Why people are afraid on investing to bitcoin?

[Reatim]

If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC  (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?

I thought that the example closes to the term "Afraid on Investing Bitcoin"

But in a certain thing?Yes you are perfectly right because for more than how many times that Bitcoin had already proven that every Fall in price there will surely coming Hype and many of us already profit on that(but there are also many whos been trapped since 2018)

What is important here?that we knew the risk and we also afford to lose ,and the most important thing?is we can wait and won't get greed and demanding because Volatile market deserves patient and support.

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[metenjean]

Many people frustrated after investing with bitcoin last 2017 because bitcoin ever touch more than $20,000 and now look how bitcoin dump drastically and make many investor lost their money in bitcoin, maybe every day always have new people said bitcoin will back to higher price above $200k but we can't prediction how bitcoin price dump now, maybe this reason why many people afraid for investing in bitcoin.

[Slow death]

Because someday it will pass that number and you will have profit. Am I wrong?

imagine someone bought 100 BTC in December 2017 for the price of $ 18,000. it has been 2 years that this person is at a loss and if that person wants to recover his money he must trade while holding his 100 BTC. I think people should use 50% of their capital to hold and another 50% to trade and should think about having more investments

Am I wrong?

we cannot think that in this market the price will always rise with time. nobody can guarantee that. so buying at prices over $ 9000 for the long term can be a great test of patience for people who buy at that level

[Eugenar]

There is a person that has the confidence to invest all of those 1 million dollars, that is too much even though I really believe on bitcoin, I wouldn't think to invest it all, I would rather invest my 30% of money so I still have money on my own which I can spend to have some business or other things, it still profitable for me if I am going to have a business rather than to invest it all.

Investing is really profitable that is why most of us do investment but we also limit the money we invest because of being afraid that we could lose it all

[Ridwan Fauzi]

If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC  (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?

The key is patience, isn't it?

But most people now just looking for an investment who can give them an instant profit. They just thinking with the volatility of bitcoin price can make their dream comes true. But they are wrong, bitcoin is not like that. You need an effort and more patience to get what you want.

I have read some experience from some people who currently has a lot of wealth because of holding bitcoin. They bought bitcoin for $100 when its price is low like $1 or event lower than that. They tried to hold all of them and sell when bitcoin pricr touch $20.000 how crazy is that?

[wojak]

"Why people are afraid on investing to bitcoin?"

Go to any portal that have opened comments and read them:
- earth is flat
- vaccines kills people
- 5g spreads coronavirus
- bitcoin is used by north korea and mafia to laundry money and backup nuclear weapon programs

Then you want to invest, you are opening your bank account and want to transfer money to exchange - and guess what "suspicious transfer has been blocked, please contact with us if you have any questions".
So I have to make some combinations to transfer my money from my account to any kind of crypto exchange.

Because all my banks do not allow me to do that, official explanation is "because those accounts are used for criminal activities and money laundering" (yes - this is official statement of my bank)

Seriously, last weeks I have same trouble with using revolut, so imagine how normal person that do not have knowledge may react. And people with $1kk are not different they simply have more money by luck or by being good is some particular area of life - it doesn't mean they are smarter or good in other areas.

[ethereumhunter]

Many people frustrated after investing with bitcoin last 2017 because bitcoin ever touch more than $20,000 and now look how bitcoin dump drastically and make many investor lost their money in bitcoin, maybe every day always have new people said bitcoin will back to higher price above $200k but we can't prediction how bitcoin price dump now, maybe this reason why many people afraid for investing in bitcoin.

That is because people don't search for what they need before they invest in bitcoin or altcoin at that time, so that makes them make a wrong decision. If they can found the information from reading or watching from the video, I think they will not invest much money. They attract to the crypto world because of the popularity of crypto that suddenly can grow so fast, and they don't want to be late to invest in crypto. That makes people now seem afraid to back to invest in bitcoin again.

[MCobian]

Many people are afraid of investing in bitcoin, because most people do not believe in the future of bitcoin and also the lack of knowledge
regarding bitcoin. For those of you who dare to buy 100 BTC without hesitation, I'm sure you are a bitcoin believer. I also like you, very
confident with the potential of bitcoin. Therefore we must promote bitcoin and also educate many people, so that more people who invest
in bitcoin in large numbers.

[Latviand]

If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC  (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?

