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

[masudkhl]

Though bitcoin is the leading cryptocurrency yet many people dare to buy and hold it because of the volatility of price. As the crypto market is the most unpredictable in nature, it is likely to get in fear of losing huge chunk of money here trading in bitcoin.

Another reason is the price itself as the bitcoin price is so high for many people to have an entry barrier of initiating investments in Bitcoin.

Lack of interest and lack of information is other reasons not to buy bitcoins.

another reason is the unaware of technical know how of using crypto wallets as holding bitcoins require some knowledge about wallet transaction  which many people dont have any idea of using it.

[L E G E N D A R Y]

Yes, they're not capable of buying and that's why even if they understand it, they're not buying because they just can't. Those who can afford to buy and are not buying have a serious problem. Because they have the means and not doing anything at all, that's their problem per se and they will recognize the power of investing and buying bitcoin when it's already high. But this time, it's not that high for them so they don't recognize it yet. And when it pumps so much in the power, that's when they think that they've made a mistake ignoring it.

The thing there is that, some people only truly understands bitcoin on paper, and they’ve only heard of investors who are using bitcoin investment to generate real time wealth, but they actually haven’t seen anyone around them doing it and that makes them wonder or question if it’s actually for real. The truth is that, it really takes more than just knowing or understanding bitcoin to get started with accumulation, it also takes courage and true conviction too, and if you don’t have those, you’ll always be scared to get started.

[Agbe]

It is not everyone can raise a capital to start up the investment of bitcoin. From my own experience, many people want to start the investment of bitcoin but the amount they plan to start with is not encouraging. Some want to invest with $5 and below. If someone is investing $5 monthly, when will the person hit a reasonable amount. You can start with a good amount of $100 and above then you can top it with the $5 monthly and the discretionary spending.

[Fivestar4everMVP]

It is not everyone can raise a capital to start up the investment of bitcoin. From my own experience, many people want to start the investment of bitcoin but the amount they plan to start with is not encouraging. Some want to invest with $5 and below. If someone is investing $5 monthly, when will the person hit a reasonable amount. You can start with a good amount of $100 and above then you can top it with the $5 monthly and the discretionary spending.

A friend of mine has been very eager to invest in bitcoin since last year but unfortunately for him, he simply doesn't earn enough. Being a family man with 3 children, he's monthly pay doesn't even buy good food and welfare for them let alone, him being able to save out some money to invest in bitcoin..

So you are right, many does know and want to invest in bitcoin but unfortunately for them, they don't have the financial capability of capacity to achieve this successfully, and we cant blame them really since in most countries today, the economy isn't even helping citizens at all.

But on the other hand, I will still say that who ever have the ability to invest $5 every month, let him do it so long as he has a stable paying job or business that would allow him leave that investment there for a very long time for like up to 10 years or more, if someone can consistently invest $5 in bitcoin every month for 6 - 7 years, thats money, couple with the fact that the price of bitcoin may rise and the person will make profit from what he has previously invested.

[Rockson1]

It is not everyone can raise a capital to start up the investment of bitcoin. From my own experience, many people want to start the investment of bitcoin but the amount they plan to start with is not encouraging. Some want to invest with $5 and below. If someone is investing $5 monthly, when will the person hit a reasonable amount. You can start with a good amount of $100 and above then you can top it with the $5 monthly and the discretionary spending.

Even though I will agree to this that some persons finds it difficult to raise capital as you said, we should also know that even if some persons understands Bitcoin, level of understanding differs, capital might be there but individuals can be skeptical about Bitcoin and I think must times that where the problem comes from.
Having a low income or amount should not be a problem for anyone to invest in Bitcoin as we know what we are adviced to invest with is our discretionary income, so if $5 is anyones discreationary income, the person should start, starting with $5 does not mean that you will continue with that, your source of imcome might increase and your discretionary will increase only if you know how to figure it out very well, I don't see any amount as a discouragement as long as an investor is determined.

[BitBakerr1]

It is not everyone can raise a capital to start up the investment of bitcoin. From my own experience, many people want to start the investment of bitcoin but the amount they plan to start with is not encouraging. Some want to invest with $5 and below. If someone is investing $5 monthly, when will the person hit a reasonable amount. You can start with a good amount of $100 and above then you can top it with the $5 monthly and the discretionary spending.

You can start accumulating bitcoin with $5 however if you are someone that wants to improve and become better in your financial structure you will fine a better job or a good side hustle to boost your self and increase your discretionary income, the point is for you to start accumulating bitcoin don’t wait to have huge or bigger amount of money before you start, just start with the little one you have and as time goes on you keep increasing and growing your finance so you can increase the amount you are using to accumulate bitcoin.
It is better to start than staying and keep complaining of having small amount of money.

[barbara44]

Even though I will agree to this that some persons finds it difficult to raise capital as you said, we should also know that even if some persons understands Bitcoin, level of understanding differs, capital might be there but individuals can be skeptical about Bitcoin and I think must times that where the problem comes from.
Having a low income or amount should not be a problem for anyone to invest in Bitcoin as we know what we are adviced to invest with is our discretionary income, so if $5 is anyones discreationary income, the person should start, starting with $5 does not mean that you will continue with that, your source of imcome might increase and your discretionary will increase only if you know how to figure it out very well, I don't see any amount as a discouragement as long as an investor is determined.

This is true, there are four different types of people, and there are many people in all of those groups. We have a group that doesn't have money anyways but also do not understand bitcoin, we have a group of people who do have money and want to buy bitcoin and understand it but do not have money so they can't (I am in this group lol) we have a group of people who do have money but do not understand bitcoin and this group should buy some, and we have a group of people who do have money and also understand bitcoin and buy it.

So all those four groups have plenty of people in them and it is not really a shocker that we are seeing this as a good way to move forward, because if you d o have money and do not understand bitcoin, then you should work on it and study it and learn it because you can make more money with your money if you invest smart into bitcoin.