Why are people afraid to invest in cryptocurrency?

[EdenHazard]

For a newcomer let alone those who are new to the investment world, by looking at the development of the price of cryptocurrency they will be afraid to spend the money. Investing in cryptocurrency is very cruel plus some media who write investments in cryptocurrency have many risks. The word 'risk' is reasonable in the investment world but the word of 'many' will make new investors think aloud.

Investing in cryptocurrency is only for someone who has great guts and is not afraid to take risks. So if to this day those who survive to invest in cryptocurrency are those who have great guts. Why do I say like this? because I have not found a cruel investment place like cryptocurrency.

[Ranly123]

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.

People commonly afraid to invest in cryptocurrency due to lack of knowledge in how it could change someone's life. Also there are some false news and information that has spread that cryptocurrency is a scam. That is how I evaluate why people afraid to invest in crypto.

[Insanerman]

Simply because they dont fully understand that "Money can work for them". They are being prisoned in a poor mindset that "They are the only one who can work for money". This people are being trapped in only 2 emotion "fear" and "greed", this is the reason why they are afraid in investing money, because they  dont have any guts to lose some money, they are just being afraid. Because they are imprisoned in fear they are also being greedy that is why they are trap in their everydays lives. Work to earn, they didnt realize how money works.

[Direwolve735]

People are afraid to invest in the crypto currency, because volatility in this market is very high, the market isn`t settled, there are no laws that are the same for the whole world. In addition, an important role is played by the media, which, instead of really considering the pros and cons, continue to publish myths about the dangers of investing in digital currencies. People, who don`t want to understand crypto-currencies themselves, believe such myths and don`t invest.

[Choii]

There's a lot of reason why people afraid to invest in cryptocurrency, but the most reason why because of luck of knowledge, they didn't know how the cryptocurrency works. And also they afaird of losing their money through crypto,

[gurang]

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.

they are afraid because they think they might fall or think they might not be so much of a person now negative about their thinking they do not think of those positive side or trust in themselves

[maminelly]

usually think of the reason people are afraid of investing in cryptocurrency, despite 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 usually have a tremendous interest in Crypto, with what many people have achieved so crypto is a top choice for many but sometimes they rush to take decisions and do not consider other things like knowledge that much better.This is what makes investors fail....

[Nonie]

I think because the price is going down very deep. if people compare with last year's price it's so far away so maybe it makes people afraid to invest again in crypto.

[systematicdeception]

If we compare the graphics of Bitcoin and Ethereum, then we can say that it is more similar to the chart of the second one, because it shows elements of a reasonable and logical movement. At the moment, the cost of one Ether coin is $ 1,065, and in this range it is traded for 10 days.

[littlebill16]

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.

There are numerous factors as to why a person may feel inclined to be fearful in investing in cryptocurrency. As you said, not having the proper knowledge behind the concept of cryptocurrency and its role in society is one major key. Also, a vast majority of people are pulled towards stability, especially when it comes to finance, so if the news or media outlets are speaking negatively against cryptocurrency or there is a huge drop in the market which causes loss in investment, it is not going to be attractive towards people who are not interested in its risks. Cryptocurrency can be a way to get rich quick, and who doesn't want that, but it's not a simple means towards that end, which can be intimidating to people who are skeptical about putting the time, energy, and money into something less concrete than what they are use to.

[MinerHQ]

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 your thinking only in one direction of price movement. If one got a chance to become a millionaire from this investment then they also can lose their investment if market conditions are not good and that's why non-risk takers will always think many times to invest on these high-risk investments. Only investors who have pass seen last time down market knows that bitcoin can go up if they hold for long-term but newbies will be scared when prices continuously go down.

[lablab03]

For me the reason behind why people/investors afraid to invest on crypto currency, it is because crypto currency is so volatile and risky to invest , and because also of some issues that always happen in the crypto market nowadays such the manipulation of price which is very unpredictable honestly , that is the main reason why investors declined crypto nowadays and became afraid to make an investment on it again.

[beezunus]

may be the reason why people are afraid to invest in crypto currency of course the risks because investing in the crypto currency  have a high risk and can make you lose money, and they are not ready to face those risks

[futureofeth]

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.

People commonly afraid to invest in cryptocurrency due to lack of knowledge in how it could change someone's life. Also there are some false news and information that has spread that cryptocurrency is a scam. That is how I evaluate why people afraid to invest in crypto.

Knowledge is not the major concern because volatile is a major concern which people cannot able to hold the coin long term. They need to understand market will not be positive every time so we have to take chances in order to wait for patience until our turn comes. That's how the market will test our patience.

[West0813]

We all know that investing in cryptocurrency has some risk. Maybe this is the reason why other people are afraid to invest in cryptocurrency. They are afraid to lose their money.

[SportaICO]

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.

This statement makes sense because of the future possible law regulations imposed on cryptocurrency usage. No one knows how the government might react in the future.

[bozo333]

This is right time to invest in cryptocurrency so many peoples are buying more cryptocurrency in current dip. But some peoples are panic to invest in cryptocurrency because of sudden dump so some peoples are thinking it is good for our future profit and some peoples are already invested in this platform so they are all afraid in this situation.

[herurist]

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.

Afraid because they don't have knowledge and fund to start, this is the main reason. Second, they don't want loss. There's no perfect strategy and expert person, sometimes they will face this risk. I believe those reason make people afraid to invest in crypto, make time to see crypto as big picture will help you understand afraid is not necessary.

[KesoNie]

Simply because they dont fully understand that "Money can work for them". They are being prisoned in a poor mindset that "They are the only one who can work for money". This people are being trapped in only 2 emotion "fear" and "greed", this is the reason why they are afraid in investing money, because they  dont have any guts to lose some money, they are just being afraid. Because they are imprisoned in fear they are also being greedy that is why they are trap in their everydays lives. Work to earn, they didnt realize how money works.

They don't have any idea what does a bitcoin could bring great opportunity in their lives. They didn't know the real uses of bitcoin in the society today as a source of income. At the meantime they only knows nothing seriously about bitcoin because they all choose to believe in a fake news that makes them feel afraid to get involved in a world of digital currency.

[valheru]

Cryptocurrencies are dissimilar to physical currencies. Cryptocurrencies have more profit but on the other hand, the chance of losing is higher than physical currencies.

Some people are afraid to invest in cryptocurrency because its risky and its volatility is very high, and some are just afraid to invest because of scams happening around the world.

I agree. Bitcoin thefts are changing the ideas of people who will invest in Bitcoin. Consequently, these people perceiving the bitcoin as insecure.