Topic: Why do ordinary people feel afraid of Bitcoin? - page 14. (Read 3643 times)
Biggest factor is the volatility. For those who are new to bitcoin and don't have experienced yet a big price fluctuation, they will definitely panic when they see their investment lose when a correction or massive dump happens. While there are some people that are afraid of bitcoin because someone scammed them by using it as an investment scheme. With the big companies now investing in it, more people now are starting to get curious and know for themselves what is really bitcoin and what can it do.
So, did you mean that the people who are invested in crypto, stocks, and other investment asset are special people?
Or do we have something special than those 'normal people" you were saying.
Staying out of Bitcoin doesn't automatically mean they are afraid. Some people are just so aware of how risky investments are and Bitcoin is no exemption. They've rather choose to run their own business. Not everyone has the same mindset like us who finds Bitcoin as an outlet in hopes to acquire financial freedom or become rich.
Or do we have something special than those 'normal people" you were saying.
Staying out of Bitcoin doesn't automatically mean they are afraid. Some people are just so aware of how risky investments are and Bitcoin is no exemption. They've rather choose to run their own business. Not everyone has the same mindset like us who finds Bitcoin as an outlet in hopes to acquire financial freedom or become rich.
Mostly because of bad HYPE recently where bitcoin was considered banned in some countries.
But soon after the ban was lifted when the bitcoin price came down srsly wtf.
But soon after the ban was lifted when the bitcoin price came down srsly wtf.
In my opinion, ordinary people are afraid to invest in Bitcoin, because they are not familiar with Bitcoin. Because most people are unlikely to invest
in something they really don't know. Moreover, media announcement is sometimes misleading by saying Bitcoin is widely used for illegal activities.
This makes ordinary people increasingly afraid to invest in Bitcoin. Therefore it takes a famous person like Elon Musk to provide positive information
related to Bitcoin to ordinary people. so that ordinary people are no longer afraid of Bitcoin.
in something they really don't know. Moreover, media announcement is sometimes misleading by saying Bitcoin is widely used for illegal activities.
This makes ordinary people increasingly afraid to invest in Bitcoin. Therefore it takes a famous person like Elon Musk to provide positive information
related to Bitcoin to ordinary people. so that ordinary people are no longer afraid of Bitcoin.
Now it is more about mindset really as getting bitcoin right implies to get so many different topics altogether which are: game theory and the why miners keep mining without ever think of attacking the network; economics to understand the bitcoin deflationary nature, its fixed supply etc.; time preference and why bitcoin is hard money as opposed to fiat "bad" money. And the list can be much longer here.
All these subjects are enough to scare away many people.
All these subjects are enough to scare away many people.
Those people who never go out of their comfort zone will never grow, just like ordinary people sticking to their traditional belief on earning fiat. Bitcoin to them is a treat, is a risk that they will never do because they value their money so much, so they will continue to think that it's a scam or anything that will not do any good to them, but truth is it is the other way around.
They are afraid because they lack of knowledge about Bitcoin. They don't want to accept the reality of it therefore they are always going to deny the fact that Bitcoin is much more amazing and profitable than storing fiat in their bank accounts.
They are afraid because they lack of knowledge about Bitcoin. They don't want to accept the reality of it therefore they are always going to deny the fact that Bitcoin is much more amazing and profitable than storing fiat in their bank accounts.
Being afraid to the bitcoin is normal because we know that it is volatile value or unpredictable so people are scared in investing but actually if you know what is the best to do in the money you invest for sure you will be calm and you will gain more profit if you invested to the bitcoin and not afraid but maybe why other people are scared because those money is for their daily needs which is wrong because money invest is the extra only..
Ordinary people still dont undestand why they need bitcoin. And after they see -20% spikes and that kill them
Simple, people afraid of things they don't know same thing like how some people in the past think a camera could suck their souls out and etc. Not to mention bitcoin and cryptocurrencies is all about finance, people most afraid of losing money so they gonna stick with their old idea of how money works.
