michellelandry30
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July 26, 2018, 03:00:37 PM |
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I think the main factor is the volatility of bitcoin since this can lead to loosing money when the value goes down drastically. Who would want to loose money right?
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Fujiati
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Ethernity CLOUD
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July 26, 2018, 03:00:47 PM |
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there are several factors that make a person afraid to invest in bitcoin: the government forbids bitcoin, they are afraid of loss if the price decreases, they are afraid their wallet stolen others.
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Herbys
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July 26, 2018, 03:07:43 PM |
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there are several factors that make a person afraid to invest in bitcoin: the government forbids bitcoin, they are afraid of loss if the price decreases, they are afraid their wallet stolen others.
All of the above factors are risks that justify investing in Bitcoin, without risks there is no income. The investor should be prepared to incur losses as a result of the investment, for this he in every possible way considers the possible income. If everyone were afraid, the cryptocurrency market would not exist.  |
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chromosomes
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July 26, 2018, 03:08:10 PM |
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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 are a lot of factors that scares many from investing in crypto. Usually, they get afraid due to the volatility of bitcoin's price. If they will buy at high then there's a sudden fall, it would totally traumatise them and will make it to their mind that there's nothing good on investing in crypto. Crypto is for risk takers so if you will stay with your fear, nothing will ever happen. |
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Pendularin
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July 27, 2018, 10:34:11 AM |
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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?
Aside from the risky thing about bitcoin it is also scary to invest from it because it is not legalize and formly legal to the eye of the government . Many of the media are bashing bitcoins too . |
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KiloWatts
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July 27, 2018, 12:19:40 PM |
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People are afraid to invest in bitcoin because of bitcoin grows slowly for a long time, and the bitcoin market is unstable.
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BTalarmus
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July 27, 2018, 09:56:12 PM |
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A lot of people have conservative way of thinking. They are waiting and begin to do something when it becomes usual and traditional. Bitcoin is innovative thing existing only few years, but it grew up significantly without huge support of the people. What will be the price of bitcoin with support of majority?
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mdw1962
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July 27, 2018, 10:02:02 PM |
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Not only the volatility but also the legalities of bitcoin, because other people wants a legal investment they want to be sure that the money they invest is super safe before they invest.
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billarerghomes
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July 27, 2018, 10:02:28 PM |
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I think that as soon as they understand that they can lose a lot of money on it, they start to be a little bit scared of putting their funds in here, i dont know, just my thoughts after all, but it can be something for real
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Payme21
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July 27, 2018, 10:13:35 PM |
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Just as said, the volatility of bitcoin has discouraged many but i think the major factor working against it is the fact that it is not properly regulated which decreses peoples confidence in the system. Another possible factor could also be the fact that cryptocurrency is still gaining acceptance and might still take a little while before most people will be comfortable investing on it
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Dangdingdongbray
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July 27, 2018, 10:30:58 PM |
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Many factors influence,among them the first legal factor,because bitcoin is unacceptable in many countries,they do not have permission from state government agencies,other factors of bitcoin prices continue.up and down,because they do not want to take risks when bitcoin prices fall,some people are afraid to invest in bitcoin projects because they do not understand about blockchain or bitcoin.But I see this is a lack of knowledge about Bitcoin and crypto markets.
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GQ_Crypto
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July 27, 2018, 10:42:33 PM |
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People are most afraid to lose money, as they were frightened by stories about hacking of crypto currency wallets. Once people understand that to protect their crypto currency from theft is very simple, the fear of people will disappear.
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jumail
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July 27, 2018, 10:54:03 PM |
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Of course its volitile price, because our investment value can fall and we lose. But if we are wise to be patient, it will definitely return the price and we just need to wait and believe it will increase again.
In addition many people are worried about the legal status of bitcoin. A government has the full right to determine the legality of bitcoin, so it makes a lot of people worry enough about ownership of their cryptocurrency assets. |
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Iandi anne
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July 27, 2018, 11:09:32 PM |
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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 think one one of the major reasons why people are scared from investing into bitcoin is the lack of knowledge about it and the fear of taking risks or losing money. Investing in crypto is for risk takers, if you will stay with your fear nothing will happen. |
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defriadi
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July 27, 2018, 11:52:15 PM |
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one of the factors that affect people so afraid to invest in bitcoin is the bitcoin price that is currently still unstable. the price is still going down makes people afraid to invest because this will make them lose money and lose the amount of money they invest into bitcoin.
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letzdodiz
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July 27, 2018, 11:58:25 PM |
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I think in light of the fact that about the scam, the word scam. I imagine that it is that certain thing that terrified others to put resources into bitcoin. They think everything is just a scam or will scam them. All financial specialist or should I say all individuals terrified from this. Or on the other hand may in light of the fact that its an advanced or a virtual coin or possibly the cost is much the same as what other said its not steady.
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LeavingEden
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July 28, 2018, 12:47:45 AM |
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Because its too risky especially to those investor's that has a lack of knowledge about cryptocurrency. It's hard to deal with cryotocurrency without enough idea. Even some investors that really wants to invest they can't because due to the lack of knowledge. They afraid to invest because its possible that their money will be lost here because on the reason that they don't have enough knowledge.
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BennyK
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July 28, 2018, 12:51:32 AM |
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The fact the Bitcoin market is very difficult to predict when there will be a fall and when there will be a rise is a major concern of most people and this scares them from investing in Bitcoin.
Also, a lot of FUD news coming from the banks and governments scare potential investors.
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Fretcy
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July 28, 2018, 01:14:52 AM |
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The global financial crisis the market crash all made the people scared to trust the financial world so people are worried and fear if they invest all their earning in cryptocurrency will also lose first of all people are not getting knowledge about Bitcoin they simply join in this community just for their survival or profit .The unawareness of Bitcoin makes people to keep away from investing into Bitcoin most of the people will be aware of stock market but not in cryptocurrency and another fear is about the security these are the factors that scares people.
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danice15
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July 28, 2018, 01:34:05 AM |
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Aside from Volatility.I believe one of the main reason why some people is scared in investing bitcoin is lack of knowledge.Of course you even dont know how the market runs. Your lack of knowledge is stopping you from investing and also in crypto world we all know the fact theres a lot of unknown person that will make us think that this project is a scam. That's why you should become knowledgeable when joining cryptoworld.
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