Topic: Why do ordinary people feel afraid of Bitcoin? (Read 3643 times)
because there.are several factors.money makes.people so scared.to invest.in the crypto world because the first is the opinion.of some buzzers.that we can.say.cornering bitcoin and scaring.people to invest.in the crypto world so they easily.believe in it
Someone told me not long ago: Bitcoin is a dangerous game. It is even possible for some people or groups to take over the blockchain through a majority and destroy the entire mechanism. People don't know they are playing these games.
For a long time buying Google at a high price, Amazon and Apple are both good choices for me.
Yes, there are a lot of stocks there, there are also cryptocurrencies, there are also many bonds and debt instruments.
In the US, there are obviously 9,600 mutual funds (quick Google search)
. The question is, which of the thousands is worth buying.
Just because some or many of the available options are not good investments, it does not mean that the entire asset class is bad.
The prosperity of encryption technology is just like the technological prosperity. They have got a lot of IPOs because of various stupid ideas. Most of these technology companies are stupid and not worth it.
Nowadays, there are many ICOs, most of them are stupid and not worth it.
However, there are still opportunities to realize value.
Also about digital assets. Digital assets have become a reality.
Did you know that Fortnite had nearly $2 billion in revenue last year?
Do you know what these billion users got? Different appearances in the game can give characters different dance moves.
You can play the exact same game without paying any fees.
For a long time buying Google at a high price, Amazon and Apple are both good choices for me.
Yes, there are a lot of stocks there, there are also cryptocurrencies, there are also many bonds and debt instruments.
In the US, there are obviously 9,600 mutual funds (quick Google search)
. The question is, which of the thousands is worth buying.
Just because some or many of the available options are not good investments, it does not mean that the entire asset class is bad.
The prosperity of encryption technology is just like the technological prosperity. They have got a lot of IPOs because of various stupid ideas. Most of these technology companies are stupid and not worth it.
Nowadays, there are many ICOs, most of them are stupid and not worth it.
However, there are still opportunities to realize value.
Also about digital assets. Digital assets have become a reality.
Did you know that Fortnite had nearly $2 billion in revenue last year?
Do you know what these billion users got? Different appearances in the game can give characters different dance moves.
You can play the exact same game without paying any fees.
I believe your definition of ordinary people are basically novice, and if not to you then they are to me, because they know nothing about the Bitcoin game. They are just random people who surf the Internet to only decode bad articles or listen to bad news like the government ban on cryptocurrency. This only make them afraid, but they're not ready to revolve beyond the centralized world they're living in.
That is a very natural thing considering that bitcoin can be said to be like a bubble, it can pop at any time. call it when the market rose to the month of 2017, then suddenly fell very low in 2018. Such fast price movements make ordinary people very afraid to buy bitcoin, let alone invest in large quantities.
In general, people who are afraid to invest in Bitcoin say they are afraid of sudden huge losses. In addition they are also afraid to invest in bitcoin because the price of bitcoin is so expensive that they can't afford to buy some bitcoins.
maybe they are more likely to believe in the news that spreads so widely on the internet, especially regarding the bad things that continue to be heralded for the downfall of the crypto world, thus making people very afraid to start investing in bitcoin and some of them are even influenced to build positive opinions.negative to the viability of bitcoin in the future
For many, bitcoin is something incomprehensible, and if it cannot be picked up, then it is suspicious.
Deep knowledge and also understanding and trust those are the most needed thing in bitcoin investing . manyu people are afraid of this because the security and also the advanced of crypto is what make more people not convince of the thing.I was scared the first time I came into contact with Bitcoin, because it involves my money, and I dare not take my money to risk it because I don’t understand Bitcoin.
Later, I gradually learned about Bitcoin, and I fell in love with Bitcoin. I think Bitcoin is really amazing. He has technology that surpasses current technological development. I admire the people who issue Bitcoin. He deserves our respect.
i know when this realization comes, last 2017 when the market hyped so high that you never imagined will happens? Later, I gradually learned about Bitcoin, and I fell in love with Bitcoin. I think Bitcoin is really amazing. He has technology that surpasses current technological development. I admire the people who issue Bitcoin. He deserves our respect.
