Bitcoin Forum

What are some of the reasons you've heard from people as to why they're afraid of cryptos?

The most common reason I hear from people I know that are scared of cryptos is that they are afraid to use it because they believe crypto is fake and is a dirty money used by hackers and people in the deepweb. Every time I try to defend bitcoin and explain to them that it isn't what they think it is, they just refute my reasoning with unreasonable logic and they tend to stick to their belief that crypto is dirty money. Well I hope they would realize soon that it is good.

Most people are just confused as to what it is, and how to purchase/use crypto.

It is too "technical" my girlfriend who use a computer for emails etc. (but she's not really tech savy) would be completely lost if she wanted to buy cryptos.
The other issue is the volatility. You buy a token today for a certain price and in the next week, your token might be +10% (or more) or -10%. Not everyone is into gambling.
Also Bitcoin as an example has been associated with hacking and money laundering too many times by too many medias. The reputation is not that good anymore.

You can see it in so many articles in the crypto related news site. As per the previous month just like Jamie Dimon's said that gives you an answer about the reason that makes people are scaring with crypto.
The possibility of the fraud system, Easy to run a Ponzi scheme or game just like bitconnect, and another technical reason just like a lot of phishing site from the hackers or if you're forgetting your key and you lost everything in crypto I meant about the private key.

How you need to be become a tech savvy because cryotocurrency are too dificult to understand. Some of my friends are also scared that they might be tagged as a criminal because they think cryptos are only used by malicious groups like hackers to ask for money with a ransomware, and drug dealers are using it because cryptos are untraceable.

A lot of people afraid of change, bitcoin and the whole crypto are something really new what could scare current cash users.
Usually crypto is related with hackers, drug dealers etc. for newcomer who listen the TV or else media is must be very unpleasant experience.
The main reasons. Maybe the bitcoin price lately also.(bubble)

The most common reason I think is that these are scams. The second is probably that cryptos have no real value. I have read a very professionally written post in an online news that cryptos have value only in the online world because they are online currencies. They do not know that these cryptos can be traded and converted into fiat to purchase the stuff that we need everyday. There is still a lot of education needed for people like these.

Your picture NOOB when they get it from the exchange you signed up at while checking if you paid you crypto taxes.

Probably people are afraid of cryptos because of one feature it has and that feature is anonymity. This one feature of cryptos are what makes some stay away from it, since it is easier to scam people when one is granted anonymity and it being paired with irreversible transaction makes it the perfect tool for scamming others. Another reason why people is afraid of bitcoin is the technicality of buying it and crypto's volatility, buying on an exchange would be hard for a person that is not immersed with technology.

Bad publicity of financial institutes and low knoledge where the reasons, but it is turning right now, as Bitcoin has stable ups and cryptos get more and more acceptance by merchants.

Some of the people I know get scammed by those shit coins and ponzi schemes using digital currency like moonspace and the like. So, now, they are afraid to touch bitcoin or any cryptocurrency thinking it is just another scam or hyped digital currency. I cannot force them to use any crypto but it's their lost not mine.

Most of them scared because when you possess crypto you will be consider supporting terrorism and criminal and can be put in a prison, some of them scared becauae they thought bitcoin and other crypto is MLM, some of them scared because according to information crypto are ponzi and will run away with your money, there are so many negative rumors that stick in their minds so whatever we said wont affect them

its a common knowledge for someones protecting their assets,and for more reason that scams and hacking now a days are rampant,,so we cant blame them for not easily believe crypto specially bitcoins.unless they would have some close friends or family that can prove the truthfullness of this community,and assure them of the profit they might get when they invest here.lets just put our selves unto then when we first heard about bitcoin.

The people that make their money doing certain things like to store their money somewhere or they want to spend it on something that they want.
The main reason why they are scared of making money with Cryptocurrency is because they know that they have a high chance of losing that money.

Most of the people are afraid of the highly volatile nature of crypto. The fear of loosing everything in one day makes them stay away from the crypto world.
The decentralized nature of cryptocurrencies is another factor why people hesitate to invest in cryptocurrencies. They believe that a thing not supported by government of the country will never survive in future.
Some people are also afraid of being scammed by some ponzi scheme or a shitty ICO as almost all ICOs are scam and it is very difficult to tell which project is legit and which is not.

It's just Trolls tryin' to FUD your startup investments bro.. just HODL !

The risk involved and the chance of losing money in the process. Most people I've discussed crypto with prefer security over risk

I've had many people on the street tell me it's some kind of drugs and guns criminal online thingy.
And year by year the reputation just gets worse.
And with all this ICO crap now it's reached a whole new level of retarded.
You guys fucked up and blew any chance of this succeeding.
So enjoy the shitcoin chum change ROI's you got when no one was looking..
and you were not bust at TheTalk bad mouthing "the bad" ICO's.. which is ? The one you are not bag holding  :D

For example.. major news sites posted about Monero Ransomware.

Adapting to the new change and that too related to money is what scares them the most. People aren't able to understand how money is actually created in crypto space. And the truth is most of us including me also don't understand. After all, we are fueling the crypto world with fiat only!! But other than that, the reasons are Govt. restrictions, having to learn new concepts (onboarding is difficult) and most importantly one after one many scams in the crypto world. Especially HYIPs, revshares, scam ICOs etc.

People get scared of using cryptocurrency because of its unstable currency because some people don't want to risk their money. But i think sooner or later if they really saw what crypto can do and its potentials, I think they will join us as well to earn in this kind of currency.

They are afraid on what cryptos really are.On how to deal with it.Second are they gonna be scammed.Then the value of it that some are not stable enough.

Because to understand all this shit you need be smart enough and spend a lot of time to learned bases. Remember how it was when Internet comes, and even now we have ppl that don't like and understand Internet.
I hope with technology that not require programming or special skills crypto world become more popular than now. And i hope that Confideal also help with this problem. It provide a opportunity to create smart contracts that based on blockchain to ppl without coding skills. I think it is great

When they hear that you can make *2 during one week while they win 0,75% in one year, they think that's too beautiful and it's ponzi.

Moreover, it's too technical and hard for her to buy btc

Because all of those people who are creating fake fud about bitcoin are those who dont even know how bitcoin works, or they just heard about it on the tv or maybe in the radio, and that is why they are creating false spectatives about bitcoin and making people feel scared about investing in bitcoin.
I think that the volatility is one of the most scary things on this new form of money, and this is why they are so afraid to lose their money on here.

The some of reasons I've heard from people as to why I afraid of cryptos because their are not real and scam. They ate afraid to use crypto because we all know that almost crypto gave a dirty money that we make fools so that we dont have a good investment if we stay in a crypto. More people also posted like as criminals because they want to know the address or wallet of our money. We have to know that our money got lost if we making it with crypto.

Basically not tech savy enough. They do not understand the concept of different crypto yet. And probably not that mainstream yet, so they think it's "unsafe".

Without a doubt, the main fear that I have heard is that all this is only a hoax, and that sooner or later the bubble ends up bursting, leading to the bankruptcy of the unwary who invested in this. Others are afraid of volatility, and some of the fact that they are linked to some crime by engaging in some business that the authorities might consider illegal.

mostly they dont believe crypto will success they are not open minded. they think crypto will soon be over cause some opinion that unsupport cryptocurrency. they seems to be easy to believe bad news about crypto that unsupport crypto rather than supporting statement that crypto will survive and become the future of payment or even become the revolution of market share for all business.

some friend that i ask don't know about technology and believe that we can't earn money online, so they always think cryptos and the other online business is not real

"It's a scam and it's already too high."

Actually the most people scares about cryptocurrencies is to get scam and not real. Yes exactly, they don't believe about it that it's a kind of joke. Thus, most are taken for granted to join in and to have the opportunity to earn money online.

I don't think that people have much fear with the Cryptocurrency much because only those people are afraid much who know how the market can go to dead for a coin and those people have not much fear or we can say they have no fear who don't know much about cryptocurrency Because  they are not facing any problem in Thier life of money with cryptocurrency.
So here totally a matter of understanding and knowledge .
Here I myself have fear with the altcoins specially but still making investment with my own stretagy and making lots of profit .
So just it is knowledge only , and if this knowledge people will not have then they will loss Thier money .

