Cryptocurrency Phobia - new social phenomenon - page 3.

Thadeous

copper member

Activity: 588

Merit: 17

Quote from: bobq on January 24, 2018, 08:29:49 PM

I have noticed this phenomenon myself and I have been discussing about it recently with a friend. I think that this phobia for cryptocurrencies is caused by a set of prejudices which have been skillfully planted in time in the public opinion my the mainstream press. The funny thing is that it is especially intelligent people who get caught in this cognitive trap. I don't want to say that it is everything gold which glitters in cryptos - not at all - but this phobia reveals a willful blidness of a part of population towards this whole sector.

Right. What I hear about Crypto from well educated people around me reveals that their conclusions are simply based on personal prejudices and nonsensical patterns from mass media.

nicko122

jr. member

Activity: 462

Merit: 1

Recently, the world of cryptocurrencies has greatly progressed, now many people know about them, much more investments and money. When prices fluctuate, panic begins and it spreads very quickly. Now cryptocurrency is one of the most popular topics in the world.

bitcoinzen

member

Activity: 420

Merit: 11

Cryptocurrency Phobia this is the new trend people are addicted to fast money they arent getting educating themselves they should understand bitcoin took 9 years to gain momentum

vv181

legendary

Activity: 1932

Merit: 1273

Quote from: mrcash02 on January 24, 2018, 06:54:24 PM

Quote from: Pan Troglodytes on January 18, 2018, 04:40:23 AM

It is not a phobia, it is something artificially engineered and it is related to two phenomena: regular people having no knowledge on those topics while at the same time media boasts FUD. The media action seems to be well organized and executed by somebody interested in people believing in FUD. In my country, for one thing, there is even a central bank maintained webpage devoted to bitcoin threats.

I agree. But the main problem isn't the media spreading FUD and being dishonest, it wouldn't be an issue if people were able to think by themselves without believing in so many lies and exaggerations without hesitation. It proofs media has too much power over people's minds yet, however, it's slowly changing as people start giving more attention to alternative medias on the internet and searching for the true of facts.

Real stories of people who are in Crypto-Currency world is the best way to make others exit from the matrix.

Agree, the media is too much biased nowadays. I feel bad for the 'regular' user they just think that is the truth without researching further about it. And also I believe some panic seller who easily affected by FUD is due to lack of well-understanding the subject.

bobq

sr. member

Activity: 1148

Merit: 307

I have noticed this phenomenon myself and I have been discussing about it recently with a friend. I think that this phobia for cryptocurrencies is caused by a set of prejudices which have been skillfully planted in time in the public opinion my the mainstream press. The funny thing is that it is especially intelligent people who get caught in this cognitive trap. I don't want to say that it is everything gold which glitters in cryptos - not at all - but this phobia reveals a willful blidness of a part of population towards this whole sector.

Nerman

full member

Activity: 364

Merit: 107

Sadly people will usually misunderstood what the news will tell them. I think to blame here is the mainstream media which usually tag on their headline as Bitcoin/Crypto as a scam but if you will read the article there will be no correlation of Bitcoin being a scam. People who are lazy to read the article will think right away that bitcoin is a scam, telling their friends, relatives and neighbors just in case they talk about topics about cryptocurrency.

Also famous investors and economist are not yet convinced in cryptocurrency. Which may influence many people not to invest as well.

People fear what they do not know and many people how Cryptocurrency works. I believe that educating more and more people will eliminate this fear/phobia in our market.

Tonydman97

member

Activity: 104

Merit: 10

Most of us have our own fears and phobias and even crypto investors are not deprived of these fears. In the first place, there is the fear inherent in all crypto investors of absolutely all coins, and it's a fear that an evil and terrible hacker will steal money from your computer. In the morning you wake up, your purse on the computer is empty, and the outgoing transaction tells you that from now you are as poor as a church mouse.

Next is common for all crypto investors, and it is the fear of the crypto currency collapse. Not a scam of a particular coin or exchange store, but the same "burst bubble of crypto currency", about which constantly broadcast from the TV or say our friends who do not invest in the crypto currencies. And although we know that the crypto currency is not a bubble, but somewhere in the depth of the brain, we are afraid of this.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: Pan Troglodytes on January 18, 2018, 04:40:23 AM

It is not a phobia, it is something artificially engineered and it is related to two phenomena: regular people having no knowledge on those topics while at the same time media boasts FUD. The media action seems to be well organized and executed by somebody interested in people believing in FUD. In my country, for one thing, there is even a central bank maintained webpage devoted to bitcoin threats.

I agree. But the main problem isn't the media spreading FUD and being dishonest, it wouldn't be an issue if people were able to think by themselves without believing in so many lies and exaggerations without hesitation. It proofs media has too much power over people's minds yet, however, it's slowly changing as people start giving more attention to alternative medias on the internet and searching for the true of facts.

Real stories of people who are in Crypto-Currency world is the best way to make others exit from the matrix.

saycryptohello

member

Activity: 574

Merit: 11

I do not understand, what kind of phobia can there be? Then everyone decides whether to use cryptocurrency in his life or not. Do not just look at the news, which in the last days go with a negative, you need to have a weighted opinion.

Thadeous

copper member

Activity: 588

Merit: 17

Few more weeks like previous ones, with "optimistic news" from China and Korea, and new Cryptonews phobia will appear along with the topic one. Grin

Pan Troglodytes

member

Activity: 392

Merit: 39

It is not a phobia, it is something artificially engineered and it is related to two phenomena: regular people having no knowledge on those topics while at the same time media boasts FUD. The media action seems to be well organized and executed by somebody interested in people believing in FUD. In my country, for one thing, there is even a central bank maintained webpage devoted to bitcoin threats.

ellabanana

member

Activity: 266

Merit: 11

I've seen a news on the TV regarding a warning with cryptocurrency especially bitcoin that it is used illegally and with this, those people who have seen it was already afraid to engage in btc. But to have it as a phobia, I think the probability is so low since for those who don't know anything they just won't care at all. But, for those who joined cryptocurrency with a little knowledge and engage immediately in trading and stuff and they lose all their money, well that would be traumatic which may lead to extreme fear in cryptocurrency.

panganib999

hero member

Activity: 1750

Merit: 589

Quote from: mast3rm1nd on December 06, 2017, 05:36:18 PM

haters gonna hate bro. one thing I'm glad I learned is that people are for the most part full of shit, you shouldn't take them seriously. don't try to show them they are wrong; let them stay comfortably in their ignorance.

If someone doesn't have enough knowledge about a particular thing , it is true that there is a higher chance for them to don't trust a particular thing specially when they have lack of knowledge about the system, transaction and the whole market of Bitcoin. For me it is good thing to read and educate ourselves first before getting into a thing we do not actually know we'll.

ladydark

hero member

Activity: 686

Merit: 500

I would say that most of those who only see the negativity of bitcoin and spread the same are just half boiled eggs.On the other hand,i would say that its mostly a propaganda spread all around the world being sponsored by bankers and financial companies as they could not directly face and stop bitcoin's growth.We could see media continuously criticizing bitcoin to create an image that its just an other scam in the minds of people.

Fileiro

member

Activity: 134

Merit: 10

quarkchain.io

That would be crypto climbing 'the Wall of Worry'.

Transformbitz

full member

Activity: 434

Merit: 101

In this real world, what we see is what we get. but us crypto traders/ holders or even cryptoverse are getting in the action game before showing results. this is a good reason why i'm here because we absorb knowledge and this is the smartest thing that we've encounter.

focmere

member

Activity: 126

Merit: 11

Quote from: Thadeous on January 17, 2018, 05:37:47 PM

This example can be considered a bit off topic.
Yesterday we all were able to see Bitconnect lending platform crash.
From one side it was really unexpected and offensive, but from other side it caused such an uncontrolled fall of BCC coin price.
Most of lenders simply drop all their coins to exchanges instead of holding them and waiting for the following news.
I don't see other explanation for this behavior except as "herd instinct", based on fear spread in social communities.

This is a very good lesson for every crypto trader out there. Nothing is GRANTED! And always invest only what you can lose!

Thadeous

copper member

Activity: 588

Merit: 17

This example can be considered a bit off topic.
Yesterday we all were able to see Bitconnect lending platform crash.
From one side it was really unexpected and offensive, but from other side it caused such an uncontrolled fall of BCC coin price.
Most of lenders immediately dropped all their coins to exchanges instead of holding them and waiting for the following news.
I don't see other explanation for this behavior except as "herd instinct", based on fear spread in social communities.

Transformbitz

full member

Activity: 434

Merit: 101

We have different perspective positive minds always have positive attitude and outlook of life, if they are negative on cryptocurrency then stay away with them. People wants to believe first before exerting effort and i don't want to give them a demn f*ck

xuan87

legendary

Activity: 1666

Merit: 1001

It's their opinion so nothing wrong with that, and the people that not involve and understand about Bitcoin will have negative conclusion because the media like to report Bitcoin negative side, so for the one that rejected bitcoin, it's their lost

Topic: Cryptocurrency Phobia - new social phenomenon - page 3. (Read 171825 times)