Topic: Why do ordinary people feel afraid of Bitcoin? - page 10. (Read 3653 times)
You can't blame the ordinary people, when they hear about scams related to cryptocurrency all the time. On top of that, the volatility within the cryptocurrency sector is much higher when compared to other investment assets such as equity or stocks. A lot of potential investors are scared of what happened in 2015 and 2018, when the prices crashed by 80% to 85% in a short period of time. On top of that, the legal status of cryptocurrency is not yet clear in a lot of the countries (including India and China).
I think that many people are afraid of bitcoins, only because they have never encountered them, because almost all people sit in their comfort zone and do not want to open up to something new ... Bitcoin is of course something intangible and it is a digital asset, in order to believe in him, you need to get at least some benefit from him ...
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.
What do you mean by ordinary people? We're also ordinary people like them but what makes us different is we are open to the endless possibility of BTC/Cryptocurrency to grow. It's only natural for them to be afraid of investing in something they don't fully understand and losing the investment is what they fear most, not BTC itself. There's a lot of investment opportunities out there, we can't assume people are afraid to invest just because they're not into it. Maybe it's not their preferred type of investment. Well, who knows?
Life is also a dangerous game because you don't know what will happen in the next minute. The risk in every business, so what you as businessman/woman need to do is to study it well before venturing into it. Moreover, you can't invest in every business. To me, Cryptocurrency business is not risky. I always get more than what i invest in; i loose in some but the gain of others cover 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.
People are afraid of whatever they don't understand
Basically, this is the ignorance of the subject matter why most people are afraid of something. If they will start educating themselves, they will learn more and so they will understand the true nature of it. And I guess, they will be the one endorsing it to their family and friends once they get acquainted with bitcoin or crypto. If they will try at least one bitcoin transaction, I bet, they will change their mindset. Sometimes, it is only in their heads why they reacting for something they don't know of.
you would really be that afraid but i dont see for you to get afraid because we do all can deal with things that we want.Its normal to get uneasy but we can learn
up things if we wanted to.I dont really agree about calling ordinary people because we do all start from scratch and if you do find out someone who do have some hard time
on understanding then it isnt a bad one if you do explain them out about the basics.
This is maybe because of their ignorance about bitcoin, what I mean is that, yes they knew bitcoin is profitable and they are thinking that it is easy to make a profit with it but the truth is, it is much riskier than they think it is. They invest in some projects or on bitcoin itself, buying and holding it for some time but then the nature of crypto is not that good or even bad, as long as you know it, you can make a profit. Some people who already lost their money on investing thinking that bitcoin itself is a scam, we all know that it is not. It is because they lack knowledge with regards to cryptocurrency. Bitcoin itself is profitable and we can prove that to them not by just boasting any of our profit but also to help them how we got those profits.
Hello everybody. I understand that the definition of "ordinary people" is associated with those people who are familiar only with information about Bitcoin and only from the state media. And the information there, unfortunately, is one-sided, mostly negative, comparing Bitcoin with a global deception. Here is your answer - "an ordinary person" leads an ordinary life, - he goes to "ordinary" work, he has enough money from his salary, to his salary, - he is satisfied with everything in this life. We are not ordinary, - in our life we always lack something new, revolutionary, exploding the usual foundations, which is absolutely unnecessary for an "ordinary" person.
Basically, this is the ignorance of the subject matter why most people are afraid of something. If they will start educating themselves, they will learn more and so they will understand the true nature of it. And I guess, they will be the one endorsing it to their family and friends once they get acquainted with bitcoin or crypto. If they will try at least one bitcoin transaction, I bet, they will change their mindset. Sometimes, it is only in their heads why they reacting for something they don't know of.
Basically, this is the ignorance of the subject matter why most people are afraid of something. If they will start educating themselves, they will learn more and so they will understand the true nature of it. And I guess, they will be the one endorsing it to their family and friends once they get acquainted with bitcoin or crypto. If they will try at least one bitcoin transaction, I bet, they will change their mindset. Sometimes, it is only in their heads why they reacting for something they don't know of.
