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.