But, as the time goes, people will be get used to it and therefore it will become the norm, it just need times.
But, as the time goes, people will be get used to it and therefore it will become the norm, it just need times.
They afraid about bitcoin because they do not know how bitcoin can affect their lifes, and they are not even know how to earn using it, and most of them think that bitcoin is scam or something not real, or just and imagination.
Please be mind that we are now in 20th century ? your reason is far from the start of Bitcoin presentation in the market in which people think it is scam , But world now are having knowledge in computer and they already Knew what is good and bad for them, the problem people are afraid of Bitcoin is that they cannot estimate the effect and the progress in their daily living,
But soon they will finally realize what they are not trying now is a Loss in their chance in improving their living with the use of crypto technology.
Because of the fluctuation
If you will only dig deeper , You will understand that the fluctuation is something that helps Crypto/Bitcoin to be more considerable and usable . 
They afraid about bitcoin because they do not know how bitcoin can affect their lifes, and they are not even know how to earn using it, and most of them think that bitcoin is scam or something not real, or just and imagination.
If you have enough knowledge on what bitcoin is, and how bitcoin can change your life, or how to earn money using it, there is nothing to afraid about bitcoin because you will become more confident to use it to make money.
If you have enough knowledge on what bitcoin is, and how bitcoin can change your life, or how to earn money using it, there is nothing to afraid about bitcoin because you will become more confident to use it to make money.
Without proper understanding about an specific matter shouldn't be put into conclusions. This is what happens to a person who gives us negative speculations against bitcoin and other cryptocurrencies. They thought of a situation that wouldn't ever existed, so it made them hesitant on investing towards the platform. ICO and other cryptocurrency projects who promotes scam projects, put a bad reputations against bitcoin and we can't blame them if they give generalized judgement about that scenario.
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.
it's normal that humans get afraid of things they are not familiar with. the key is whether they learn about it, and that's why some people get rich while others not 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.
even though I've known bitcoin and some altcoins, still, I need keep learning to prevent myself from turning ignorant. to live is to make more money, to make money is to learn.
People are always afraid of what is unknown or what is new. Those people who were brave enough to trust BTC when it was new are now considered whales sitting on money and manipulating the market right now, and those who were skeptical are starting to panic riding the trend of the market. The number of naysayers investing in crypto is increasing as mass adaptation increases. Even known personalities are now recognizing crypto as one of the best innovation ever made.
Well, in my opinion, ordinary people need to learn about the basics of Cryptocurrency and especially bitcoin, In my country in the past Bitcoin has been used for illegal purposes to fool and steal money. So others in the past are scared to get involved. But these days ordinary people are slowly learning because of the massive effect of bitcoin, plus the government has been establishing it
They have to be afraid of bitcoin because their not familiar with cryptocurrency,people who are afraid of it meaning that they into other business that even you who are friendly with cryptocurrency will not like to partake into except cryptocurrency you know more better, so from my perspective I seen that people afraid of bitcoin because them feels that bitcoin is a scam and their money used to invest in crypto will not yield profit to them, so that is one of the reasons while people have not to isolate cryptocurrency.
But anybody who tried to invest in bitcoin does not like to invest in such manual business again, while, because difference between cryptocurrency and manual businesses is very clear that investment in crypto generate more income than the manual, the fact is yet to be proven between people who trade and people who are into another business.
But anybody who tried to invest in bitcoin does not like to invest in such manual business again, while, because difference between cryptocurrency and manual businesses is very clear that investment in crypto generate more income than the manual, the fact is yet to be proven between people who trade and people who are into another business.
You are right, If anyone get the test of cryptocurrency once he will never go back to his real Job or Business anymore. But the main reason of Peoples afraid is not their lacking of knowledge about cryptocurrency. It's true that ordinary people are not much aware of cryptocurrency But the main reason is Government. their Government represent Bitcoin as Illegal or harmful thing to them. Govt represent Bitcoin like who are doing business with BTC they are criminal. They instill fear in people’s minds about Bitcoin and keep people away from Bitcoin.
