Can this be the reason some people are afraid to invest in Bitcon? - page 7.

noorman0

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[Nope]No hype delivers more than hope

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

-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 Mainly because most school curricula are outdated so they don't really follow more modern types of investment

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

-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.

ancafe

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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.

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.

ChiBitCTy

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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.

avikz

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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.

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.

Nrcewker

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LuckyDiamond.io - FLAT 50% Deposit Bonus!

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.

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.

tbct_mt2

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

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.

Quote

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.

NeuroticFish

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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.

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?)

franky1

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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

Z-tight

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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.

Dunamisx

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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.

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.

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

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.

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

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.

Chucksmark

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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.

Topic: Can this be the reason some people are afraid to invest in Bitcon? - page 7. (Read 1353 times)