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Author Topic: Why do people/users are afraid to invest in Crypto?  (Read 3538 times)
taiwww
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May 20, 2018, 07:33:49 AM
 #21

That is the generalise idea of whole thing. In reality people are just scared about the crypto currencies being illegal tender in terms of their government. Thats the first point where more than 50 % of population might be failing in getting into the crypto currencies. If they would surpass that and enter anyway into he crypto market then your points come in where they should stay stable at all times. They must overcome the security problems, emotional disturbances that arise due to ups and downs and thus that would be final stage when we can say users arent afraid of anything now.  Cheesy
ghagz2016
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May 20, 2018, 07:42:16 AM
 #22

Because they heard of some news about investors who were investing into scams investments. However, our part as investors is to be conscious of the legitimacy and business scheme. We should not be greedy of instant high payouts. We should consider a business that give acceptable profits. Let's not grab pyramiding schemes to avoid scam.
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May 20, 2018, 07:54:45 AM
 #23

the most important reason is that people afraid to invest in something they don't simply understand or even try too and once they entered this field and didn't make profits in just one month , they say it's SCAM

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May 20, 2018, 10:34:11 AM
 #24

Most of the people who are afraid to invest in cryptocurrency don’t have any idea about it. Without this they don’t have that much guts to take a risk and make 10 times more profit in a month. Without this they have a lack of knowledge in encryption technology.
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May 20, 2018, 12:11:19 PM
 #25

There are several reasons why users and other people are afraid of investing in crypto market.I think specially newbies face a lot of confusion to invest money in there as they dont have any clear idea and conception about this world.Its just a matter of time. When they get enough idea and experience then will be not afraid to invest in crypto world.
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May 20, 2018, 12:24:53 PM
 #26

Hi
The biggest problem still is that people do not inform themselves about the Crypto world and this uncertainty leads to fear investing
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May 20, 2018, 12:36:00 PM
 #27

There are many things most likely to consider whenever you're investing money in crypto..

These are:
1. Volatility of the Market.
2. They don't have the knowledge about crypto.
3. Negative news that they see or hear in social media/TV Media.
4. They were scammed and afraid to invest again.
5. Threats of hackers in the internet.

But users can also protect their computer from hackers by using:
1. Virtual Private Network for Internet Protocol
2. MetaMask Wallet
3. Not saving any private keys in your PC.

it's perfectly fine if people are afraid to invest in crypto as there are many reasons to be afraid. Proper education should go first, only then the investment should follow.

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zhekinsp
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May 20, 2018, 12:39:24 PM
 #28

There are many things most likely to consider whenever you're investing money in crypto..

These are:
1. Volatility of the Market.
2. They don't have the knowledge about crypto.
3. Negative news that they see or hear in social media/TV Media.
4. They were scammed and afraid to invest again.
5. Threats of hackers in the internet.

But users can also protect their computer from hackers by using:
1. Virtual Private Network for Internet Protocol
2. MetaMask Wallet
3. Not saving any private keys in your PC.
I think volatility is the main reason that people don't want to invest on the bitcoin and other crypto currencies and knowledge is not that much important if they can make money with any investment.But in many places the crypto currencies were portrayed wrong that it was a ponzi scheme so that may be a lack of knowledge from people.

bisdak40
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May 20, 2018, 12:43:46 PM
 #29

There are many things most likely to consider whenever you're investing money in crypto..

These are:
1. Volatility of the Market.
2. They don't have the knowledge about crypto.
3. Negative news that they see or hear in social media/TV Media.
4. They were scammed and afraid to invest again.
5. Threats of hackers in the internet.

