Any idea how many cryptocurrencies are currently out there? Over 1,600–and that’s just what’s listed on Coinmarketcap! With so many new cryptocurrencies on the market, it can be a little intimidating for your average investor to make his/her choice. Which ones should you buy? How do you buy them? And how in the heck do you navigate through these un-user-friendly exchanges?

But beyond the plethora of first-time questions and doubts, check out the top five cryptocurrency concerns keeping investors away.

5. Bitcoin is a Bubble

We’ve heard that a few times, right? Ask anyone invested in the crypto space (even if they’re more into Ethereum) if Bitcoin is a bubble and they’ll probably laugh in your face. But for the wider public, the fact that this whole thing could burst at any moment is a real and pressing fear.

And who can blame them? When you have top economists, influencers, and Chinese billionaires telling them that Bitcoin is a bubble, they’ll logically think twice before investing.

4. It’s Just So Volatile

We’ve all been in relationships with them. You know, those people whose moods change as fast as the weather? High volatility is never a good sign, not with people, and certainly not when it comes to money.

And if cryptocurrency is meant to be a better way of transacting around the world, how come it can’t be used effectively as an actual currency? How can you buy things that depreciate sharply or triple in value from one week to the next?

Cryptocurrency investing is not for the faint-hearted, or even really, the very sensible. It’s not surprising that most grownups are staying away from this domain

3. Cryptocurrency Is Worthless

Even if would-be investors could get their heads around the volatility and disregard the popular opinions saying it’s a ticking bomb, there’s another thing that’s really hard to get to grips with… Why would you take your hard-earned “real money” and invest it in something totally invisible?

It’s not like buying diamonds, gold, or real estate. It’s not even like investing in a company. In fact, there’s nothing behind most cryptocurrencies expect pure speculation. Not having an asset backing their worth just doesn’t sit right with plenty of would-be investors.

2. Scams

If you come across a member of the general public who’s heard about cryptocurrency, they’ve probably also heard about the bubble. And if they know about the bubble, they probably also read about the scams. Perhaps even the fact that the SEC held their own fake ICO to educate investors.

Even though they may not realize that they don’t have to invest in an ICO to get their hands on some Ether or Cardano, the “S-word” is enough to stop them in their tracks. Maybe they would invest in crypto if it wasn’t just so sketchy.

1. Account Security

Get past the bubble and conflicting opinions, sidestep your way around ICO scams, and accept that you’re basically buying air. It’s really of no comfort to hear about all the cybersecurity issues related to cryptocurrency. Getting used to online banking was hard enough. But, where should you keep your private keys once you buy your crypto?

If exchanges aren’t safe, and online wallets are continually getting phished and compromised, how are you supposed to store your funds? A hardware wallet to store something invisible that you could potentially lose or damage, well, you might as well keep your money in the bank where it belongs.

In Closing

With so many reasons not to invest, it’s kind of a miracle that there are any investors at all. And we haven’t even touched upon the fact that it’s an unregulated industry with no consumer protection, a negative environmental impact, and strong associations with criminal activity. Or that most governments around the world are still trying to categorize it, let alone set regulations. With not too many words of reassurance to be found, mainstream adoption could still be some ways off.

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