Few reasons why people are hesitant to buy or HODL bitcoin/Crypto

[kentrolla]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.

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3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

This is very important. But people should understand what that dip is. Bitcoin fell to $15500 already last year and some people may not know that they are still buying the dip at $26000. Anyone that is buying bitcoin now are buying the dip. Some people may buy and the price may start to fall, they should not panic but hold.

[Ojima-ojo]

First Bitcoin shouldn't be taken as a guaranteed short term profits investment, since Bitcoin is a highly volatile asset and pricing not guarantee to continue in a particular direction, so Bitcoin should be best taken as a long term investment that is why most Bitcoin holder take Bitcoin hodling as a long term journey and to achieve a successful hodling you need to allocate a 5 year holding plans before you set out for it.


One of the most important thing to do also is to make sure to have gather enough knowledge on hiw best to hodle Bitcoin and when to open a buy position to avoid jumping on while the price of Bitcoin is high.

[SamReomo]

First Bitcoin shouldn't be taken as a guaranteed short term profits investment, since Bitcoin is a highly volatile asset and pricing not guarantee to continue in a particular direction, so Bitcoin should be best taken as a long term investment that is why most Bitcoin holder take Bitcoin hodling as a long term journey and to achieve a successful hodling you need to allocate a 5 year holding plans before you set out for it.

I believe this time it won't take 5 years to earn some good profits from Bitcoin holding. Since we all know that the next halving event will take place in 6-7 months from now and after that event the pre-bull run may start and within 1-2 years from the date of halving we can expect another all time high. So by keeping that thing in our mind we can safely say that 2 years is going to be enough time on holding for most people who want to earn some good profits from Bitcoin investment.

However, I still agree with you with that long term investment point. Those who can hold their Bitcoin investment for 1 decade or two can earn substantial profits from their investment.

[Sophokles]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

Bitcoin is unregulated and even banned in some countries. Despite that, People from that country still buy and hold Bitcoin. Bitcoin was created to provide this kind of financial freedom that the government will not be able to control. It can be risky and put you into jail but this is not impossible so bitcoin is a challenge for the government.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

A full-time freelance job can put you under more stress. An 8-hour working job ensures your financial security, enough time to relaxing your body and provides you the chance to spend time with your family. Some think freelancer get more freedom than someone who is doing a full time job. I think its the opposite because freelancing breeds fear and uncertainty. You will be slave of your fear due to the constant need to find new work.

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.

If you wanted to hold for a extended period then start buying as soon as you make the decision. However don't forget to use DCA tactics to accumulate rather than making a single trade. Consistency and patience can give you a better result when waiting for the dip can cause missed opportunities.

[_BlackStar]

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

When one is expected to consider the risks of investing in bitcoin - then points about regulation and potential trading bans should also be included. The government can easily change its regulations on bitcoin - meaning you don't have to put 100% of your investment budget into bitcoin without diversifying.

After all, no one is advising you to invest if your country's government doesn't legalize bitcoin trading or investing - but you should still consider the risks even if your government strictly regulates bitcoin. The point is to keep investing as much as you can afford to lose - that's good advice to consider.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns

If you want to be an investor – then you must have a budget that you can invest. Forums allow users to earn additional income - but you don't need to focus on earning your budget just from forums. Set aside your income each month differently if you want to invest - but you don't need to force it and just set aside as much as you can afford.

You can apply useful investment strategies as the best way to accumulate whenever you have a budget. DCA is the one I mean - but you can also buy a lump sum as long as you are sure that you are buying at the right time.

[milewilda]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.

4. Afraid on being scammed, whenever they do see something new and havent done their proper research then they would really be commonly having this first impression but later on on which they would really be able
  to realize that they were wrong on the time that they do make their research.

5. No idea, no knowledge, not being aware, no clue about investment matters.

6. They arent that emotionally and psychologically prepared or cant really be able to take up that risks.

For whatever reasons lacking then it would really be just that normal that people would really be having those kind of hesitance specially on things that they are just newly been that able to meet up or
something that it is really that new into their eyes. So impressions would really be common specially to those who do have that zero knowledge.

[8rch7]

I think restrictions from the government and regulation about bitcoin possibility will banned one day later is not an acceptable reason have hesitant for investing or holding bitcoin. Did you memorize how many time China banned bitcoin and not allowed regulation in their country but bitcoin price keep strong and raise to higher price. Bitcoin not controlling by individual only but also have community and many investors hold their bitcoin assets and not worry when making FUD by some country with their regulation banned as cryptocurrency assets or payment currency transaction. But have to change with mindset when investing in bitcoin is not faster way for earning profitable, need time and progress for bitcoin raise up day by day without instant way how influencer promotion.

[Bananington]

Feel free to share your opinion on how we can fix this.

Some of these challenges and obstacles to buying and holding on to bitcoins are challenges and obstacles that people just set up for themselves and use as excuses to why they have not yet invested in bitcoins. I am of the opinion that if someone really wants to do something, they will find a way to do it no matter the cost. People who really want to invest in bitcoins will ignore the government, plan themselves well to have extra money to invest in bitcoins, and they will also have a good strategy to buy.

[D ltr]

First Bitcoin shouldn't be taken as a guaranteed short term profits investment, since Bitcoin is a highly volatile asset and pricing not guarantee to continue in a particular direction, so Bitcoin should be best taken as a long term investment that is why most Bitcoin holder take Bitcoin hodling as a long term journey and to achieve a successful hodling you need to allocate a 5 year holding plans before you set out for it.


One of the most important thing to do also is to make sure to have gather enough knowledge on hiw best to hodle Bitcoin and when to open a buy position to avoid jumping on while the price of Bitcoin is high.

It is true that Bitcoin is used as a short-term investment, the optimal profit will not be achieved as expected, by buying the lowest BTC and saving it 3-5 years will definitely provide optimal benefits right?

If you have BTC only for the short term, it is better to store funds in the bank, not in the form of Bitcoin

[Accardo]

Feel free to share your opinion on how we can fix this.

Some of these challenges and obstacles to buying and holding on to bitcoins are challenges and obstacles that people just set up for themselves and use as excuses to why they have not yet invested in bitcoins. I am of the opinion that if someone really wants to do something, they will find a way to do it no matter the cost. People who really want to invest in bitcoins will ignore the government, plan themselves well to have extra money to invest in bitcoins, and they will also have a good strategy to buy.

This is a good answer, hodl doesn't entice them. They're other products like falling victim of "invest 1 to get 2" scam, that makes them happy. Barriers as these, can't stop a person interested in bitcoin from holding bitcoin. Low income earners have different priorities, not including bitcoin. Hodling bitcoin is not a bet, the small investor can't get higher rewards like the big investor. So, if the low income person finds out the little invested funds, won't yield enormous profits. I don't see any need, why they'll hodl bitcoin, if it won't skyrocket their earning capacity. Except hodling for fun. The big investor gets the most profit, that's why people are encouraged to invest with huge amount of funds. So, hodling bitcoin has little or no barriers, whatsoever. I'd say it's a personal decision. Different users, different reasoning and ideas. Yet it's obvious, a good percentage of ideas and thoughts of bitcoin is targeting huge opportunities. Only few participate genuinely and invest gradually. Hence, they omit these barriers. The high profit guys, seeking quick cash, worry about such barriers. After holding for months, with no positive results, they'll rush to ponzi scam. Despite not hesitating to quit bitcoin, they won't hesitate to blame it on bitcoin

[DapanasFruit]

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

In many parts of the world, this is so true. Case in point is what happened in China where the government itself years ago banned people from owning and trading Bitcoin as well as crypto in general. China has millions of people who are really interested with Bitcoin but right now many are doing it underground or doing their thing in Hong Kong which is more crypto-friendly than the mainland. The government has the power to shutdown anything and people are always afraid of losing their assets be them digital or physical.

