What factors scare others from investing into bitcoin?

[Skieleton]

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?

As you have noticed people are afraid for this because they do not know new things. So far, many people do not trust the bug. BTC is cosmos at all.

[karmapala]

some factors that make people afraid to invest into bitcoin may be due to an issue or news that makes people lost the trust of bitcoin for example the case of fraud could be because there is a government ban of a country or maybe also the issue of bitcoin values ​​that tend to decline

[joebrook]

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.

Most people are not willing to invest into bitcoins for just one reason only and that is because they dont know a single thing about the whole issue with how buying something that is not tangible going to make them a lot of money.

[KIKI.loi]

because the bitcoin price can not be set, it will form a huge market bubble that will eventually explode and cause huge losses. the hackers can move freely in this bitcoin path.

[miyong]

Some government already declared bitcoin as illegal and other said that bitcoin is a scam.  The best thing that a person without any knowledge about the truth is to stay away from it and never invest with it anymore.

[Lazada]

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?

Factors that affect a person to invest in bitcoin of course is a bitcoin price movement, Usually someone is frightened by seeing the fluctuations of the Price that happens so fast every time. But for some smart people then this is a good opportunity, when able to take advantage of any momentum then even things like this can be made a work that makes a lot of money. So this depends on our response to Bitcoin, because when we look positive then the results will be good and when we look at the negative then the results are bad.

[bilyboy]

Some factors that people scared on investing even in other is that their money will lost ofcourse no one want to lost, and bitcoin as they know that this is a good in investing and for sure they will not scared because it is sure will earn profit from it.

[rockyboy]

People are scared in bitcoin investment because of the news that spread in the internet or any social media. Other countries declared it as illegal the reason why most of the upcoming investors doesn't want to invest anymore.

[denzkilim]

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.

That's correct, Legalization is one of the main factors why some people or companies are scared to invest in crypto currencies. But if the majority of the countries legalized Bitcoin and the usage of crypto currencies with rules and regulations it will be a different story.

Most people are not willing to invest into bitcoins for just one reason only and that is because they dont know a single thing about the whole issue with how buying something that is not tangible going to make them a lot of money.

Bitcoin is supposed to be a currency and not an asset but through the years people learned that this crypto currency what we called Bitcoin can be a means of investment and everything was history. I don't think that they don't know about Bitcoin because investors have a wide range of knowledge when it comes to financing and asset stuff, The only thing that most of them won't invest in crypto currencies is because of the fact that crypto currencies are very volatile and anything can happen in a very short period of time and this thing is pretty scary if you're investing a lot of money.

[Almirante3]

1. Absence of a centralized command
2. Lack of rules and legislation
3. Drastic changes
4. Possibilities of attacks
5. Chinese government intervention
6. Emergence of new currencies
7. Intense volatility

[cryptomato]

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.

Most people are not willing to invest into bitcoins for just one reason only and that is because they dont know a single thing about the whole issue with how buying something that is not tangible going to make them a lot of money.

I actually believe that most of the people who cannot invest even though they have money to invest are afraid because they are coming from financially conservative mindset which stops them investing cryptocurrencies.

[ellehcar]

A huge factor that makes people skeptic about bitcoin and scares them away is its virtuality and mystery. It is an accepted fact that bitcoin is a virtual money. Though we living nowadays in a digital world and are getting closer and closer to virtuality, we cannot deny the fact many still can’t grasp its essence. Many still want empirical things, those that they can visibly see and hold, and sad to say bitcoin is not quite like that. Another thing is the reliability and security of its blockchain. We often read and heard news about hackings, and those illegal transactions are irreversible. So I guess these are few of the common factors that scares some about the thought of bitcoin.

[dilemamis]

I believe what scares people mostly away from in vesting in bitcoin is largely based on the global acceptability of bitcoin. 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.

[RobertNykanen]

I can say that the factors who scare people in investing into bitcoin will varies on the state of financial, mind and even the time and effort. Yes people have different characteristics which really give a big impact on how he or she will run in investing. Surely if the resources such as financial is limited only this will give a huge scare for them because they will surely be scared that if their investment here will not work out they will lose everything to them. In the case of time and effort this is a minimal factor which only a factor to those who are lazy investors that only wants to get their profit and not inserting time and effort.

[Falmera]

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?

One thing that affects mostly the investors are the fake news. If we keep on believing those news made by idle minded people, nothing will happen to us but fail.

[kauban2018]

Probably, factors that scares people to invest bitcoin is their thinkin that they might not gain any profit out from their investments. People might think that someone will hack their account and lost everything they kept.

[arnegiske]

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[Rustandy]

1. Price fluctuations are very extreme, These extreme price fluctuations are one of the risks that must be aware of prospective traders. At present, the circulation volume of Bitcoin is still quite small. So if someone buys and sells Bitcoin in a large price, then the price of Bitcoin will automatically move to the extreme.
2. Will be sanctioned if used as a means of payment, the Government does not seem to play about banning Bitcoin activity, the government promised to crack down on financial service actors who make payment transactions using digital money.
3. Volcanoes are misused, Bitcoin's popularity is slowly becoming known and much in demand. This is the reason the government should take a stand. Firmly, institutions such as the Ministry of Finance, remind the public about the presence of Bitcoin and other digital money. So that virtual money is not used as an investment instrument. The risk of using virtual money like Bitcoin is worried that it will be used for illegal transactions, money laundering, and terrorism financing.

[zynan]

Maybe its because of the legality of bitcoin and other cryptos in their country, maybe they are from countries which do not accept bitcoin as legal. Also the consecutive dips of cryptos in the market today might also a reason why they are scared of investing. Fake and bad news about cryptos is also something that hesitates them to invest.

[victorski]

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?

People are not really scared of bitcoin, it is just this different factors become a hindrance in investing in bitcoin. One major factor is some country are banning bitcoin. Also, the accessibility in the internet is also a factor to consider.