Why do ordinary people feel afraid of Bitcoin?

[(o)(o)ilikeboobs(o)(o)]

Bitcoin is volatile and volatile. Newcomers can lose a few thousand dollars and they may decide to cut their losses quickly despite their long history of bullishness.
Bitcoin is not yet accepted worldwide, it exists on the internet and is managed by each user so they will have to carefully manage their money. Bitcoin is different from stocks, gold or real estate, or collections. If they forget their password or Bitcoin account recovery phrase they will lose their money forever.
There are also many rumors about the risks of Bitcoin that make users not persistent when holding Bitcoin in the long term.

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[Hughes_Ryan]

Ordinary people have no investment or business mindset, they are afraid of risks, they are afraid of all kinds of things.  They don't have the confidence to learn about bitcoin.  Even if they listen to the rumors, they will run away without any care.  I don't know how to describe it.  But that is of the nature, they just want a stable life without events happening, work ready.  That is happiness with them.

[izsara]

it is only natural when people who are just starting to explore the world of crypto are very afraid when dealing with bitcoin
This makes sense because the first bitcoin is very expensive for now, even though it has been corrected, but still the current amount of bitcoin price is very expensive, besides that the risk is very large, we remember that in the past few years bitcoin went up to new ath then dropped drastically, as well as now bitcoin has risen again to new ath continues the correction is quite deep.
maybe this is what causes ordinary people to be afraid of bitcoin

[raji1995naya]

It all depends on what you mean when you say "regular folks." Ordinary folks who merely work in an ordinary workplace from paycheck to paycheck do not like risks and desire something that is less risky but more reliable. If you mean regular folks who haven't invested in Bitcoin since its inception or who have invested during its downturn, they may have a variety of personal reasons.

[germsite]

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

The last point is important because it refers to the fact that most people can't explain what money is. Money is a social construct based on trust and not the government gives it value, but the people who use it. If they understood that, they'd know why Bitcoin has value with all its superior properties.

[iamsheikhadil]

Ordinary and common people will always have the fear of unknown, like, if today I introduce you to a completely strange system and tell you how it can change the future of the world and eliminate evil, you will obviously be skeptical about it which is quite natural and normal it's not wise to believe anything blindly without doing proper analysis of it and using some brain cells

[ArIMy11]

Because ordinary people do not have enough knowledge about crypto. Due to that some other people may use their innocence to scam them. Another reason I am seeing is that, they think that it is networking or pyramiding. On the other hand many kind of online scheme can earn thru referrals, and encoding so they may think that crypto is the same thing. In that case, they may avoid crypto without really knowing what crypto is.

[ILuckyGuyI]

Ordinary people are afraid of Bitcoin because of its high volatility I guess. And they don't know much about its system as it is completely different than fiat money. I said high volatility because not everyone is very eager to make an investment into it just for that reason.

[KeikoKitagawa18]

I think because they still don't understand about bitcoin and don't have any idea how big bitcoin could be in the future. I had friend and he has a expert in stock market even the price of BTC already rise every year she still don't believe and scared about volatility crypto.

[ropyu1978]

Because ordinary people do not have enough knowledge about crypto. Due to that some other people may use their innocence to scam them. Another reason I am seeing is that, they think that it is networking or pyramiding. On the other hand many kind of online scheme can earn thru referrals, and encoding so they may think that crypto is the same thing. In that case, they may avoid crypto without really knowing what crypto is.

I really agree with your opinion, friend, ordinary people don't understand what bitcoin is, what is crypto, those of us who have been playing crypto for a long time feel restless too, especially ordinary people who don't understand bitcoin, internet, indodax and others, especially at the end. elon musk twet the negatives about bitcoin,
so be a good senior, for beginners who are just learning about bitcoin don't ever take advantage of newbies who are just learning ``

[Expecto]

They are afraid because they don't count cryptocurrencies as real money due to its not being physical.  And this can be really one of the most old-fashioned thinkings.    Digital money is our future. We already use credit cards instead of paper money, for example. Why don't they see it in the same way? The other reason of being afraid could be its volatility. People who don't have much knowledge about this market are afraid to lose a lot of money if they invest in a crypto.

