The reason people do not want to invest in crypto

[BeGoods]

I think that the reason why people do not want to invest in crypto currency because because of the technology gap and banal education of the population.

The simplest reason is the lack of money. Some of them would like to buy cryptocurrencies, but they do not have assets. The other reason is fear. People are scared to see the crypto fall again.

People should not be scared because crypto currency is so famous now people are buying and investing to hold, it is good in price now a day, so it is just lack of knowledge which is making people to buy more and more, it is now modern age so the things people are confused about, they can get clear information from google and YouTube.

I think it's natural that people outside are still afraid to join in Bitcoin, that's a natural thing, because Bitcoin itself is still new and has no legality in a country. maybe in the next few years when technology starts to dominate, bitcoin it will be much more acceptable and people will not afraid to bitcoin anymore

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[senyorito123]

People never want to refuse on the cryptos if they know actually what is cryptos and how much growth it is having every year.

It’s no longer surprising for people who truly understand of how cryptocurrency works, those who know its potential and believe in its use, certainly trust that it is worth investing. Some of the reasons why crypto critics are so quick to dismiss cryptocurrency would be because of the assumption that it has no any real value and is not it’s not backed by any government that they feel and find it is not secured and safe. Lastly, this technology is developing and public simply doesn’t know how it works. If only we are all well-educated and willing to learn then we will be able to acquire knowledge and skills that can help us better understand how beneficial and profitable crypto is.

[shoreno]

I think that the reason why people do not want to invest in crypto currency because because of the technology gap and banal education of the population.

The simplest reason is the lack of money. Some of them would like to buy cryptocurrencies, but they do not have assets. The other reason is fear. People are scared to see the crypto fall again.

People should not be scared because crypto currency is so famous now people are buying and investing to hold, it is good in price now a day, so it is just lack of knowledge which is making people to buy more and more, it is now modern age so the things people are confused about, they can get clear information from google and YouTube.

I think it's natural that people outside are still afraid to join in Bitcoin, that's a natural thing, because Bitcoin itself is still new and has no legality in a country. maybe in the next few years when technology starts to dominate, bitcoin it will be much more acceptable and people will not afraid to bitcoin anymore

bitcoin it self is not new because bitcoin is now 10 years young  . idk if 10 years for you is still small or maybe you arent aware with that fact . with the 10 years of existence , bitcoin is already legal on almost 110 countries based on the latest statistic that i saw lately from one of the users here on bitcointalk  . the only reason that i can think of right now on why there are still people who dont want to invest in bitcoin or in crypto in general is that they dont have a knowledge or interest on it  .

[jak3]

I don't think many of these reasons are valid or at least not much a problem to me, these can easily be tackled firstly if there is an introduction to upgraded or next generation blockchain then the switching with not be a very complex or time-consuming method. it will be fairly easy like going from one cryptocurrency to another. and secondly people have to understand that the token values are not what to invest into but their potential is what matters. like if a token has a lot of potential in coming years then surely a lot of big companies are also going to see that.

[mersal]

Investing and means it will definitely useful for the future so we cannot make any changes on that wild after investment so so people want to take their life so much useful in their future will definitely needs a lots of money to to live without any problem it is the most important thing for everyone to invest in cryptocurrency.

[superstarbtc]

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 but in my opinion, some people do not want to participate in the crypto market because they are not knowledgeable about Bitcoin and the crypto market. Second, old thoughts have not changed in them when the public world Technology is changing lives. The government in some countries does not recognize Bitcoin.

It is one of the main reason many people are not showing interest because of their governments. They are restricting the people by not buying the cryptocurrency and in the same way, they don't have proper knowledge about the blockchain and technology behind.

[bitbunnny]

We have to be aware that many people still don't know much about crypto, no matter how this might sound strange. People outside this forum still don't accept crypto as something that should become a part of their lives and they don't trust it much, still some find it as a some kind of scam. The situation is changing and it's better than few years ago but there is still lot to be done on promotion of cryptocurrencies and education of people.

[shanghai]

Perhaps Bitcoin is too risky when it has no rules and no general rules of operation. The reason why we see Bitcoin falling more rapidly than other currencies. Are investors afraid to put money into it ?

