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Author Topic: What factors scare others from investing into bitcoin  (Read 16437 times)

Offline linlink

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What factors scare others from investing into bitcoin
« on: July 15, 2018, 11:54:44 AM »
Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?

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What factors scare others from investing into bitcoin
« on: July 15, 2018, 11:54:44 AM »

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Offline sugarchrisp

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Re: What factors scare others from investing into bitcoin
« Reply #1 on: July 17, 2018, 07:57:21 AM »
I think people just flat out don't understand why something is valuable.  Bitcoin is valuable because everyone else that uses it considers it to be valuable, that's pretty much it.  The same principle works with any fiat currency, it's valuable because everyone agrees that it is and nothing more.  We used to back currency with gold and other commodities but the US doesn't do that anymore. 
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Offline Black ID

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Re: What factors scare others from investing into bitcoin
« Reply #2 on: July 18, 2018, 07:00:41 AM »
In my opinion, first is about the negative issues in the world about the Bitcoin. Then, the volatile price of the Bitcoin itself. Many people lose their money because of the Bitcoin. So, just be careful and wise when to invest in bitcoin and other altcoins.
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Offline idranus

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Re: What factors scare others from investing into bitcoin
« Reply #3 on: July 23, 2018, 09:44:04 AM »
maybe the price is so expensive and there is also a thought that bitcoin is a gambling game thought was caused due to lack of knowledge about digital currency
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Offline UNIVERSE

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Re: What factors scare others from investing into bitcoin
« Reply #4 on: July 24, 2018, 06:33:57 AM »
Many people are scared losing money if they invest in the Bitcoin and other altcoins. It is also caused by the scare of the negative issues. many people also still don't know exactly the bitcoin and crypto; therefore, they only think about the effects or profits at glance.

Offline salander007

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Re: What factors scare others from investing into bitcoin
« Reply #5 on: August 03, 2018, 02:48:39 PM »
People believe that bitcoin is a bubble. But if you look at it, there is a serious blockchain technology behind it. And if you do not know, you can consider it an unreliable investment.
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Offline Eben

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Re: What factors scare others from investing into bitcoin
« Reply #6 on: August 03, 2018, 07:01:43 PM »
I think people are scared from investing into bitcoin because of the volatility in it’s value. You can’t really predict whether you will gain or loose. Also the negative news about it of some countries banning it.

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Re: What factors scare others from investing into bitcoin
« Reply #6 on: August 03, 2018, 07:01:43 PM »


Offline Knaw

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Re: What factors scare others from investing into bitcoin
« Reply #7 on: August 11, 2018, 01:22:09 PM »
for us people are afraid of investing in bitcoin in our opinion they don't know a good way to profit in bitcoin, so they will be afraid of losing their investment, so I think they will be afraid to do it.
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Offline Confero

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Re: What factors scare others from investing into bitcoin
« Reply #8 on: August 12, 2018, 06:35:16 AM »
Many factors influence someone who is still afraid of investing in Bitcoin. maybe it's because the economy of the person is not enough, or the price of Bitcoin is very unstable, prices that can go down very dramatically will make people surprised if they are still new in Cryptocurrency. the lack of knowledge about Bitcoin and Cryptocurrency is also very influential on someone who wants to invest in Bitcoin.

Offline riyasoudia

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Re: What factors scare others from investing into bitcoin
« Reply #9 on: August 12, 2018, 02:36:24 PM »
How to invest in bitcoin?

Offline oo7

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Re: What factors scare others from investing into bitcoin
« Reply #10 on: August 22, 2018, 09:08:18 AM »
The methodology. Most people don't even know how?
The declination in price sometimes scare people who don't understand blockchain very well.
If the price is too high. Not everyone can put in about $20K in any investment. but the current price around $7-10k will be ok.

It will be good to invest in btc now.

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Re: What factors scare others from investing into bitcoin
« Reply #11 on: August 22, 2018, 05:08:54 PM »
For me these are the factors that prevent investor for buying BTC.
1. connection
2. price
3. Negative news
4. Market uncertainty and volatility.
5. Decentralization.
Every one of this affects the decision of every person to invest in bitcoin or in crypto currency as a whole.
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Offline Altcoinstalks User

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Re: What factors scare others from investing into bitcoin
« Reply #12 on: August 23, 2018, 07:22:03 AM »
I think its because of its volatility and its online nature. In past, many have already been hacked but I think its also the user fault. So the third point is that it requires that the user knows how bitcoin basically works.

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Re: What factors scare others from investing into bitcoin
« Reply #13 on: August 23, 2018, 09:36:57 PM »
First is that everybody knows about fiat while Bitcoin is relatively new. Media was full of rise then fall of bitcoin last year. Makes it risky. Very few retailers accept bitcoin so it is not a mainstream currency.

Offline Unknown

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Re: What factors scare others from investing into bitcoin
« Reply #14 on: September 16, 2018, 05:26:19 PM »
One of the many factor is,
They dont trust if it is on the internet, people on our country when they hear money on internet they will always say scam. They have always the saying "to see is to believe"

 

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