Topic: Why do ordinary people feel afraid of Bitcoin? - page 13. (Read 3654 times)
Bitcoin may often be used on the black market by certain people, because virtual money is not directly monitored by the government. This is what makes people hesitate to use Bitcoin because it is mostly used for criminality. In fact, not all Bitcoin owners use it for crime
You should know that those of us involved with the Blockchain Technology, bitcoin and cryptocurrencies do not have super powers. We are actually ordinary people.
Personally, I think there are two major reasons people are afraid of bitcoin.
Firstly, they are afraid because they don't know. Ignorance has actually caused so many people to think bitcoin is harmful or illegal. You should know no one wants to be involved in illegal activities and since they have the wrong notion of bitcoin being illegal, they are afraid of it.
Secondly, they are afraid because they think it's a scam. They have been involved in so many Ponzi Schemes that they don't believe bitcoin is not one.
Personally, I think there are two major reasons people are afraid of bitcoin.
Firstly, they are afraid because they don't know. Ignorance has actually caused so many people to think bitcoin is harmful or illegal. You should know no one wants to be involved in illegal activities and since they have the wrong notion of bitcoin being illegal, they are afraid of it.
Secondly, they are afraid because they think it's a scam. They have been involved in so many Ponzi Schemes that they don't believe bitcoin is not one.
One reason might be that people are afraid of bitcoin is that they don't know anything about, excerpts from gossips is not exactly a good relay for information. It is natural that you are afraid of something you don't know, but to dispel that fright of the unknown, the only thing that we can do is to face it head on and look for answers to our questions, if there are people that are sharing information about bitcoin in a neutral standpoint, I think that we can remove this fear surrounding these people who are afraid to take a leap of faith. If there is a light that will guide, people will walk through the darkness.
True, people that trusts gossips easily without due diligence then they miss out on the opportunity rather it be bitcoin or something else.
Recently most gossips and hypes around bitcoin was to keep people away from bitcoin and for what? So that institutions can buy bitcoin or other crypto currencies at a cheap rate.
Tactics used by those people is mostly fear and ill language towards bitcoin like “it’s a bubble”.
Some people are still actually saying that Bitcoin is a "bubble" but I believe that they are only doing this to gather information about something that they do not know because some of the engagements from that kind of topic can be knowledgeable. All people should keep an open mind if they want to experience change but that does not mean that they would not have doubts because having doubts can be normal and you everybody can contribute as long as they see the opportunity to teach them about Cryptocurrencies. This gossips are something harmful for them because it is what kept them away from Bitcoin which can be a potential income generator.
Sometimes they feel afraid of Bitcoin due to lot of scams involving it even most of them found it out years ago still didn’t give time to engage. There are times that they are only encouraged to invest if they saw positive results from their family and friends investing in Bitcoin.
Because it is too expensive investment and they are afraid of losing their money .
Second is that we have lack of information campaign to get ordinary peoples attention and opinion about crypto.
So the ending is they are being afraid even we have already proven how this works and how this gives us profits since long time ago.
Second is that we have lack of information campaign to get ordinary peoples attention and opinion about crypto.
So the ending is they are being afraid even we have already proven how this works and how this gives us profits since long time ago.
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.
3 Reasons ordinary people afraid of Bitcoin
1. People Don’t Understand It
2. It Isn’t Legal Tender
3. Bitcoin May Lose Its Value
It is like saying cars are dangerous and you shouldn't drive one because you can die?
To them is so dangerous (because they think it is a scam and you'll only lose your money) that they don't even bother educating themselves about it. These people are just too ignorant and making up excuses for themselves, something that needs to change...
Here are somethings that made ordinary people feel afraid of bitcoin:
• Market facilitator: many people don't have someone that is directing them to where to achieve something good from their Investment because they have any idea concerning the new strategies many bitcoin userse are now using to achieve income from the market.
• lost: many people are afraid of bitcoin based on the negative thought they have heard from their facilitator, that no one can trade with bitcoin without experiences lost in his investment.
