What factors scare others from investing into bitcoin?

[interestinglie]

It really makes you think if this type of investment is good because it can put your money or capital down the drain at any point. It's easy, however, to believe things, especially If you do not know and research how the market actually works. And we can not blame anyone if we are going to lose our capital because no one blames it for having no person or person behind it.

[biksa]

There are many different reasons why people don't invest in cryptocurrencies. Most often this is connected with the risk of losing money. There is also some pressure from the society and governments that cryptocurrency is a bubble that will burst at any moment, plus cryptocurrency is not backed up - all these factors form the opinion of general mass of people.

[dongyi17]

I think one major factors that scare them the most is the volatility of bitcoin, the unpredictable changes of value of bitcoin in the market, also since its digital they seem fearful that they can't hold it just like fiat they just depend on the wallet for their security, another thing is since its virtual currency its susceptible to hacking that is why sometime they opt to retreat .

[kangbasir]

May feel afraid of being cheated and most people should really consider when investing bitcoin and also need to know when investing bitcoin is not easy and should be prepared risk to be responsible.

[Karie_Legend]

Some of the main factors are everyone is afraid of Bitcoin prices will be very bad and never rise again and everyone has spent their money.

[cryptoblazter]

There are several reasons why people are afraid of bitcoin investments. First, the lack of understanding of investors how bitcoin works and the transaction around it. Second, it value is very volatile, even a small movement in the market might change its value drastically. Third, it is not recognize in some countries. Bitcoin invetment is highly risky in nature.

[cammie16]

There are several reasons why people are afraid of bitcoin investments. First, the lack of understanding of investors how bitcoin works and the transaction around it. Second, it value is very volatile, even a small movement in the market might change its value drastically. Third, it is not recognize in some countries. Bitcoin invetment is highly risky in nature.

Yes, this are the reasons why a lot of people are scared in making an investments to bitcoin and additional to that those people already heard some bad news about bitcoin so they keep avoiding this.

[Larva14]

I think people have a particular fear before investing in bitcoin. I think the biggest worry of many investors before deciding to invest in bitcoin is unstable profit and the big threat from the hacker. So few investors agreed to take the risk to make a profit from bitcoin.

Yeah people have different fear before they join in investing in bitcoin, some people they fear in the big threat of hackers and some are fear in price value of bitcoin we know that value of bitcoin is unstable and unpredictable and lot's of risk in investing in bitcoin. If we don't know how to handle the risk of investing in bitcoin we loose our money, so that we need knowledge about the investing in bitcoin to get more profit.

[lzby2000]

I think the uncertainty of the market policy is the biggest factor affecting the investor. Many big consortium hopes to invest in the encryption market, but the encrypted currency has not received policy support in most countries, which has high risk for large funds.

[faithofb]

Some people who don't know bitcoin have seen it fluctuate so much that they think it's just a ponzi scheme, but that's wrong.
But that's because they don't understand blockchains and bitcoin. the rate at which scammer are scamming people another thing

[Slayer21]

Some people are scared of investing because they d'ont know much in bitcoin or it is not introduce to them properly and in a good way.

[Chaelbrin]

I do trust that value instability and legitimate status as the primary worry for anybody to think about their inclusion in Bitcoin and different digital forms of money. I don't believe that there is some other issue like innovation or ease of use. The absence of mindfulness is one of the real explanations behind the general population not to get included with Bitcoin in light of the fact that they trust the media stories without doing their own particular research and attempting to comprehend what Bitcoin and blockchain innovation is about and how it functions.

[Raja_Salman]

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 countries that have not formalized bitcoin as the currency that applies the issue of legality and security may be what makes people afraid to invest with bitcoin

[dillpicklechips]

When we are talking about investing on cryptocurrency there are lot of people who scared about this. Investing is too risky that's why some of them are scared there are lot of factors that may trigger us to be afraid like Market price volatility we cannot predict when the price will fall and rise. Second, is hackers and scammers that can steal our money and accounts in just a snap of a fingers. Third is the fake news that are spreading in the media that makes us more scared about cryptocurrency. And lastly they are lack of knowledge that's why they are also afraid to this.

[jonas5222000]

One of the best example is ,their money could lose if they put it investing ,but basically if they want to gain by investing they make sure that they have enough knowledge about it.

[developno1]

The volatility of e-money is enough to stop people from investing but once you get the concept you'll be as good as I am right now. risking or even investing in BTC, today the market is high and people are making a profit and then suddenly turning around nothing can be done about it,

[Wall_Streeet]

I think now there is no more profitable way to earn, except for the industry associated with cryptocurrency. deep conviction in this gives more strength and enthusiasm

[COCOMARTIN]

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?

Of course the volitile price may drop their investment. Especially now it's hard to predict the price of bitcoin because many fuds now. It may also be the other fear of investing as a victim of scam investments where the name of the bitcoins is used as it can also be used as a way of payment.

[cposeidon123]

There are different factors that scare investors one thing I know is it's legality, bitcoin in other countries are sometimes met with legal boundaries that makes it illegal, second is it's volatile and unpredictable market fluctuations, bitcoin as we all know is like a bubble, it may expand or compress and investors see this as a reason for not investing in bitcoin. Third and finally is the price, bitcoin cost 7.3k USD right now and some investors are scared that they will pay a huge price only to have loss rather than profit.

[zxl912157]

1. Can not be made for every transaction
2. Not knowing the owner every time a transaction
3. Not accepted in various countries
4. Requires internet for transactions
5. Have a hobby that is contrary to computer, internet etc.

But I hope all of it for the future is accepted by many people, because the function of Bitcoin is to simplify every financial transaction around the world.