Why do ordinary people feel afraid of Bitcoin?

[Ibrahim60]

Ordinary people don't know about Crypto currency. They just know and believe showing things. They don't believe electrical currency. They afraid of it. They hesitate to use Crypto. Somehow any ordinary people know about Bitcoin but he don't want to invest on it though Bitcoin is potential and good coin. I think day by day everyone will know about Bitcoin and other crypto currency and after that they don't afraid of Bitcoin.

[DarkDays]

There is not a simple answer to this but I dare say that a fundamental factor underlying this is definitely the lack of interest and/or education around this space.

Too often, I hear people voicing their opinion about Bitcoin, and I hear the same thing, time and time again. To them Bitcoin is just a scam and a way to lose your money if you dare get near it! Even now I hear the same thing and despite trying to tell them otherwise these people seem to have their mind blocked from hearing out other people's thoughts, they will not be moved from their 'ideal'. This is WRONG.

This needs to change but unfortunately it won't change unless these people, common people, want to make that chance and accept that their wiped idea is far from reality.

[blockman]

Ordinary people don't know about Crypto currency. They just know and believe showing things. They don't believe electrical currency. They afraid of it.

It isn't electrical currency, it's better to be said as cryptocurrency or digital currency. That sounds entirely different if you would call it as electrical currency.

They hesitate to use Crypto. Somehow any ordinary people know about Bitcoin but he don't want to invest on it though Bitcoin is potential and good coin. I think day by day everyone will know about Bitcoin and other crypto currency and after that they don't afraid of Bitcoin.

They would know about it. If someone tells it to them directly or if it keeps on showing some news on them through social medias or when they do their own act to search what it is all about.

[worldofcoins]

Bitcoin may often be used on the black market by certain people, because virtual money is not directly monitored by the government.  This is what makes people hesitate to use Bitcoin because it is mostly used for criminality.  In fact, not all Bitcoin owners use it for crime

I agree with you regarding bitcoin being used illegal purposes and in illegal markets.
However just because there are some negative aspects to bitcoin doesn’t mean its use should be withdrawn.

[Amejoaquim]

Because they don't know about bitcoin and scared to take the risk or maybe they just jealous because they investment cant rise higher than bitcoin.

I already meet a lot of people's who talking shit about bitcoin and i just pretend to smile but i actually don't really care about what they said because i really know how good bitcoin it is.

[iTradeChips]

So, I assume that when you say ordinary people you say ordinary like very common people, those who have almost zero knowledge of cryptocurrencies. Well, for one they won't be afraid of Bitcoin, simply because they have not heard of it. Second, even if they heard it they will not be afraid, why would they be afraid of Bitcoin? Is bitcoin a monster that they need to be afraid with? So in my opinion the title of the OP's post is not really well thought of. Bitcoin is not a monster for people to be afraid of. They will shrug it off because they don't know anything about it.

[reelstuff]

Interesting, I just had a friend who I went to  highschool with asked me about if Bitcoin was something he should look into, this was several months ago, at the time, I think BTC was around 30,000.   I told him that I had bitcoin and was in on it from the beginning, (with disclaimer, (this is not financial advice) LOL)  I do not know if he decided to invest or not.   (have not heard anything so I think he did not buy any) who knows for sure but it does look like the average person is just not going to be interested in nerd stuff, (That is basically what this is) Nerdsville, If you were a nerd in school, chances are that you are doing much better than your contemporary classmates.   The one thing that is interesting here about BTC that is, Inflation is not a problem, this is the opposite of classic inflation like in the past, in the 1900s, Hyperinflation, with regard to paper money because a real issue, As well today, we have paper money that has been inflated by printing more money, which devalues the overall value of that currency.   With Bitcoin, it is the opposite at least for now.   I expect the price to go up and down, with a big adjustment likely coming up this month or early next month.   But it will go back up.

[Dutchyyy]

People are not afraid of Bitcoin and cryptocurrencies, they are afraid of uncertainty and the chance of losing all their money and savings.

Most people live day by day and this does not allow them to think about where to invest their money for the simple reason that they barely make a living from salary to salary.

People are afraid to step out of their comfort zone, not specifically Bitcoin or some cryptocurrency.

[best123]

My watch word in business is "risk is involved in every thing". One thing you should know is that our level of risk taking varies. Lack of information also promotes fear. I have a boss that is always playing safe but he called me recently and asked me, I want to know more about this Bitcoin and cryptocurrency you have been talking about. I want invest; tell me how I can make money it?
Investing in cryptocurrency was one of my best decision ever taken.

[molsewid]

There is not a simple answer to this but I dare say that a fundamental factor underlying this is definitely the lack of interest and/or education around this space.

Too often, I hear people voicing their opinion about Bitcoin, and I hear the same thing, time and time again. To them Bitcoin is just a scam and a way to lose your money if you dare get near it! Even now I hear the same thing and despite trying to tell them otherwise these people seem to have their mind blocked from hearing out other people's thoughts, they will not be moved from their 'ideal'. This is WRONG.

