Why are they afraid of bitcoin?

[Boybugwal760820]

I know that there's a lot of people out there who are still afraid of bitcoin because for them bitcoin is just a pyramiding scheme especially when you convinced them to invest to bitcoin all that will register into their my mind is that it is just like all the other prevalent pyramiding schemes on the internet nowadays in which after you had invested then all that you had invested will be gone in just a blink of an eye.

[james23]

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 ..........

Some are afraid of bitcoin because they don't have any jn yet nor ideas about how bitcoin will going to manage as far

[aghdgv]

They are scared of the same thing because they can not control it, Bitcoin out of their control, and Bitcoin does not serve them, all very obvious.

[bornMercurial]

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 ..........

They are afraid of Bitcoin because Bitcoin is an uncertain job and its value can change rapidly. And Bitcoin also has no party to arrange. This is what makes some people afraid of Bitcoin.

[faranisa]

I think those who are afraid are those who do not yet understand about bitcoin. Because of their minimal understanding then they have not put trust in bitcoin

[dwsgh]

I think those who are afraid are those who do not yet understand about bitcoin. Because of their minimal understanding then they have not put trust in bitcoin

A banker publicly claimed that bitcoin is a hoax, claiming that bitcoin is a frothy scam. Finally, there are others who anticipate bitcoin prices will become very cheap, touching bitcoin right now is a very dangerous thing. The negative impact of this series exacerbated people's fear of bitcoin.

[alexanderisora]

Masses are afraid of Bitcoin because cryptocurrency ecosystem today is not user-friendly. Things change fast, but apps and the whole process (from buying to spending) is difficult and tricky. We need to improve UX of Bitcoin to help new users adopt it.

[cryptokitty]

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.

Yes, there are some people that are very afraid of the latest technology.  They are very much afraid and can't overcome the changes instead of accepting the fact that there is always a certain changes in the environment because there is no permanent in this world and there is always greater things that is coming.

[zaytsevsasha654]

In January there was a drop in bitcoin. The attack has its pluses. People saw the opportunity to purchase cheaper also there are people who did not buy earlier because Bitcoin was very expensive.

[joshua05]

Its really prone how many people arent really fond of this new class of internet banking and its advantages. They are afraid because of the security. Surveys have tackled about bitcoin is being "unstable" "unreliable" & "unsecure", thats the first thing they would say. But if they would open up their minds I dont think they would think it that way.

[itsmesanti]

Fear because bitcoin is so High Price Volatility
Afraid because its not legal in their country
Exposure to Bitcoin-Specific Scams and Fraud.
Black Market Activity May Damage Reputation and Usefulness
and Afraid to take the risk.
maybe there are some more reason why they are so afraid.

[quocsi]

Things that are going on with it make many people feel afraid of bitcoin. Value added is not stable. The recent downturn has left them worried about the risk of investing in it and the bitcoin is not as secure as it once was.

[TorbiK]

The authorities are afraid that because of the cryptocurrency they will not be able to control the population of their countries. People can no longer be slaves to states.

[dnxfgjhk]

I think those who are afraid are those who do not yet understand about bitcoin. Because of their minimal understanding then they have not put trust in bitcoin

They may fear that Bitcoin is illegal and also fear losing money in the Bitcoin industry. They do not know bitcoin.

[BennyK]

This issue of fear is mostly seen with the governments and the banks. They are so much scared of the principle with which Bitcoin works (decentralization). This principle eliminate any centralized third party and allows two entities or people to transact and interact freely. There are no taxes incurred for holding Bitcoins but the banks debit some amount of money even when saving with them.

[Hellas Fos]

Why are they afraid of bitcoin?

Because of these words:

Disruptive & Disintermediate.

[vergel24official]

 Afraid of taking a risk of their money. Some do investing and they are just being scammed. And being unstable of bitcoin are factor, others are not buying coins because afraid of losing.

[prukerohen]

A lot of people see bitcoin as a scam, some kind of HYIP or ponzi scheme that they think is here to scam them and take all their money. This is why the right information is important and also education too about what bitcoin, a lot of people have no idea bitcoin is a currency, they think it's illegal and a scam.

[DenisenkoMaria3571]

Many people do not know about bitcoin, so there's nothing to scare people.

[zrock21]

I am really surprised on the very high value of bitcoin. Back then, it was not given a full attention but it shocked all the people especially investor when the bitcoin really increase its value