Can this be the reason some people are afraid to invest in Bitcon? - page 5.

DanWalker

hero member

Activity: 1960

Merit: 547

Vave.com - Crypto Casino

Quote from: CryptoYar on September 02, 2022, 09:41:05 AM

The issue is that people do not afraid when they need to be afraid. That is, when Bitcoin is at its peak.

They are afraid to invest when Bitcoin is near its bottom. As Bitcoin is now down about 70%, there is no point in fearing because from here there are high chances of going up and the chances of dropping are slim.

There is no better time to make a long-term investment in bitcoin than now IMO.

However, sadly, when bitcoin is at $69k, some people claim that bitcoin is too high and that they are unable to purchase it, so they wait for bitcoin to fall before making an investment. Nevertheless, when bitcoin drops below 20k, they begin to panic and believe that bitcoin will continue to fall and many say that bitcoin will go to zero. They are afraid to invest in bitcoin because they have no faith in it, they think it might die or will go to zero, and they are afraid of its volatility. In spite of the fact that we view bitcoin volatility as a potential profit opportunity.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

I don't know where people get this attitude from but I've noticed that the older they are the harder it is to change their minds.

Older people tend to think they went through so much that a young guy can't teach them anything. This makes them often close their minds to technology because they don't need that fancy smartphone or shop in the Internet. They still can go to a store and call their friends with their old phone.

Ever noticed that old people like their old cars and don't want to change? They also like their paper money in their pockets. Bitcoin is not physical and that's why people are afraid.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

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

It isn't too late, Bitcoin is still in its early phase of adoption. Besides it is not whether you joined this forum or not, it is your involvement in Bitcoin Industry that matters. This forum is for discussion, news, and announcement of several services, the actual thing is how you relate yourself to Bitcoin trends and how you take part in Bitcoin journey towards its global adoption.

CryptoHeadlineNews

hero member

Activity: 1092

Merit: 747

Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

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.

Life in itself is a risk, which is why it's always idea to take a calculative risk, than involve in a stuff you have little or no idea. So no human reject the possibility of any form or type of money, because before the dollar note or digital money came to be used today,there has been different kinds of money used centuries ago for transaction between two parties and in next generation to come, we really can't tell, Bitcoin could be a thing of the past. So the whole stuff there is that people tend to be afraid to use what you don't know, not that they are afraid

Quote

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

It is never too late, you can equally start from somewhere

lalabotax

full member

Activity: 1582

Merit: 132

BK8 - Most Trusted Gambling Platform

Quote from: Sanitough on August 31, 2022, 03:58:23 PM

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.

People's fear should be caused by some reasons, not only the lack of knowledge or skills. Some people have a weak mentality to take risks, it is their nature to avoid high risks. Since Bitcoin investment is a high risk, those people who are weak in mentality and lack trust in Bitcoin, probably stay away from Bitcoin investment. Another reason, people may be influenced by FUDs. Some people are lazy to take research, they instantly believe in an issue or rumors. This type of people are easier to be influenced by FUDs, so they are afraid to invest in Bitcoin because they hear or read much negative news about Bitcoin or crypto as a whole.

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

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.

Fear has not something to do with our educational system in the past. People fear on something maybe because they have been scammed already before and is now afraid to try again. Or it’s just that people develop fear because they are not knowledgeable on things they plan to enter. However, being educated means you were able to lessen the risk, so I think education is very essential not to develop fear either in bitcoin or in any risky investment.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: Asiska02 on September 02, 2022, 02:29:37 PM

~

Still people have the choice and we're not entirely able to convince people to go and use Bitcoin or any forms of cryptocurrency. It could be used a lot in the future, but considering that not all human being uses credit/debit card for their own reasoning, there would still be people that are going to stick to fiat regardless. It is just the way it is. Just like phones, there are still people willing to use those old keypads even if majority is now on touch screen as it already solves their need and they could not ask for more.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

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

It is commonly said that "people hate what they don't understand, and fear what they can't conquer", so I believe you are right to a good extent.
But I can also tell you that there are people who have heard about bitcoin and haven't invested, not because they are afraid, but because they don't have the right people around them who can guide them, I have this same kind of people come to me almost every day to teach them how to make money through bitcoin.