[fuguebtc]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.

4. Afraid on being scammed, whenever they do see something new and havent done their proper research then they would really be commonly having this first impression but later on on which they would really be able
  to realize that they were wrong on the time that they do make their research.

5. No idea, no knowledge, not being aware, no clue about investment matters.

6. They arent that emotionally and psychologically prepared or cant really be able to take up that risks.

For whatever reasons lacking then it would really be just that normal that people would really be having those kind of hesitance specially on things that they are just newly been that able to meet up or
something that it is really that new into their eyes. So impressions would really be common specially to those who do have that zero knowledge.

Once someone doesn't like bitcoin, they have 1001 reasons not to invest in bitcoin, not just the 6 reasons you two gave. People are like that, if they don't like it there is always a reason to refuse, and no one can change that. For those who truly love bitcoin, anyone who speaks ill of bitcoin will never change their mind. Therefore, we should not care too much about what other people think or do, but should only focus on ourselves. Always be steadfast with your choices and decisions, because only we know what we need.

[HONDACD125]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

There are often talks about the government banning crypto currency due to which people are not able to invest in crypto currency freely. Currently all the exchanges are working in our country but they have no legal status. Due to which the government can stop these exchanges from functioning at any time. I think people should use personal wallets especially hard wallets where we can keep long term investments safely. We have to explain this to the officials sitting in the government positions, that they should give crypto currency a legal status and make the common people able to earn by themselves instead of being a burden on the government.

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Well, the crypto currency market is said to be a risky market, but Bitcoin is the only crypto currency that is considered to be the most reliable and secure. In my opinion, even if one enters Bitcoin at the wrong time, one can still face losses. Therefore, the time of buying and selling in the market should be very important and correct. Therefore, we have to make people aware that investment in Bitcoin is not harmful, Rather, investing at the wrong time is a cause of loss. The fear of such people has to be removed and they have to be made aware that investments made at the right time can give them good returns.

[jasonjm]

I think volatility is the root cause of this hesitation. People are fearful that they might end up losing their money if they invest in such a volatile asset. They are not willing to take the risk and think that they have missed the opportunity, and now it's too late to invest in the market. They neither want to come out of their comfort zone nor willing to understand the phenomenon. Government restrictions could be another reason, along with scams and Ponzi altcoins.

[adaseb]

Reason why people now are hesitant with investing in crypto is because price is not going anywhere. This is similar to what happened in 2019 when price went nowhere and people assumed Bitcoin was dead.

Only when we broke the ATH and Elon musk was buying bitcoin then we had FOMO and everybody was buying. This scenario will most likely repeat again with another catalyst. Might be the etf or might be some other reason. Perhaps more banks will fail and crypto will be bought again like in March.

[xSkylarx]

The volatility of Bitcoin and their lack of knowledge because it is a high-risk investment and they don't understand it because most of their first impression of Bitcoin was a scam because they heard on the news that Bitcoin was used for illegal things which they think are also illegal. Aside from those reasons others are just scared to take a risk with their money as that is only their money and their mindset is that they want an investment that is 100% sure that you won't lose your money whereas there are no investments like this.

[Pandji02]

Most people don't invest at all. They don't trust it at all, and they don't trust Bitcoin even more. I don't think that we should do something about that unless the person asks you to. Because otherwise it starting to look like you're dragging someone into the Ponzi scheme, even if it's not.

[Sarah Azhari]

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

This is a common problem that occurs in many countries, we don't have to be afraid of this because we are people to have anything in the world with no exception like Bitcoin. The government is very limited Bitcoin movement because they can't control it like what they did in fiat. So that case, the government is afraid if Bitcoin become a big power that will shift their hegemony to control people. Nothing to say and we can't avoid that situation than think about how to trick them also. Today many tools which can use for hide our Bitcoin transactions to avoid surveillance from the government, just use that, and you might be able to avoid surveillance.

