The fear of investment

[Tuturtinular]

~snip~

The world of investment is a gray world, not all investments will end in profit and it takes a lot of experimentation before finding the right investment instrument for us. Losses in investments are normal, anyone who is persistent and keeps trying will definitely succeed

Bitcoin investment is known as a high risk investment, in theory it seems easy, buy when it is cheap and sell when it is expensive. However, the problem is that we don't know what the lowest and highest prices are, the price of bitcoin moves very fluctuating.

Although I believe that bitcoin will have a very expensive price in the future, holding bitcoin has tough challenges, usually we will panic when the price of bitcoin falls sharply. However, investing in Bitcoin is very thrilling, and requires strong psychology to be able to keep holding Bitcoin

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1714762225

[Out of mind]

There are a lot of scams and frauds happening in the crypto space nowadays, which makes people lose interest in investing in Bitcoin. Only in this modern world most people try to get money by fraud and their platforms are considered as scams. But Bitcoin is a platform where people invest to grow their money and have financial stability in the future. But those who fall into the trap of fraudsters loss money and subsequently lose interest in investing in crypto out of fear. Basically, I think people who get scared after hearing about those scam platforms and rush to invest in Bitcoin will never be financially stable. If videos are to be made in crypto space with the hope of earning high amount of money, then it is definitely better to invest in Bitcoin and earn good money here. Of course, we should motivate people to Bitcoin who are afraid of investing and don't invest because they will be scammed, we should inform them that Bitcoin is a safe currency.

[Z390]

I know where this is going but you aren't 100% right, as the reason why some people choose to not invest in something different from what you are saying, your point is accurate but it doesn't cover all.
Some people in my home town are living a very bad life, poor and wrechetd and growing up with such people is sad, while looking different from them because you are financially ok but you can't help them enough, I tried to help them but I detect they don't want to leave that life behind, it's like their present state have imprisoned them, they feel scared not because they lack money but because of what they could become. They see financially rich people has sinners, they have this mindset that rich people are all dirty and they don't want to be like them,  if they are vigorously religious I will understand but they aren't that much religious.
There are some people who don't want to take a single risk, if what they are earning is very little, they can't cope with risking some part of the money to invest in gold, stock or other valuable assets, I called these type of people selfish people, they are selfish to their own lives, every penny that's not enough for them looks like it's GOLD in their eyes, helping this type of people is a complete waste of time. I have learned that Not everybody needs help, even when they look like they needed help.

[Ahli38]

Hello friends

In our modern society, the fear of being scammed by king pins and other fake platforms has made many people to loose interest in investing bitcoin.
This platform is to enlighten the society that there are real investment platforms and also people earn bitcoins for a living, so they should give it a try and invest so they can also earn and also when it comes to this particular fear I think the environment where one is actually staying also contributes to this fear because just the other I was actually explaining the basic essence of bitcoin to a friend and all he could even think of was that I want to basically scam him of his money of which he doesn’t even know that bitcoin is actually a currency on which people benefit wonderful opportunity like through savings.

I understand a little about what you experience when you tell a friend about Bitcoin. When I first got to know Bitcoin, I also became too enthusiastic about spreading awareness about digital assets, especially about Bitcoin. But it turned out that this was not a good enough move at that time. So in the end I prefer to focus on myself and my own family. And I'm lucky enough that my family also shares my interest in Bitcoin. They don't like trading bitcoins but at least they are smart enough to accumulate bitcoins for the long term.

So the lesson I can take from the experience I had when spreading awareness about bitcoin is that I have to focus more on myself and I have to prove that I am investing in the right things. And I want to see the look on their faces when I have been successful with my investment. Because nowadays basically people only want to follow everything that already has real evidence before their own eyes. But when in my country Bitcoin was declared legal as a commodity asset, at that moment I felt very happy and my friend who previously underestimated Bitcoin also started to ask questions again and he wanted to learn again. But this time I let him learn on his own and only gave him where to learn from.

[Dunamisx]

There are a lot of scams and frauds happening in the crypto space nowadays, which makes people lose interest in investing in Bitcoin.

There have been many online digital related scams that have happened in the oast which still causes fear in the heart of many people, if we also consider the kind of nuisance some shitcoins have also caused their investors in cryptocurrency, many who don't have the understanding will take bitcoin together with every other coins since they were all cryptocurrency, people want to try new things out but were afraid of loosing their money to scam, only those that really understand the importance of bitcoin and how it can help their financial lives take time in learning it without having the fear of missing out.

[Fara Chan]

The main reason people are getting scammed is that they always want easy money and fast, which is too good to be true, but since they are delusional and want to be a millionaire or rich in a day or months really makes them a target by those people, they have to know first that it will not take days or months to be rich, maybe there are people who get lucky, but it will not work for all of us, we need to learn and wait because that's the proper thing to do, getting rich fast will not bring success to anyone, learn and work your way, don't follow others you just meet , flaunting luxury items to brag.