Maybe yes other dont know about cryptos if the will read and think and joined it surely they will understand what cryptos but for me im afraid that one they someone will hack and get all i have collected cryptos. So better secure everything.. xD

That's right. If you are only careful in every transaction you make then there is nothing you have to be afraid of because my coins was never been hacked. And for me, the thing that scares me most is one day that they made it illegal to hold cryptos here in my country.

I think the most thing many people scare of cryptocurrency is not stable. Although increasing can help them earn profit, if decreasing will make them lose all money.

I have heard someone said bitcoin is a funny money that you  can not touch but is in the air! His perception of cryptocurrency is twisted. The fellow believes there is nothing real about it sincw he can not touch it.

I think the thing that "scares" most "cryptonians" the most is that some ICO's are volatile.
That's why good research is needed to make a good investment.

What they are afraid of cryptos maybe they don't have enough knowledge how cryptocurrency is,Cryptocurrency is like our local currencies but not authorized by the government,and it's not stable yet but still,millions of people use it for online shopping and sending/recieving money to others even one of popular cryptocurrency (Bitcoin) launches his ATM in the USA.

I think it's mostly the volatility that scares investors. The information/technical skill required to start up scares users. That and the fact that many noobs lose access to wallets by accident and just lose coins. I guess you could say that you can lose cash, as well, but cash doesn't have the threat of getting hacked. Again, I guess cash can get stolen, too, but people fear the unknown. If you don't understand how something was hacked, it's scarier than getting mugged because at least they know how to learn from that experience.

i think some people scare of crypto,  they think crypto never give profit and their money will be lost because the price of crypto is very fluctuating.  ;D

Most people are afraid of risking their money in cryptocurrencies is that they don't actually have enough knowledge about trading. They are most likely the negative thinkers who always think of the worst than the best. As a noob, you'll definitely be afraid of online investments. Add to it the fact that there are myths that give bad impressions towards cryptocurrencies like bitcoin.

Another reason is that these people are thinking that cryptocurrencies are fast money or a quick-money scheme. There's a lot of news about money schemes that turn out to be scams, and people are now hesitating to invest in cryptocurrencies with the fear that they might get scammed, too.

Most of the people saying its just a big bubble some says its a ponzy scheme . but i am a technical guy and into IT providing software solution i could able to sense power of Blockcahin technology , Peer to peer Network and Decentralised database No one can able to scare me on Crypto currency.

Most of the people scare of Crypto because they don't understand it clearly.  Virtual money has banned in many Countries. Therefore Governments usually say bad things on TV, Newspaper,... This leads people don't trust in cryptocurrency.

Most of the people who i am talking they dont want to take risk even normal trading they think that gambling . Most of the people afraid about taking risk in my community so they are not investing on bitcoin.

Nobody actually afraid of crypto-currencies, people just make their own decisions to get in or to stay away from it. On this decisions affect different factors, such us around opinion and the mass media. For example if I would have at lest one person who would say me to invest in Bitcoin at the moment when I just join (the price was 200$) I think I would do it, but I was surrounded by people who were skeptical to crypto-currencies and some of them stay the same even if Bitcoin Brooke the one record by another.

Good question. The most important thing I've heard is that cryptocurrency is a fake, a hoax. In addition, there is an opinion that they are needed only for illegal activities. I also heard that people are afraid of being hacked - I'm talking about mining.

The thing that scared the most people is that bitcoin is not backed by any centralized organization and that it could be a ponzi kinda thing. I pity such people to be honest as they have submitted to the elites and have become puppets in their hands.

People fear new stuff they don't understand. Because we evolved to fear and mistrust new stuff we don't understand.

How much stuff you need to know to understand blockchain? Programming, decentralised networking and cryptography. Each of those topics is really complex by themself and you have to put some significant effort to figure out how it works.

How much stuff do you need to know to understand cryptocurrencies? All of the above plus finance markets, equity securities, debt securities, derivatives, stock trading and market patterns.

This is just to start.

Also all of the cryptocurrencies are an emerging market with lots of perils - some of them are known, some of them are not.

much to the point. The first is the fluctuating price. The second is that crypto is often used as a medium for raising funds for crime. and many others.

People are becoming concious on what activity they will put their wealth. People are scared of crypto because it is becoming related to scams, the increasing number of scam is giving wrong impression to other altcoin which really has the potential to succeed. There is no denying that its harder to trust new offer coins now because of the news given by the mainstream.