[SoeNan89]

Because in an instant his fate changed, either from hardship to pleasure or from riches to poverty, if those who buy bitcoins when prices are low and sell them when prices peak, of course they are very happy, but if buy bitcoins when prices peak then the price decreases  this can drop his fate from rich to poor, if the capital is from debt, the fear must be extraordinary.

[Tristan Bieber]

Yes, I was afraid to invest in Bitcoin when I didn’t know exactly what Bitcoin was. Even then I thought it was a scam, but after entering a new company, because the company was in contact with blockchain-related , So I had to learn the relevant knowledge of cryptocurrency. After learning, I realized that Bitcoin is not a scam. Indeed, its existence has changed the world. The blockchain technology it relies on is also worthy of being applied to all aspects of life. In all respects, everyone who is afraid is because they don't understand Bitcoin, but they just hear that they lose money by buying Bitcoin, so they think it is Bitcoin's fault.

[clint25n]

every investor always has bitcoin, depending on how much they have, it really affects every investor. what's more, currently the price tends to be less stable.it will also affect a person to have more or less a value against bitcoin. maybe This is an investment that must always be patient in the face of an increase or decrease in the price of bitcoin

[ropyu1978]

ordinary people are afraid of bitcoin it's normal, they haven't played in bitcoin, and they don't understand about bitcoin, so it's natural that they are afraid, but they keep trying and keep learning I'm sure their fear will definitely disappear, just like us, we used to be afraid too, but with us learning and learning how bitcoin works, slowly we dare to step up, and dare to take risks, to be honest if we continue to be afraid of risk forever we will never succeed..

[Aureliusy]

Media makes them feel like that way.  They have been portraying bitcoin mostly with  negative associations: Tulip pyramid scheme, black market, criminality etc.  No ordinary person questions the magic of the mighty dollar.
which is criminal proof, not used for white washing and does not have a printer that goes brrrrr.

[dimonstration]

Because in an instant his fate changed, either from hardship to pleasure or from riches to poverty, if those who buy bitcoins when prices are low and sell them when prices peak, of course they are very happy, but if buy bitcoins when prices peak then the price decreases  this can drop his fate from rich to poor, if the capital is from debt, the fear must be extraordinary.

That's why investments should not come from debt. When investing consider it as an excess money something that we can wait not to use when the price is too low or not to sold easily or better to use the profit into another generating investment. The market is too volatile that anyone should know how risky it is. Many tries it without knowledge ended up not really using the opportunities that can get in crypto investing. Nothing will happen if we only got fear better learn how to recover the fear by studying thearket.

[bayblade32]

Theres a good book that help me answer that question to myself years ago :

"Innovation and Its Enemies" by Calestous Juma

[bitzizzix]

There are many reasons why ordinary people are still afraid of bitcoin, which is definitely because they do not have the knowledge and understanding of bitcoin and only know the risks without knowing the benefits.
and as long as there is bad news about bitcoin, they will not try it and over time if they have curiosity they will try to learn it supported by positive news about bitcoin.
and apart from that nothing regulates bitcoin and nothing requires them to get involved with bitcoin, just their own awareness and belief in bitcoin.

[SaShiRaJaVu]

There are many reasons why ordinary people are still afraid of bitcoin, which is definitely because they do not have the knowledge and understanding of bitcoin and only know the risks without knowing the benefits.

The major reason why majority of the people is staying away without investing in cryptocurrency is because of the high volatility and that combined the number of scams taking place in the market and the number exchange hacks and most of the time these exchanges cease to exist after the hack leaving its customers dry and with all these risk involved majority will stay away from the market because the risk weighs much higher than the benefits it offers.