Why don't more people invest in btc?

[cornerstone store]

I'm wondering why the general population hasn't yet caught on and started investing in bitcoin. These days people seem to be willing to immediately invest into the stock market, but not into any cryptos, when it has such a large potential in the future. Why is this the case?

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[jossiel]

I'm wondering why the general population hasn't yet caught on and started investing in bitcoin. These days people seem to be willing to immediately invest into the stock market, but not into any cryptos, when it has such a large potential in the future. Why is this the case?

They trust more stock market because it's been existing for a long time. While bitcoin, it's still young and many have used it to scam people. The impression of those people who have read the news is that bitcoin was used for scamming or illegal activities.

The main context that they get is that bitcoin is the actual scam and money of illegal doers. They are not willing to learn more about it because they get that very first impression that they've read or heard from the news and won't get through facts and are fine to listen to negative news than what bitcoin really is and its true potential.

[sheenshane]

Investors have different insights when it regards investment either stock or Bitcoin.

They know that Bitcoin is more volatile than stocks and those who are willing to take a high risk and have potential high profit, they will choose Bitcoin. Because there is a potential for sudden growth and on the opposite side of sudden loss.

I don't know why you are saying this without proof that Bitcoin investment hasn't yet on the mainstream. Bitcoin was now competing with the gold and the stock investment worldwide.

[actmyname]

The status quo is so because change is slow. People transition slowly from standard to standard because of various factors, whether it be biases, pressure, necessity or accessibility. For example, consider the fact that the market cap of Bitcoin is paltry when compared to that of the top 10 companies by market cap: Apple alone has 10 times BTC's market cap.

Now, although you might agree with the current BTC market cap valuation but most people who don't use the currency will look at it with much more skepticism. Therefore, they may consider the true market cap value to be much lower on behalf of manipulation, high expectations or otherwise. Investing in that, and seeing that there are possibilities of double-digit percent swings is difficult. Plus, everyone is telling you to play the conventional route, whereas Bitcoin looks like a black sheep.

[masulum]

I trying to promoting bitcoin to my neighbor and how to invest. Most of them rejected because some reason,
1. Does not have a legalities
2. Afraid to lose their money
3. To complicated
4. Better open a shop than invest in bitcoin
5. Hard to understand
6. No answer..

Maybe one of this reason also happened in other people outside have a similar view. Most of them doesn't know what is bitcoin and crypto. Same like me when not interest in Bitcoin 9 years ago. I think it will different if they are already makes a profit, they wouldn't just thinking about the risk because the return also worth it

[Yaunfitda]

I'm wondering why the general population hasn't yet caught on and started investing in bitcoin. These days people seem to be willing to immediately invest into the stock market, but not into any cryptos, when it has such a large potential in the future. Why is this the case?

It's because bitcoin is still fairly young market as compare to stocks. 10 years is not enough to really put it in front of social media, although bitcoin is slowly making it's marks on millennial, Young investors have flooded into bitcoin during the pandemic, while the older generation can't get enough of gold, a team of JPMorgan analysts said. And then there is the big risk involved, bitcoin is know for its volatility and most investors doesn't like an asset that moves so much, unlike traditional stock market.

[mk4]

1. While the majority have heard of bitcoin, only a small minority actually knows what it's for.

2. Bitcoin is a very very unique asset with it's own separate asset class hence people are going to be heavily skeptical.

3. Bitcoin has only been around for more than a decade, whereas the stock market has existed pretty much since who knows when; hence people are more confident in investing in stocks.

4. No matter what we say about the government's quantitative easing and such, stocks are still a far less riskier investment(though of course it will depend on what specific stocks you're investing in).

5. Bitcoin, not crypto.

[odolvlobo]

The answer is simple. Investment in Bitcoin is speculative and risky, and most people avoid speculative and risky investments.

[Darker45]

They are not doing that basically because they don't share with your view that Bitcoin "has such a large potential in the future." So you have to convince them with that before they will finally take a look at Bitcoin as an investment option. But before anything else, they need to understand Bitcoin first. And even in this first step many will probably already say, "No, thanks."

[Jawhead999]

In my experience most people doesn't want to invest in Bitcoin because they said it's scam and people using it as illegal activities. Too many exchange got hacked and scam wallet make people worried if they money will loss. Even I have gave some good suggestion to prevent it, they still didn't trust it.

Most of bitcoin holders are young-adult people (Generation X - Millennials - Generation Z) and tech-savvy person, probably the next generation many people will interested in Bitcoin.

