Why are they afraid of bitcoin?

[Punisherx100]

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

I think they must be afraid to Bitcoins. Our fear brings us to be aware to the possible threats that can affect us. First of all Bitcoin is not regulated by the government making it very risky, that's why we need to be knowledgeable in terms of crypto currency, especially Bitcoin. We shouldn't engage to something that we are not sure of.

[Xerox101]

Many people already believe in bitcoin, however many people also were afraid  of bitcoin. There are many reasons why they dont believe on bitcoin, best example is the risk on the market price trends, they afraid to have loss on price drops so they were afraid on bitcoin.

[Nenni]

I think, why they are afraid of bitcoin, because of the lack of understanding about bitcoin, also because there are some issues that bitcoin is illegal, because until now there are still some countries that have not legalized bitcoin

[bachthanhtung]

They afraid of bitcoin because they don't understand about it or just know a little bit about it. And almost every gorvements don't like bitcoin so just bad news about bitcoin on TV.

[halenephthys]

Because people are not yet used to this. They were afraid of what it can do. How it can affect our lives. There are people who still don't trust the internet. Also, scammers are everywhere. Everyone are afraid of people who took advantage to someone to gain something for their own.

There are still people who do not embrace this kind of technology advancement. They don't know what it really is and how it really works. We just tend to be afraid to things we don't know.

[worle1bm]

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

Most of people who are afraid of it are those who don't have trust upon it's power and have illusions and negativity like it is scam and bubble and can burst anytime. Moreover btc helps the poor economy to develop and rise upwards for example Vietnam have been helped by bitcoin to boost its economy. So they are not afraid by bitcoin but they are scared of its immense power which they cannot control.

[normanderecho]

They afraid of bitcoin because they don't understand about it or just know a little bit about it. And almost every gorvements don't like bitcoin so just bad news about bitcoin on TV.

I think people afraid bitcoin because of many bad news about bitcoin so people scared to invest and other people did not no what is the  great impact in our life and how to be very useful our lives to using a bitcoin and the most why people scared bitcoin because of the lack knowlege about bitcoin and did not understand people what is bitcoin so people scared to invest and other people did not heard about bitcoin so that people afraid for bitcoin.

[kpcian]

It's true that most of the people are becoming afraid of going down of Bitcoin price, I think this is all about lack of belief about this platform. I think if you don't have proper belief on this platform then you can't be with this system. but the scenario is getting changed and people are getting engaged in this platform.

I think they still think Bitcoin is a scam but they don't have appropriate knowledge about this platform, I have a strong belief that Bitcoin and this decentralized system will rule the monetary world. it will be the most influential currency in the future.

[Cholidm]

most people are afraid of bitcoin because bitcoin is virtual money so assuming they are virtual money will be easy to get lost or hacked with a lot of news coverage of certain countries doing bitcoin banned, another reason they are afraid because of the high value of this virtual currency so that if it loses quickly loss of capital money is also large enough

[pugman]

Change in Humanity? Nah. Humans are assholes,mate. They would remain to be so.
Bitcoin is just,a thing,which a few people "like" and use it for ,I don't know,to get rich? I see no other reason why.
Why are people scared of it? Well,we all know that,they don't know anything about it and they don't want to risk their money into it. They are afraid that their stupidity will lead them to lose all their money and they instead want to blame it all to bitcoin,its existence,its users.
Some don't like it just because of the fact that it is decentralized,so they misunderstand it to be illegal and they might end up in jail and a criminal record or bullshit.
Fucking people!

[johnlhy251]

They are afraid on it cause this can remove the fiat in every country someday.

[Sand King]

most people are afraid of bitcoin because bitcoin is virtual money so assuming they are virtual money will be easy to get lost or hacked with a lot of news coverage of certain countries doing bitcoin banned, another reason they are afraid because of the high value of this virtual currency so that if it loses quickly loss of capital money is also large enough

I think they are afraid because nowadays scam or phishing is popular and at first when you really have no idea on digital cryptocurrencies you'll really think that this is a scam. But judging wont help, knowing it from the bottom is the key.

[cryptoquality]

People are afraid of bitcoin maybe because they dont believe in it. Elders nowadays dont believe in bitcoin. They feel like it is a scam or something like illegal. Not only elders but also people who haven't known someone who had already earned money just by learning the inside of crypto. Even I,at first,thought that it is illegal but when I found out that my friends are interested to it,I also tried and learn how it goes.

It actually depends on whom we are talking about. Theoretically there are two different group that are afraid of blockchain. First one is governments. Their reason is simple, they cannot get tax from it. Second group is people whom concerned that bitcoin can be used in criminal activities as it is totally anonymous.

[dewynijhof]

it is normal to see the reactions of people is unpredictable, not anything new can be easily accepted by elder people, they affraid bitcoin is scam because there has never been a digital currency that can rise too fast in such a short time, they think earning money from crypto is illegal or MLM, so they affraid and don't want to use bitcoin.

[retnoanjani]

it is normal to see the reactions of people is unpredictable, not anything new can be easily accepted by elder people, they affraid bitcoin is scam because there has never been a digital currency that can rise too fast in such a short time, they think earning money from crypto is illegal or MLM, so they affraid and don't want to use bitcoin.

Yes, you are right. Cryptocurrency is a new thing, many people who underestimate. We can not force them, so let it happen, it's important we do our best here. Though this is a great opportunity, as a modern society we should be able to adapt to this development.

[eifer0910]

Maybe they are afraid if bitcoin because they are scammed before using bitcoins thats why its hard for them to trust again. Maybe they invest in bitcoin then it suddenlt goes down and their money is in trouble now but if your trully a believer then you will wait and earn.

[megatrix]

They afraid bitcoin because of ignorance. 150 years ago, people afraided of railway and train, 100 years ago, people afraided of alternating current. There are people in all ages afraid of new things.

Or you could possibly say that they are afraid of bitcoin because 'scamming' are popular nowadays. That's probably the major reason why. You can't blame them because there are people who hardly believe of earning crypto currency or bitcoins. You cannot force them to believe like you do and we just have to respect them.

[Spanopohlo]

They are afraid of the big change in our economy when the time of Cryptocurrency is upon us, they have so little knowledge of what this coins can do and what are their purposes and values and how do they work. They are afraid also of losing their money because they consider bitcoin as a Scam and others gave all their negative comments about it, making them to avoid Bitcoin at all cost. Others are afraid of their wealth going to a non-solid possibility of coming out with a huge profit and are nervous at to where their Coins will go.

[aray80]

Perhaps what makes people afraid of bitcoin is that they do not believe in it. They think it is a scam or something like illegal. Not only the elderly laity Even at first I consider it illegal but when I know my friends are interested in it, I also try and learn how it goes and now I understand the fear more

[RoadToBTC]

Perhaps what makes people afraid of bitcoin is that they do not believe in it. They think it is a scam or something like illegal. Not only the elderly laity Even at first I consider it illegal but when I know my friends are interested in it, I also try and learn how it goes and now I understand the fear more

yes most people are afraid of bitcoin is because for some countries it is illegal, and even the government interferes with bitcoin, because the government is afraid of not being able to control the movement of bitcoin versus local currency. therefore many people are afraid to enter the crypto world...