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Author Topic: Can this be the reason some people are afraid to invest in Bitcon?  (Read 1281 times)
worldofcoins
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October 15, 2022, 05:38:08 AM
 #121

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.


Unfortunately, schools don't provide knowledge of marketing and dealing with stocks.
Only business degrees start to unveil the truth that many people thought of a big deal.

Ads of these companies above you mentioned, Binance, etc have their ads running on youtube, which are good in my opinion.
Again but having a hardware wallet is better than having running one on the internet all the time.
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October 15, 2022, 06:18:21 AM
 #122

Yes, fear has made many people to concluded that investing in Bitcoin is a scam some years ago, because their government did not give them the opportunity to know what Bitcoin is all about to humanity.
It's not up to the government to let them know or have a go signal to study bitcoin. Everyone is free since then up to this moment if they're going to learn about bitcoin, yeah, just learn about it without the requirement of investing in it on an instant.

I guess, those countries that made Bitcoin legal in their countries some years ago are doing well in all areas of their economy, and their bitcoiners are no longer afraid to make Bitcoin their choice in this bear season, which is a precious season to those that will use the opportunity to buy Bitcoins and hold for future purpose.
They've just seen how good bitcoin is and they understand what it is. Because before, they haven't seen such technology and cryptocurrency that can empower people and at the same time contribute to an economy.

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October 15, 2022, 07:09:57 AM
 #123

We can see it also from the people around us.
Most of them are afraid to invest in Bitcoin surely because of the FUD or egative news by the media. You know how Medica can make something to be worse ever right? that is why many people trust more media moreover the national media.
Additionally, they are also not sure about the investment in Bitcoin because they think that BTC is not real, only a number in digitalization. That this may make Bitcoin lost ever.
They also still think about how can invest in something not real, without any backup behind the number.
Because negative news from the government and famous celebrities in the countries where they live may also be a serious consideration for everyone who wants to invest in bitcoin, sometimes there are also billionaires who are not at all interested in bitcoin even they post negative things about bitcoin like Gates' post last month he said the way cryptocurrencies work today allows for criminal activity, he also said the world is much better without crypto, but for those of us who have felt comfortable in investing in bitcoin, we will never leave bitcoin for any reason.

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Sterbens
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October 15, 2022, 01:18:37 PM
 #124


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.


the reason people are afraid to invest in bitcoin is because they are afraid of losing, and because the value of bitcoin is unstable
not because of education, even when I was in school, the educators taught me to invest from an early age so that in old age I don't think about work anymore for a bite of rice, where old age is the time to reap the rewards of our investment
I don't think it's just fear of them losing money but too much narrative about bitcoin, that's what makes them even more afraid to invest in bitcoin. But now that concern has been reduced enough even though there is still a narrative that corners bitcoin. Let alone people who have not directly dived into bitcoin investment, sometimes people who are already here are still affected by widespread negative issues.

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October 15, 2022, 05:54:45 PM
 #125


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.


the reason people are afraid to invest in bitcoin is because they are afraid of losing, and because the value of bitcoin is unstable
not because of education, even when I was in school, the educators taught me to invest from an early age so that in old age I don't think about work anymore for a bite of rice, where old age is the time to reap the rewards of our investment
I don't think it's just fear of them losing money but too much narrative about bitcoin, that's what makes them even more afraid to invest in bitcoin. But now that concern has been reduced enough even though there is still a narrative that corners bitcoin. Let alone people who have not directly dived into bitcoin investment, sometimes people who are already here are still affected by widespread negative issues.
Major reason that makes people afraid and stay far from bitcoin and other crypto usage is the scammers. Mostly newbies get trapped by scammers, and makes those new to crypto people stop their interest on cryptocurrency. Further these people spread what has happened to them, and this will surely make a negative image on cryptocurrency.

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Chato1977
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October 18, 2022, 01:40:33 AM
 #126

We can see it also from the people around us.
Most of them are afraid to invest in Bitcoin surely because of the FUD or egative news by the media. You know how Medica can make something to be worse ever right? that is why many people trust more media moreover the national media.
Additionally, they are also not sure about the investment in Bitcoin because they think that BTC is not real, only a number in digitalization. That this may make Bitcoin lost ever.
They also still think about how can invest in something not real, without any backup behind the number.
Media has a big role to spread information and awareness to people but we cant guarantee that all of these informations are facts and not bias. If they spread negative things about crypto this can affect the mindset of the people (specially those only relying on news and dont have internet to verify the information).
Media is the most Lying agency we had, they will do anything just to sell their news and story even if they need to fool everyone just for the popularity and views so lets not get further in trusting all media outlets because there are only few that matters best.
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Just like before, wherein Bitcoin is used here as a tool of scammers to scam other people. Even Bitcoin is not scam and only use as tool, it has a negative impact to its image and people who have lack of knowledge and didn't not even bother to investigate further have this impression to Bitcoin as scam. Well, we really cant please everyone to believe, because if these people are interested they will do something to know the facts.
people tend to believe in what can bring them big profit and this is why bitcoin is commonly  used as scamming tools but without greed and stupidity? i think there is always small chance for us to become victim.
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October 18, 2022, 02:16:48 AM
 #127

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.


Indeed, I have also been afraid of being scared by someone. and that person forbade me that is with the aim that I do not invest in bitcoin.
But after being investigated, it turns out that he doesn't know anything about bitcoin. and until finally I looked for information on the internet about bitcoin, and finally I decided to join the bitcointalk forum, and finally I understood about bitcoin and finally I invested in bitcoin.
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October 18, 2022, 10:30:21 AM
 #128

The pyramids have been a big influence in this paranoia. Since most of these structures are concentrated, it is in the field of crypto exchanges. But now it is becoming easier to recognize such phishing projects on the Internet, so more and more people are no longer afraid of this. This makes me happy.

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October 18, 2022, 10:40:38 AM
 #129

To be fair, I think the reason most people are afraid is because they hear more often the stories of failures and scams rather than the ones of success. And I think to be objective also, more people have probably lost money and time with crypto than made profit -- that's the price of reacting to hype and fomo. That's not the fault of Bitcoin, it's the fault of altcoins, and the greed that motivates most people.

The basic understanding of money and greed that should underlie any motivations is missing. That's the reason people are afraid.

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October 18, 2022, 11:02:05 AM
 #130

I think people are often afraid of the unknown or rather don't understand or don't know at all, it's normal human nature and for other reasons maybe they also know more about bitcoin or crypto scams and a lot of people go bankrupt which is actually all of that wrong.
and as long as there are pros and cons such things will remain, but let it be because bitcoin users continue to grow and develop and also continue to be popular. And this will prove to them because they misjudged bitcoin which in the end they regretted it, and we can't blame them because it's their right because they don't understand it.
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