Most people are afraid of the unknown and new things. They don't know anything about the cryptocurrency field, and they don't know what Bitcoin is. They do not believe that those investors can make more profits by investing in Bitcoin.
The government's crackdown on Bitcoin, which is used for illegal transactions, and is a scam. The negative effect of these bitcoins is that they are more afraid of bitcoins.
Topic: Why do ordinary people feel afraid of Bitcoin? - page 4. (Read 3643 times)
Bitcoin is a unstable crypto that always changing it's prices , if anyone buys Bitcoin at the top prices and bought at deep by any case , he loses a huge amounts of money. Ordinary people fearing Bitcoin that sometimes government always against Bitcoin and banned Bitcoin randomly.
if in my opinion people who invest in bitcoin are not random people, they know the risks that must be faced and know the benefits that can be obtained in the future.
ordinary people don't understand bitcoin, of course before buying they will still learn it first, it's impossible for them to buy without learning it, of course not a little money must be spent to get bitcoin.
ordinary people don't understand bitcoin, of course before buying they will still learn it first, it's impossible for them to buy without learning it, of course not a little money must be spent to get bitcoin.
it's all because of unstable bitcoin price movement I think. let alone ordinary people who do not know bitcoin or also someone who says so has experienced losses in investing bitcoin. I think it's a natural thing for someone who is not familiar with bitcoin.
Because the ordinary people don't even know about the bitcoin that at which time it will rise and will down, even most of the traders don't knew some time. So, this may be the fact that ordinary people afraid of bitcoin and not want to invest in this. Becuase they don't want to be in loss even.
totally agree with you, because ignorance makes them afraid and feel that crypto is not safe. I also if I don't know how Bitcoin works, the history of Bitcoin prices and only hear from the media then I will definitely be afraid to invest in Bitcoin. educate Bitcoin to people around and closest to us is very important.As you said, people are generally afraid of what they don't understand. Ignorance really is bliss, so maybe the real issue is that they fear what they don't understand, so they try to force their views on others. I understand where they're coming from and I respect that. I know that I don't feel threatened by their beliefs because I don't believe the same things as they do. But I'm not going to impose my beliefs to them. Everyone should do their own research and make their own decisions.
I guess you are fully right who you say that ignorance is fulls bliss. They don't know what they are dealing with, yet want to have some influence over this "something" that they don't understand. That doesn't work hand in hand, and it is shameful that we are now considering groups or people who should choose someone who is supposed to take care.
Because the ordinary people don't even know about the bitcoin that at which time it will rise and will down, even most of the traders don't knew some time. So, this may be the fact that ordinary people afraid of bitcoin and not want to invest in this. Becuase they don't want to be in loss even.
totally agree with you, because ignorance makes them afraid and feel that crypto is not safe. I also if I don't know how Bitcoin works, the history of Bitcoin prices and only hear from the media then I will definitely be afraid to invest in Bitcoin. educate Bitcoin to people around and closest to us is very important.As you said, people are generally afraid of what they don't understand. Ignorance really is bliss, so maybe the real issue is that they fear what they don't understand, so they try to force their views on others. I understand where they're coming from and I respect that. I know that I don't feel threatened by their beliefs because I don't believe the same things as they do. But I'm not going to impose my beliefs to them. Everyone should do their own research and make their own decisions.
Because the ordinary people don't even know about the bitcoin that at which time it will rise and will down, even most of the traders don't knew some time. So, this may be the fact that ordinary people afraid of bitcoin and not want to invest in this. Becuase they don't want to be in loss even.
totally agree with you, because ignorance makes them afraid and feel that crypto is not safe. I also if I don't know how Bitcoin works, the history of Bitcoin prices and only hear from the media then I will definitely be afraid to invest in Bitcoin. educate Bitcoin to people around and closest to us is very important.
Digital currency is barely 13years in existence with Bitcoin been the first in 2009 and has gotten more value compared to most stocks and metals giving a big picture of what the future holds for cryto currency and blockchain technology at large. Certainly cryto rules even the future but selling this idea to a common man would require proof of financial status most people only believe in what the see
People are afraid of bitcoin because these people are misinformed, there is a lot of anti-bitcoin information that prevents us from moving a little faster.
Generally people without knowledge of bitcoin stay on the sidelines because they see it as something new and how it leads to the use of money they can see the risk before trying.
We must work in communities to bring good information about bitcoin and help people to join.
Generally people without knowledge of bitcoin stay on the sidelines because they see it as something new and how it leads to the use of money they can see the risk before trying.
We must work in communities to bring good information about bitcoin and help people to join.
We are moving just fine, why move faster? You are only relating your talk to Bitcoin's price, but there is so much more that has to be in place in order for Bitcoin to really take the next step. More and better infrastructure, more favorable regulation and much more. Bitcoin's price may help speculators in the short-term but it will drop as quickly as it rose when the rest doesn't sufficiently support the price. If you can use Bitcoin at ease and Bitcoin's price rises, that is the perfect combination for everyone involved.