People who have been deceived or easily deceived must have made quite fatal mistakes in their lives, such as often openly showing off luxury goods and their savings to people they have just met or to the public. Secondly, people who are more easily deceived are those who very easily believe in other people's words without analyzing them further so that they will be more easily victimized by people who have the intention to deceive anyone. So things like that can make anyone a victim of fraud all this time.

[Taskford]

The main reason people are getting scammed is that they always want easy money and fast, which is too good to be true, but since they are delusional and want to be a millionaire or rich in a day or months really makes them a target by those people, they have to know first that it will not take days or months to be rich, maybe there are people who get lucky, but it will not work for all of us, we need to learn and wait because that's the proper thing to do, getting rich fast will not bring success to anyone, learn and work your way, don't follow others you just meet , flaunting luxury items to brag.

People who have been deceived or easily deceived must have made quite fatal mistakes in their lives, such as often openly showing off luxury goods and their savings to people they have just met or to the public. Secondly, people who are more easily deceived are those who very easily believe in other people's words without analyzing them further so that they will be more easily victimized by people who have the intention to deceive anyone. So things like that can make anyone a victim of fraud all this time.

All of us commit mistakes in life especially if we don't know somethings especially when starting up and those people we ask for guidance is just deceiving us for projecting some nice profits if we gonna go with them then invest some amount on the platforms they pointing out. For sure this situation happens to other newbies to that's why they got scam by ponzi scheme platforms and other shady platforms around. If there will be just an honest guy will teach newbie about possible things when they are starting up for sure this incident is avoidable to happen in their side.

Lucky for newbie who learn this forum at early because they would provably know all the feedbacks they want to gather, but for those people who has totally zero knowledge of everything about crypto then they are at huge risk to lose some money on their first attempt to invest on something caught up their interest.

[Awaklara]

There are a lot of scams and frauds happening in the crypto space nowadays, which makes people lose interest in investing in Bitcoin.

There have been many online digital related scams that have happened in the oast which still causes fear in the heart of many people, if we also consider the kind of nuisance some shitcoins have also caused their investors in cryptocurrency, many who don't have the understanding will take bitcoin together with every other coins since they were all cryptocurrency, people want to try new things out but were afraid of loosing their money to scam, only those that really understand the importance of bitcoin and how it can help their financial lives take time in learning it without having the fear of missing out.

that's the human nature of people. want to look for new things even though it is clear there are things they already trust, but why are they still looking for new investments even if they don't understand the project?
They are already sure about investing in Bitcoin, but an offer or invitation from someone can make them interested in a new project that offers the promise of bigger and faster profits.

if more people are deceived by investing in the wrong assets, it will certainly lead to a poor understanding of all crypto assets. the impact may be widespread and those who feel cheated may exit this investment and rate crypto very poorly.

[Hypnosis00]

Hello friends

In our modern society, the fear of being scammed by king pins and other fake platforms has made many people to loose interest in investing bitcoin.
This platform is to enlighten the society that there are real investment platforms and also people earn bitcoins for a living, so they should give it a try and invest so they can also earn and also when it comes to this particular fear I think the environment where one is actually staying also contributes to this fear because just the other I was actually explaining the basic essence of bitcoin to a friend and all he could even think of was that I want to basically scam him of his money of which he doesn’t even know that bitcoin is actually a currency on which people benefit wonderful opportunity like through savings.

Perhaps, the idea of trying is good but should be careful where we try and the platform we use. As you have mentioned, a lot of fake platforms cause losses and interest to the people which is why we just try unless we are knowledgeable enough on what we have to do. We don't like those people who invest blindly and make an investment because someone told them about this. It is not about fear why we should not invest but the reason is we are not yet totally prepared as we can't just jump on the boat not knowing where it goes and what is the thing we have to do.

[Kasabus]

Hello friends

In our modern society, the fear of being scammed by king pins and other fake platforms has made many people to loose interest in investing bitcoin.
This platform is to enlighten the society that there are real investment platforms and also people earn bitcoins for a living, so they should give it a try and invest so they can also earn and also when it comes to this particular fear I think the environment where one is actually staying also contributes to this fear because just the other I was actually explaining the basic essence of bitcoin to a friend and all he could even think of was that I want to basically scam him of his money of which he doesn’t even know that bitcoin is actually a currency on which people benefit wonderful opportunity like through savings.

People become uncertain and think negatively because of having lack of knowledge. Falling into scam sites is probably because they don't spend time knowing the platform first but are in a rush to jump and take the huge offer. It was not the fault of Bitcoin either that many people get scammed and lose their money, instead, their biggest mistake is to trust easily.

