blckhawk
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August 25, 2020, 11:31:12 AM |
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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?
Apparently, because Bitcoin has been in a lot of scam accusations in the past few years. Bitcoin has been in any kind of shady scheme such as Ponzi and more, that is why most people and media have negative thoughts regards upon its use. And I personally experience that though. Moreover, some government across the world doesn't give much support on it but instead, they tend to reprimand the usage if Bitcoin and the other cryptocurrencies. Therefore, investors are having second thoughts because of the scammers who use it on their scheme.
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plvbob0070
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August 25, 2020, 12:55:43 PM |
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Not everyone has the same sentiments in bitcoin, and obviously, a lot of people still have not realized the real value and potential of bitcoin. There is good and bad news about bitcoin that still confuses a lot if it's worth it.
Before we really see people investing in bitcoin, they need to be educated first in order to understand it. It's the same with the stock market, it is widely known by a lot of people even if they have no investment. But before they make an investment, they need to study the market first.
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Sanitough
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August 25, 2020, 12:59:05 PM |
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I'm wondering why the general population hasn't yet caught on and started investing in bitcoin.
Don't rush things, we will get to that stage because adoption is on going, eventually people will invest because bitcoin/crypto is going to be regulated and they'll put some trust and confidence on it. 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?
Can't blame them, majority of people invest on recommended investment which are not so high in terms of risk, that's why they'll not gonna benefit if crypto's value will enjoy a significant rise because they can't take high risk investment. I'm sure, once crypto gets more institutional investors, they'll rush their way to crypto.
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Yamifoud
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August 25, 2020, 02:33:26 PM |
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People usually reading bad news towards crypto, hacking sentiments, scamming activities, and etc...It lives in their mind and gives them an idea, not to investment crypto and just lose their money instantly by mistake. That is how news becomes a big factor in regards to crypto adoption.
Apparently, they are wrong about it but we can't easily change their mind until such time that gives them no option but to use it. Since we have a stock market, gold and so many investments surround us, it also gives them a way to move away from investing crypto. Ony a risk-takers can afford to invest crypto and are also willing to lose their money. Most of us don't have that guts that is why so many people are still not knowing Bitcoin.
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taufik123
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August 25, 2020, 02:42:27 PM |
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Some people still don't believe in crypto or in this context bitcoin. The big risks make investors reluctant to invest more in bitcoin. Very high price fluctuations will have an adverse impact, because some investors don't want to take on too much risk. Too much speculation and price play is being imposed on cryptocurrency. who has the money is the ruler and can move the market easily.
About the legality of bitcoin in several countries is also questionable. technology of the future is still not fully accepted by the world.
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Pmalek
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August 25, 2020, 02:50:20 PM |
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Because it is still too volatile. Take a look at the last 24 hours. Bitcoin is down 2.5%. Now imagine a big investor bought million dollars worth of Bitcoin just before it started depreciating in value. He just lost part of his investment in one day. Sure, the price might go up by 5% tomorrow, but it can also go down another 5-10%. Both scenarios are equally possible. It is the uncertainty that causes the fear.
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Rengga Jati
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August 25, 2020, 08:58:28 PM |
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Who said that? Actually people prefer to invest in Bitcoin than investing in the stock market. That's the fact I found in many discussions currently. Even if some people still invest in the stock market, they may join in crypto investment as well, especially invest in Bitcoin. Crypto investment offers a bigger chance for higher profits, which makes people try to invest in Bitcoin or altcoins.
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NavI_027
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August 26, 2020, 01:48:36 AM |
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That's expected since stock market is on the mainstream long time ago already while bitcoin trading or let's say the cryptocurrency in general was only created several years from now. You should understand that crypto adoption is not vast at the moment but good thing we are slowly growing as time goes by . Nevertheless, I strongly believe that the word of bitcoin will spread all over the world soon. I hope everyone will hear about this promising technology and get benefited by it soon. Because honestly, crypto is easier to manage than stocks or other tradable commodities plus it is more affordable so I think everyone would love it
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erikoy
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August 26, 2020, 02:05:25 AM |
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Stock market is more stable and lesser loss could take than cryptocurrency which is high in returns but risky too compare to stock market.
However, investment had somehow change now because others are now investing in cryptocyrrency. They had already risk their sources to bitcoin and I think some are already gaining because of their experience in stock market they can have the advantage in bitcoin investment.
Whatever investment someone to make risk is always there so if I were to chose between cryptocurrency and stockmarket? I will chose cryptocurrency (bitcoin).
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nakamura12
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August 26, 2020, 02:47:22 AM |
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It's because of the scam accusations and also many people are afraid that they might lose their money because of the up and down of the bitcoin price compare to the stock market which is more stable than bitcoin. Also, people should be taught the exact information rather than the misconcept, incorrect information about cryptocurrency.
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GeorgeJohn
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August 26, 2020, 09:26:28 PM |
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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 peoples have noticed the benefit of cryptoccurrency, and people refer to invest in cryptoccurrency now than physical investment because crypto investment is more secured than Manuel business. Cryptoccurrency is decentralized know one is regulating it. That is the reason people are rushing into it.
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cornerstone store (OP)
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August 27, 2020, 03:12:13 AM |
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I'm seeing a few recurring reasons as to why people don't invest in bitcoin, which makes sense when you look at it from an outside perspective. I believe that the combination of trust issues/perceived unreliability of bitcoin is what deters people from investing. If more people looked into cryptocurrencies and the reasons as to why they were created, more people would be inclined to invest.
Will a world where everyone switches over to crypto happen any time soon? Probably not. Is it possible that sometime in the near future everyone will own a share of crypto similarly to how everyone is currently invested in the stock market? Hopefully.
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cryptoperkele
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August 27, 2020, 04:36:41 AM |
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Because it is still too volatile. Take a look at the last 24 hours. Bitcoin is down 2.5%. Now imagine a big investor bought million dollars worth of Bitcoin just before it started depreciating in value. He just lost part of his investment in one day. Sure, the price might go up by 5% tomorrow, but it can also go down another 5-10%. Both scenarios are equally possible. It is the uncertainty that causes the fear.
Yet currently 95.5% of the whole time Bitcoin has existed, it's been profitable to buy. ( https://twitter.com/CalendarProfit/status/1298711847407718401 ) It baffles me that investors of all people are looking at short time frames rather then seeing the big picture, and at the same time everything can go down, even gold.
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cryptoaddictchie
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August 27, 2020, 05:17:18 AM |
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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?
Some of them are still in doubt about bitcoin since this is not officially endorsed by any centralized government well for some countries. Also some people still not familiar with its use case and purpose but just heard that ita a good investment. I can say that even at this stage we are still an early adopter of bitcoin. Some investors are also looking on some profitable projects in the altcoin so investors that can focus on bitcoin has been scattered.
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akirasendo17
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August 27, 2020, 07:17:21 AM |
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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?
Its hard for them to leave what they been doing for years, as we all know , at the same time i talk to someone before why he is not interested in investing, he told me that , he is generating money already, why would i bet on something that i'm not familliar with, thats what he said. maybe crypto needs to move closer to the community, like partnering with stores, and other businesses around the world, at the moment only few countries use crypto,
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Asuspawer09
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August 27, 2020, 11:10:26 AM |
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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?
We cannot really expect a lot of people to invest in bitcoin, because of a lot of reason, its either they just don't know what is bitcoin or investment, it could be bitcoin is risky for an investment and you can always expect a profit. Also, there are still a lot of ways that you could do in order to make a profit not just investment in bitcoin, doing business could be more reliable than putting your funds or investing it in bitcoin. Maybe as bitcoin adaptation continues around the world we could see a lot more people investing in cryptocurrency and bitcoin, for me a lot of people just didn't know how it works so they are afraid of trying it since the online or digital currency is more like a scam to them.
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fortunecrypto
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August 28, 2020, 02:20:26 AM |
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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 still think that Bitcoin and Cryptocurrency is in the trial stage and they want to prefer to invest in proven investment schemes just like stocks mutual funds and traditional investment, many people want to play it safe, but they will soon found out how great investment in Cryptocurrency is but they will soon realize they should have invested earlier.
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hatshepsut93
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August 28, 2020, 03:16:34 AM |
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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?
You need to look at it from the point of view of an average person. First, they have heard in the past that Bitcoin is a bubble, a ponzi, a tulip bulb, and other unpleasant things. They also know that it's prone to rising fast and falling past. They also know that it isn't used very much in real world, cause otherwise they would encounter it. So, why invest in something so fundamentally risky, if you have stocks that at least can be approached from some rational point of view by looking at the company.
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bangkecol
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August 29, 2020, 01:28:01 PM |
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Maybe Because Bitcoin is new or still young for investment . Beside that , common people is not enough understand about bitcoin. So , They choose to invest in the stock market. Whereas Bitcoin can give high ROI.
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fourpiece
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August 29, 2020, 01:58:53 PM |
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Everyone has thier own opinions and likes, maybe there are some things why they cant invest to bitcoin, 1.bitcoin is a fraud 2. Local tv and banks dont like bitcoin 3. Bitcoin is use to scam people. But not literally bitcoin is a scam.
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