Can this be the reason some people are afraid to invest in Bitcon?

[Sayeds56]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

This is not the fault of the education system, but the fundamental human tendency when it comes to taking risk when your hard earned money is involved. If you are not willing to take risk there is nothing wrong in it and only invest if you are willing to take the risk and it might not reap the benefits all the time.

I am also a victim. Wish I had joined this forum earlier.

If you are willing to take the risk, you can invest right now rather than thinking about the past, thinking about the lost opportunity does not make any sense .

You are absolutely right, opportunities rarely come in life but we have to seize them and take advantage to bring about a peasant change in our life. Current bearish market is very good for accumulation of Bitcoin on every dip and believe me we will harvest huge profit when after the next halving Bitcoin supply will come down and scarcity of Bitcoin will naturally increase its price to the new ATH.

[1715658470]

1715658470

[pgbit]

Because Bitcoin is not accepted everywhere and very few peoples aware about it.If an internal problem occurs such as a virus corrupts data or the wallet file is corrupted, bitcoins can be lost.its values is not accepted by any central bank.it has no physical value it is also converted in to currency.Its value is always changing according to the demand, there is no fixed value.If bitcoin is paid in exchange for an item from a merchant, there is no telling what the value of the bitcoin will be when the item is returned which creat confusion.these all can be the reasons that some people are afraid to invest in Bitcoin.

[BALIK]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

This is not the fault of the education system, but the fundamental human tendency when it comes to taking risk when your hard earned money is involved. If you are not willing to take risk there is nothing wrong in it and only invest if you are willing to take the risk and it might not reap the benefits all the time.

I am also a victim. Wish I had joined this forum earlier.

If you are willing to take the risk, you can invest right now rather than thinking about the past, thinking about the lost opportunity does not make any sense .

You are absolutely right, opportunities rarely come in life but we have to seize them and take advantage to bring about a peasant change in our life. Current bearish market is very good for accumulation of Bitcoin on every dip and believe me we will harvest huge profit when after the next halving Bitcoin supply will come down and scarcity of Bitcoin will naturally increase its price to the new ATH.

Instead of continuing to regret the past you should seize the opportunity now, it is not too late for us to start with bitcoin. The market still has a lot of opportunities to make profits, right now we are in the bearish season and bitcoin is at a high discount.

If you think you have missed your chance in the past, now is your chance to correct your past mistakes, whether you really want to catch it or not is up to you. At the current discount rate, I believe that if you start holding, the profit you will get will be a huge profit, I can say it is a bigger return than any of your investments before.

[RockBell]

I think people are scared of taking risk but when taking risk you should be able to manage risk especially when it comes to investing in bitcoin people are always scared of investing but I believe you have this forum to guide you there are different thread here that helps guide you while investing , i so much love this forum because of this advantages once you registered you can learn so we should encourage people and awareness is also okay when it comes to investing or trading.

[dimonstration]

Because Bitcoin is not accepted everywhere and very few peoples aware about it.If an internal problem occurs such as a virus corrupts data or the wallet file is corrupted, bitcoins can be lost.its values is not accepted by any central bank.it has no physical value it is also converted in to currency.Its value is always changing according to the demand, there is no fixed value.If bitcoin is paid in exchange for an item from a merchant, there is no telling what the value of the bitcoin will be when the item is returned which creat confusion.these all can be the reasons that some people are afraid to invest in Bitcoin.

FYI, You can still recover Bitcoin even you wallet is corrupted as long as you save your private key somewhere else because Bitcoin itself is indestructible from attacks because it’s recorded in the blockchain. Only the wallet can be damage but you can always reinstall and import your private key to recover your Bitcoin.

About Bitcoin being use on purchasing in marketplace. Merchants are using payment solution that automatically converting Bitcoin into fiat amount the moment it was sent to the merchant address to solve this volatility issue on the price.

