What was your biggest fear with starting in crypto?

[Stef_C]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

[1714735072]

1714735072

[1714735072]

1714735072

[1714735072]

1714735072

[Findingnemo]

Genuinely, I hesitated to invest in bitcoin when I know about it first and it took years almost 2 to 3 years precisely to understand I missed the early train now let's get into the investment and make some money then only I introduced into bitcointalk and understand the concept of decentralisation and why it is important in this world especially the depreciating fiat money keep all the people in the trap.

And the biggest fear is what if the value of the bitcoin goes to zero after I invested, obviously I don't have any doubt now but at first I thought in the way and realised reward is great compared to risk.

[m2017]

Probably, financial illiteracy prevents friends and colleagues from investing in bitcoin. That is, people don't want to see / try alternative directions, because the traditional financial system seems familiar and reliable to them. Of course, we will agree with the first one, because nobody don’t want to go beyond the limits of comfort, while with regard to the second, many here will categorically disagree.

My barrier was not understanding the basic principles of the bitcoin and not knowing how to interact with it. That is, where and how to buy, how to make transactions and where to store. All this can be learned, you just need to try it once and see for yourself how it works.

If I had not been too lazy to find answers right away, then my acquaintance with BTC would have taken place earlier, when it was much cheaper.

[lovesmayfamilis]

When I first heard about Bitcoin, I was intimidated by its number of zeros. At the time, my boss offered to pay in Bitcoin, but I was dumbfounded by what my payment would look like. I did not believe in Bitcoin; it was just at the time when Liberty Reserve ceased to exist that there were many accusations against this digital money, and I thought that everything new that was created at that time would have exactly the same short lifespan.
I moved in very narrow circles and was too lazy to step out of my comfort zone to learn more about Bitcoin, and now, of course, I really regret it.
As for further trials and attempts to invest in Bitcoin, I have always been wrong about the price. As soon as I had free money when I could invest, the price rose, and buying a small amount, I always sold on the dip.
But I got a good experience, and this is much more important than the loss of not quite a lot of money.

[Bureau]

My biggest fear is my government going after me! The next fear of mine is everyone's fear. That is getting rekt, scammed, losing principal and volatility.

What I eventually discovered was Bitcoin being a safe option than anything. It may be volatile but in every two to three years it's does give a boost to its dollar value. Which is enough for anyone to invest in it. 

[demonica]

In my case, I was a bit hesitant at first but I was more willing to try and explore it. Just with the help of my friends who are more knowledgeable, I was able to explore and learn until I become the one that influences others. Based on my experience introducing it to others, it's normal to be reluctant and afraid since you don't know anything. But since my friends are aware that I'm earning through crypto and they trust me, they also have the urge to learn as well. Sometimes, they're the one who will come to me and would ask me to teach them. The barrier that I could think of when I was starting and when my other friends are starting is the limited amount of money to invest and the fear of losing it, cause who would want to experience losing during your first try or when you're just starting?

[Eureka_07]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

Few years back then, my fear was that I could lose all of the money if I will invest it since I only had very little knowledge about crypto. I believe that it nature to us of not investing to things we do not know about.
However, back then my first investment was to shitcoins.
I don't have any idea on how can I know of potential scam projects and sh*tcoins. To give you a brief idea, there was some times back then that I really gotten into no-utility coins and lose some of my earned money from doing certain jobs in crypto space. It was a good lesson though, so I'm fine that I had experienced that.

For our friends or anyone, I think they also are afraid of starting to invest in crypto since it is a gray area to them.

Some other factors might be related to the fund security, and the volatility risk of cryptocurrency. People think that it can be hacked. Also, as we know it, cryptocurrencies are real volatile assets. But in the case of Bitcoin, I believe that later on, it'll be less volatile.

[noorman0]

Genuinely want to know what prevents your friends/gf/ colleagues from investing?

Honestly, they are afraid of the risks.
They were briefly interested in entering when they asked me to tell them how to get some of the items I bought from crypto earnings. Until they slowly loosened up after getting the general advice in this space, I said that there was no guarantee that they would get the same thing as I did. Even if they will, it will not be instantaneous because it has taken me several years and experienced various risks to reach this point.

[DaNNy001]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

Well for me I just thought it was some kind of get rich scheme that always turns bad for its members as I never actually had a right notion to what bitcoin actually was, well you couldn't blame me though as my neighborhood was filled with so many scheme of such that left people regretting for ever trying such things and ever since I got proper education on bitcoin in this community, I have also tried to share it to my colleague but same old barrier that I was facing was edging between them and this wonderful initiative and it alway feels like a wasted effort for me.

[Onset]

I actually had more courage than I’m used to. I just knew it’d be a good idea staying away from the unknown and continuing to learn. So I made mistakes every now and then but nothing significant.

Even today, I have a lot of courage but I’m still trying to sit far away from the unknown and start discovering new things slowly. Step by step.

[Hyphen(-)]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

The only barrier is adequate knowledge.

When I first started, I was very scared not to lose everything I had because I heard that there is a very big risk in Bitcoin investment. Therefore,  I stayed to learn and get a little bit of basic knowledge about the entire cryptocurrency process before starting in order to avoid losing my money due to a lack of knowledge on how to manage my entire Bitcoin investment.