• bear market: The reason why the ordinary people feel afraid of bitcoin is because they cannot cope with the condition of the market price in case it decreased or increase in unexpectedly.
• Market facilitator: many people don't have someone that is directing them to where to achieve something good from their Investment because they have any idea concerning the new strategies many bitcoin userse are now using to achieve income from the market.
• lost: many people are afraid of bitcoin based on the negative thought they have heard from their facilitator, that no one can trade with bitcoin without experiences lost in his investment.
• bear market: The reason why the ordinary people feel afraid of bitcoin is because they cannot cope with the condition of the market price in case it decreased or increase in unexpectedly.
One thing about being scared of bitcoin for ordinary forks is that, if bitcoin isn't tangible and they don't fully understand the concepts about it and as such, it becomes so much of a risky investment for them, but putting money in what they can really wrap their heads around it.
It becomes a problem and very challengeing still, but with the series of complaints on how bitcoin or crypto currency at large has been one of the best ways to defraud people and go boom, untraceable.
In that instance, you they pay no attention to details as per matters of security and are fill with all the negative aspects of the trade which becomes a problem ig barrier on any possible future investment.
It becomes a problem and very challengeing still, but with the series of complaints on how bitcoin or crypto currency at large has been one of the best ways to defraud people and go boom, untraceable.
In that instance, you they pay no attention to details as per matters of security and are fill with all the negative aspects of the trade which becomes a problem ig barrier on any possible future investment.
One reason might be that people are afraid of bitcoin is that they don't know anything about, excerpts from gossips is not exactly a good relay for information. It is natural that you are afraid of something you don't know, but to dispel that fright of the unknown, the only thing that we can do is to face it head on and look for answers to our questions, if there are people that are sharing information about bitcoin in a neutral standpoint, I think that we can remove this fear surrounding these people who are afraid to take a leap of faith. If there is a light that will guide, people will walk through the darkness.
True, people that trusts gossips easily without due diligence then they miss out on the opportunity rather it be bitcoin or something else.
Recently most gossips and hypes around bitcoin was to keep people away from bitcoin and for what? So that institutions can buy bitcoin or other crypto currencies at a cheap rate.
Tactics used by those people is mostly fear and ill language towards bitcoin like “it’s a bubble”.
Ordinary people do afraid of bitcoin because they didn't know the real value of crypto currency. They did not do some research about the importance of bitcoin. If you really trust the process of crypto you will not afraid to commit about it. Ordinary people feel afraid of bitcoin because they not really trust the process about bitcoin. They afraid about loosing money because they may think that bitcoin is a piece of scam or not to be trust by many.
One reason might be that people are afraid of bitcoin is that they don't know anything about, excerpts from gossips is not exactly a good relay for information. It is natural that you are afraid of something you don't know, but to dispel that fright of the unknown, the only thing that we can do is to face it head on and look for answers to our questions, if there are people that are sharing information about bitcoin in a neutral standpoint, I think that we can remove this fear surrounding these people who are afraid to take a leap of faith. If there is a light that will guide, people will walk through the darkness.
It depends on what do you mean by saying ordinary people. In case ordinary people that just work in ordinary office from salary to salary, so such kind of people do not like risks and prefers something that is less but stable. In case you mean ordinary people that haven't invested at the very beginning of yhe Bitcoin or invested in the decrease times, so they may have lots of personal reasons. And it seems to me that even examples about Google, Amazon and other examples will not help much. The only thing will work - personal motivation and strong desire to change something in their life.
I think many people thinks bitcoin is something that really not legal . Or not secured for life. Some people can not understand this could be fake . Or LOOSING money . This may be biggest afraid of bitcoin.
Ordinary people? To whom you are preferring into? what are the criteria's or basis o being ordinary?
-No good level in terms of financial aspect
-Insufficient knowledge towards crypto?
-Afraid to get involved due to possible legal actions
-Afraid on losing money
Reasons on why i do saw people feel afraid of it but if they do just simply learn out the basics or information
of it then i dont see any reason for you to get afraid.
