What factors scare others from investing into bitcoin?

[Haryourmi]

1. The main factor that scare people away is nothing but government policy.  If the government of the nation approve the bitcoin in that nation people will be encourage to do it.
2. The second factor is nothing but time.
3. And lastly is their technology abilities.

[Bitexpert2017]

there are several factors but one of them that makes people reluctant or afraid to invest in bitcoin is the government ban to legalize bitcoin in the country, this makes people think hard to jump in bitcoin.

[soikot0012]

only one factoe scares me from making an investment into bitcoin and that is the cash, ico, tokens, cash that are new within the gadget and has a excellent undertaking so as to quickly perhaps one of the best enemy of bitcoin in terms of number of customers and rate.

[HanaTenun]

there are several factors but one of them that makes people reluctant or afraid to invest in bitcoin is the government ban to legalize bitcoin in the country, this makes people think hard to jump in bitcoin.

agreed, the factor that is still considered the biggest risk of this investment is the government ban on bitcoin investment. indeed the government does not prohibit it, but they have responded that it does not advocate bitcoin investment because of the very high risk of loss. but if we learn bitcoin first I think the risk of losses can be minimized.

[Gankstard]

What scares me the most at the moment is all of the shitcoin cryptocurrencies getting their algorithm hacked/abused to gain allot of coins with mining. After that they are getting dumped like crazy for BTC and cashed out for Fiat wich lowers the price of bitcoin. And causing a downwards trend for the bitcoin. Apart from that there is still to much news from exchanges getting hacked wich make new investors scared to join in.

[RamseyJoyce]

I think because of its price, market volatility, the price of it is falling down and they are afraid of losing money so many people are still hesitant and some people think bitcoin is not legal and not recognized by the government

[kadutz25]

I think it may be because the price of botcoin is unstable and the final price is decreasing so one of the reasons for fear for investors who want to invest in bitcoin all investments is definitely at risk so I think the unstable bitcoin price is making investors afraid to invest in bitcoin

[walemil]

What i see as the reason for people getting discouraged in investing in bitcoin is the thinking that the price may keep going down and as a result their investment will be lost. This can mainly happen to the people who have no knowledge of how bitcoin works.

[killat]

Everyone talks about market manipulation when the market is in the red. Where were you when we saw 60% gains every day for 2/3weeks straight?

People always find something to complain about when the market is correcting. Yes these things happen, no these things dont dictate the market.

Instead of complaining, try to understand the market and adapt to it instead of blaming whales and what not.

[xWolfx]

First, i am not a world expert but you need to improve your grammar.

The fact that it is not a widely accepted currency makes it a lot less impressive for regular people and when some of them fearlessly decide to accept them or use them in their everyday lives, guess what? It drops and they lost half their money(thats how they see it) and a lot just go and panic sell to not "lose it all".

Media and some particularly oppressive governments have a lot of the credit also, since they feed people with wrong information making the fear even more powerful and widely spread. It's just a matter of time until a good amount of smart people learn how to see behind the smoke.

[harrylucky67]

They are afraid of the bitcoin crisis right now that the market are crashing they think that market will not recover and aside from that lack of knowledge about crypto currency.That's obviously impossible but many desire that.

[Emigham7]

The crypto market continues to take a beating with ETH down 3% in the past 24 hours and BTC down 4%. The general consensus is that the recent decline is due to a slump in trader confidence after:

Multiple major hacks, most recently: Bithump and ClearCoin
Pump and dump schemes
Wednesday's announcement that the US Department of Justice seized $20M+ in bitcoin from illegal vendors.these are some of the factors. Including the issue of scam and hacking

[tonyteo13]

Various factors influence people's opinion about bitcoin.That is why many people treat him very negatively, for example, Buffett. He says that bitcoin will end up with something very bad.

[Pasaway2701]

Various factors influence people's opinion about bitcoin.That is why many people treat him very negatively, for example, Buffett. He says that bitcoin will end up with something very bad.

People afraid to lose on investment and seeing the situation in market the price is going down which make lose profit when you invest earlier unlike today. They do not believe on the potential of the coin which make them regret later on. One factor is that being volatile of the coin and unstable change which cannot make profit for the short time but it can when holding it for long time. Bad news and scams make us afraid to put our earnings away from risks.

[wahyu5]

Many factors that affect people not to invest bitcoin, one of them is fear of loss and fear of punishment, this happens because the price of bitcoin is unstable and the prohibition of bitcoin use by the government of a particular country. So there are some people who prefer investing that they consider safer and not too big a risk to losses, such as land investment, home, or any other

[roadwell890]

almost the majority of people want a sense of security when he has a BTC
one of which is the stable price will be an added value for new investors, because HODL BTC is very risky, where there is no clarity for BTC in the future, whether BTC will be big, or will be destroyed

[thenameisjay]

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?

Well, the volatility is pretty scary. Bitcoin price can be as high as a skyscraper one minute and then decline back down to hell in another. Very scary specially for a newbie investor, but it should be scary. It should be more of an opportunity specially when investing high.

[jonaire99]

Aside from its high volatility and rapid price fluctuation, some people thought that bicoin is a scam which used by some group in their illegal trades. Scammers turn to bitcoin by inviting people mostly in the social media to invest in their online investment offers. These people need to educate themselves first on how to use and invest in cryptocurrencies to avoit further lossessm
.

[Casa_de_Nova]

What scare people firstly is that they about to lose their money for nothing but they dont know that btc is a whole life investment also may be the revolution between up and down pump and dump the reason which frightene's people

[peacefulpeace]

1. a big factor is : legal issue. it is not legal and not acceptable in all country.
2. also some people scare because bitcoin is not commodity, nor currency.
3. Prone to illegal activity
As we know due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage. “Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities,”

other factors may include
1. Press propaganda, this is a very tough factor that hinders bitcoin, bitcoin is not press friendly and as such the press are doing all they can to make sure bitcoin does see the light of day.
2. The banking system are scared bitcoin may take the place of the banking system, the banking system are doing all they can to discoursge investors willing to invest from doing so.
3. Another factor is that bitcoin is not well publicize, the publicity of bitcoin is not well enough and as such very few people are aware of bitcoin. no one will want to invest in what he/she knows nothing about.