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Xising
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June 17, 2018, 05:48:12 PM |
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Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability, cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature, people fail to understand the fact behind cryptocurrency investment, most times the people trying to invest may not have a maximum knowledge of cryptocurrency.
I think it mostly comes from the idea that the market is always moving into some negative scenario like the for example the value of coins always dropping or it being volatile. It is natural for people to doubt if investing in this market can really yield anything good in the because of the negative news surrounding the market plus the words of caution that governments and businesses always tie up with it. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Marahunter
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Activity: 308
Merit: 11
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June 17, 2018, 08:46:54 PM |
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Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability, cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature, people fail to understand the fact behind cryptocurrency investment, most times the people trying to invest may not have a maximum knowledge of cryptocurrency.
I have invested for the better part of this year, and I must say cryptocurrency investment is not easy. THere is no easy money to be eanerd, having learnt this the hard way. Better to have a day job on the side until you are able to earn a significant return on your investment |
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terrific
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June 17, 2018, 09:03:29 PM |
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people fail to understand the fact behind cryptocurrency investment
This is one reason, they only think that crypto's are sort of scam online and they don't want to study more about it so they are afraid of knowing more and investing to it. most times the people trying to invest may not have a maximum knowledge of cryptocurrency.
That's why they fail to understand crypto's, they are not doing research and it doesn't matter if its maximum or not, they only need to have basic knowledge on it. |
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minime0105
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June 17, 2018, 09:33:49 PM |
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I agree, the market is too volatile and sometimes unpredictable. One bad move and all would be gone. Plus, all this pump over regulatory rules placed by different countries can put people off. |
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Everandi
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June 17, 2018, 09:44:06 PM |
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Actually there are lots of reasons for that, most of people still dont know about it, others are scared of something new.
I didnt hurry to invest, cause you might get from 100 to 0 in no time without any fundamental knowledge
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juragane
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CAT.EX Exchange
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June 17, 2018, 10:39:20 PM |
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it seems they are often afraid to invest in cryptocurrency probably because they are less educated so they end up afraid to invest in cryptocurrency.
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TravelMug
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June 17, 2018, 10:45:02 PM |
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it seems they are often afraid to invest in cryptocurrency probably because they are less educated so they end up afraid to invest in cryptocurrency.
Right that's why who invested in December got burned when the price free fall at the current rate. So now they are really afraid to go back to the ecosystem again because their desired returns didn't materialized. And then governments and banks are trying to negate what bitcoin has established specially last year. They are trying to pull it down but making several statements and even disallowing their people not to trade and they will no longer honor bitcoins just like India and Pakistan did. |
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AlehandroTheGreat
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June 17, 2018, 10:46:45 PM |
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There are a lot of risks with crypto investing, a lot of people are afraid of something new + knoweledge of risk investments
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Hatuferu
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https://trueflip.io/
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June 17, 2018, 10:52:35 PM |
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it seems they are often afraid to invest in cryptocurrency probably because they are less educated so they end up afraid to invest in cryptocurrency.
Yes.Less educated about cryptocurrency and so they tend to be coward in investing in cryptos knowing it's a risky one and its prices suddenly fluctuates from time to time.But if you are a knowledgeable one,you must be prepared for its bests and worst results in such investments.Because not all the time you will gain good profits,sometimes you will also lose.And that's the nature of crypto.If you will not also take risks,you will only gain nothing. |
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Arwinkim
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June 17, 2018, 10:55:38 PM |
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In my country, when people hear about Bitcoin, the first thing that pops up in their head is 'gambling' or 'scam' because they only think that making money only happens in the real world. There should be a group of people to educate people about cryptocurrency voluntarily, at least. It is important to make the young generation aware of their surrounding. They don't need to work like regular worker if they know they also can make money online by understanding how cryptocurrency works. They may choose it as their main or side job.
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The_Dark_Knight
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June 18, 2018, 02:23:09 AM |
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Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability, cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature, people fail to understand the fact behind cryptocurrency investment, most times the people trying to invest may not have a maximum knowledge of cryptocurrency.
Just look at the charts since January of this year and you will get your answers many of the people here in this market are here because we believe bitcoin can change the world but for those that only care about getting profits the volatility of the market can be a very big issue especially if they are not risk takers, this market is not suited for most of the population that are used to getting 3% per year on their investments. |
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MAJICOIN
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June 18, 2018, 02:29:28 AM |
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Due to people preference and the scams which happen in the market can make people afraid while investing in crypto currency and bitcoin and other old crypto are good for investment with out fear.
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Yramesor0
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June 18, 2018, 03:04:33 AM |
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Without any background or knowledge about cryptocurrency is one of the reasons why people are afraid to invest in cryptocurrency.Investing in it is just too risky especially if you have no idea how it works.Better to do research and ask advice to someone who are already into this to earn more profits rather than big losses.
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ralle14
Legendary
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Activity: 3178
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Metawin.com
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June 18, 2018, 03:26:58 AM |
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I didnt hurry to invest, cause you might get from 100 to 0 in no time without any fundamental knowledge
If you're going to invest on Bitcoin you won't be losing everything right away. Only alts/icos are the ones that could make you lose everything. It depends on which ones you're going to invest on, not all crypto will have the same expected results. And then governments and banks are trying to negate what bitcoin has established specially last year. They are trying to pull it down but making several statements and even disallowing their people not to trade and they will no longer honor bitcoins just like India and Pakistan did.
Bitcoin isn't totally banned in India and despite of the bad news these two countries still have a decent trading volume. https://coin.dance/volume/localbitcoins/INR/BTChttps://coin.dance/volume/localbitcoins/PKR/BTC |
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pragna
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June 18, 2018, 03:30:28 AM |
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ya, at present condition of market prevent men to invest in cryptomarket. If you look at BTC price last one year you will also surprised. $19500-$6500. That's a big big thread for investors. On the other hand no body can not control it like normal market and no sutter us working when market is go down. I think that is the main fact for afraid to invest in cryptocurrency.
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ajiejot
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June 18, 2018, 03:40:26 AM |
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Because they have lack of knowledge of cryptocurrency. Every people should know the basic logic that never invest in what you don't understand. That's what I think the reason is why people afraid in cryptocurrency. They don't know it. And some people also investing in cryptocurrency that don't know anything about it, at the end, they keep losing their money.
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Missterio
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June 18, 2018, 05:08:18 AM |
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I think that many simply do not understand this and on this they are afraid. Because it is a complex technological thing requiring experience. Many people simply do not know how to use a computer, not to mention such a complicated world as crypto-currencies
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Rodeo02
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June 18, 2018, 05:43:48 AM |
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I think that many simply do not understand this and on this they are afraid. Because it is a complex technological thing requiring experience. Many people simply do not know how to use a computer, not to mention such a complicated world as crypto-currencies
better understanding are always there that you have to take for while are you in trading and yet this is so much thing to be that we must do a lot of people have some choices to be because this is what they loved to do with and i believe also that this is so much kind of what we loved to do. |
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knight20
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June 18, 2018, 06:03:04 AM |
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I think that many simply do not understand this and on this they are afraid. Because it is a complex technological thing requiring experience. Many people simply do not know how to use a computer, not to mention such a complicated world as crypto-currencies
Experience is not only the requirement to invest in cryptocurrencies. The main point is to adapt the modernization on how they will invest their money into a legit and safe investment. People are just afraid because of spreading fake ads, fake news and fake sites o invest. |
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