This needs to change but unfortunately it won't change unless these people, common people, want to make that chance and accept that their wiped idea is far from reality.

I guess aside from the lack of background or idea of an ordinary people about cryptocurrency especiallly bitcoin i think the mere fact also that the scammed were timely relevant was also one of the causes why ordinary people are afraid of Bitcoin. To be honest, the name of Bitcoin were so used in many scam tricks of scammers, make it as a front page on their website to attract people. Hence, scam were not only applied in Bitcoin but in any kind of platforms it happen so we should be very careful because not only ordinary people fall on their trap.

[bryant.coleman]

Previously ordinary people used to be hesitant to invest in Bitcoin. Because Bitcoin was not supported by the banks or other mainstream financial institutions. It was also not legal in many of the countries. But the situation has changed with the entry of corporations such as PayPal, MasterCard, MicroStrategy, Tesla and New York Life. Now ordinary people believe that Bitcoin has become more mainstream and it is safe to invest in it.

[uelque]

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

[Hamphser]

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

To think that we are also into those times where we are just ordinary people too on where we do still lack knowledge and doesnt really much have idea about this market.

We cant deny that at first we do really have that kind of hesitation inside on dealing up with things because we dont know if this is some another sort of scam in the internet.

I admit that i do have that kind of feelings when i do first encounter this market.Being afraid is normal because we dont know on whats coming or we dont like
to lose money and its just a normal thing but once you do able to get the knowledge then thats the time you would realize things.

[rosebrand]

Well people at the outside world of bitcoin sees bitcoin differently from the way we see bitcoin, there discriminate bitcoin ignorantly and tag the individual scam activities on bitcoin thereby making bitcoin looks like a high risk investment but here we are benefiting from same bitcoin there see as scam, truly there are really ordinary people because there can't really see the benefits there stand to archive from bitcoin and  most of them are just being afraid of price volatility unknowingly to them that price volatility is really what makes bitcoin beneficial to investors and traders.

[AsongJosh]

Actually, what someone does not know is a not just a problem. It is a huge one! Expect ordinary people to still have fear when Bitcoin is the subject.

Personally, the time I knew nothing (or little) about Bitcoin, I never dreamt about investing in it. However, having come to know a little bit beyond just its name, is why am here.

[blockman]

Actually, what someone does not know is a not just a problem. It is a huge one! Expect ordinary people to still have fear when Bitcoin is the subject.

Personally, the time I knew nothing (or little) about Bitcoin, I never dreamt about investing in it. However, having come to know a little bit beyond just its name, is why am here.

And that's why for some, they don't want to know about bitcoin. They have no plans of investing in it. Even they knew about the existence of it when they knew the volatility of it, they might reject investing in it.

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

Yeah, the volatility is what they're scared of. They're not willing to take the risk of it and even they start knowing it but when they're afraid of volatility, they'll decline.

[Ryker1]

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

Yeah, the volatility is what they're scared of. They're not willing to take the risk of it and even they start knowing it but when they're afraid of volatility, they'll decline.

Well, that is the fact that most people are afraid to invest, but the difference between us and them is totally different. We are fully oriented regarding volatility and how bitcoin will work, that is why we don't afraid even though that is the nature of bitcoin. In short, --we can manage the possible risk in cryptocurrency, unlike them always afraid of anything not only the volatility, perhaps there are too many what if, what if that hack, what if I lost my bitcoin, what if bitcoin did not accepted in my country and etc. Those are big questions on their mind, where about us, we already aware and know how it technically works.

[kopijos]

sometimes ordinary people only see the negative issues of bitcoin. when actually looking at bitcoin has a good positive side. just look at the current high prices and many people get profit there. then where are you worried about bitcoin, so I think it's just an exaggeration and it's not good for ordinary people.

[abel1337]

Well people at the outside world of bitcoin sees bitcoin differently from the way we see bitcoin, there discriminate bitcoin ignorantly and tag the individual scam activities on bitcoin thereby making bitcoin looks like a high risk investment but here we are benefiting from same bitcoin there see as scam, truly there are really ordinary people because there can't really see the benefits there stand to archive from bitcoin and  most of them are just being afraid of price volatility unknowingly to them that price volatility is really what makes bitcoin beneficial to investors and traders.

People who are outside cryptocurrency space probably see bitcoin and other cryptos as a scam because of those scammers who are using bitcoin and other cryptos as a tool in their scheme. People judgement is just based on what they only see that's why we can't blame them. The lack of knowledge about bitcoin and how it works make them very uncomfortable even trying it.

There are people who hate new things or has a hard time dealing with it, that's why they tend to just put their ignorance in it.

[bct-user]

In my opinion, ordinary people don't really know Bitcoin and they saw FUDs from bad people. This may be the common reason for many people to be afraid of Bitcoin. There are too many FUDs and those people are sometimes lazy to check whether it is true or wrong issues. However, I think most people are starting to be not afraid again now because they already know about Bitcoin from many valid sources.