In my opinion, there are a few key factors that make some people hesitant to start in crypto. Firstly, the complex and technical nature of cryptocurrencies can be overwhelming and intimidating for newcomers. Also, where I come from, people are more used to investing in traditional financial instruments like stocks, bonds, and real estate.Cryptocurrencies are still relatively new and unfamiliar to many, which adds to the hesitation.
Regarding volatility, it is actually an advantage if people understand it. With the high volatility, Bitcoin and altcoin prices can rise significantly, even it skyrockets in a short time. But it is also a big risk if people choose the wrong time for entry (buying). So, to deal with this, people must have sufficient knowledge.
Yes. It can indeed be advantageous if people understand how it works. But I think volatility can be more favorable for traders who actively engage in short-term buying and selling. On the other hand, long-term investors who don't actively trade might find the high volatility of cryptocurrencies to be challenging.