The Most Common Reason More People Aren’t Buying Crypto

Blog Summary

In "Why People Aren't Buying Crypto," published on April 14, 2021, Ziad K. Abdelnour explores the hesitations and barriers preventing wider adoption of cryptocurrencies. He identifies issues such as volatility, lack of understanding, regulatory concerns, and the absence of widespread institutional acceptance as major deterrents. Abdelnour argues that for cryptocurrencies to gain mainstream acceptance, these issues need to be addressed through education, clearer regulations, and more robust market infrastructures.

Blog Content

It’s no secret, if you want to build real wealth, you have to learn how to strategically make your money work for you. Which is why you hear so many wealthy people speak on the importance of investing. However, with investing comes risk and a lot of people are too afraid to step out of their little box and play with the real sharks. So, when an opportunity like crypto currency comes around, you can imagine just how many people are hesitant to invest. They sit around waiting to see the results and envy those that took the initiative to capitalize on the opportunity.

The vast majority aren’t buying into crypto for the same reason more people don’t buy stocks, or put money into an IRA. They’ve been brainwashed into thinking that the best way to grow their funds is to slave at a job and put their money into a savings account. Little do they realize, that’s a much bigger gamble than any form of investment. The slightly smaller majority isn’t buying into crypto because the vox populi hasn’t given it’s seal of approval, In other words, crypto isn’t “cool” yet.

There are many other reasons more people aren’t buying crypto currencies and to be honest, they’re all quite stupid. For instance, some simply don’t understand what crypto currency is. My advice, do your research and educate yourself. Others fall victim to fear, but how can you expect to achieve big results if you’re always playing it safe? A lot of people think that they’re too late to join the party. But trust me, this is only the beginning. And they don’t even get me started in mainstream media manipulation. Learn to separate fact from fiction and make decisions based on your own findings.

While all these reasons contribute to why people shy away from the opportunity to gain real wealth, there’s one reason that makes even experienced investors miss out.

Thinking that crypto is a bubble.

Here’s the reality of things, everything is a bubble, it’s just cyclical. That goes for investing in stocks. That goes for starting a business. That goes for real estate. It can even apply to employment. Literally, EVERYTHING. So, why would you let that stop you?

What happens when the housing market crashes? It creeps back up, and then crashes again and so on. People always try to make a comparison between crypto currency and the Dot Com bubble. But look at the facts, most websites haven’t gone anywhere since that bubble burst. In fact, websites and virtual presence are now essential to building your business. This will almost surely be the case for crypto. Cash is losing value faster than ever and will eventually be replaced. Now is the time to jump in and place your bet.

If Crypto currencies were a company, it would be like Facebook. It’s still in its early phases where only college students are using it and your parents aren’t going to have FB pages for at least another 6 years.

There’s inherent risk in everything: from crossing the street to making an investment. The people who are investing in crypto currency right now are the early adopters, the risk takers, and the true believers.

I’m not saying everyone should buy into BTC, but if you want to be a big shark, you can’t stay in the small pond forever. But I get it, not everyone wants to play big and not everyone can stand the fire. It wouldn’t surprise me if the average person goes into crypto investing during its meteoric rise and invests at the end of an uptrend- then watch it crash. They’ll pull out their money at the first sight of a huge loss and swear off crypto, while telling everyone who will listen that it’s a scam.

Crypto investing may not be for everyone, but if you’re willing to educate yourself about the market, develop a trading strategy, and stick by your plan- crypto investing will be a valuable financial tool. Especially if you’re someone who isn’t happy with the fact that the world is run by manipulating financial institutions. This is your opportunity to take back control.

So, don’t be foolish and fall into the stupidity trap set to have you live a life of mediocrity and fear. Educate yourself, strategize and go for the risk.