Why people are afraid on investing to bitcoin?

[Rafiqul]

You are right; Your thinking is not wrong. Investing in bitcoin and cryptocurrency is really risky. Many are also afraid to invest in Bitcoin and cryptocurrency. Extensive publicity about Bitcoin and cryptocurrency can alleviate this fear and make investments profitable.

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[Mumbeeptind1963]

You are right; Your thinking is not wrong. Investing in bitcoin and cryptocurrency is really risky. Many are also afraid to invest in Bitcoin and cryptocurrency. Extensive publicity about Bitcoin and cryptocurrency can alleviate this fear and make investments profitable.

Admit it or not we are all afraid to take risk most especially when it comes to money matters. When I first join here I am afraid to invest my time and my effort knowing that I have no assurance of gaining a profit for joining here but I took the risk because I need money and I want to earn money from the easiest way that's why I am here.

[skarais]

I had the opportunity to ask 5 different people about the interest in investing in bitcoin after I explained a number of things related to this investment. These five people give almost the same answer and that is the fear of losing because the price is too high, fear of being cheated, legal problems and religious norms so that I can conclude that for ordinary people especially those who dont fully know about bitcoin then they are not suitable people to invited to invest here.

Bitcoin price volatility is one of the reasons why many people are afraid to invest here because we all know that bitcoin investing is a risky investment. There are many risks involved with bitcoin and these are the things that they are considering.

[Kanda Yu]

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?

Bitcoin is not consistent. Sometimes the price of it gets low and if you are lucky it gets high. There people who are afraid in investing in bitcoin because they did not if they will get a profit or the will bankrupt. That's why bitcoin is a risk taking situation.

[Yatsan]

I had the opportunity to ask 5 different people about the interest in investing in bitcoin after I explained a number of things related to this investment. These five people give almost the same answer and that is the fear of losing because the price is too high, fear of being cheated, legal problems and religious norms so that I can conclude that for ordinary people especially those who dont fully know about bitcoin then they are not suitable people to invited to invest here.

We have different views on investment stuffs, not all are willing to risk, not all have a loaded mag, any one can be an investor but not everyone can be a risk taker. Investing on bitcoin takes a courage since it is true that you might lose your money ( proportionally to what percentage ), but if you're monitoring the market long enough your view in it might change over time. Religious norms? I haven't heard about a religion organization that prohibits any of this investment stuffs, or they consider the investment as a gambling practice?

Bitcoin price volatility is one of the reasons why many people are afraid to invest here because we all know that bitcoin investing is a risky investment. There are many risks involved with bitcoin and these are the things that they are considering.

Given that bitcoin has high volatility because there are many players around, this is also why traders are loving short-term investments. Being afraid is a natural feeling especially when you're doing it first time, but then how will you succeed if you won't try?

[skarais]

We have different views on investment stuffs, not all are willing to risk, not all have a loaded mag, any one can be an investor but not everyone can be a risk taker. Investing on bitcoin takes a courage since it is true that you might lose your money ( proportionally to what percentage ), but if you're monitoring the market long enough your view in it might change over time.

You are right mate, anyone must dare to take risks if want to invest. Any investment has risks, even if its a gold or real estate investment and we know that.

Religious norms? I haven't heard about a religion organization that prohibits any of this investment stuffs, or they consider the investment as a gambling practice?

I will not dispute them with regard to their understanding of religious norms because that would invite complicated debate. I also would not invite them to invest in bitcoin even for the first time. This is my own initiative to find out how ordinary people give their opinions on bitcoin.

Being afraid is a natural feeling especially when you're doing it first time, but then how will you succeed if you won't try?

There is no success without the intention to do it and most people who succeed are those who dare to do things that were previously considered difficult and not ready to do it.

[sayulita]

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?

Once people invest in a thing they become conscious about it and always try to check the price of their investment whenever they get free time. And 1 million dollars is actually a big amount to have in a single investment so if one day you see the Price of your investment go down in a single day by more than 20% then you will surely sell most of it so as to Cut back your looses and this will cause you to lose money, so volatility is the reason that people are afraid of investing in bitcoin.

