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Author Topic: What factors scare others from investing into bitcoin  (Read 7586 times)

desanti

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Re: What factors scare others from investing into bitcoin
« Reply #15 on: September 19, 2018, 08:59:50 am »
I think people are afraid of investing in bitcoin because of its volatility in value because they cannot predict whether you will get it or lose it. for me they are afraid to invest in bitcoin because they do not know a good way to make a profit so they are afraid of losing their investment. because you see unstable prices for bitcoin. prices can drop dramatically and it will surprise people if they are new. the lack of knowledge of bitcoin and cryptocurrency will also greatly affect someone who wants to invest in bitcoin.

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Re: What factors scare others from investing into bitcoin
« Reply #15 on: September 19, 2018, 08:59:50 am »


vegasus

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Re: What factors scare others from investing into bitcoin
« Reply #16 on: September 24, 2018, 09:12:10 am »
Many people are afraid to invest in Bitcoin for price reasons. Bitcoin prices are easy to change and this is very risky for investment. More than a negative issue outside of saying that bitcoin is a ponzi scheme or fraud.

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Re: What factors scare others from investing into bitcoin
« Reply #16 on: September 24, 2018, 09:12:10 am »

Duckenth

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Re: What factors scare others from investing into bitcoin
« Reply #17 on: September 24, 2018, 02:51:07 pm »
One major factor that greatly affects people is that fear of investing in Bitcoin is a legal matter. Yes, there is no legality from the government that makes many people afraid of investing in Bitcoin, and I am very sure if the Government had legalized Bitcoin, then the demand for Bitcoin would be very high.

mamun777

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Re: What factors scare others from investing into bitcoin
« Reply #18 on: October 07, 2018, 12:30:08 pm »
There are many factors actually. First, like what you already stated, bitcoin is volatile. And it's very risky, and uncommon as well. Not many people really know and dare to try investing in bitcoin. And also there are many bad news about bitcoin that may influence people's perspective. Government also sometimes show their opposition to bitcoin, like banning or claiming it illegal that make people consider again if they want to invest in bitcoin.
Also, it's anonymous and risky investment, that might worry some people about the safety.

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Re: What factors scare others from investing into bitcoin
« Reply #19 on: November 15, 2018, 05:11:47 pm »
Unfortunately, with the growing popularity of cryptocurrencies increases and the number of scammers who want to make money on it. perhaps one of the most common ways to extract personal information of users by attackers.

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Re: What factors scare others from investing into bitcoin
« Reply #20 on: November 15, 2018, 05:17:48 pm »
As we have had the proof today, mining farms are centralized and the matter that price can depends by few people, scares investors, imho.

               

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Re: What factors scare others from investing into bitcoin
« Reply #21 on: November 16, 2018, 05:29:33 pm »
 The central point being the banks and government that have full control of our money system.. They have taken note of this and have become afraid. Some locals and the power companies are not too welcome for the miners.

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Re: What factors scare others from investing into bitcoin
« Reply #22 on: November 30, 2018, 03:07:34 am »
Those who lay may know that when the price of Bitcoin is already high.
Tappi if I have experience in cryptocurrency it might be better to buy tokens or coins that are around 1000 - 2000 satoshi.

Buy 1000 satsohi, and sell at a price of 1100, then your profit is 10%.

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Re: What factors scare others from investing into bitcoin
« Reply #23 on: November 30, 2018, 10:54:48 pm »
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?
What guarantees other tokens/coins can't bring x5 or x10? Why BTC exactly? MGO, ETH, EOS, etc. By this I mean, BTC is not unique, right?

cybersoft

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Re: What factors scare others from investing into bitcoin
« Reply #24 on: May 02, 2019, 07:20:34 pm »
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?
The major factor that scares people from investing in bitcoin or cryptocurrencies in general. is they are afraid of losing their money. The cryptocurrency market volatility is too high compared to the stock market. To make money in crypto you must have to go through a lot. trust me.

Asebaby

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Re: What factors scare others from investing into bitcoin
« Reply #25 on: May 03, 2019, 08:18:42 pm »
I don,t think people are much scared as you think,all my investors prefer Bitcoin than any other cryptocurrency.

Delgboke

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Re: What factors scare others from investing into bitcoin
« Reply #26 on: May 09, 2019, 12:50:57 pm »
The major reason why are people are scared from investing into bitcoin is that they fail to make research about bitcoin they just depends on the negative information they hear from that even have enough information about bitcoin some people we say bitcoin is a fraud they just believe that's true those things contribute to their fear.
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Re: What factors scare others from investing into bitcoin
« Reply #27 on: June 13, 2019, 03:08:33 pm »
And besides acceptability, i also think that one of the reasons why people are scared to invest in bitcoin is because of security of investments.
Cryptocurrency thefts do occur from time to time, even though blockchain is supposed to be a more secure means of transmitting and storing money. There has been serious hacks on various exchanges and wallets which has hinder crypto (bitcoin) investments.
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Re: What factors scare others from investing into bitcoin
« Reply #28 on: June 16, 2019, 03:43:32 pm »
The negative point that now scares people away from investing in Bitcoin is its very large drop in price last year, when it dropped from $ 20,000 very quickly to $ 6,000 and then for a year was stagnant in prices. During this time, many have suffered heavy losses, so now investing in Bitcoin is happening very carefully. In this regard, it is unlikely this year we will see a decent price growth of the cryptocurrency market, similar to 2017.

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Re: What factors scare others from investing into bitcoin
« Reply #29 on: June 21, 2019, 08:02:53 pm »
I think the main factor people are afraid of investing in Bitcoin is because of the Legality of Bitcoin in a country, especially those who obey the rules of government, of course this will be a heavy barrier for people who want to invest in Bitcoin.
While the second factor, which is the fluctuating price of Bitcoin, can rise quickly and fall very quickly, this is also the reason why people fear investing in Bitcoin.
And people who remain investing in Bitcoin are those who have a high investment spirit.
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