Can this be the reason some people are afraid to invest in Bitcon?

[Chucksmark]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

[Dunamisx]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money.

Such is meant to happen but for only the timid ones who fear enough from taking risk by giving a try, here they want a change but don't want to be involved in the change system.

However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc.

Nothing bad in visiting those sites but investing with them is the worst risk, centralized exchanges are like banks in disguise.

People are afraid because they were taught to be afraid as child.

Who taught them to be afraid? That means they are yet to know anything about bitcoin if they are truly afraid.

[Z-tight]

There is no one reason why people are afraid to invest in bitcoin, they can be scared away with what they read in the news, their age, or what their friends tell them, they can also be afraid to invest in bitcoin because they lost their funds, or someone they know lost theirs, so many more reasons are possible.

But it goes without saying that all of those reasons are a fault of the individual and not bitcoin itself, which is a network that is almost perfect, so for people who aren't afraid and are part of the network, they have nothing to worry about so long as they have the knowledge, and know what to do to avoid loss.

E.G: If i buy bitcoin today, and i keep it in the wallet of any exchange, if that exchange is hacked tomorrow and i lose everything, i should learn from it and be afraid of centralized exchanges and not bitcoin.

[franky1]

bitcoin was/is promoted to the groups of people that fear banks, fear custodians. or dont have a bank account due to undeveloped countries.

so then having to put money into an account to get bitcoin.. is a slap in the face of the promise

under developed countries should develop local kiosks (like africa does with M-pesa)
thus skip the whole bank account->CEX part

basically trade locally/face to face rather then rely on central services

[NeuroticFish]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

Your post is somewhat confusing.
First of all, it's normal to be cautious about everything. It's not about being taught as child, it's about evolution. Else we would be still eating mostly poisonous mushrooms.
The problem is that people were taught to trust authority, and authority is (at least sometimes) unreliable or blatantly incorrect.

What's the issue with education system? Simple: in many cases is insufficient and poorly structured, hence not getting enough people to the point they can think for themselves (hence they rely on what the authority tells them to do).
So yes, educational system has issues, but calling it bad is unfair at best. And this is what you imply. And nothing stops us from helping our children get more info than the educational system provides and learn how to use best that info.

You say you're a victim. Victim of what? Of education? Victim of exchanges? (What does some unknown exchange do between known and reputed exchanges?)

[tbct_mt2]

People are afraid because they were taught to be afraid as child.

It is normal and natural to feel fearful and hesitating when you are exposed to something really new to you. We are all feel hesitating to get in with something new. Bitcoin is something weird and can not easily understand for the elderly. I implied that the ages affect how people accept or don't accept Bitcoin. If you are young, teenagers, in 20s, 30s, you are more likely to accept Bitcoin.

For people from 40s to 50s and above, it is harder for them to accept it.

This is, unfortunately, what the educational system does.

Age affects our readiness to learn something new including learning Bitcoin. Education about Bitcoin, blockchain for the young is a good approach. It will help to increase Bitcoin adoption in future.

[Nrcewker]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

We were always taught from out parents or from educational institutions to always be careful with money.
So yes a mindset has always been drawn that when there is risk we shouldn’t invest any money. But people have forgotten the prime factor that when the risk is high, the return of investment is also great.
Nevertheless OP ,i can see your feelings that you are really upset, as you are not an early investor of the coin, so definitely you are feeling bad. But guess what currently Bitcoins price are best,so use this advantage and buy as many coins as possible.

[avikz]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

This fear against bitcoin is promoted by banks. Even in last year, bitcoin always made appearance in every Bank's mailers where it was showcased under a negative light. So where people are so dependent on the banking system, they will grow a negative mindset against bitcoin. They grow fearful of any such new innovation. Unfortunately that's how human mind works! You tell bad things about bitcoin for 50 times to someone and they will eventually start believing the same. But thankfully the younger generation is able to show courage in new things and innovations.

[ChiBitCTy]

You make a good point here and I agree. As I’ve shared this many times, here’s a GREAT quote from Andreas that covers this topic ..

"I think many of the intellectually honest people eventually stop being critics, because they suddenly realize that the flaws they are identifying are temporary features, issues, and not inherent problems. There are very few inherent problems in a dynamically evolving design or ecosystem of different designs all competing, that cannot be resolved.  There are critics who criticize this technology primarily based on their world view.   It is politically inconsistent with their world view.  It’s not that they do not like the technology it’s that they do not like the implications of this technology and the primary criticism you get then is “this should not be” to which all I can answer is ..and yet it is.  “but we mustn’t”… and yet we did, “but you shouldn’t”.. but yet we did"- Andreas Antonopoulos.

[ancafe]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

I think it's a normal thing. but one thing that needs to be understood, it's not taught to be afraid since childhood, but it's education to be careful of scammers out there. with education like that, we finally become careful when it comes to new things. however, to let people know that it's legit, they keep learning. For example yourself, you once felt victimized by it, and now know that some of it is legit. I think, you know that by gathering information, and studying. it happened to me too.

[noorman0]

-snip-
This is, unfortunately, what the educational system does.

In which country do you live? Academic education isn't just about cultivating investment paranoia in students, it's still part of long-term financial planning and isn't necessarily a bad choice. Mainly because most school curricula are outdated so they don't really follow more modern types of investment

-snip-
I am also a victim. Wish I had joined this forum earlier.

Your regrets are a form of retrospective of your experience that requires increased knowledge that influences your next investment decision. Not really ending.

[Rruchi man]

People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

Will you call it fear or rather people just trying to be more careful and cautious? I wouldn't blame anyone though, the times we are in calls for extra care and caution from everyone especially with the distinction between dubious and credible becoming fainter by the day. What I will always say is the source where one gets their information about something in this case bitcoin, matters a lot and can go a long way in making people believe in it's credibility faster. A good and credible and solid source of information always invokes interest and can quickly clear doubts.

[TheUltraElite]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money.

Not true for every person. An old aged person trying to save their money while investing the same to make some more will always be skeptical about their money and hence be cautious about newly launched assets that their government has turned a "grey eye" to. Try to think of it from their perspective and you will understand.

However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I dont blame education systems but how a person takes their education. If they keep an open outlook they will be able to learn a lot more. But this does not mean that they will go for bitcoin. Rather they may stick to traditional assets. It depends on a lot of other factors.

I am also a victim. Wish I had joined this forum earlier.

If you keep thinking of yourself to be a victim you will not be able to progress. But there is a time to everything and it is possible you might profit a lot from your bitcoin portfolio.

[kryptqnick]

Schools and education can be very different, not every teaches one to be afraid. Moreover, sometimes it's important to be cautious, and I'd say feeling insecure when using centralized platforms is a healthy approach because many make a mistake of carelessly storing their coins on a centralized platform and then suffering when there's a hack, an exit scam, or an exchange freezes the funds and asks for things related to KYC.
I think most people aren't investors into anything, and of those who invest, the majority would prefer a low-risk investment. Bitcoin is highly volatile, and the risks shouldn't be underestimated. People who are afraid of investing should stay away, it's better for them and for the market. For them because they remain calmer people and make responsible decisions. For the market because we already have plenty of panic sellers, and having less could help make Bitcoin more stable.

[Solosanz]

In life you need to try as much as possible, this will make you learn a new thing and it's good for your journey. If you're always afraid and worried before try a new thing, you wouldn't learn and don't regret if your friends are become success quicker than you. It's start from a mindset, feeling afraid would destroy your life.

I think they're afraid because the government ban, religion issue, volatility, no physical appearance and always think someone has a control behind the market. Of course each people will have different reason, but if they're really learn Bitcoin and at least understand how it's work, they wouldn't afraid anymore.

[YOSHIE]

People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I just heard the term fear of someone who wants to invest, who, who teaches fear since childhood, if they want to invest, parents or teachers, if they teach them to do that, they are completely orthodox.

In my environment, on the contrary, many of those who are responsible for the upbringing of children are required to invest since childhood, it teaches them to be more independent and have a future, Bitcoin is a good method of choice if someone wants to teach children how to invest, in fact, all things certainly have risks, Bitcoin is not a bad risk they know early to invest.

[salad daging]

Every teacher in education always teaches to be independent and how to do it, including investing since now so that in the future you can achieve success. Any investment can be done.

And indeed bitcoin is not a bad thing because in my opinion investing now in bitcoin is becoming a more valuable asset, don't we want to go forward and succeed in achieving it?
Excessive fear of not going to do something that becomes an experience is actually a concern for you who always fail because you don't try it.

[isaac_clarke22]

~

Back in my high school, no one taught anything about handling of money until I took Business and Management Strand in my Senior Level. Knowing that some schools and some individuals are taking step forward to teach their students/people pertaining anything crypto and the blockchain, surely we are now stepping away from that kind of mindset of a "typical human mind".

Ironically a schoolmate of mine during those years, introduced me roughly to crypto without any definition. It is just that "yo look into Bitcoin, trust me it is not anything illegal or something you should be worried about once you get it".

[Sanitough]

There is no one reason why people are afraid to invest in bitcoin, they can be scared away with what they read in the news, their age, or what their friends tell them, they can also be afraid to invest in bitcoin because they lost their funds, or someone they know lost theirs, so many more reasons are possible.

But it goes without saying that all of those reasons are a fault of the individual and not bitcoin itself, which is a network that is almost perfect, so for people who aren't afraid and are part of the network, they have nothing to worry about so long as they have the knowledge, and know what to do to avoid loss.

E.G: If i buy bitcoin today, and i keep it in the wallet of any exchange, if that exchange is hacked tomorrow and i lose everything, i should learn from it and be afraid of centralized exchanges and not bitcoin.

The only reason why a single person becomes afraid of investing because he lacks the knowledge and skills, and he is afraid to take the risks. He is afraid of losses so most likely investing in bitcoin would be out in the picture. However, not all people have the same behaviors towards bitcoin. Some are eager to take the risks because it’s the only way that they can make huge profits in the end. Although there will be inevitable losses at first but it will be overcome in the later part.

[Finestream]

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money. However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc. People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.

I am also a victim. Wish I had joined this forum earlier.

Each of us has our own fears, some have managed to overcome them while others stay fearful all the time. Schools may have been teaching us to never be afraid  and be brave, but I guess there are really some people who lack motivation and confidence to finally get out from their comfort zones. The reason why these people do not take risks investing particularly in bitcoin because they only get to hear and believe people who lose in bitcoin, but are blind to see the good things that people benefited from bitcoin.