Why people are comfortable investing in government controlled investments

[maxreish]

Other governments didn't see Bitcoin as a threat. In fact, there are countries who are supporting bitcoin by legalizing it on their place.
 Those government controlled investments you are mentioning were providing a safety and security for your funds. Because they are centralized thus taking control of your money with of responsibility. Ensuring people that their money is safe, making them more at ease with their own fund.
 
 While investing in bitcoin, you do control your own money.

[HardFacts]

THE REAL QUESTION IS:

Why are people comfortable investing in BitCoin 

[princesspoppy]

People see the reliability and consider the government investments as a safe place for their money. If anything goes wrong to these investments, the government will sure cover it and take respinsibilities in such situations arising unlike to any private investments as well as bitcoin that depends on the market and does not have any alternative ways if ever you lose the money you invested. It will be gone forever and no one is to blame and to cover for it but yourself alone.

[sheenshane]

My assumption is people want to invest in controlled by the government because they are not aware of the digital assets. Another reason is Bitcoin is very volatile compared to traditional assets like precious metals, gold, and silver. But I think you can't generalized this question because there are some countries that accept Bitcoin and recognized this cryptocurrency as an alternative to fiat.

When this pandemic shaking around the world the global economy was crushed and all market stocks were effected whether traditional or crypto. For me, there is no safe haven in a short period of time, especially in this situation. People prefer to pull back their investment and use it for buying foods or daily needs.

[FanatMonet]

Because, if a bank goes bankrupt, a person will be returned all, or part of his money. And if crypto falls, then, naturally, no one will compensate anything. And talking about bitcoin as a refuge, after falling by 40% per day, is very optimistic.

[HardFacts]

Because, if a bank goes bankrupt, a person will be returned all, or part of his money. And if crypto falls, then, naturally, no one will compensate anything. And talking about bitcoin as a refuge, after falling by 40% per day, is very optimistic.

Why understate things so badly ??

Anyone talking about BitCoin as a refuge, after falling 40 % in response to the Economic Crisis is a DELUSIONAL FOOL   

Hard Facts

[kryptqnick]

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.)

Regarding the question in the name of the thread, I think it's a psychological phenomenon. Even though the government is not always doing it right and can act in the interest of the few while sacrificing the interest of the many, it is still more comfortable for many people to get away from taking personal responsibility and be under strong governmental protection. People need reassurance, a father-figure which the government gladly provides in countries like the US. So yeah, investing in something controlled by the government seems safer and more reliable, whereas it's not a secret that investing in Bitcoin is risky and you can only blame yourself if you make a mistake.

[pragna]

They think that goverment = reliable. Sometimes this is true

Yea, i think this is very true actually. In any big crisis moment any anybody invest into government controlled investments, govt must help after any digester so that people always interested about this kind of investment but in BTC there is no back support. So how could people can believe in crypto currency for crisis moment i could not understand.

[rathaha10]

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? 

Bitcoin is not a safe-Haven and as such cannot flourish at the expense of global crisis. Cryptocurrency sector is just a digitized financial institution  that ought to provide a decentralized digital currency to give people the ultimate control to manage their financial activities without much interference of a third party and just like every investment options, the price of every cryptocurrency is determined by the force of demand and supply and these two economic theories depend majorly on global situation and as such bitcoin can only flourish when the global economy is thriving

[Yamifoud]

snipped...

Correct. The inclinations of each person are different, and we cannot force it. There are people who like risk, so they feel challenged to invest with cryptocurrency, moreover the opportunity for greater profits due to extreme volatility. High-risk high return. There are also people who don't like risk, want to invest in a safe way, little by little it's okay as long as the assets are safe.

If I would tell a friend about crypto, they usually think about funds safety assurance and asking if it supported by the government, or it is not a scam.
The people have a bad experience to be a basis for their future investment. Most likely they think that crypto investment is nothing could be trusted because it is not controlled by the government. We can't blame them either cause they are looking for assurance (and even me) but something we need to try also and explore outside, it can be possible to find better opportunity rather than keep trusting those project that has been run with the support of the government. And maybe, they'll find out how good is crypto investment could be.

[FanatMonet]

Because, if a bank goes bankrupt, a person will be returned all, or part of his money. And if crypto falls, then, naturally, no one will compensate anything. And talking about bitcoin as a refuge, after falling by 40% per day, is very optimistic.

Why understate things so badly ??

Anyone talking about BitCoin as a refuge, after falling 40 % in response to the Economic Crisis is a DELUSIONAL FOOL   

Hard Facts

At the time of the collapse of the market, Bitcoin showed himself very poorly, of course I thought that there would be a fall, but when I saw -40% per day, it shocked me. Despite the fact that gold fell by 8, which is five times less, it has already won back the fall and even increased.

[ntsdm1]

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? 

It seems to me that as soon as a specific global recession really begins, the majority of bitcoin owners will start selling their.

[Pixyoxx]

People are comfortable investing in government controlled investment because they think they have surety that their money is safe with the government i myself invest in some government policies but I don't see bitcoin or any other crypto currency as enemy i invest in crypto too but you know that crypto is uncertain well i agree that banks have failed but people still have faith in government thats the only reason people stick to government schemes.

[South Park]

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

Devaluing the dollar is supporting Bitcoin, in a way. Since the 2008 bailouts, our dollars have lost around 20% of their value vs. CPI goods. That alone is an advertisement for a currency with predictable inflation and capped money supply -- let alone after another 2008-like bailout.

This is so true, governments do not really have any way to beat bitcoin, if they do nothing and their economies crash in a fast fashion then people are going to adopt bitcoin really quickly, but if they intervene just as they have done to try to avoid the collapse of the economy by printing money then they are helping bitcoin as well, they may think they are delaying the situation until they find a way to beat bitcoin but they are only delaying the inevitable, bitcoin is going to win this battle and eventually it will be adopted by most people all over the world.

[joinfree]

Is because of the safety and insurance that the government investment platforms offer its members. I have seen in my country when a bank goes bankrupt and the government takes over to pay the debt gradually but this only applies to approved banks where the government owns some shares in it. Many people have been deceived by several crypto projects in their ICO and IEO and could not build any solid project. these are the number of projects that i have lost huge amounts of money in MiracleTele, Vivid, CryptAssist, Lympo, Flogmall etc. I can't even count them

[vella85]

Its all about mind control as the masses are brain washed into thinking that government controlled investments are the best investments however in fact their not, well not anymore as more investments are being devalued daily. Just take a look at bonds nowdays, they are paying hardly anything and another thing that helps keep the market afloat is that most 401k's and retirement funds are all invested into government assets. But there is no guarantee anymore as governments won't be able to bail out banks for much longer and its going to get real ugly in the near future and that's when I think a lot of currency is going to flow into Bitcoin and Alts. 

[BuNga_cute]

Actually the reason is very simple why most people are more comfortable and interested in investing in government control.
Because it is safer, and legally recognized by the government. So if something happens with their assets, the government will
be responsible. Despite having to pay a fairly high tax, most investors still feel comfortable. Because they are calm their assets
are safe, although the profit generated is lower than if investing in cryptocurrency. Because we have to invest in cryptocurrency
admit it is very risky.

[Tiews223]

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? 

People will look at your government as your biggest investor or someone who will have the means to protect the business financially. Another thing is that you know that when the government has control over the business, it will be unlikely that there will be abuse in terms of pricing of the services or the products being produced by that specific corporation.
 

[verita1]

BTCitcoin may have more interest after Covid19 for everyone because the collapse of the global economy is inevitable.
At least we are a community that knows about the economic potential that Bitcoin has and we are willing to adopt it as a means of digital money.

Numerous job losses are announced and we are still amid the pandemic. In the short term, there is talk of an effective treatment to combat the virus, the hopes are that we can hear from him soon to get out of the stress in which we live.

[tbterryboy]

The government will not do anything to support Bitcoin because they have nothing to do with it, they don't control Bitcoin and nobody controls Bitcoin, it's a decentralized currency. If it was centralized and controlled by a particular government, I guess they might be doing something about.

But, you have to know that Bitcoin doesn't need any support from the government. Right from the beginning it has always been the community that are supporting Bitcoin and not the government, the community built Bitcoin and brought it up to the level it is now, and not the government and I still believe that the government will keep pushing it.