Why are people afraid to invest in cryptocurrency?

[magmar]

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.

We are all afraid to experience new things to come into new worlds that is why we cannot balma ethem if they cannot invest yet or even they cannot at all. There are people who are scared but have the guts to invest but there will always be people that cannot. So if you encourage them then it is great but don't force them to because they might blame you in their lost. They are just not realdy yet in the cryptocurrency and they are lacking of knowledge yet maybe if the cryptocurrency becomes famous then they will give it a try.

[Bennix]

Cryptocurrency can make One a millionaire and it can make one a poor man.people are afraid of investing in cryptocurrency because of the volatility nature of cryptocurrency nature coupled with the recent hacks witnessed on some exchange.people are afraid to invest in cryptocurrency because strict regulations have not been fully implemented on cryotocurrency. People are afraid of investing in cryotocurrency because of the anonymous Factor attached to it and that why institutional buyers have not step in into cryptocurrency.

[Triffin]

Most people find investing either too complex and  are afraid to take the first step in their cryptocurrency

Perhaps they have not fully understood the way the Crypto market works, and they only hear crypto codes, but they have not experienced it. they fear losing capital.

Yes the reason is almost like this, people are afraid of investing in bitcoin because they don’t know about bitcoin they are lack of knowledge nothing else so don’t be afraid of them, I think if we will write and share informative stuff for them so they will start loving it, finally they will trust bitcoin and they will be agree to invest.

[lekegami]

the reason why people are afraid to invest in crypto currency because they are afraid of losing their money, investing in crypto currency has a big risk and if you are wrong in making a decision then you will lose

[taktik]

the reason why people are afraid to invest in crypto currency because they are afraid of losing their money, investing in crypto currency has a big risk and if you are wrong in making a decision then you will lose

the first better days because of the high risk people badly invest the crypto currency, but only because most do not know the full information about the crypto currency and consider it a financial pyramid.

[Capradina]

Maybe some investors are afraid to invest in crypto because we know that crypto prices are very unstable. it takes to research and experience to be able to invest in crypto.

[jemarie20]

Maybe they dont want to take the risk here in the crypto that is why they dont want to invest in the crypto world its because if you want to invest your money here in the crypto you need to take the risk because no one can knows what will happen tomorrow, or when the price is falling and when the price rise again.

[jamids]

Cryptocurrency can make One a millionaire and it can make one a poor man.people are afraid of investing in cryptocurrency because of the volatility nature of cryptocurrency nature coupled with the recent hacks witnessed on some exchange.people are afraid to invest in cryptocurrency because strict regulations have not been fully implemented on cryotocurrency. People are afraid of investing in cryotocurrency because of the anonymous Factor attached to it and that why institutional buyers have not step in into cryptocurrency.

People are afraid because the concept of cryptocurrency is still new. People are afraid of something they don't know and understand because we tend to go to our comfort zone and we are not comfortable dealing with something new to us. Another thing is that it is unregulated and every time we deal with something even in traditional business, we would find permits and licenses first before proceeding with the transaction and cryptocurrencies don't have that. It is just existing digitally and we cannot held anyone accountable in case something wrong happen to our investment. Cryptocurrency is just for risk takers. Additionally, mainstream media often report about negative things when it comes to cryptocurrencies so there is already a misconception about it.

[jasonjm]

the reason why people are afraid to invest in crypto currency because they are afraid of losing their money, investing in crypto currency has a big risk and if you are wrong in making a decision then you will lose

The main reason i think is the volatility of the crypto market, any news can effect the price of cryptocurrency. Also agreeing with you on the point that it is a very risky investment and if you are new to crypto world then the risk increase.

[MiXxe]

I think what they are afraid of is the fear of losing  their investment and taking the risk.
This is what the problem of many people. They are willing to earn but are afraid to invest and take risk. They like to have an instant income without een doing anything. This shouldn't be practiced by anyone who is eager to earn.

[Tigorss]

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.

The new generation will not. That is if they will not be infected by the traditional grandma and grandpa now.
If they can make another way then they should go for it.
Crypto investing is another way and it stops the traditional mutual funds or just banking system of investing the money.
Now, it is their choice to make it happen. I hope there will always be one on the family that could push it or maybe a friend and google. 

The ones who are there in the world of the crypto currencies knowing exactly the way things work in the crypto market are not that much afraid as they know the trick of making money and that because of which, they are liking this investment very much as this is helping them in having some good earning. you can also do that but for that, you must jump deeper into the crypto currencies to gain more profit.

By investing crypto, you can achieve a financial goal, which is then used to buy something, eg home and car. You will reach the value of money more quickly by investing rather than just saving money.

[susuberuang]

I think a lot of people who are afraid to invest in cryptocurrency because I realize cryptocurrency is very new and will be difficult in use by new players who do not control the computer, better cryptocurrency education can be widely disseminated.

[s0beit]

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 are afraid to invest in cryptocurrency not because they don't trust it but because they are afraid that they might lose their money through this investment. I think people are afraid of being scam and losing their earnings so they choose to disregard the opportunities offered by cypto.

[Rollkal]

The electronic price of the altcoin is quite volatile. Some people do not have the expertise, they do not have the ability to analyze the market and they will fail from there they will not trust the market anymore.

[enwi]

the crypto currency has become increasingly famous but not everyone knows the true information about the crypto currency so sometimes they only know negatively about the crypto currency and are afraid to invest

[Bagaji]

Knowledge is power and that is what those people who refuse to trade or invest in bitcoin lack. And above all, so many of them believe that since it is not government approved currency, it may not see the light of the day or it is a spongy scheme.     

[anonymous2020]

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.

because of its volatility investors were afraid if its value fluctuates, If you dont have the guts to take the risk in investing you will have no chance to become a millionaire here..Investing always come with risks..

[francis95]

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.

yeah you were right there but in my idea their ignorance of crypto make them afraid to invest. Whenever they heard the word coins or digicoins what comes to their mind is a scam. I discuss crypto to my friend and tell him to be engage in crypto specifically in bitcoin her answer is that crypto is a scam and he is afraid to it.. Their mind were close with that idea so its hard to convince them. How I wish media would help them understand about the goodneas of crypto,in that way they will believe it.

[BitProCoin]

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

[MCJamison1987]

people have no or less knowledge about crypto.
that is a reason plus the stories that they hear from other people