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

[Cookdata]

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.

I don't think some peoples primary purpose of holding Bitcoin is because they understand Bitcoin, they liked it and because of that invested in it. I'm not sure, it's not because they understand it but because they loves the value attached to Bitcoin. If they bought Bitcoin because if they understand it, I don't think what's even happening now will be going on, majority are dumping their Bitcoin because of what institutional investors are doing with Bitcoin.

If you remove the profit and the volatility, there hundred of reason to buy Bitcoin but people don't like that, they love only the financial profits they get from Bitcoin and that's why they have been here for defaced. As the market is looking reddish, some people have short positions opened with printed profits until the price reach the support they want, this has been the culture of investors and not technology of Bitcoin if we are been honest.

[KiaKia]

Believe it or not, some people are in no position to take any risks, they are so cool with working and getting paid, anything that has to do with investing they won't do it, they are in fear of losing money..

I have a uncle who is just like this, he hate using his money to try something that is base on trying and seeing what will happen in future, when I told him about Bitcoin he replied by saying it can die in the future.

His favourite advice is while trying to make more money you can end up losing everything, sometimes all it takes is contentment, satisfied with what you are making and not looking into something else, I kept wondering what his past experience is all about before he could have this mindset.

[Samlucky O]

You have made a good point here mate, and in addition to this I think that procrastination, lack of capital to invest and fear of losing money to online investment is the reason why many people don't invest. I have heard many people claim that investing in Bitcoin is like putting your money in a tin air where it can evaporate at any given time and there is no one to hold responsible for your loses that's why many people don't invest. The rest has been mentioned by you already.

[impulse709]

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.

I don't think some peoples primary purpose of holding Bitcoin is because they understand Bitcoin, they liked it and because of that invested in it. I'm not sure, it's not because they understand it but because they loves the value attached to Bitcoin. If they bought Bitcoin because if they understand it, I don't think what's even happening now will be going on, majority are dumping their Bitcoin because of what institutional investors are doing with Bitcoin.

If you remove the profit and the volatility, there hundred of reason to buy Bitcoin but people don't like that, they love only the financial profits they get from Bitcoin and that's why they have been here for defaced. As the market is looking reddish, some people have short positions opened with printed profits until the price reach the support they want, this has been the culture of investors and not technology of Bitcoin if we are been honest.

To me, knowing about Bitcoin and purchasing Bitcoin are different. There are a lot of people who understand how Bitcoin functions and realize its significance, but this doesn't automatically make them investors. Fear of volatility, risk tolerance and financial situations are why people don't buy. I also think that there's a lot of people who want to get into it not because of the technology, but for the money. In a down market, there is a lot of panic selling and short-term trading that takes place. Bitcoin traders who have a long-term buy-and-hold strategy typically don't follow the price action market.

[YOSHIE]

One interesting thing about bitcoin adoption is that people may have the understanding and knowledge about bitcoin but that those not automatically lead them to buy or own bitcoin.

Yes, I'm sure everyone here understands how Bitcoin works, but I think each user has their own reasons for buying Bitcoin.
I once asked my friend this question, where I saw that he understood Bitcoin, but he didn't buy it, the reason was simple.
He answered that Bitcoin prices are very volatile, In short, it is too risky for long-term investment, capital remains too long, in contrast to buying shares, hourly/daily profits are clearly visible, Bitcoin profits are determined based on speculation, meaning waiting for the price to rise and selling.

Not to mention the crime of keeping money for too long, such as the risk of hacking, frequent fraud committed by exchange platforms and other reasons that create barriers to buying Bitcoin as a long-term investment.

[Hardyrobust]

You have made a good point here mate, and in addition to this I think that procrastination, lack of capital to invest and fear of losing money to online investment is the reason why many people don't invest. I have heard many people claim that investing in Bitcoin is like putting your money in a tin air where it can evaporate at any given time and there is no one to hold responsible for your loses that's why many people don't invest. The rest has been mentioned by you already.

To some people it is not lack of discretionary income or capital to invest in bitcoin but it is as a result of fear . Someone with low risk tolerance may find it difficult to invest in bitcoin. This fear may be caused by lack of knowledge, they may believe that bitcoin and other crypto currency they have heard of in the past is same. The mindset of seeing bitcoin as where to make quick profit is always part of the reason why some people may not invest in bitcoin because they don't have the patience to hold bitcoin for a long term.