[Genamant]

i think the main reason why people are hesitant to invest in crypto is because
it has been used in several scam schemes
secondly crypto basically doesnt have real value.

[swordling143]

The top reason why people don't easily invest in bitcoin is the risks involved. It's main feature of being decentralized could be the very reason why people don't buy them. Some people or even "most" simply feel more secured with something that is regulated and/or backed by the government. Moreover, old peeps make up a big percentage of the population, and most of them don't really understand cryptocurrency. Surely, they are less likely to invest their money into something they don't fully understand and getting them interested in the first place can be quite tricky.

[sammyp]

Well, in the beginning, people invested in ICOs thus cryptocurrencies mainly because those projects raising funds through the ICO were seeking to solve some important problems. But what do we see these days, most of the projects are just trying to raise money to fill some few pockets. This has affected the passion people had for cryptocurrencies. Again the crypto market has been diluted with cryptocurrencies which no one could predict their future. I believe these among many other reasons are keeping people away from investing in cryptos.

[pant-79]

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 the main reason why people don't want to invest in cryptocurrency is fear. The crypto market is unpredictable, especially now many are under the impression of 2018. In many forums, in discussions and articles there is a lot of negative information about cryptocurrencies. But as soon as the majority of the news becomes positive, and the prices of cryptocurrency start to grow, immediately there will be people who will start buying crypto.

[bitcoin31]

Simple they are scared why they did not want to trust to crypto. We are risk taker here and we know what's happening behind the good or positive effects of the bitcoin they have bad effects which people only see is the bad effects. We are open minded so we choosing cryptocurrency. We cannot force them because even sometimes investors are scared because a lot of scam happening everywhere in cryptoworld.

[iqlimasyadiqa]

Most of the reasons are because people still don't understand the digital currency well. those who are not sure to invest are usually people who don't dare to take risks. even if it is considered in my opinion that as long as we can make the right decision, it is very likely that we will make a profit. we have to be brave enough to make a decision because when we are silent, we will never get anything.

[Pattart]

People never want to refuse on the cryptos if they know actually what is cryptos and how much growth it is having every year.

indeed, there are still not many people who know what cryptocurrency is and they are still confused about how to benefit from cryptocurrency, but I am sure there will be many people who enter the cryptocurrency world and there will be many people who become rich in cryptocurrency.

Agree with this, outsiders do not really know about bitcoin, thats why they have not dared to try to use it. they have self-defense naturally to avoid something that is still unfamiliar for them. actually promotional assistance from people around them. of course it will be very valuable

[Cryptotina]

The reason people do not want to invest in crypto is simply because they do not trust crypto) Thinking cryptocurrency doesn’t have any real value tied to it. And not to exclude the fact that Government are against it, plus security issues. While some just don't understand the whole crypto thing 😒

[Arian247]

Everyone has his/her approach towards Cryptocurrency and not all who are involved in it fully understand it not to talk about those who don't know about it entirely

[Victorycoin]

Everyone has his/her approach towards Cryptocurrency and not all who are involved in it fully understand it not to talk about those who don't know about it entirely

Those people who does not know about cryptocurrency and who does not want to take risk they cant invest on crypto. Up-down of crypto is too much which many people cant take risk so they stay away from crypto.

[kennen1113]

Everyone has his/her approach towards Cryptocurrency and not all who are involved in it fully understand it not to talk about those who don't know about it entirely

Those people who does not know about cryptocurrency and who does not want to take risk they cant invest on crypto. Up-down of crypto is too much which many people cant take risk so they stay away from crypto.

Without knowledge of crypto then no investment, that's always a good reason why people don't invest in crypto because if we don't know what we're doing, we also fail when we join, especially a dangerous crypto market, the price for failure is always too great. In addition, information about scams, crypto is ponzi and lots of negative comments, the government has also warned people about crypto, so even if crypto is profitable, many people still dare not participate in it, the image is too bad and unreliable

[Mehr Sher]

There is a risk factor which often turns a lot of people down in terms of investment in the Crypto industry, but otherwise this is a great place for investors. We just need to make sure that we have right options selected in order to invest, especially with the Upcoming ICOs. And if we do that then we will for sure be able to get things working nicely to benefit from. If we still fear then we should move to smaller investment first before we make more into it.