What factors scare others from investing into bitcoin?

[danice15]

The main reason why some people are afraid or scared from investing to bitcoin is definitely due to lack of knowledge about it. Ofcourse you must know where you will put your money.If it is safe, profitable, secured etc. And also because we all know that the market is volatile where in the risk in investing is high. That's why knowledge is really matters.

[Phan Long]

Bitcoin is decentralized, so it's hard to manage, even if you do not know who you are dealing with. Also, according to a recent article, Bitcoin is offering a huge discount, which is also a fear.

[pakhitheboss]

If some one wants to invest, He/she will invest no matter what happens. Since you asked this question let me provide you with 5 most common reasons or factors for not investing in Bitcoin.

1. Bitcoin is very volatile
2. Bitcoin is a ponzi scheme
3. Negative News from Media
4. Lack of Knowledge
5. Negative approach of the Goverment

There are many more, but I think the above listed are the most common oneas..

[Ondre]

Some factors that i think happening.

1. they don’t completely understand how bitcoin works. Lack of understanding and lack or research.
2. The volatility is already an issue.
3. The problem with scammers and ponzis.
4. They are afraid of taking risk. Not wanting to lose as they invest.
5. They don’t know where to start and no one guides them. They were just informed.
6. It’s hard to invest when you don’t have money.
7. Bad news they hear about bitcoin.
8. Legality in countries.

[ngerok]

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?

It is very appropriate if everyone is afraid and reasoned that the price of bitcoin is always changing and is very risky to invest in it. you have to learn a lot in starting investing in bitcoin so you are confident in taking action. As long as you know, bitcoin can also provide benefits.

[rancakadu]

I don't think that there are other problems such as technology or user friendliness. Lack of awareness is one of the main reasons for people not to get involved with Bitcoin because they believe media stories without doing their own research and trying to understand what Bitcoin and blockchain technologies are and how they work.

[TurboPower]

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 accept what drives individuals generally off from in vesting in bitcoin is to a great extent in light of the worldwide worthiness of bitcoin. Bitcoins are still just acknowledged by a little gathering of online shippers. This makes it unfeasible to totally depend on Bitcoins as a money. There is additionally a probability that administrations may constrain traders to not utilize Bitcoins to guarantee that clients' exchanges can be followed.

Another reason is that Wallets Can Be Lost. In the event that a hard drive crashes, or an infection defiles information , and the wallet document is ruined, Bitcoins have basically been "lost". There is nothing that can done to recoup it. These coins will be perpetually stranded in the framework. This can bankrupt a rich Bitcoin speculator inside seconds with no chance type of recuperation. The coins the financial specialist claimed will likewise be forever stranded. Additionally the prize isn't generally steady and this can likewise cause a jump in benefit.

[dashcollector]

Here are some factors :

1) Prices being volatile.

2) Some think that it is a scam.

3) Fear of government banning crypto.

[bigblackdeck45]

Yes I agree legality of bitcoin is what scares the most of investors. People stays away from bitcoin because of the many countries that banned it and they assume that bitcoin is illegal. Another issue is being not widely accepted therefore limiting the uses of bitcoin. Believe it or not there are some people who is not interested with bitcoin as an investment but want to use it as a currency.

[Polkadott]

I think that is the factor that makes people afraid or hesitant to invest in bitcoin because they still have little knowledge of crypto currencies and the risks they have to face if the value is falling as it is today, because crypto is unpredictable

[rollingstorm45]

the first is the absence of legal protection
and the second price is not controlled
both of these factors in my opinion are the most basic things that cause cryptocurrency not to be so safe in the eyes of some people

[ClarenceDo]

We all know as well as i know the main fact is volatility and in this days the investors lost their attraction to invest because of the current state of the market.

[CenaCena]

- volatility
- negative publicity
- legal issues
- lack of awareness/understanding of technology

[valisa]

maybe now many people who are afraid to invest in bitcoin might be due to a sharp price drop, and also because of the many countries in the world that prohibit bitcoin, even though bitcoin can provide many benefits and provide many conveniences compared to currencies

[Cryptocb]

They are many factors that involves, which requires more training towards the individual to enable them to handle wallet at a safer side from the hacker, which is the major problems, secondly price fluctuating, after investing and the price drop.

[Cecekcitata]

They were afraid to be involved in the crypto world because they did not have the experience and knowledge of the crypto currency and so much negative news about crypto affected it

[tempebacem]

Maybe because of a lack of knowledge about bitcoin who think that bitcoin is a fraud or it could be because they are not ready about the high risks in the world of bitcoin. one of the factors that influence people so that they are afraid to invest in bitcoin is the price of bitcoin which is currently still unstable. the price that is still falling makes people afraid to invest because this will make them lose money and lose the amount of money they invest in bitcoin. I think, people who are afraid to invest in Bitcoin are those who don't understand Cryptocurrency .

[sonofliberty]

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 that's mostly this is true about non educated and non familiar people with the technical specifics of Bitcoin and the predictions about the future of it, when people don't know this things it is easy for them to be prevented from investing.

[Sofiyah]

maybe the main factor that makes people afraid to invest in bitcoin is the expensive and volatile price of bitcoin. but there are other factors like bad news about bitcoin, bitcoin is illegal. with some of these factors, people keep thinking about whether it's safe or not investing in bitcoin.

[Linhkej]

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?

Bitcoin price fluctuations are another reason for fear of investing in it. It makes them not feel safe with the money they have spent. Bitcoin is now worth more than $ 3,000 to buy and it is making investors feel more pressured. However, just be patient and have reasonable plans, Bitcoin will bring high profits.