What factors scare others from investing into bitcoin?

[josephpogi]

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 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.

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1714746333

[rindayle]

Bitcoin is an electronic asset, a new currency that has a complete decentralized system. Many are afraid because they do not know what and how it works. Investment always causes fear and gives a certain risk.At the moment, the cryptocurrency is developing and doing everything to give confidence to people.

[JPage]

I think that people are afraid to invest in bitcoin because bitcoin is not provided with anything and therefore has no value. People are afraid that at bitcoin there is no central bank, it is not controlled by governments and does not exist physically.

[Kathleen Martinss]

May be due to their ignorance. The lack of knowledge and knowledge of bitcoin makes them afraid to invest. They are afraid of the risk that bitcoin brings. In addition, the fact that many newspapers report bad news about bitcoin has made many people afraid to invest in bitcoins

[danyakotletkin2018]

Very large risks - this is currently the most repulsive to new investors.

[Kola]

ppl have no enough knowledge how to work with it, not everyone has a computer literate, so ppl are afraid to make something wrong or be hacked in bad case, people used to banks, and they dont want to change it.

[CryptoMoar]

very much. the most important is the legality of bitcoin because all countries have not issued policies and regulations about the use of bitcoin for all kinds of economic activities. so we are afraid to invest or just use bitcoin for financial transactions.

[ashame]

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?

There is a lot of reasons why they are scare on investing bitcoin number one is what they watch on the news the news spread fud regarding on bitcoin they always said that it was scam even bitcoin was not scam but the person who use the name of bitcoin next is they invest in a scam project that use again the name of bitcoin that is just a reason why they are afraid to invest in crypto currency.

[Asimmo]

"Safety First" factor is the main dilemma for big investors.
They hear every week that this or that platform/exchange/blockchain is hacked without too much problem.
Who will risk billions in such scheme?
We need decent, real life adapted decentralized platform, which will guarantee maximum safety..
I hope Coinbase`s new platform and Binance`s new DEX will have it`s say in implementing new safety standards in crypto..

[drm]

Besides the volatility, I think the big coverage of hacks in crypto by the media scare new people off, while bitcoin itself is actually very secure.

[jocker00]

there are many reason for people that are afraid to invest in bitcoin .among them some of the important points are given below,

1.  PEOPLE ARE STILL CALLING IT A SCHEME
2.  SINCE NO COUNTRY IS BACKING BITCOIN, THEY DON’T TRUST IT
3.  THEY HEAR ABOUT ALL THE BITCOIN HACKS AND ARE AFRAID TO BUY IT
4.  THERE ARE VERY FEW PLACES TO USE IT
5.  IT’S TOO HARD TO BUY
6.  LACK OF KNOWLEDGE.
7. AFRAID OF TAKING RISK.

THESE ARE THE MOST COMMON THINGS THAT A NEW INVESTOR ARE AFRAID .AND THE MAIN REASON THAT THEY DON'T INVEST ON BITCOIN I THINK.

[21millionsbtc]

the most important factor that scares others to invest in bitcoin is volatility and security both are out of control for a investor to invest in bitcoin

[skidanchikbizon]

Людeй пyгaют бoльшaя динaмикa, иcкycтвeнный aжиoтaж, нe yдaчныe пpимepы инвecтиpoвaния знaкoмыx и дpyзeй,

[meidut]

Because bitcoin itself is very fluctuating in price and can not be guessed the price. Have no fixed taxes and are prone to fraud.
But for me bitcoin is the right coin to invest long term.

[befriendmywater]

Людeй пyгaют бoльшaя динaмикa, иcкycтвeнный aжиoтaж, нe yдaчныe пpимepы инвecтиpoвaния знaкoмыx и дpyзeй,

The factor that I think makes others afraid to invest in Bicoin is the price and unpredictability of it. Although price fluctuations are getting smaller, that makes Bitcoin investments more detailed and informative. Small changes can also hurt investors.

[Musiclover]

I think because of the scam, the word scam, i think that's the reasons to scared others to invest in bitcoin. They think everything is a scam. All investor or should i say all people scared from scam. Or may because its a digital or a virtual coin or maybe the price is just like what other said its not stable. That's what i think.

[nhoklun]

I also have the same question with you brother

[satana_igor666]

All the reasons have long been known.  Bitcoin frightens with its instability and high risks.  No investor will invest anywhere until he is convinced of the reality of the project.

[MaryKiTy22]

What is most afraid of investing in bitcoin? is that its government policies directly affect the development of bitcoin as well as it gives us some insights that make investors more fearful. it is  factors scare others from investing into bitcoin

[CrytopiaRaRa]

I believe they intend to  scare of  investing  bitcoin  because they have a lack of information and not really know what they really investing.When the price falls ,they tend to really scared and panic so much with out understanding.