[DabsPoorVersion]

I think volatility is the root cause of this hesitation. People are fearful that they might end up losing their money if they invest in such a volatile asset. They are not willing to take the risk and think that they have missed the opportunity, and now it's too late to invest in the market. They neither want to come out of their comfort zone nor willing to understand the phenomenon. Government restrictions could be another reason, along with scams and Ponzi altcoins.

If that's the only case, there will be no new buyers of Bitcoin and all of them will only be hesitant. But the thing is, most of them just had FOMO and immediately buy Bitcoin without any knowledge about it. Then, if there's a sudden change on its price like a sudden dump, they will think of losing their money and will be afraid to buy again.

That's the common scenario, they don't have the knowledge of when is the right time to buy in the market. People don't want to spend their time to at least learn even a little about crypto space that's why they end up losing their investment.

[Zlantann]

Feel free to share your opinion on how we can fix this.

Many reasons could be the cause of people's lack of interest in Bitcoin let me add
1. Lack of basic infrastructure: Some areas lack electricity and internet connections. And without these basic facilities, it will be practically impossible to be part of the Bitcoin industry.
2. Fall of some major exchanges: People are scared of losing their money and when they hear news of big exchanges going bankrupt they become skeptical about investing in the sector.  Most of them are not aware that one can engage in Bitcoin transactions without these middlemen
3. Lack of security education: Some persons feel that becoming their banks is risky because they lack the basic knowledge of securing their wallets. So they prefer to stay away from the industry.
4. Long-term investment: Many people prefer short-term investment. So when you show them the true picture of Bitcoin, they are not comfortable because they want to make profit within a short period.

[koang]

Here are some of the challenges restricting users from buying and hodling bitcoin:

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

Yep. HODLing is hard. Hard as it can be, just remember the end of the result. Freedom
If we make it through, we will not only gain potential financial rewards but also a deep understanding of the importance of persistence and a long-term perspective in investing.
I believe we're here for a reason, each of us doing our part by holding helps further the cause. 
So we have to maintain good financial planning so that we can buy and hodl Bitcoin.
Plan accordingly, and stack harder.

[davis196]

1.Restrictive and confusing crypto regulations are a major reason for many people not to buy crypto. How can we solve this problem? We can't

2.Bounty campaigns have nothing to do with buying crypto.

3.I don't agree with this. What if the Bitcoin price hits 100K USD? Nobody would want to buy BTC anymore, because it's not "buying the dip" and it's not in a bearish market. Your perception is basically the same as the perception of all the so called "Bitcoiners", who want to buy low and sell high only for the sake of getting more fiat.

You forgot about the fourth reason why the people aren't buying BTC. Buying BTC requires a bank account and ID verification in most cases.
Many people around the world don't have bank accounts and don't want to do ID verification.

[Wind_FURY]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.

There's simply insufficient education of what Bitcoin truly is, why people actually need it as a back up/fall back in case the Cabal loses control over the monetary system, WHICH is becoming more high-probability now in my opinion.

Everything in your post is from a viewpoint of profit. Understandable. But the more you learn about Bitcoin, you would also understand that it's STILL VERY EARLY. The buyers today are front-running the buyers of the next cycle, and do you know who the next buyers are? If you don't know, it's time to pay attention and save as much fiat as you can and BUY THE DIP, and HODL. I believe under the current tight monetary conditions, we might be given another Golden Opportunity to buy the DIP to $20,000.

[Crypto Library]

Some of the reasons you mentioned are actually true in some cases why people feel hesitancy to buy or hold Bitcoin for the long term. However, there may be many other reasons for not holding Bitcoin for the long term. But the hesitation in Bitcoin I think is entirely due to our lack of knowledge in this sector.
If you do a little analysis, you will see that most of the people in the world are still not aware of this crypto currency, and those who do know, are filled with various types of FUD in their minds by the governments and media that do not want to ligalize crypto currency. Also many people don't want to invest in Bitcoin for long term because they are short term traders or they know technical analysis about trading.

