What will keep people from getting into cryptocurrency?

[Harrisonimo]

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?

Part of the scare that will keep people away from cryptocurrency is the dip; and majorly that which the market is currently facing. The repeated dip is also affecting potential investors of ICOs. The dip has to stop and also a bull run has to happen to bring in people to join in the cryptocurrency markets again.

[1715188186]

1715188186

[Barcode_]

I think whenever there is a news report on some crypto-currencies exchanges or online bitcoin wallets getting hacked by hackers, the traditional media tends to keep on reporting the same news multiple times, and people who do not have strong knowledge about crypto-currencies would avoid getting into it after sawing the negative news report about bitcoin as they do not wish to risk losing their money to hackers.

[Afnan_faizah]

The price of bitcoin is tend to rise due to the limitation amount of bitcoin. So when new people come automatically the demand of bitcoin will increase. This circle make people keep getting into cryptocurrency.

[gesdan]

to makes people want to buy bitcoin need to have the benefit that makes people want to buy it, and there are many benefits that will make bitcoin is more popular than now, maybe we can use bitcoin daily and make a payment gateway for bitcoin, so we can use it every where and every time

[Cool1]

Because bitcoin cannot be controlled from any party and bitcoin is able to overcome economic problems and can also be used for promising and safe investments to use. As for what is blocking it because it is not legalized by the government, for example Indonesia.

[princeyeboah]

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?

Of course, most potential investors are refusing to join the crypto community because of the instability of the crypto market. Another factor that drives potential investors away from crypto is the false news coming from the media, banks and the governments. These news contain elements which creates FUD in the people.

[Piggymonster]

Its hard to let people see and understand  what I see in the crypto, that I think it is the biggest thing in the human history. Perhaps, the reasons that it is hard for them to believe it is crypto is still a little bit complicated, it is a complex to learn. And the worst is the fake news and the people who criticized it that makes other people doubt it.

[denzkilim]

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 what's keeping the people from bitcoin is that it is profitable. It's profitability has a different level which is very accessible to almost all people in the world. It is profitable and accessible. The convenience when using bitcoin is great.

Let's be frank in here, the majority of the crypto investors got in here because of the Hype and FOMO(Fear of missing out) and this two things fuel most of their greedy hearts and this is the reality in this speculative digital world.
The crypto currency industry is a very wild industry and this is where all of your feelings whether its happiness or sadness and frustrations will collide and if you can't handle it you'll surely end up depressed and stressed. It's like survival of the fittest and if you're not strong enough you'll end up miserable in this wild, wild crypto industry. 

[erichall]

Well yes, of course, but the constant uncertainty and instability of the bitcoin cost frightens many people. Therefore, investing and buying a bitcoin is far from suitable for everyone.

[chrisnewsome]

I think that the other things that will keep people from getting into cryptocurrency is the government. We all know that the prevalence of cryptocurrency makes the current currency of a country destabilized. Because of this, the economy of the country will fall into disarray, leading to the destabilization of the structure of the government.

[heartwreck]

The first that comes into my mind for people will keep or continously use bitcoins or other crypto currencies is the proper knowledge on what is cryptocurrencies, also tell people what are the advantage and also if there is disadvantage on using it. Educating people that has a lack of knowledge would probably help many .

[Huntler1993]

One thing is likely to discourage people from getting into Crypto is it volatile nature, it has never been stable with so many ups and downs. Also another thing is the technology involved, most people are not privilege to get the tools and requisite skills needed by Cryptopreneurs.

[Dmitry.Vastov]

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?

We all know that the valuation of bitcoin is deflating now a days and the market is about to crash but yet there are millions of people around the world who are continuing investing into bitcoin and there are many characteristics of bitcoin that keep people investing into bitcoin and the most important is its sustainable nature, bitcoin has made its existence since more than a decade and thus people find it most trustworthy and then the bitcoin investment are the safest and the most confidential one, convincing people that they are investing in right place.

[mendra_2009]

Those who do not want to enter the cryptocurrency, usually because they do not have a good understanding of cryptocurrency and are afraid of the risk of loss

[ephelants360]

I share with u data from Europe and Australia, of those people and countries who are getting into cryptoeconomy
Source: June 2018

The survey is reportedly conducted several times a year and takes into account gender, age and population in each country, while consumer figures are an average. The latest study, which was carried out between March 26 and April 6, 2018, compared 15 countries, with about 1,000 respondents surveyed in each.

While only 9 percent of respondents own crypto, 25 percent said they will own some in the future. The highest percent (18 percent) of crypto ownership is reported in Turkey, while the lowest (4 percent) is in Luxembourg.

Fewer than one in ten in Europe owned crypto, with similar figures in the U.S. and Australia.

The survey revealed that people in Europe who are mobile bankers are much more likely to own crypto (12 percent) than those who are not mobile bankers (4 percent).

66 percent of Europeans have heard of cryptocurrency, of which 77 percent are men and 55 percent are women; 35 percent agreed that crypto is the “future of spending online,” while 35 percent said it will increase in value in the following 12 months.

The share of awareness of crypto is equal to or exceeds 50 percent in every surveyed country, with the highest rate in Austria (79 percent) and Poland (77 percent).

In the U.S., 57 percent of respondents have heard of cryptocurrency.

[mjaranzasu]

Those who do not want to enter the cryptocurrency, usually because they do not have a good understanding of cryptocurrency and are afraid of the risk of loss

Yes, because of so many bad news spread before this is the main reasons why people are afraid of making investments, they don't want to lose capital and they don't trust it.

[CrazeCoinz]

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?

We need to spread the good news about cryptocurrency as our future of digital currency and educate every person the basic of this technology as they will not be the victims of those scammers. If people can fully decide what is a good project then we can minimize those fake and hype and people will have confidence to invest and use this technology in their daily lives. Although we need to push mass adoption to fully utilize the potential of this technology and help one another.

[yatsey87]

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 the biggest factor is ignorance and fear of the unknown. People fear what they don't understand and many are also weary of things that "seem too good to be true" and bitcoin is usually even touted as a can't lose investment or a money that drug dealers and terrorists like to use, so people are often weary. The mere mentioning of the 'darknet' or 'deepweb' is enough to scare a lot of people off and lets not forget that there was a time when 99% of the times it was mentioned in the media it was done so with negative connotations like its use in drug deals and darknet markets and that puts a lot of people off from even investigating it and seeing the brilliance of the underlying technology. If you ever encounter someone who is skeptical or cyncial then just explain to them the actual uses genuine of it and how fiat cash can just as easily be used for bad stuff and bitcoin is so much more than just 'anonymous' money.

[Ghypatt]

The ultimate reason why people have been afraid to enter into crypto has been the fact that it is not legalised. I believe any other reason will be insignificant if Btc is worldly legalised. It wouldn't be easy for this to happen though but I do hope that as Btc becomes more stabilised, more people will be drawn into it.

[sngwinner]

The volatility has been a major hindrance to Btc adoption. I however think ignorance is the sindle most important factor why people are scared to invest in Btc. With enough knowledge on this technology, you can understand most of its dynamics and at least for the fact that this technology has a good potential to make exploits will keep you here.