Bitcoin Forum

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

Such is meant to happen but for only the timid ones who fear enough from taking risk by giving a try, here they want a change but don't want to be involved in the change system.


Nothing bad in visiting those sites but investing with them is the worst risk, centralized exchanges are like banks in disguise.


Who taught them to be afraid? That means they are yet to know anything about bitcoin if they are truly afraid.

There is no one reason why people are afraid to invest in bitcoin, they can be scared away with what they read in the news, their age, or what their friends tell them, they can also be afraid to invest in bitcoin because they lost their funds, or someone they know lost theirs, so many more reasons are possible.

But it goes without saying that all of those reasons are a fault of the individual and not bitcoin itself, which is a network that is almost perfect, so for people who aren't afraid and are part of the network, they have nothing to worry about so long as they have the knowledge, and know what to do to avoid loss.

E.G: If i buy bitcoin today, and i keep it in the wallet of any exchange, if that exchange is hacked tomorrow and i lose everything, i should learn from it and be afraid of centralized exchanges (https://bitcointalk.org/index.php?topic=5393961.0) and not bitcoin.

bitcoin was/is promoted to the groups of people that fear banks, fear custodians. or dont have a bank account due to undeveloped countries.

so then having to put money into an account to get bitcoin.. is a slap in the face of the promise

under developed countries should develop local kiosks (like africa does with M-pesa)
thus skip the whole bank account->CEX part

basically trade locally/face to face rather then rely on central services

Your post is somewhat confusing.
First of all, it's normal to be cautious about everything. It's not about being taught as child, it's about evolution. Else we would be still eating mostly poisonous mushrooms.
The problem is that people were taught to trust authority, and authority is (at least sometimes) unreliable or blatantly incorrect.

What's the issue with education system? Simple: in many cases is insufficient and poorly structured, hence not getting enough people to the point they can think for themselves (hence they rely on what the authority tells them to do).
So yes, educational system has issues, but calling it bad is unfair at best. And this is what you imply. And nothing stops us from helping our children get more info than the educational system provides and learn how to use best that info.

You say you're a victim. Victim of what? Of education? Victim of exchanges? (What does some unknown exchange do between known and reputed exchanges?)

It is normal and natural to feel fearful and hesitating when you are exposed to something really new to you. We are all feel hesitating to get in with something new. Bitcoin is something weird and can not easily understand for the elderly. I implied that the ages affect how people accept or don't accept Bitcoin. If you are young, teenagers, in 20s, 30s, you are more likely to accept Bitcoin.

For people from 40s to 50s and above, it is harder for them to accept it.

Age affects our readiness to learn something new including learning Bitcoin. Education about Bitcoin, blockchain for the young is a good approach. It will help to increase Bitcoin adoption in future.

We were always taught from out parents or from educational institutions to always be careful with money.
So yes a mindset has always been drawn that when there is risk we shouldn’t invest any money. But people have forgotten the prime factor that when the risk is high, the return of investment is also great.
Nevertheless OP ,i can see your feelings that you are really upset, as you are not an early investor of the coin, so definitely you are feeling bad. But guess what currently Bitcoins price are best,so use this advantage and buy as many coins as possible.

This fear against bitcoin is promoted by banks. Even in last year, bitcoin always made appearance in every Bank's mailers where it was showcased under a negative light. So where people are so dependent on the banking system, they will grow a negative mindset against bitcoin. They grow fearful of any such new innovation. Unfortunately that's how human mind works! You tell bad things about bitcoin for 50 times to someone and they will eventually start believing the same. But thankfully the younger generation is able to show courage in new things and innovations.

You make a good point here and I agree. As I’ve shared this many times, here’s a GREAT quote from Andreas that covers this topic ..

"I think many of the intellectually honest people eventually stop being critics, because they suddenly realize that the flaws they are identifying are temporary features, issues, and not inherent problems. There are very few inherent problems in a dynamically evolving design or ecosystem of different designs all competing, that cannot be resolved.  There are critics who criticize this technology primarily based on their world view.   It is politically inconsistent with their world view.  It’s not that they do not like the technology it’s that they do not like the implications of this technology and the primary criticism you get then is “this should not be” to which all I can answer is ..and yet it is.  “but we mustn’t”… and yet we did, “but you shouldn’t”.. but yet we did"- Andreas Antonopoulos.

I think it's a normal thing. but one thing that needs to be understood, it's not taught to be afraid since childhood, but it's education to be careful of scammers out there. with education like that, we finally become careful when it comes to new things. however, to let people know that it's legit, they keep learning. For example yourself, you once felt victimized by it, and now know that some of it is legit. I think, you know that by gathering information, and studying. it happened to me too.

In which country do you live? Academic education isn't just about cultivating investment paranoia in students, it's still part of long-term financial planning and isn't necessarily a bad choice. Mainly because most school curricula are outdated so they don't really follow more modern types of investment

Your regrets are a form of retrospective of your experience that requires increased knowledge that influences your next investment decision. Not really ending.

Will you call it fear or rather people just trying to be more careful and cautious? I wouldn't blame anyone though, the times we are in calls for extra care and caution from everyone especially with the distinction between dubious and credible becoming fainter by the day. What I will always say is the source where one gets their information about something in this case bitcoin, matters a lot and can go a long way in making people believe in it's credibility faster. A good and credible and solid source of information always invokes interest and can quickly clear doubts.

Not true for every person. An old aged person trying to save their money while investing the same to make some more will always be skeptical about their money and hence be cautious about newly launched assets that their government has turned a "grey eye" to. Try to think of it from their perspective and you will understand.

I dont blame education systems but how a person takes their education. If they keep an open outlook they will be able to learn a lot more. But this does not mean that they will go for bitcoin. Rather they may stick to traditional assets. It depends on a lot of other factors.

If you keep thinking of yourself to be a victim you will not be able to progress. But there is a time to everything and it is possible you might profit a lot from your bitcoin portfolio.

Schools and education can be very different, not every teaches one to be afraid. Moreover, sometimes it's important to be cautious, and I'd say feeling insecure when using centralized platforms is a healthy approach because many make a mistake of carelessly storing their coins on a centralized platform and then suffering when there's a hack, an exit scam, or an exchange freezes the funds and asks for things related to KYC.
I think most people aren't investors into anything, and of those who invest, the majority would prefer a low-risk investment. Bitcoin is highly volatile, and the risks shouldn't be underestimated. People who are afraid of investing should stay away, it's better for them and for the market. For them because they remain calmer people and make responsible decisions. For the market because we already have plenty of panic sellers, and having less could help make Bitcoin more stable.

