Why People Can Not Believe Bitcoin

[Sithara007]

From my experience, it is mostly those guys who are in their 50s and 60s, who are not believing in Bitcoin right now. They always ask how can anything which is not backed by a physical asset can have real value. 

[Daria_daria1992]

I have several options: 1. People are just afraid of losing their money, which they earned hard-hard work.  2. People do not look to their future, and they think it's better to go and have a beer with friends and buy a coat for their wife than buy bitcoin 3. People are afraid that bitcoin is a pyramid and fraud.  And as they watch TV, they believe what they say there (at least in our country) 4. People are afraid to take risks.

[nmax21]

From my experience, it is mostly those guys who are in their 50s and 60s, who are not believing in Bitcoin right now. They always ask how can anything which is not backed by a physical asset can have real value. 

They just do not know that bitcoin is backed up by equipment for mining and a huge amount of energy spent!

[Gumpfire]

Hello Everyone.
Recently my friends Asked me. Now I can investment with bitcoin. I said my friends. Of course you can invest bitcoin without tension.
but my friends can not believe bitcoin.my friends tell me bitcoin price always dumping. It's will be got this scam.
I got this boring felling with my friends opinion. Because I always believe them bitcoin about.
Bitcoin is the real king crypto currency world. Bitcoin will be never scam. It's not possible. 

Lack of knowledge and experience I think can make someone think that bitcoin isn't real. I have a lot of friends who recently asked me about this too because they are seeing that my financial status is improving. I shared some of my knowledge to them but some of them still wouldn' believe saying that to see is to believe so I challenged them to give bitcoin a try.

[restia]

many people are not believing the bitcoin usually because not yet know with certainty. that is what makes many people don't believe it. In addition, there are also unbelievers because don't want to maximize the potential of more advanced technology to seek revenue from bitcoin.

[Carlsen]

I don't think it's all the people who can't believe in bitcoin, because then bitcoin could not have become what it is today.
But there is a group of people who don't want or can't understand the concept of bitcoin.
And it is mostly older people who have problems with bitcoin, I think because they have a different understanding of the concept of money.
To them money must be physical and backed up by a real good.
Bitcoin is a brilliant idea, they don't see the value in that!

[Prettyme]

I think that believe or not to believe is up to them; why are you worried about this fact?

people dont believe in bitcoin maybe because they really think bitcoin is a scam and they dont know what was bitcoin about and what bitcoin can give to their lives, people dont believe in bitcoin because of lack of knowledge on it and they are afraid of losing their money thats why they dont believe in bitcoin.

[TomUyamot]

Hello Everyone.
Recently my friends Asked me. Now I can investment with bitcoin. I said my friends. Of course you can invest bitcoin without tension.
but my friends can not believe bitcoin.my friends tell me bitcoin price always dumping. It's will be got this scam.
I got this boring felling with my friends opinion. Because I always believe them bitcoin about.
Bitcoin is the real king crypto currency world. Bitcoin will be never scam. It's not possible. 

Bitcoin is not a scam. Nor is it always dumping. However, there are so many scams that use Bitcoin as their front in convincing other people to invest some amount to them. Perhaps they are either victims themselves or have heard a lot of cases involving scams using the Bitcoin success. As with dumping, what else can you expect from a volatile market? Dumping can actually be used to your favor. It is not at all bad. It is part of a coin being actively traded all over the world. It is the reason why there is pump and profits are made.

[9emb3lelit3]

Because for now people in this world still not many who want to know about the virtual or digital currency of this bitcoin. I think only people who are lazy and do not want to know future developments that do not want to know about what benefits can be obtained from this bitcoin.

[merrillolive]

Talking to someone who has never known bitcoin, it is hard to convince them. Your friend has not seen the benefit of bitcoin. Surely he thinks that it is not foolish to put his money on the illusion pennies. I think you should show him your income first, and say the benefits that bitcoin brings. How will the future of bitcoin grow? I think so convinced him.

[TonyChikago]

There is distrust of the people to the currency. When all mass media speak about the next falling of a course, but are silent about restoration of cost. Therefore, people think that everyone will lose if they invest in bitcoin.

[Vaflia]

I think many people do not trust bitcoin because it is a new and complex technology to understand. In addition, the government is actively scaring citizens, calling bitcoin scam.

[Timok Abiodun]

"Why People Can Not Believe Bitcoin"

For some people....It’s just too volatile. The virtual currency is known for wild fluctuations in price.

Those sudden ups and downs could be bad news for people who cant handle it . Although bitcoin had a more than 100% return on investment in 2016,
it’s also five times more volatile than the S&P 500, said Campbell Harvey, a professor of finance at Duke University,
who described bitcoin as “an extremely risky investment.”

and at the same time profitable if you have got the mind.

[om_iyo]

It's a normal. He has an opinion, and you have other opinion. Everyone is different. In a fact, there are many scammers, price of bitcoin is unstable, and some country banned it. Live is many choices. You've choose bitcoin, we are talking about it here, and many people not interested outside. It's easy...

[thesmallgod]

If I understand you well you are trying to introduce your friend to trading using cryptocurrency but he thinks it is a scam due to price volatility. what he doesn't know is that trading involves buying and selling which in this case cryptocurrencies is the commodities. you can profit and as well loss in anything that involves buying and selling. you need to further explain to him very well. such person will find bitcoin important after he has learn the pros and cons of trading.

[klavyemaus52]

Because its hard to believe while bitcoin is low if again be 20 k dollar i think peoples will belive bitcoin

[cizatext]

It was very hard to understand what you really mean but thank goodness I was able to get you, bitcoin an an investment platform doesn't  need people to be forced into believing in it. When he see the result of cryptocurrencies in your life he will be convinced into believing in cryptocurrencies. All you need is a good result and that will speak for you.

[Dansamiv]

Because for now people in this world still not many who want to know about the virtual or digital currency of this bitcoin. I think only people who are lazy and do not want to know future developments that do not want to know about what benefits can be obtained from this bitcoin.

No, I think the real reason is the government. Bitcoin with peer and anonymous features. The utility and efficiency that it brings to the international community cross the boundaries of government management. No one is responsible for bitcoin, so they easily negate bitcoin and negativity. That is the real challenge of bitcoin in the future.

[trauchot]

So it is, people don`t believe bitcoins because bitcoin fall too often, because bitcoin is not dependent from anyone or anything, it can as sharply fall so abruptly fly up, but unfortunately only experienced people who have been engaged in cryptocurrencies understand this for a long time. Also, people are afraid of bitcoin because of the fact that this cryptocurrency is not widely recognized as official, people are used to trusting what has already been checked for years and where everything is official.

[max65]

Many people  are not believing in Bitcoin.Me too at first because my friend discussed  me first is a beginner in Bitcoin. Few days  later I heard  some of my friends discussing.I listen  to them and ask some few question and slowly understand that's why I'm joining right now.The more knowledgeable  who discuss the more person will convince