Why do ordinary people feel afraid of Bitcoin?

[blockman]

Some people like guaranteed money. They like taking risks little and want to see their money physically. That's why bitcoin is scary for them. But over time, they will get used to and famous millionaires will turn to bitcoin.

That's late for them when they're looking to the bitcoin millionaires. It's just going to be a dream for them that they have invested in it when it's too early but they didn't like it because they didn't look at the technology that it has.
And they'll understand that there's really no guaranteed money and will praise those holders who have been holding it even before when it's priced in little.

[giantrobot]

Are you saying those of us who have the courage to be part of this space are extraordinary people  
The thing is many people are often scared of what they don't know or have no knowledge about, they just assume btc or crypto is bad because of what they have heard and read, if only they can spare some time to acquaint themselves with btc they will love it and be glad they are part of it.

As far as I think all ordinary people are afraid of Bitcoin. Part of them are afraid to participate in this market because they have no knowledge and clear understanding of it. And the scary thing is that the value of Bitcoin is too large, the poor do not have enough money to spend investment. If unfortunately at risk, they will default and bankrupt. And we entered this world was a courage.

[jerrison]

It is normal for people to feel less confident in a thing they have little or no idea about and most especially as it concerns finances as they do no see it as something that should be joked with. loads of people do not play with their money for any reason and again tey feel the volatility of the technology can consume their ersources.

[kidbounty]

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.

[ECOS_CloudMining]

We don’t think that such big companies like Amazon, Tesla, Visa will use crypto without thinking about the future. Obviously, they believe in BTC and a crypto world because they’re sure that soon more companies will accept cryptocurrency and more people will invest in it.

[rjsolutions28]

It takes guts to invest in bitcoin or crypto in general. So if you're not ready to risk it, then you're not cut out for bitcoin. Besides, bitcoin is just one of the many coins in the crypto world.

Check out Netcoins.ca if you want to know more about the basics of Crypto and how to profit from your crypto investments.

[jerlen17]

People are sometimes afraid of to something especially when they do not know much about it. It is a normal reaction if they have no idea of what bitcoin is all about and never heard about crypto world. We must explain to them very well to give an idea of ​​what bitcoin is so that they can lose their fear and to have an opportunity to invest and make profit.

[Sithara007]

Among those who are middle aged and elderly, there is a thinking that most of the internet-related schemes are Ponzis. Unfortunately, their thinking is not entirely misplaced. Even in the cryptocurrency sector, we had a few multi-billion scams. I am talking about Ponzis such as Onecoin and PlusToken. The perpetrators of these scams are yet to be arrested and those who were victimized are yet to receive any sort of compensation for their losses.

[Stevcummings]

Someone told me not long ago: Bitcoin is a dangerous game. It is even possible for some people or groups to take over the blockchain through a majority and destroy the entire mechanism. People don't know they are playing these games.

For a long time buying Google at a high price, Amazon and Apple are both good choices for me.

Yes, there are a lot of stocks there, there are also cryptocurrencies, there are also many bonds and debt instruments.
In the US, there are obviously 9,600 mutual funds (quick Google search)
. The question is, which of the thousands is worth buying.

Just because some or many of the available options are not good investments, it does not mean that the entire asset class is bad.

The prosperity of encryption technology is just like the technological prosperity. They have got a lot of IPOs because of various stupid ideas. Most of these technology companies are stupid and not worth it.
Nowadays, there are many ICOs, most of them are stupid and not worth it.

However, there are still opportunities to realize value.


Also about digital assets. Digital assets have become a reality.
Did you know that Fortnite had nearly $2 billion in revenue last year?
Do you know what these billion users got? Different appearances in the game can give characters different dance moves.
You can play the exact same game without paying any fees.

People are often afraid of the fact that Cryptocurrencies lacks fundamental regulatory guidance which poses a number of risks to bitcoin holders and also visibility is a problem in any financial setting, and that’s just one of the problems of blockchain-based cryptocurrencies like Bitcoin. The wave of skepticism and unjustified criticism of cryptocurrencies is passing. Now, more and more people are getting aware of the benefits of investing in crypto and using this innovative mean of payment for various needs.

[kingkhan99]

they afraid of bitcoin because tey feel what government who is against cryptocurrency taught of crypto network, believe me  from these point of mine, one of the major element while many people is afraid of crypto is because all their mindset is that bitcoin is a scam, that with the aid's of bitcoin people can be easily duped from online shopping or online transaction, and some lack a tangible information towards cryptocurrency in general, so is best known to people who is afraid of bitcoin while they decides to isolate crypto network.

[Jacksoon999]

Are you saying those of us who have the courage to be part of this space are extraordinary people  Grin
The thing is many people are often scared of what they don't know or have no knowledge about, they just assume btc or crypto is bad because of what they have heard and read, if only they can spare some time to acquaint themselves with btc they will love it and be glad they are part of it.There are many ordinary people who have no idea about BTC they have never heard of it before and they have no knowledge of BTC if they had a little idea about BTC

[Alucard1]

We are ordinary people as well, we just learned about decentralization is more important than having wealth and assets that can be seized by authorities and fiat is just one of it.