[Akbarkoe]

You have made a good point here mate, and in addition to this I think that procrastination, lack of capital to invest and fear of losing money to online investment is the reason why many people don't invest. I have heard many people claim that investing in Bitcoin is like putting your money in a tin air where it can evaporate at any given time and there is no one to hold responsible for your loses that's why many people don't invest. The rest has been mentioned by you already.

To some people it is not lack of discretionary income or capital to invest in bitcoin but it is as a result of fear . Someone with low risk tolerance may find it difficult to invest in bitcoin. This fear may be caused by lack of knowledge, they may believe that bitcoin and other crypto currency they have heard of in the past is same. The mindset of seeing bitcoin as where to make quick profit is always part of the reason why some people may not invest in bitcoin because they don't have the patience to hold bitcoin for a long term.

Fear and lack of patience in investing will always be a failed investor, usually people like will dabble in trading and then fail again and no longer try even though he knows that bitcoin will increase and how bitcoin's past has really changed the eyes of the world about digital assets.
Especially when talking about the current price which is still relatively high for most people in the world so it is very natural why all this happens, but in the end bitcoin will continue to slap those who ignore it and will always regret it when bitcoin continuously prints new ATH every cycle.

[Nahl]

I think money isn't the real problem because those who really want to be a bitcoiner still have good opportunities to buy bitcoin that because DCA strategy is very useful to the people who don't have much money when investing to bitcoin so, i think this is not the main reason and in my opinion the majority factor to fear losing the money could be a main problem why some people who understand bitcoin but still not dare to invest and these people like this don't accept the situation if someday their investment value were decreases because down trend happened for bitcoin so, although they have learn the risk by holding bitcoin especially for long term they most likely don't want to put their money to bitcoin besides that the people like this always be excited if they were see bitcoin faced bull market but became an pesimistic if bitcoin situation in the bear market and they will says bitcoin doubted to bounce back

[RockBell]

To some people it is not lack of discretionary income or capital to invest in bitcoin but it is as a result of fear . Someone with low risk tolerance may find it difficult to invest in bitcoin. This fear may be caused by lack of knowledge, they may believe that bitcoin and other crypto currency they have heard of in the past is same. The mindset of seeing bitcoin as where to make quick profit is always part of the reason why some people may not invest in bitcoin because they don't have the patience to hold bitcoin for a long term.

Yeah some people actually have the money to invest but one of the problems is that they have trust issues and they always have this feeling of if I should invest in Bitcoin what will be the faith of my money and that is why even after investing it takes a lot of them to just accept everything and the best thing people like that can do is for them to start with a little amount so that they will be able to build there there confidence so that they will understand that nothing will happen to there money and this way they will want to invest more because they have understood the process already.

And even if it is the basics they should learn because that is the problem what they are always after is for them to just buy and the next thing will be that they will be expecting profit, instead of them to learn from the basics so that they will understand how the system works and how they can invest in them because everything have its own advantages especially when it comes to learning and investing it works hand in hand.

[Muba20]

You have made a good point here mate, and in addition to this I think that procrastination, lack of capital to invest and fear of losing money to online investment is the reason why many people don't invest. I have heard many people claim that investing in Bitcoin is like putting your money in a tin air where it can evaporate at any given time and there is no one to hold responsible for your loses that's why many people don't invest. The rest has been mentioned by you already.

To some people it is not lack of discretionary income or capital to invest in bitcoin but it is as a result of fear . Someone with low risk tolerance may find it difficult to invest in bitcoin. This fear may be caused by lack of knowledge, they may believe that bitcoin and other crypto currency they have heard of in the past is same. The mindset of seeing bitcoin as where to make quick profit is always part of the reason why some people may not invest in bitcoin because they don't have the patience to hold bitcoin for a long term.

In general, Bitcoin's volatility is much higher than any other asset, so it is certainly not easy to gain confidence in it. Those who have good knowledge about it and who can analyze the market well can benefit the most from Bitcoin investment. There are some people who have not done well after purchasing Bitcoin in the past due to lack of proper knowledge, and if someone gains experience from them, it will not be easy for them to hold Bitcoin or even think positively about Bitcoin. Certainly, a big obstacle to investing in Bitcoin is fear about it. If there is a lack of money, that deficiency can be filled, but when fear acts, there is no trust. Some people think that the price of Bitcoin will increase and it will give big rewards in the future, but still they cannot buy it.

[AmoreJaz]

I think money isn't the real problem because those who really want to be a bitcoiner still have good opportunities to buy bitcoin that because DCA strategy is very useful to the people who don't have much money when investing to bitcoin so, i think this is not the main reason and in my opinion the majority factor to fear losing the money could be a main problem why some people who understand bitcoin but still not dare to invest and these people like this don't accept the situation if someday their investment value were decreases because down trend happened for bitcoin so, although they have learn the risk by holding bitcoin especially for long term they most likely don't want to put their money to bitcoin besides that the people like this always be excited if they were see bitcoin faced bull market but became an pesimistic if bitcoin situation in the bear market and they will says bitcoin doubted to bounce back

Not all have the courage to take the risk in this market. Also, a lot of people still don't know how to secure their holdings even if they want to buy. There are varying reasons but the good thing here is that it is on your own accord whether you will get in or not. But need to understand the market before you throw significant amount of money. Because no one will save you from potential losses but you.

[Finestream]

That's the essence of having various investment assets available in the market. You don't have to stick with bitcoin only as you have a lot to choose from depending on your capability and skills, risk tolerance, and available initial funds. Not all people who understand bitcoin should invest in bitcoin, there are still more secured and more profitable investments aside from bitcoin.

However, if you are more tech-savvy and loves unique innovations like bitcoin, then bitcoin is best for you. You would love to see its market volatility than develop fear from it, and you would be more exciting watching bitcoin price pump and dump every time, because that's where the most life-changing profits will be more achieved when you least expect it.

[Cleanslate_]

Because they still don't trust bitcoin, they have this fear that one day it will disappear and all that have invested in it will be at a loss .

Understanding bitcoin and purchasing bitcoin are two different thing entirely, all you have stated are correct on purchasing bitcoin which is why they cannot be bold enough to invest into bitcoin, until an intending investor is able to have the strong mind towards investment that is when he can successfully and peacefully invest in bitcoin.

[m2017]

One interesting thing about bitcoin adoption is that people may have the understanding and knowledge about bitcoin but that those not automatically lead them to buy or own bitcoin.

Maybe just need money to automatically bitcoin purchase?

Over the years many people have learned and understand bitcoin and has even acknowledged its potential or value and agreed to its principle but has never taken the step of accumulating bitcoin.

Do you personally know many such people? I'm addressing all readers of this thread. I'm curious to hear stories about real people like this among your acquaintances or friends.

Personally, what's written in this paragraph seems absurd to me, because after realizing the value of bitcoin, a reasonable person will begin to take steps toward acquiring and accumulating it. And none of the reasons OP cited will stop him from doing so. If he doesn't do this, it means he doesn't see the potential in this asset.

[purple_sparkles]

One interesting thing about bitcoin adoption is that people may have the understanding and knowledge about bitcoin but that those not automatically lead them to buy or own bitcoin.

Maybe just need money to automatically bitcoin purchase?

Over the years many people have learned and understand bitcoin and has even acknowledged its potential or value and agreed to its principle but has never taken the step of accumulating bitcoin.

Do you personally know many such people? I'm addressing all readers of this thread. I'm curious to hear stories about real people like this among your acquaintances or friends.

Personally, what's written in this paragraph seems absurd to me, because after realizing the value of bitcoin, a reasonable person will begin to take steps toward acquiring and accumulating it. And none of the reasons OP cited will stop him from doing so. If he doesn't do this, it means he doesn't see the potential in this asset.

There are people who are theorists, and there are people who are practitioners. A huge number of people know how to improve their lives or condition, but they never take real steps toward making it happen.This happens because our subconscious mind comes into play, it tries to protect us from the unknown, even if that unknown could actually be better for us.To gain new experience and keep moving forward, it is necessary to take the first step toward what you want. After that, every next step becomes a consequence of the previous one, because the subconscious gradually understands that the new path being suggested is actually a good option. Many people never even begin, because it requires a real act of will, not just an understanding that it is the right choice and could lead to better changes in life. For our subconscious mind, a familiar option, even if it is not very good, often feels safer than a completely new one that could change everything. This is connected to our primitive survival instincts and acts as a form of self-protection. These instincts appeared much earlier than human reasoning and logic, and they have never disappeared. In many ways, any major change is perceived by the mind as the Death of the old way of living, while the subconscious is focused on preserving life and stability. That is why this happens so often, we may understand many things logically, but never actually move to action.