[Obari]

@op you did a great job with your writing and I must commend  that but I don't think the first reason is reasonable enough at least from my perspective and there are alot of people holding reasonable amount of bitcoin  even in countries where it is banned and yet still have no single fear because no one can easily ban bitcoin  because of it's decentralized  nature.

Secondly I also do agree with you on the last two points you stated and one major reason I've always believed to have held people back from hold is money to buy and not just to buy but also to buy the dip so buying the dip and having money to buy the dip, works hand in hand. I'm  basically  saying this from my own pint of view because most times, one reason I don't hold is money to buy especially  the dip.

[Xcode7]

Some of the reasons you mentioned are actually true in some cases why people feel hesitancy to buy or hold Bitcoin for the long term. However, there may be many other reasons for not holding Bitcoin for the long term. But the hesitation in Bitcoin I think is entirely due to our lack of knowledge in this sector.
If you do a little analysis, you will see that most of the people in the world are still not aware of this crypto currency, and those who do know, are filled with various types of FUD in their minds by the governments and media that do not want to ligalize crypto currency. Also many people don't want to invest in Bitcoin for long term because they are short term traders or they know technical analysis about trading.

Indeed, it's all due to lack of knowledge, but there are also those who sometimes hesitate because the level of risk is high so that some people don't want to invest in Bitcoin for the long term, I think that's quite realistic for people who are not ready for big risks.
However, for people who have known about Bitcoin for a long time, I think there is no reason for them to doubt this, especially for those who already know the history of Bitcoin prices from the past.

[hyudien]

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

Even though the government bans Bitcoin, it doesn't mean that the flow of funds can be stopped easily and even if it is tracked, it will only be dealt with by centralized exchanges. Otherwise, the government will not be able to move freely by limiting taxes on Bitcoin. Cross-border transactions will overwhelm the government and we can still easily circumvent its policies.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade.

 
You don't need to have a lot of income, that's just about ideal. Everyone can have the amount of Bitcoin they can afford to hold and not have to worry about consistency methods. Because doing it in a way that you can afford is the right decision rather than having to wait for something that never gets done at all. There are no specific rules for holding Bitcoin. Buy as much as you can and hold on as hard as you can.

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

50:50

Buy The Dip is simply a set buying limit, and sometimes it relies on investors determining their trading lines against a long-term benchmark. Holding for 3 years from 2017 to 2020 may be a bit disappointing as it was bought at the start of the bull run. However, the profits will be much greater if you can hold it up to 2x ATH.

[livingfree]

It is a misconception when we think that we need to have a lot of money for us to afford Bitcoin. That's also my thought before because when looking at its price before like when it was three digits and that's already expensive for me.

Gone through the 4 digits up to 5 digits now. And how much more when it has got close to $70k, that's truly expensive. But the thing is you don't need to have a lot of money to have it. You can purchase with every little amount that you've got like having $20 a week or two and then use that to accumulate more Bitcoin.

Yes, the quantity will be lower than everyone else and maybe you're right that you need to have tons of money and earn a lot of it if you're goaling to have at least 1 bitcoin at its current price.

[noorman0]

-snip-
1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime,

When someone wants freedom, nothing can stop him. Several articles state that crypto activity in China is still ongoing, [1], [2].

-snip-
3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years,

I disagree, how does one determine a bearish peak in the current cycle?
Buy some when you have the desire, it may sound quite stupid but remember that the goal is to HODL.

[peter0425]

But as long as that we wanted to buy even there is a restriction yet people are purchasing bitcoin and actually even other cryptos.

I believe that even countries has banning , yet many are accumulating and HODLING , because maybe they trust the system and they believe that future is a best way to look into crypto because this is for that  purpose .

[ajiz138]

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

Some countries have banned bitcoin but people can still use bitcoin in any transaction including withdrawing funds, meaning there is no strict regulation from the government and they are just trying to prevent the spread through the ban, while I believe bitcoin is still operating by some users they are still free to use bitcoin.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

If you only rely on forums to earn bitcoin it is not enough, other sources are also very important for additional income in order to add your investment to bitcoin, I think that if you can get on the forum it means that it will not be a big burden on your monthly income, I think other sources of income are needed.

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

If you are able to buy it buy dip it is good, especially at the peak of the bearish, sometimes many hesitate to buy when bearish is because of panic fear of falling again, but basically the current price is still good enough to buy, this is still a buy dip even though the price is $28K I think it is still low for them to buy.

[348Judah]

Some of the reasons i perceived people take into act by making their decision not to invest or hold bitcoin were as follows.

1. Fear of missing out, no one want to be scammed or Invest on what will make them shed tears tomorrow if it turn to be scammed

2. Lack of Knowledge and understanding of what a digital currency means, don't be surprised that some people aren't yet aware that a digital currency that can be trusted exist, the have heard about bitcoin but doesn't know it difference from other cryptocurrencies or how they can learn and develop trust in it.

3. Market volatility, people should know that bitcoin is never complete without being volatile, the price cannot be fixed, the demand and supply rate are what determines the value it comes up with and allows for more adoption, investment and hold for the perfect time to realease, so if the investors don't understand the idea why they need to hodl, they will begin to see it as a loss during the process.

[Blitzboy]

I get your point about government restrictions. Like that ex who wont let go, right? Regulatory threats are serious. They're clouding our crypto dreams. We must inform our community, give updates, and possibly push for regulatory clarity. What if we had more decentralized platforms without centralized control for withdrawals? An example pseudo-problem is "How can we ensure these decentralized platforms remain accessible to everyone, especially with net neutrality in question?"

About your point about wealth inequality and freelancing? Right on! More power to hustlers. We should all want financial freedom. We need greater education. In 2017, users may have avoided panic selling with effective education channels. Build the solid community you mentioned. Sharing our resources, information, and experiences can make this environment safer for everyone. Anyone with me?

[knowngunman]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

This is not cogent reason enough to keep people hesitant to buy and hold bitcoin or crypto per se. Although, it might be challenging to some extent but government restrictions has not completely stop people from buying and holding bitcoin. The only thing is that, you can not officially or confidently buy it but you can do so secretly through P2P and other anonymous means. However, in doing so, one must be cautious enough not to get caught because it has some consequences knowing that you are going against the government order. It's a challenge in a country where there is strict regulatory compliance.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

No! You don't need to earn a lot before you can hold. What you need is financial literacy and management. Some people earn a lot but they can not spend wisely simply because they have no clue on how to manage funds. One thing to note is that, we can promote something without having to demarket other thing. Working for government is not slavery, it's by choice. Yes, there is no fair treatment but just imagine if everyone withdraw their service to government and see our economy will crumble.

[KiaKia]

It's a big fat lie to include government restrictions as a reason why people are not buying and holding Bitcoin right now, they only don't want to get involved with Bitcoin so the government ordered their banks not to give access for customers to be able to accept Bitcoin, when it's ban it doesn't mean you can't have it.

In a centralized country, no one is allowed to receive or buy Bitcoin, but people need to wake up, Bitcoin can only be banned in a centralized country, but you forget that the rightful way of buying Bitcoin in the first place shouldn't have been through centralized companies and platforms, we people are the ones complicating things.

Bitcoin is decentralized and it should be acquired through decentralization, that's where peer-to-peer comes in role, find decentralized platforms and purchase what you want to, there is no way your government and banks can know you have access to Bitcoin.

[cheezcarls]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.