-No good level in terms of financial aspect
-Insufficient knowledge towards crypto?
-Afraid to get involved due to possible legal actions
-Afraid on losing money
Reasons on why i do saw people feel afraid of it but if they do just simply learn out the basics or information
of it then i dont see any reason for you to get afraid.
They are looking at the extreme and have no idea what they are talking about. The world itself could be taken over by various groups. In fact, bitcoin needs 51% for a take over, in history, it takes a much lesser % of total people to conquer the world. Loo kat Germany and Britain. They are a small % of the total people in the world yet they took over?
It is like saying cars are dangerous and you shouldn't drive one because you can die?
It is like saying cars are dangerous and you shouldn't drive one because you can die?
When you are just an ordinary person and don't know what Bitcoin is, it is hard to believe, especially if you have no digital trading experience.
Most of the time, just like some of my friends who don't believe in Bitcoin, they can't believe that this kind of profit can really be made just by investing in cryptocurrencies.
Most of the time, just like some of my friends who don't believe in Bitcoin, they can't believe that this kind of profit can really be made just by investing in cryptocurrencies.
What convinced me was when a buddy of mine found some old thumb drives laying around in 2017 or so, with about 30 BTC in them when the price hit like 1k per coin. Thrilled at the rewards found, he sold. Heck I think he only paid 3K for them total. He traded it for SOLID GOLD coins and I handled the stack of Gold coins he got. That convinced me that Bitcoin was worth something and worthy of looking at.
lol, I know, just think if he had kept them until today? Well, the same goes for any investor today with the prices being discussed as hitting 100K and beyond. You can either act on this or stay and watch the world go by without worrying about it. No loss. No harm. But don't get jealous of those who had the guts/fortitude to hold. That takes serious restraint and deserves to be rewarded just like everything else people invest in hoping the value increases.
Just like BTC, the stock market isn't guaranteed to make anyone rich. But there are those things called "blue chip" stocks that have proven over time to be prudent and wise investments. Still no guarantees as any of those companies could go belly up at any time. But once they become an institutionalized part of the economy for the value it brings then it's much harder to fail. BTC is headed in that direction today.
Andrew
When you are just an ordinary person and don't know what Bitcoin is, it is hard to believe, especially if you have no digital trading experience.
Most of the time, just like some of my friends who don't believe in Bitcoin, they can't believe that this kind of profit can really be made just by investing in cryptocurrencies.
Most of the time, just like some of my friends who don't believe in Bitcoin, they can't believe that this kind of profit can really be made just by investing in cryptocurrencies.
You have already called them names: "ordinary people", how would they not feel afraid in a new market that need cautions, even the old guys are still much afraid of the downs and ups in the market. We shouldn't pretend to say we don't really understand what happened to the last sect that invested into Bitcoin 2018-2019, even the sect before this ones, these season has created more fears in the heart of many concerning this technology called Bitcoin.
The more similarities we find with those ones that, for many reasons, don't believe in BTC yet, the healthier the BTC ecosystem becomes. Unless we´re trying to create a religion, we should leave the derogative adjectives aside.
"Ordinary people" are born, develop themselves in different aspects (including Crypto and no crypto fields) and die.
From that perspective, I'm still an "ordinary person" and I got some Bitcoin too 😁
Are you saying those of us who have the courage to be part of this space are extraordinary people 
The thing is many people are often scared of what they don't know or have no knowledge about, they just assume btc or crypto is bad because of what they have heard and read, if only they can spare some time to acquaint themselves with btc they will love it and be glad they are part of it.
The thing is many people are often scared of what they don't know or have no knowledge about, they just assume btc or crypto is bad because of what they have heard and read, if only they can spare some time to acquaint themselves with btc they will love it and be glad they are part of it.
Ignorance does affect the ignorants and the ones that are with them. It seems, so far, we are sharing this piece of land called Earth with awakened and ignorants (depending on the contexts). We better educate each other, or we all will get affected. No matter how rich a person becomes, how much priviledge you got, we will always rely on each other.
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