In life you need to try as much as possible, this will make you learn a new thing and it's good for your journey. If you're always afraid and worried before try a new thing, you wouldn't learn and don't regret if your friends are become success quicker than you. It's start from a mindset, feeling afraid would destroy your life.

I think they're afraid because the government ban, religion issue, volatility, no physical appearance and always think someone has a control behind the market. Of course each people will have different reason, but if they're really learn Bitcoin and at least understand how it's work, they wouldn't afraid anymore.

I just heard the term fear of someone who wants to invest, who, who teaches fear since childhood, if they want to invest, parents or teachers, if they teach them to do that, they are completely orthodox.

In my environment, on the contrary, many of those who are responsible for the upbringing of children are required to invest since childhood, it teaches them to be more independent and have a future, Bitcoin is a good method of choice if someone wants to teach children how to invest, in fact, all things certainly have risks, Bitcoin is not a bad risk they know early to invest.

Every teacher in education always teaches to be independent and how to do it, including investing since now so that in the future you can achieve success. Any investment can be done.

And indeed bitcoin is not a bad thing because in my opinion investing now in bitcoin is becoming a more valuable asset, don't we want to go forward and succeed in achieving it?
Excessive fear of not going to do something that becomes an experience is actually a concern for you who always fail because you don't try it.

Back in my high school, no one taught anything about handling of money until I took Business and Management Strand in my Senior Level. Knowing that some schools and some individuals are taking step forward to teach their students/people pertaining anything crypto and the blockchain, surely we are now stepping away from that kind of mindset of a "typical human mind".

Ironically a schoolmate of mine during those years, introduced me roughly to crypto without any definition. It is just that "yo look into Bitcoin, trust me it is not anything illegal or something you should be worried about once you get it".

The only reason why a single person becomes afraid of investing because he lacks the knowledge and skills, and he is afraid to take the risks. He is afraid of losses so most likely investing in bitcoin would be out in the picture. However, not all people have the same behaviors towards bitcoin. Some are eager to take the risks because it’s the only way that they can make huge profits in the end. Although there will be inevitable losses at first but it will be overcome in the later part.

Each of us has our own fears, some have managed to overcome them while others stay fearful all the time. Schools may have been teaching us to never be afraid  and be brave, but I guess there are really some people who lack motivation and confidence to finally get out from their comfort zones. The reason why these people do not take risks investing particularly in bitcoin because they only get to hear and believe people who lose in bitcoin, but are blind to see the good things that people benefited from bitcoin.

Bitcoin investment is now not much feared by people. I've seen people invest in Bitcoin with energy now But if the movement of Bitcoin was at a steady state and the price wasn't dumping so much, people would be more dependent on it.However, people are now leaning more towards Bitcoin. There will come a time when people will spend most of their time on this poison coin and take it as the only earning activity.

That is not the reason. They aren't investing in bitcoin because they are afraid of "new kind of  money" like you stated. They aren't because they don't know what bitcoin and crypto currencies are. They aren't aware how it works. They aren't interested in crypto currencies. Or they just think it is some sort of scam because of all the negative media and press that spreads around. In other words, lack of awareness. And I am sure most of them don't because they don't have money lying around to invest in something very volatile as crypto currencies.

for those who understand bitcoin, there may be no fear to buy, especially during a bearish season like today. but for those who are still learning even just knowing bitcoin is not legalized by the government, then they will feel scared, especially from the current price of $60k to $20k, so it is natural for them to have doubts, because this volatility does not occur in other markets. or even there are people who are ambitious, so they are afraid to miss the moment, but the market moves not as expected, and they experience panic sell

We all would have wanted to join this forum earlier but sadly, we can't go back to those days and can only live our days trying to have more bitcoins. But if you have decided to invest in bitcoin, you should know the risks and learn to reduce them from getting bigger. Don't be afraid like people out there because every investment has risks and depends on how much we can understand and reduce the risks. By continuing to learn from time to time, our understanding will increase, which can help us make a future profit.

No, this is not the reason, possibly it is for maybe 1% out there.  IMHO the main reason for fear comes from being burned in the cryptosphere for a plethora of reasons.

Yeah, some people tend to believe in other people or entities compared to their own self or instinct. Even without doing first their own research, they immediately believe without verifying.
Another thing is social media, there are a lot of influencers there that spread FUD sometimes or fall for some traps about scams or Ponzi, these are also one of the many reasons.

Cautious nature about the bitcoin technology resists the people from entering into the field but as an investor the volatility scares them more from my knowledge, bitcoin is not really stable as gold nor exist physically for the people to feel it sooner so everything will take time for people to get used to it.

Remember early ones get more benefits so you're one among the early investor so happy about being a part of it and starts moving forward.

There's no point of of trying to find a psychological explanation of why the people are afraid of Bitcoin.
The vast majority of the people simply hate taking risks and that's perfectly fine. Investing is inevitably related with taking risks.
There are two big reasons why the people are afraid of Bitcoin/crypto:
1.Price volatility and constant FUD creates the fear of Bitcoin price crashing down to 1K USD or below.
2.The countless amount of Bitcoin/crypto scams. No wonder why many people don't want to use BTC/altcoins. If I was a complete newbie in the world of crypto, I would be afraid to put my hard earned money in crypto as well.
Joining this forum isn't something that you should be afraid of. ;D

I think most people wants to conform to the norm and they are wary to challenge those norms and standards. We live in a world where most people live like sheep. There are only a few people that will have the courage to test something "new" and also to push the boundaries of what the society deems to be the standard.

The educational (FIAT) system, still teach the old school financial tools and structures, so we should focus on adding "new" tools and ideas to that system.  ;)

The sooner you get rid of that garbage victim mentality the better. That mentality is promoted a lot by socialist-leaning politicians offering you the supposed solution that they are going to save you. Garbage. You have to take charge of your own destiny.

As for Bitcoin, apply this. If you haven't started investing, start now, but first get a lot of information about what it is and decide why you want to invest. If you do not have much experience it is better to invest for the long term, at least 4 or 5 years and do DCA, which means that you buy as much as you can weekly or monthly. How much can you afford? $50 a month? Then go for it.

We are only taught to be afraid with god but not in any other things. You won't grow as a person if you will have that kind of mindset. It is okay to make mistakes as a starter but it's always possible to improve.

