The reason people do not want to invest in crypto

[dengineersprof]

Looking at where I am from, a lot of people still shy away from online investments as it is tagged because of the high rate of it being a scam and also their literacy level. Most people actually lack information. If they would only open up to new ideas and learn, the fear would be gone. This is because basically fear comes when you lack a know-how info.

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[thesmallgod]

number one reason why people do not want to invest in crypto is that they have little or no knowledge about cryptocurrency and you cannot invest in something you do not know. secondly, I have discovered that a lot of people are afraid of losing their money and this has made them stop giving crypto investment a trial. thirdly, the previous failure is another reason why people do not want to invest in crypto anymore. trading crypto involves a lot of risks. in fact, there is just a little difference between gambbling and trading

[kipo]

A lot of people are afraid of any innovations and dont want to take risks because they have already got used to the traditional system. I think it is a matter of time and in the nearest future everything will change

[karungbitcoin]

In my village many people not make invest in crypto because some people has negatif thinking with online investment, because many people here was get frauds with online HYIP and make them lose in big money. They thinking all online investment include crypto is frauds and just use ponzi scheme that will make them lose. They not really understanding what is blockchain technology and how does it work and they dont know the benefits of it.

[ARAGETS]

Fluctuative price and high risk. I don't recommended that people invest their real money into cryptocurrency such as bitcoin or altcoin. But, if you are bounty hunter, you can invest some money to invest in crypto. Because, source of it not real money but payment from your work as bounty hunter.

[wack slacker]

Crypto has too much bad news from bitcoin and ponzi investment sites. These are bad news and they focus on their bad, they do not look at the good of blockchain and the impact of crypto and blockchain on the future of humanity. They think that the crypto risk is too great and not the same as their investment experience.

[darsiderin]

A lot of people are afraid of any innovations and dont want to take risks because they have already got used to the traditional system. I think it is a matter of time and in the nearest future everything will change

Yes, the two main reasons are fear and lack of knowledge. Many just heard about cryptocurrencies on TV, but they do not have any understanding.

[youdacapt]

A lot of people are afraid of any innovations and dont want to take risks because they have already got used to the traditional system. I think it is a matter of time and in the nearest future everything will change

Yes, the two main reasons are fear and lack of knowledge. Many just heard about cryptocurrencies on TV, but they do not have any understanding.

I think it is our duty to teach them, everything about cryptocurrency comes from the courage to believe, in this case the government has not been so important to be a benchmark because they themselves still look confused, but make sure you have to absorb knowledge in general because a lot of investment which is detrimental, we must distinguish between investments that already have a market and on the other hand is a ponzi pattern.

[max fray]

there is no way to ensure that this technology will not become obsolete for several months. T

Any other perspective technologies you've got on your mind that could replace blockchain?
If not, then why would you say it could become obsolete (especially in several months)?
New solutions (like Lightning network) are being developed over several years, and it definitely takes a lot of time to implement new technologies.

[senne]

Lack of proper support regarding the system, if you want to invest in crypto you need to manage everything yourself. Hence, making difficult for many dependable users to enter crypto. Many people fear losing their money which makes them resistant towards cryptocurrency, lack of media support or public talks which help people know about this industry deeply.

Crypto is still restricted to trading only due to which many people think as a gambling place to lose their money, they should deeply research and join after reading of this decentralized system.

[klasik1980]

As being a totally new thing people have doubts in their minds. It’s riskier than common business investments but taking a smart risk can give you a strong boost.

If you are the one who is living hand to mouth and wants to score big than investing here will not be a good choice because of constantly hovering risk.

If you really wanna score big and you have no internal knowledge about this whole scene than you better avoid it as investing here can prove to be nightmare for you.

[seregakretyuk]

I think the main reasons is
1. they are afraid to lose their money
2. they are afraid of the unknown

[Xetonica]

The people are afraid to invest in crypto because the prices in the market is so volatility and not stable or the projects are they invested will be a scam and so very risky to invest in crypto, or the people didn't enough knowledge about crypto currency.

[goku1525]

The people are afraid to invest in crypto because the prices in the market is so volatility and not stable or the projects are they invested will be a scam and so very risky to invest in crypto, or the people didn't enough knowledge about crypto currency.

Crypto is too risky due to the fluctuation of prices and has the possibility to loss of coin .Whereas, if they already have a good strategies and courage to invest they will able to take huge money as well but perhaps if they will able to experienced things on crypto I think chances of fullfilment may granted.

[eloymjb]

 one of the main reason why so many people didnt want to invest in crypto because many people use it in other side and to the scam. and even our government blame so many people to not to invest in crypto, government tell the negative way on investing in crypto.

[Getmon]

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.

This is one very brilliant assessment of the cryptocurrency trend. I am giving you a single merit because of this. Indeed, cryptocurrency and the technologies it is promoting alongside itself, have a long way to go. For sure, the world will not just forget the traditional systems and shift to blockchain and crypto overnight. But I believe we are going there and a bit faster. I also think that a lot of investors are thinking twice in investing into crypto because of the more basic reasons such as plain uncertainty and misconception.

[sham100899]

One of the major factor is that crypto prices are unpredictable. No one can say when it will rise up and when it will go down, and it changes every second. Some says that crypto prices specially bitcoin are being manipulated by crypto billionaires.

[mauriek]

The people are afraid to invest in crypto because the prices in the market is so volatility and not stable or the projects are they invested will be a scam and so very risky to invest in crypto, or the people didn't enough knowledge about crypto currency.

They don't know that the price fluctuates can make us get great benefits, but it also requires a good knowledge in order to make investments with Crypto can really give us a lot of advantages.

[Siren]

Simple reason..they dont have enough money to invest lol 😂

Those hesitant to put their money in crypto are those people that no nothing about technology most of them are late bloomer and dont trust virtual world,thats why they will only invest in physical form and not on virtual..

I respect their prerogative but im not closing my door that in time they will realize what missing in this one .

Lets continue to spread the word of cryptocurrency for those non believers to try here,and might enjoy earning bucks in this community

[HatakeKakashi]

They are afraid to lose some of their money because we know investing in cryptocurrency is dangerous because they have probability that your money gone or decrease. But take nots all business have risk or chances to lose your capital. The advantage of crypto yes you cn lose but you can get high profit if you choose right altcoin to invest your money. Don't be afraid to start investing in crypto just invest only the extra money..