Mainstream media has really big factor on why people become scared ir attracted to cryptos. Proper public presentation to people must be clear, I'm usually hearing new about crypto which shows cryptosystem is an activity instead of makibg it as an asset and a form of payment.

The common factor is the only online access without any form of offline usage. Second thing people was not that aware about the technology growth that has been making a lot change over the entire working system in and around the world. Here real understanding is not possible in a short time period.

The most reason why people scares and avoid crypto because, they think that crypto is a big air balloon what will blows with their money. But they are totally wrong and it so hard to explain that.

maybe they have not known the coin, or also if already getting to know and invest, they are afraid to lose their money

They think it is a ponzi scam and they are afraid to lose money.

Most of the people are not know what is crypto.They only believe in cash money, bank etc. They think its not permanent ,it can not survive long. They are fool, but they Dominance their personal life with a little job.

the people didn't know about the importance of crypto as currency i heard them thats an illigal and scam, what is that kind of currency all of them believe  into traditonal money but i know if the people understand the importance of crypto they don't afraid to invest crypotcurrency.

I'm afraid of joining scam ICOs and have my effort basically put in the trash. I mean, it's easy to post and all that; however, if in the end, you cannot use the coins or exchange them for that matter, then what's the sense. Also, one thing to be worried about is if the market crashes, and it affects the value of bitcoins and altcoins. It happened before, and it may happen now.

Most people are afraid of risking their money in cryptocurrencies is that they don't actually have enough knowledge about trading. They are most likely the negative thinkers who always think of the worst than the best. As a noob, you'll definitely be afraid of online investments. Add to it the fact that there are myths that give bad impressions towards cryptocurrencies like bitcoin.

Another reason is that these people are thinking that cryptocurrencies are fast money or a quick-money scheme. There's a lot of news about money schemes that turn out to be scams, and people are now hesitating to invest in cryptocurrencies with the fear that they might get scammed, too.

I never heard of anyone that is scared. Just some and actually many people that do not care. We are not the majority and it will be a good while before the terms are even out there for the most part. There is nothing that really appeals to most people, they see no reason that they cannot accomplish the same things in other ways and many of them can. I remember first getting into the stock markets years ago and seeing how easy that was and the returns were near the same.

I have heard some friend say to me that bitcoin is air money which simply means (according to my friends definition) that bitcoin is not existing. He believe s everything about bitcoin is made up.

I think it's quite common for the normal people refuse to accept a new thing, especially when you need invest some money on it. And for the cryptocurrencies, you don't even see something in material.

It isnt real and doesnt exist. When people cant understand something they actively look to poke holes in whatever that is and I think this is a common reaction to cryptos. It isnt necessary of course and if people thought about it longer than a minute some stuff might actually stick. But alas we live in the world of instant gratification and I think this is another reason people are afraid or unwilling to learn about cryptos.

the main reasons why people are afraid of this industry;
1. fear of losing money
2. The multitude of frauds in the crypto money market
3. and whales

I hope people get more confidence in altcoins as time goes on

i have heard from the most part of people that they afraid of losing money just because of the ignorances.
they are thinking so prejudiced without researching. this is the common scare about crypto as i see.

There are often SCAMs or hackers who want to get money from us. Often, by failing to secure their wallets, they succeed. Remember who you trust and be careful.

What scares people the most is the chance of losing their money. It's the reason they do not buy stocks. Yet they spend all their money on silly things and wonder why they always don't have enough.
The second thing what scares them is not knowing enough about the technology, buying the coins is a hassle for most people. Downloading a wallet is hard enough for most of them and the usability has to be improved by a lot for it to succeed in the future.

i think people just don't feel at ease with something new untouchable and gives you a lot of money that's at least what i have heard.

Form two different people i have heard to insane
reasons to not get involved with crypto and bitcoin
in particular.

A. Its a pyramid scheme.

B. Bitcoin? you cant spend it anywhere!

Always grinds my gears when people say things without actually knowing what the hell they're talking about.

In my opinion the main reason is it the people think about all cryptocurrency is scam so they afraid about self money.

"can not trust technology"  ;D
i really dont argue with people who tell me that, but this tech is most trustworthy until now