Quote

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.

Sorry but I can't agree with you on this, fear is not what is being taught in school, fear is something people develop their self into due to their past experiences or experiences of those close to them or stories they hear or heard concerning someone else's experience.

For example : imagine a newbie who wants to invest his live savings in bitcoin, and goes online and reads a news of how, not one, not two, but several persons lost all their live savings in bitcoin, such story will instantly install fear into the mind of such a newbie.

So personally, I don't think fear is taught in school, fear is an emotion individuals develop themselves into, due to their experiences or experiences of someone else.

Asiska02

hero member

Activity: 1008

Merit: 702

Absolutely, this is true. However, despite having been raised and having had their minds taught to fear, many still manage to overcome it. The world is changing, and new technologies are appearing daily. If the new trend would make your life easier, you can't because of your background refuse to follow it.
You have nothing to lose if you comprehend and visualize things as they should be. If you fully get how it works and take full advantage of it, investing in bitcoin can be a tremendous start toward establishing your financial future. You may gain more knowledge and make wise investments in any business by learning something new every day. Purchasing bitcoin won't make one regret it, but first learn and understand how it works.

GiftedMAN

hero member

Activity: 924

Merit: 600

Watch&Pray.

Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

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.

Mate, there is no need to be afraid if only you understand the volatile nature of bitcoin. A lot of people who got scammed investing in Bitcoin were the people who had little or no knowledge of what they were doing as such they felt that it was a quick money-giving scheme that they can invest in and get double of their investment immediately but when that failed to happen they see Bitcoin investment as a scam abd they spread the rumors everywhere.

Finding yourself in this forum will give you more reason to trust and believe in bitcoin because millions of people in this forum including myself can attest to the usefulness of bitcoin regardless of the bear market right now.

CryptoYar

hero member

Activity: 1064

Merit: 639

The issue is that people do not afraid when they need to be afraid. That is, when Bitcoin is at its peak.

They are afraid to invest when Bitcoin is near its bottom. As Bitcoin is now down about 70%, there is no point in fearing because from here there are high chances of going up and the chances of dropping are slim.

There is no better time to make a long-term investment in bitcoin than now IMO.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

Before we became experienced in Bitcoin, we were afraid in the first place on what would happen to our money if we buy BTC. It’s because we have lack of education in managing our risks. It’s really normal for us to have this kind of experience in the first place. I can relate to all since the day I was introduced into Bitcoin.

Education is the key for us to minimize our worries in buying Bitcoin at least. But it’s better for us first to learn proper financial risk management before we decide to buy any asset like Bitcoin as it has no promises or astronomical guaranteed returns.

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

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.

People are afraid of bitcoin because bitcoin is volatile, they hate to experience the dip of bitcoin and hodling bitcoin is so terrible for them because it seems to be waste of time. They prefer ponzi schemes because ponzi schemes assures people of getting back double of what they invested. They feel bitcoin is too slow to give them the profit they want, they don't hate bitcoin because it is a new money.

kro55

sr. member

Activity: 1610

Merit: 301

*STOP NOWHERE*

Quote from: xSkylarx on September 01, 2022, 07:02:53 AM

The main reason why some people are afraid in investing into bitcoin is its volatility. Your amount of money could become half of its original value if you bought during bull cycle and a bear season occurs. If you have a weak emotion, you will sell it at a loss and never invest to it again thinking that this is a scam.

Government that are against to cryptocurrencies and the mainstream media portraying bitcoin as currency used by criminals also adds to that scare preventing people to even learn the basic fundamentals.

