Cryptocurrency Phobia - new social phenomenon

[btcprospecter]

People will always have problems with bitcoin and crypto currency, people with lots of money want to protect what they have and people without are afraid of losing what they have. When false news on bitcoin hits it affects both groups.
If you can spend bitcoin and crypto currency like any other currency the same as fiat what's the difference? It isn't like when you travel to other countries you don't trust their currency.

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[Thadeous]

It is not a phobia, it is something artificially engineered and it is related to two phenomena: regular people having no knowledge on those topics while at the same time media boasts FUD. The media action seems to be well organized and executed by somebody interested in people believing in FUD. In my country, for one thing, there is even a central bank maintained webpage devoted to bitcoin threats.

I agree. But the main problem isn't the media spreading FUD and being dishonest, it wouldn't be an issue if people were able to think by themselves without believing in so many lies and exaggerations without hesitation. It proofs media has too much power over people's minds yet, however, it's slowly changing as people start giving more attention to alternative medias on the internet and searching for the true of facts.

Real stories of people who are in Crypto-Currency world is the best way to make others exit from the matrix.

Agree, the media is too much biased nowadays. I feel bad for the 'regular' user they just think that is the truth without researching further about it. And also I believe some panic seller who easily affected by FUD is due to lack of well-understanding the subject.

'Regular users', they don't have any alternative, i.e. other sources of information easily accessible. After you have become knowledgable you know where to find particular in-depth information (you know of this forum, as an example) but before that you depend completely on the mass media and their FUD.

Information has never been that accessible as today. Mass media provides us with Fast Information which is similar to fast food: smells tasty, requires no cooking knowledge, but you never know what's hidden inside.
And crypto is all about information which rapidly changes daily. So people should choose between personal research and talking heads that have no idea about the crypto.

[zubrr51]

I agree that crypto currency is really a social phenomenon that can change the perception of the world and make it more interesting.

[Bugsy22]

The more various opinions I hear about Cryptocurrency, the more I realize that there is a new kind of phobic hysteria, which appears literally about everything related to Cryptocurrency, e.g. mining, trading, ICOs or lending.
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?

Ignorance is not always bliss; sometimes it looks more like curse...

[looking31]

As more people adopt new ways of transferring value, markets of all ... cryptocurrency phenomenon but simply do not know where to start. ... cryptocurrencies, and information began to spread on social media and the press.

[RusellTim]

It is a fear that a malicious and terrible hacker will steal money from your computer. The next is common for all coders, and it is the fear of electronic money collapse. And although we know that electronic money is not a bubble, but somewhere in the depths of the brain, we are afraid of this. I think to blame here is the mainstream media that Usually tagged on their title like Bitcoin / Crypto as a scam but if you would read the article there would be no correlation of Bitcoin being a scam. Well-known investors and economists have not been persuaded in electronic money. People are afraid of what they do not know and how many people operate Cryptocurrency. I have noticed this phenomenon myself and I discussed it recently with a friend. The funny thing is that it's especially smart people trapped in this cognitive trap.

[george888055]

Bitcoin is primarily a benefit for those who are well versed in it , as well as scammers are also people who know what to do and how to confuse other people.

[bazoka17]

I have not found users who have been harmed by bitcoin. I know that the loss experienced by bitcoin users is because they themselves cannot store bitcoin, like losing bitcoin because of inadvertent bitcoin. and I think the benefits of bitcoin are more than fraud. so I say that crypto phobia is actually what we make it. In some cases people provide an interesting foundation regarding the risk of cryptocurrency and instability. But in many cases, their negative conclusions only sound like: fraud, fraud, and other "cruel" statements.
I think this phenomenon is spreading fast enough.
What do you think about that?

[Zadeket]

But this is not that relevant to be honest, i think that all the people that wants to buy bitcoin are going to keep doing the same for a long time, and all the others, will just stay on the other street

This phenomenon surprised everyone, especially bitcoin observers. Nobody estimates that the price of bitcoin will reach thousands of dollars in just 10 years. People who trust bitcoin eventually become millionaires.

[leexhin]

Seems like this would be occured by the people who lost a lot in crypto,
Who risk too much and ended up losing .

[Calantha5635]

When prices fluctuate, panic starts and it spreads very fast. Those who join the bitcoin community are entering without knowledge they are seeing fast money which is not good for the community. I hear more and more uncertainty from secret and desperate news from cryptographers in different Telegram channels. But this does not involve honesty, I think all those who want to buy bitcoin will continue to do so for a long time, and all others, will just be on another street. Because I also see it in our country. That is because they watch the news in the mainstream media, where the media involves electronic money in the scammers. Well, we can not blame them because when I myself do not know bitcoin and see the news, maybe I will not go into bitcoin. People will always have problems with bitcoin and electronic money, people with much money want to protect what they have and people without fear of losing what they have. If you could spend bitcoin and electronic money like any other currency like fiat, what's the difference?

[alternatyomega]

The growing popularity of electronic commerce has led to the phenomenon of phishing. For those who do not research in the field, it is certain that they are the prey for these fraudulent activities. When Bitcoin came to the throne, Bitcoin scams were so sophisticated that so many were cautious but still trapped by them.

[Johnzky]

haters gonna hate bro. one thing I'm glad I learned is that people are for the most part full of shit, you shouldn't take them seriously. don't try to show them they are wrong; let them stay comfortably in their ignorance.

Atleast you are being kind as letting them be killed by their ignorance lol

This is a worldwide phenomenon so everything is possible to happen about being inside crypto community

I would choose to lose than having a phobia by engaging cryptocurrency.and for the others this must be told so the might choose what path to take in profiteering

[Elerntta]

It's just lack of knowledge. Many people treat cryptocurrency this way simply because they do not understand it. That's why they make up stories about fraud. And I do not know how to deal with it, because to convince people to the contrary is very difficult and often impossible.

[Urbinklin]

You are right, it is quite possible to call it a phobia because many people are afraid of what they do not understand. Therefore, they begin to hate cryptocurrency, telling everyone that it is a fraud. And they themselves sincerely believe in it, even without properly understanding this issue.

[bitvelk]

The most interesting thing is that most of these bitcoin haters do not have any decent argument that bitcoin is a fraud. They just tell you that it is a bubble and it is not necessary to believe in it and invest the money, but the reason I can not explain.

[tiktak89]

I fully agree with you, most people just hear the "authoritative" opinion about bitcoin and repeat it, even without understanding this issue. So skepticism around bitcoin is born and develops.

[CryptoGosu]

Many people have lost their money. Many have become afraid of cryptocurrency. I think if you buy cryptocurrency, then this should be interesting for you. Then you are not so worried about the price drop.

[EllenSmith]

I assume the loss in bitcoin  due to personal security is not good. In general, the benefits that bitcoin brings are far greater than the losses

[cryptohunter]

to be honest the OP posted this before the biggest wave of cryto investment and interest ever happen yet.

so let's not be too worried.

however constant scams will eventually get crypto a bad rep with those who are not able to do their own DD.