For me Bitcoin is much better than stocks or bonds and much better than keeping money in your bank account.
Account is the worst because of the inflation, possible bailouts and government taking your money for whatever reason. Also they it doesn't make you earn anything.
Bonds are locking your money for a long time and the return isn't big. Its strongest point is safety but we don't want our money to be safe we want to make more.
Stocks are a little better but there's always a chance of bankruptcy. There's always that CEO who can become a target or make a big mistake and destroy the company.
Bitcoin is the best because it cannot be taken from you, grows in value the fastest and has no person in charge.
Topic: Why do ordinary people feel afraid of Bitcoin? - page 16. (Read 3654 times)
Each individual have claim considerations, governments have claim conclusion whereas individuals like to accept them indeed in the event that they are insensible and delineating bitcoin awful. I still see it shocking how bitcoin is called this so called recorded over but whereas fiat is the not culminate but utilized for all such as well more than bitcoin. Fiat is unstable, particularly within the nations that are not created or not well created, the fiat will be depreciating but the citizens will know but have nothing much against the legislative defective arrangements.
These so called "ordinary" people are those who have limited income and savings while the risk involved in Bitcoin investment is way too high. These people have there reservations about any type of investment i.e. property, bonds etc. One of the reason could be the self made crypto influencers who know a little about trading and gives trading signals and people lost their money by following his directions.
I work in finance and I can tell you that "ordinary" people, or ie the masses, are afraid of investing in anything and everything for the most part. A good chunk of people are "afraid" because they simply do not understand and they are often too lazy to do any homework for themselves so when they hear people tell them " oh watch out for this, or watch out for that" then they do. It amazes me how many people take financial advice from their co-workers and or family members who have no financial background what so ever.
people are afraid of bitcoin because they are afraid of losing money and they don't understand about bitcoin so they conclude that bitcoin can lose money, if they understand about the world of crypto maybe they will not be separated from the world of crypto.
Since I first heard and started reading about Bitcoin, my main personal concern was if it was scam or if i was gonna all lose my money. When I get used to Bitcoin and other altcoins I started telling about it to regular people like friends and family members. Most of them just didn't believe it, they told me that it might be ponzi etc. It just couldn't get their attention. But when it reached to 10000 usd first time, people started calling me to ask how they can buy it etc.
In summary I think many are worried to lose money and don't know how to use wallets, exchanges, passwords, authenticator apps etc. People who were scared most never even invested in regular stocks market.
In summary I think many are worried to lose money and don't know how to use wallets, exchanges, passwords, authenticator apps etc. People who were scared most never even invested in regular stocks market.
Ordinary people or does who are angry they do not purchase Bitcoin when the price was damn low.
I have seen a lot of people procrastinate about buying Bitcoin and when it is all over the news about it price increase, this same people start giving a hundred and one reason why it fail so badly.
They mostly think about scams and having doubts inside. Some take the risk as they opened up their mind but many were still knowing nothing about this and keep ignoring. We can't blame them either for not improving their lives as they just ignore this great opportunity. I have seen a lot of people procrastinate about buying Bitcoin and when it is all over the news about it price increase, this same people start giving a hundred and one reason why it fail so badly.
If they only had welcoming crypto before when the price is cheap, they can surely see the difference happening to them. But somehow they keep themselves blind, it sounds sorry for them. I know they can afford to do it but they are blocked by their negative thinking cursing themselves not to invest any more in crypto.
My story is I'm not afraid of cryptocurrency, however I'm afraid of the potential repercussions of buying/trading it due to the positions taken by banking institutions. For example I can see the logic in banks preventing the use of credit cards for retail customers buying crypto, however I'm seeing quite a few stories of people having their bank accounts locked, mortgage applications refused etc when it's discovered they hold or trade crypto. Whilst I understand there are ways to circumvent this, my further concern (e.g. if I apply for a remortgage at some point) is this being discovered and my application being refused. We're living through transitional times where banks are trying to prevent their customers from buying/trading crypto (done to protect the customer from themselves they say) however I think a large part of this is banks obviously want to protect the status quo (fiat etc) and they don't know how to react to all this crypto stuff.
So my fear isn't of the actual products, it's of what the repercussions could be for me with regard to fiat banks and being considered a safe / low risk customer.
And it's frustrating me as I think it will ultimately stop me investing
So my fear isn't of the actual products, it's of what the repercussions could be for me with regard to fiat banks and being considered a safe / low risk customer.
And it's frustrating me as I think it will ultimately stop me investing
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 who doesn't know about bitcoin is afraid of investing, they told that bitcoin is a big scam or other people said that bitcoin cannot be trusted. bitcoin proved them wrong, bitcoin has been amazing in 2021, many investor and big company are engaging and investing today. ordinary people not knowledgeable about bitcoin and how to earn good money in this crypto industry.
The majority of people are afraid of most investments, shares, bonds and bitcoin, and only trust bank accounts that pay interest.
What is there to be afraid of shares bonds and bitcoin. People are ignorant on these market and you need to have a level of intelligence to understand the numbers game and people who does not have that nor have the intellect will find excuses on how to overcome that as if it is only possible with trust bank to give a safe return, if you are getting afraid you need to be against the inflation and the recession as well 
. Because they don't understand how it works. Many people do not know how to use a PC, so this is not at all surprising.
You're just on point with your reply. That is the biggest reason why most people haven't invest or buy their first bitcoin yet. It's not because they want to participate in the digital economy but the fact that they do not know much about how it works is a stumbling block one which would take plenty time to convince them about Bitcoin. They don't even know that it's possible to send and receive money anywhere in the world using Bitcoin. We are in a gradual process. Soon majority of the people on it would use Bitcoin.
Totally agree as some think. People are afraid to invest in bitcoin because they don't know how it works.
Despite the fact that several years have elapsed since its launch, many things have been speculated around it that have not allowed bitcoin to demonstrate that it is capable of being used for the well-being of the people.
Bitcoin has been used as a reserve asset, investment fund, charitable aid funds, as a means of payment in e-commerce stores, and more.
But not everyone knows. The use cases of bitcoin can be infinite and we are in the stage where they will be further developed for the community.
Despite the fact that several years have elapsed since its launch, many things have been speculated around it that have not allowed bitcoin to demonstrate that it is capable of being used for the well-being of the people.
Bitcoin has been used as a reserve asset, investment fund, charitable aid funds, as a means of payment in e-commerce stores, and more.
But not everyone knows. The use cases of bitcoin can be infinite and we are in the stage where they will be further developed for the community.
Some people don't know bitcoin. So that the reason people afraid the bitcoin. It any time to price up to and down. That the reason people not invest. But people will know the bitcoin then people invest in the bitcoin. So first people will know the bitcoin information. Then people easy to invest. It good opportunity for the future to save and learn more information from bitcoin.
The majority of people are afraid of most investments, shares, bonds and bitcoin, and only trust bank accounts that pay interest.
Ordinary people or does who are angry they do not purchase Bitcoin when the price was damn low.
I have seen a lot of people procrastinate about buying Bitcoin and when it is all over the news about it price increase, this same people start giving a hundred and one reason why it fail so badly.
I have seen a lot of people procrastinate about buying Bitcoin and when it is all over the news about it price increase, this same people start giving a hundred and one reason why it fail so badly.
In my opinion Ordinary people afraid of the high volatility of bitcoin even I also afraid sometimes due to the high volatility. Ordinary people buy gold just because of very little volatility and the chances of gaining it year by year are more, on the other hand, we have seen the last 3 years' performance of Btc how bitcoin drops to 3200$ so this is the main concern of ordinary people. I would say less volatility like in gold attracts more investors to the bitcoin.
Some categories of people in my country will take you for a thieve, a smuggler, or a scammer if you ever tell them you are into bitcoin and the reason is not far fetched their mentality and knowledge of the so-called Bitcoin and ear say they have not actually sat down to read about it but carries what they heard from someone who heard from another somebody wrong information.
Maybe it is because those normal people doesn't have any chance to invest in bitcoin? Meaning they don't have the budget to buy and the thing is that they are afraid to lose because if they lose they can't buy back again, that's what I think the main reason why normal people are having doubt or scared on bitcoin meaning they don't have room to lose when they enter bitcoin. Another thing is that the lack of knowledge that they have because knowledge is power and this power will give you the things that you want, what I am trying to say is that they doesn't have enough knowledge on what bitcoin is.
To invest in bitcoin, the budget we need is never too big, so if we say someone doesn't have enough money to invest, it is unbelievable but you are still right that they have no faith in bitcoin because before the bitcoin market, we can refer to the binary and stock trading platforms, it has created great fear for many people when they overinvest and only received huge losses. But over time, people's views on bitcoin are changing a lot as the assets of old holders are soaring, provoking the curiosity of those around them, perhaps the fear will subside in the near future 
People are afraid of losing the peace of mind they have (taking a salary every month). Many people do not know how to manage their own finances and are afraid to invest or give their money to someone else to invest instead.
It's not just Bitcoin, it's a fear of investing because they just don't know how to handle their money.
It's not just Bitcoin, it's a fear of investing because they just don't know how to handle their money.
Thats true, majority of people in my country are just holding their money in banks and are not investing it anywhere. The fear of locking your money and not beein able to access it immediately is too high even thou they dont touch that money for years.
Crypto has actually quite high liquidity but people are not willing to educate themself.
People are afraid of losing the peace of mind they have (taking a salary every month). Many people do not know how to manage their own finances and are afraid to invest or give their money to someone else to invest instead.
It's not just Bitcoin, it's a fear of investing because they just don't know how to handle their money.
It's not just Bitcoin, it's a fear of investing because they just don't know how to handle their money.
Jump to: