Why are people afraid to invest in cryptocurrency?

[keanne_isaac]

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.

so many reasons why people don't invest in cryptocurrency somes are lack of knowledge and understanding what crypto is. very high risk and volatile market if you are impatient and can't control your emotion then crypto investing is not for you. but i guess ghe most reasons why people don't invest in crypto is because they don't want to take the risk.

[longminh123]

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.

Yes, I strongly agree with your opinion. In the Cryptocurrency market, there are many investors who have not yet adopted any courses. This is a sad phenomenon and they pay very expensive price. So many people are scared and claim that Bitcoin is a scam.
I think we need to go through the courses to make better investment decisions and positive thinking.

[erickkyut]

There are lots of reasons why people are afraid to invest in cryptocurrency. One reason is because there is no fixed price. We all know that the price is very volatile. Another reason is that there are lots of FUDs about it. Some people are spreading negative news about Bitcoin. Decentralization is also another factor to considered.

[wuvdoll]

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.

If an investor look at Bitcoin charts and how big the crash of price was (From ~$20k to $8k-$10k in no time) he will certainly make a step back to see if it's really worth it to invest on it or no.Sames applies for altcoins,there is no investor that would like to take big risks especially with the volatily of cryptocurrency market at the current time.Bitcoin and all crytpocurrencies have to build back investors trust with time otherwise we will be seeing a permanent downtrend.

Yeah, a smart investor will obviously know that every market fluctuates and would also get to find ways to understand the market as to what makes it that volatile but that does not simply change the possibility of seeing a great future for the market.

It is just displeasing to see that most inexperienced and new investors see cryptocurrency as a get rich quick scheme and when they get to invest during FOMO, and seeing the price go down rapidly, with the mindset of it being a ponzi, they imagine how much they have been totally screwed instead of seeing where they have made a mistake, invest in the dips, see the real value and be patient for the long term growth.

[yecats]

Yes you're correct  enough knowledge  about cryptocurrency. How it really be profitable,  because  for me   investment   is for a long term process . Because when in comes in investing in crypto really high risk because  market in cryto is very volatile. And also why many are  afraid  of  bitcoin  because there a lot of  bad news  about bitcoin. There are scammers  using bitcoin.

[Zhagedu]

Why many people are afraid to invest on cryptocurrencies today is because of their understanding about crypto world, infact many called it a ponzi scheme so don't expect them to invest on what they don't know of. Some are afraid because they looked at it as a gambling ground for investment. so so so many reasons why they will prefer fiat investment than to get themselves involved in cryptocurrencies investment .

[heninur]

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.

many people may be afraid of losing when investing in cryptocurrency, because there is no guarantee to return the money if the money we invest is lost.
actually when investing in crypto, in addition to having the opportunity to become a millionaire, we also have the risk to lose all the money invested if not have patience, do not panic sell in order to gain profit.

[tuansemazi]

The market is in the red because of the reaction to bad news, the exchanges  is continuously being investigated that new investors fear, not dare to enter the market.

[VclDm]

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.

Currently large cryptocurrency exchanges in the world such as Binance and Bittrex are publicly using investor capital, which means that crypto investments will gradually be public rather than anonymous. These may cause many investors not to participate in this market.

[BarbieCasino]

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.

Because many people just think about the profit associated to Bitcoin and other crypto and enter the market without having any knowledge of the technology. This thing is dangerous and leads them to loss. And loss is the reason why people fear to invest in crypto. The traditional business have evolved so much that a large number of people just do not give a heck about the crypto and roll in real estate and property business.

[vinbentrob]

First,  we need to accept that cryptocurrency is bit easy to use and operate for average people.  Many people find it difficult to transact with cryptocurrency  they believe it's complicated.  We need to make cryptocurrency as easy as using ATM!

[NavI_027]

Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability,

Durability? If you mean the ability to stay grow in the market then not all cryptocurrency has a durability particularly to those who belong on the bottom part of the list having only small holders. So if you are going to choose a coin then much better if you'll choose among the top 10.

cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature

Of course, crypto always gives a chance to make you a millionaire but just to be clear, it is only a chance.  Meaning, there is no 100% assurance that it will be favoravle on your side, you should also consider that you may face bankruptcy assuming the worst case scenario.

[anitaraymonds]

There is a great need for education in anything you want to do in life and cryptos are not exempted. When you are prepared you will have the confidence and  not be afraid. So once you have the grip of the crypto you are ready to go. So study all and when you can.

[Lhaine]

There is a great need for education in anything you want to do in life and cryptos are not exempted. When you are prepared you will have the confidence and  not be afraid. So once you have the grip of the crypto you are ready to go. So study all and when you can.

Yes, in life you need to know all about the things you wanna do, so in crypto you should have knowledge about it ,you should study all about so what ever can happen you will know what is the best thing to do, like for example if the market are down, you should know how to keep calm .

[bitgolden]

Very reasonable, because the price of crypto has no regulation that can regulate the amount of supply and demand. Prices may change over time and are speculative.
provide the correct information so that the beginner understands the risks of investing in crypto

No regulation comes with everyone simply doing whatever they like, the whales manipulating the market for their gains and then seeing such high level of volatility makes it very impossible for anyone to even focus on the real value that the market holds, but more of it to be a speculative asset.

This has made it so uneasy for a lot of people to participate and then feel it is a lot of huge risk to take for an investment. However, for those who understand that the future can actually be awesome, they would know it is a worthy risk to take with some wisdom rather than staying away completely.

[chel0]

The reason behind why people afraid to invest in cryptocurrency is simply because they're afraid to lose.Normally when one has put in something for investment then a sudden fall of price gets in, they usually get panic then sell it away to cut loses.This usually happens to newbies or to an individual who don't have enough knowledge about crypto.So to the newbies,better do more research before deciding to get into this crypto world.

[systematicdeception]

The price is not stable, which is why not everyone is ready to take big risks. However, not taking risks, you will never win. It is necessary to take this into account when investing in something, you either get profit or not but at least try

[richardsNY]

The price is not stable, which is why not everyone is ready to take big risks. However, not taking risks, you will never win. It is necessary to take this into account when investing in something, you either get profit or not but at least try

People take extreme risks. The volatility isn't a problem at all. If you take into consideration that there are people investing in crypto with borrowed money, they absolutely don't know how to properly calculate risks. They just see how the overall market has gone up with 100-200% and think they can expect similar gains after their investment at peak levels. If people were really afraid of crypto, they wouldn't do this, and common sense would prevent them from pumping borrowed money into an extremely speculative asset class. I can't even feel sorry for people who mess up because it's their own mistake -- they have no one but themselves to blame for. These people need to be protected against themselves....

[sleekie]

people don't wanna invest because they have very little knowledge about the potential of investing in cryptocurrency, furthermore, the  incessant rise and fall in prices is a hindrance for skeptics to invest

[cryptobigly]

People are afraid to invest because they do not have the cojones to take on the bigly risk that all cryptocurrencies possess (in terms of value). Don't get left with the bag!