Yes you are right, you will get profit by buying 100 BTC at a price of $ 9000, but with one price bitcoin must exceed your current purchase price. need to remember the price of bitcoin is very volatile, you can lose and can also profit. depends on how you do bitcoin purchase management. Don't buy bitcoin at just one price, it's best to buy gradually at a pretty cheap price. don't do anything stupid by buying at expensive prices and selling them at low prices. Because many novice traders or investors do that because their mentality is not ready with the bitcoin shocks.

When we say bitcoin, automatic, the first thing that will come to our mind is volatility. The profit depends on your strategy and manipulation depending on the market situation, in order for you to become an effective bitcoin fan, you need skills and control. You need experience so that you know how bitcoin works and by that, you'll not be afraid to invest huge amount of money.

Because many novice traders or investors do that because their mentality is not ready with the bitcoin shocks.

This topic is really helpful for the beginners and novice to know what to do to grow in using bitcoin. If you're new to investing in cryptocurrency, don't worry, as long as you learn every time, you'll become more effective and you will adapt depending on the movement in the market.

Take courage on those professional bitcoin fan so that you get some advice and help to know what you need to know more about bitcoin.

[Natalim]

You are correct, the only thing you have to do is just to wait.

But in your example, you are talking of a serious money invested in crypto, I think in real life you will doubt that, investing a huge amount of money, you have ensure that you have the knowledge and the skills to grow your funds, investing does not always result to a profit, regardless of what market you are investing, even in crypto, you could also fail as the market fail, the question is, can you afford to lose that amount you are planning to invest?

[finaleshot2016]

You are correct, the only thing you have to do is just to wait.

But in your example, you are talking of a serious money invested in crypto, I think in real life you will doubt that, investing a huge amount of money, you have ensure that you have the knowledge and the skills to grow your funds, investing does not always result to a profit, regardless of what market you are investing, even in crypto, you could also fail as the market fail, the question is, can you afford to lose that amount you are planning to invest?

Yep, it doesn't mean you've invested a huge money, you will gain a lot of profit there, it's the wrong way of thinking. It just shows that they lack the ability to determine the flow of the market, in short, knowledge in investments and the market. Huge money invested on a specific asset is just a multiplier only, it'll grow multiple times when the market grows green. The market always have a possibility to go down.

We should always remember that there will be always a word "when" on investments, profit is not guaranteed.

[PANK21]

There are so many reasons why people are afraid investing in bitcoin. Even if they are planning to, they will carefully calculate the output and analyze the result of their investment. For me, one of the reason that they are afraid investing in bitcoin is that they still dont know more about bitcoin. Maybe they're still understanding or learning how to create a effective way of investing to bitcoin. Still they're afraid because they might failed in the future but keep in mind that if you are investing to something RISKS are always involve. For a certain time, investment is either failed or successful, up to you what approach you'll use.

[ChrisPop]

Bitcoin wears quitea a high degree of uncertainity. Yes, it acts as a store-of-value now, but the volatility swings scares the most people. I wouldn't want to have 30-40% portfolio swings regularly to be sincere. These said, I personally view Bitcoin as an important part of one's assets as the risk/reward is looking very good from my perspective. I mean there are only 21 Million bitcoins that are going to be mined. If nothing interferes with that and adoption increases $1M/unit is definitely not a pipe dream.

It is all about making risk/reward decisions while having the opportunity cost in your mind and of course, your risk tolerance. Investing is not a place for emotions as that could get you in a dangerous rollercoaster that will wipe your whole account if you're not careful.

[fiulpro]

See problem is , it's not that easy , Bitcoins is not something that will make you rich overnight . Certain problems that people might face are :

Government restrictions
Possible loss of money if trading is not done skillfully
Decentralization , which makes the old ones think Currency is not trustable.
Various scams and negative side ( which accounts for only 10% but yeah media won't tell you that )
General knowledge of mobiles and wallets is needed , you should not invest otherwise.
People stating their negative opinions online even though they might not know anything about it , makes the reader doubt it .
High tax percentage on the profits made by cryptocurrencies in some countries.

Etc..
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See the thing is , it is a personal choice and people apparently have different understanding in every sector. Now my parents are more comfortable in investing in gold and property but I always ask them to invest a little in Bitcoins.  