People are afraid of bitcoin because these people are misinformed, there is a lot of anti-bitcoin information that prevents us from moving a little faster.
Generally people without knowledge of bitcoin stay on the sidelines because they see it as something new and how it leads to the use of money they can see the risk before trying.
We must work in communities to bring good information about bitcoin and help people to join.
Generally people without knowledge of bitcoin stay on the sidelines because they see it as something new and how it leads to the use of money they can see the risk before trying.
We must work in communities to bring good information about bitcoin and help people to join.
For some newcomers, Bitcoin involves too many areas. If you do not learn and understand Bitcoin in advance, you cannot easily understand Bitcoin. Bitcoin has too many levels of knowledge, and no one will relax their vigilance in areas they don't understand.
When I entered the crypto market as a newbie, I knew very little about it. After studying with friends for a while, I started to understand how to look at the situation and bought Bitcoin. After all, Bitcoin is the leader in encryption. Therefore, some people who don't understand the encryption field just hear these things they don't understand, and have no practical experience.
Ordinary people are always unstable think bitcoin and others cryptocurrencies have decentralized and lost can't be recovered. They have to think about cryptocurrencies with wrong direction and information.
Therefore, they should need at least do know on whats the basics because this is the most important thing for a certain person to have when dealing up with something that he hadn't encountered before.If they do feel afraid then yes I cant really blame out some people because that's due to lack of knowledge and awareness on what it is all about and even myself had really that hindrance on first glance
when knowing about bitcoin or crypto since its totally new then you would be normally having that kind of reaction so the best way to get rid of that is to make your own research and learn up new things
connected to it.
The problem for some people is that it requires effort to understand Bitcoin. Going down the rabbit hole takes time and effort. What's also a problem is that some people have a kind of mental resistance against learning about new stuff, and in particular against learning about new technologies.
There are those who find that exciting and can't get enough, and there are those who throw their TV out the window when the remote control doesn't do what they want it to do. How should the latter ever understand what Bitcoin is and what it does?
Bitcoin is a new thing for traditional industries, and many people will be prepared for new things and will not take the initiative to learn about it. They don't know the purpose of Bitcoin, and they don't understand the benefits of Bitcoin. They will only see in the news that some countries are cracking down on Bitcoin, the government does not support Bitcoin, and its price is unstable, which will make them think that Bitcoin is a scam, so they will be afraid of Bitcoin.
Because they don’t understand Bitcoin, the Bitcoin they know is not correct. Many media will publish some negative news about Bitcoin. Some people will first see this news and think that Bitcoin is not good, so they won’t understand it, but They know that Bitcoin is bad, and then they tell his friends that many people will not be optimistic about Bitcoin, thinking that Bitcoin is a lie, so they dare not touch Bitcoin.
Ordinary people are always unstable think bitcoin and others cryptocurrencies have decentralized and lost can't be recovered. They have to think about cryptocurrencies with wrong direction and information.
Therefore, they should need at least do know on whats the basics because this is the most important thing for a certain person to have when dealing up with something that he hadn't encountered before.If they do feel afraid then yes I cant really blame out some people because that's due to lack of knowledge and awareness on what it is all about and even myself had really that hindrance on first glance
when knowing about bitcoin or crypto since its totally new then you would be normally having that kind of reaction so the best way to get rid of that is to make your own research and learn up new things
connected to it.
Bitcoin seems too good to be true as advertised. Money-hungry and scammers are everywhere promoting bitcoin as investment schemes with huge returns, tempting but very unusual for the ordinary. Also, People are conditioned with tangible money and digital banks so that unknown coins would be skeptical for them. Everyone should learn to do their own research.
for people who don't understand bitcoin, it's very difficult for us to explain, especially if they don't understand bitcoin, when they want to learn about bitcoin, we also want to teach them how to invest in bitcoin, it's not that they are difficult to put their money in bitcoin but they tend to hesitate to enter this investment just because they still don't understand this business bisnis
Usually they get carried away from the media that really does not support bitcoin, such as the media that spread the news about the bad bitcoin, let's just say bitcoin is a bubble, some news initially talked about it, made everyone afraid to own bitcoin, usually people who join bitcoin is a person who dares to take risks by ignoring about people who hate bitcoin. so that they are not afraid.
Big impact since they don't have any ideas about this industry,
They been moved by those negative write ups about this business, they are afraid by knowing nothing but for those who knows how to
handle the risk and have that patience in learning deeper about Bitcoin they are the one who benefits a lot.
The answer to this question is very simple: they are afraid of new. People are afraid of what they don't understand. Most of the people have no knowledge about economy because they don't teach us the important things in school.
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