Why people fear about BITCOIN

[azguard]

They are afraid of something new. Bitcoin is like that. New innovative and secure. This is something that they need first to accept then it will be easier for them to not just use bitcoin but to accept it as something that is not just thing for trade.

[Batmain]

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.

people are afraid on something that can grant them freedom yet they want to taste it.

What I fear is that BTC might have the unshakable technology now but still even some technology back in the days is thought to be uncrackable but now it's just a piece of cake. Someday might come that the blockchain will be outdated, downgraded and other technology will replace its place. BTC will be useless.

[fredo123]

Bitcoin is very risky, because when you put all your money in bitcoins and there's an instances that your btc account was robbed or hacked, we don't have the insurance to recover all our investment.

[no0dlepunk]

Lack of knowledge equals fear. If a person does not know a lot about bitcoin, he will definitely think of it as a ponzi, scam, pyramid, etc... However, if you are equipped with what abouts then you will definitely invest to it as hard as you can. Same thing happens with ICOs, people nowadays are scared to invest in ICOs because they are afraid of the devs running away with their money - that's why you need to read the whitepaper, and then decide with confidence. Start your ICO journey with the world's first (almost) risk free ICO, the Angel Token.

[Phyton76]

because bitcoin transactions are like anonymous although they can be trace, but people are afraid of that,
and banking companies do not like it

all already know the transaction is very safe  

Some people fears bitcoin because of some issues regarding the bitcoin. But despite all of its economical advantages, it still definitely has a lot of downsides due to crypto currencies being in a very very early stage of development. There's going to be a lot more "political" conflicts and there's going to definitely be a lot more factions in the future due to possibly alot more disagreements on various issues and solutions.

[andiko]

I think this is due to the fact that bitcoin has not yet been adopted by many states, and in some is still locked up.

[Fancyax]

Bitcoin still not popular worldwide. People avoid things they don't understand. I think high volatility also makes people afraid to loose money.

[equator]

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The people who dont know about bitcoin and its technology are the only persons who are fearing about Bitcoin other then that who ever after knowing about the advantages of Bitcoin have loved it, and now they are earning nicely in this crypto world.

[Catch-22]

For me bitcoin is still unstable and volatile.  That's a main concern in any investment.  For instance, for the past two weeks, bitcoin has increased and fluctuated in ways that you cannot imagine.  As an investor, you have to continuously monitor the value unlike other financial investment where you just need to put your investment and wait.

[DMC_Ken]

People fear about BITCOIN, because some ICO's are fake and scam, like investing their bitcoin so they can get some profit, but they're not totally scared at all they're just want to be careful so their money will not vanish

[Sophiea]

Maybe people have fear with bitcoin because they have still no knowledge about it and also background so that they afraid if they will invest their money

[Hunter1981]

people have fear about issues connected to bitcoin , like volatility , lack of regulation and adoption . Our government is not very supportive of bitcoin and other cryptocurrencies because it can not be control by them

[liseff3]

Because, bitcoin is still facing questions surrounding its legitimacy and security. As investors and adopters fear a major government taking decisive action against the currency, any signs that government figures are considering regulation can impact its price.

[dewi91]

Because the people just believe to something real, they are assume bitcoin is too risky to become Investment and they are prefer to Investment their money to something real like real estate and many more.. eventhough bitcoin have a high price, that's didn't make them interested about bitcoin..

[ranggawulung]

People are afraid of bitcoins, because they do not have enough knowledge about them. They receive all information about crypto-currencies from false media and TV. Therefore, they are bad for crypto-currencies, seeing in this big risks.

[Pusesu]

People do not fear bitcoin they fear the fact that if they invest in it they will lose everything but i would say start learning a little bit about bitcoin before investing because maybe you can download a scam a wallet and lose everything you have in it.

[Fatunad]

Because, bitcoin is still facing questions surrounding its legitimacy and security. As investors and adopters fear a major government taking decisive action against the currency, any signs that government figures are considering regulation can impact its price.

Its one of the reasons but i would say the main thing why do people is afraid because of its volatile price and they cant able to use it on offline shops just like what we are doing on our local fiats.There are lots actually which as you said security and legitimacy is still on question. This is why for those people who do decide to risk into bitcoin have experienced rewards because of the earning opportunity do it had. We should not really fear on investing on bitcoin because it does really have the potential but we must be sure on investing the amounts that we can afford to lose up.

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Here in Philippines many of us are knew about bitcoin because of its popularity. BUT does not mean that all of us too are agree about the essential of bitcoin. Some people are wandering about the power of bitcoin and the money that we get from it. They that it was a scam that trying to get all our personal information after we sign up on any kind of sites so that they could have fear on bitcoin..

[Dart18]

There is just too much negativity around people when it comes to the word "invest".
They already think it will need a lot of money or it will be 50-50 percent chance that you will profit or not.
In short, they think they could lose all their money or win at a higher amount.
If that could be changed then it will be easy to invite people to use bitcoin.

[senne]

People do not fear bitcoin they fear the fact that if they invest in it they will lose everything but i would say start learning a little bit about bitcoin before investing because maybe you can download a scam a wallet and lose everything you have in it.

But more than that, people are unable to understand the working of Bitcoin and a greater reason among all is the unclear intentions of government against Bitcoin sue to which people still don't consider it as an investment commodity. Also, there are many anti myths against Bitcoin in the market which also degrades it value further. Only with proper knowledge of Bitcoin such fear can be removed.