Is the fear of crypto-currencies legit?

[laoou]

This is a very good phenomenon, which shows that investors are rational. When the confidential currency market recovers, a large number of investors will return to the cryptocurrency market again. Fear of being cheated is the idea of most investors.

[Aragorn_125]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Fear is normal, but when you begin to plunge into all the processes and think about certain actions, you simply forget about it. The main thing is to make the first step and the right one.

[Mianae]

No one is scamming anyone. The only time people get scammed is when they don't follow the right way of investing. The exchange are there, you can always purchase any coin you wish to from the exchange.

[kiryamikronov]

Some are afraid, some lose money, others begin to invest, and the fourth consistently earn money. Here many people have many opinions. Cryptocurrency and there is a fact, and people choose to invest or simply to observe.

[JealousCup]

Fear of what? that the cryptocurrency will one day go into extinction? i don't believe such fanacy mate. The major problem that i currently observe in cryptocurrencies is the legitimacy of those projects intended to be good investment for the investors but turn out to be scam to the investors. The investors fear is valid because of the ongoing scam project almost every were.

Fear of what you asked? Fear of what happened today with crypto-currencies losing around 15% of their value in the stock market. True enough, no financial asset is exempt from fluctuations but today was just a dark day for Bitcoin and Cie.

[irenegaming]

Of course, I don't know how long you've been in the market, but the fear and horror stories are quite real, many people have lost everything or have won everything here, it's quite risky to invest in this market, at least in the way you need to do to earn money, in terms of scams, now are much less common because people are more informed, but there are always mistakes that make them fall into such traps.

[rabinot]

I believe that a cryptocurrency should exist, but definitely we must start it somehow

[mapsi]

Yes that fear is legit because there are too many scammers and hackers in cryptoworld. New and unexperienced investors can lose their money in crypto now. Because of bear market people always trying to steal some money from other people and it is getting worse day by day. New investors have to learn about safety before doing any investment in crypto market.

[bling-bling]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Having fear is normal especially when we engage into something new and we do not fully understand. But fear is temporary. Fear means 'False Expectations Appearing Real.' We often times fear things we do not know. But that's the thing! Why not initiate knowing what needs to be known and find out if there is really something to fear about? Coz that's the only way to overcome our fears.

[JealousCup]

I don't think that should be the case, fraud is caused by irresponsible people and that shouldn't happen in cryptocurrency. Until now there are still many who believe that crypto or bitcoin is the choice of many people for the future.

Meanwhile, many fake crypto apps are available in the Google App store and despite the fact they've been reported, Google still hasn't done much about the problem. What you think about that?

[transformt]

This is the choice of each and every person who starts investing into a cryptocurrency understands the risks associated with the fact that he can simply lose all his money

[Dondont]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Yes of, course. this virtual currencies actually have the weakness at some point, especially at its security, from a years before till now if you search for Bitcoin or Markets hack, it will comes with many news (of course from different market) which is, it means that people's money on the exchanger/market is still vulnerable

[zhea]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

You can be scared in crypto if you don't know how it works and what is the risk when you invest in it. Acquiring more knowledge and education about crypto helps you eradicate the fear you have and instead of fear it will be replaced with the enthusiasm to invest since you know how to work around to gain profit.

[Lexurdania]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

If they already invest in crypto, they should be not afraid in this market. Every people when investing their money, they should already make research. I am believe this crypto will growing more bigger than now, what we need is a patience

[castiloros]

the initial stage when many feel afraid then that is a reasonable thing to happen. But if it could deepen a crypto and understand potential crypto will then slowly fear it will be lost and can be a good motivation to continue to invest in crypto. just need the process and also the confidence to make the fear of it being lost.

[maydna]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

If they already invest in crypto, they should be not afraid in this market. Every people when investing their money, they should already make research. I am believe this crypto will growing more bigger than now, what we need is a patience

But the most problem for every people in crypto is when the bad news comes out and spread the fear to other people, they become panic and afraid with the worst thing. I've seen this situation, and even they already learn that invest in crypto, they need to control their emotion and don't panic with something that might happen. They should not be scared to invest in bitcoin especially if they learn more about bitcoin, and this is why we need to use the money which we can afford so if the bad comes, we don't lose too big money.

[akeda]

The concerns that you experience are natural, especially in situations like this, maybe you are afraid of losing your money when investing in crypto, but you must keep thinking positively about the ups and downs in the crypto world that are natural and we remain wise in reacting

[Chainsmokers]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

the fear of being cheated is humane seeing the many scams in crypto lately. But investors must also prepare mentally with the consequences that exist besides being able to choose coins that are trusted.

[moonblocks]

Investors have become a bit more cautious investing in crowdsales because a large percentage have turned out to be scams or projects that aren't viable long term but that hasn't really affected the perception of Bitcoin and the very top assets however, cryptocurrency overall has been tarnished by these lower quality offerings

[jemarie20]

We need to know first how to determine which are good project and which are not good, so if we know that we can invest in the real project and we can earn more, and you can avoid wasting project.

Knowledge is the great foundation of success.