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Author Topic: What factors scare others from investing into bitcoin?  (Read 3638 times)
Cinemo
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August 17, 2018, 08:26:55 AM
 #1261

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?
People who are still afraid to invest in bitcoin can happen because they do not want to take risks to investments whose value is fluctuating, still not fully trust the bitcoin which in fact has not been fully supported by the government.
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travelgear17
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August 17, 2018, 08:29:26 AM
 #1262

Bitcoin still has no longer obtained permission from their u . s .'s authorities.there are also other factors that make people afraid to spend money on bitcoin because the authorities inside the us of a prohibits bitcoin and also there are elements that reason humans do not want to spend money on bitcoin because there are hackers.
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August 17, 2018, 08:30:43 AM
 #1263

Bitcoin was decentralized and its hard for somebody to tract our transactions.The factors that every investors scares on it is they did not know what happens next in the price value either it may get increase or decrease ,maybe their profit gone immediately.
Joriecoinbit
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August 17, 2018, 09:05:03 AM
 #1264

Bitcoin was decentralized and its hard for somebody to tract our transactions.The factors that every investors scares on it is they did not know what happens next in the price value either it may get increase or decrease ,maybe their profit gone immediately.

They're afraid because either they'll earn profit in bitcoin, or they'll lose their capital. Other factors that scares investors to invest is the lack of knowledge. They're not yet knowledgeable enough about cryptocurrency. They still need to learn the technicalities before investing into bitcoin.
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August 17, 2018, 09:29:35 AM
 #1265

The most important and obvious factor is that not all countries accept bitcoin as a currency because of its volatility and somewhat lack of credibility. If bitcoin was backed by a strong system and had credibility, people would be less reluctant to invest in them.
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August 17, 2018, 09:38:02 AM
 #1266

Until the legality of bitcoin is resolved, many will doubt it as an investment. In addition, the volatility of the price affects, which is the main deterrent.

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uDwcHYO
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August 17, 2018, 09:51:23 AM
 #1267

maybe because they do not understand what useful this tool gives?

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August 17, 2018, 09:58:11 AM
 #1268

I think that most people are frightened by bad news related to the crypto currency and negative feedback from so-called traders who lost their money because of their inexperience.

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