Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: emma.lee1890 on November 26, 2018, 06:34:13 PM
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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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I would say the volatility of Bitcoin is the main roadblock here. When compared to gold which is quite stable in value in most countries, the rate of people purchasing Bitcoin is constantly changing as it is a digital currency that is fully protected by the blockchain. As Bitcoin matures and more users take advantage, more apps will come out, and the price of Bitcoin (https://www.no links to other forums/price/) will stabilize.
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At the moment, many people did not understand the potentials that bitcoin bears. Soon bitcoin will be on top and can beat even the currency that we use now to buy bitcoin. Another reason is the government's prohibition on bitcoin, many do not want to fight the government, so they are afraid to buy bitcoin.
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One of the main reason I think they are panicking or scared because bitcoin price continue going down right now. Some are thinking bitcoin will be dead and will continue to go down.
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The scariest thing in investing into bitcoin is buying with a certain price and after holding it, the price decreases more and more. Then the price never indicates to rise again, otherwise the price continues to fall and fall. There are many people experiencing this condition. And many of them are desperate nowadays.
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I’m more worried about the appetites of developers, the price and price, the idea of an idea, and I want to eat every day, just like yesterday. When the cue ball was 20k each, it was possible to feed one IT specialist in the states for two months, and wait, you need to drain the 4th cue ball to keep the same IT manager for two more months.
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They rather not worry about solving their problems and at end of the day pop a cold beer and watch their favourite reality show and turn off the brain. Sad but true. However it is highly understandable to have the fear of the unknown, no one knows what the crypto market be like in months to come. No one has any idea what the stock market will do either.
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I would say the volatility of Bitcoin is the main roadblock here. When compared to gold which is quite stable in value in most countries, the rate of people purchasing Bitcoin is constantly changing as it is a digital currency that is fully protected by the blockchain
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Some many in this day and age still think that Bitcoin is scam and others are of the opinion that it's Ponzi scheme.
That's the major reason they are scared of investing in bitcoin
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Maximu investors think that if they invest in this dump market, they may be affected by the dump but buying in the dump market is always possibility to earn profits. I think this is the main reason.
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Some of the factors that really scares others are the scammers, they are using this investment on their own advantage to victimize people by stealing their investment.Government acceptance also is one of the main factor, without government support is not easy or not possible to run this investment.
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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?
I think maximum participants into crypto industry who want to invest have no vast knowledge about crypto investment. So when seen BTC is going up they made invest and now when they are seeing BTC price is going to fall they are scared of BTC. But if they have positive mentality BTC market did not fall right now.
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what they fear most from bitcoin is is the result of bitcoin really real ?? because they always think bitcoin is just a hoax and a fraud
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Most of the people will not invest in bitcoin because they have fear about the volatility and manipulation of the market price. The risk is higher in cryptocurrency investment as compared to other traditional investments but the profits here in crypto is exponential if we have proper knowledge in dealing volatility.
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Many factors discourages investors from investing in Bitcoin such as the volatility nature that could make one record unimaginable losses over a short period of time.
But I can tell you that those who are scared are pessimistic, they only dwell on the weakness of Bitcoin than on it's strengths and potentials.