You will certainly be afraid of snakes if you hear too much of people's words and never try to touch them, so is Bitcoin. i have a coworker who says that Bitcoin is dangerous, it is a hacker's weapon and can deceive people, my question is simple to him "has he ever bought Bitcoin" his answer is no.
often people think about Bitcoin without finding out in detail what it is, so they have the wrong perception of Bitcoin.
often people think about Bitcoin without finding out in detail what it is, so they have the wrong perception of Bitcoin.
Ordinary people feel afraid to invest and Trade Bitcoin because it is risk no one know about market volatility and its price is unpredictable so ordinary people afraid to loose his money in Bitcoin.
Bitcoin is a virtual currency with a completely uncertain invisibility, no precise documentation or or documentary. Many people call Bitcoin a hidden coin because its market value fluctuates all the time.No specific criteria can be used to control the investment. So many people do not want to invest in Bitcoin for fear of losses.
I was scared the first time I came into contact with Bitcoin, because it involves my money, and I dare not take my money to risk it because I don’t understand Bitcoin.
Later, I gradually learned about Bitcoin, and I fell in love with Bitcoin. I think Bitcoin is really amazing. He has technology that surpasses current technological development. I admire the people who issue Bitcoin. He deserves our respect.
Later, I gradually learned about Bitcoin, and I fell in love with Bitcoin. I think Bitcoin is really amazing. He has technology that surpasses current technological development. I admire the people who issue Bitcoin. He deserves our respect.
the different is they dont know how bitcoin work. lack of information and experience make people still stay on that place. nevermind if someone dont cross that line, but, they must learn about technology, and always update what world do. and, yeah, not only ordinary, member still afraid of bitcoin, in different meaning
And this is where you do really teach off someone if they do tend to ask and at least giving out the basics so that they would able to understand it completely without going into those technical aspects. Being afraid is normal but doesnt mean that we shouldnt touched up specially if we do see that it is becoming the new trend or on where it does have big community.You should open yourself
into new opportunities which might give you a chance to make profits and make yourself better in terms of finances. Getting scared is normal but that not means you should stop on discovering.
the different is they dont know how bitcoin work. lack of information and experience make people still stay on that place. nevermind if someone dont cross that line, but, they must learn about technology, and always update what world do. and, yeah, not only ordinary, member still afraid of bitcoin, in different meaning
I think it's the initial reaction for someone who has zero knowledge to fear Bitcoin, I myself back then used to have doubts about Bitcoin, later on realizing how legitimate it is and how big it will be in a few years, looking at it now, Bitcoin is still feared by some people, but with technology advancing and people slowly learning how important Bitcoin is or cryptocurrency alone to a lot of people.
I think these ordinary people can still learn about everything about Bitcoin, the lack of knowledge about the market and Bitcoin is one of the reasons why some people say that it's nothing but a scam, then they later on realized how rich they would be if they bought back then.
I think these ordinary people can still learn about everything about Bitcoin, the lack of knowledge about the market and Bitcoin is one of the reasons why some people say that it's nothing but a scam, then they later on realized how rich they would be if they bought back then.
If they focused their minds and open it up not just that doubts to conquer everything about Bitcoin, the potential is high and the benefits to those who take their steps learning this system is really good.
It's very common to everyone who have zero knowledge about this industry to doubt and to fear, since it's deals with money.
They don't want to lose so some are not willing to take steps instead of pushing forward they forget about it, missing their opportunities to take advantage of what Bitcoin have to offer.
Ordinary people feel afraid to invest and Trade Bitcoin because it is risk no one know about market volatility and its price is unpredictable so ordinary people afraid to loose his money in Bitcoin.
Bitcoin is a virtual currency with a completely uncertain invisibility, no precise documentation or or documentary. Many people call Bitcoin a hidden coin because its market value fluctuates all the time.No specific criteria can be used to control the investment. So many people do not want to invest in Bitcoin for fear of losses.There are several factors too like being too illiterate when it comes to technology on which it would really result into hesitance or being afraid on engaging into things that they have firstly
heard of but we know that people are different.Some would take the risk and some wouldnt really tend to touch it all and would just observe.
There are many reason why ordinary people are afraid to invest in bitcoin and one of them is the lack of knowledge and interest in investing. It is not easy to convince ordinary people to believe that bitcoin is not a ponzi scheme or some other fraudulent investment that they have heard so many time before that they feel that bitcoin is also one of them. I argued with one of my friends about why he wasn't interested in investing in bitcoin a few month ago and the nonsensical answer I got from him was that bitcoin is one of the biggest money game today which is hard to believe.
I advised my friend to read more about bitcoin before he decides what bitcoin really is because it's almost impossible to argue with him about what he doesn't know for sure. Actually it was the easiest step to make him understand about bitcoin, but because he is a stubborn person so I finally changed the subject because basically he did not want to admit that bitcoin is an asset or currency with extraordinary uses and benefit compared to the fiat system more he used to know.
I advised my friend to read more about bitcoin before he decides what bitcoin really is because it's almost impossible to argue with him about what he doesn't know for sure. Actually it was the easiest step to make him understand about bitcoin, but because he is a stubborn person so I finally changed the subject because basically he did not want to admit that bitcoin is an asset or currency with extraordinary uses and benefit compared to the fiat system more he used to know.
Ordinary people feel afraid to invest and Trade Bitcoin because it is risk no one know about market volatility and its price is unpredictable so ordinary people afraid to loose his money in Bitcoin.
Bitcoin is a virtual currency with a completely uncertain invisibility, no precise documentation or or documentary. Many people call Bitcoin a hidden coin because its market value fluctuates all the time.No specific criteria can be used to control the investment. So many people do not want to invest in Bitcoin for fear of losses.
I think it's the initial reaction for someone who has zero knowledge to fear Bitcoin, I myself back then used to have doubts about Bitcoin, later on realizing how legitimate it is and how big it will be in a few years, looking at it now, Bitcoin is still feared by some people, but with technology advancing and people slowly learning how important Bitcoin is or cryptocurrency alone to a lot of people.
I think these ordinary people can still learn about everything about Bitcoin, the lack of knowledge about the market and Bitcoin is one of the reasons why some people say that it's nothing but a scam, then they later on realized how rich they would be if they bought back then.
I think these ordinary people can still learn about everything about Bitcoin, the lack of knowledge about the market and Bitcoin is one of the reasons why some people say that it's nothing but a scam, then they later on realized how rich they would be if they bought back then.
Ordinary people are afraid of Bitcoin because they don't actually know how it works. Many of them invest at a high price, and when the price falls. They panic and sell their coins. They are not patience. While some people are afraid of losing their money.
People are always afraid of everything new. What is 5G or other new technologies worth? Everyone thinks they are tools of the devil ...
Many people always see new technologies as evil. I remember someone telling me how he thinks 5G network was not good. Many people don't also believe in Bitcoin, they see it as scam. I think with time, they will understand better the benefit of investing in Bitcoin.
it's always difficult embracing a new concept no matter how enticing and attractive it seems. Many still hold on so tight to the general way of investing other than crypto even when the reap the fruits of blockchain in ignorance. Some feels since it's not having a government backup it is bound to crash at anytime giving up chains of reasons why the feel the system might not work out.
1. Bitcoin is a new thing based on blockchain technology. Many people are not familiar with it, and they are afraid of what they don't understand.
2. Ordinary people value safety more than anything else. It is difficult for them to understand that Bitcoin can have such a high value. They would rather take $10 in cash than make a $50 crypto investment for free.
3. Many countries are still banning the use of Bitcoin. Most of them regard currencies that are not supported by the government as illegal tools for money laundering, fake money, and virtual reality. They will be cautious and fearful of it.
2. Ordinary people value safety more than anything else. It is difficult for them to understand that Bitcoin can have such a high value. They would rather take $10 in cash than make a $50 crypto investment for free.
3. Many countries are still banning the use of Bitcoin. Most of them regard currencies that are not supported by the government as illegal tools for money laundering, fake money, and virtual reality. They will be cautious and fearful of it.
Not everyone knows and is interested in investing in bitcoin, especially for ordinary people. Especially if they see a lot of negative news about btc that is not true, it makes them have a negative perception and are afraid to invest in btc. Actually, not only investing in BTC, other investments also have their respective advantages and risks. We only need to choose what investments are suitable to make and investments that we believe can be profitable. If you are not ready to invest in btc then I suggest you never try to invest in it unless you really want to and are ready to learn more. If it's just for fun to invest btc I think it will only make it difficult for yourself.
Ordinary people never think about investing, their major focus will be on saving. This is not because, they don't know about investments. The preference is to stay on the safe side without risk. Most of the ordinary people's investment will be upon gold and very limited to stocks and other forms of investments. Maybe this will change in the future, as little by little ordinary people are getting into cryptocurrency.
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