[OgNasty]

A lot of people are shockingly bad with technology. Things like Bitcoin aren’t anywhere near their radar or comfort zone.

[joniboini]

Aside from what has been mentioned, this will probably change in the next decade(s) as long as bitcoin still exist. Centralized services will be more regulated so that would be a trade off. But there's always an option to either mix your coins or just buy from P2P markets. There will be new generation of investors who're familiar and can use tech comfortably.

[DdmrDdmr]

The few people I personally know that have invested in Bitcoin is due to them having a technological background, being therefore able to understand the "be your own bank" mantra, and all that it entails in terms of tenancy, safety, legality/taxation, price fluctuation and usage. Outside that technological scope, I can’t recall anyone personally.

There’s always the invest and/or usage duality to consider, which are not incompatible, but whereby the general balance seems clearly lenient towards the former. Wasn’t the latter the intent behind Bitcoin creation (rhetorical)?

[Rikafip]

People are less inclined to invest in something they don't  understand, and for many bitcoin is way too technical and out of their comfort zone. When you add on that the fact that bitcoin investment is quite risky (at least in short term) and they keep hearing stories how bitcoin used to be 20k and now it's much lower, you get this.

What's interesting though is that to many people bitcoin is too expensive at this price but it will seem cheap to exactly same people when it reaches new ATH and then they will be willing to invest.

[tranthidung]

People are less inclined to invest in something they don't  understand, and for many bitcoin is way too technical and out of their comfort zone.

It also partially comes from the misleading strategies of governments. They try to spread and seed the word virtual (not real) for bitcoin. They said Bitcoin or cryptocurrency is kinda virtual currency. Locals read it and feel like they never have control on virtual things. After that, many of them avoid to use bitcoin or cryptocurrency. Governments don't like things or technologies that can destroy their power.

Of course, you are right that technical things prevent some sort of old or lazy people to get exposure and experience with Bitcoin. Bitcoin is for everyone who adopt it but let's wait more significant changes and adoption from younger generations.

[Alucard1]

There are still many people who don't know things about cryptocurrency especially if they are living in a country that banned cryptocurrency. They don't know it so they are afraid to try it, well that is what we can feel whenever there is something related happens in real life.

There are also some people who trust stocks over cryptocurrency so they choose to invest in it because of thinking that their money is safer than investing in crypto.

There are also some people who think that bitcoin is not well secured because it is decentralized, most of the people only regard legal transactions allowed by the government. The government is no place in crypto so they tend to doubt investing in it.

Thinking also that they may lose their money in crypto, cryptocurrency is volatile which means that it changes its process rapidly. If they are not that so familiar with it then they may think that they can lose their money easily.

[Botnake]

I'm wondering why the general population hasn't yet caught on and started investing in bitcoin. These days people seem to be willing to immediately invest into the stock market, but not into any cryptos, when it has such a large potential in the future. Why is this the case?

Because investors does not see that potential in crypto yet, they are playing safe, they invest in stocks as it's more regulated than the crypto market. If we are going to weigh crypto against stocks, investors will see crypto a more risky investment compared to stocks, some even see it a ponzi scheme or you are like gambling.

[Rikafip]

Of course, you are right that technical things prevent some sort of old or lazy people to get exposure and experience with Bitcoin. Bitcoin is for everyone who adopt it but let's wait more significant changes and adoption from younger generations.

What's even worse, I know quite a few of those (mostly online) that despite being tech savvy, having read bitcoin whitepaper and all that stuff, they still see it as just another scam.
Despite crypto being generally popular in Croatia and it can be easily bought and sold at many places, our biggest and by far most popular IT forum is full of exactly those kind of people, that are IT experts in their fields, yet they are heavily against bitcoin, and you would expect from them to understand things better than average Joe. I argued with them for years, but kinda gave up  and lowered my activity there when I moved to bitcointalk.

[Findingnemo]

Who said people are not investing on BTC, everyday more people are entering into the crypto market but compared to the total number of population and bitcoins existence we are still lacking decades compared to stocks.

Millennial generation investors are investing more in cryptos and in the next few years, we can see a drastic growth in crypto's market cap value.

[Kong Hey Pakboy]

Even bitcoin is becoming more popular and is now having an improvement to it's price. Many people are still afraid in investing in bitcoin because they assume it is just a scam  or a ponzi scheme and there are no any assurance when you invest in bitcoin. Some people also have difficulty, when it comes to understanding blockchain technology and cryptocurrencies.