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They have to be afraid of bitcoin because their not familiar with cryptocurrency,people who are afraid of it meaning that they into other business that even you who are friendly with cryptocurrency will not like to partake into except cryptocurrency you know more better, so from my perspective I seen that people afraid of bitcoin because them feels that bitcoin is a scam and their money used to invest in crypto will not yield profit to them, so that is one of the reasons while people have not to isolate cryptocurrency.
But anybody who tried to invest in bitcoin does not like to invest in such manual business again, while, because difference between cryptocurrency and manual businesses is very clear that investment in crypto generate more income than the manual, the fact is yet to be proven between people who trade and people who are into another business.
But anybody who tried to invest in bitcoin does not like to invest in such manual business again, while, because difference between cryptocurrency and manual businesses is very clear that investment in crypto generate more income than the manual, the fact is yet to be proven between people who trade and people who are into another business.
You are right, If anyone get the test of cryptocurrency once he will never go back to his real Job or Business anymore. But the main reason of Peoples afraid is not their lacking of knowledge about cryptocurrency. It's true that ordinary people are not much aware of cryptocurrency But the main reason is Government. their Government represent Bitcoin as Illegal or harmful thing to them. Govt represent Bitcoin like who are doing business with BTC they are criminal. They instill fear in people’s minds about Bitcoin and keep people away from Bitcoin.
They have to be afraid of bitcoin because their not familiar with cryptocurrency,people who are afraid of it meaning that they into other business that even you who are friendly with cryptocurrency will not like to partake into except cryptocurrency you know more better, so from my perspective I seen that people afraid of bitcoin because them feels that bitcoin is a scam and their money used to invest in crypto will not yield profit to them, so that is one of the reasons while people have not to isolate cryptocurrency.
But anybody who tried to invest in bitcoin does not like to invest in such manual business again, while, because difference between cryptocurrency and manual businesses is very clear that investment in crypto generate more income than the manual, the fact is yet to be proven between people who trade and people who are into another business.
But anybody who tried to invest in bitcoin does not like to invest in such manual business again, while, because difference between cryptocurrency and manual businesses is very clear that investment in crypto generate more income than the manual, the fact is yet to be proven between people who trade and people who are into another business.
Ordinary people are "just that", ordinary people/citizens. The ordinary and common place person, male/female/other has most likely been brought up to regard their native fiat currency as the only means of money that they deem themselves familiar with. The average Joe/Jane might even have a good idea about assets, commodities and other investment instruments, but when you start talking about a non government issued currency, people tend to stray quite far away, naturally of course. Education is most likely the only thing needed to persuade another to ever invest in crypto.
Imagine trying to explain it to your ordinary grandparents, most elderly are already set within their ways! The biggest reason of all might be that people are afraid of change.
Imagine trying to explain it to your ordinary grandparents, most elderly are already set within their ways! The biggest reason of all might be that people are afraid of change.
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Not sure what you consider ordinary people, but most people in my environment are concerned about their wellbeing and jobs, pay with cash or a card, and barely scrape investments further than what the bank may render as interest (which is close to null where I am now). There are likely cultural and generational factors to ponder, as well as the country’s economic welfare (i.e. dire needs boost the search for alternatives, and accommodated situations may venture diversification into uncharted territories).Bitcoin may ring a bell from time to time (not necessarily on a sharp key tone) in my ecosystem, but for those ordinary people, or commons, getting into something like bitcoin doesn’t even cross their minds for the vast majority of them. Let alone if we have to get them into having to learn to be their own banks, managing a wallet, being super-duper careful with their security and the TXs they send/receive, venture for taxation on benefits, be alert for scammers, check/set TX fees, etc.
These things that we, those the forum for example, understand and manage to the best of our abilities, are a light years away from the capabilities of many, thus the flourishment of entities like Paypal to lighten the load, at the cost of quite a few key features.
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