FEAR is normal to anyone who really doesn't have any idea about Bitcoin and much more if they will listen to those negative issues. That is a psychological impact.

Fear is always present because in every investment there is certain risk. And if you are incapable to manage the risk, you will definitely develop the fear of losing. But by acquiring knowledge and getting a hint of the background of your investment like bitcoin, then you will be most likely become aware how to deal with the risk and overcome it, or lessen the risk from losing. The reason why knowledge and on hand experience are crucial. Knowledge alone will not save you from scamming, but by learning from the experience of other investors, that will help you a lot to be free from scams.

However, even a lot of us consider bitcoin as a safe haven investment, its still important to invest with caution. All investments that have risks should always be dealt and proceed with caution.

[SOKO-DEKE]

Scammers are everywhere, not only on the internet but even physically, scamming people, so I don’t think people are afraid to be scammed, which is why they are not investing in bitcoin, but I see their ignorance of new technology. The main problem with many people is that they will never do their own research but only follow what some people are saying about something, either good or bad, which is very wrong, and with the idea that these people are hardly successful in life because they don't have confidence in themselves,
 
Sometimes people think that some people want to scam them. In some way, some people introduce Bitcoin to them. Some people introduce Bitcoin as a way scammers are introducing scam platforms to people by exaggerating things that are not likely to happen, like when someone invests 100 dollars and becomes rich in a few months. For any person who has experience with any online scam before, they will easily think you want to scam them because that is what scammers always do to attract them. If we come to introduce Bitcoin to a person or people, let them know the advantages and disadvantages of it. Do not force the advantages alone, just to get attracted, and tell the person or people to do their research also. 

[molsewid]

Sometimes this fear came from fear of knowing nothing. Most of the people I heard who said that they don't want to invest in crypto or in bitcoin are those people who have been scammed by "so called" bitcoin. They don't know anything about bitcoin at all they just invest with those platform that offers high leverage because  they are aiming for huge money in return. They fear the thing that they don't know it well.

[JunaidAzizi]

Bitcointalk isn’t an investment platform. This is a bitcoin forum where crypto enthusiasts mostly bitcoiners discuss about the crypto space. It’s normal for newbies to be skeptical when someone is trying to tell them of the internet money called bitcoin, I wouldn’t blame your friend if he is cautious. It’s not everyday you meet someone who wants to help you improve your finances without something in it for them.

There must be some confusion bro, the plate forum is not only for the newbies but for all the enthusiasts of bitcoins either they are old ones are the middle ones. In 2009 when Satoshi made this platform the main aim of this plate forum was to discuss the bitcoin and blockchain system. Blockchain and Bitcoin was the most advanced form and people were facing, problems at that time but they didn't know how to deal with them so Satoshi made a platform where people from different countries discussed the issues arising in the blockchain system so that he could fix it quickly. But now it gives opportunities to many people in different sections and people earning health funds from here.

[Mpamaegbu]

In our modern society, the fear of being scammed by king pins and other fake platforms has made many people to loose interest in investing bitcoin.

As if people don't get scammed in offline businesses. As if people don't get scammed through their banks. As if people don't even lose tangible assets. Well, that's what it's. It's quite understandable when people get scared of Bitcoin the first time they get to hear of it because of its connection to the internet but it will become overboard if these people still fear and not research it. Most of these people think it's risky getting in Bitcoin out of hearsay and not of any personal experience or loss they've got. No one should live on the bandwagon effect. They should try it out for that's the way to go in learning new things.

I think the environment where one is actually staying also contributes to this fear because just the other I was actually explaining the basic essence of bitcoin to a friend and all he could even think of was that I want to basically scam him of his money of which he doesn’t even know that bitcoin is actually a currency on which people benefit wonderful opportunity like through savings.

As laughable as your experience with your friend is, that's often the mindset of many out there. Some will even go the extra mile to demand you show them proof of whatever goodies you think they stand to gain before they can try it out. I think we're at that point where Bitcoin will gain more press time as major news outlets are going to be interested in knowing what's going on with Bitcoin in a few weeks time. That has been the format whenever we experience a rally. Those who missed the past rallies maybe lucky to join this train and if they miss it, they might get another chance in 2028. Where I come from, there's this local parlance that everyone has their appointed time for breakthrough.

[mvdheuvel1983]

Hello friends

In our modern society, the fear of being scammed by king pins and other fake platforms has made many people to loose interest in investing bitcoin.

I strongly disagree with this statement.

Lack of knowledge is the reason why we fear and have phobia for many things. Just as the darkness gives way to light, so fear gives way to knowledge. I argument here is that people who are afraid of being scammed and therefore loose interest in investing in bitcoin is because they have not acquired the necessary knowledge that dissipates fear.

