Why people fear about BITCOIN

[Bitcoinismylife12345]

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First of all, they fear because they don't know much about bitcoin or about how bitcoin works. Second because government didn't approve it yet, they said that bitcoin  is not good for all of us and it is illegal. They also known bitcoin is mostly used in deepweb and blackmarkets.

[rodel caling]

because bitcoin is a new technology that is different from anything we have known so far.
because it is decentralized and nobody controls it.
because the price is volatile and that makes buying it risky.
because it has a lot of enemies including but not limited to banks that attack it by spreading lots of false information that creates panic.
because most people are too lazy to do some research and see what bitcoin really is and prefer to continue using the old familiar things instead.

this the reality answer from you mate, the proof is many times bitcoin faces the problem because of this capabilty as first digital cryptocurrency the question the strongest bitcoin stability, alway people panicking if the bitcoin price are on dump situatoin thats the reason people fear to invest in bitcoin

but i believe for bitcoin and if the people understand the bitcoin have strogest capability any problem faces by bitcoin still in ontop among us in crypto world
and investment if bitcoin are have huge return profits.

[akram143]

The people fear about the bitcoin is due to its unstable prices the price will swing in bitcoin like the price will fall $2000 in a single day and price will rise also.So the people feels always insecure about their investment.

[Ikay]

The other people dont know about bitcoin so we need to discuss about bitcoin to other people to help them and to understand what is the bitcoin but they still some people fear about losing their money.

[ActiveMars]

There are great count of reasons:

1. Volatile price — nobody want to risk (except investors)
2. Decentralization — if goverment doesn't support cryptocurrencies, all risk are lead on you!
3. Rumors — people think that bitcoin and othe altcoins are only for crime business and freaks)

[bakerlisa510]

We don't fear we are fond of BTC BTCBTCBTCBTCBTCBTCBTCBTC

[AntonDrobot]

Conventional money transfers cost money, because you need to ensure their safety, keep records and check the absence of double payments. For this intermediaries take a considerable interest. Moreover, it is the interest from the cost of translation - as if $ 100,000 is 100 times more difficult to transfer than $ 1000.
With the help of Bitcoin, you can transfer funds to anywhere in the world for a scanty cost, independent of the transfer amount.

[RoadToBTC]

When Bitcoin first emerged it was a novelty for geeks and computer nerds, a weird kind of internet money and then a means for criminals to laundrey money. Slowly but certain with a rollercoaster of ups and downs in the Bitcoin market bitcoin recently hits an alltime high of 7000 dollars. Taken notice of the critics but just keep trucking on, getting punched and beaten up but never laying down. bitcoin and the underlying technology Blockchain are both forces to be reckoned with and are here to stay. Bringing some regulation to the cryptocurrency is inevitable. Granted that bitcoin and cryptocurrency can be used for criminal activities so can Cash. And I never heard one politician advocating to ban cash.

[newgal2017]

Because of the misconception. There are people who look at the bitcoin as a threat or we may say illegal, I know a lot of people think about bitcoin as a scam they said that "How are you able to earn money with just internet?" so they conduct that it was a scam and some of the people like my friends thought that bitcoin can be used only in buying drugs, hire hitmen etc. (Illegal purposes)

And yeah the answer is they don't have that much knowledge about bitcoin and cryptocurrencies.

[MJunioR]

First, is a new thing for us, there's no precedent to help us predict the future, then you see, volatility makes anyone afraid and as we know, people aren't fans of this.

[lukmankhan25]

it's because bitcoin prices are very fast changing. because people around the world sell and buy it. and now bitcoin is increasingly in demand to rise rapidly in recent years. and the more famous bitcoin the more you want to drop it with the negative issue about bitcoin

[BlackPanda]

Some people who are afraid of Bitcoin are actually those who do not know Bitcoin well. I as one of the people who have understood Bitcoin then feel that Bitcoin has many advantages over others. those who are afraid are those who do not dare to take risks and also do not want a change in his life. when there is so much real evidence that Bitcoin has changed many people's lives for the better. Bitcoin has helped a person's economic situation get better, mindset for people who fear Bitcoin should be changed immediately because it will affect their lives in the future. Bitcoin is a new technology and everyone should be able to make the most of it. Never be afraid of the new Techonology because basically Bitcoin is a technology that helps all the financial transactions we do.

[Flowzer]

I think those who are afraid because they do not know bitcoin clearly. they just assume bitcoin is a digital currency that can change value or lose its value at any time. but if they know bitcoin is a profitable investment they will turn to invest in bitcoin. although bitcoin is in digital form, bitcoin has a very nice feral beyond fiat money. maybe you should try investing in bitcoin and look at it in the future .. i am sure you will be a millionaire

[CoinFoxs]

Because they think that bitcoin investment is highly risky, they don't know the fact that bitcoin is most stable and profitable digital currency. The fear is just of losing money.

[mambavrogs]

its a matter of unpredictable prize, bitcoin has a high value but they afraid to invest because its not legal,

[Nanda Dewi277]

its a matter of unpredictable prize, bitcoin has a high value but they afraid to invest because its not legal,

yes really, actually the people in my country are interested in Bitcoin but the government does not legalize Bitcoin so if they are Bitcoin investing then it is considered illegal.

[andron8383]

Bitcoin is uite good stuff and it can breake some current power structue.
Central banks can rule wolrd becouse of money control and this is big.
Bitcoin can  give people opportunity to free themselves.

[azhar700]

one of the factors that make one afraid of bitcoin is price volatility, can not be controlled by anyone. And I think this is a new technology that is still being developed, there are still many people who do not know the technology, and what benefits can be given by bitcoin on its users. This is natural, but it may be that someday people who previously fear even become bitcoin users as well.

[Rasel5209]

I don't tell other people sometime I fear about bitcoin price. one day ago bitcoin price fall 7.2k-5.7k but today 6.8k price. other many people victim in hacker it's main cause for fear.

[rb26]

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I think it is not bitcoin that people fear of, but those people who uses bitcoin in criminality. They don't want to be a victim of those scammers that uses the new technology and the internet that is why it is very hard for them to accept bitcoin. They are afraid to invest in bitcoin because they think it is very risky. So you cannot easily bring them to business but it is still possible. I think they need proof of profits form bitcoin so you should show them your money gained from bitcoin.