Why Many People Understand Bitcoin but Still Don’t Buy It.

[Ryu_Ar1]

Because learning bitcoin does not mean decide to be in bitcoin but when we have decided to invest in bitcoin then inevitably we have to understand and learn bitcoin because we have plunged into it.

Currently there are not a few people who may even be more understanding when dealing with bitcoin but they do not see this as an opportunity but instead make this a threat and this happens for some people involved in finance but instead show dislike for bitcoin.

This is proof that in the end learning bitcoin does not mean they will participate in owning bitcoin but for those of us who have decided to be on the bitcoin side, it is certain that as much as possible we will continue to learn how bitcoin works.

[MRY]

Because learning bitcoin does not mean decide to be in bitcoin but when we have decided to invest in bitcoin then inevitably we have to understand and learn bitcoin because we have plunged into it.

Currently there are not a few people who may even be more understanding when dealing with bitcoin but they do not see this as an opportunity but instead make this a threat and this happens for some people involved in finance but instead show dislike for bitcoin.

This is proof that in the end learning bitcoin does not mean they will participate in owning bitcoin but for those of us who have decided to be on the bitcoin side, it is certain that as much as possible we will continue to learn how bitcoin works.

The technical knowledge of crypto assets is usually a source of opposition among traditional parts of the industry that fear being overtaken. To the serious asset holders, it is imperative to constantly educate to be able to go through the up and downs of the market. The motivation to explore further into the realm of decentralized protocols has not been dampened by external resistance in order to protect high value holdings in the face of economic uncertainty faced in the global economy today.

[AmoreJaz]

People have their personal reasons why buying bitcoin until now is not yet happening, or let's just say it's not their priority for now as they are more focused on building a business or investment that will guarantee future profits without having to lose.

Volatility is a big barrier for those who want to invest in bitcoin, but more than that, if they don't know much what is really meant by volatility and its hidden potentials, they will definitely won't find courage to invest in bitcoin and risk a portion of their savings. But if time comes that everyone who invested in bitcoin end up profitable, I am confident to say that these people would never want to be left behind.

Volatility is the reason why many people come here and it is up to them how they will handle such aspect of btc. Because if you don't know what you are doing, you will really be eaten by the hype surrounding this market.

[macson]

If they have knowledge and understanding of Bitcoin, then they should have no hesitation in holding it. Only those who know nothing about Bitcoin are skeptical and lack the confidence to accumulate it.

Anyone who has knowledge about Bitcoin will continue to accumulate it regardless of what others say, because they are not fixated on that, but rather on their own conviction that Bitcoin is a potential asset and a perfect investment.

[mirakal]

In my own point of view, those people who never have the courage to finally invest in bitcoin do not really have complete understanding with bitcoin. Otherwise, they won't be bothered by its volatility nature because its never a threat but an asset instead.

And they won't be scared to lose because aside that its part of any investment, losing with bitcoin is impossible if you just focus on buying and hodling for long term, and not entertain panic buying and selling because they will give way for us to lose and suffer financial regrets.

[ThemePen]

Retail surveys and behavioral economics have found mismatch between number of people who are aware of digital assets and number of people with a wallet. I think psychological barrier for cryptocurrency is really in his or her personal hands like nobody else its truly psychological because self custody means everything money related is in the hands of individual who is trading or purchasing. Moreover, media flood about market crashes leaves one in constant state of worry and always left out as spectator. User to user principles will not find equal excitement in common users until user interfaces are 100% error proof, equal to ordinary banking application.

[JeffBrad12]

Some are just understanding it for the knowledge aspect, to increase their understanding and being educated, I see nothing wrong with that.
Not everyone are cut for investment, there are people who get anxiety attack every time bitcoin's price move 0.5%, and some simply don't have financial discipline.
Like how some people shill for random stock non stop and owning none.

[Outhue]

They don't have to buy, it's not every human on the face of earth needs Bitcoin, I am into Bitcoin because I crave for one solution it provides, I had issue with my bank and it was the same time that I know about Bitcoin, it came to the rescue, if I don't have problem with banks maybe I will ask why should I have Bitcoin.

Many people do understand Bitcoin in and out but they just don't see any reason to buy Bitcoin, they don't need it and that's fine, some people don't even find bitcoin very useful but they bought Bitcoin because they can make money holding it.

[uchegod-21]

6. Lack of Financial Flexibility:

Not everyone has discretionary income or spare money available for investment.
Someone may have the knowledge and understanding about bitcoin investment but because they don’t have discretionary income or spare money to invest they just forget about it.
Family responsibilities and the economy of a country are usually the cause of this.

Having the knowledge and understanding about bitcoin and having the ability to invest in it are two different things.

This is one of the most understandable reasons anyone can give for not investing in Bitcoin, even when they understand what Bitcoin is. There is no reason to persuade anyone who has clearly stated that they do not have discretionary income to invest with to go ahead and invest in Bitcoin. The implication is that they may not have the patience for a long-term journey if they invest with money they depend on to pay their immediate bills. These kind of people are smart, experienced investors who persuade these people to invest any way are the ones who are not smart.

Such people should not make Bitcoin their top priority for now. They should focus on increasing their income so they can invest in Bitcoin conveniently. Bitcoin is already risky, so it requires both a good understanding and a long-term plan to be profitable.

[ImGenius]

Not everyone is similar, some people have fund also know bitcoin and it's usefulness still they don't invest because they don't want to invest in anything. Specially those who have high stable earning job. Because they have a stable income they save whatever remains after expenses in the bank. As a result they feel they don't need to take any further risks by investing in anything. Well some people have everything they don't even think to invest.

[noorman0]

There's one reason that's often overlooked: they're conservative or look for instruments that better understand how they work. I remember one of the richest people in my country saying he preferred the stock market or those that offer stable growth.

People's understanding of Bitcoin can't be generalized; their understanding varies. I understand how Bitcoin works, but I've never bought even a single cent of it—I don't mean buying it the traditional way.