What factors scare others from investing into bitcoin?

[Danisababy]

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?

Many people joined in bitcoin because of the thought that it can help us to have additional income and we think and hope that through bitcoin we can be rich. But most people are also scared to invest in bitcoin because of its volatility where the price fluctuates and the people get panic and would think when the price will recover. Another thing is also the acceptance of the government. There are some countries who are accepting and maybe made the bitcoin legal, but there are also countries who banned it and made it illegal. I think these two factors are two of the most reasons why people are scared to invest in bitcoin.

[wahyu.prist]

I believe that price volatility and legal status are the main concern for anyone to think about their involvement in Bitcoin and other crypto currencies. I do not think that there are other problems like technology or user friendliness. Lack of awareness is one of the main reasons for people not to get involved with Bitcoin because they believe the media story without doing their own research and try to understand what is Bitcoin technology and blockchain and how it works. Thanks

[manhhieudb4]

When investing in bitcoin the fear of everyone is that the hacker steals away his wealth and investment without profit is not high.

[roshanface123]

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?

It is not accepted in all country, some of the country is declared it as illegal. It is the main factor.
 It has no government support is the next factor.
And also there is a chance for  sudden declining in the price level of bitcoin is the another factor.
These all are the factors which scare others from investing into bitcoin.

[Jetakenare]

In Nigeria where I come from, bitcoin and altcoins are the new thing. But many people get scared once they realize how volatile the market can be,coupled with the fact that there has been a lot of get rich scams centered around bitcoin. Bitconnect etc made it even more difficult for investing in bitcoins. There have just been too many scams. And most people do not bother getting properly educated about the benefits and how to invest wisely.

[EnricoGomez]

Influence of the media and government mostly.
The media seeks its negative side more than its positive, often questioning its uses especially on scams and illegal activities. Governments of course still support fiat as it is traditional annd certified effective, there will be a difficulty in finding establishments accepting bitcoin.

[Bhalibad]

There are many factors due to which an individual is scared to invest in Bitcoin

• volatility- The high volatility causes huge price fluctuations due to which people are scared in investing into BTC
• Legalisation- Bitcoin is not yet legalized in many countries which make people step back from investing into BTC
• Scams- Many people get scammed investing BTC into scam ICOs which has also become a factor now.
• fear- fear is a major factor why people don't invest in BTC. The fear of loss cannot be taken by many people.
• technology- many people are still unaware of how to use the Bitcoin and the blockchain technology which is why they have not yet invest into it.

The biggest factor of people for investing bitcoin, is scammer especially when the people they don't  know how does bitcoin works because mostly people they can influence for negative thinking from media, that s they are so scared of investing bitcoin, especially money investment.

[Cutieh01]

Influence of the media and government mostly.
The media seeks its negative side more than its positive, often questioning its uses especially on scams and illegal activities. Governments of course still support fiat as it is traditional annd certified effective, there will be a difficulty in finding establishments accepting bitcoin.

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There are lot of factors that scares other from investing into Bitcoin, such as negative news about Bitcoin which is made by crypto haters, hackers, and government. If government is not fully adopt Bitcoin this could cause hesitation of investor to invest in Bitcoin.

[BitcoinHodler]

the only thing that can scare people from investing in bitcoin is lack of understanding. there are only two groups in my opinion. those who understand what bitcoin is all about, they either don't want to invest in it because they don't find it useful (which aren't that many people) or find it useful and invest in it. the other group (which is a lot of people) is those people who don't understand what bitcoin is all about. they just see it as something you buy and make profit. nothing more nothing less. these are the ones who are scared both when they haven't invested and when they have.

[Cofee.BLUE]

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?

I think the main factor why some other people are scared to involved to it is because of the risky that it's system has. People are afraid to loose so they really hesitate to go with it. However, there's a lot of people that are still willing to engaged to this.

[Walter789]

There are different factors that many people scared to invest in bitcoin. The volatility of all cryptocurrency in crypto market especially bitcoin is one of the strands that affects people to invest in bitcoin. Lack of information and understanding with bitcoin thats tends to scare others to try investment and trading in cryptocurrency and also bitcoin.

[wormgummy019]

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 own opinion, the other factor scares others from investing into bitcoin is the security. I think they are afraid in investing in bitcoin because they don't trust bitcoin because there are news that there are scammers in bitcoin so I think it is the reason why.

[Giftedcrypt]

The scary factor's about Bitcoin.is yet to be legalized in any given countries, then persons with the capitalist mentality want to see their money working for them..

[vickycoin05]

The scary factor's about Bitcoin.is yet to be legalized in any given countries, then persons with the capitalist mentality want to see their money working for them..

The scariest factor why some scared to invest in bitcoin is that they do not have enough knowledge about it and most specially they heard false information and feedback that involves bitcoin.

[mahilchii]

I hope the traditional fiat system people used for centuries and the traditional paper money still stuck in people's mind. The digital era has been very new to them and the new generation already accepted it but the existing generation is still lacking in advanced digital technology and scared of new era. It will take some time for them to accept and believe in Bitcoin but for sure they will be in.

[Valer4ik]

I feel a certain level of discomfort with respect to bitcoin, although in general I am open to crypto-currencies, if in the future bitcoin takes a significant share of the financial market, this will be due to the natural evolution of money.

[sindikat]

I hope the traditional fiat system people used for centuries and the traditional paper money still stuck in people's mind. The digital era has been very new to them and the new generation already accepted it but the existing generation is still lacking in advanced digital technology and scared of new era. It will take some time for them to accept and believe in Bitcoin but for sure they will be in.

This misconception. In fact, cryptocurrencies cannot replace Fiat. In your understanding, money is only a way to get the necessary goods into the property. But it's not. Fiat is an important part of the functioning of the state economy. cryptocurrencies can't do that. Why do you need money if your state is in ruins?

[Jian_Liux]

Yes a lot makes people afraid to invest in bitcoin because of their background who are not familiar with bitcoin and they are also afraid of losing all their money after they invest in bitcoin so they do not really understand about bitcoin and they also do not want to lose all their money

[Gotumoot]

I believe that price volatility and legal status are the main concern for anyone to think about their involvement in Bitcoin and other crypto currencies. I do not think that there are other problems like technology or user friendliness. Lack of awareness is one of the main reasons for people not to get involved with Bitcoin because they believe the media story without doing their own research and try to understand what is Bitcoin technology and blockchain and how it works. Thanks

Its volatility caused a sudden dropping of price and because of that some investors sell their bitcoin and then the supply and demand are being affected. For us long in bitcoin, we know that the dropping of its price is normal, because we've been through these for many years. The problem is the people who are new in bitcoin are easily deceived by the bad news spreading on the social media.

[kingkongcorp]

Yes many bad factors about bitcoin and many people are also afraid to invest in bitcoin because they are afraid their money is lost after they invest in bitcoin and they are also afraid after they buy bitcoin and bitcoin them in the hack what they can do