[richkellj]

The main reason of people is do not want to invest, because they are scared to losing of money
because invest in the crypto is very risky, but possible can get a lot of profit too.

Lack of knowledge and lack of confidence are the main reasons behind this and that people still don’t think so that crypto currencies can help them in having more earning.

All they know about the crypto currencies is that they are illegal and that investing into these coins will be a great loss and that they will not be able to make anything good. It will take some time to change the opinion of such persons and to understand this thing that investing in crypto will make them richer.

[glavos]

I doubt that the tax is the problem. I think people dont want to invest in Bitcoin because they do not understand what it is and how it works.

[entrepmind23]

I doubt that the tax is the problem. I think people dont want to invest in Bitcoin because they do not understand what it is and how it works.

Some countries are not even strict yet with the earnings of the people related to crypto. Since they do not know how to recognize crypto yet, they just let it go that people are not declaring their taxes so I doubt as well that tax is one of the reasons. If you are earning from it then you still have an obligation anyway to pay taxes so for people not to invest in crypto just because they would pay taxes if they are investing in it seems not reasonable.

Lack of knowledge and lack of confidence are the main reasons behind this and that people still don’t think so that crypto currencies can help them in having more earning.

All they know about the crypto currencies is that they are illegal and that investing into these coins will be a great loss and that they will not be able to make anything good. It will take some time to change the opinion of such persons and to understand this thing that investing in crypto will make them richer.

Media has a big influence on how the people perceive cryptocurrencies. Since the media is handled by big corporations, they can manipulate the minds of the people to think that cryptocurrency is bad. All I can see whenever I watch television and there is a bitcoin related report, they are focusing on scams. I believe that banks has something to do with it since they are anti-crypto. The lack of knowledge and trust are reasons why people do not want to invest or trade crypto. The lack of regulation to a certain country has a big weight as well.

[Daveeoff]

People have no trading experience and are scared of the drastic price changes of Bitcoin. Thats the way I see it.

[Altcoindealer]

They are many different reason why people dont want to invest in cryptocurrencies. The first thing is, the most people are scared and they dont want to risk anything. SO i can understand this, because you give your hard earned money away, and maybe it will be gone forever. The other thing is, people dont understand cryptocurrencies and the blockchain technology. So my advice to everyone, dont invest in soemthing you dont understand. Another reason is, the most people are manipulated by the mainstream media and they are just afraid of cryptocurrencies.

[Dontme]

1. Blockchain has a long way to go to be a practical solution
Businesses will not miss the opportunity until the technology demonstrates its scalability. However, this can not be proven in the real world until the companies make the leap and produce a concrete result, not an experiment. Moreover, not all industries will benefit from blockchain, while other industries may face a costly and time-consuming conversion process so they choose blockchain over a network. now available.
2. Too easy to join
The real concern with a low barrier to participation is that there is no way to ensure that this technology will not become obsolete for several months. This is another reason why businesses have not implemented blockchain technology. Why invest in a blockchain while only a few months later will have a better blockchain next generation? Replacing and upgrading can be costly and time consuming.
3. Very few tangible means value of crypto.
One of the biggest misconceptions with digital currency is its mass acceptance of tokens, meaning that they are successful. Unfortunately, using a virtual currency does not necessarily generate revenue or profit for developers behind the token. Furthermore, blockchain technology tends to hold long-term potential values, not the token itself. Therefore, buying into a token that does not actually acquire ownership in the base blockchain does not make sense to the investor.
4. Tax situation is a nightmare
Investing in the crypto algorithm means that you need to track the increase and decrease in capital for each transaction. Even using your token to purchase goods and services will also serve as a taxable service, in line with the Tax Administration's tax guidelines.

Because some people tell that in crypto there are no assurance. They tell that we can use crypto buy and sell without knowing who is us just like theres no need to mention about identity. So, there is big possibilities of scam because some can use other pictures just only to scam people. Others can use power of other people without showing their selves.

[ephisi]

1. Blockchain has a long way to go to be a practical solution
Businesses will not miss the opportunity until the technology demonstrates its scalability. However, this can not be proven in the real world until the companies make the leap and produce a concrete result, not an experiment. Moreover, not all industries will benefit from blockchain, while other industries may face a costly and time-consuming conversion process so they choose blockchain over a network. now available.
2. Too easy to join
The real concern with a low barrier to participation is that there is no way to ensure that this technology will not become obsolete for several months. This is another reason why businesses have not implemented blockchain technology. Why invest in a blockchain while only a few months later will have a better blockchain next generation? Replacing and upgrading can be costly and time consuming.
3. Very few tangible means value of crypto.
One of the biggest misconceptions with digital currency is its mass acceptance of tokens, meaning that they are successful. Unfortunately, using a virtual currency does not necessarily generate revenue or profit for developers behind the token. Furthermore, blockchain technology tends to hold long-term potential values, not the token itself. Therefore, buying into a token that does not actually acquire ownership in the base blockchain does not make sense to the investor.
4. Tax situation is a nightmare
Investing in the crypto algorithm means that you need to track the increase and decrease in capital for each transaction. Even using your token to purchase goods and services will also serve as a taxable service, in line with the Tax Administration's tax guidelines.

i agree with you on the four reasons. But there are soo many more reasons people do not want to invest in crypto. Here are some of mine.

