What will keep people from getting into cryptocurrency?

[bitvelk]

I believe that bitcoin has many more advantages than disadvantages. Decentralization, anonymity, independence. In addition, it has great prospects. And instability is temporary.

[vfrcbv911]

I think a lot of people only care about personal gain, so I think the rise in bitcoin price, the start of a new rally will make people come to bitcoin.

[patrickj]

For me, I do think their unpredictability themselves that will proceeds with people by means of getting yourself into digital currency. The retail value changes once in a while in opposition to fiat money trade that might be regularly present. Alongside the conviction that administration elements even now surely not executed the utilization of digital currency.

[Panasony]

With the unstable market like BTC can make any investor hesitant but there are some reasons why Bitcoin is worth it. Since its launch in 2009, Bitcoin has made a remarkable recovery from the downturn, one of the direct benefits of making it clear that institutional investors are stepping up. In the electronic money market, electronic money creates a viable alternative class and is not affiliated with the formal market.

[oni4an]

People are afraid that the money invested by them will not bring the desired income. Many have been led to the spike of 2017 and now, seeing stagnation in the market cryptocurrency, they are afraid to invest even a minimum. Those who do not know and do not understand what is Kriptomir are leaving.

[Kasliono]

What do you think are the other reasons that will keep people from using bitcoin?

In my opinion, the thing that will make people keep using bitcoin is how easier it is. You can imagine when in the future you wanna do transaction around the world just by using 1 coin, with a low fee and also save. You don't need bank anymore to put your Money, also there is no that you should pay every day. And you can imagine when you go traveling and don't need Money changer anymore. You can do anything just 1 coin.

[Kim Domingo]

I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?

For me I think that's will and faith. If a person is really into this cryptocurrency no matter what how the market goes, if you have the determination to keep going you will always will and through the power of will gou always be motivated to do your task up to the goal you are trying to get into and I guess that is the type of person that this community is worth having to.

[muhammedb]

I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?

To me i don't think the bitcoin unpredictability make people run away from it, i will say most of does people do not know there excess of been into cryptocurrency, while some are still unable to getting in because the feel it ready late to getting. In the current world today ignorance, lack of believe and many other reasons has cause many people great regret which is the same thing i suggest is happening in crypto world today, they don't believe in bitcoin or crypto in general right from the beginning that is the reason they don't want to get involve not because of any unpredictability. example of this is my own country.

[norachuks]

lack of knowledge, many people do not know much about bitcoin they only hear "the market is up and later the market is down" so they are sacred {fear of the unknow}

[Vermouth07]

I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?

People will keep using crypto for the time being, but when time comes that they dont believe it anymore they will stop using it. Who will still use a currency that doesnt have value anymore. So as long as people believe in it it has value. But as long as there's people patronizing bitcoin, it will never be dead.

[Ava Duvall]

I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?

Fear of risk, fear of losing, not understating the overall system.

[Angna27]

For me Iguess one thing that keep people from getting into cryptocurrency is its uncertainties the fact that its digital or virtual people seem cannot comprehend how is it going to happen to invest and make money through it? no matter jow hard they tried to explain it they seems cannot accept its idea specially that marketplace too is unpredictable.

[ReneFigaro]

The failure of many friends or relatives has made people no longer believe in the cryptocurrency market. That may be a subjective reason.

[rosemary4u]

Lack of proper education or  of blockchain technology would prevent people from joining this wonderful world of crypto. I believe knowledge is an essential aspect of all endeavours of life, without adequate knowledge people will find it very difficult to venture into any enterprise and the same applies here to world of crypto.

[cryptogeek101]

I believe that bitcoin has many more advantages than disadvantages. Decentralization, anonymity, independence. In addition, it has great prospects. And instability is temporary.

I think the degree of security for most cryptocurrency blockchain technology is very low, there is need for serious improvement in the security level of these blockchains in order to avoid some of the hacking issues happening in the cryptocurrency space.

[SilverCup08]

Ignorance. As you may know, there is no formal education in place to keep people aware and educated as to what cyptocurrency is all about. Ignorance is not an excuse in the court of law but so is cryptos as there are no laws nor regulation for it.

[Diablesfunis]

Of course it is regulations regarding cryptocurrency, people don't want to get into trouble with law by buying something that is prohibited by the government. If the government give green light to crypto then I am sure a lot of people will put their money into crypto. I don't think the price volatily will scare people because that's one of the charm of crypto as a high risk high reward investment.

[ephelants360]

Of course it is regulations regarding cryptocurrency, people don't want to get into trouble with law by buying something that is prohibited by the government. If the government give green light to crypto then I am sure a lot of people will put their money into crypto. I don't think the price volatily will scare people because that's one of the charm of crypto as a high risk high reward investment.

hi Diablesfunis, If you consider a big bank - institution in the USA -  supporting or even encourage trading with crypto currencies,
can we infer it is a first step in the legalization?
Have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients

[Yurkov]

I think that they are just scared of losing their money, they don't know how they could live with thoughts that their money is put in something that they could not speculate and they don't know how they will react in situation when the price of coin will be going less and less.

[andrei56]

Some of the ressons why most people dont get into bitcoin It’s because it volatile nature the current problem with cryptocurrency is that its price is very unpredictable. Today the price is high the tomorrow it’s down. Due to this investors are scared to invest because they cannot predict how the market will behave. Even with Bitcoin having been working well you cannot still term it stable.People see Bitcoin as a Ponzi scheme The talk of Ponzi scheme has existed for some time.

It is interesting that you say that many people do not get in bitcoin because of its volatility and yet one of the most important reasons of why people get into bitcoin in the first place is the volatility to, people love the volatility of bitcoin because it allows to them to make a lot of money in a relatively short amount of time, the amount of money that you can make in bitcoin is incredible.