A study reveals the reasons why some skeptics did not enter the cryptocurrency market!
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Answer A study reveals the reasons why some skeptics did not enter the cryptocurrency market!
conducted platform”Coupon“A study with a sample of more than 1,000 individuals, and this sample has not entered the crypto market yet or may not intend to do so until the future.
Therefore, the research was conducted on what prevents them from entering the cryptocurrency market.
42% responded that they do not understand the value of digital assets, while 35% admitted that they stay away from it because it looks like a scam.
Frequency reasons:
Cryptocurrencies, especially Bitcoin, have rapidly increased in popularity over the past few years.
First, Bitcoin became legal tender in El Salvador and later the Central African Republic.
Read:Cryptocurrency exchanges witness a significant increase in the number of new registrations
Its advantages, such as decentralization, transparency and accessibility, are often promoted by many experts.
But for now, it can be said that the majority of the world’s population is still not convinced of the digital asset class.
According to CouponFollow, interest in cryptocurrencies rises exponentially when Bitcoin or some other altcoin hits record highs.
Conversely, people lose their enthusiasm for it when the dollar’s valuation heads south, as it has in the past few months.
42% also indicated that they do not understand the value of digital assets, while 39% expressed concern about their volatile nature.
Often described by critics of cryptocurrency as a scam, the results of the study show that 35% of survey respondents agree with this assumption, while 31% said they did not diversify their investment portfolios due to “security concerns.”
Interestingly, about 1 in 5 people have installed a cryptocurrency exchange mobile app but end up not buying any cryptocurrency.
This is due to insufficient knowledge of how to buy, concern about price fluctuations, and safety concerns.
Read:Three indicators suggest that the crypto market will witness a similar boom in 2017
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