faithofb
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August 15, 2018, 03:50:46 PM |
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The current factor is the most thing that scare people away from bitcoin.
But the following can be said to be major factors:
1. The fall in price
2. Government regulations
3. Too much dump
4. Etc.
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cetald
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August 15, 2018, 03:53:53 PM |
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The main frightening factor is uncertainty. The cryptocurrency market is unstable. People are afraid of uncertainty. People are afraid to freeze their money or lose it.
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Asusnumbaone
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August 15, 2018, 03:57:06 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?
Bitcoin is a wide platform for the investor. You can do many things in the bitcoin but there's a lot of people are afraid to invest on bitcoin because they know the consequences on investing on btc. In investing in btc we to care because bitcoin used on illegal activity and they used bitcoin to scam others and these are the factors that scares other. |
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GeorgiyBilyk
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August 15, 2018, 05:43:40 PM |
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security and legalization of bitcoins around the world - these are the main things that affect the growth of new investments! I think that soon when there will be state regulation and when the world community confirms the official status of bitcoin, that's when we will see the capitalization increase and the growth of bitcoins!
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nangiarushali
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August 15, 2018, 05:52:48 PM |
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There are a lot of factors that influence the attraction of people towards Bitcoin and Cryptocurrency . Also despite these ,there are a lot pf factors that favours the negative side of Bitcoin and Cryptocurrency. For example, high transaction fees, fear of hacking and the scam projects.
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Rosa Paula
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August 15, 2018, 06:24:53 PM |
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Intended for the judgment this can be a possibility to forfeit your hard earned dollars. Not anyone would like to devote your money from the fresh air. along with the selling price for doing this in real time seriously isn't view intended for shareholders mainly because he / she imagine that many people wouldn't include almost any benefit sometime soon.
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Bosunbossman
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There are many factors that scared people from investing into bitcoin,some which are: The negative news about cryptocurrencies, The Fear of loosing money, the rate of scammers in the crypto space, the issues of government wanting to regulate bitcoin and lastly the market volatility. These has scared alot of people from investing into bitcoin
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tonlong
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August 16, 2018, 07:23:48 PM |
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I think there are some people who do not want to invest in Bitcoin for fear of suddenly having one day become incredibly wealthy and do not know how to use that money ? When investing in Bitcoin, it often brings feelings hard to describe to ourselves .
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prehisto
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August 16, 2018, 08:05:43 PM |
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Violaty, lack of education, lack of understanding hoe to invest.
Gossip about bitcoins dark side, that it is tied to illegal activities.
Mostly lack of understanding.
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thankyoulord
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August 16, 2018, 10:09:38 PM |
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the main factor which scares people from bitcoin is the volatility. people are always scared of putting their money into any investment they are not 100% sure of. if they are sure they will get a certain amount of profit at a particular time from investing in bitcoin, they will surely and happily invest but when you say its volatile and price has a high tendency of dropping, investors begin to doubt it.
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nastyabor
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August 16, 2018, 10:28:20 PM |
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Many people are afraid to invest in bitcoin because they do not understand what it is. They do not know anything about new technologies and are afraid of losing their money because they believe that bitcoin is a fraud
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ggezlink
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August 16, 2018, 10:30:21 PM |
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Possibly their reason is that they don't trust cryptocurrency. They cant see the preferences and different advantages of utilizing bitcoin as a medium where you can put resources into. As of this minute numerous individuals did not understand the possibilities the bitcoin are doing. Before long bitcoin will be to finish everything and can beat even the money we are utilizing as of this minute.
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mekie
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August 16, 2018, 10:37:40 PM |
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Volatility in it's price, lack off regulation and people describing it and talking about it being a Ponzi scheme-bitcoin can not be construed in any way to be a ponzi scheme as it is a finite resource with the amount of bitcoin having been set at the start. A ponzi scheme however will continue indefinitely until it either gets shut down or runs out of mugs wanting to join it.
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dark1234
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August 16, 2018, 10:45:39 PM |
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Volatility in it's price, lack off regulation and people describing it and talking about it being a Ponzi scheme-bitcoin can not be construed in any way to be a ponzi scheme as it is a finite resource with the amount of bitcoin having been set at the start. A ponzi scheme however will continue indefinitely until it either gets shut down or runs out of mugs wanting to join it.
You're right until now ponzy schemes have been on the internet a lot so that traders who are new to bitcoin will probably fall into it because they don't know that the Ponzy scheme is a scam project in bitcointalk forums.because they will get a loss after losing their money and until now we cannot eliminate the ponzy scheme from the bitcoin treasure but if this continues to be allowed then it will have a negative impact on bitcoin and cryptocurrency |
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Merritt_Baldric
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August 16, 2018, 10:46:52 PM |
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There are many other factors pushing people away from bitcoin. You mentioned the first one and you were quite right. The second one is the regulation system. We all know that the bitcoin is something quite new on the market and it needed to be regulated. People did not invest in it because they were not sure. Another aspect is the negative reluctance of governments and public banks to officially support cryptocurrency. It is even forbidden in some countries to deal with virtual money. If in your country you have that kind of ban, well you cannot invest in bitcoin. The volatility is a fact that prevents people from investing as you said. The political aspect is as well a major stop to investment into bitcoin.
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Testament28
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August 16, 2018, 10:56:06 PM |
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They almost mentioned all the factors that scares people, especially investors from investing into bitcoin. I do believe in their opinions. The instability of bitcoins price could add up to this factors, especially on the investors side. Bitcoins price is to unstable but can be really profitable with the right timing. Understanding the flow could be the key for the proper timing for investing.
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edutBTC
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August 16, 2018, 11:03:37 PM |
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I think people keeps it simple when it comes to bitcoin. I mean, all they want is earn quick money from btc, most people don’t even care blockchain or crypto. All they want is to make good money. That’s why when they trust bitcoin nothing scares them but on the other hand when the market falls they just say bad things, they scare and panic a lot. For all these reasons people should educate themselves about crypto.
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BIOX
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August 16, 2018, 11:12:47 PM |
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I think that it is not a secret that all cryptocurrencies are decentralized so they are volatile and unstable. A lot of ICO are scam and we should analyze everything when we invest.
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Fineyokoma
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August 16, 2018, 11:36:06 PM |
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First of all people are scared of its unstable position. It is not a secret that BTC is not controlled and people influence the price of the BTC. So it is not like the banking investment.
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Rooster101
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August 16, 2018, 11:37:25 PM |
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Many people that lacks knowlege of bitcoin and the cryptocurrencies will easily believe that the coin is used by some individuals to scam people. The news about bitcoin will also have a significant impact on how people think about bitcoin. This misinformations they get from media and other unclear source will lead them to believe that bitcoin is scam abd eventually scare them away from investing.
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