Why do ordinary people feel afraid of Bitcoin?

[breathlessz]

sometimes many people see from bad news about bitcoin, so that ordinary people are not enthusiastic to learn more about bitcoin. this usually happens a lot when newbies enter the market and they get dumped, so their money runs out, and outside of talking about negative things about bitcoin, so ordinary people are afraid that something like that will happen

[tiCeR]

because they don't know about crypto and bitcoin yet. they are afraid because they do not understand about the function and workings of crypto. all new people who invest in crypto also initially have concerns, but over time they can understand and understand about crypto.

Yes it's true for beginners, investing in bitcoin looks very complicated because many terms to understand in cryptocurrency and analysis of market movements need to be done, so they decide not to invest in bitcoin, especially lately a lot of FUD news about bitcoin and they read it randomly on social media and make them even more afraid of bitcoin investment.

When you do go literally with technical terms then it would really be hard for most people but if we do get engage with Bitcoin then knowing the basics would really be enough.

It isn't necessary about to learn about those numbers or technicalities but it would be good if you are bit aware with it too but going with the basic wont really be a bad idea.

Getting afraid is just only when you aren't aware on the things you've been dealing with but once you are aware then I do see the different case.

It can't hurt to put some effort into understanding what Bitcoin really is. It is quite different from a software where it's not important to understand why software does what it does. Now for the transaction alone it isn't that important to understand the functionalities at protocol level, but to understand why Bitcoin is making its way into our society is valuable knowledge to anyone. Understanding Bitcoin is kind of equal to questioning the world we currently live in. I think it can never hurt to understand the environment you spend your life in, its shortcomings and possible solutions. 

[Cvetik56]

A lot of people still can't understand how much world depends on internet right now. People at my job thinks BTC is just a scam and big bubble. Even young folks don't trust in BTC and I'm not trying to convince them because i don't wanna look like obsessed.

[James Watson]

I think that ordinary people are afraid of Bitcoin mainly because: 1. For political reasons, Bitcoin is banned in some countries, and then government officials in these countries usually say that Bitcoin is a scam or bubble, which is extremely risky, and then warns. People don't want to invest in such projects, so people are afraid of Bitcoin. 2. In terms of technology, some of the technologies adopted by Bitcoin are not easy for middle-aged and elderly people to accept and do not understand these encryption technologies. Therefore, it becomes very difficult to popularize knowledge about cryptocurrencies because they don’t understand. Understand, so instinctively resist such projects. 3. Volatility, most ordinary people like to invest in sound, most of them don't like to take risks to invest in high-risk projects. Bitcoin is still very volatile. For ordinary people, risks cannot be controlled and they will be afraid All your own funds will be lost.

[dota2bestplayer]

Just like ordinary people who have just entered the crypto market, they are very unfamiliar with the unknown and cannot control it. When I first learned about cryptocurrencies, I also left a bad impression on those altcoins, which made me misunderstand the entire market. The level of knowledge is not very high, and there is a lack of real knowledge and understanding of Bitcoin. Therefore, to enter a new field, you must first have a certain understanding, after all, you are taking a risk with money.

[cabron]

Just like ordinary people who have just entered the crypto market, they are very unfamiliar with the unknown and cannot control it. When I first learned about cryptocurrencies, I also left a bad impression on those altcoins, which made me misunderstand the entire market. The level of knowledge is not very high, and there is a lack of real knowledge and understanding of Bitcoin. Therefore, to enter a new field, you must first have a certain understanding, after all, you are taking a risk with money.

For the new ones especially those who come in when the bulls are starting to get traction, they aim to get out quickly with lambos in mind. Just when they buy today, they are already asking tomorrow when to sell.

But for those who haven't yet come to buy BTC, they are either very knowledgeable about how the market works or they are just skeptical if BTC is a scam because of the fud they hear.

[hichamito37]

Maybe the barrier is about technology, they don't know about technology, how bitcoin works. The impact of government bans besides the volatile bitcoin is also the reason why many people are afraid to invest in bitcoin.

[Xinarae*]

Maybe the barrier is about technology, they don't know about technology, how bitcoin works. The impact of government bans besides the volatile bitcoin is also the reason why many people are afraid to invest in bitcoin.

Many countries around the world have no idea about bitcoin yet as they have no touch with technology so they are afraid of bitcoin. I think if they know about bitcoin investing they will invest in bitcoin even if there is a risk because it is easy to make a profit by investing even if there is fear. In many places no one knows what bitcoin is if supported by the government there will be no fear if it becomes legal.

[rodel caling]

Why? Maybe because that bitcoin they dont hold it literaly.yes you can see it but you can not hold it.they dont know the big use of bitcoin nowadays. And maybe they just think of not secured while you have it in your wallet..they think they might be gone not knowing it. And they dont know yet how this was useful using easy transactions even far away..
The fact that bitcoin was more secure and safe in our wallet rather on our real fiat money..they dont know this is secure not to stole from some one..maybe they should know well first this bitcoin beforw they trust on it.well we also know that we can not please every one to love and trust bitcoin.but hopefully people know bitcpin and the big value of this to have it and keep it.in able for us to go on in progress...and in able for us to be in sucessful in the future.hopefully they will love it and known this well soon..

[leea-1334]

A lot of people still can't understand how much world depends on internet right now. People at my job thinks BTC is just a scam and big bubble. Even young folks don't trust in BTC and I'm not trying to convince them because i don't wanna look like obsessed.

Communications and shopping and commerce depends on internet but I think a lot of people also overestimate how much we really need the internet. Our parents did fine without it,,, in fact had better and richer lives. The same for 1 billion people in the world who do not have internet.

Good not to convince people,,, there is not much to convince right now I would say even more so for BTC (right now). I love the currency and want it to succeed but I think we are not realistic if we say it is going to save the world and change our lives.

[CryptoStar19]

Because bitcoin is not the easiest thing to understand for the everyday person... on the one hand we want more and more people to understand crypto and bitcoin and to arrive at their own convictions about it, on the other hand so many people use the internet today without understanding how it works or why it works.

So either way we are going to see only increasing adoption of crypto.

[Qlimaxaz]

The answer to this question is very simple: they are afraid of new. People are afraid of what they don't understand. Most of the people have no knowledge about economy because they don't teach us the important things in school.

[Pamadar]

Usually they get carried away from the media that really does not support bitcoin, such as the media that spread the news about the bad bitcoin, let's just say bitcoin is a bubble, some news initially talked about it, made everyone afraid to own bitcoin, usually people who join bitcoin is a person who dares to take risks by ignoring about people who hate bitcoin. so that they are not afraid.

Big impact since they don't have any ideas about  this industry,

They been moved by those negative write ups about this business, they are afraid by knowing nothing but for those who knows how to

handle the risk and have that patience in learning deeper about Bitcoin they are the one who benefits a lot.

[randegibran]

for people who don't understand bitcoin, it's very difficult for us to explain, especially if they don't understand bitcoin, when they want to learn about bitcoin, we also want to teach them how to invest in bitcoin, it's not that they are difficult to put their money in bitcoin but they tend to hesitate to enter this investment just because they still don't understand this business bisnis

[swiftbits]

Bitcoin seems too good to be true as advertised. Money-hungry and scammers are everywhere promoting bitcoin as investment schemes with huge returns, tempting but very unusual for the ordinary. Also, People are conditioned with tangible money and digital banks so that unknown coins would be skeptical for them. Everyone should learn to do their own research.

[Lanatsa]

Ordinary people are always unstable think bitcoin and others cryptocurrencies have decentralized and lost can't be recovered. They have to think about cryptocurrencies with wrong direction and information.

Therefore, they should need at least do know on whats the basics because this is the most important thing for a certain person to have when dealing up with something that he hadn't encountered before.

If they do feel afraid then yes I cant really blame out some people because that's due to lack of knowledge and awareness on what it is all about and even myself had really that hindrance on first glance

when knowing about bitcoin or crypto since its totally new then you would be normally having that kind of reaction so the best way to get rid of that is to make your own research and learn up new things
connected to it.

[ROBERT B]

Because they don’t understand Bitcoin, the Bitcoin they know is not correct. Many media will publish some negative news about Bitcoin. Some people will first see this news and think that Bitcoin is not good, so they won’t understand it, but They know that Bitcoin is bad, and then they tell his friends that many people will not be optimistic about Bitcoin, thinking that Bitcoin is a lie, so they dare not touch Bitcoin.

[Liamttw]

Bitcoin is a new thing for traditional industries, and many people will be prepared for new things and will not take the initiative to learn about it. They don't know the purpose of Bitcoin, and they don't understand the benefits of Bitcoin. They will only see in the news that some countries are cracking down on Bitcoin, the government does not support Bitcoin, and its price is unstable, which will make them think that Bitcoin is a scam, so they will be afraid of Bitcoin.

[tiCeR]

Ordinary people are always unstable think bitcoin and others cryptocurrencies have decentralized and lost can't be recovered. They have to think about cryptocurrencies with wrong direction and information.

Therefore, they should need at least do know on whats the basics because this is the most important thing for a certain person to have when dealing up with something that he hadn't encountered before.

If they do feel afraid then yes I cant really blame out some people because that's due to lack of knowledge and awareness on what it is all about and even myself had really that hindrance on first glance

when knowing about bitcoin or crypto since its totally new then you would be normally having that kind of reaction so the best way to get rid of that is to make your own research and learn up new things
connected to it.

The problem for some people is that it requires effort to understand Bitcoin. Going down the rabbit hole takes time and effort. What's also a problem is that some people have a kind of mental resistance against learning about new stuff, and in particular against learning about new technologies.

There are those who find that exciting and can't get enough, and there are those who throw their TV out the window when the remote control doesn't do what they want it to do. How should the latter ever understand what Bitcoin is and what it does?

[Nora Olin]

When I entered the crypto market as a newbie, I knew very little about it. After studying with friends for a while, I started to understand how to look at the situation and bought Bitcoin. After all, Bitcoin is the leader in encryption. Therefore, some people who don't understand the encryption field just hear these things they don't understand, and have no practical experience.