Factors that's why others are hesitant to start in crypto

[kawetsriyanto]

Ignorance is one of the major problems why people don't invest in Cryptocurrency, making people do not understand how to buy and sell in the crypto world, a good number of people lack this understanding and they claim it is insecure to invest into.

There are many reasons why ignorance becomes a serious problem. Not everywhere people are familiar with digital investment, some people even aren't familiar with the internet yet. For these people, surely they assume crypto is something too risky and they may not believe that it can gain money for them. So, we can understand if they are not involved in crypto. In addition, I think people still have a lack of understanding about crypto due to their old habits, not everyone has the ability to follow the innovation. Most of them are old people, they only believe in something that they often do in daily life. They are against something new, especially for digital matters. I saw there are many old people with this personality in my town.

[Peanutswar]

People want to earn in cryptocurrency but they don't want to risk their money they are thinking that crypto is a safe haven for money but they do know the possible risk you need to cater for to make sure those are capable to reach out.
If this is their fear better too. make sure to educate themselves first with the crypto itself so they know the possibilities to earn and to lose.
If you want to make your time more worth it in sharing give those knowledge to people who are interested only.

[Trouvaille]

Many people do not understand the basics and working principles of Bitcoin, which may lead to distrust and caution towards cryptocurrencies.
The cryptocurrency market is very volatile and prices can rise or fall significantly within a short period of time. People worry that their investments are at risk.

[Obari]

One of the major reasons I didn't get into crypto  earlier was because of the fear of being scammed and most times I try my best not to get to regret them because there is nothing I can actually do to change the last and some other  time, I also wish I can go back to time to buy bitcoin  even it was still on pre-sale but you know as they always say that you can't eat your cake and have it back.

I also have that fear in bitcoin business at the time I hear about it because I was told you can lose your investment if the price drop and so without having proper knowledge I didn't get that courage for it and many information of scam was on in internet all of that discouraged me. I didn't know much of bitcoin before joining here and this is the forum where most crypto professionals are that will help when you have investment challenges in bitcoin or altcoins. I believe that the time that has past will be regained with focus.

educate yourself and you won't be scared of this market. i guess, that's the lacking factor of most non-crypto users. they are afraid of something they don't know about. but once you start learning, you won't have that doubt anymore as you know what to do in this market to avoid potential losses.

At some points, it is natural to be scared of what you don't know especially  with regards to investing money and I wouldn't have to blame anyone because ca we especially use this ate natural.
Most times, it takes extra efforts to push to want to know more about a new stuff and I font know of your countries but when I first heard of bitcoin,  I thought it was one of those random pnzi scheme and people who are from my country will understand  that as at 2018 or there about, the international space was full  of ponzi  scheme and  at such it wasn't a safe place as at then not for fainted hearts like mine because I was battling with finance and wasn't ready to risk any form of money.

Whatever the case might be, one of the reasons why  people are still feeling reluctant  to join the cryptocurrency  train is possibly  because of some false stories about which might have driven fear into their hearts.

[tvplus006]

Ignorance is one of the major problems why people don't invest in Cryptocurrency, many people do not understand how to buy and sell in the crypto world, a good number of people lack this understanding and they claim it is insecure to invest into.

Many simply do not want to engage in cryptocurrency for the reason that they are completely satisfied with their current life. They go to work, get a decent reward for their work, which allows them to meet all the financial needs of the family. And when they have free time, they do not go online, hoping to get additional income, but go to a meeting with their friends.

[Devwuh]

The cryptocurrency market is very volatile, and this high level of volatility makes people apprehensive about investing their money because they fear that they could lose a lot of money.
Cryptocurrency is a relatively new field, and people may not understand how it works, the risks and potential benefits, making them feel unsure about investing in it.

[worle1bm]

And no doubt these scams and all the rumours are present there or sometimes people have bad experience like someone scamming of funds or even projects being rug so they start blaming the whole market for it but they themselves are victim of these things with their own mistakes and they need to realise it.This is market where you should invest with all the knowledge and understanding not on someone else's mere advice or influence.

[sunsilk]

The cryptocurrency market is very volatile, and this high level of volatility makes people apprehensive about investing their money because they fear that they could lose a lot of money.

While the volatility in investing in crypto is what we've known already and this isn't a big issue to us. Those people that are new to this will have a second thought of investing because they're not used to it.

Cryptocurrency is a relatively new field, and people may not understand how it works, the risks and potential benefits, making them feel unsure about investing in it.

This is correct.

Even if they've heard people making a lot of money from it, if they will analyze it, there must be something that these people have done in the past or sacrificed for them to earn that much.

Profits in the crypto market doesn't come out easily.

