What factors scare others from investing into bitcoin?

[vlad_g14]

I think this is the reason why people are still afraid to invest in Bitcoin,
Bitcoin is new to them,
Bitcoin has not been legal by the government,
there is no legal guarantee on Bitcoin,
and no physical form,
this is what I think is the main factor why there are still many people who are doubtful and afraid to invest in Bitcoin.

Yes, legal is rather important, totally agree with you

[kptsgt]

Things like value decreasement and ICO scams.

[dirisu2018]

They think BITCOIN IS PONZI.. Most folks have had bitter experience in online business so when you first of all try to introduce BTC and mention online, decentralized,sacalability they be like please please please. but what they forget is that experience is not what happens to you but what you do with what happens to you.. TELL THEM BTC AIN'T PONZI

[ButcherBRO]

IMO, the worst underlying factors here are disinformation and lack of awareness.

[James Anderson]

Most people are scared by their own unfamiliarity or ignorance of Bitcoin. While there are others who are saying that the main reason why other people are scared investing into Bitcoin is the fact that it is considered a bubble to some, I would say they are scared because they do not know the real deal of Bitcoin. If only these people will try to understand Bitcoin better, they would not be this easily swayed.

[MrKubeem]

I think what really scares people away from investing into bitcoin is the lack of knowledge about the blockchain technology and its products. I agree with the fact that most people are attributing their sense of fear to the volatility of bitcoin but i am sure if they have the knowledge about bitcoin that as a cryptocurrency it is volatile and what ever be the case they should not engage in panic sales when market goes down but wait for it to rise. The Bible says Lack of Knowledge my people perish, it's high time people read about what they are investing into.

[focacho1]

Volatility, technical difficultes, government and regulator risks, fear of innovative features.
So, it's nice for us. We can earn where other will only wait.

[BountyGram]

Volatility, technical difficultes, government and regulator risks, fear of innovative features.
So, it's nice for us. We can earn where other will only wait.

Well some may say that bitcoin is scam or the way of their thinking is not right because it appears that some of them doesnt have guts to try bitcoin.

[Durugista]

terrible information approximately rip-off and issues approximately security of crypto forex. similarly with the government no longer assisting it and now not acknowledging it inside the monetary machine are top motives for me why humans might not make investments into bitcoin and crypto.

Some are thinking that Bitcoin will do them nothing, they have no trust on it thinking that it will not provide them anything.

[nellakarisma]

if according to what I see and what I hear. they still have not joined or invest in bitcon because cause feel not yet at all and no talent to invest in digital world bitcoin gan .and the last one they have the talent to invest in bitcoin but still do not have the capital ..

[Ebihsu]

They are afraid of the bitcoin crisis right now that the market are crashing they think that market will not recover.  And a lot of negative news are scattered everywhere and some believe it without knowing the real purpose of bitcoin in the society.

[android17]

As we all know, bitcoin lives inside the global connection or simply internet. Internet is truly a dangerous place with dangerous people. Since, majority of people in the world can access the internet, some of them having a bad netiquette to harm people.

Therefore, some people tend to avoid themselves entering inside the internet.

They are about the condition right now of bitcoin. The price still dropping, and they think that it will continue to drop. They are afraid to invest because they always compare the price last year and todays price. Invest your money now because im pretty sure that btc will rise up again and it will recover in the next more years.

[MochaDeny]

because investors dont want to take risks for losing their money, these days there are some scam ico, and bitcoin is like gambling You do not know bitcoin prices will go down or up in future

[bayy43]

Many people are afraid to invest because they are not confident to invest, and are afraid of bitcoin

[tsinelas]

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 I have read this thread before, but for some reason I'll answer it. Personally what scares me is it's volatility of value, in the good side of it, it's good that the price increases (we all hope that it'll get high more) but on the other side when it gets low its natural that we are afraid (as you have already said). Additionally, they are scared because they are lack of knowledge in cryptocurrency and also time matters, they don't have enough patience to wait that scares them they think it'll be  a lose.

[Jay51]

Probably because of the lack of knowledge about bitcoin which assumes that bitcoin is a fraud or it could be because they are not ready about the high risks in bitcoin world.

[Don Karnage]

There are several factors that deter people from Bitcoin. Main : the legal side of Bitcoin is unclear, as well as the problem of hackers.

[Tinker18]

Probably because of the lack of knowledge about bitcoin which assumes that bitcoin is a fraud or it could be because they are not ready about the high risks in bitcoin world.

[Coinnosaurus]

There are a lot of factors. F.ex. if the wallet file is corrupted, bitcoins have essentially been “lost”. There is nothing that can done to recover it.

[Twentyonepaylots]

There are many factors due to which an individual is scared to invest in Bitcoin

• volatility- The high volatility causes huge price fluctuations due to which people are scared in investing into BTC
• Legalisation- Bitcoin is not yet legalized in many countries which make people step back from investing into BTC
• Scams- Many people get scammed investing BTC into scam ICOs which has also become a factor now.
• fear- fear is a major factor why people don't invest in BTC. The fear of loss cannot be taken by many people.
• technology- many people are still unaware of how to use the Bitcoin and the blockchain technology which is why they have not yet invest into it.

 What factors scare people into investing in Bitcoin are the Risk of losing, Market is Volatile, anything can happen at any given time, price value may goes up and goes down depending upon the volume of investment put in by the investors, among other things that scare people is the FEAR on investment, some even think that it is SCAM.