Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on October 28, 2018, 08:40:02 PM
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I was wondering why people are not really buying into crypto world of technology,
Why what happene
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A lot of people faced the problem of cryptocurrency volatility, especially after the December take-off, at this moment a lot of people bought Bitcoin and after falling many had to fix the loss, but after all this the market has not shown signs of growth, so many people think that Bitcoin will soon disappear the rest are waiting for a new wave of growth!
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There are so many negative press about cryptocurrency in the past and the market still not recovering from the market crash early this year is probably not very encouraging for many who have heard about crypto.
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I was wondering why people are not really buying into crypto world of technology,
Why what happene
Many people have really not buy into crypto because of either there is less or no much emphasis on about cryptocurrency, while some are scared because of some many scams they have face online, and others because too much bad rumors about cryptocurrency.
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Many people are afraid of losing their fund into Crypto, they can't be patience when the market drops red, they are always in panic which might be a threaten to their life
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You should try to consider the current condition of the market. It has been many months since the crash and we have not seen some significant recovery and that does not look worth investing especially for the noobs. We have to understand that most are not that technical and only see crypto for trading. It is a long shot but all we can do is to help educate the "masses" about the many benefits of crypto and blockchain.
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There are only 2 main purposes which I think most people do with cryptocurrencies which are investment and speculation, because of the high risk, people really don't want to buy cryptocurrencies at this time.
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One way is to buy a store of digital currencies. Hold onto them in the same way that you'd hold onto a government bond. When you need the money, sell them and hope that between the purchase and the sale the price has risen--and has risen higher than an alternative asset might have done.
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I think a lot of people are just used to getting money stolen from them the inflation of their "stable" central bank issued currency. They fail to realize that sometimes currencies and governments collapse and that peer to peer money is actually a good failsafe to that. I think other people are genuinely interested but they need someone to take the time to explain the ins and outs of the crypto space to them.
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For example, in my country, many people have the idea that crypto is the new mmm pyramid. We had this in the 90-ies of the last century.
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It takes time for some people to buy into new technologies sometime and these is alloud because we all are different but i believe with time, alt cins will be accepted by almost all if not all
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So far what I know is that people who are not in Crypto are because they are still not sure and do not believe in Crypto. I think they need a detailed explanation and motivation to want to enter the Crypto world and start working on it. Even though after they knew, I was sure, they would regret having doubted Crypto.
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People who isn't in crypto are those who don't believe in crypto i heard some of people says that crypto is a scam or bitcoin people believe sometimes the fake news especially when it broadcast on television that there are people who scam through cryptocurrency that's why they don't want to get involved in crypto.
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people who believed that crypto is scam. They think that crypto is like pyramiding. Also theres a lot of crime that cryptocurrency is always being mention, here at my country there was a scam and they get 1M large amount of money yeah
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there are many people who can accept the crypto well and some don't. if we can use it well then we will get the benefit, but if not, we will only get the big losses.
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Because some people do not know what it is, and other people simply do not believe in it (they think it is a pyramid). To take a crypto, you need a lot of time. Therefore, we must wait, that people began to believe and trust her!!!
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Some people just hesitate to see how far is the crypto world going, while some haven't been given birth yet into the crypto world. They need to be educated
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There are many lander's from many people about Crypto currency that is full of scam due to that many people were discourage and believing that is full of scam especially those whom scammers were successful in cheating them.