We have another type of money before cryptos came in (paypal for instance) and people didn't reject it. I think that is because its government oriented but cryptos are completely opposed to that. People think it's an illegal type of currency, add in the fact that it's also being used on buying drugs, gambling and money laundering.

Those who visit crypto exchanges are the people that are involved in cryptocurrencies already.

People are always afraid of taking risky decisions. Especially when they could lose their hard earned money if things go bad. This is a natural human reaction and there is nothing surprising about that fact.

This fear can easily be remedied by simply learning more about the risky thing. Knowledge sets you free from fear.

In the case of Bitcoin, it's not that easy to learn everything about it, especially if you do not have the technical background
. Most people invest in the hype while staying in the dark about why Bitcoin is so great. Hence their fears do not go away and they act on those fears and lose money.

The main reason why some people are afraid in investing into bitcoin is its volatility. Your amount of money could become half of its original value if you bought during bull cycle and a bear season occurs.  If you have a weak emotion, you will sell it at a loss and never invest to it again thinking that this is a scam.

Government that are against to cryptocurrencies and the mainstream media portraying bitcoin as currency used by criminals also adds to that scare preventing people to even learn the basic fundamentals.

You are afraid because you don't know anything about it and you are coward to go out on your comfort zone that's why you feel that crypto or bitcoin is so shady. But if you are been educated about the technology of bitcoin and accept the positive information came to you for sure thus fear will be replaced by eagerness to invest and try to use or avail the huge potential of this coin.

People have moved from one method of payment system to the other. It means from traditional way of using fiat cash, now majority of the people are used to the digital method of payment. This is all because the fiat getting a digital format and nothing different. Here with cryptocurrency they find it different because of this being virtual. Slowly people will understand the technology, until then it's our responsibility to help those people understand it in the right way.

I think it's okay to be afraid of what you don't understand. Until a person understands and has studied Bitcoin, let him be afraid. And he will be right. So he will be able to secure his fiat money, which many of us do not fly from the sky. You need to enter the cryptocurrency with careful steps, without rushing. Stepping from one topic to another, we begin to understand and decide for ourselves whether we need to invest or not. Many on the forum teach beginners to buy Bitcoin and hold. But I witnessed how a person was helped to buy and then, deciding that he would soon increase his finances, the person calmed down and began to wait. At the same time, he doesn't know how to store what he owns. In the end, he just got scammed. He saw his account but did not own it. Therefore, haste always puts obstacles on us. Just rely only on yourself. Do not know or do not understand; bring your knowledge to the point where you understand. You don't need to trust anyone.

people slowly understand about digital, all kinds of payments using digital. Fiat has indeed switched to digital, but Fiat is still centralized or still regulated by the government while cryptocurrencies are really decentralized or not regulated by anyone. Currently, there are many cryptocurrency payment gateway applications that can be used to pay anything using cryptocurrency easily. this is just a regulatory issue that is still not felt.

Its high volatility scares people away but it is also that volatility that attracts so many people to bitcoin. I think the main reason people are afraid to invest in bitcoin is none other than the government, the government is still the highest voice of a country and they govern us. Everyone believes what the government says, as long as the government spreads bad news for bitcoin, people will be wary of bitcoin.
Nowadays with the development of social networks, the truth is spread everywhere so they will not be able to stop bitcoin forever, at some point they will have to admit that they have failed in trying to stop bitcoin.

People are afraid of bitcoin because bitcoin is volatile,  they hate to experience the dip of bitcoin and hodling bitcoin is so terrible for them because it seems to be waste of time. They prefer ponzi schemes because ponzi schemes assures people of getting back double of what they invested.  They feel bitcoin is too slow to give them the profit they want, they don't hate bitcoin because it is a new money.

Before we became experienced in Bitcoin, we were afraid in the first place on what would happen to our money if we buy BTC. It’s because we have lack of education in managing our risks. It’s really normal for us to have this kind of experience in the first place. I can relate to all since the day I was introduced into Bitcoin.

Education is the key for us to minimize our worries in buying Bitcoin at least. But it’s better for us first to learn proper financial risk management before we decide to buy any asset like Bitcoin as it has no promises or astronomical guaranteed returns.

The issue is that people do not afraid when they need to be afraid. That is, when Bitcoin is at its peak.

They are afraid to invest when Bitcoin is near its bottom. As Bitcoin is now down about 70%, there is no point in fearing because from here there are high chances of going up and the chances of dropping are slim.

There is no better time to make a long-term investment in bitcoin than now IMO.

Mate, there is no need to be afraid if only you understand the volatile nature of bitcoin. A lot of people who got scammed investing in Bitcoin were the people who had little or no knowledge of what they were doing as such they felt that it was a quick money-giving scheme that they can invest in and get double of their investment immediately but when that failed to happen they see Bitcoin investment as a scam abd they spread the rumors everywhere.


Finding yourself in this forum will give you more reason to trust and believe in bitcoin because millions of people in this forum including myself can attest to the usefulness of bitcoin regardless of the bear market right now.

Absolutely, this is true. However, despite having been raised and having had their minds taught to fear, many still manage to overcome it. The world is changing, and new technologies are appearing daily. If the new trend would make your life easier, you can't because of your background refuse to follow it.
You have nothing to lose if you comprehend and visualize things as they should be. If you fully get how it works and take full advantage of it, investing in bitcoin can be a tremendous start toward establishing your financial future. You may gain more knowledge and make wise investments in any business by learning something new every day. Purchasing bitcoin won't make one regret it, but first learn and understand how it works.

It is commonly said that "people hate what they don't understand, and fear what they can't conquer", so I believe you are right to a good extent.
But I can also tell you that there are people who have heard about bitcoin and haven't invested, not because they are afraid, but because they don't have the right people around them who can guide them, I have this same kind of people come to me almost every day to teach them how to make money through bitcoin.


Sorry but I can't agree with you on this, fear is not what is being taught in school, fear is something people develop their self into due to their past experiences or experiences of those close to them or stories they hear or heard concerning someone else's experience.

For example : imagine a newbie who wants to invest his live savings in bitcoin, and goes online and reads a news of how, not one, not two, but several persons lost all their live savings in bitcoin, such story will instantly install fear into the mind of such a newbie.

So personally, I don't think fear is taught in school, fear is an emotion individuals develop themselves into, due to their experiences or experiences of someone else.

Still people have the choice and we're not entirely able to convince people to go and use Bitcoin or any forms of cryptocurrency. It could be used a lot in the future, but considering that not all human being uses credit/debit card for their own reasoning, there would still be people that are going to stick to fiat regardless. It is just the way it is. Just like phones, there are still people willing to use those old keypads even if majority is now on touch screen as it already solves their need and they could not ask for more.

Fear has not something to do with our educational system in the past. People fear on something maybe because they have been scammed already before and is now afraid to try again. Or it’s just that people develop fear because they are not knowledgeable on things they plan to enter. However, being educated means you were able to lessen the risk, so I think education is very essential not to develop fear either in bitcoin or in any risky investment.

People's fear should be caused by some reasons, not only the lack of knowledge or skills. Some people have a weak mentality to take risks, it is their nature to avoid high risks. Since Bitcoin investment is a high risk, those people who are weak in mentality and lack trust in Bitcoin, probably stay away from Bitcoin investment. Another reason, people may be influenced by FUDs. Some people are lazy to take research, they instantly believe in an issue or rumors. This type of people are easier to be influenced by FUDs, so they are afraid to invest in Bitcoin because they hear or read much negative news about Bitcoin or crypto as a whole.

Life in itself is a risk, which is why it's always idea to take a calculative risk, than involve in a stuff you have little or no idea. So no human reject the possibility of any form or type of money, because before the dollar note or digital money came to be used today,there has been different kinds of money used centuries ago for transaction between two parties and in next generation to come, we really can't tell, Bitcoin could be a thing of the past. So the whole stuff there is that people tend to be afraid to use what you don't know, not that they are afraid


It is never too late, you can equally start from somewhere

It isn't too late, Bitcoin is still in its early phase of adoption.  Besides it is not whether you joined this forum or not, it is your involvement in Bitcoin Industry that matters.  This forum is for discussion, news, and announcement of several services, the actual thing is how you relate yourself to Bitcoin trends and how you take part in Bitcoin journey towards its global adoption.

I don't know where people get this attitude from but I've noticed that the older they are the harder it is to change their minds.

Older people tend to think they went through so much that a young guy can't teach them anything. This makes them often close their minds to technology because they don't need that fancy smartphone or shop in the Internet. They still can go to a store and call their friends with their old phone.

Ever noticed that old people like their old cars and don't want to change? They also like their paper money in their pockets. Bitcoin is not physical and that's why people are afraid.

However, sadly, when bitcoin is at $69k, some people claim that bitcoin is too high and that they are unable to purchase it, so they wait for bitcoin to fall before making an investment. Nevertheless, when bitcoin drops below 20k, they begin to panic and believe that bitcoin will continue to fall and many say that bitcoin will go to zero. They are afraid to invest in bitcoin because they have no faith in it, they think it might die or will go to zero, and they are afraid of its volatility. In spite of the fact that we view bitcoin volatility as a potential profit opportunity.

I have felt this since I was a child, where I studied diligently and later I was able to work in an office with a comfortable life. but over time, I think finding financial freedom will be happier, and this will be hard to come by if we work in an office. for that we can imagine if we understand bitcoin from the beginning of course we now have financial freedom, and that happens for those who can always learn from the times. but don't worry about missing the moment, because as of now there are lots of discounts from bitcoin to buy

Some oldies consider this as a fancy thing and no market value, a scam thing. Old people keep their mind what they feel was real and they can touch making them not to believe in the existence of digital currencies. I understand their views towards crypto and we no longer have to urge them to believe this as it was not even necessary anymore. But for this current generation, I'd really appreciate their interest and welcoming crypto as this likely it was beneficial to them.

It is true that human wants status quo to continue and resists change but the bitter reality is that change is the only constant. We should always welcome new technologies in the very  early stage though there are risks associate with it  but early adopters always harvest huge benefits. People are still fear to take entry in crypto market because it is very volatile but experienced investors and traders understand very well that this volatility is a gift if you know how to manage the risk.  I joined crypto space  in 2017 when general public had just started taking interest in digital currencies because Bitcoin price had reached 20K which was considered very high at that time and later we had witnessed long winter which was good buying opportunity for long term investors.

It's always a fear to start learning new things. That's why people who doesn't have knowledge about this kind of stuff is probably just avoid it and they always often keep hearing bad stuff from other people hence makes those people avoid it even further. Also they are already comfortable with what they have and don't want to make a change at all, that's why educational stuff about Bitcoin is a must in some cases

Older people are more careful about where they are putting their money in. They would rather take lower risks in order to minimize losses because they have other things to look after and because of their old age.

On the contrary, younger generation might also take the safer route because of increased unemployment, lack of job security and their general well being.

Hence generations will not matter much, rather knowing the pros/cons and the government's response towards crypto are the things that will push crypto investment forward for any country.

This is not the fault of the education system, but the fundamental human tendency when it comes to taking risk when your hard earned money is involved. If you are not willing to take risk there is nothing wrong in it and only invest if you are willing to take the risk and it might not reap the benefits all the time.

If you are willing to take the risk, you can invest right now rather than thinking about the past, thinking about the lost opportunity does not make any sense ;).

People are always afraid to enter an ecosystem they aren't familiar with. This is normal behavior of humans. But nowadays this isn't much prevention to invest in Bitcoin. There are a lot of sources to learn about Bitcoin or crypto. If someone is interested or you want to convince you may present a lot of sources of learning. So the main thing is how are you going to introduce Bitcoin to others.

Not literally that we’re afraid but rather we become worried and apprehensive in things that bring risks and are unsecured. This is why as a human nature, we tend to become somewhat fearful at first especially like bitcoin investment which most of us have no enough knowledge on it. We’re afraid to lose our money by not taking risks, not realizing that if we don’t take risks, there will be no gains also.

Old people's lives are tied to fiat, it can be said that fiat has been with them for life so it's no surprise that they can't accept something newer which we say is better than fiat while it's so nascent compared to fiat. Unlike previous generations, today's young generation was born in a more modern and comfortable world, so it is understandable that they absorb new and creative things.

We're approaching bitcoin right now and think it's really a great invention and the future of the future, but as we get older and the world continues to develop something newer and more modern than bitcoin, we probably won't accept it easily either.

You are absolutely right, opportunities rarely come in life but we have to seize them and take advantage to bring about a peasant change in our life. Current bearish market is very good for accumulation of Bitcoin on every dip and believe me we will harvest huge profit when after the next halving Bitcoin supply will come down and scarcity of Bitcoin will naturally increase its price to the new ATH.

