What will keep people from getting into cryptocurrency?

[BartS]

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?

I do not think that is going to be enough, most people have joined the stock market already which means that people are willing to accept risk when it comes to their investments, the biggest barrier is the change in the way they understand money, people are too used to be protected by the government, people make all kind of mistakes with their credit cards and they recover that money thanks to the protection from a centralized entity but in this market if you lose your money you are on your own and you will never see that money back, so we will require a change in the culture about how to protect our money.

[Gboytee]

When people hear the good behaviour of bitcoin ,they will be more than willing to join. Then people had already invested much on stock. They will soon realised bitcoin is value than stock

[munify]

Lack of knowledge about bitcoin that prevents people from buying bitcoin. Lack of knowledge will make people doubt and also fear because of negative news about bitcoin.

[BigBlackSheep57]

The tendency of earn big profit and also the advantages that they can get only in crypto getting them into crypto.

[PsylockReborn]

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?

The adoption of major companies and merchants is one of the factors that can make more people be interested in using crypto. Promotion of a certain celebrity that has a very good reputation to the public will also help in making other people invest in crypto. It really doesn't matter if the values of crypto is very volatile as long as there's someone popular or charismatic that can influence new investors to come into crypto space.

[geliyorumbensana]

There are not many reasons, the finishing politics of the states, the damage of the investors ... I do not see anything else.
More bitcoin is a system that attracts itself.

[Woyinwarrior]

Bitcoin and cryptocurrency is fast becoming known globally.. The major reason that might affect people from getting into it might be due to lack of substantial knowledge on them.. If awareness is created with the potential benefits you stand to get is passed across, then people will definitely get into it

[Phlaser]

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?

Knowledge is power and technology is key. The technology been offered by Blockchain is second to none and it has a very good use case or products in the real world. Thus more and more people will keep coming into the Cryptocurrency.

[davhek]

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?

Huge downfall definitely scared people away, but once we turn to a huge bull run again everybody will jump back in. Current state with high volatility is great for everyone who likes to trade.

[thankyoulord]

Just like other internet related businesses and opportunities, the major fear and discouragement will be lack of knowledge and awareness of the opportunities that lay around trading cryptocurrency, incorporating it into our daily use for our economy. I feel that government should teach cryptocurrency in schools because cryptocurrency can turn out to become the future money and it could boost the economy of any nation that adopt its use. This is the 21st century for crying out loud, there are a lot of things that can come up and shouldn't be neglect.

[kryptqnick]

Among the main reasons named in this thread by others are price unpredictability, high volatility, fear of scam, bearish market and decentralization. I would like to mention another thing which is not a feature of bitcoin, but rather a trait that is very common for humans. I am talking about being conservative. People don't want to deal with cryptos simply because they somehow managed without them thus far and accepting new important things into their life seems not to be worth the risks. Old people are especially good at applealing to history of human practices and of their own life, which brought them this far and is thus proven to be safe. Who knows what these lines of letters and numbers not even written on paper actually mean and whether it is all safe, right? I'd say wrong, but watching the famous interview with SEC chairman I can see the same thing. It is obvious he doesn't bother to get to know cryptos or differences between them. He keeps repeating that this company has been managing securities for a long time, knows how to do that well and is not going to adjust to new things coming about.

[HarryBrace]

Most of the people run towards crypto because it is now the best source of investment and also it is totally out of the control of government.

[Dondont]

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 make someone stay motivated and motivated by crypto I think it's gone, the problem is that most people always see in a short sight or short range and ignore in the long run so it will be difficult to persuade them

[Fretcy]

The volatility is high in crypto currencies which makes difficult for many to enter the crypto currency market as no one will be able to predict the crypto currency market situation and the thought of losing money when they invest in the crypto currencies and the crypto currency market plunges in the early stages of bitcoins the price was affordable for people to buy bitcoins but the price of bitcoins is coming around $ 7000 USD which is a pretty good amount and if some one invest in it he should be looking for long term investment as there is chances for the price of bitcoins to go up but cannot predict how long it will take to start the huge rally in the crypto currency market.

[Abal Abal]

reasons I often find and make other people reluctant to use cryptocurrency, because they think crypto is a field that is easily passed by many bad people.

[Criptomen]

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?

I think first of all this is the ambiguous reaction of the governments of different countries and ambiguous news and forecasts. All this inspires fear in people.

[HerbertMarcel]

There are a lot of reasons behind this and some of them are the curiosity , the greed to better profit and also the dream to become rich within a short time.

[LyQaN]

The main factor that keep people from getting into cryptocurrency is the risk factor.People find it risky because Bitcoin's price is not steady.Many fluctuations are seen in it's price.So they always feel it risky to invest.

[A Feeder]

In my opinion cryptocurrency is popular now that's why many people are interested and using it, Cryptocurrency is being built for the digital era especially for transaction purposes but because of bitcoin many people are become rich and change their life.

[131tc01n]

yes, I also think like that, uncertainty about bitcoin attracts people's attention to gambling on bitcoin but it can also pump bitcoin, even though I don't like gambling but with the thinking of people like that, automatically the price of bitcoin will be pumped and can benefit other bitcoin holders