Topic: Why do ordinary people feel afraid of Bitcoin? - page 3. (Read 3643 times)
In my opinion, ordinary people think that bitcoin transactions are very risky and there is a possibility of losing their money. They also think that bitcoin is illegal in many countries so they are more afraid of it.
Because Bitcoin cannot be touched or seen, it is not touchable like gold.
In addition, the media reported negative news about Bitcoin.
People are always afraid of things they don't understand.
In addition, the media reported negative news about Bitcoin.
People are always afraid of things they don't understand.
Ordinary people are afraid of Bitcoin because they get information about Bitcoin from the wrong sources
see how the majority of the media preach the FUD about Bitcoin massively just for the sake of a news
if ordinary people get information about Bitcoin from the right sources like this forum then they will surely fall in love with Bitcoin
to hell with the media that preach Bitcoin FUD to ordinary people
see how the majority of the media preach the FUD about Bitcoin massively just for the sake of a news
if ordinary people get information about Bitcoin from the right sources like this forum then they will surely fall in love with Bitcoin
to hell with the media that preach Bitcoin FUD to ordinary people
As much as Bitcoin is a legit platform, one can still get scammed if one isn't careful. I do not blame the ordinary man that has had a bad experience before or the one that believes Bitcoin is a stupid game, what differentiates us really is knowledge. I don't know about anyone else but for me, when I first started investing I was scared as shit also, I just kept learning too.
I believe that ordinary people do not have even the slightest of idea about what Bitcoin is which is why they are afraid. They are majorly afraid of high price I think and a major portion among the ones afraid are not that much tech savvy or not much related to technology.
true as you say, lack of knowledge makes people afraid to play in bitcoin, if we continue to learn and understand bitcoin, gradually we will surely love bitcoin, and accept bitcoin, because we know bitcoin has had a very positive impact on us,
indeed to enter this business we must be able to understand bitcoin first. that way we will be able to judge true and false news after understanding it. because sometimes beginners who fail will spread untrue news, and that's because he himself doesn't want to learn first, because their orientation is to want to be successful quickly like other people they hear 
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.
Ordinary people are usually afraid of everything that is new and incomprehensible to them. In fact, Bitcoin is still an experiment, and there are still many risks that can make things go wrong. These are the reasons why Bitcoin is dangerous to some people. However, I think that the main reason and most visible to ordinary people are simply very large fluctuations in price. With such rapid and large fluctuations in price, for ordinary people investing in Bitcoin is just a lottery and a dangerous game.
It can be said that people are afraid of the things that they are not familiar with, or of the things that they were misinformed about. As per Bitcoin, people know its volatility, and that can be a major thing to drive them anxious and choose not to deal with it. This can be interpreted that the perceived risks that come along Bitcoin, discourage and make people afraid with it. Also, the potential of illegalities that has been and can be made with it can be an additional factor. Nevertheless, accurate information and open mindedness can correct these misconceptions.
While it is true that people might be afraid of Bitcoin because of its volatility, is has also been a major reason that drove people to Bitcoin. We are still far away from using it on a daily basis so why would they buy it if not for speculative reasons? Bitcoin is just so expensive now that a lot of people are afraid there investment might lose 50% in value.
Governments can do a lot of things to devalue Bitcoin and if they wanted to. They don't even need to forbid it. They can just make it totally impractical to buy it let alone use it. That is still a risk and once Bitcoin becomes a real threat and the incentive is high enough we will find out what governments will really do about it.
It can be said that people are afraid of the things that they are not familiar with, or of the things that they were misinformed about. As per Bitcoin, people know its volatility, and that can be a major thing to drive them anxious and choose not to deal with it. This can be interpreted that the perceived risks that come along Bitcoin, discourage and make people afraid with it. Also, the potential of illegalities that has been and can be made with it can be an additional factor. Nevertheless, accurate information and open mindedness can correct these misconceptions.
Ordinary people feel afraid of Bitcoin because they are a stranger to this ecosystem. As the system of the cryptocurrencies is totally different from fiat money, people are afraid to lose much money if they buy them. But as long as they get to know really well about these cryptos, things will go on way better for them. They should be taught about this ecosystem. This would help them get accustomed to the digital currencies to come in the future also.