Because Bitcoin is not accepted everywhere and very few peoples aware about it.If an internal problem occurs such as a virus corrupts data or the wallet file is corrupted, bitcoins can be lost.its values is not accepted by any central bank.it has no physical value it is also converted in to currency.Its value is always changing according to the demand, there is no fixed value.If bitcoin is paid in exchange for an item from a merchant, there is no telling what the value of the bitcoin will be when the item is returned which creat confusion.these all can be the reasons that some people are afraid to invest in Bitcoin.

Instead of continuing to regret the past you should seize the opportunity now, it is not too late for us to start with bitcoin. The market still has a lot of opportunities to make profits, right now we are in the bearish season and bitcoin is at a high discount.

If you think you have missed your chance in the past, now is your chance to correct your past mistakes, whether you really want to catch it or not is up to you. At the current discount rate, I believe that if you start holding, the profit you will get will be a huge profit, I can say it is a bigger return than any of your investments before.

I think people are scared of taking risk but when taking risk you should be able to manage risk especially when it comes to investing in bitcoin people are always scared of investing but I believe you have this forum to guide you there are different thread here that helps guide you while investing , i so much love this forum because of this advantages once you registered you can learn so we should encourage people and awareness is also okay when it comes to investing or trading.

FYI, You can still recover Bitcoin even you wallet is corrupted as long as you save your private key somewhere else because Bitcoin itself is indestructible from attacks because it’s recorded in the blockchain. Only the wallet can be damage but you can always reinstall and import your private key to recover your Bitcoin.

About Bitcoin being use on purchasing in marketplace. Merchants are using payment solution that automatically converting Bitcoin into fiat amount the moment it was sent to the merchant address to solve this volatility issue on the price.

Once the word afraid is in our mind, it can be a disaster for our future particularly in making a decision. We can't move freely and make smart decisions.
Maybe, sometimes we feel like this but not all the time we should have to carry this thing otherwise, nothing will happen to us. This is just like taking risks in crypto investment, trading, etc...
It is definitely a need for us to conquer this feeling before it will be going to late. If we have to overcome fear, it is a need also for us to trust ourselves and keeping in mind that nothing will happen to us if we don't act.

You are right that risk management is important in trading & investment but I think in case of Bitcoin DCA strategy ( Dollar cost average ) is more important because it is a precious & store of value and generally investors  accumulate it to book huge profit in the long term. For day or swing traders risk management/money management & good technical skills are very important to generate income in the short term.  

The only reason why people are afraid of Bitcoin is fear caused by lack of knowledge. There is nothing to do with investment, a lot of people are afraid to try something new, because they see no reason doing it. They dont want to change and try anything new, because their current life completely suits them. My first acquaintance with Bitcoin happened when I searched for a way to earn extra money. Reason of acquaintance - I have started loosing control and confidence of my financial situation.

It can also be understood that land, houses, gold and silver are pre-existing things, real assets that we can touch, hold and need to use every day. In contrast, bitcoin is a virtual currency on the internet, with strong volatility, so people are afraid to invest. People tend to prefer safety over risk, only a few like taking risks to make a difference investing in bitcoin. Ignorance about bitcoin is the cause of their fear of bitcoin.

That is just a natural reaction for someone who doesn't know how bitcoin and other cryptocurrencies works, but what is not normal is when you let that fear decides what's good and right for you because that same fear will become an obstruction for you to earn big in the future. Risks are always there and they won't budge just because you are afraid, instead, you overcome them so that they won't impede you from learning.

Bitcoin has already proven to be another way to make money and many investors can testify to that. So, will you still let that fear control you?

Yeah even though people have this way, it isn't restricted to Bitcoin Investment. How many times have we heard instances where people invested in other sectors like shares of companies and sometimes after the company closes down and you lost all your investment, this I have witnessed first hand so, people still lack the will to look and research what is in front of them and will always want to play safe however once they really understand what Bitcoin is, then they will have a second thought.

It's fair and normal to be scared of new things that has been discovered. It may not be new to us but it's new to those that are scared. At first, that's the legitimate reaction that one can show but, if they show genuine interest then they'll study hard and research about it until they wholly or partially understand it.

You're not a victim, that's your reasonable equal reaction upon looking at bitcoin. That's what many of us has said too that we all hoped that we knew bitcoin too early so we bought at those low prices.

But, if we come to realize what we're saying. We might really do the same thing as what the newbies are doing right now, and that's being doubtful at the beginning.

There are also such cases when a some one lost money investing in stocks or real estate, then based on his negative experience, he will no longer invest, but will prefer to simply store fiat, despite the fact that inflation will eat up its value with time. Better to have something than to lose everything. Many rich people failed, but they kept moving forward.

I think some of us don't also know the reason on why we tried btc but what we only know is that we got curious about it. While there are some who are like you that tried btc because they hear that you can make money out it. You are not contented on your poor life so you want to change it with the help of btc but what about those who are rich already?

We are aware that they are still investing in stocks, real estates and others but unfortunately only a few of them added btc on their portfolios. These people are smart but not really when it comes to bitcoin. If only they will study it, they will realize that what they think about btc is wrong.

We should always try to learn and try to risk more, some investors and trader  in stocks or forex knows how to adjust in the market so it will be easier for them to adopt other or new skills but for newbies they should learn to start first and do action, it’s not enough that they have the idea they should make it work. In case of bitcoin many already knows it even before it pumps but many chooses to not use it since they are afraid to try and too scared that they might het scam. People who starts early can be lucky but they are more of a smart person and risk taker to think that there will be something more for bitcoin even it’s value before is less than $1 and despite of some negative news along with it. We are not required to have full 1 BTC we can start at small to lessen our anxiety whether we invest at the right time in BTC.

The drop in the price of bitcoin was the cause of the current market situation.After the dump in the price of bitcoin,the many old traders started to hold for the long.The new traders had no other option to check the other coin deep before the investment.Because people with high knowledge one can survive for now.Less knowledge traders will lose some money for now.

I don't blame those that don't accept bitcoin as another type of money. We, humans, are groomed to go for what we believe and trust in. People are only afraid because they don't see, touch, feel or understand how bitcoin come about. It takes a whole conviction to understand how bitcoin runs

For those people who do get used to into those traditional ways then it wont be surprising and since people are different when it comes to mindset which there are some who do welcome new innovation and some

who doesnt then it wont really be surprising that there would be different impressions and conclusions which people could tell against or go along with Bitcoin.Investing on something which cant be hold off is

something that some people wont prefer nor even believed but just let them be because as the time comes that they would really be getting sufficient knowledge and awareness then this is where impressions
do start to change up.

maybe this is very influential, and I think this is one of the actions that must be considered to instill trust and confidence in people, especially for new investors, doubts from an early age have very side effects according to what I have noticed.

Fear isn't totally bad. Fear prevents people from entering dangerous situations where they can be harmed and can also be an useful measure to discourage criminal behavior some people might develop. In bitcoin case it's also not totally negative, because fear prevents people investing more money than they can afford to lose. Without fear people would be inconsequent and irresponsible. However, a balance is always needed, therefore we can't live between the extremes of total fear at a point we become frozen and unable to live or the other extreme of lack of fear, that is when we act without any strategies, organization and goals.

yes, maybe because they lack knowledge about bitcoin so they are afraid to invest in bitcoin and most of them are afraid that the price of bitcoin will go down, whereas in any business, of course, must have courage and sacrifice, as well as investing. but of course everyone's thinking is different.

Fear is part of being human and there is nothing wrong with being afraid of things that one has never encountered before. Depending on the case, we should accept or continue to reject the new. People who are looking for something new to change their lives or increase their income, who have nothing to lose, are always open to new things. For people who are living a stable life and they are satisfied with what they have, there is no reason why they should accept something without knowing it.
I also didn't learn bitcoin when I first heard about it, but a few times after that I tried to open my heart to learn about it because I needed some extra income.

I agree that the fear of the new is in human nature and is not connected with the education system. This is embedded in our behavior long before childhood. You noticed a curious detail that people with a stable life don't try to leave their comfort zone and are not interested in new products like bitcoin. They feel good in the traditional financial system in which they live. As long as such people are doing well, it is very unlikely that they will study bitcoin, but as soon as their financial system shakes up, difficulties begin, then their eyes will turn in the direction of it. Attempts to maintain their well-being and former standard of living will be encourage it. So, in times of crisis, might see more wealthy people add bitcoin to their portfolio.

Yes, that's true because, of fear, we can rethink whether we should buy bitcoin in the present moment or wait a bit and make sure everything goes according to our plan. Maybe many people are still afraid to invest in bitcoin because they tend to be afraid to see the price fluctuate as it is now. But if they can analyze that the bitcoin price movement is reasonable, it is a good moment to buy it when the price is down. But it will depend on how people can overcome their fears.

Being cautious in investing in something is a good thing. Having less knowledge about something and hence deciding to stay away from it is a diligent step.

These steps are taken wrongly by newbie investors specially jumping into altcoins, sometimes buying bitcoin too at high prices and then moaning about losses. To prevent this, I suggest newbies to do dummy trading and read the charts before doing a real life trade.

Just knowledge is not the thing here, it is personal choice whether someone wants to invest in bitcoin or not. Also not all governments are lenient about crypto hence the future for such countries in unclear at present.

Especially in poor countries, they do not choose to invest in places they see as risks because money is so valuable to people. In addition, people do not want to pay for things that they cannot perceive with their senses. They are afraid of the Internet. What do I do if I'm suddenly robbed? thought prevails.

Simply put, when new investors have doubts about something like this, why should it be done because if this is me then I will really study it until I am sure that I have just made an investment. I'm in bitcoin because I really believe in it so when we really have doubts but are still running, it's a pretty stupid thing to do in my opinion.

I agree, it is not our job to make sure that they trust the system or whatever, do whatever you want and if others do not understand the benefit of buying bitcoin then let them not understand it. I personally love it and I will continue to love it and nothing will change that, as long as that's true then we are doing fine and nobody can bother us.

This is of course not easy when you consider the fact that bitcoin is long term and people do not understand how they need to hold it for years. I get that some people do, but many people want to get rich right away. That's mainly because they are afraid of bitcoin and do not want to hold it long term and do not trust it for years.

It scares many that some resources explain bitcoin as "a currency that does not exist." For me personally, this formulation is also not very plausible. The question here is how much you know Bitcoin's technical side. If you do not understand how it works and is afraid to invest in it, it makes sense to figure out what it is for.

When you talk about bitcoin it is about that digital money. Of course there is risk involved in investing in bitcoin or any other cryptocurrency. Bitcoin investment is not risk free and whoever told that bitcoin investment is risk free I don't think that's the right approach.

We are being always told that be careful and invest only the amount which you can afford to lose especially if you are doing future trading.

Because some people think of it as gamble and crypto is an extremely volatile market.

If you are thinking about time. So I think Time Does not matter.
Don't think you are late if there is Bitcoin. Of you enter now and hold tight so the Bitcoin will never disappoint you.

And if many people are afraid. So doesn't matter I think you are at right place and thinking to invest in Bitcoin.

If I talk about my gathering, So, I have also that kind of people. And about 80% people afraid from cryptocurrency.

People get scared of what they heard in people's mouth without getting the source of the information, vice versa. Bitcoin or any other cryptocurrencies is a nice besiness. There is no business that is risk free, so bitcoin is not an exception.

You been here is a good idea and I assure you of a great opportunity ahead of you.

Sorry you were a victim, learning does give us the perception of something we are thought but as people grow they must also live with evolution of things within their environment. you must evolve and learn new things. There are lot of content online to learn about crypto investment.
   While growing up, I was only thought to do business or work for salary if I want to earn money. I was so glad when my friend Introduced me to cryptocurrency, at first I never thought of investing because of risk of losing money but as time goes on, I cast my fear and started investing into Bitcoin and other crypto. The fear that people learn as child could be the cause while some think is not wise to invest into Bitcoin, only if they chose to evolve, then is not a bad idea to invest in Bitcoin but they must also learn the merit and demerits of crypto investment.

Good experiences always come from a bad experiences.

Being afraid is usual because you don't know anything yet about crypto in general. There's no such thing that you know already everything entering a new world. Just continue to be involved in crypto, obviously if you really want to stay here.

Experience is they key to building a good foundation.

I think the simple answer would be due to the volatility of BTC in its price.

With media stigmatizing the view of cryptocurrencies, it created this artificial fear and hope where if you invest into BTC, you would become instantly rich. This is what media portrayed BTC to be to the point that people would blindly invest into it without knowing its effects and purpose. This is exactly what happened last 2017 when the price skyrocketed and plummeted down, then people blamed BTC and tagged it as a scam.

Any speculative market can be a gamble. The point lies in whether you are letting it mess up your life or handling your money properly. Most people cannot do the second one and hence people around them get a negative impression about that speculative market.

While the affects the older population more, once it has happened, it is close to impossible to revert this mindset back to a non-biased state even for the younger population.

