Post
Topic
Board Bitcoin Discussion
Re: What factors scare others from investing into bitcoin?
by
Lion_ashy
on 25/07/2018, 12:34:08 UTC
Many factors cause people to fear investing in bitcon.
1. Legality issues, bitcoin is still illegal in some countries.
2. Prone abused (hacking).
3. Very extreme price fluctuations
4. Many fraud mode, in 2015 there has been a case of fraud by a citizen of the United States named Trendon Shavers. He founded the Bitcoin stock exchange firm called Bitcoin Saving. Shaver was later found guilty of having cheated Ponzi schemes worth US $ 150 million.
5. Unclear tax rules