[Rufsilf]

Once the word afraid is in our mind, it can be a disaster for our future particularly in making a decision. We can't move freely and make smart decisions.
Maybe, sometimes we feel like this but not all the time we should have to carry this thing otherwise, nothing will happen to us. This is just like taking risks in crypto investment, trading, etc...
It is definitely a need for us to conquer this feeling before it will be going to late. If we have to overcome fear, it is a need also for us to trust ourselves and keeping in mind that nothing will happen to us if we don't act.

[Sayeds56]

I think people are scared of taking risk but when taking risk you should be able to manage risk especially when it comes to investing in bitcoin people are always scared of investing but I believe you have this forum to guide you there are different thread here that helps guide you while investing , i so much love this forum because of this advantages once you registered you can learn so we should encourage people and awareness is also okay when it comes to investing or trading.

You are right that risk management is important in trading & investment but I think in case of Bitcoin DCA strategy ( Dollar cost average ) is more important because it is a precious & store of value and generally investors  accumulate it to book huge profit in the long term. For day or swing traders risk management/money management & good technical skills are very important to generate income in the short term.  

[bakasabo]

The only reason why people are afraid of Bitcoin is fear caused by lack of knowledge. There is nothing to do with investment, a lot of people are afraid to try something new, because they see no reason doing it. They dont want to change and try anything new, because their current life completely suits them. My first acquaintance with Bitcoin happened when I searched for a way to earn extra money. Reason of acquaintance - I have started loosing control and confidence of my financial situation.

[Tony116]

In my country in Indonesia, of most people only a few know how to invest using digital money, the rest they invest their money such as, Land, Houses, Gold, Rented Houses, they are reluctant when I tell you to invest their money in bitcoin, because there are some problems than before, there were many gambling products under the guise of trading, that's why many people don't believe in digital investment, here I understand that knowledge is more important than the lust of someone who wants to have instant money, that investment has risks in each field...

It can also be understood that land, houses, gold and silver are pre-existing things, real assets that we can touch, hold and need to use every day. In contrast, bitcoin is a virtual currency on the internet, with strong volatility, so people are afraid to invest. People tend to prefer safety over risk, only a few like taking risks to make a difference investing in bitcoin. Ignorance about bitcoin is the cause of their fear of bitcoin.

[Japinat]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

That is just a natural reaction for someone who doesn't know how bitcoin and other cryptocurrencies works, but what is not normal is when you let that fear decides what's good and right for you because that same fear will become an obstruction for you to earn big in the future. Risks are always there and they won't budge just because you are afraid, instead, you overcome them so that they won't impede you from learning.

Bitcoin has already proven to be another way to make money and many investors can testify to that. So, will you still let that fear control you?

[KaliLinux]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

Yeah even though people have this way, it isn't restricted to Bitcoin Investment. How many times have we heard instances where people invested in other sectors like shares of companies and sometimes after the company closes down and you lost all your investment, this I have witnessed first hand so, people still lack the will to look and research what is in front of them and will always want to play safe however once they really understand what Bitcoin is, then they will have a second thought.

[livingfree]

It's fair and normal to be scared of new things that has been discovered. It may not be new to us but it's new to those that are scared. At first, that's the legitimate reaction that one can show but, if they show genuine interest then they'll study hard and research about it until they wholly or partially understand it.

I am also a victim. Wish I had joined this forum earlier.

You're not a victim, that's your reasonable equal reaction upon looking at bitcoin. That's what many of us has said too that we all hoped that we knew bitcoin too early so we bought at those low prices.

But, if we come to realize what we're saying. We might really do the same thing as what the newbies are doing right now, and that's being doubtful at the beginning.

[Inwestour]

Yeah even though people have this way, it isn't restricted to Bitcoin Investment. How many times have we heard instances where people invested in other sectors like shares of companies and sometimes after the company closes down and you lost all your investment, this I have witnessed first hand so, people still lack the will to look and research what is in front of them and will always want to play safe however once they really understand what Bitcoin is, then they will have a second thought.