People tend to think that the government is a positive thing , whereas the regulation by the government is highly biased . Media coverage is seldom positive about the same .

If you have knowledge , skills plus you can afford to be patient then I do think you should think about a safe amount and go for it .

Learn trading ! It's more of a skill rather than a luck thing . You can even earn when the price is low , at the end of the day it all depends on you .

[pragna]

If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC  (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?

Yea, someday it will pass but you think after buying in price of 9000$ if it goes simple slack how many lose you have to bear you can't imagine as you investing 100BTC. Yes if you have enough money you can wait for that time when it will recover. But i think maximum investors come to market for short time investment and profit also. So this is very unfortunate word for them.

thanks.

[finaleshot2016]

If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC  (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?

Yea, someday it will pass but you think after buying in price of 9000$ if it goes simple slack how many lose you have to bear you can't imagine as you investing 100BTC. Yes if you have enough money you can wait for that time when it will recover. But i think maximum investors come to market for short time investment and profit also. So this is very unfortunate word for them.

thanks.

People are just here in the crypto market because of the trend especially when they attracted to the bitcoin halving.

That's the problem for most of the investors in crypto, they thought it will give them instant money. I keep saying that it's not a good idea for investing in the $9k mark since there's a possibility for a drop, they'll just lose their money if that happens 'cause they're not long-term investors.

[adzino]

If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC  (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?

Probably because of the negativity most of the media which are controlled by the government spreads. Again, there are people who are willing to take the risk of losing anything. They want to be able to cashout their profit anything without loss. The risk takers don't mind investing on bitcoin. And finally, there are people who think "bitcoin" and blockchain technology is too complicated, hence avoiding it.

[Sanugarid]

Bitcoin wears quitea a high degree of uncertainity. Yes, it acts as a store-of-value now, but the volatility swings scares the most people. I wouldn't want to have 30-40% portfolio swings regularly to be sincere. These said, I personally view Bitcoin as an important part of one's assets as the risk/reward is looking very good from my perspective. I mean there are only 21 Million bitcoins that are going to be mined. If nothing interferes with that and adoption increases $1M/unit is definitely not a pipe dream.

The uncertainty of the price due to volatility is what makes most of people afraid in getting into bitcoin and you are right it's not good looking when your portfolio swings regularly in high ranges, you got $100 today then you're unsure of what's going to be in priced tomorrow, could be less than or greater than what you have now. Basically this is the reason why most of people out there are cutting with bitcoin after they searched about it, there has been significant google searches about bitcoin but it seems like it does not inclined with the bitcoin price very well.

It is all about making risk/reward decisions while having the opportunity cost in your mind and of course, your risk tolerance. Investing is not a place for emotions as that could get you in a dangerous rollercoaster that will wipe your whole account if you're not careful.

With that being said, I therefore conclude that people these days are in a hurry, they don't have patience to deal with the investments, they want an easy rich money and they don't want to get caught in the middle of pump and dump. I'm not an early adopter of bitcoin, neither a believer of it in early years but from what I have seen it is quite safe to stay with it for more years.

[Swordsoffreedom]

I think the main reason people are afraid to invest in bitcoin is that the price of bitcoin goes up and down randomly. Now a days the market is too much volatile that those who are very skilled or who have been investing bitcoin for a long time are not able to predict about the rise and fall of bitcoin prices. Those people who invest for a short time in bitcoin have to rely entirely on luck. so short-term investors are afraid of bitcoin. but I don't think that those who invest in bitcoin for a long time have any reason to be afraid. because the demand of BTC is increasing day by day and there is high possibility to make new ATH at the end of 2020.

[pixie85]

If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC  (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?

Probably because of the negativity most of the media which are controlled by the government spreads. Again, there are people who are willing to take the risk of losing anything. They want to be able to cashout their profit anything without loss. The risk takers don't mind investing on bitcoin. And finally, there are people who think "bitcoin" and blockchain technology is too complicated, hence avoiding it.

There are two types of investors those who want to play it safe and those who like to gamble and know that reward is usually proportional to the risk. Bitcoin is a high risk and high reward investment and many people see it and try to get more whenever they can.

It's normal that safe investments like bonds that barely pay anything are more popular among people bacause they are afraid of the risk and want to be able to say that their money is working for them and that they have some "investments" but they don't get that an investment with 1.5% yearly profit is a joke.