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 current problem with cryptocurrency is that its price is very unpredictable. Today the price is high the tomorrow its down. Due to this investors are scared to invest because they cannot predict how the market will behave. Even with Bitcoin having been working well you cannot still term it stable.
The talk of Ponzi scheme has existed for some time. I personally dont think Bitcoin is a Ponzi scheme and even putting it in the same sentence with the word Ponzi looks like an insult. This is because all major futures companies like CBOE and CME are ready to offer Bitcoin futures. There obvious risks of investing in Bitcoin. This is due to scammers who always want to take advantage of investors. These scammers create Ponzi schemes that promise higher returns only to run away with the investment making people think that Bitcoin is a scam.
When Bitcoin has hacked, its always news, and it spreads very fast. This news scares potential investors off. Hackers have targeting Cryptocurrencies, and currently, the field is the 8th most targeted in the world. In most cases when there is hacking its very hard to recover the stolen Coins.
https://www.google.com/amp/s/cryptona.co/amp/reasons-many-investors-still-afraid-investing-bitcoin