If they don't know about Bitcoin then they should be afraid of it. There are scams in bitcoin and if you know nothing about the scams and Ponzi surrounding BTC, you'd be the next victim. But once you learn it, there is nothing to be afraid of. You won't even think it's volatile when you learn that its market is like ROM.

Yeah, that's true, we are all ordinary people, the thing is just we differ based on the knowledge we have right now, some people afraid on exploring the world of cryptocurrency because of thinking that bitcoin is a scam, I know that is one of their reason, even though they haven't experienced yet being scammed, they still conclude that it is a scam maybe because of some people who told them or on some articles. Yeah, there are so many scammers in this crypto world and you will get scammed once you trust them but if you have good knowledge then there would be no problem with that.

[grabpopcorn536]

I think they say Bitcoin is a dangerous game because they don't know how to hold it. No one has held Bitcoin before 2020 to complain about losses if they don't sell their Bitcoins. So don't try to trade Bitcoin to make a profit, keep it for as long as possible.

[blackened515]

Many people are scared of jumping into what they don't understand. Many are not informed about bitcoin and how it works. Some people needs someone to emphasize to their understanding what bitcoin is all about. Few persons actually thinks  bitcoin is a scam. But  truthfully, bitcoin is safe. Is not what one will be afraid of getting involved, also very secure. They just need enough information.

[Woodie]

1. Fear of the unknown
2. Some people out there see it as a pyramid scheme to stay clear of
3. Some people don't want to associate themselves with a medium that was/is linked to drugs
4. Its unregulated, which might make the risk high
5. Others think bitcoin isn't real

[conected]

1. Fear of the unknown
2. Some people out there see it as a pyramid scheme to stay clear of
3. Some people don't want to associate themselves with a medium that was/is linked to drugs
4. Its unregulated, which might make the risk high
5. Others think bitcoin isn't real

- And because of this naive fear, they are starting to be very lustful on the outside, they are feeling hungry just because they have seen the achievement many of us here have achieved, returns are relatively terrible for what they think the pyramid scheme is, returns are infinite with respect to the risk of a lack of control. The media and the contagion have concealed the delicious fruit here but this tradition has been abandoned for bitcoin recently, people on the outside were only scared when it was difficult for them to own a bitcoin.

[blockman]

Many people are scared of jumping into what they don't understand. Many are not informed about bitcoin and how it works. Some people needs someone to emphasize to their understanding what bitcoin is all about. Few persons actually thinks  bitcoin is a scam. But  truthfully, bitcoin is safe. Is not what one will be afraid of getting involved, also very secure. They just need enough information.

Not only a few people are thinking that bitcoin is a scam. Even these days with the help of mainstream media and popular institutions that have invested in bitcoin.
There are many people that don't believe in it and still think that bitcoin is a scam because of those scammers that have been using it to their tricks. That's the bad impression bitcoin gets from those scammers.

[bitzizzix]

Many people are scared of jumping into what they don't understand. Many are not informed about bitcoin and how it works. Some people needs someone to emphasize to their understanding what bitcoin is all about. Few persons actually thinks  bitcoin is a scam. But  truthfully, bitcoin is safe. Is not what one will be afraid of getting involved, also very secure. They just need enough information.

Not only a few people are thinking that bitcoin is a scam. Even these days with the help of mainstream media and popular institutions that have invested in bitcoin.
There are many people that don't believe in it and still think that bitcoin is a scam because of those scammers that have been using it to their tricks. That's the bad impression bitcoin gets from those scammers.

Naturally, if they think like that, because they do not understand bitcoin very well and other reasons many bitcoin users are hacked or experience losses and it makes him feel scared.
different from them or those who understand and have knowledge about bitcoin and anything, it's better to ignore ordinary people who are afraid of bitcoin and over time they will know the benefits of bitcoin and eventually regret it.

[Dread Pirate Roberts]

Not only a few people are thinking that bitcoin is a scam. Even these days with the help of mainstream media and popular institutions that have invested in bitcoin.
There are many people that don't believe in it and still think that bitcoin is a scam because of those scammers that have been using it to their tricks. That's the bad impression bitcoin gets from those scammers.

Probably if someone made a statement bitcoin is a scam they don't even know what crypto is. they also don't know what blockchain is. bitcoin is a revolution in computer and internet technology. if they don't know bitcoin in the first place how they could believe what potential in bitcoin?

[blockman]

Not only a few people are thinking that bitcoin is a scam. Even these days with the help of mainstream media and popular institutions that have invested in bitcoin.
There are many people that don't believe in it and still think that bitcoin is a scam because of those scammers that have been using it to their tricks. That's the bad impression bitcoin gets from those scammers.

Probably if someone made a statement bitcoin is a scam they don't even know what crypto is. they also don't know what blockchain is. bitcoin is a revolution in computer and internet technology. if they don't know bitcoin in the first place how they could believe what potential in bitcoin?

If someone tells them that bitcoin is a scam and they're not knowledgeable about it, they would plainly believe that person without digging much about the true potential of bitcoin.
There are a lot of people that only listen but don't verify information that they're hearing from other people. It's a sad thing that many are gullible with false information without doing depth research.