There are also such cases when a some one lost money investing in stocks or real estate, then based on his negative experience, he will no longer invest, but will prefer to simply store fiat, despite the fact that inflation will eat up its value with time. Better to have something than to lose everything. Many rich people failed, but they kept moving forward.

[lixer]

The only reason why people are afraid of Bitcoin is fear caused by lack of knowledge. There is nothing to do with investment, a lot of people are afraid to try something new, because they see no reason doing it. They dont want to change and try anything new, because their current life completely suits them. My first acquaintance with Bitcoin happened when I searched for a way to earn extra money. Reason of acquaintance - I have started loosing control and confidence of my financial situation.

I think some of us don't also know the reason on why we tried btc but what we only know is that we got curious about it. While there are some who are like you that tried btc because they hear that you can make money out it. You are not contented on your poor life so you want to change it with the help of btc but what about those who are rich already?

We are aware that they are still investing in stocks, real estates and others but unfortunately only a few of them added btc on their portfolios. These people are smart but not really when it comes to bitcoin. If only they will study it, they will realize that what they think about btc is wrong.

[Eternad]

There are also such cases when a some one lost money investing in stocks or real estate, then based on his negative experience, he will no longer invest, but will prefer to simply store fiat, despite the fact that inflation will eat up its value with time. Better to have something than to lose everything. Many rich people failed, but they kept moving forward.

We should always try to learn and try to risk more, some investors and trader  in stocks or forex knows how to adjust in the market so it will be easier for them to adopt other or new skills but for newbies they should learn to start first and do action, it’s not enough that they have the idea they should make it work. In case of bitcoin many already knows it even before it pumps but many chooses to not use it since they are afraid to try and too scared that they might het scam. People who starts early can be lucky but they are more of a smart person and risk taker to think that there will be something more for bitcoin even it’s value before is less than $1 and despite of some negative news along with it. We are not required to have full 1 BTC we can start at small to lessen our anxiety whether we invest at the right time in BTC.

[bocyaj]

The drop in the price of bitcoin was the cause of the current market situation.After the dump in the price of bitcoin,the many old traders started to hold for the long.The new traders had no other option to check the other coin deep before the investment.Because people with high knowledge one can survive for now.Less knowledge traders will lose some money for now.

[JoyMarsha]

I don't blame those that don't accept bitcoin as another type of money. We, humans, are groomed to go for what we believe and trust in. People are only afraid because they don't see, touch, feel or understand how bitcoin come about. It takes a whole conviction to understand how bitcoin runs

[carlfebz2]

I don't blame those that don't accept bitcoin as another type of money. We, humans, are groomed to go for what we believe and trust in. People are only afraid because they don't see, touch, feel or understand how bitcoin come about. It takes a whole conviction to understand how bitcoin runs

For those people who do get used to into those traditional ways then it wont be surprising and since people are different when it comes to mindset which there are some who do welcome new innovation and some

who doesnt then it wont really be surprising that there would be different impressions and conclusions which people could tell against or go along with Bitcoin.Investing on something which cant be hold off is

something that some people wont prefer nor even believed but just let them be because as the time comes that they would really be getting sufficient knowledge and awareness then this is where impressions
do start to change up.

[Coin BTC]

maybe this is very influential, and I think this is one of the actions that must be considered to instill trust and confidence in people, especially for new investors, doubts from an early age have very side effects according to what I have noticed.

[uneng]

Fear isn't totally bad. Fear prevents people from entering dangerous situations where they can be harmed and can also be an useful measure to discourage criminal behavior some people might develop. In bitcoin case it's also not totally negative, because fear prevents people investing more money than they can afford to lose. Without fear people would be inconsequent and irresponsible. However, a balance is always needed, therefore we can't live between the extremes of total fear at a point we become frozen and unable to live or the other extreme of lack of fear, that is when we act without any strategies, organization and goals.