Its high volatility scares people away but it is also that volatility that attracts so many people to bitcoin. I think the main reason people are afraid to invest in bitcoin is none other than the government, the government is still the highest voice of a country and they govern us. Everyone believes what the government says, as long as the government spreads bad news for bitcoin, people will be wary of bitcoin.
Nowadays with the development of social networks, the truth is spread everywhere so they will not be able to stop bitcoin forever, at some point they will have to admit that they have failed in trying to stop bitcoin.

kamvreto

legendary

Activity: 1946

Merit: 1157

MAaaN...!! CUT THAT STUPID SHIT

Quote from: Vaskiy on September 01, 2022, 06:32:29 PM

People have moved from one method of payment system to the other. It means from traditional way of using fiat cash, now majority of the people are used to the digital method of payment. This is all because the fiat getting a digital format and nothing different. Here with cryptocurrency they find it different because of this being virtual. Slowly people will understand the technology, until then it's our responsibility to help those people understand it in the right way.

people slowly understand about digital, all kinds of payments using digital. Fiat has indeed switched to digital, but Fiat is still centralized or still regulated by the government while cryptocurrencies are really decentralized or not regulated by anyone. Currently, there are many cryptocurrency payment gateway applications that can be used to pay anything using cryptocurrency easily. this is just a regulatory issue that is still not felt.

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

I think it's okay to be afraid of what you don't understand. Until a person understands and has studied Bitcoin, let him be afraid. And he will be right. So he will be able to secure his fiat money, which many of us do not fly from the sky. You need to enter the cryptocurrency with careful steps, without rushing. Stepping from one topic to another, we begin to understand and decide for ourselves whether we need to invest or not. Many on the forum teach beginners to buy Bitcoin and hold. But I witnessed how a person was helped to buy and then, deciding that he would soon increase his finances, the person calmed down and began to wait. At the same time, he doesn't know how to store what he owns. In the end, he just got scammed. He saw his account but did not own it. Therefore, haste always puts obstacles on us. Just rely only on yourself. Do not know or do not understand; bring your knowledge to the point where you understand. You don't need to trust anyone.

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

People have moved from one method of payment system to the other. It means from traditional way of using fiat cash, now majority of the people are used to the digital method of payment. This is all because the fiat getting a digital format and nothing different. Here with cryptocurrency they find it different because of this being virtual. Slowly people will understand the technology, until then it's our responsibility to help those people understand it in the right way.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

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.

You are afraid because you don't know anything about it and you are coward to go out on your comfort zone that's why you feel that crypto or bitcoin is so shady. But if you are been educated about the technology of bitcoin and accept the positive information came to you for sure thus fear will be replaced by eagerness to invest and try to use or avail the huge potential of this coin.

xSkylarx

hero member

Activity: 2366

Merit: 594

The main reason why some people are afraid in investing into bitcoin is its volatility. Your amount of money could become half of its original value if you bought during bull cycle and a bear season occurs. If you have a weak emotion, you will sell it at a loss and never invest to it again thinking that this is a scam.

Government that are against to cryptocurrencies and the mainstream media portraying bitcoin as currency used by criminals also adds to that scare preventing people to even learn the basic fundamentals.

goldkingcoiner

legendary

Activity: 2240

Merit: 1993

A Bitcoiner chooses. A slave obeys.

Quote from: Chucksmark on August 31, 2022, 06:32:39 AM

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.

People are always afraid of taking risky decisions. Especially when they could lose their hard earned money if things go bad. This is a natural human reaction and there is nothing surprising about that fact.

This fear can easily be remedied by simply learning more about the risky thing. Knowledge sets you free from fear.

In the case of Bitcoin, it's not that easy to learn everything about it, especially if you do not have the technical background
. Most people invest in the hype while staying in the dark about why Bitcoin is so great. Hence their fears do not go away and they act on those fears and lose money.

Topic: Can this be the reason some people are afraid to invest in Bitcon? - page 5. (Read 1353 times)