Why people are comfortable investing in government controlled investments

[BlackHatCoiner]

I will answer to OP. The dollar is a steady currency. Seriously now, how many times have you seen goverment bans the dollar? 0 times?

I'm new at cryptocurrencies, and I can admit they are too interesting, but they are not steady. If you have 1000BTC, the next day you may have loss a fortune. Why shouldn't I want the steady dollar that everyone wants it? Why should I care that goverment owns it?

The thing that bitcoin is not owned by anyone, is truly amazing tho.

[carlisle1]

There are still a greater number of people investing in government controlled investments compared to cryptocurrency investments because there are still some countries that do not accept cryptocurrency in their land because of being blink of what cryptocurrency can give to them.

Not only because some countries did not accept Bitcoin till now but because they have no big trust in this market but they are supporting government investing for assurance and legitimacy.

They are also comfortable that their money is much safer because it is handled by the government,

that is exactly what is happening,they Knew that safer is from governments side than against of to those whoa re not being recognized by governments .

[nutoskaleo]

They are just kind of old-fasioned guys who believe in reliableness of goverments. That is going to last untill their profits from goverment investments occure to be less than inflation rate. It's just a counterintuitive idea to support projects controlled by authorities as it goes against the idea of cryptocurrencies and blockchain.

[BlackHatCoiner]

They are just kind of old-fasioned guys who believe in reliableness of goverments. That is going to last untill their profits from goverment investments occure to be less than inflation rate. It's just a counterintuitive idea to support projects controlled by authorities as it goes against the idea of cryptocurrencies and blockchain.

It isn't only about "old-fashioned guys". Admit it, it's not easy to learn how cryptocurrencies work.

[Eplus_Team]

I think the reason that people invest in government controlled investment is that it is safer and it mostly has a insurance so if something happens you will still have the assurance that you will not lose your money or not will get a part back

[crustycrab666]

I will answer to OP. The dollar is a steady currency. Seriously now, how many times have you seen goverment bans the dollar? 0 times?

I'm new at cryptocurrencies, and I can admit they are too interesting, but they are not steady.

Well, some people consider volatility as a threat to their investment, while some people consider volatility as an opportunity to develop the value of assets. This cannot be forced, everyone has their own interests. If I choose to take the good opportunities offered by cryptocurrency, even though it is difficult, market movements are analyzed both fundamentally and technically.

[South Park]

People conform, human beings are like sheep, they follow the crowd & do whatever carries low risk & might be deemed as normal. It’s why they invest in low interest, bank savings accounts, not many people have the balls to get up off their ass & do something constructive that makes money.

Nobody ever got rich by taking no risks. If you’re here now & own bitcoin you are still an early adopter. The early bird catches the worm

This, most people are simply too lazy to learn how to invest and in order to feel safe they invest in whatever everyone else is investing, this gives them a false sense of security since it seems impossible everyone is going to lose their money at the same time but when events like this pandemic happen then they lose their money and somehow they are surprised by this, which is odd since we know that for one reason or another there is always a big economic crisis every decade, which means that only the investors that can read the signs of the market way ahead of time can be profitable in this activity.

[carter34]

I will answer to OP. The dollar is a steady currency. Seriously now, how many times have you seen goverment bans the dollar? 0 times?

I'm new at cryptocurrencies, and I can admit they are too interesting, but they are not steady. If you have 1000BTC, the next day you may have loss a fortune. Why shouldn't I want the steady dollar that everyone wants it? Why should I care that goverment owns it?

The thing that bitcoin is not owned by anyone, is truly amazing tho.

Security is your point here and I believe that is why many have been doubtful about investing in btc. The government knows how to manipulate cash for the benefit of all and the country but the whale manipulate bitcoin for their own personal profit.

[ropyu1978]

Why do people feel comfortable investing in government controlled investments, the answer may be that they prove it by earning 2% a year, with 3% infillation .. those who are used to their government feel comfortable with fiat which has a stable price than bitcoin ,, but in my opinion, I am more interested in bitcoin, because I can control it myself ..

[nelson4lov]

I will answer to OP. The dollar is a steady currency. Seriously now, how many times have you seen goverment bans the dollar? 0 times?

I'm new at cryptocurrencies, and I can admit they are too interesting, but they are not steady. If you have 1000BTC, the next day you may have loss a fortune. Why shouldn't I want the steady dollar that everyone wants it? Why should I care that goverment owns it?

The thing that bitcoin is not owned by anyone, is truly amazing tho.

That's the issue with crypto volatility. But I do think that people are already aware of this before venturing into cryptocurrencies even though a small subset of them freaks out when there's crazy wicks occur to the downside or everytime there's a market correction. But they are readily available to invest their funds in government based investments like bond because unlike crypto, you can calculate how much risks is involved with such opportunity. In crypto, you don't get such luxury. You must be willing to put funds that you're comfortable to lose. It's just how it is.

[btc-room101]

Just think about it a little.  

You know that whatever happens with your government controlled investment, you will have a safety net from that government. History has shown us how governments have bailed out Banks and/or injected millions or even Billions of tax payers money into economies to protect it.

They are printing Trillions of Dollars to reduce the impact of this Covid-19 virus on their local economy and they are doing this with money that was supposed to go to critical needs. (Public Health care / Social grants for unemployed people etc.)

Did Bitcoin get any support from governments when Stock markets plummeted lately? No, because Bitcoin is seen as the enemy.  

We relish in the fact that Bitcoin is not supported by the injection of slow poison from these governments, because this cannot be sustained indefinitely. At some stage we will see that taxes would not be enough to save Banks and/or local economies. Companies and individuals can only pay so much taxes, until they go bankrupt.

It is only smoke & mirrors to postpone the inevitable collapse of the global economy. Will Bitcoin then be seen as a real safe haven or will it be too late?  

Well essentially investments approved by the GOV, have means of getting your money back. In the BTC world when the exchanges steals your money, you are SOL.

Older people tend to be wise about losses, and they can't get it back when lost, because their earning years are over.

Young people can afford to 'lose it all',

The investments are 'gov controlled', so much as they are 'regulated', e.g. there are rules, like telling people what is actually being done with their money, while its in the hands of the bank, or broker.

You bring up the most interesting question of all "Will the US-GOV bail out BTC"?? Yes they will, in past 14 days BTC fell 25%, that wiped out a lot of institutional funds; The blood on the streets hasn't even flow yet to the public eye.

In the past 50 years GOV has bailed out 1,000's of shitty company's, so yes GOV will bail out BTC, and why not? The money is FREE FIAT, FED can issue FRN to infinity.

Tulips for all forever. Rome ended this way, the money became worthless farmers quit sending wheat to the citys, there was no bread, and the city's failed, the GOV failed. It took 500 years for the Romans. The USA has been bankrupt since 1911 at the start of the FED.

What's BTC really worth when backed by FED, and measured in USD?? BTC can go to infinity, if its measured in USD.

Probably better to measure BTC in gold day-2-day to see if its really increasing in value.

Recent selloff of gold in the past few months is because gold is more liquid that BTC ( exchanges make exit hard ), the EXCHEGOS fund-failure caused billions in margin-calls, lots of gold had to be liquidated. BTC was next to selloff. People need to raise cash to cover.

With recent -25% drop in BTC, we don't know how many people were flying 4x, or 10x, we don't know how many 1,000's of people have been wiped out, nor how many companys??

Musk bought $1.5USD on borrowed money at $42k a few months ago, people like him aren't looking so bright now, they're going to sell or go bankrupt.

GOV created BTC so this argument is actually fallacious, you must know that SHA256, SECp256K1, and all BTC backbone is NSA created. The original btc white-paper came out of BIS-IMF in 1997, and not satoshi in 2009.

Its been said FED-BIS-IMF has only one reason for creating BTC, to keep stupid money from flowing into gold. World Government

[Alanaz]

depending on the person. but I can understand why people prefer and are comfortable investing in government control.
There are several reasons for that, one of which is that there are still many countries that oppose the existence of bitcoin so that knowledge of bitcoin is reduced and it is very taboo in countries that oppose bitcoin. with their lack of knowledge about bitcoin automatically they will be reluctant and rethink.
the second is that they have been following the investment for a long time. It would be a pity if we had made long-term investments after that it was just dismissed. because most investments controlled by the government are long-term investments

[btc-room101]

I will answer to OP. The dollar is a steady currency. Seriously now, how many times have you seen goverment bans the dollar? 0 times?

I'm new at cryptocurrencies, and I can admit they are too interesting, but they are not steady. If you have 1000BTC, the next day you may have loss a fortune. Why shouldn't I want the steady dollar that everyone wants it? Why should I care that goverment owns it?

The thing that bitcoin is not owned by anyone, is truly amazing tho.

I think the paper USD has bankrupted 3 times, since 1776, and the paper money has changed many times.

Try to cash a confederate Dollar?

It's paper-money, in all human history, average life span of 45 years.

GOV doen't ban, they just make worthless, since 1913 the USD is down 99% in purchasing power.

...

Why care? Because our GOV doesn't represent the people, the GOV is owned by corporations, todays USA is fascism, if you allow the GOV to know what you have, somebody from some agency will come and steal what you have, the entire world operates this way

Hell the cop high-way robbers have name "civil asset forfeiture"

You withdraw big cash from bank, drive home, cop stops you takes your cash, you never see it again, cops get to spend all at xmas party.

The person who knows the private-key for a high-value address is the owner, your last statement shows you need to own & learn about crypto.

The sad thing is most people who buy crypto, don't know that if they don't hold the private key, they don't own it, and IRS-COINBASE prefers to give you an address, and same for nicehash, and all the other scammers runnng the system

depending on the person. but I can understand why people prefer and are comfortable investing in government control.
There are several reasons for that, one of which is that there are still many countries that oppose the existence of bitcoin so that knowledge of bitcoin is reduced and it is very taboo in countries that oppose bitcoin. with their lack of knowledge about bitcoin automatically they will be reluctant and rethink.
the second is that they have been following the investment for a long time. It would be a pity if we had made long-term investments after that it was just dismissed. because most investments controlled by the government are long-term investments

I can only think of unstable country's like Venezuela with hyper-inflation, and there not being an easy cheap way to hold gold. Just like in USA

In ASIA there are gold shops on every corner, every household owns gold, China tinkered with paper money 2,000 years ago and learned it can become worthless overnight, every child in ASIA is taught this, the gov encourages people to own gold.

In the west GOV discourages gold ownership, because the GOV sees citizens as debt-slaves and the corporations want debt-slaves, not free men.

So in a crisis there is no easy way to protect cash, because there is no gold to trade, only worthless paper, this is what happened in Weimar Germany  1918-1921

Much of the selling point of crypto in the west is 'virtual gold', the fools don't realize it can be gone in the morning, sold in ASIA the night before, cashed out for gold.

[moderator's note: consecutive posts merged]

[izsara]

because some of them began to feel comfortable and did not want to move to new things, especially those related to finances.
some of them may also think about the long term, moreover, the government uses a long-term system so that if you stop in the middle of the road it is like wasting money.
because it is better to continue with an existing one than to start anew.
but it is better if the existing investment in the government is executed and then makes a new plan related to crypto. when both are executed, we can find out the difference in profit and what kind of future we can choose

[Jet Cash]

The government is not interested in protecting the people. It is only interested in re-election, and protecting the interests of its masters. People invest in many government projects that are contrary to their interests. Fiat currencies and central banks are a couple of examples. It isn't just financial investment either. Just look at the numbers of people who are destroying their health by "investing" in pharmaceuticals and related destructive products.

[pinggoki]

Simply because the people knows that the government can cover a huge security all over of their investments and also the reason behind this is that the government itself also offers a lot of investment platforms that are legal in the law so that people may patronize the government controlled investments. Another thing is that it is more comfortable and efficient to invest on the controlled investments of the government as they feel more secured about it.

[bitterguy28]

Simple !!! Because they believe that it is much safer than in any platform and if you are talking about crypto to be their investing option?

well it won't happen for now and will take long time to happen.

But in time when the adoption finally happens in all part of the world , believe me they will take it from here.

[sapnu]

There are many reasons why most of the people prefer investing in government controlled investments instead of investing in crypto. One of which is the fact that crypto, regardless of the fame and the noise it made all over the world, is not yet recognized by everyone already. Also, there are some countries who are not yet considering crypto as a legal currency. Another thing is the fact that they are not knowledgeable enough that's why they choose to stick to the usual since it is too risky entering an investment that you have no idea about. Sooner or later, crypto or bitcoin specifically might end up under the government as they make regulations with regards to the investment in it so it will be best if we would make the most of it while that time hasn't come yet.

[Gheka]

Why do people feel comfortable investing in government controlled investments, the answer may be that they prove it by earning 2% a year, with 3% infillation .. those who are used to their government feel comfortable with fiat which has a stable price than bitcoin ,, but in my opinion, I am more interested in bitcoin, because I can control it myself ..

The stance of government organizations are created based on the purpose of supporting people's lives, somewhere there are benefits for themselves but that's not something to care about, and talking about investments that are managed by the government, normal profits will be low but no organization or individual can make a riot here, the government will remove them, this can be said to be the paradise of safety. However, such a comfortable life really does not mean challenge and success, I also like bitcoin due to the difficult challenges it brings, pass will be an infinite portal of glory

[uneng]

Why do people feel comfortable investing in government controlled investments, the answer may be that they prove it by earning 2% a year, with 3% infillation .. those who are used to their government feel comfortable with fiat which has a stable price than bitcoin ,, but in my opinion, I am more interested in bitcoin, because I can control it myself ..

The stance of government organizations are created based on the purpose of supporting people's lives, somewhere there are benefits for themselves but that's not something to care about, and talking about investments that are managed by the government, normal profits will be low but no organization or individual can make a riot here, the government will remove them, this can be said to be the paradise of safety. However, such a comfortable life really does not mean challenge and success, I also like bitcoin due to the difficult challenges it brings, pass will be an infinite portal of glory

Actually the profits won't be low, but inexistent. It's common nowadays to have a fiat investment generating 2% a year against a 3% inflation, like @ropyu1978 said above. It means, officially, that people are losing 1% yearly by putting their money into the called government controlled investments. And I say officially because we know the inflation in real world is considerably higher than what the official numbers say. In practice people are probably losing 2%-3% yearly by investing in fiat traditional fixed income if we take that example in consideration.