Why do ordinary people feel afraid of Bitcoin? - page 11.

wxxyrqa

full member

Activity: 1372

Merit: 133

Quote from: mezzaluna on March 16, 2021, 10:11:52 AM

Quote from: kopijos on March 14, 2021, 05:44:55 PM

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.

If we look at it at that point, its really alarming on why people looks at Cryptocurrencies at that way. This means that the mainstream news regarding Bitcoin and other Cryptocurrencies are always bad news but we really cannot blame them and just hope that they might keep an open mind. They will always worry about something that is talked about publicly because media is one of the most powerful tool that anybody can have and as long as bad actors have control over the media, we are not gonna get any good news regarding Cryptos.

Sources of mass media practically always adhere to one point of view, which very often brings harm to society. The fact is that they are publishing only one point of view, which is very often negative, when members of the government or other people speak very badly about cryptocurrencies. Most journalists do not study this issue and they are incompetent in providing complete and objective information about cryptocurrencies to the public.

mezzaluna

member

Activity: 518

Merit: 23

★Bitvest.io★ Play Plinko or Invest!

Quote from: kopijos on March 14, 2021, 05:44:55 PM

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.

If we look at it at that point, its really alarming on why people looks at Cryptocurrencies at that way. This means that the mainstream news regarding Bitcoin and other Cryptocurrencies are always bad news but we really cannot blame them and just hope that they might keep an open mind. They will always worry about something that is talked about publicly because media is one of the most powerful tool that anybody can have and as long as bad actors have control over the media, we are not gonna get any good news regarding Cryptos.

panganib999

hero member

Activity: 1750

Merit: 589

Quote from: Pamadar on March 16, 2021, 09:09:42 AM

Quote from: bct-user on March 14, 2021, 07:58:16 PM

In my opinion, ordinary people don't really know Bitcoin and they saw FUDs from bad people. This may be the common reason for many people to be afraid of Bitcoin. There are too many FUDs and those people are sometimes lazy to check whether it is true or wrong issues. However, I think most people are starting to be not afraid again now because they already know about Bitcoin from many valid sources.

Well said, those who experienced scams provides wrong impressions to this industry.

With certain losses they created fuds and misinformation about this asset, people who are not paying attention are easy been move
so instead of gaining interest they'll simply been push away from this opportunities, if only they take time to learn about this system and
all the benefits, for sure just like us they'll be able to enjoy all the benefits.

If a person experienced aomething negatively, he will always tell to others the negative side only of that thing. I agree to the idea that those person who experienced to be scammed are always getting bitter about the lesson they've learned. The ending is that people always get afraid of the opportunity that they might be get. They often move backward because of the only idea that the other told. People always losing the opportunity to learn new things and earn some profits. I think people isn't scared about bitcoin in general, they just don't want to experienced others mistakes and not afford to lose some of their investments.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: bct-user on March 14, 2021, 07:58:16 PM

In my opinion, ordinary people don't really know Bitcoin and they saw FUDs from bad people. This may be the common reason for many people to be afraid of Bitcoin. There are too many FUDs and those people are sometimes lazy to check whether it is true or wrong issues. However, I think most people are starting to be not afraid again now because they already know about Bitcoin from many valid sources.

Well said, those who experienced scams provides wrong impressions to this industry.

With certain losses they created fuds and misinformation about this asset, people who are not paying attention are easy been move
so instead of gaining interest they'll simply been push away from this opportunities, if only they take time to learn about this system and
all the benefits, for sure just like us they'll be able to enjoy all the benefits.

Bilgent

member

Activity: 518

Merit: 13

In my opinion, some of the biggest reasons that ordinary people afraid of BTC are its being much more different than the usual currencies and its being too volatile. There are so many people all around the world who have no idea about Bitcoin because of its totally different structure. And when you say that 'it is decentralized', many people look at you like 'How is it possible?'. If those people take the necessary education for learning about cryptocurrencies correctly or they do a good research about them, they would really understand what is meant by saying decentralized etc. and how its system works.

Hoverkart

newbie

Activity: 1

Merit: 0

Bitcoin is the initially decentralized distributed installment organization and digital currency. ... Preposterous decade, Bitcoin has acquired consideration not just from conventional ... around the world.2; Some legislatures dread that Bitcoin can be utilized to ... To an expanding number of individuals, that guarantee amounts to nothing.

Usider

newbie

Activity: 28

Merit: 10

Quote from: Renampun on March 11, 2021, 02:48:55 PM

it happened because they didn't want to try to buy Bitcoin...
the first time I was afraid to buy Bitcoin for fear of loss and doubt overtook me, but over time I learned that Bitcoin is a trusted asset that could not harm me. many people have never been educated about what Bitcoin is, I think education is the most important thing.

Don't be so critical. Most of the people that doesn't want to invest in BTC doesn't feel afraid of it, they either don't have enough money for that or don't want to know nothing about Bitcoin at all because they strictly believe in fiat money. Despite the fact that Bitcoin by itself can't harm you there are a lot of hackers and scam that can harm you so it's better always to be alert.

BuNga_cute

full member

Activity: 1736

Merit: 116

Based on my experience talking to several people in my neighborhood, why are they not interested in buying Bitcoin. Most of them are misinformed,
so they are afraid that their money will be used for something negative. Many people get information from the government, which usually always
says negative things about Bitcoin, because most governments consider Bitcoin a threat to banks. Even though my country legalized Bitcoin as
a digital asset, still the statements from the government regarding Bitcoin are always negative. So it's no wonder that many people are afraid of
investing in Bitcoin, I sometimes need quite a long time to explain the correct information related to Bitcoin to people around me.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: Ryker1 on March 14, 2021, 05:20:22 PM

Quote from: blockman on March 14, 2021, 05:01:44 PM

Quote from: uelque on March 14, 2021, 08:51:48 AM

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

Yeah, the volatility is what they're scared of. They're not willing to take the risk of it and even they start knowing it but when they're afraid of volatility, they'll decline.

Well, that is the fact that most people are afraid to invest, but the difference between us and them is totally different. We are fully oriented regarding volatility and how bitcoin will work, that is why we don't afraid even though that is the nature of bitcoin. In short, --we can manage the possible risk in cryptocurrency, unlike them always afraid of anything not only the volatility, perhaps there are too many what if, what if that hack, what if I lost my bitcoin, what if bitcoin did not accepted in my country and etc. Those are big questions on their mind, where about us, we already aware and know how it technically works.

There's already the difference because we're here and invested while discussing those people that are not willing to take the risk. It's a matter that others don't really think is worth taking.
We can tolerate the risk that investing in bitcoin and other cryptocurrencies while they just want to stay wherever they are or likes the other types of investments.

clippers

copper member

Activity: 84

Merit: 15

Actually, for most people who afraid of Bitcoin, they won't even try to test cryptocurrency like me. But, when I first made money from cryptocurrency, I fell in love with them and spent a lot of time studying them. No one could reject cryptocurrency as long as people are willing to try.

abderrazak belkhir

full member

Activity: 1096

Merit: 167

Things are complicated...i believe people didnt chose to be carful abount using bitcoin but the media always treats the bitcoin as a dangerous and strange thing that can fall to zero at any moment and can be used from terrorists...thod ideas still unfortenetly into the minds of many people

bct-user

full member

Activity: 383

Merit: 100

In my opinion, ordinary people don't really know Bitcoin and they saw FUDs from bad people. This may be the common reason for many people to be afraid of Bitcoin. There are too many FUDs and those people are sometimes lazy to check whether it is true or wrong issues. However, I think most people are starting to be not afraid again now because they already know about Bitcoin from many valid sources.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: rosebrand on March 14, 2021, 11:54:13 AM

Well people at the outside world of bitcoin sees bitcoin differently from the way we see bitcoin, there discriminate bitcoin ignorantly and tag the individual scam activities on bitcoin thereby making bitcoin looks like a high risk investment but here we are benefiting from same bitcoin there see as scam, truly there are really ordinary people because there can't really see the benefits there stand to archive from bitcoin and most of them are just being afraid of price volatility unknowingly to them that price volatility is really what makes bitcoin beneficial to investors and traders.

People who are outside cryptocurrency space probably see bitcoin and other cryptos as a scam because of those scammers who are using bitcoin and other cryptos as a tool in their scheme. People judgement is just based on what they only see that's why we can't blame them. The lack of knowledge about bitcoin and how it works make them very uncomfortable even trying it.

There are people who hate new things or has a hard time dealing with it, that's why they tend to just put their ignorance in it.

kopijos

member

Activity: 523

Merit: 11

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.

Ryker1

sr. member

Activity: 1932

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: blockman on March 14, 2021, 05:01:44 PM

Quote from: uelque on March 14, 2021, 08:51:48 AM

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

Yeah, the volatility is what they're scared of. They're not willing to take the risk of it and even they start knowing it but when they're afraid of volatility, they'll decline.

Well, that is the fact that most people are afraid to invest, but the difference between us and them is totally different. We are fully oriented regarding volatility and how bitcoin will work, that is why we don't afraid even though that is the nature of bitcoin. In short, --we can manage the possible risk in cryptocurrency, unlike them always afraid of anything not only the volatility, perhaps there are too many what if, what if that hack, what if I lost my bitcoin, what if bitcoin did not accepted in my country and etc. Those are big questions on their mind, where about us, we already aware and know how it technically works.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: AsongJosh on March 14, 2021, 03:56:08 PM

Actually, what someone does not know is a not just a problem. It is a huge one! Expect ordinary people to still have fear when Bitcoin is the subject.

Personally, the time I knew nothing (or little) about Bitcoin, I never dreamt about investing in it. However, having come to know a little bit beyond just its name, is why am here.

And that's why for some, they don't want to know about bitcoin. They have no plans of investing in it. Even they knew about the existence of it when they knew the volatility of it, they might reject investing in it.

Quote from: uelque on March 14, 2021, 08:51:48 AM

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

Yeah, the volatility is what they're scared of. They're not willing to take the risk of it and even they start knowing it but when they're afraid of volatility, they'll decline.

AsongJosh

jr. member

Activity: 43

Merit: 1

Actually, what someone does not know is a not just a problem. It is a huge one! Expect ordinary people to still have fear when Bitcoin is the subject.

Personally, the time I knew nothing (or little) about Bitcoin, I never dreamt about investing in it. However, having come to know a little bit beyond just its name, is why am here.

rosebrand

full member

Activity: 784

Merit: 100

Well people at the outside world of bitcoin sees bitcoin differently from the way we see bitcoin, there discriminate bitcoin ignorantly and tag the individual scam activities on bitcoin thereby making bitcoin looks like a high risk investment but here we are benefiting from same bitcoin there see as scam, truly there are really ordinary people because there can't really see the benefits there stand to archive from bitcoin and most of them are just being afraid of price volatility unknowingly to them that price volatility is really what makes bitcoin beneficial to investors and traders.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: uelque on March 14, 2021, 08:51:48 AM

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

To think that we are also into those times where we are just ordinary people too on where we do still lack knowledge and doesnt really much have idea about this market.

We cant deny that at first we do really have that kind of hesitation inside on dealing up with things because we dont know if this is some another sort of scam in the internet.

I admit that i do have that kind of feelings when i do first encounter this market.Being afraid is normal because we dont know on whats coming or we dont like
to lose money and its just a normal thing but once you do able to get the knowledge then thats the time you would realize things.

uelque

full member

Activity: 812

Merit: 126

We are all ordinary people here the only difference between us bitcoin enthusiast and those who are not is that we take the risk. Because we knew there is something much deeper when we first heard the word bitcoin. And maybe some of your friends are afraid due to extreme volatility of crypto market, unlike stocks, investing is much riskier. But high risk high reward game is much more fun to play. But be sure to play with caution, backed by knowledge.

Topic: Why do ordinary people feel afraid of Bitcoin? - page 11. (Read 3643 times)