What factors scare others from investing into bitcoin?

[dillema018]

Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?

Some people will not join this investment because of the KYC in which they.might have secrets that may reveal like tax invasions or maybe they have some offense records in which they can't really to join the investments. Others fear the KYC because they don't like the inconvenience way during their investments processing because its time wasting for them due to some of the ICO's that are using Bitcoin platform takes long time of approving the KYC.

Investing is a risk thing, for young investors it will be hard to decide if they will invest on something that has volatility in its price like bitcoin, they will also maybe think that it will give them some head ache because of its unstable value.

[mung_nasib]

Perhaps the factor that makes a person afraid of investing is that there is often a ban on bitcoin in sharing the country so that these problems often make the bitcoin exchange rate decrease dramatically and the majority of traders suffer losses if it is difficult to withstand emotions.

[royalcrypt]

One should be aware of what moves this market, but its the market maker that chooses the direction, and then those that see it follow along and make money. Those that don't and go the opposite, lose.

[Laura45Banks]

Is the risk that Bitcoin brings or not? I'm not sure if the Bitcoin market is stable in the coming years, everyone is concerned about the high Bitcoin value and the scarcity. That may be a few factors.

[btccointalk]

People feel it is risky to invest in bitcoins because values changes everyday. It's too volatile.

[Dimon 12]

I think people's reaction is so, because bitcoin is a new phenomenon! Many people have not yet had time to adapt to the digital economy! This process needs more time! The states even did not understand how fast the progress is moving! And the big players are waiting for the regulators to enter!The volatility is very big, the wild west! It's like a gold rush! But modernity is being wiped out by the authorities!Bitcoin will live, and everyone will start using in the next 5 years!!!

[Kingsingle]

Because BTC is quite risky we may lose some of our capital if we are not careful, while now it is constantly falling to the lowest price, maybe in a short time the price of BTC will increase again.

[Cinemo]

Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?

People who are still afraid to invest in bitcoin can happen because they do not want to take risks to investments whose value is fluctuating, still not fully trust the bitcoin which in fact has not been fully supported by the government.

[travelgear17]

Bitcoin still has no longer obtained permission from their u . s .'s authorities.there are also other factors that make people afraid to spend money on bitcoin because the authorities inside the us of a prohibits bitcoin and also there are elements that reason humans do not want to spend money on bitcoin because there are hackers.

[Saveplus]

Bitcoin was decentralized and its hard for somebody to tract our transactions.The factors that every investors scares on it is they did not know what happens next in the price value either it may get increase or decrease ,maybe their profit gone immediately.

[Joriecoinbit]

Bitcoin was decentralized and its hard for somebody to tract our transactions.The factors that every investors scares on it is they did not know what happens next in the price value either it may get increase or decrease ,maybe their profit gone immediately.

They're afraid because either they'll earn profit in bitcoin, or they'll lose their capital. Other factors that scares investors to invest is the lack of knowledge. They're not yet knowledgeable enough about cryptocurrency. They still need to learn the technicalities before investing into bitcoin.

[rnssol]

The most important and obvious factor is that not all countries accept bitcoin as a currency because of its volatility and somewhat lack of credibility. If bitcoin was backed by a strong system and had credibility, people would be less reluctant to invest in them.

[Zalaster]

Until the legality of bitcoin is resolved, many will doubt it as an investment. In addition, the volatility of the price affects, which is the main deterrent.

[uDwcHYO]

maybe because they do not understand what useful this tool gives?

[Andrey13101991]

I think that most people are frightened by bad news related to the crypto currency and negative feedback from so-called traders who lost their money because of their inexperience.