Why are they afraid of bitcoin?

[steevo384]

People may afraid bitcoin because they are ignorance of it, probably they don't know much about it

[Haunebu]

The government will have an impact on the small coins in the bank. Since more people use fewer coins, more private companies have to accept less coins. This means people who tend to make domestic payments will invest more in small coins. . Coin habits increase if domestic payments, government and banks decline.

Good point. It is fairly obvious why so many people are still scared of bitcoin and the crypto world on the whole. The governments and private companies have a lot to lose if bitcoin is adopted on a global scale which is why they spread FUD against the crypto world and bitcoin in order to mainpulate people and the markets.

So many countries do not even have proper access to internet which is another reason why bitcoin has not continued to rise in value currently(Might in the future). People also tend to fear the extreme volatility of the crypto market which is even more volatile than the stock market which is another reason why they tend to stick with reliable FIAT rather than risky bitcoin.

[Pixyoxx]

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

This possibility is likely
But Mr Bitcoin BTC  frightens      corrupt politicians and corrupt businessmen because
BTC will redistribute the wealth of the world again   

Its not only the corrupt government officials and corrupt business men are frightened but also banks. Banks are alarmed now and they do all their best to go hand in hand with governments to destroy the image of bitcoin. In my place they even publicize a memo that states numbers of disavangtages and danger in holding and investing in bitcoin.

Thats true, banks will definetely be frightened because once such a cryptocurrency is legalised, their monopoly over interests and their authority and control ovet the money will suddnely disappear and that is not very digestable to them. In this pursuit they will release numerous circulars stating risks and disadvantage of digital currency so that their stake in the power stays persistent.

[Lun4t1c]

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 are afraid because most of them is can't afford losing money, and also they have a lack knowledge to know whst really bitcoin is

[dvillier]

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 are afraid because most of them is can't afford losing money, and also they have a lack knowledge to know whst really bitcoin is

As friend mentioned in above comment that they are afraid of losing money. Why they are afraid?
Because now a days there are various types of people who are presenting various types of idea to people for investing and as people invest then result will zero mean it became fraud.
So now people are taking very care while taking any step specially investing their money. As mate told that they have lack of knowledge due to which they are afraid but as they get some enough knowledge then they will get confident and will lose fear of investing in BTC.

[LegGekkouga]

Because they were told that bitcoin is a scam and illegal and can be punishable by law. I known bitcoin long ago before I started to join, not because I was afraid I just didn't know that it was this easy. I thought that I should learn programming languages hahaha silly me.

[Good tbc]

They are afraid of the great expoit that Bitcoin  have started to do and is yet to do. Many are surprise how Bitcoin could  be used for online payments without the use of the bank for exchange of currency to that of the country whose transaction is been carried out, so that the banks will continue to make gain and cut out some money as charges for such services and transactions.Many people are still surprise at the profit and gain in investing in this cryptpo called bitcoin. The government and the banks happens to be the worst hit at what Bitcoin is capable of doing, and that is why they are afraid.

[Images21]

Needless to say, the digital money is the future of money. We are now slowly getting developed as a a world and as humanity. We will soon be forgetting about fiat currency. Cryptocurrencies are here to replace out old paper money bills. This will not be stopped. We cannot stop development and progress. And the future of the world is the digital age. It is therefore logical to think that the digital age will be using the digital currency.

[Bdstar]

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

I think Bitcoin is becoming a factor affecting tool for the money market so that many conventional organisations are becoming afraid of Bitcoin. they are thinking Bitcoin can ruin themselves. Actually, Some people are getting confused about the growth rate of Bitcoin and also they think that Bitcoin will not sustain in the future. that's why they are afraid of Bitcoin.

[lapesca]

People often do not know much about bitcoin, only such things what they hear in the news. I think therefore they are afraid...

[Blueblade]

Because bitcoin is digital across.Only the software can be saved.Anonymous across Bitcoin.Bitcoin does not belong to any country or company.It is also used for more illegal activities.

[Haxor321]

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

This possibility is likely
But Mr Bitcoin BTC  frightens      corrupt politicians and corrupt businessmen because
BTC will redistribute the wealth of the world again   

it will not be possible.
because I believe BTC is made to improve the world economy and not to destroy the economy.

Some people say that bitcoin is a bubble. This could one day disappear from the system once all bitcoin is consumed. They fear the unstability of bitcoin. There is also a possibility of hacking in bitcoin that's why we also need to be careful and vigilant.

[indog]

I think that person does not believe in or there is no one around him who has ever succeeded because of this bitcoin, and this person does not want to ask what is bitcoin, how to make money from bitcoin.

[ransow72]

It spread across the internet.So you can use it anywhere.Bitcoin transaction fully anonymous. It is also used for criminal acts.Bitcoin transaction.It is very difficult to monitor.

[JohnZohnson]

I think the reasons why someone are afraid of Bitcoin are virtual point and its still a new payment method with them. People are always afraid and feel unsafe with new things.

[TheUltraElite]

I think the reasons why someone are afraid of Bitcoin are virtual point and its still a new payment method with them. People are always afraid and feel unsafe with new things.

This is actually the correct answer. People are always ready to call anything and everything untrustworthy because its new. Everyone is skeptical because its new and its still a grey area as in bitcoin in several nations. But the people who invested early into something get the returns later on if they kept trust in that project.

Still one must do proper research before investing into anything and/or buying bitcoins.

It spread across the internet.So you can use it anywhere.Bitcoin transaction fully anonymous. It is also used for criminal acts.Bitcoin transaction.It is very difficult to monitor.

Hmm thats a shitpost.

[zhqqnhivae]

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.

People fear things they do not know, but the first person to eat crabs is of extraordinary significance.

[kiver]

people afraid of what they cannot understand, and banks or governments afraid of cryptocurrency technology because it can change their entire system upside down even if this new technology is outstanding and will benefit people even more and make their life easier but its a fight we have to do untill we change the way people think about this new financial system

[Sihab76]

Bitcoin is favourite trustable online currency. It started its glorious journey at 2008 and show its charismatic character. Starting point Bitcoin price was a little bit but in now Bitcoin price is around $15000. Which is very strong and stable position. I think there is no way of afraid.

[loragean03]

people afraid of what they cannot understand, and banks or governments afraid of cryptocurrency technology because it can change their entire system upside down even if this new technology is outstanding and will benefit people even more and make their life easier but its a fight we have to do untill we change the way people think about this new financial system

yeah more likely that. banks and governments afraid of in cryptocurrecncy technology because true that bitcoin can change the entire system upside down and they don't have any rights to handle the situation if some of the people are get involve in bitcoin. or maybe they are not just prepared/want to be change into the modern world. but not to be considered afraid of bitcoin but not to be/it cannot be because they didn't understand how bitcoin totally works