Why are they afraid of bitcoin?

[doblok]

many things cause why many people are still afraid because bitcoin is not yet legal in my country and still a little shopping place that accept bitcoin besides that there are still few people who understand the system works

[oni4an]

Fear because they do not want to lose power. Because Bitcoin is a decentralized currency, it has no single center and it is not possible to manage. And our economy wanted to print money and put them in circulation, and with Bitcoin it will not work.

[Pakwan12]

They are afraid in bitcoin because  they don't want to lose there money in investing.

[BitcoinBoster]

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 ..........

Yes, these are excellent technologies that can even in the future replace the usual currency, it would be much more convenient to use such a payment system

[Leyss]

Governments are not afraid, they are afraid of bitcoin. Bitcoin brings chaos to economic planning because of its high volatility, fear of depreciation due to its insecurity, fear of capital flight from the country due to the fact that the government can not clearly control the export of capital, as well as great difficulties with taxation of the crypto currency. That is, bitcoin and other crypto-currencies create big problems for any government, it is most convenient for it to work in the old way, without bothering with restructuring under the crypto currency.
What is the government afraid of bitcoin? It can at any time declare the crypto currency illegal, and people who are engaged in crypto currency are imprisoned on the grounds that they are accomplices of terrorists or simply commit actions aimed at undermining the country's economy and banning all exchanges, exchangers, sites related to crypto currency. Do you think bitcoin after this will long exist underground? And who will he need if he can not be officially used in the country, and those who will still need him, will be behind bars?
Therefore, the government should not be afraid of bitcoins. Bitcoin also should not conflict with the government, but seek mutual points of contact for common work in one direction.

[NotAtOld]

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.

[ScroodjMoney]

When they say that bitcoin can be used for some terrorist purposes and everything else, it's ridiculous. Bitcoin is probably the most recent tool that would be used if it was necessary to finance an illegal event.

[maximkretov]

Central banks and regulators around the world are afraid of cryptocurrencies because of the lack of controls. First of all, they are concerned about uncontrolled emissions, or rather the inability to influence the emission center, because it is not — the release of cryptocurrencies depends on the system itself (the number of participants, the mathematical model), but not on the economic conditions and interests of Central banks.

[Anamika143]

They afraid bitcoin some of reason. Bitcoin isn't a secure coin they think. Because some country ban this coin and some time use this coin for terror works.

[wahyu.prist]

I think positive only. Why people are afraid of bitcoin, because their thinking does not yet know and maybe they think just a scam or play around. But this knowledge is against the real bitcoin. Thanks

[Drakula]

I think people are afraid of Bitcoin because it is a virtual currency; we all know that there could be a lot of hackers when there's an involvement of internet; if their account are not secured, hackers could get it easily.

[Arkham Knight]

Those people are very skeptic about it. And with the current state of bitcoin and the latest bans, they just proved that its very risky to invest in bitcoin. And they might be celebrating and laughing at us because they feel they made the right decision.

[mohor]

bitcoin is a prior business.it will use no matter how or less it is.so do not think that it will not buy people.

[akristofor]

-people are afraid of everything new
-people are afraid of change
-the people of the old school are afraid of money that can not be touched 

[ClackKendi]

They are afraid of bitcoin and it is like a hero who can make a surprise at any time, it can make you happy and also do you have to be serious can also make you hopefully and it can make they become millionaire quickly

[KesoNie]

They are afraid of bitcoin and it is like a hero who can make a surprise at any time, it can make you happy and also do you have to be serious can also make you hopefully and it can make they become millionaire quickly

Well, some people are afraid to the new. And sone of the afraid people are those the elder people who don't know about the technology.about the computer and about the modern gadgets that twe will use until now. Bitcoin is in the internet only and I don't think if the elder doesn't use internet would know about it. They're afraid cause they think it is a scam

[andongdanisi]

I think that in some countries with severe economic control, such as China, the government is worried that the capital outflow will have an impact on domestic financial markets. They need their people to invest in the path they set. They don't want to see people invest in areas they cannot effectively monitor.

[johnsombero]

because they thought the scam bitcoin. because they thought they were losing their bitcoin money. but they do not know that bitcoin is legit and bitcoin has been proven. just need them to explain how good bitcoin is and how good it will be for us

[hujanderas]

People will assume that the status quo will always exist. Fiat is as dead as a newspaper or floppy disk. Technically they are still working, Both are replaced by one thing.

[biboy]

because they thought the scam bitcoin. because they thought they were losing their bitcoin money. but they do not know that bitcoin is legit and bitcoin has been proven. just need them to explain how good bitcoin is and how good it will be for us

It could be one of the reason why people does not like to invest in bitcoin anymore because of trauma that they got with those previous that they have joined, for me it is just normal, time will come it will heal them and they will finally brave enough to face and to go investing in bitcoin again.