Why people fear about BITCOIN

[Polonium]

People fear what they don’t understand, bitcoin is just like that, it is a new idea and people are still skeptical with putting money in the internet and on top of hacking incidents of many internet sites and accounts. I think the best solution is information dessimination to the public what bitcoin can offer.

[ChristianPogi]

It is because the technology itself, they fear that they can't understand how bitcoin works, or maybe they're afraid of scam. Other people think bitcoin is a big scam, but they don't know other people use bitcoin in a way to scam others.

[jam22]

People is afraid of BTC cause it might be scam or jus a waste of time but it is not really true.

[gundala]

because some people are not ready with the development of digital payment technology. In addition, bitcoin does not have an independent agency that handles all kinds of complaints, because bitcoin is decentralized. so some people are afraid of the risk of fraud

[datodota002]

some people are afraid of bitcoin because the price is very volatile and can not be predicted, there are also some people who are afraid of bitcoin because its function is in the wrong function as a means of payment for illegal things. but it all depends on how each person responds

[Gens09]

BTCBTCBTCBTCBTCBTCBTC

I think scamming is the major fear of people about bitcoin. because in the social media world there's a lot of cases where in they we're scammed and do not believe anymore what people talks about bitcoin but if you have a prior knowledge about technologies and online things you know if it is the thing you entered was legit or not for example bitcoin if you know it you will not see as scam.

[hadisaw]

They are afraid because they do not understand what bitcoin is and what is the advantage of holding bitcoin. If only they dared to try new things like bitcoin, they would find a way to success.

[sunsilk]

because some people are not ready with the development of digital payment technology.

They are not also confident about bitcoin, as a digital currency they are solely thinking that the main purpose of it is for criminal use only. They are not taking time to study what bitcoin ready is.

In addition, bitcoin does not have an independent agency that handles all kinds of complaints, because bitcoin is decentralized. so some people are afraid of the risk of fraud

In everything that is not backed up by the government, most of the citizens aren't welcoming it. They will not take part of it as long as they are told by the government.

[azguard]

some people are afraid of bitcoin because the price is very volatile and can not be predicted, there are also some people who are afraid of bitcoin because its function is in the wrong function as a means of payment for illegal things. but it all depends on how each person responds

That can be good reason for fear. From one perspective is someone invested 100K in USD at this moment and in next day bitcoin collapse that is big loss.
Also this can be very good with some other type, meaning that many dont invest directly to bitcoin they put money in some other coins that are no so unpredictable as bitcoin is or they try to invest in some ICO in hope of gaining BTC later in exchange.

[GoldMen]

It is simply a taboo, we are used to walk safe for what we already know, but in a few years it will be a business without fear of making a mistake among the most valuable ones.

[laracastvue]

Some of the people are thinking that bitcoins is scam or is gambling because those person has not been oriented or did not experienced to get money through bitcoins but if you are a believer then you can lean on bitcoins because it does really have a good future.

[chacha66]

The lay person who dosnt know mush about bbtc is afraid because of its price. Also what it is that it actually does. Why invest?
Some of us fear btc because the price has gone very high, i mean some people did say it could one day be worth 1000s but not alot of early miners actually believed this, they sold at $1, 2, 5, 9, back to 2 $. Very few held on  for the whole ride from mining to 1000s.
The banks fear because ....well you know the answer. They dont get to gamble with our money any more.
Politicians because lack of tax revenue,lack of control .
Mormons because it uses electricity   

[hndrk10]

I personally fear Bitcoin because right now the price is too high, and many people, including myself are late to to game, I'd rather buy 1000 coins that cost 1$ than 0.05 BTC. Those coins will eventually be worth $100 and I will make more profit. BTC reached it's peak.

[bitcampaign]

why people are afraid of bitcoin, and in my opinion bitcoin is still a lot of stages with technology that no one can set with the price so it is very risky if it happens on the price system. then some people are still a lot of research with bitcoin technology, whether bitcoin will last long or not as future assets that they will have

[dongosquad]

because they have not studied and tried to use bitcoin or altcoin. if they know that being active in this group can bring profit (with join signcamp), or just share / comment / like / retweet can be a profit, let alone direct trading or investment with bitcoin? bigger profit. surely they will not doubt the bitcoin again.

[crytomusica]

I think some people fear about bitcoin because they are victim in scam, they are fear to happen that again to them. But if they enlighten their mind and know more about bitcoin maybe the fear that they felt will change of trust because there are many story of successful bitcoiner as they can read many thread here.

Different point of view. I actually think fear comes as they are scared that bitcoin will lose value very sharply and they will lose a lot of money.

[Mind Control]

BTCBTCBTCBTCBTCBTCBTC

Who would trust something they do not know entirely? Bitcoin is complicated and involves money, it is only natural for some or many people to fear it. Perhaps some trusted Bitcoin before but had been scammed by someone then gets over Bitcoin for good. There could be numerous reasons but the main must be its association with money.

[weblouartisan]

Actually it depends on the person, Because some of the senators or people that is working on the government hate bitcoins and i do not know why they are calling bitcoins a scam but maybe bitcoins affects their work or business that's why they are creating a black propaganda.

[poscrypto]

For people who know at the same time what Bitcoin is and how the modern banking system works, the reason is obvious.

[chris molty]

How not to be afraid in a few things that may change our way of consummating forever? any change is scary