Topic: Cryptocurrency Phobia - new social phenomenon - page 4. (Read 171825 times)
Yes, it is just a mass hysteria. It's natural, let alone bitcoin can get out of various negative issues against it and show the world with a fantastic ride up. So the news about the bitcoin more diverse. Some responded well and began to study it. However, for those who do not like it, would consider it bubble, scam, etc. People who still lay, will be easily influenced by negative news. So, before the judge crypto-currency, learn and try first. I think, all investments have risk factors, prices rise and fall is also a reasonable thing, which is important we must have anticipation for it.
it's quite disruptive, which tends to trigger fear response
The more various opinions I hear about Cryptocurrency, the more I realize that there is a new kind of phobic hysteria, which appears literally about everything related to Cryptocurrency, e.g. mining, trading, ICOs or lending.
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
It's actually the way we are going to change the world. Slowly, step by step, crypto currencies will be a more important and used part of our lives. The potential slowly grows.
Quick investments lead to quick discourages.
On my opinion most of fails in investments and trading happen because of known self-regulatory state called FoMO.
It constantly competes with balanced thoughtfulness, blocking deep analysis, allowing mostly quick superficial conclusions.
On my opinion most of fails in investments and trading happen because of known self-regulatory state called FoMO.
It constantly competes with balanced thoughtfulness, blocking deep analysis, allowing mostly quick superficial conclusions.
The more various opinions I hear about Cryptocurrency, the more I realize that there is a new kind of phobic hysteria, which appears literally about everything related to Cryptocurrency, e.g. mining, trading, ICOs or lending.
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
Mostly, those people who ended up with negative impressions about cryptocurrency are those who want to try it for the first time but ended up investing on the wrong ones. They were immediately discouraged to try it that they missed the chance to invest on the real deal. It's like when you tried holding something not knowing it's hot so you immediately dropped it when you burn your hands.
People are often afraid of novations that are hard to understand and what is worse - hard to control.
for me it is a natural reaction of anyone for encountering such technology nowadays.
even i have the same reaction before, i did not accept cryptocurrency instantly.
but instead i did some of my own research first in order to protect myself from all risk.
even i have the same reaction before, i did not accept cryptocurrency instantly.
but instead i did some of my own research first in order to protect myself from all risk.
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.
At first glance, it's like fearing of missing out, expressing a sense of fear of losing something, making our dogs feel bored of everything, and always putting people above and beyond themselves. Never enough!
in the future hater gonna be lovers..
and they will continue hate Crypto in public, while holding tons of coins and tokens in their wallets
in the future hater gonna be lovers..
and they will continue hate Crypto in public, while holding tons of coins and tokens in their wallets
everyone has their own opinions and everything in the world always have pro and contra like crypto currency. we are do not need to worry about haters of crypto currency because enthusiasts of bitcoin are more than haters.. in the future hater gonna be lovers..
Very reasonable if there is a positive and negative view. Moreover, bitcoin is a new breakthrough in economic activity, especially on payments and currency. Positive and negative news very quickly spread because now is the digital era, where many people use social media to show its existence. So, as we have to be more selective and wise in responding to any news and opinions of others about bitcoin, whether positive or negative, do not be provoked.
In fact, what I find an absurd is that:
- people ready to pay for a new car, because they were told that 3 years is the right age to replace it;
- it's common to upgrade smartphone 3-4 times a year, while 80% of smartphone owners use less than 20% of their hardware capabilities;
- it's considered to be normal to spend half of monthly income on ready food, instead of doing daily kitchen exercises;
but it's so "scary" and "dangerous" to invest few hundred bucks into the Crypto market, which capitalization is already bigger than Google's and in few next weeks will overtake Apple's, the world's largest one.
- people ready to pay for a new car, because they were told that 3 years is the right age to replace it;
- it's common to upgrade smartphone 3-4 times a year, while 80% of smartphone owners use less than 20% of their hardware capabilities;
- it's considered to be normal to spend half of monthly income on ready food, instead of doing daily kitchen exercises;
but it's so "scary" and "dangerous" to invest few hundred bucks into the Crypto market, which capitalization is already bigger than Google's and in few next weeks will overtake Apple's, the world's largest one.
In this case, we can not deny the possibility of bad news appear im community.
Bitcoin and other cryptocurrency have their disadvantages too that can make people scare about word " scam ".
Bitcoin and other cryptocurrency have their disadvantages too that can make people scare about word " scam ".
You guys should read some comments by well known economists and financial advisors and many of them will have 3 things in common. I should say almost all of them have this things in common and those things are:
-they are or have worked for a big bank
-they are usually in their 60s or older
-they are comparing BTC either to stocks or a fiat currency
They don't understand that it's something different. To them everything has to fall into a well established category. There can't be a new thing. A thing that creates a category of its own. This is the fallacy of old men. If you have been doing the same thing for 40 or 50 years and someone shows you that it can be done differently you take a defensive stance, even though you could agree with that new way somehow inside you think they'll laugh at you. Say you were wrong to support the established order without questioning it or trying to improve it.
-they are or have worked for a big bank
-they are usually in their 60s or older
-they are comparing BTC either to stocks or a fiat currency
They don't understand that it's something different. To them everything has to fall into a well established category. There can't be a new thing. A thing that creates a category of its own. This is the fallacy of old men. If you have been doing the same thing for 40 or 50 years and someone shows you that it can be done differently you take a defensive stance, even though you could agree with that new way somehow inside you think they'll laugh at you. Say you were wrong to support the established order without questioning it or trying to improve it.
That's an interesting point.
So here we can highlight three categories of people with negative attitude, based on their Cryptocurrency experience:
- no experience, whose vision based mostly on rumors;
- bad experience, those who previously failed in Cryptocurrency investments;
- outdated experience, that comes from traditional economical and financial concepts.
This growth in bitcoin is not natural. How can a technology be a store of value? Market is running irrationally right now. Coins with actual utility are being dumped.There is no better proof of a market in peak irrationality when coins like emc2 got a Mcap of $500million while Ven, power, CVC are at half of it. No TA is working. Just a FUD or rumor can play with price. If bitcoin doesn't get stable soon or have a correction, it can be scary imho.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
I think the the main fear falls related to the fear of the unknown, fear of risks, or fear of trying new things. Anyway opposition and skepticism are normal and everpresent in any innovations that has been brought in the world. For me, the fear of bitcoin is like how people also feared investing in the stockmarket before.
Most of them have an ulterior motive concerning digital format of money especially with newer crypto aspect .
They may as well influence others to keep'em away from cryptocurrencies by supposing the possibility of happening of catastrophic scenarios.
They may as well influence others to keep'em away from cryptocurrencies by supposing the possibility of happening of catastrophic scenarios.
There is no any phobia, there is just not enough education about crypto currencies. But it, probably, has place to be hysteria about buying or investing into crypto without any special understanding of it, but just with one target - to make a lot of money fast.
You have not found users harmed by bitcoin losses suffered by bitcoin users because they themselves can not keep bitcoin like losing bitcoin so crypto phobia is actually the one who created it.
The more various opinions I hear about Cryptocurrency, the more I realize that there is a new kind of phobic hysteria, which appears literally about everything related to Cryptocurrency, e.g. mining, trading, ICOs or lending.
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
In my country in mainstream media, every day I am hearing some news or discussions on bitcoin (not cryptocurrencies, because they associate cryptocurrencies with bitcoin and that is that) and it is universally negative. There is even a central bank sponsored website discussing how the bitcoin is not a state-regulated or a state-distributed asset and as a result it is very untrustworthy. I always smile at it, because those are exactly the reasons that bitcoin IS appealing to me
Jump to: