Why people are afraid to invest in cryptocurrency?

[Putih]

I used to be afraid of investing in crypto because I thought it was just a scam, but after I understood crypto I felt this was an opportunity to make a profit. I think, what they think is like I thought with crypto in the past.

[cora]

Cryptocurrency investment is the quickest way to make a income, but in the back of that, there a big hazard too, because the excessive volatility of the crypto market, and some thing can take place, as an instance now, almost all the coin is down and there are too many buyers large losses presently.

[iroegbulamp]

People are always afraid of change... Thats the summary.

[fallenangel1789]

Negative attitude of the governments,
conservative people do not like risks (too many people see this market as Ponzi scheme)
price is very unpredictable,
Still hard to buy (KYC, passaport, bank issues, mother's surname's first and last letters)
Criminal activities concentrated here.
and so on.

[Doctor]

Most people who are afraid to invest in cryptocurrency are not ready to learn and study new concepts especially about the crypto market and the principles that guide its investment. Such people are always carried away by the fake bad news that circulate about cryptocurrencies hence they are always with a doubtful mind about cryptocurrencies.

I think maybe They believe the negative issue about crypto currency. They dont have knowledge about crypto.

[Bitdog]

Cryptocurrency price is not stable ,suddenly happen price increase and decrease, nobody can't predict what happen next in cryptomarket,  Many governments and banks don't support to crypto.so many people don't believe cryptocurrency.

[Dream]

Most people who are afraid to invest in cryptocurrency are not ready to learn and study new concepts especially about the crypto market and the principles that guide its investment. Such people are always carried away by the fake bad news that circulate about cryptocurrencies hence they are always with a doubtful mind about cryptocurrencies.

Yes I think the people are afraid to invest in crypto currency because They donnt have knowledge about crypto currency and believe the negative issue

At least, it is the case with stock market. Compared to other avenues like gold/bonds/real estate, investing in stocks is most risky because there is a chance of losing your entire investment at a stroke and also they are afraid of scam that they are everywhere that's why they are afraid.

[anshor1]

Most people who are afraid to invest in cryptocurrency are not ready to learn and study new concepts especially about the crypto market and the principles that guide its investment. Such people are always carried away by the fake bad news that circulate about cryptocurrencies hence they are always with a doubtful mind about cryptocurrencies.

Maybe The people have lost alot of money to invest in bitcoin. So they are afraid to invest again.