This knowledge comes from reading books, asking the right question, associating with the right community of people who tell you the truth. Do you know that the single reason why people get scammed is because the see bitcoin as get rich quick scheme and these scammers can easily spot people like this and feed on their desperation. With the right knowledge the scammer has no hold on them.

[Lida93]

Why is that whenever we wanna talk to people about bitcoin use case we are only particular about the earning of profit from it as store of value.
Do we talk about  bitcoin volatility to them.
Do we also talk about it to them that bitcoin can also be used as a digital transaction payment and how it's of divisibility meaning it can  be fragmented into units just like fiat money. An hedge against inflation of devaluation of their  fiat money.

We should try as much as we can to touch the various use case of bitcoin when talking to people about and not just that it's an investment means to earn profit. It's awesome when I read about topics of people sharing about the bitcoin knowledge to others but when doing so we shouldn't just dwell on the investment part.

[boyptc]

Hello friends

In our modern society, the fear of being scammed by king pins and other fake platforms has made many people to loose interest in investing bitcoin.

I strongly disagree with this statement.

Lack of knowledge is the reason why we fear and have phobia for many things. Just as the darkness gives way to light, so fear gives way to knowledge. I argument here is that people who are afraid of being scammed and therefore loose interest in investing in bitcoin is because they have not acquired the necessary knowledge that dissipates fear.

This knowledge comes from reading books, asking the right question, associating with the right community of people who tell you the truth. Do you know that the single reason why people get scammed is because the see bitcoin as get rich quick scheme and these scammers can easily spot people like this and feed on their desperation. With the right knowledge the scammer has no hold on them.

Although it had stopped people from knowing to more about Bitcoin but that doesn't mean that many have stopped to them completely. Any time someone can just go back to get invested in Bitcoin.

The interest could be there but just been delayed based on those news about fake platforms, scams and other cons that's been made in other financial matters too.

[Wakate]

The main reason people are getting scammed is that they always want easy money and fast, which is too good to be true, but since they are delusional and want to be a millionaire or rich in a day or months really makes them a target by those people, they have to know first that it will not take days or months to be rich, maybe there are people who get lucky, but it will not work for all of us, we need to learn and wait because that's the proper thing to do, getting rich fast will not bring success to anyone, learn and work your way, don't follow others you just meet , flaunting luxury items to brag.

People who have been deceived or easily deceived must have made quite fatal mistakes in their lives, such as often openly showing off luxury goods and their savings to people they have just met or to the public. Secondly, people who are more easily deceived are those who very easily believe in other people's words without analyzing them further so that they will be more easily victimized by people who have the intention to deceive anyone. So things like that can make anyone a victim of fraud all this time.

The fear investment can be jeopardizing if we have had bad experience about scam investment that might had taken our money. Investment is a good option for us to save our money for a bigger time ahead. I could remember in the past and how I lost some funds because I couldn't invested my money in a reputable firm since the offer was so inviting. It is goof if we follow straight rules when making investment because that would guide us from putting our funds in business that would give us more loses than profits. Investment should be simple and not in a form of get rich scheme.

[odunybiz]

...

Well it's no suprise to me and thats why so many people here actually advise not to force someone into bitcoin knowledge and in the case of fraud, well even the fiat currency are use for scamming not only bitcoin. The world is designed to always have certain lazy people who always tend to take advantage of people naive nature. Bitcoin is something that always speaks for itself and that's why people that will be interested will always come around no matter what time its takes them.

talking about someone's fear of investing in bitcoin, it's not easy to persuade them to invest in bitcoin, I once told about a friend of mine who broke up with me because he sold his bitcoin at a loss during the bearish market in 2020, at that time he said told me that I had deceived him by persuading him to invest his money in bitcoin, even though if he had just wanted to be patient then there would have been no loss because the number of bitcoins he had would never change, now I am sure he regrets all the impatience he did at that time, bitcoin was not designed for the short term, but for the long term.

Fear is a great tool that can easily hinder one from his/her success. This isn't only in cryptocurrency but also in every business. One must learn how to take risk. More billionaires today has for once in their lifetime risk some investment. Back to crypto, there isn't any risk getting some BTC for the future. It's just like securing one future for success.

[Promocodeudo]

It is normal for your friend to think in that direction, this the first time you are telling him such, you don't expect him to accept at once, is very unfortunate that some people don't have much information about Bitcoin, you that's opportunity to have such information should back it up with facts and evidence because I think that's what most people need to be convinced, you don't educate someone on something that you have no prove and evidence about, so I think the only that guy will believe you is to show him how you have benefited so far. No doubt there are some people that don't believe in Bitcoin no matter what you say or the evidence within their reach they ain't still see it as a transparent system.