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RE: Ever wondered who exactly is buying Bitcoin and Cryptocurrencies?
Main reason people don't buy crypto is poor understanding. But to be fair, it's probably better to stay away from crypto if you don't do any research than to buy some scam coins pumped and dumped on regular basis. It's kind of like with stock markets, you need some knowledge or you go to an investment / pension fund to make decisions for you. People will invest more when there are managed funds available.
Yep 👍🏼 there some managed crypto funds available I think like economi and a similar another don’t remember it’s name right now. And obviously never tried them. But, certainly such management needs more exposture instead of the Fomo vs. fud that possess the majority of the new crypto joiners. We need to spread the culture of investment in crypto more than get-rich-quick one.
Greediness and lack of experience are key points
yeah, understanding is not there :/
Agree
Luckily I noticed that steemit is quite packed with people who are trying to help the others by sharing their knowledge. That's also my mission. To teach and learn at the same time.
Yeah lack of understanding