SubscribeThat is true. Bitcoin is complicated, I will not deny that. And this is one of the reasons people prefer to ignore it that study about it and invest.Originally Posted by AbdulShiek
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Thread: Why do people avoid bitcoin?
#10
That is true. Bitcoin is complicated, I will not deny that. And this is one of the reasons people prefer to ignore it that study about it and invest.
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#9
People avoid Bitcoin because they cannot watch their funds slowly fading. I am not saying that profit is impossible in the crypto world, but what I was trying to say that people want to spoon-feeding learning.
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#8
There are a lot of things to be considered first, mate.
It isn't that easy to just jump right into using Bitcoin, just because it is that easy in your point of view.
There are many reasons like:
- People think that it is mainly used by criminals. That was my first thought to be honest after I get a few peeks about the deep web and dark web.
- Volatile price. Nothing more to be explained further than this.
- Regulations
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#7
They are not willing to wait until they learn the art of crypto trading. In this kind of investment, patience is the key to success.
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#6
I believe in time to come people are going to adopt bitcoin but that will not come easy, the technology behind bitcoin is new and not clear to many people despite the fact that it very easy to use and fast. But I believe one of the problem is the trust issue some people don't just trust what ever they can not see and if anything goes wrong they like to have a third party to hold responsible for what ever go wrong.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#5
One of the reason is that not all the people have deep knowledge about bitcoin and know how it works and how to use it in their transactions, it's not that they avoid it, what they avoid is the chance to learn or take the risk to explore as some people think bitcoin as a complex form of currency and too complex to be used in a transaction.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#4
People avoid investing in Bitcoin for some reasons:
1. This trading instrument doesn't have any regulatory body.
2. It's not easy to invest due to technical terms. Not all people have depth knowledge about it.
3. It has a volatile price.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#3
Probably due to it being unknown to them, especially since any accident could occur, leading to a possible loss of their money. It's more like in their eyes, the normal transfers would be slow, yes, but at least they know it works and they know it's legit. With Bitcoin? They still have to do researches about it, and then create wallets, understand how transfers work, and they don't even know what exchanges are good or not.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#2
There are many drawbacks when it comes to online investment. Nothing is guaranteed. It is a complete gamble.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#1
Why do people avoid bitcoin?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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