[Rigon]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

My biggest fear when I came to this bitcoin forum was that I would run into administrative problems. Because Bitcoin is still illegal in my country. Bitcoin is illegal in my country so transactions are very confidential. Then came the second fear when I started investing. After investing in the first stage, it seemed that this cryptocurrency site was doomed. It was a new situation to be afraid of everything here but now I am definitely enjoying and investing my time here. No more fear works in my mind. Even so, I'm still working somewhat undercover here. Because people can get into administrative trouble if they are hostile.

[BitDane]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

Lack of knowledge and trust is the obvious reason why people are hindered into investing to Bitcoin.  Another one is lack of money to invest.

If you are asking us about our biggest fear, on my part when I was starting with cryptocurrency, my biggest fear is to suffer losses on my investment.  Since I am new to the industry, I am yet aware about the market practice.  An indepth research will not remove that fear, after all researches never remove the risk involved in an investment.  It can help minimize but will never remove the risk in investment.

[alastantiger]

Genuinely want to know what prevents your friends/gf/ colleagues from investing?

I live in an environment where people are naturally skeptical of anything as a result of the fear of falling for a scam. So naturally, they want to see someone else succeed at an investment before they go ahead to put money in it. This is the story with Bitcoin investment. It was very difficult at first to convince anyone to invest in Bitcoin, but as soon as I bought some items purely from the profits I took from Bitcoin, boom, they became convinced and interested. So they knew that they could both make some money by investing in Bitcoin and also be sure that they are on the right side of history.

Did you have any barriers when you first started?

For me, the only barrier I had when I started investing in Bitcoin was money, aside that nothing else mattered.

[Obari]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

Well my biggest fear was getting scammed because I came to know of bitcoin  when ponzi scheme was so rampard in my local community  and it made it seems that every opportunity to make money was scam even affiliates marketing  seemed like a scam to me too.

When I started getting involved with bitcoin and cryptocurrency  in general, I also had the fear of failing and it really retarded my plans on getting involved monetarily.

I grew last the fear of failing and moved to fear of people's  opinion if things don't work the way I planned.

I wouldn't have to speak  for others but I would say that one of the reasons my family and close ones haven't invested in crypto  directly through my preaching is simply  because of over familiarity and they don't think I'm  qualified  to tell them about it hence they need to see that I'm doing very fine in the industry hence seeing is believing.

[_BlackStar]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

I didn't have any inhibitions when I started and instead I had to learn a lot quite rigorously after some time since knowing him. My interest increased, I started to find something that made me more optimistic and I'm still holding on. I know it's risky especially when it comes to trading and investing, but that will only change once you understand how the market works from cycle to cycle.

If it is about trade and investment, then the main barrier is capital. Obviously that's the average problem faced by beginners, but when you come with good capital strength, then your problem will be different.

[Mame89]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

I'm sure all of us must have initially felt fear or doubt when we first considered investing in Bitcoin. I think this is natural considering the unique and complex characteristics of the cryptocurrency market.

I myself initially had fear when I got to know bitcoin investment because bitcoin can lose money. This fear of loss made my confidence when I started investing in bitcoin even more doubtful. Apart from that, in my country, investing in bitcoin still has pros and cons in the government and also among the people. But after I learned day by day that bitcoin has grown rapidly and has lasted more than a decade, this is the reason that made me interested in investing in bitcoin and made me even more confident.

I think it is because of this Ignorance that we feel fear. The thing is that once I already know about bitcoin investing and I fully understand the concept and technology behind bitcoin, my fears and doubts about bitcoin will disappear. I proved this when I introduced bitcoin to my family, they were immediately interested in investing in bitcoin.

In essence, a lack of understanding of how Bitcoin works, its security or how to manage investments in cryptocurrency can affect confidence and fear in starting a bitcoin investment.

[passwordnow]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

Well, short of finances that is mostly the barrier that I've got when I get to know about Bitcoin. And the other people that I've talked to before, they've said the same thing "If I've got money, I'll buy Bitcoin". That's what I do hear a lot every time the price of Bitcoin goes high. They do recognize the opportunity that has been missing them but they don't do actions on it because they're short on money. The volatility of Bitcoin isn't scary at all, it's even lovely to see that there's such an asset like this that we'll enjoy even for the short run.

[cryptoaddictchie]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

Barrier none. When I first embarked with crypto and bitcoin, I am full of curiosity and that not stop me from learning it up to this day. Some of my friends are bit hesitant about that and obviously due to lack of knowledge about it. But I did introduced to them properly and some believed me. But due to experiece on bear market many have been discouraged and felt neglected about it. Though Im still incline to some of them.

[Sandra_hakeem]

Genuinely want to know what prevents your friends/gf/ colleagues from investing? Did you have any barriers when you first started?

We usually have alot of barriers when beginning  anything new .... I'm not really gonna say Bitcoin is that new to everyone but I think one-a-half of the percentage of peeps see the orientation as "new to them".
When you have alot of orientations on what you're joining, you'll be very confident to the point that there's no reason to be inquisitive about the durability of this whole cryptography. That's why you would normally them neigh-sayers proposing that - "a learned mind is a free mind" and that's true.

Sandra 🧑‍🦰