[kolbalish]

In this regard, I must say that do you have really your confidence to trade or Makin investment by using Bitcoin. If you have then go for doing it. This is the right choice ever to make some profit. Many people are afraid of investing on Bitcoin because of price. Price can be different and it may increase or decrease. You must need some patience too.

[Rulelies]

You are not wrong. A lot of people want to buy at the dip because you will gain more. If you buy at 9000$ and imagine bitcoin falls to 3000$ and i buy obviously i see more profits than you and it can be very painful. So is because of things like this people are scared and nobody knows bitcoin next move.

[rexxarofmoknathal]

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?

Once people invest in a thing they become conscious about it and always try to check the price of their investment whenever they get free time. And 1 million dollars is actually a big amount to have in a single investment so if one day you see the Price of your investment go down in a single day by more than 20% then you will surely sell most of it so as to Cut back your looses and this will cause you to lose money, so volatility is the reason that people are afraid of investing in bitcoin.

Sure, volatility is the outermost defiant force weeding out short-term investors or just people who want quick and short-term gains. The thing to realise is that this shortcoming is global it's not just you losing but a lot more so at least be comforted by that but the true nature of those who know about trading/investing and the market is seem at times like these where profit for them is still achievable.

[South Park]

From my experience with people I know and have met in this sphere, it's a combination of people not fully believing in the long term viability of the coins and or the stupid comments of things like "it's only used by criminals blah blah" that makes them not want to stay in it for the long haul. The media hasn't helped in pushing certain negative stories or making it seem like it's this spooky thing the average person should be wary of, as opposed to promoting it as a very viable source of wealth and a way to change the world.

While you are right we should not depend on the media to try to make bitcoin popular and be used by more people around the world, after all we know that for the most part the media is bought by the government and they are not going to bite the hand that feeds them so they are going to spread all kind of lies about bitcoin if they have to, however mainstream media is suffering from a credibility crisis and more and more people are turning to alternative sources to try to find the information they look and that is good news for bitcoin.

[StevetheMan1990]

I hardly can count more than 5 people I personally know who ever heard about Bitcoin. Most people haven't ever know about it. There should be more company that accept bitcoin, and of course people have to see it more in their life. People will need to know more about this more and won't be affraid to invest in it. Currently it's not so widely used, so people don't trust in it.

[hahay]

I hardly can count more than 5 people I personally know who ever heard about Bitcoin. Most people haven't ever know about it. There should be more company that accept bitcoin, and of course people have to see it more in their life. People will need to know more about this more and won't be affraid to invest in it. Currently it's not so widely used, so people don't trust in it.

Social factors and or about what they are looking for on the internet is very influential for them to know about bitcoin, if a friend you know personally does not mix with people who have income from the virtual world, of course friends you know don't know about bitcoin and who what makes you here, because even you can be here doesn't have to have someone you know personally, right? The world is growing and whatever information we need at least can be obtained on the internet, so if we already believe about bitcoin then hurry up to invest and don't have to wait for your close friends to get to know bitcoin first just to invest, bitcoin or cryptocurrency continues to grow over time but if there are still people who don't know about bitcoin, I think it's only natural that not everyone is aware of bitcoin because each has different goals and needs.

[dongosquad]

Bitcoin has a huge volatility and that's why people are afraid of investing in Bitcoin. So a new comersdoesn't invest with the risk of losing money.
At the same time, some people are making huge profits using this volatility.

for the newbie, fear of volatility is a good thing.  This makes the newbie does not recklessly enter the market.  that is, it considers many things, right?  imagine if the newbie just wants instant profit without having basic knowledge, will definitely be stuck at a loss.

Then, what distinguishes between people who want to progress and not is seen from the way to overcome fear.  if you dare to fight fear by learning, it means that the person is a hard worker.  if not, then the person is already fixed in his comfort zone.  nothing is wrong, it's a choice each.

[FlightyPouch]

Many have a distrust of the currency, because it relatively recently appeared on the market.

I don't think more than a decade is that recent for me. Another thing is that it already generated a lot of profits from its investors the reason more people wanted to have their own bitcoins to save to also earn their profits. I guess scams and hacks is more probable reason why people are afraid to it.