I would say, let them do as they wish. If someone does not like crypto, they would never enjoy investing in it.

yes, that's true, indeed there are many people who are afraid to invest and also most of them are people who do not understand about investing, and I think that is one of the obstacles for someone, because if we have excessive fear of course we will not benefit. . , because ?too afraid to try.

Well we all have fears especially in taking risks. But when it comes to crypto investments, it should always be controlled because if we keep that fear, we will lost our focus and the determination to succeed. Maybe the reason why others enter the market and then quit later on because they cannot control their selves. Otherwise, do not bother entering crypto investments as its full of risks that gives you fear.

When talking about investment, we have to focus on winning and earning and find a way to get it. But if we are already thinking "what if's", that something will affect our decisions and it will influence our mind as well for this won't easily be vanished from our mind. It was best to always be positive despite the challenges and difficulties we encountered and I say that this will never happen if we have a goal as this will lead us in the direction that we want to go. Likely, if we want to hold 5 years, then consider preparing ourselves to hold that long.

This information is not formative, many people have their own reasons of not investing in Bitcoin because it investors is accountable to it's plans concerning investment, some people bridge not to invest in any currency because of the information they heard concerning the investment, so I'm using Bitcoin as illustration, because if you are informed that the market of Bitcoin will be bearish, and you study try the chart of cryptocurrency and you notice that's the chart is real, you won't like to invest because of the information passed to you, so information discourage some people.

In this case actually if they know the consequences and are ready to accept it then there is really no reason to be afraid because they are already prepared with the worst possibilities to be in trading or investing.
the fear here I might think of it as people's unpreparedness to be in crypto, especially in bitcoin and this can clearly be eliminated by learning the ins and outs of what will be explored whether it is trading or indeed investment.

Once you do step your foot into this market then you should really be prepared when it comes to volatility because this would be the primary thing that you would encounter
and better to prepare yourself and if you cant bare out the risk due to moving prices then this investment isnt for you but if you could sustain yourself and able to
handle these situations then better make yourself sustainable.Dont mind about losses because its normal but its better to lessen it out as much as you could.
Being afraid is normal but once you do able to have a good grasps then you would changed up your impression.

New investors may not need mentors if they are able to trade on their own with proper prediction or insight. The fear is about losing money or putting money in projects which might end up as scam. This cannot be eliminated completely but reduced by investing in well known and top projects and not shady shitcoins.

There are investors who make money without a mentor, if they have that mindset, so it can be good, the only reason it may be bad is that sometimes mentors are themselves shilling projects.

Yeah you need to trade on your own in this market and learn the basic things instead of looking for someone to guide you.So as a newbie you should invest in top projects like bitcoin only and stick to it for long term or better is to do DCA investment with all the money you want to put in at regular intervals that will give you more profits in future.

I am not sure if this plays a big role in why people are afraid of Bitcoins. It's true that our upbringing plays a big role in what we are afraid of and what not. For example, if our are parents and grand parents where too afraid to invest in stocks directly and let rather the bank decide on the investments than it's likely we as kids will do the same. My grand father was always very interested in stocks and liked to choose them all by himself. As a kid he gifted me my first stocks and that is probably why I became so interested in investing and trading. For me crypto currencies is the new form of commodities and currencies that everybody should be invested it. I am not afraid and hope that over time more people lose their fear of the new unknown. What makes most people afraid to invest larger sums in the bitcoins and other coins is the volatility in my opinion. If you look at the bitcoin price at the start of the year it was around 40.000 USD and 1 year ago it was at 60.000 USD, and 2-3 years ago it was at 10.000 USD. This big volatility scares of some potential new investors who likely wait for bitcoins to reach a more stable era.
   

I agree with you, in my opinion, being careful is very important but don't be too afraid to try, but the most important thing in my opinion in investing is to relax your mind and be calm in investing and also not to be a coward, investing must use money unemployed, so the mind will be calm. and I speak based on my personal experience.

Well, the truth is that the crypto market is risky which makes people afraid to invest in it.
Those who have the guts to take risks and are willing to lose their money will certainly take this opportunity. I don't urge those who are doubted and negative mindset as it was the main reason why they don't try as they will just quit and leave crypto.

In fact, a lot of people have tried crypto but because of their negative mindsets, they are easily influenced by FUDs and go. Just think about that crypto investment is not for everyone, the same thing happen to other investment.

Negative mindset and easily influenced by the spread of FUD is a mindset that is owned by novice investors or traders. But those who already understand crypto and its risks, will be able to survive and not be easily influenced by negative sentiments that are trying to destroy crypto prices.

The higher the risk, the higher the profit. Actually, the risks in the crypto market can be handled well if you understand the pattern or cycle of cryptocurrencies. Crypto investment is not for everyone, crypto is only for people who already understand and understand what they have to do.
Currently, the level of crypto users or crypto investors is increasing, and even the popularity of crypto money is able to compete with the stock market

Bitcoin is way more safe than any altcoin for a newbie if bought at the proper price and time. If the person is patient enough to hold bitcoin, they will see big profits on their first investment in crypto and not wish to put money in any of the altcoins. But since most newbies want quick profit and quick gains, they go for easier bought altcoins which fail to recover even the buying price.

I dont think the term "coward" is the proper use here. Being diligent is rather the thing, because every person is afraid of losing their money and there is nothing wrong with that. But putting your money in a risky place without doing any asset management is fatal. Would not want that to happen to someone just because they were not "cowards". So better to do your research and invest wisely, or not invest at all.

People are afraid because they are taught to be afraid since childhood, what kind of fear?
My parents taught me when I was little to save to protect money and also invest to make money work, because back then they didn't know bitcoin and if they knew they would teach bitcoin and invest in bitcoin, because bitcoin is the safest place from bank or other. And completely controlled by ourselves.

Maybe it's a good thing to be afraid to invest in bitcoin, it's a natural protection. In my opinion, buying bitcoin is speculating. Investing means building apps on top of bitcoin or injecting capital into bitcoin startups.

People are generally afraid of what they don't know and unsure of.
Crypto is  highly volatile and it takes one with a strong will to delve into it.
People are afraid they will lose money and you wouldn't blame them for that. You and I have had our own fair share of these loses, but yet, we are still in the cryptocurrency space.

There are various proofs that being afraid comes with good things and it is something that everyone has ever since we were born. It is also something that we share among any kind of living being and it provides us with natural and raw protection from anything we encounter. Fear is not something that has been taught to us but rather we overcome it every time we learn something such as if we don't know something and are afraid or hesitant to even try it.

Just like on any investment, we can relate our feelings when we first started as we doubt ourselves if it will be profitable or not which is why we are very hesitant. However, once we took the risk, we will be able to overcome our doubts through the knowledge we acquire on every investment we take. I can personally attest to this as I was also very hesitant and doubtful before investing and trading crypto but through loss and gain, I was able to assess each situation with various experience I've learned along the way.

Would really be just part of human instinct on getting afraid on something that we dont know or actually make out some dealing on something that we havent encountered before which does simply means that whenever

we do already have the experience and awareness on how it do works then this is where fear would gradually be subside, and make up things and decisions whether we would continue ourselves to get involved or simply

wont really be touching it specially into those people who doesnt really like volatility in the first place.You would definitely get afraid on something which you hadnt experienced before
and since we are touching up money or investment then risk would be particularly needed.

Negative mindset building not only by investing in cryptocurrency but also on real investment actually they don't have brave for investing and always think forward if their business failure and loss much investment. Before become investor whatever kinds between Bitcoin or real business preparing positive side from investing and preparing about risk later with losing is better than face reality later at Bitcoin investment have many FUD or bad news every time. If can't building with positive mindset when investing in Bitcoin actually some one not have chance to earn profit, just drop few percent have been panic to sell.

This most important points why I liked investing in Bitcoin because higher risk get higher profit return later, different with real business or investing on property and gold because can't return higher profit in few months and need waiting several years later to get higher return profit in this kinds investment.

We can see it also from the people around us.
Most of them are afraid to invest in Bitcoin surely because of the FUD or egative news by the media. You know how Medica can make something to be worse ever right? that is why many people trust more media moreover the national media.
Additionally, they are also not sure about the investment in Bitcoin because they think that BTC is not real, only a number in digitalization. That this may make Bitcoin lost ever.
They also still think about how can invest in something not real, without any backup behind the number.

Media has a big role to spread information and awareness to people but we cant guarantee that all of these informations are facts and not bias. If they spread negative things about crypto this can affect the mindset of the people (specially those only relying on news and dont have internet to verify the information).

Just like before, wherein Bitcoin is used here as a tool of scammers to scam other people. Even Bitcoin is not scam and only use as tool, it has a negative impact to its image and people who have lack of knowledge and didn't not even bother to investigate further have this impression to Bitcoin as scam. Well, we really cant please everyone to believe, because if these people are interested they will do something to know the facts.

Yes, fear has made many people to concluded that investing in Bitcoin is a scam some years ago, because their government did not give them the opportunity to know what Bitcoin is all about to humanity. I guess, those countries that made Bitcoin legal in their countries some years ago are doing well in all areas of their economy, and their bitcoiners are no longer afraid to make Bitcoin their choice in this bear season, which is a precious season to those that will use the opportunity to buy Bitcoins and hold for future purpose.

the reason people are afraid to invest in bitcoin is because they are afraid of losing, and because the value of bitcoin is unstable
not because of education, even when I was in school, the educators taught me to invest from an early age so that in old age I don't think about work anymore for a bite of rice, where old age is the time to reap the rewards of our investment

Unfortunately, schools don't provide knowledge of marketing and dealing with stocks.
Only business degrees start to unveil the truth that many people thought of a big deal.

Ads of these companies above you mentioned, Binance, etc have their ads running on youtube, which are good in my opinion.
Again but having a hardware wallet is better than having running one on the internet all the time.

It's not up to the government to let them know or have a go signal to study bitcoin. Everyone is free since then up to this moment if they're going to learn about bitcoin, yeah, just learn about it without the requirement of investing in it on an instant.

They've just seen how good bitcoin is and they understand what it is. Because before, they haven't seen such technology and cryptocurrency that can empower people and at the same time contribute to an economy.

Because negative news from the government and famous celebrities in the countries where they live may also be a serious consideration for everyone who wants to invest in bitcoin, sometimes there are also billionaires who are not at all interested in bitcoin even they post negative things about bitcoin like Gates' post last month he said the way cryptocurrencies work today allows for criminal activity, he also said the world is much better without crypto, but for those of us who have felt comfortable in investing in bitcoin, we will never leave bitcoin for any reason.

I don't think it's just fear of them losing money but too much narrative about bitcoin, that's what makes them even more afraid to invest in bitcoin. But now that concern has been reduced enough even though there is still a narrative that corners bitcoin. Let alone people who have not directly dived into bitcoin investment, sometimes people who are already here are still affected by widespread negative issues.

Major reason that makes people afraid and stay far from bitcoin and other crypto usage is the scammers. Mostly newbies get trapped by scammers, and makes those new to crypto people stop their interest on cryptocurrency. Further these people spread what has happened to them, and this will surely make a negative image on cryptocurrency.

Media is the most Lying agency we had, they will do anything just to sell their news and story even if they need to fool everyone just for the popularity and views so lets not get further in trusting all media outlets because there are only few that matters best.
people tend to believe in what can bring them big profit and this is why bitcoin is commonly  used as scamming tools but without greed and stupidity? i think there is always small chance for us to become victim.

Indeed, I have also been afraid of being scared by someone. and that person forbade me that is with the aim that I do not invest in bitcoin.
But after being investigated, it turns out that he doesn't know anything about bitcoin. and until finally I looked for information on the internet about bitcoin, and finally I decided to join the bitcointalk forum, and finally I understood about bitcoin and finally I invested in bitcoin.

The pyramids have been a big influence in this paranoia. Since most of these structures are concentrated, it is in the field of crypto exchanges. But now it is becoming easier to recognize such phishing projects on the Internet, so more and more people are no longer afraid of this. This makes me happy.

To be fair, I think the reason most people are afraid is because they hear more often the stories of failures and scams rather than the ones of success. And I think to be objective also, more people have probably lost money and time with crypto than made profit -- that's the price of reacting to hype and fomo. That's not the fault of Bitcoin, it's the fault of altcoins, and the greed that motivates most people.

The basic understanding of money and greed that should underlie any motivations is missing. That's the reason people are afraid.

I think people are often afraid of the unknown or rather don't understand or don't know at all, it's normal human nature and for other reasons maybe they also know more about bitcoin or crypto scams and a lot of people go bankrupt which is actually all of that wrong.
and as long as there are pros and cons such things will remain, but let it be because bitcoin users continue to grow and develop and also continue to be popular. And this will prove to them because they misjudged bitcoin which in the end they regretted it, and we can't blame them because it's their right because they don't understand it.