Is the fear of crypto-currencies legit?

[Bunk67]

I don't see scam in crypto currency is legit , now we have many country accepting it and some store are using it to trade

[bravehearth0319]

We can't take away the fact that there were people who got scammed in the past involving a lot of money here in cryptocurrency community. So, it's so natural that there are people afraid of having any transaction in cryptocurrency. Taking consideration that cryptocurrency is not yet well introduced to the majority of the people. That fear is legit.

[Noobaru]

With the rise of the cryptocurrencies, sadly, came the rise of different scamming techniques. People are rigthfully afraid of this, because getting scammed over couple of thousands of your investment definitely is not a pretty picture. But they should be educated on how to secure their investment and do it the right way.

[avonka]

We have unregulated ICO market with many fake and copycat ICOs without any use case, hackers everywhere, so newcomers should be very cautious. Security in crypto is crucial and hopefully  progress in that area comes soon.

[Debonaire217]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Yes exactly, people should be aware of the scam projects out there. When investors are just putting and putting their money to anything that they see without really reading and understanding the project. There is a more risk that they will be scammed.

[jcarlo]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

They should not. Cryptocurrency already recognized in many country as digital asset and i think its legit investment. Several country already make regulation about crypto and thats why there is no reason call crypto is scam

[maydna]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

I think if that person doesn't have any knowledge about the cryptocurrency, he should be fear about the fluctuated. But if he can learn about cryptocurrency before he invests in bitcoin and another crypto, then he will not be afraid about the up and down of the price. He can stay calm when the price is down, and I am sure that he can use his time to make a good decision. I think people right now become smart and they are learning many things about cryptocurrency, so they know what they need to do if they are facing the worst situation.

[sanasara]

I really don't think so its just a rumour in my opinion but I also want to say this don't invest all your money in this always use your spare money in crypto beacuse don't take risk if the news are running that it will be scam. So be careful

[rangnatht]

So many scams project are giving negative feedback on the crypto investment and that's make people scared to invest in cryptocurrency also government policies also make people scared to invest in cryptocurrency. So this is really hard for new people to join cryptocurrency. But these things also spread the awareness of investment. Now people are understanding that before investing in cryptocurrency or ico need to research so it's a good impact in crypto community too that now its make people more aware about cryptocurrency.

[shirackjs]

I guess people got scare when they don’t understand about crypto and probably because of the fuds going on.  It is typical that people won’t put money in when they don’t trust.  Hopefully the situation will be better in the future when more people start to understand about crypto and learn how to avoid the scams.

[indobitcoin.tk]

the scam has become a risk in crypto. living how to be careful in facing and overcoming these things so that it is not easy to get caught up in the scam. If a lot of that fear is certainly reasonable because it concerns capital or money they League in crypto. but when fear is too much then it will also have a bad impact since it would inhibit free and to thrive on crypto.

[arifteguhr]

Behind a large profit will indeed provide a risk. so even with cryptocurrency. indeed it is very detrimental to many people about the risks but also provides many benefits. here must be careful in investing

[rose9696]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

invest in bitcoin and get cheated? who did it? no one cheated them. Investing only losses and profits. Only investing in new ICO projects brings more risk to us but that is the rule. Dangerous things always bring great value when achieved. Advise them and explain them better.

[briton]

I think this is reasonable, of course there are risks, don't over panic, keep thinking wisely, crypto is still accepted even though not all countries admit it, still think positively that the cryptocurrency will last long into the future

[Efta321]

I think back to myself. if I myself feel afraid of investing, I just need to invest partially to find out whether this is fraud or not.

[payjoe93]

Experience Investor should know.. That is a risk of investment.. If do not know about investing or just new in investing world, they should fear..

[Nggedebus]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

I think that is natural for them to be afraid on being scammed. Lately the amount of scam project increase significantly.
I really hope it could be controlled, so the trust of investors could be restored.

[ci1990]

People are scared due to the famous volatility of the market. However the market has been stable last few weeks. Volatility can get you huge gains or huge losses. That totally depends on your level of experience and knowledge. If you DYOR and really learn about market cycles and dynamics, then you can't go wrong. Imagine investing now when every coin is almost at the dip and then waiting for 2-3 years to collect your profits. Do you still believe in 2-3 years crypto market cap  will be less than a trillion ? I don't think so, it will be at least 1 trillion. Thus now is a good time to invest.

[MBMauL]

Experience Investor should know.. That is a risk of investment.. If do not know about investing or just new in investing world, they should fear..

I also have a fear of risk should I receive on my initial investment. but after learning experience in this investment, I don't feel the doubt though with great risk.

[CreamIce]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

From a beginner's point of view, its quite scary honestly. I always try to be 100% sure and thorough research before investing. Even if there's a slight doubt I wouldn't go for it no matter how it looks or what people say. You can't almost always do the right thing but you learn with time and experience.
Giving up on the future isn't really a good idea.