[Daniel91]

I talked to several friends about investing in crypto and almost all of them rejected the possibility.
Why?
First of all, people are busy with their daily life, responsibilities, work and other things and do not think about any investment.
Most feel that they do not have enough money for any investments or are afraid of the risk of investing and the possibility of losing everything.
Everyday use of bitcoin or any crypto is still rare and that is not a sufficient reason for someone to become interested in bitcoin.
Besides, when I start explaining to people what bitcoin, digital wallet, private key and other crypto terms are most of them just give up and don't want to listen.

[CageMabok]

The cryptocurrency market is very volatile, and this high level of volatility makes people apprehensive about investing their money because they fear that they could lose a lot of money.
Cryptocurrency is a relatively new field, and people may not understand how it works, the risks and potential benefits, making them feel unsure about investing in it.

If they are afraid of losing a lot of money through Cryptocurrency, they can use only a little money for Cryptocurrency and in my opinion Cryptocurrency is no longer a new thing to learn and understand because even if you say Cryptocurrency is a new thing, maybe it's only for you who are still take it as a novelty. Meanwhile for me personally Cryptocurrency is not a new thing because Cryptocurrency is an easy thing for everyone to learn in order to be able to understand what the risks are and how the benefits are through a wiser way of working.

[Sanitough]

You have that all OP and what is happening around, from what they have heard in the news, rumors spread and reported scam exchanges, the more it influence their mind to think of not embracing crypto into their lives but rather remain on fiat. I would say that crypto is only for risk-takers, and we know that no all people have this kind of behavior, many are preferred to play safe despite knowing that risk-takers win more. No matter how we convince these kind of mindset, it seems not effective as they believe what it right for them.

Well, even if you don't see crypto as a scam but as long as you are not a risk-taker, then you will have nothing to gain in the end. That is the reason why even if crypto is popular but only few are brave enough to take the risks and do not fear of losing. If this will not change forever, then it's hard to expect that crypto will be globally adopted no matter how popular and profitable it is.

[alastantiger]

These are the things that make people hesitant to learn and start in cryptocurrency:

• Scam - When i first told my friends about crypto they ignored me and say its a scam
• Fear - since they thought crypto is a big scam, they fear they will just waste their time, and money investing and then wipeout after
• lack of knowledge - since they don't have knowledge and they sometimes think it will be hard to learn, they loose interest in it, but in reality with lots of information over the web and with bitcointalk its really easy to learn something about crypto
• Mentoring - Although others don't need help from others some are don't have the courage to start on their own and need others to guide them although as i said, bitcointalk is the way to go, but someone should point them to this site for them to realize that
• Money - Although money is important they thought that the only way to earn in crypto is to have money to invest, but there is lots of things how to earn without money
• Resources - some have laptop mobile phones, internet but others only have to rent, that is why they have less time go online and check what is going on, but if you are like this, don't stop, even though not daily but try to go online if you have time.

The thing in my opinion that makes people hesitant to invest in cryptocurrency is the fear of being scammed. No other. So even when they meet their friends for advice on which coin to invest in, what they are saying in essence is that "please help me make the right investment decision. I am afraid of getting scammed." This is especially true for people who want to do debt financing. As read that some students invested in cryptocurrency using their credit cards. One factor that I think is not so common is the government. People who live in regions where the governments are threatening every day to regulate cryptocurrency or ban them outrightly are also hesitant to make any investment.

[Russlenat]

I want to add one more point.
Crypto Ban In The Country: Recently in my country Government has banned the Crypto so the people who don't know about crypto, when we deal or try to tell them about crypto they say this is ban so we don't do any illegal work. So we also face this problem in our country.  The social media make panic situation in the people so they don't buy or sell.

It could be somehow correlated to fear since people do not start with crypto knowing bitcoin is being banned in their country and that they are afraid to get caught by the government and put them in jail. And once it’s banned, it’s considered illegal so if you are a law abiding citizen, you would not want to enter into crypto and become the target of the government as being disrespectful to the country’s rules and policies.

[BitDane]

Aside from the given list, another reason why others are hesitant to start in crypto is due to the complexity of the technology for the user to understand.  They are confused with technical terms and technical process on creating wallet, sending and receiving transaction and securing their wallet.  Many are afraid that they might commit an error and lost their fund.  

Another thing is the uncertain future of cryptocurrency.  Since some government are on neutral stance, investors are hesitant to start because they don't know whether the government will acknowledge cryptocurrency or deny them and worst ban the use of it in the country.  Aside from the lack of government acknowledgement, investors hesitant because they don't know whether cryptocurrency is here to stay.

[Distinctin]

Ignorance is one of the major problems why people don't invest in Cryptocurrency, many people do not understand how to buy and sell in the crypto world, a good number of people lack this understanding and they claim it is insecure to invest into.

Many simply do not want to engage in cryptocurrency for the reason that they are completely satisfied with their current life. They go to work, get a decent reward for their work, which allows them to meet all the financial needs of the family. And when they have free time, they do not go online, hoping to get additional income, but go to a meeting with their friends.

Well, it could be true but certainly for few people only. Because if you are given the chances to invest in bitcoin and you have all the means to do that, then why not take the risk? I think one thing that stops them from doing so is that they are afraid to take the risk, they are afraid to suffer losses. The reason why they chose to be contented of what they currently have, as long as they have their own stable jobs that will help them earn a living.

[Botnake]

I talked to several friends about investing in crypto and almost all of them rejected the possibility.
Why?
First of all, people are busy with their daily life, responsibilities, work and other things and do not think about any investment.
Most feel that they do not have enough money for any investments or are afraid of the risk of investing and the possibility of losing everything.
Everyday use of bitcoin or any crypto is still rare and that is not a sufficient reason for someone to become interested in bitcoin.
Besides, when I start explaining to people what bitcoin, digital wallet, private key and other crypto terms are most of them just give up and don't want to listen.

That’s for those who are not completely aware on the future of bitcoin. Instead of taking the edge in bitcoin and accumulate a lot while it’s affordable, most of them chose to reject the idea of bitcoin investment because they are not ready to take the risk and they are not ready to incur losses, when in fact those who do not lose at first won’t make it big in any of their investment attempt or endeavor.

[TelolettOm]

Many people do not understand the basics and working principles of Bitcoin, which may lead to distrust and caution towards cryptocurrencies.
The cryptocurrency market is very volatile and prices can rise or fall significantly within a short period of time. People worry that their investments are at risk.

Not only about less knowledge of understanding Bitcoin principles and crypto market, but people are also afraid because they hear too many FUDs. It leads people to distrust BTC or crypto as a whole. Unfortunately, many people are lazy, they don't do their own research about the facts. If they do own research, they must know that many FUDs are just created to make people stay away from crypto. This indicates that there are still many people who have low awareness and curiosity about the issue analysis.

Regarding volatility, it is actually an advantage if people understand it. With the high volatility, Bitcoin and altcoin prices can rise significantly, even it skyrockets in a short time. But it is also a big risk if people choose the wrong time for entry (buying). So, to deal with this, people must have sufficient knowledge.

[decodx]

In my opinion, there are a few key factors that make some people hesitant to start in crypto. Firstly, the complex and technical nature of cryptocurrencies can be overwhelming and intimidating for newcomers. Also, where I come from, people are more used to investing in traditional financial instruments like stocks, bonds, and real estate.Cryptocurrencies are still relatively new and unfamiliar to many, which adds to the hesitation.

Regarding volatility, it is actually an advantage if people understand it. With the high volatility, Bitcoin and altcoin prices can rise significantly, even it skyrockets in a short time. But it is also a big risk if people choose the wrong time for entry (buying). So, to deal with this, people must have sufficient knowledge.

Yes. It can indeed be advantageous if people understand how it works. But I think volatility can be more favorable for traders who actively engage in short-term buying and selling. On the other hand, long-term investors who don't actively trade might find the high volatility of cryptocurrencies to be challenging.

[Viscore]

Ignorance is one of the major problems why people don't invest in Cryptocurrency, making people do not understand how to buy and sell in the crypto world, a good number of people lack this understanding and they claim it is insecure to invest into.

There are many reasons why ignorance becomes a serious problem. Not everywhere people are familiar with digital investment, some people even aren't familiar with the internet yet. For these people, surely they assume crypto is something too risky and they may not believe that it can gain money for them. So, we can understand if they are not involved in crypto. In addition, I think people still have a lack of understanding about crypto due to their old habits, not everyone has the ability to follow the innovation. Most of them are old people, they only believe in something that they often do in daily life. They are against something new, especially for digital matters. I saw there are many old people with this personality in my town.

Most particularly for those living in ages, they find it hard coping up with changes and so they just settle on what they feel more comfortable to. And for me that’s never a problem as long as they are already contented living their own life. However, there’s always chances to improve and be more susceptible to success and profits if they still aim for life’s progress by making theirselves equipped with new innovations and embrace new knowledge and set of skills. Ignorance excuses no one, and so everyone is still capable to learn more and grow. And with crypto around, I know it’s certainly a good start for all of us.

[BlackHatCoiner]

And to all of that, add FUD. The fear doesn't only come from the unknown; it comes from the brainwashing of the media. Just take a look at the Bitcoin obituaries, it's hilarious. Someone who's no idea of what to do with their money, would avoid being included in all that madness.

Basically that. Fear. Money and resources are cheap excuses. Let alone "mentoring", lol.