What factors scare others from investing into bitcoin?

[Winnerschapel]

The main reason people are scared to invest into bitcoin is because of the price volatility as this is always the case. People are scared to lose money. They have probably lost a lot in the past and are not prepared to lose more money. Another factor is legal issue. They also want it to be fully legalized before trading bitcoin. These are some of their basic fears in this space.

[1715142816]

1715142816

[1715142816]

1715142816

[1715142816]

1715142816

[chocolato]

In my opinion, there are many factors that decide whether someone wants to invest in bitcoin or not entirely not made alone, think about the media for example, how many newspapers and articles on the internet that speak in negative ways bitcoin and cryptocurrency. Surely there are other reasons why someone does not want to invest in bitcoin.

[supandi wiharja]

Maybe for some people who do not know deeper about the world of crypto, they will be afraid to invest in bitcoin, because they think that investing in bitcoin is just a fraud, what else bitcoin in my country has not been legalized by the government.
They may also be afraid because the value of the bitcoin fluctuates, so they are afraid of losses if one day the value of bitcoin falls very deep.

[94K]

Sometimes they are scared because the government frown to it and also may be they may loose their money

[cposeidon]

One factor that makes the bitcoin a scary investment is it legal reaches in a certain country whether this is classified as illegal item or not is up to the country you live in, another is market fluctuation reports in each year this scare investors in a way that they might loss a lot when there is a plunge fluctuation in the market and lastly is the bitcoin's reputation to uninformed investors, they might be introduced to bitcoin in its use for illegal activities such as online drug trafficking, weapons dealing, killer for hire, or prostitution. This ugly facade is the first thing that will pop-up to their minds.

[kingdom2710]

The only factor that can make others scare from investing into bitcoin is afraid of lessening the risk

[quynhnguyenlove]

Many people invest in bitcoin and the biggest loss is when people turn their backs on bitcoins.

[Joeyvicky]

I sure bitcoin has come a long way but yet still there are several reasons which really scare people from investing in bitcoin. And to me the key aspect is the legal issues concerning the bitcoin. The problem of hackers is also a major factor that affect bitcoin investing. And lastly, i think most invest are of the view that bitcoin is a money making machine so they really become scared when prices goes down. I believe it about time we really know the legalities of what really participate as investors.

[ParveZ219]

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?

First of all there are many factors which are attracting people towards Bitcoin because by seeing the price change of Bitcoin between 2013 and 2017 the people got attracted to Bitcoin and they are also going to invest in Bitcoins but with the recent price fall of Bitcoins and watching others to get lost because of Bitcoin they are getting afraid to invest in Bitcoins as because most of the people are trying to do long term investment so they fear if the Bitcoins get to an end in future... So they don't want to take risk.

[JPage]

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?

Obviously most of the guys are hearing some things about volatility and instability of Bitcoin and without having any specific knowledge I would also be scared about investing in it.

[CaptainKid]

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?

Obviously most of the guys are hearing some things about volatility and instability of Bitcoin and without having any specific knowledge I would also be scared about investing in it.

You are right, one of the main reasons is the lack of correct information and its perception. But I think it's normal that people treat bitcoin in different ways.

[nicko122]

When you are going to invest money in something, you study the market, look at the growth and fall in prices and much more. Bitcoin can not be called a stable currency. It also adds the fact that it is not quite legal in some countries or simply does not enjoy the support of the government. I think these are the main factors that deter new investors.

[CityLife Corp.]

The factors that scares others from investing in bitcoin are the volatility nature of bitcoin, the high transaction fee, slow confirmation of transactions, regulation: its not regulated .

[rickyNmorty]

Maybe for some people who do not know deeper about the world of crypto, they will be afraid to invest in bitcoin, because they think that investing in bitcoin is just a fraud, what else bitcoin in my country has not been legalized by the government.
They may also be afraid because the value of the bitcoin fluctuates, so they are afraid of losses if one day the value of bitcoin falls very deep.

Actually there is nothing to feared in investing in bitcoin. It is just that those people are soft hearted and maybe some trust issues. Because as we all know, bitcoin may be volatile but its value will rise when it goes down, and it is a cycle, goes up goes down and up again. It may be inconsistent but bitcoin really is a coin where you do not need to risk because it is jot risk taking but only patience was indeed needed.

[maloibtc]

I think that the main factor is the risks that are involved in btc investment. it is obvious that not all people are ready to lose their money, i think that this factor plays the vital role why not all want this

[kissme09]

The loss of investors ahead is a significant factor that makes investors fear it. There are a lot of investors losing money when investing in Bitcoin when the price is over $ 15,000. When you see the losses of the previous investors, new investors will not be involved in the market.

[DilanBrown]

One of the factors is the fear of losing money since cryptocurrency price are not stable and most still fear the ban by their countries since government has not officially declared it legal.

[montaza]

They don't want to take the risk. In investing you always have to risk. Another factor is they think bitcoin will scam there investment because of what heard in the media or friends. Or factor that the market is not that good and it makes them not to invest because of the fall of the market

[camric09]

They don't want to take the risk. In investing you always have to risk. Another factor is they think bitcoin will scam there investment because of what heard in the media or friends. Or factor that the market is not that good and it makes them not to invest because of the fall of the market

yeah, because of so many fud and so many bad news happening involving bitcoin, this is the reasons why others are scare from investing in bitcoin, they didn't know the potential of having this.

[Biet12]

most people are afraid of investing fear if the price drops and ultimately loss, this most people so because not want serious and not sure.
the second is afraid to lose its assets or ketipu, this is because it does not want to learn first and understand it .