Another reason that I wanted to add is when big media and TV corporations are misleading the viewers with the “Bitcoin scam” and “crypto scam” headlines thus conditioning our minds that it is not good to invest and adopt them.

As bad actors are continuing to emerge to make Bitcoin and crypto trading as front for their ponzi schemes, this creates a bad image to our industry. It’s one of the reasons until now there are still some who are hesitant about getting into Bitcoin.

As advocates for Bitcoin and crypto, this is one roadblock that we need to overcome by spreading continuous education and right information to the uninformed and misinformed. 

[gunhell16]

Other people are hesitant because they read a lot of headline news on other social media platforms about crypto scamming, and then other governments report that cryptocurrency is not good, not even directly but the point of what is being said using the mainstream media is to make it worse. the image of Bitcoin in communities not only in their country.

others talk badly about Bitcoin. sometimes because exploiters take advantage or abuse the decentralization that cryptocurrency has so they prey on people who don't know about it.

[Honyek]

One reason people are hesitating to buy and hold bitcoin basically is to avoid lose.  Buying and holding bitcoin can be beneficial depending on how one does it. Bitcoin short-term investment can give one profit but one needs to monitor the situation very well in order to know when to invest. As for long-term investment, it depends on how long that has to be, so it is very vital that someone research about the record of bitcoin from the long past including halving to be able to know when to make an investment.

[serjent05]

Feel free to share your opinion on how we can fix this.

I think it is the trust that makes people hesitant to buy or hodl Bitcoin.  Although these people are informed about the Bitcoin economy and market, these people can't just put their trust in a decentralized network where there is no one to blame or go after when something wrong happens.  Aside from that, the lack of funds is also one of the major reasons why people can't buy and hold Bitcoin. Even if these people wanted to buy BTC and hold it, the lack of money to support the investment venture restricts them from doing so.

[kryptqnick]

The tax concern is surely relevant in many countries, but not everywhere because there are countries where taxes and tax evasion aren't considered a big deal. There are also countries that already set out their legislation regarding cryptos, so it's clear whether they are subject to taxation or not, and, if yes, how that works.
Unequal wealth distribution is a problem, but I think it's about much more than corrupt governments. It has deep historical roots related by discrimination on the basis of race, sex, and sometimes social status or other factors. Some people can't afford to hodl, but if a person has some funds to spare, it's possible to save up a bit, and do that in Bitcoin.
As for #3, having we been in the dip for a while now? The price is around 60% below the ATH, and that's low enough, in my opinion.

[Marykeller]

I think volatility is the root cause of this hesitation. People are fearful that they might end up losing their money if they invest in such a volatile asset. They are not willing to take the risk and think that they have missed the opportunity, and now it's too late to invest in the market. They neither want to come out of their comfort zone nor willing to understand the phenomenon. Government restrictions could be another reason, along with scams and Ponzi altcoins.

I wouldn't but concur with this that people's fear of investing in bitcoin is really a result of its volatility. They don't dare to continue watching as their bitcoin progressively fluctuates in a situation they have no control over or knowledge of. They don't intend to hodl their bitcoin investment for very long; instead, they want to see it appreciate in value as soon as possible. They never have long-term goals in mind; only short-term goals. 

People who are "scared of the volatility of bitcoin" have always exhibited that mentality when I have come into contact with them. There isn't much that can be done about it other than to let people invest at their own discretion.

[BALIK]

It's a big fat lie to include government restrictions as a reason why people are not buying and holding Bitcoin right now, they only don't want to get involved with Bitcoin so the government ordered their banks not to give access for customers to be able to accept Bitcoin, when it's ban it doesn't mean you can't have it.

In a centralized country, no one is allowed to receive or buy Bitcoin, but people need to wake up, Bitcoin can only be banned in a centralized country, but you forget that the rightful way of buying Bitcoin in the first place shouldn't have been through centralized companies and platforms, we people are the ones complicating things.

