What factors scare others from investing into bitcoin?

[Airbuxf]

The lack of knowledge is the biggest factor, they don't understand the price action especially at the current situation and don't want to loose their savings. I think nowadays pople should be educated more about cryptography and blockchain.

[angelakrasnova]

Bitcoin today is very prone to the news background. Its price can not keep on the same level or just slowly grow up. The price is constantly growing very much and falling very much. People are afraid to invest in the crypto market because of these sharp jumps! Perhaps then, when the price is flat and this market will be regulated, then maybe people will invest more!

[cryptonewsID]

I think that this is his shaft and the fact that he fell in price, but it's not for long, by the new year he will beat his own record

Yes, that is very true, this is only while bitcoin will increase at the end of this year, and then we will finally benefit, please be patient.
for the next few months.

[rujuklagi]

the main factor is legalization and law, whether the country occupied by investors accepts bitcoin or not.
the second is clearly due to bitcoin volatility, price fluctuations that are always changing at any time, and uncontrollable.

[hacsoi2799]

People are afraid of investing in bitcoin because it is too risky. In addition, there are some countries banned bitcoin and speculation in the crowd easily cause many people to bankrupt when the market suddenly reversed.
Bitcoin is being concentrated in the hands of some who are not clearly defined identity, the ability to manipulate the market price is very high and currently the transaction pushing prices up is still questionable.

[turagsoy123456]

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?

Number one factor why some people are afraid to invest their money in bitcoin it's because they have not fully understand about the importance information of bitcoin. And some of them think bitcoin is like a ponzi schem, scam,  or illegal, they always think the bad side of bitcoin.  That's why they lost their interest to invest their money in bitcoin,  which is a very wrong idea for them.

[federicho]

First, investing in bitcoin requires a deep understanding of bitcoin. second, bitcoin has a high risk and no one is able to guarantee that. third, the value of bitcoin is highly unpredictable and depends on the mood of the market. fourth, investing in bitcoin is vulnerable to fraud and prone to illegal transactions. I think that in broad terms, fear of investing in bitcoin.

[Mrdark_knight]

For me some of the factors that stopping people from investing in Bitcoin is due to the lack of knowledge , there are so many scam sites about bitcoin,they don't know when or where to start in investing bitcoin .

[kptn.sgt]

Many are scared because of so many scam ICOs.

[Zaarin]

There are numerous components that dream off financial specialists and the loud majority of them will effectively profit alarmed following they are individuals here in this buildup. There are numerous strings here posting negativeness of bitcoin and that incorporates getting hack by somebody or getting phished out from the programmers. Beside it could be fierceness if the trade itself is being hack and that your tokens or coins are on it and creature taken away as of now.

[DrYe5]

For me some of the factors that stopping people from investing in Bitcoin is due to the lack of knowledge , there are so many scam sites about bitcoin,they don't know when or where to start in investing bitcoin .

I think the same cause this is the only thing that we really need when we want to enter the crypto market, it is easy to gain but it is require some time to spend on reading and getting know how everything is working here.

[Angle22]

Because not sure about bitcoin might be fearful, even though bitcoin is profitable.

[Futurm]

One factor that could scare people into investing in bitcoin is the negative news about cryptocurrencies.
There are some who think bitcoin is a ponzi scheme.
But when they really understand bitcoin, they know it's the future.

[fahadrawr]

I think they are scared that they might loss what they have invested in Bitcoin so that's why. Next is the rapid drop price of bitcoin people don't want to take risk in investing because they might lose their money because of the dumping of the price.

[katerinaliisa]

I think that most people are frightened by negative news and bad reviews about crypto and bitcoin.

[Gagah119]

It is true that some people are afraid of investing in bitcoin because of extreme price fluctuations, this can make people who invest suddenly fall into poverty, of course otherwise can make rich.

[towi078]

I think, for now many investors are waiting for certainty about the regulatory issues surrounding bitcoin and cryptocurrency. So there aren't many developments in the price of bitcoin

[Madara_Uchiha]

Most people lose their money by investing in bitcoin and then start complaining about crypto currency. Although they themselves are to blame for this. They lack knowledge and experience and they invest all their finances. They do not withstand long price drops and everyone sells. That's because of the opinions of such supposedly "traders" others are afraid to work with crypto currency.

[kapitansugat]

What scares many people in trying bitcoin is the many fake ICO campaigns.

[stewart2012]

I think the answer is volatility of bitcoin. It’s almost impossible to earn something from bitcoin without its volatility but still this volatility makes everyone scared. When it comes to earn quick money, everyone loves crypto. But when it bad times, everyone try to spread FUD. Such hypocrite people.