Why are they afraid of bitcoin? - page 7.

cryptojac17

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Quote from: jakezyrus on February 27, 2018, 08:50:29 PM

Quote from: patz22 on February 27, 2018, 08:36:17 PM

The first thing that comes on my mind on why they are afraid especially the government due to the fact that the transactions can be seen by the public so meaning corrupt officials cannot bank the money that they will get and also one of the reason is others cannot adapt the innovation of technology.

you got some point and i also think that way. governments is somehow affraid to adopt and accept bitcoin because bitcoin is too anonymous and decentralized therfor governments and banks cannot possibly regulate and manage it even if they decided to legalize the use of bitcoin. persons who doesnt believe in bitcoin or afraid to use bitcoin is actually newbies and beginers on the crypto world but it is normal to have a doubt ,infact when i was a newbie in crypto i also think that way, i also thought bitcoin is a big scam and overall fake but after i use it , i already prove to myself that it is really legit.

Yeah is a new innovation there are still who don’t fully understand why it is anonymous why it is decentralized that is why they are doubtful about bit coin even the government law makers I think still not fully understand the system od block chain technology.

Adam.678

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Some people may afraid of bitcoin but not all. I think the main reason is they think bitcoin is a scam, specially if they invest money unto it.Also, because of the scams that have been circulating around using the name of bitcoin to scam people into investing in their schemes.

Finley.398

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It's pretty normal for average person to be afraid of investing in bitcoin, unlike stock which is backed by real company, or gold, bitcoin is only a speculative asset backed by nothing but people expectation.so they think that its a treat to their economy but actually its not, if many people will hold BTC then of course their economy will grow fast.

jakezyrus

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Quote from: patz22 on February 27, 2018, 08:36:17 PM

The first thing that comes on my mind on why they are afraid especially the government due to the fact that the transactions can be seen by the public so meaning corrupt officials cannot bank the money that they will get and also one of the reason is others cannot adapt the innovation of technology.

you got some point and i also think that way. governments is somehow affraid to adopt and accept bitcoin because bitcoin is too anonymous and decentralized therfor governments and banks cannot possibly regulate and manage it even if they decided to legalize the use of bitcoin. persons who doesnt believe in bitcoin or afraid to use bitcoin is actually newbies and beginers on the crypto world but it is normal to have a doubt ,infact when i was a newbie in crypto i also think that way, i also thought bitcoin is a big scam and overall fake but after i use it , i already prove to myself that it is really legit.

PIR

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Why are they afraid of bitcoin?...scam?.. fake?...waste investment?...there's nothing to be afraid of if they really study and look at it carefully...there's no harm in trying as we always say but really it just a new technology being discover for us to use for our own comfort and benefit and along with that comes a new way of saving, purchasing and transacting into many different company, countries and places around the world using it.

patz22

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The first thing that comes on my mind on why they are afraid especially the government due to the fact that the transactions can be seen by the public so meaning corrupt officials cannot bank the money that they will get and also one of the reason is others cannot adapt the innovation of technology.

chengyinoing

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The basic construction essentially defines the political situation. If you have a centralized structure, even by the world's recognized good people to manage it, so it will attract bastards, those bastards will use their power to do those designers originally didn't want to do. More importantly, you need to know that it's about money. How many good people can there be in front of money?

Babylon

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Quote from: salahcryptowin on December 16, 2017, 06:02:26 PM

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

Often fear of bitcoin is the politicians. What if the bitcoin expands in the world? Politicians will find it difficult to find or steal money from the people's treasury. Often politicians are selfish, they are too greedy for money not thinking of others. They like that they are just the better life, but just in case the bitcoin has expanded? many have been preventing it from fearing others to expand the scope of bitcoin. Let's not let politicians stop bitcoin, we fight for it to get rid of corruption in town. To replace the former grimace. Bitcoin is the hope of the people, Bitcoin, the hope that will change everything.

ostrovagaly

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Most likely I think because he is not stable and any moment can fall and fall in price, as well as rise and sharply fall again.

Axecelzon081218

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Why they are afraid because in their knowledge bitcoin is a cryptocurrency you can invest or trade but you will scam in their knowledge. Bitcoin is a one of rivalry of a true money. But bitcoin can you convert in a real money.

tayogpanganiban

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They are afraid to bitcoin because they don't know anything about it or they are lack of knowledge regarding crypto currencies or some are afraid because they think bitcoin is Scam but the truth,bitcoin is beneficial to everyone.

burnchan

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Quote from: salahcryptowin on December 16, 2017, 06:02:26 PM

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

eople who are afraid of Bitcoin because of its newness. They are comfortable with the current system and don’t want to shift because people doesn.t want to make adjustments. They focus more on the stability issue of Bitcoin and other cryptocurrencies. I think that instead of preventing Bitcoin to overrule, people who are afraid would ask themselves why Bitcoin advocates is increasing? This question has motivated me to read on the forums and search the internet. And as I slowly collect the information, I appreciated more and more how everything works. And despite of the benefits it can provide it is still being criticized by the media and the government. I think what to know is to share the benefits of bitcoin to those who are interested so Bitcoin community will continuously increase.

shamimal93

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FRX: Ferocious Alpha

Because they are illiterate. They have no proper idea about bitcoin. They have no knowledge about bitcoin. Thats why they are afraid of bitcoin.

LenaPetrova

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Bitcoin has slowly made development as a medium of trade, for that reason governments are actually terrified of the cash that has no significant financial institution taking charge.

TrevorSmith

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Because they dont have knowledge and are afraid that they will lose money

galaxing

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Quote from: salahcryptowin on December 16, 2017, 06:02:26 PM

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

why are they afraid Huh

Because they are afraid, bitcoin will rival the money chash ,, I think bitcoin development will be better for the world economy.
I think they misjudged bitcoin.

Ovidijus01

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People are normally afraid of things or processes they don't know about.
I recommend to research about cryptocurrencies, to get a basic understanding.
When you start to understand about Bitcoin, you won't be afraid anymore, you will be curious to get to know more than before, because it's all about nowadays market.

jackky

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Quote from: tekimebounty on December 16, 2017, 06:21:11 PM

Why are u think that they afraid?
Maybe they all have mining farms in their gardens...

Many people are afraid of Bitcoin for a variety of reasons. In my country, many people are passionate about Bitcoins and virtual coins, so they do not care about their health and cause illnesses or bouts. Also, Bitcoin also gives people many different fears such as fear of loss of money.

Xester

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Quote from: zabjerr on February 25, 2018, 08:17:38 AM

there are others who are really afraid to join the bitcoin they are not evaluating exactly what bitcoin really is but if they know the beauty of bitcoin they will lose their bitcoin.

It has always been the lack of knowledge that is why people are afraid with bitcoin. Anything that we do not know in life tend to give us a sense of fear. If people whom i taught abour bitcoin told me about his or her fear then I might be able to help.

zentdex

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Nice research and insight you got there. I think they are afraid not because of the technological change bitcoin and the whole crypto and even did not oppose to the blockchain technology, what I think is that they are the people who want a secure and accurate computation of income that is based on what they have learn, experience and teach. They might hop in someday but as the whole crypto is still in its tennager stage, those mature people will not listen and follow instantly.

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