Quote from: milewilda on October 01, 2023, 07:40:07 PM

Quote from: kentrolla on October 01, 2023, 07:02:27 PM

Here are some of the challenges restricting users from buying and hodling bitcoin:

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade.

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.

4. Afraid on being scammed, whenever they do see something new and havent done their proper research then they would really be commonly having this first impression but later on on which they would really be able
to realize that they were wrong on the time that they do make their research.

5. No idea, no knowledge, not being aware, no clue about investment matters.

6. They arent that emotionally and psychologically prepared or cant really be able to take up that risks.

For whatever reasons lacking then it would really be just that normal that people would really be having those kind of hesitance specially on things that they are just newly been that able to meet up or
something that it is really that new into their eyes. So impressions would really be common specially to those who do have that zero knowledge.

Once someone doesn't like bitcoin, they have 1001 reasons not to invest in bitcoin, not just the 6 reasons you two gave. People are like that, if they don't like it there is always a reason to refuse, and no one can change that. For those who truly love bitcoin, anyone who speaks ill of bitcoin will never change their mind. Therefore, we should not care too much about what other people think or do, but should only focus on ourselves. Always be steadfast with your choices and decisions, because only we know what we need.