1. alot of people have an idea what crypto is but they dont understand it enough to invest in it.
2. many people think crypto is a scam, others think is a bubble.
3. Many have invested in crypto out of fomo and have been burnt badly. They refuse to invest again
4. Crypto trading and investing profitably is difficult

[piter_wip12592]

As I see them scared the intruders into their wallets to take away all they have. If they know how to protect their wallets, they will invest in this market because they have a lot of potential to grow.

[Souldream]

I think the issue here is more political than business. Politics is an important segment in any business, and if politicians are cautious about cryptocurrency, then the investor will also be the same.

I agree with you parts, but we shouldn't forget that not all people treat new technologies with confidence, especially if these technologies relate to crypto.

Personally speaking I really don't know their real reasons why people do not want to invest in crypto. But I have this ideas that one of the hindrances on crypto's is the illegalities of crypto's in some countries and also the improper use of bitcoin or any kind of crypto's like being used in illegal activities and so on and also using of the name of bitcoin in some scam.

[Finestream]

I think the issue here is more political than business. Politics is an important segment in any business, and if politicians are cautious about cryptocurrency, then the investor will also be the same.

I agree with you parts, but we shouldn't forget that not all people treat new technologies with confidence, especially if these technologies relate to crypto.

Personally speaking I really don't know their real reasons why people do not want to invest in crypto. But I have this ideas that one of the hindrances on crypto's is the illegalities of crypto's in some countries and also the improper use of bitcoin or any kind of crypto's like being used in illegal activities and so on and also using of the name of bitcoin in some scam.

Yes.Having heard bitcoin as a scam or an illegal way of using it will really make an impact to those people who will not make investments in bitcoin.In my own point of view,the fact that bitcoin is very volatile,have no stable price,and no assurance how long it will lasts will make the people criticize bitcoin by not investing in it and the rest of cryptocurrencies.

[Gotomoon]

As I see them scared the intruders into their wallets to take away all they have. If they know how to protect their wallets, they will invest in this market because they have a lot of potential to grow.

This means lack of knowledge about crypto, they are new in this business that dont want take risks in investing in crypto. Ofcourse also afraid to invest because of the lose they can have, once they are knowledgeable they will become interested to join.

[LuvCyanide]

In my opinion, the main reasons are ignorance of the cryptocurrency market,inability to work with it, uncertainty and fear of entering this market.

[jorgelugra]

I think that most people don't want to invest in crypto as they aren't ready to accept the thought that it can substitute the traditional currency. One of the main reasons is that nobody wants to take risks

[parthgajjar]

1. Blockchain has a long way to go to be a practical solution
Businesses will not miss the opportunity until the technology demonstrates its scalability. However, this can not be proven in the real world until the companies make the leap and produce a concrete result, not an experiment. Moreover, not all industries will benefit from blockchain, while other industries may face a costly and time-consuming conversion process so they choose blockchain over a network. now available.
2. Too easy to join
The real concern with a low barrier to participation is that there is no way to ensure that this technology will not become obsolete for several months. This is another reason why businesses have not implemented blockchain technology. Why invest in a blockchain while only a few months later will have a better blockchain next generation? Replacing and upgrading can be costly and time consuming.
3. Very few tangible means value of crypto.
One of the biggest misconceptions with digital currency is its mass acceptance of tokens, meaning that they are successful. Unfortunately, using a virtual currency does not necessarily generate revenue or profit for developers behind the token. Furthermore, blockchain technology tends to hold long-term potential values, not the token itself. Therefore, buying into a token that does not actually acquire ownership in the base blockchain does not make sense to the investor.
4. Tax situation is a nightmare
Investing in the crypto algorithm means that you need to track the increase and decrease in capital for each transaction. Even using your token to purchase goods and services will also serve as a taxable service, in line with the Tax Administration's tax guidelines.

I think that at this time the crypto arena has lost interest from the investors. You can see that the price of bitcoin and altcoin since the beginning of 2018 is constantly on the rise and remains in its down cycle. So, for you to succeed in business, it is important that you have a plan before investing and strictly follow it.

[bubblebubble]

In my opinion a lot of people that entered on last high are very scared about the dip followed and so have spread word about.
Finally not all like a world with low rules and warranties even if technology is valid and will be the future of implementations.

[fia_naila]

The reason people dont want to invest are :
1. Skeptic : people affraid put their money on crypto because they are still believe that fiat money is the safest place for store of value and crypto is ponzi scheme.
2. Intangible : if you put your money in to stock market at least you got papper in crypto you only got hash amd encrypted data. They affraid it is not existed.

[onebtcforlife]

As I see them scared the intruders into their wallets to take away all they have. If they know how to protect their wallets, they will invest in this market because they have a lot of potential to grow.

Yes, many people are afraid because of wallet hacking and many phishing email and new people don't how to react to those emails and they are scared about this internet money. There are many other factors nom volatile, government restrictions etc.

[Webberson]

There are so many reasons which are also diverse as to why some people do not want to invest in crypto. One of which i think is the lack of acceptance by some governments, which in turn has not really make the digital currency legal for usage. Some people are holding-on to this reason while others are holding -on to some other reasons.