Of course this cannot.be separated.from the price of bitcoin which is.too low at the moment.which.makes people feel afraid.of all this, so there.are still many ordinary people who will always feel that they will experience significant.losses which make them.feel anxious.about such.things. This is.indeed.commonplace when the price is.also unstable.and unsatisfactory.for investors.especially among.beginners
I am an ordinary person and I am not afraid of bitcoin. Lol,has a job at a company, has a family, is passionate and likes creativity. I think some people are not knowledgeable enough to realize the real difference between bitcoin and the rest of the market. The evils of scams for altcoins have made their psychology lash out about the name bitcoin. Bitcoin is simply volatility for different uses. The biggest problem is the lack of knowledge.
true as you say, lack of knowledge makes people afraid to play in bitcoin, if we continue to learn and understand bitcoin, gradually we will surely love bitcoin, and accept bitcoin, because we know bitcoin has had a very positive impact on us,
Bitcoin makes new things in the economic field. When new things appear and you understand them, you will be resistant to it. The negative news about Bitcoin will also make some people fear Bitcoin. Some countries suppress Bitcoin, and some areas also prohibit the use of Bitcoin transactions. They will think Bitcoin is illegal.
When I first heard about Bitcoin, I was not interested in it. But when I realized the benefits it brought to investors, I began to study and research slowly, until now I discovered its positive impact on the world. When they analyze market fluctuations and trends by themselves and start to invest in Bitcoin and make some profits, they will like it more and more.
When I first heard about Bitcoin, I was not interested in it. But when I realized the benefits it brought to investors, I began to study and research slowly, until now I discovered its positive impact on the world. When they analyze market fluctuations and trends by themselves and start to invest in Bitcoin and make some profits, they will like it more and more.
A LOT of people were afraid of the internet, keep in mind. It’s a combination of lack of curiosity and diligence, that keeps people skeptical.
But as a gamer myself, I got hooked up NFT DeFi Games, specifically AXIE, now I'm planning to try different games, Evolution Land and AnRKeY X.
But as a gamer myself, I got hooked up NFT DeFi Games, specifically AXIE, now I'm planning to try different games, Evolution Land and AnRKeY X.
I am an ordinary person and I am not afraid of bitcoin. Lol,has a job at a company, has a family, is passionate and likes creativity. I think some people are not knowledgeable enough to realize the real difference between bitcoin and the rest of the market. The evils of scams for altcoins have made their psychology lash out about the name bitcoin. Bitcoin is simply volatility for different uses. The biggest problem is the lack of knowledge.
true as you say, lack of knowledge makes people afraid to play in bitcoin, if we continue to learn and understand bitcoin, gradually we will surely love bitcoin, and accept bitcoin, because we know bitcoin has had a very positive impact on us, I am an ordinary person and I am not afraid of bitcoin. Lol,has a job at a company, has a family, is passionate and likes creativity. I think some people are not knowledgeable enough to realize the real difference between bitcoin and the rest of the market. The evils of scams for altcoins have made their psychology lash out about the name bitcoin. Bitcoin is simply volatility for different uses. The biggest problem is the lack of knowledge.
Yes. Fear of bitcoin usually comes down to lack of education about it. Fortunately, everyday there are more and more people creating content to educate the world about bitcoin and crypto.
Yeah, I believe there's a lack of knowledge, but I've been engaging in bitcoin since 2016 and I have fear on it. I believe it is applicable to individuals because it involves money. For example, if I have some spare cash, I like to invest it in bitcoin regardless of whether I win or lose. However, if you enjoy taking risks, you could make a lot of money. For example, the price is very low, which I can afford, but I am afraid of losing it because that money is also intended for my family. It is intended to gain, not lose, so if you lose, it's gone, but if the price goes up, it'll be a lot. It is entirely up to the individuals to take a chance even if they are afraid of losing it.
I am an ordinary person and I am not afraid of bitcoin. Lol,has a job at a company, has a family, is passionate and likes creativity. I think some people are not knowledgeable enough to realize the real difference between bitcoin and the rest of the market. The evils of scams for altcoins have made their psychology lash out about the name bitcoin. Bitcoin is simply volatility for different uses. The biggest problem is the lack of knowledge.
Yes. Fear of bitcoin usually comes down to lack of education about it. Fortunately, everyday there are more and more people creating content to educate the world about bitcoin and crypto.
I am an ordinary person and I am not afraid of bitcoin. Lol,has a job at a company, has a family, is passionate and likes creativity. I think some people are not knowledgeable enough to realize the real difference between bitcoin and the rest of the market. The evils of scams for altcoins have made their psychology lash out about the name bitcoin. Bitcoin is simply volatility for different uses. The biggest problem is the lack of knowledge.
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.
hello sir i don't understand why everyone hatesFor 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.
bitcoin, so it's like this if we really understand the system in bitcoin we will all get very big profits, this speculation is not high risk if they all know the system in bitcoin
ordinary people tend to be afraid to speculate, they tend to find a safe route by working for real. whereas what must be changed in the current mindset is that we must be able to adapt to changing times, so that we can look for opportunities to make a lot of money. just like bitcoin, if we are careful, of course we will not hesitate to invest even though we only have a little cold money
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