What factors scare others from investing into bitcoin?

[polyballz]

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. 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.

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[arief.sutono]

I think people have special worries before investing in any sector included in bitcoin. I think the biggest concerns of many investors before deciding to invest in bitcoin are the unstable advantages and huge threats of hackers. So, some investors agree to take the risk to profit from bitcoin, and whatever they will
later on. Thanks

[btcCoincart]

The price change so much in a period of time, it's not stable to make profit that's why people scare of this, and people still believe bitcoin is a balloon and expose to explode

[SilverChromia]

I think those are things that will bring too much negativity on bitcoin like the value or price because we all know bitcoin doesnt have a stable value on the market for a long time because we did know that sometimes it soaring up high and sometimes it fell down too much thats why some people are scared to lose some profit that they needed for their own good and sometime there are people scared because there are also a lot of people not just ordinary people but a person in a higher position that has a lot of power like in a goverment that doesnt agree or accepting bitcoin or any other crypto currencies in their own country but in the end if they will understand the good factors of these bitcoins i think in the future they do not need to be scared anymore from anything or lose something in the future.

[Kuchiyose]

A factor for not believing in digital money that will make a change in this all-time era. It's time to believe that.

[Cobrak777]

As i see it most likely than not, bitcoins extreme volatility will be the main issue here. Realistically speaking, most investors invest mainly to gain profit. This is why, the so called institutional investors shy away from bitcoin. Who would want to invest on something that is highly known for i'ts price to move substantially from the time they bought it, and up to the time they want to sell in exchange for local currency? Just the risk takers.

[online73]

Hello everybody. Of course, the first thing that scares off investments in Bitcoin is the lack of positive information. There is a lot of information, but it is so much contradictory that a potential investor will have to spend a lot of time to form his own opinion. Many are deterred by the cost of the transaction, which sometimes reach good amounts. And, of course, in many countries, Bitcoin does not have a legal basis - there is a small chance that Bitcoin will be stolen from you, but no one will come to help you. These are the first three reasons that frightened me several years in a row, yet, nevertheless, I did dare invest in Bitcoin, but, unfortunately, there are still many such reasons. Personally, I rely on the belief in the digital future of the financial sector, so I'm here. I believe in Bitcoin's non-alternative and crypto-currencies, so for me, at the moment, there is not a single weighty reason to refuse investment in Bitcoin and its similar crypto-currencies.

[1van__]

these people have ceased to believe in him, and in vain, because he is very promising

[cizatext]

There are so many factors that scarred people from investing in bitcoin and in most cases those factors are personal and at some point be out of non adequate knowledge of how bitcoin works and it capacity to transforms the world financial system. And most others believe the lies being spread by FUDS and sarmer who pose bitcoin of being a ponzi scheme this andany more are the reasons some newbies are push away from investing in bitcoin.

[minhlee95]

One of the main factors that is both a plus and a minus is the instability of bitcoin. No one can predict how he will behave in the near future, and it scares many.

[brylle34]

The big risky thing on bitcoin is volatility just like what happen last january the people who invested on all time high suffered from back lash or dropping, and the traders gets all profit from it.

[Birin016]

People who are still afraid to invest in bitcoin can happen because they do not want to take risks to investments whose value is fluctuating, still not fully trust the bitcoin which in fact has not been fully supported by the government.

[Lambe Ndumble]

I think it's the attitude of the government, as we know that many countries are banned by bitcoin, of course with this will make everyone afraid to bitcoin investment, because the government can do anything including freezing accounts associated with bitcoin.

[Intensity13.6]

The volatility of bitcoin is the primary factor that scare other people from investing on it. The don't want to take the risk and get lost . Another factor is because of the negative news they heard about bitcoin and believe on it that's why they avoid to enter in bitcoin world (FUD). One thing more people did not or don't want to invest in bitcoin because it is illegal and prohibited on their country.

[InvestICO2L]

According to me the unstablity in the market value is the main reason due to which many people are not investing in bitcoin.Sudden drop in price and moreover no surety that when will the market value increase adversely affect the number of investors of bitcoin. Moreover their is no control on the transactions as their is not central body to control it which also create a sort if fear in the mind of investors .

As I think that there are many different types of factors leading to scarcity of investing. I want to mention to the lack of knowledge foremost. Because you know when one doesn’t have much knowledge about cryptocurrency, he is probably affected by lots of bad news about this field, he can’t control his mind of that bad news. Besides, when one does not understand much about crypto, he maybe get  fruitless. Next, the patience also plays an important element. Investing is not a difficult job in crypto, but it requires the patience. If one is lack of patience, he will be in loss quickly and then getting fear of loss and getting away from it. In short, a man who’s afraid of investing relying on many factors.

[walemil]

I see ignorance as a major problem here. Very many people don't really know much about bitcoin and as a result, they are quick to reverse their decision to invest into it. I am of the opinion that this will change with time. Everyone wants to make money but they equally want to be sure that they won't lose their money too.

[PM.coins]

it seems that those who are afraid to invest in BTC, is about the price and value of profit that is not too stable. may also not be too sure with bitcoin. but if we talk this past 1 month. bitcoin experienced a significant increase of around 30%. seems to have to think positively about this.

[saadat6868]

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?

The first and the most well-known factor that prevents people to invest in Bitcoin is of course it's volatility, not enough educated people are thinking that volatility is when you can lose your money but more wise people will know that volatility is when you can gain money.

[Lion_ashy]

Many factors cause people to fear investing in bitcon.
1. Legality issues, bitcoin is still illegal in some countries.
2. Prone abused (hacking).
3. Very extreme price fluctuations
4. Many fraud mode, in 2015 there has been a case of fraud by a citizen of the United States named Trendon Shavers. He founded the Bitcoin stock exchange firm called Bitcoin Saving. Shaver was later found guilty of having cheated Ponzi schemes worth US $ 150 million.
5. Unclear tax rules

[Papapat22]

There will be a lot of factors that scares everyone to invest in bitcoin but a preponderance percentage of it will be the feel of uncertainty wherein people aren't brave enough to take the risks and prove to themselves that it is really worthy. They tend to rule out negativity without even trying.