But users can also protect their computer from hackers by using:
1. Virtual Private Network for Internet Protocol
2. MetaMask Wallet
3. Not saving any private keys in your PC.

it's perfectly fine if people are afraid to invest in crypto as there are many reasons to be afraid. Proper education should go first, only then the investment should follow.
Yes, i agree with you. Proper education on the world of cryptocurrency should be needed first before thinking of investing. Volatility makes people more afraid of bitcoin because they don't understand how to cope up with it.
komisan
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May 20, 2018, 01:09:50 PM
 #30

This is a business that nobody controls, no regulations, no legal backing. There is no one to old responsible if you lose your money to ICO.
Some people can just put themselves together and develop coin in order to swindle people.
It is an investment in the air associated with a lot of risks.
Another reason could be the threats from Government of different countries to ban crypto. But some government actually have good motives, just to regulate crypto activities that will guarantee investment security.
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May 20, 2018, 01:27:53 PM
 #31

yes, your opinion is true about some of the reasons people are so afraid to invest in crypto, it's likely they were traumatized by losing huge amounts of money while trading, or they may have had a coin / token ever stolen by a hacker.
investing in crypto is very risky but behind the risk, there is a chance we will also get a big profit.
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May 20, 2018, 01:31:17 PM
 #32

With # 3 that's what I hate.

There are people who are using cryptocurrency to make their investors believe that they are also investing to crypto but the real scheme is they are running a ponzi. Too sad for the victims, the scammers are using the name of crypto for their own benefit.  Undecided



 

 

 

 

 

 


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Benarand
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May 20, 2018, 01:40:47 PM
 #33

It's right. They are afraid to invest in a little-known industry for them, that is, crypto. Many people complain that they are in the hands of scammers and this plays not a little important role on the next attempt to invest. And there are many other reasons...
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May 20, 2018, 01:43:36 PM
 #34

the most important reason is that people afraid to invest in something they don't simply understand or even try too and once they entered this field and didn't make profits in just one month , they say it's SCAM
I agree that there were many scam investments platform, but before joining any crypto investments you should investigate at fist. Just to compare it in a sayings that if you to a war without any weapon, then you're capable of being hit by a bullet without even defending yourself being shot. Our lives was dependent on how we protect it, same as our funds used for an investment of a business we should be able to put on the armor so we won't fall off the trap of those scammers online.
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May 20, 2018, 08:19:26 PM
 #35

Well, there is only one risk in investing to crypto  as I know and that is a risk to lose money, so I guess people/users are afraid of exactly this factor
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May 20, 2018, 08:32:28 PM
 #36

Distrust of cryptocurrency arises as a result of owning a small amount of information about this innovation. If you inform a person and show him positive results on someone else's example, there will be no fear to invest.

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May 21, 2018, 01:08:41 PM
 #37

There are some people who fear what they do not understand and crypto currencies needs a deeper understanding and not just the possible profit they could gain from it. Most users are afraid due to negativities that surrounds cyrptoverse as well because there are old school investors who think crypto currencies as a joke and no value. These same people would probably invest in crypto currencies once there's another bull run in the market, just like what happened in Q4 2017.
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May 22, 2018, 01:22:49 PM
 #38

They do not understand cryptocurrencies that is why they are still afraid to invest. People do not like to lose their money and they are scared of losing their money which is the main reason they are not investing in cryptos. You would be surprised at the number of people who still that bitcoin is a scam and the ones who do not think that, think it is a ponzi scheme that is destined to crash.
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May 31, 2018, 08:41:57 AM
 #39

the most important reason is that people afraid to invest in something they don't simply understand or even try too and once they entered this field and didn't make profits in just one month , they say it's SCAM
Exactly,  most of people who are afraid of investing in crypto market, probably don’t understand too much about crypto anymore. Crypto, what more, is definitely convenient way to take part in but it required a big risk, and also it can not guarantee them a stable income as well. Especially, they can’t control their feel of extremely volatile. Yep, crypto, which is connect with internet, it goes without saying that most of us are pretty afraid of losing wallet and it is also one of  the major reason that make some be afraid of investing in crypto market.
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May 31, 2018, 03:19:03 PM
 #40

It might have to do with the fact that cryptocurrencies are very volatile, not a lot of people can handle seeing the prices of their investments fluctuate so much in such a short time. A lot of people still think that cryptocurrencies are a scam which is not true. This is one of the things that is scaring them away from cryptos, they do not know what it is  so they don't want to take any risks with it.

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