I love how you label them as a normal people. Truth be told, its a typical reaction for people to be afraid or reject something they don't know. The lack of understanding of the said token leads them in rejecting the idea, worse is cursing it.
Basically, this is the ignorance of the subject matter why most people are afraid of something. If they will start educating themselves, they will learn more and so they will understand the true nature of it. And I guess, they will be the one endorsing it to their family and friends once they get acquainted with bitcoin or crypto. If they will try at least one bitcoin transaction, I bet, they will change their mindset. Sometimes, it is only in their heads why they reacting for something they don't know of.
I love how you label them as a normal people. Truth be told, its a typical reaction for people to be afraid or reject something they don't know. The lack of understanding of the said token leads them in rejecting the idea, worse is cursing it.
Why is it so opposed by the world of traditional finance? Because the lack of any control over this market and related regulations exposes buyers to risk. In 2017, the NBP and the Polish Financial Supervision Authority, in response to the growing interest in cryptocurrencies, issued a warning to people tempted by the record-breaking rate of bitcoin.
Governments spread panic ...
Governments spread panic ...
what they fear might be the lack of understanding about crypto, so they are afraid to dive into the crypto world with the least experience they have so they must be careful how to take the next step, and also they are afraid of the many cases of fraud and hacking that occur in the world. cryptocurrency basically they are afraid of just a lack of knowledge about bitcoin, if they have an understanding of bitcoin enough to make them there is nothing to be afraid of when plunging into the world of cryptocurrency.
If you talk about people who have zero knowledge about bitcoin then yes they are afraid of bitcoin, for them bitcoin is something used in ransomware, dark net and alike stuff. The more you know about bitcoin more is your fear gone.
But how many of them are willing to know more about bitcoin?
I think unless they step up and do their own due diligence on bitcoin rather than relying on media that’s a control freak.
Until that happens people won’t be able to find what’s good for them.
If you talk about people who have zero knowledge about bitcoin then yes they are afraid of bitcoin, for them bitcoin is something used in ransomware, dark net and alike stuff. The more you know about bitcoin more is your fear gone.
They are simply scared of moving cashlessly and being rich digitally. Some are scared because they don't have a good knowledge of what Bitcoin is all about. Some need to be enlightened, educated and coached. They're not ordinary people IMO. Once they find value in it through advertisements or a payment gateway they wish to interact with accepts Bitcoin as the easiest alternative; they will have no option than to get involved in the fat growing technology. It is fine to get scared of what you don't know about how it operates and it also involves personal funds. Finance disrupts security and everyone is always cautious of what involves their financial investments.
The answer is very simple - they are afraid of what they do not understand.
That is the reason at the simplest form but I have to add that they also fear technology and the things that are intangible that is why they do not risk doing anything involving finance online because they don't know whether to trust the site or not. It is not the fault of the people entirely that they are afraid of what they do not know, the fault also lies on educators, they need to tell this people what they need to know about bitcoin and cryptocurrency. 
It is normal for people to feel scared of what they have little or no information about and most importantly as it concerns finance, people have heard of the kind of money made from the blockchain space and the truth be told, it was just a transfer of wealth from an investor to some trader who wants to sell off his digital asset. nobody likes to part ways with money no matter how small, so, i can understand why people are scared of bitcoin.
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.
sometimes ordinary people only see the negative issues of bitcoin. when actually looking at bitcoin has a good positive side. just look at the current high prices and many people get profit there. then where are you worried about bitcoin, so I think it's just an exaggeration and it's not good for ordinary people.
There are also some people who deliberately want to show and talk about only bad news about Bitcoin. I don't understand this kind of people too. As digital currencies will have a big dominance (and maybe there will be no fiat currency left at all) in the coming years, people shouldn't antagonize cryptos and they should try to learn about them.
Jump to: