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Author Topic: Why are people afraid to buy crypto?  (Read 146 times)

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Offline BlackJack

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Why are people afraid to buy crypto?
« about: October 20, 2018, 02:21:55 AM »
People who don't know crypto and only see negative news that makes people afraid to buy crypto. When viewed from technology, I believe crypto is a change in the future. Easy and fast transactions.

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Why are people afraid to buy crypto?
« about: October 20, 2018, 02:21:55 AM »

Offline cryptogeek101

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Re: Why are people afraid to buy crypto?
« Reply #1 about: October 20, 2018, 12:47:19 PM »
Most people are afraid to buy crypto because of its volatile nature, crypto market has some uptrend and downtrend, however for you to buy any crypto you need to carry out a due diligent search to ascertain the validity of the crypto project and its utility token. You should be able to read the project whitepaper and other documentation that are necessary for the success of the project. The question that should come into your mind is that, does the token has any utility value in the society,that is what benefit is it giving to humanity. Also you should be able to determine the project team if they had any previous experience or not. Again you should determine the consensus mechanism of the the token like the case of Taucoin project which is proof of transaction(POT) to ascertain its reward ecosystem. Since the blockchain technology is in early stage we need massive awareness for cryptocurrency adoption so as to remove fear from the minds of the people.

Offline Taucoin1stson

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Re: Why are people afraid to buy crypto?
« Reply #2 about: October 20, 2018, 10:33:05 PM »
Numerous persons are afraid of buying crypto or even investing in crypto because they don't have sufficient knowledge of crypto and they are not aware of the inestimable benefits crypto can bring to them.  ::)

Offline Don12

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Re: Why are people afraid to buy crypto?
« Reply #3 about: October 21, 2018, 09:05:08 PM »
Numerous number of people are afraid to buy crypto because of the situation state of the market currently the way the market is deprecating so some of the people who want buy are afraid of buying crypto to avoid been lost because of the state of the market.

Offline brightology

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Re: Why are people afraid to buy crypto?
« Reply #4 about: October 21, 2018, 09:33:24 PM »
Many people are afraid of buying crypto, is because of the current market depreciating day by day and also has been discourage many new comma of crypto investors, therefore it need to be educated more people in crypto currency investment and how it works with a road map. 

Offline Innovations2

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Re: Why are people afraid to buy crypto?
« Reply #5 about: October 23, 2018, 03:43:47 PM »
I guest investors are so panic about the present market,forgotten that cryptocurrency is a volatile market which no one can really predict about it ,it could come up at anytime but it will also be right to dispose any shit token,it could be meaning less to hold it.

Offline Kakarot01

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Re: Why are people afraid to buy crypto?
« Reply #6 about: October 23, 2018, 05:16:21 PM »
Because market is down now and no sign for bump up.  I think this is the best time to invest but most of the people are scared if the market goes down more.  I am also afraid too and sold some of my coins at low price. But now I think holding will be the best decision.

Offline kemalramdanu

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Re: Why are people afraid to buy crypto?
« Reply #7 about: November 02, 2018, 06:17:48 AM »
The main and most difficult problem faced by digital currencies is regulation.

If all countries in the world ban bitcoin, we can be sure the value will collapse and be worthless. The reality is not right?

This is because some countries have regulated and allowed the use of crypto currencies. Even Sweden is reportedly the first country to participate in issuing its own crypto currency.

I myself see some global financial companies reluctant to accept bitcoin and the like because they are afraid to disrupt the business that has been built so far.

The executive from JP Morgan has banned his employees from buying bitcoin, and that is ridiculous in my opinion. If the problem with the regulator is over, it seems that an increase in the crypto currency valuation cannot be avoided. We'll see later!

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