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Author Topic: Why do ordinary people feel afraid of Bitcoin?  (Read 3587 times)
Fredomago
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August 05, 2021, 07:58:33 PM
 #381

I think it's the initial reaction for someone who has zero knowledge to fear Bitcoin, I myself back then used to have doubts about Bitcoin, later on realizing how legitimate it is and how big it will be in a few years, looking at it now, Bitcoin is still feared by some people, but with technology advancing and people slowly learning how important Bitcoin is or cryptocurrency alone to a lot of people. 

I think these ordinary people can still learn about everything about Bitcoin, the lack of knowledge about the market and Bitcoin is one of the reasons why some people say that it's nothing but a scam, then they later on realized how rich they would be if they bought back then.

If they focused their minds and open it up not just that doubts to conquer everything about Bitcoin, the potential is high and the benefits to those who take their steps learning this system is really good.

It's very common to everyone who have zero knowledge about this industry to doubt and to fear, since it's deals with money.

They don't want to lose so some are not willing to take steps instead of pushing forward they forget about it, missing their opportunities to take advantage of what Bitcoin have to offer.

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August 05, 2021, 10:06:25 PM
 #382

the different is they dont know how bitcoin work. lack of information and experience make people still stay on that place. nevermind if someone dont cross that line, but, they must learn about technology, and always update what world do. and, yeah, not only ordinary, member still afraid of bitcoin, in different meaning
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August 05, 2021, 10:37:49 PM
 #383

the different is they dont know how bitcoin work. lack of information and experience make people still stay on that place. nevermind if someone dont cross that line, but, they must learn about technology, and always update what world do. and, yeah, not only ordinary, member still afraid of bitcoin, in different meaning
And this is where you do really teach off someone if they do tend to ask and at least giving out the basics so that they would able to understand it completely without going into those technical aspects.

Being afraid is normal but doesnt mean that we shouldnt touched up specially if we do see that it is becoming the new trend or on where it does have big community.You should open yourself
into new opportunities which might give you a chance to make profits and make yourself better in terms of finances. Getting scared is normal but that not means you should stop on discovering.

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August 06, 2021, 07:38:15 AM
 #384

I was scared the first time I came into contact with Bitcoin, because it involves my money, and I dare not take my money to risk it because I don’t understand Bitcoin.
Later, I gradually learned about Bitcoin, and I fell in love with Bitcoin. I think Bitcoin is really amazing. He has technology that surpasses current technological development. I admire the people who issue Bitcoin. He deserves our respect.
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August 06, 2021, 10:28:34 AM
 #385

Ordinary people feel afraid to invest and  Trade Bitcoin because it is risk no one know about market volatility and its price is unpredictable so ordinary people afraid to loose his money in Bitcoin.
Bitcoin is a virtual currency with a completely uncertain invisibility, no precise documentation or or documentary. Many people call Bitcoin a hidden coin because its market value fluctuates all the time.No specific criteria can be used to control the investment. So many people do not want to invest in Bitcoin for fear of losses.
In fact because of the fluctuation in it price that is why some people classifies bitcoin as a ponzi scheme MMM when some  hodlers or investors earned 2X or 3X profits in their investment it will quite be difficult to explain and convince such a reasonable amount of profits to ordinary people, who are afraid that their investment might get yield any returns rather disappear without any trace just like some sad experienced they encountered in investing in MMM it takes a lot of conviction and efforts to encourage such people into investment in bitcoin because of fear not losing there money, personally I was afraid too when I firstly came to know bitcoin I have to take the bull by the horn and did a thorough research about bitcoin before coming to a logical conclusion of the trust, credibility and reliabilty of bitcoin.

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August 06, 2021, 10:40:54 AM
 #386

You will certainly be afraid of snakes if you hear too much of people's words and never try to touch them, so is Bitcoin.  i have a coworker who says that Bitcoin is dangerous, it is a hacker's weapon and can deceive people, my question is simple to him "has he ever bought Bitcoin" his answer is no. 

often people think about Bitcoin without finding out in detail what it is, so they have the wrong perception of Bitcoin.

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August 06, 2021, 11:19:13 AM
 #387

For many, bitcoin is something incomprehensible, and if it cannot be picked up, then it is suspicious.
Deep knowledge and also understanding and trust those are the most needed thing in bitcoin investing . manyu people are afraid of this because the security and also the advanced of crypto is what make more people not convince of the thing.
I was scared the first time I came into contact with Bitcoin, because it involves my money, and I dare not take my money to risk it because I don’t understand Bitcoin.
Later, I gradually learned about Bitcoin, and I fell in love with Bitcoin. I think Bitcoin is really amazing. He has technology that surpasses current technological development. I admire the people who issue Bitcoin. He deserves our respect.
i know when this realization comes, last 2017 when the market hyped so high that you never imagined will happens?

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