Bitcoin is decentralized and it should be acquired through decentralization, that's where peer-to-peer comes in role, find decentralized platforms and purchase what you want to, there is no way your government and banks can know you have access to Bitcoin.

The government can also be the reason why some people do not dare to invest in bitcoin, there are many law-abiding people who are afraid of going to jail so they never dare to do things the government prohibits. Not everyone is brave or defies the government's ban like us, don't impose your thoughts on others.

But the government reason is not the main reason why many people do not invest in bitcoin, there are many, many reasons that we cannot list them all. The reasons OP gave are just a few, what I see is that when a person doesn't believe and doesn't like something, they always have thousands of reasons to refuse. So to find out the real reason why more people don't invest in bitcoin is too broad a question.

[TheSpiral]

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

Yes this is the main cause that majority of people are not related with bitcoin investment. It does not means that bitcoin is not profit making but it means that anytime government can change laws and can cease the use bitcoin so if we have even more money in bitcoin it will be useless for us.

There is no doubt about bitcoin huge return but there is also no doubt that some government are against the bitcoin investment and trading and they will Change its whole structure once it come into their control. Select bitcoin and get the benefit from it as soon as possible because there is no guarantee about its live and it can be banned and stop for trading.

[GreatArkansas]

(...)
1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.
(...)

You really got the top 3 reasons. But I have some additional on the first once. This reason, restrictions from governments and governments are one of the best reasons because we all know the benefits of using Bitcoin especially if you will use it to send money from someone in different counties, and another thing is using Bitcoin for mode of payment or use it like money  remittance, we all know the fees and transaction time when you send money to someone from different country.

[Blitzboy]

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

Yes this is the main cause that majority of people are not related with bitcoin investment. It does not means that bitcoin is not profit making but it means that anytime government can change laws and can cease the use bitcoin so if we have even more money in bitcoin it will be useless for us.

There is no doubt about bitcoin huge return but there is also no doubt that some government are against the bitcoin investment and trading and they will Change its whole structure once it come into their control. Select bitcoin and get the benefit from it as soon as possible because there is no guarantee about its live and it can be banned and stop for trading.

You're right, pal. Governments can change their Bitcoin attitude quickly. Many have done it and may again. Your issue is genuine, but isnt it true for all investments? Bitcoin's vulnerabilities are similar to a company's stock price drop after a negative reputation.

I think users should be careful. We invest in everything, not just Bitcoin. Always monitor global news. While enjoying the profits, stay alert for legal developments. And as you rightly pointed out, if governments do decide to regulate or control it, the landscape of crypto will change entirely.

We're aboard this boat, without knowing if the storm will hit. Does that mean we stop sailing? Are we just better sailors? Your move.

[jeraldskie11]

Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

Even if the government has banned Bitcoin transfers, there are still various ways to do so, but they are inefficient, especially for individuals who are unfamiliar with Bitcoin. So, in my opinion, this is one of the reasons why people are hesitant to keep Bitcoin.

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.

There is always a good time to buy Bitcoin in order to reduce risk and maximize your chances of making money. So rather than investing Bitcoin at a random price, we should learn how to assess the market. Those who bought a high price did so because of the hype, and we must be aware of this so that it does not happen to us.

[TheSpiral]

I think users should be careful. We invest in everything, not just Bitcoin. Always monitor global news. While enjoying the profits, stay alert for legal developments. And as you rightly pointed out, if governments do decide to regulate or control it, the landscape of crypto will change entirely.

We should not come to an end with investment as it gives us freedom to settled our condition in better way but we should be acquitainted of the risk involved in the sort out business. Dependency on investment should be shun as it can make you disappointed anytime.

Always remember that as risk is the integral part of investment so we should be careful about it and whenever we have some beneficial moves then we should accept it otherwise we will fail to take the opportunity after which crying will be our predestined.

If we are saying that we are not taking this sum because we need more then surely you will be unable to take this little sum again as opportunity never exist always.