What factors scare others from investing into bitcoin?

[4rzun4]

Every citizen would be afraid of legal sanctions if it violates the rule of law applicable in that country. Prohibition of bitcoin use by the government in a country, will certainly make people afraid to use bitcoin and invest bitcoin. They will definitely think if something happens to bitcoin they have such as theft, then the state will not help and protect them. So they will definitely choose other government-protected investments and get security guarantees in case of theft.

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[Jingjess]

One factor that scare others from investing bitcoin is that bitcoin is not yet  totally  legalized worldwide though bitcoin is already known all over the world but there are still more countries that ban bitcoin.

[queenstella]

Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.

The factor scaring others from investing into bitcoin ranges from the following :

Bitcoin Valuation Fluctuates
No Buyer Protection
Risk of Unknown Technical Flaws
No Valuation Guarantee
No Physical Form

[MetalGear]

I think that people are afraid of investing in bitcoin to reduce its price, they think that it will continue to decline, I also think that it will rise in price

Yes, people are afraid to invest in bitcoin cause the value is very unstable they always think that bitcoin will continues decreasing, they scare to loose there money, but I this is only temporary cause soon bitcoin will increase and give high profit in our investment.

[itrade777]

I think one of the major factor that affects investors for investing from bitcoin is that the security of cryptocurrency is not yet secured. We are proned to the scammers and hackers that even big exchanges have been penetrated by such doings.

[rose9696]

I think one of the major factor that affects investors for investing from bitcoin is that the security of cryptocurrency is not yet secured. We are proned to the scammers and hackers that even big exchanges have been penetrated by such doings.

Another factor that made people afraid of investing in Bitcoin was probably its unpredictability. Although price volatility is getting smaller, it shows that Bitcoin is becoming more stable and demanding more sophisticated investments. More and more people are joining this investment market and the competition has become fiercer than before.

[PM.coins]

the basic thing people are afraid to invest in BTC is not to understand about BTC itself. perhaps also from an unstable market situation. basically investing is to gain a lot of profit (certainty). but actually bitcoin has proved to be the best coin at the end of 2017. even today bitcoin is still the best and popular.

[MinerFTW]

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?

In my opinion, there is no doubt that the main thing that scares people to invest in BTC is the high volatility. Everybody expects when they invest N a number of money, just to wait a little and then get this money multiplied by a lot. But investing in the crypto market is for long-term investments, and you can not miss one or two major drops in the market when your investment value drops by at least 35%. You just do not have to worry about such things.

[conected]

One factor that scare others from investing bitcoin is that bitcoin is not yet  totally  legalized worldwide though bitcoin is already known all over the world but there are still more countries that ban bitcoin.

- The ban did not affect too much to think about investing in bitcoin because when we want to invest in Bitcoin, we know very clearly that the government can not control us, the ban is useless, we have investment, the government also do not know. So we can eliminate this factor, the reason we should think of is probably the negative news and the control from the forces behind the bitcoin, nothing is too weird when we always hear bitcoin is a tool to make money for hackers and fraudsters then the pumping and dump of the whales, danger is always beside and no one is responsible for the loss, which makes many people afraid to invest in bitcoin

[cryptoguy1234]

Unpredictability is the primary reason that startling the financial specialists whether they or old or new speculator on the off chance that they came here just to profit from the bitcoin.And the air pocket story keep the new kid on the block financial specialists in freeze conditions dependably when they are making tracks in an opposite direction from the bitcoin it will make the value fall all the more so causes the quick value fall in the crypto prices.And other reason that numerous individuals who don't recognize what is the innovation behind the bitcoin are surmise that the ponzi plot so they continue advising the other new individuals not to contribute on the bitcoin which frightening them.

[davidka]

There are a lot of factors that make people afraid of it, investing bitcoin for lack of understanding and awareness, may be one of the reasons people do not invest in bitcoin, they believe that the media stories about the price reduced bitcoin, unacceptable bitcoin for a country and more media on bitcoin dificiency.

[Abiky]

Well I think the major factor here in bitcoin is that not all people are aware on what bitcoin really is. Also other people who do not belong in high and middle class think that bitcoin is just a scam nothing more, nothing less.

I've already meet people who are against in bitcoin, I remember the scenario back then " if you are looking for a investment you can choose bitcoin" but her fiirst reaction is NO  i dont want to its a scam.

She have the capital wherein she can start investing here but like what i've said earlier due to lack of knowledge about it she refuse to enter this cryptocurrency.

Yes. I believe that the lack of proper education of Bitcoin, is what makes most people afraid of investing into it. Many people who don't know what a blockchain is, or how a cryptocurrency works, say that Bitcoin is simply a scam and it will fail in the long term. However, those who get in, and learn more about Bitcoin, will realize that nobody controls it, and they're in charge of their own money. Another factor that greatly limits people from investing into Bitcoin, is the instability or volatility in its price. Within any moment they could either become rich or lose it all.

As such, it'll be difficult for anyone to deal directly with Bitcoin, as its value is not certain yet. However, with proper regulations from governments, and education about cryptocurrencies across the globe, then I believe that people would feel safe to invest in Bitcoin or any other kind of cryptocurrency. Until that happens, we'll keep seeing people afraid from investing in Bitcoin for the long term. Just my opinion

[Arumi.Bilqis]

there are many factors why many people still fear and do not trust bitcoin and also many government regulations that prohibit its existence but many countries that legalize the existence of bitcoin because the government considers that bitcoin can have a positive impact on the economy and development of the country, and all depends on how to take clear I always think positive and make it as a source of income

[laryillary]

Despite the fact that the leadership of the largest payment electronic system has not stopped repeating for a long time: bitcoin does not have a "fair" value, and the volatility of the first crypto currency does not give the opportunity to use it as a real means of payment because of high commissions for the operation.

[edavis38156]

The lack of awareness is one of the major reasons for the people not to get involved with Bitcoin because they believe the media stories without doing their own research and trying to understand what Bitcoin and blockchain technology is all about and how it works.

[athlete]

People are simply not ready to review their thinking, many are frightened by something that can not be touched or felt, and it is necessary to buy it for the money that many have earned with hard work

[iotarocket]

I think two factors that scare people are the media constantly calling bitcoin a bubble and people not understanding the technology, similar to the public not understanding the internet in the early '90s. Unfortunately the herd will invest once the bull market is back in full swing.

[megaradux]

I'm not sure about others, but for me its the fear of investing in coins that are pump and dump. They will never turn out good.
I get rekt multiple times even when i'm very condifent about the future of a coin. I just cant handle the manipulation.

[Layers318]

The instability in the price of Bitcoin and the whole crypto market is one of the main factors that wards off a lot of investors as they find it very difficult to come to terms with it as to when to invest and when to get their returns. Also, governmental attacks on Bitcoin has a role to play in scaring investors to Bitcoin.

[Amy Halll]

I think one of the reasons is by law. In many countries around the world, state exemptions when people use electronic coins are not controlled by banks and there is no clear law on Bitcoins. Bitcoins are not protected by law and the state is not responsible for the risks they face