Why are they afraid of bitcoin?

[Jaya912]

The first thing that comes on my mind on why they are afraid especially the government due to the fact that the transactions can be seen by the public so meaning corrupt officials cannot bank the money that they will get and also one of the reason is others cannot adapt the innovation of technology.

why they can not adapt? i think its not good reason why they are afraid with bitcoin.
adapt can be done if we want to accept anything for our better future.

[Boybugwal760820]

People are really afraid when they hear the word bitcoin and most especially if you will convince them to invest to bitcoin because for them bitcoin is just another  form of fraud or just a pyramiding scheme in which it only serves to rob your investment just like the rampant scams that happen in the internet which almost all of them are investment scams that's the reason why they are afraid in bitcoin.

[boboi]

People are afraid of the unknown and will assume that the status quo will always be there. Fiat is as dead as newspapers or floppy disks. Technically they still work, but they're big, clunky and unnecessary. Both where replaced by one thing. The internet. Now we have the internet of money, and the banks aren't on board because they can't control it. Much like how the internet can't (fully) be controlled (yeah I know I know, net neutrality).

[Alpha0One1]

Government and financial institutions are afraid of crypto as it is decentralizing money as we know it.
Money is a form of crowd control and they are afraid to lose control of the crowd.

[zitao]

The government will have an impact on the bit coin on the banks.Because more people use bit coin, more private companies will have to accept a bit coin.This means people who are less likely to make domestic payments will invest more on the bit coin.Bit coin habit increases if domestic payments, government and banks have a setback.

[bakulsandal21]

There is no doubt that block chain technology is a new driving force in this century. The government and banks fear bitcoin to take away the interests of them, so it will exclude bitcoins. I think it's just temporary.

[bts378]

Maybe they are afraid that they might be scammed. And mostly, what we see in the internet that talks about money is we also have to give money first in order to earn money. Also there are a lot of negative stories about bitcoin.

[kobop]

When one has been given the freedom in the economy, automatically the growth gets progressive around the country. In specific more the tax levied upon the citizens, more will be the corruption taking place. In majority of the countries corruption keeps the economy down, so similar issues can be sought with ease.

[Hube950]

Its one of the things in life.... We fear what we dont understand. We fear without willing to kill the fear later on. I just believe people that dont know much about bitcoin are the ones that will be scared as a result of negative news or reports they might have had..... but how long will u keep getting scared. u have to make a move first and see if its truly scary, then u RUN

[santieevanz]

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 ..........

One of the reasons why other people are afraid of bitcoin is because of not having enough knowledge and lack of experience. Most of the people will think that we are going crazy for something that doesn't have any future, but we can't blame them for having negative thoughts about cryptocurrencies. I am glad that the student of political economy can understand the block chain which result of believing that crypto currencies will be the next alternative currencies. That's a good news anyways. Widening the mind for adapting digital currencies.

[Xcode7]

The absence of people who set bitcoin. fluctuating prices of lost risk that can not go back and many more issues that make bitcoin become feared by some people. besides bad news in the media

[tot-o]

Many people are comfortable farming on their farm, using their money to buy technology and fertilizer for the farm, many are afraid to invest and farm on cryptos because they are afraid on losses. And since they are already conformable with the cycle of their life and income, they are afraid of trying new things that might destroy their happy life.

[emulsifryer]

Why are u think that they afraid?
Maybe they all have mining farms in their gardens...

I think they we're afraid because last month the price of bitcoin is very low and they might not recover to the money they invested, but for now the price is stable at the market i hope last time won't happen again.

[wowbit123]

Why are u think that they afraid?
Maybe they all have mining farms in their gardens...

Everybody if they heard bitcoin they think its scam, but why you dont try so you can say if its scam or not. In this world we try everything until we say its over. So dont be afraid if you enter the world of bitcoin.

[veroniquee]

its nothing surprising as It was ought to happen because still dark business and hacking is going on in the btc

[jeysonserafini1]

its nothing surprising as It was ought to happen because still dark business and hacking is going on in the btc

It's all about technology and hackers always attack them of course but they rarely happen and only focus at the rich one or the big one not us. So why they're afraid of hackers when they don't have any purpose to attack us ? The normal one?

[Shakiramae]

Because evebody afraid to become a victim of a scam,thats why they afraid to get there self to this project.But if you want to become one us,let go your fear and face it.Be open-minded on what the bitcoin community are.

[jeldzrey16]

In my opinion, bitcoin is now coming up in every country and invading the REAL MONEY WORLD changing into CYPTOCURRENCY. But ofc, there are doubts using bitcoins, it is very rsiky beiliving on internet since there are many fraud and scammer running it. People are afraid of Bitcoin because they think it is a scam and just a waste of time and make you fool looking. What can i say to those people who are afraid of bitcoin, Once you taste it, and like it, youll eat it, and that is bitcoin!

[Fahad Iftikhar]

Why are u think that they afraid?
Maybe they all have mining farms in their gardens...

well cryptocurrency has the power to change the face of the world economy. its not just about bitcoin or ehtereum, all those altcoins with proper platform of providing their usefulness is what has astoned the rich. so they fear that this would provide each and everyone a platform to grow rich and establish a balance in the world, which they dont want. because if that happens, how will they feast on the poor/

[muhammedb]

yes, many are afraid of bitcoin because they don't know it, they just take for fraud and the most funniest thing is that they don't even take there time to study and know about it, what you don't know automatically you become an ignorance of the thing.