Digital money is our future. We already use credit cards instead of paper money, for example. Why don't they see it in the same way? The other reason of being afraid could be its volatility. People who don't have much knowledge about this market are afraid to lose a lot of money if they invest in a crypto. 
Topic: Why do ordinary people feel afraid of Bitcoin? - page 7. (Read 3643 times)
They are afraid because they don't count cryptocurrencies as real money due to its not being physical. And this can be really one of the most old-fashioned thinkings. Digital money is our future. We already use credit cards instead of paper money, for example. Why don't they see it in the same way? The other reason of being afraid could be its volatility. People who don't have much knowledge about this market are afraid to lose a lot of money if they invest in a crypto.
Digital money is our future. We already use credit cards instead of paper money, for example. Why don't they see it in the same way? The other reason of being afraid could be its volatility. People who don't have much knowledge about this market are afraid to lose a lot of money if they invest in a crypto. Because ordinary people do not have enough knowledge about crypto. Due to that some other people may use their innocence to scam them. Another reason I am seeing is that, they think that it is networking or pyramiding. On the other hand many kind of online scheme can earn thru referrals, and encoding so they may think that crypto is the same thing. In that case, they may avoid crypto without really knowing what crypto is.
so be a good senior, for beginners who are just learning about bitcoin don't ever take advantage of newbies who are just learning ``
I think because they still don't understand about bitcoin and don't have any idea how big bitcoin could be in the future. I had friend and he has a expert in stock market even the price of BTC already rise every year she still don't believe and scared about volatility crypto.
Ordinary people are afraid of Bitcoin because of its high volatility I guess. And they don't know much about its system as it is completely different than fiat money. I said high volatility because not everyone is very eager to make an investment into it just for that reason.
Because ordinary people do not have enough knowledge about crypto. Due to that some other people may use their innocence to scam them. Another reason I am seeing is that, they think that it is networking or pyramiding. On the other hand many kind of online scheme can earn thru referrals, and encoding so they may think that crypto is the same thing. In that case, they may avoid crypto without really knowing what crypto is.
Ordinary and common people will always have the fear of unknown, like, if today I introduce you to a completely strange system and tell you how it can change the future of the world and eliminate evil, you will obviously be skeptical about it which is quite natural and normal it's not wise to believe anything blindly without doing proper analysis of it and using some brain cells
it's not wise to believe anything blindly without doing proper analysis of it and using some brain cells 1. Fear of the unknown
2. Some people out there see it as a pyramid scheme to stay clear of
3. Some people don't want to associate themselves with a medium that was/is linked to drugs
4. Its unregulated, which might make the risk high
5. Others think bitcoin isn't real
2. Some people out there see it as a pyramid scheme to stay clear of
3. Some people don't want to associate themselves with a medium that was/is linked to drugs
4. Its unregulated, which might make the risk high
5. Others think bitcoin isn't real
The last point is important because it refers to the fact that most people can't explain what money is. Money is a social construct based on trust and not the government gives it value, but the people who use it. If they understood that, they'd know why Bitcoin has value with all its superior properties.
It all depends on what you mean when you say "regular folks." Ordinary folks who merely work in an ordinary workplace from paycheck to paycheck do not like risks and desire something that is less risky but more reliable. If you mean regular folks who haven't invested in Bitcoin since its inception or who have invested during its downturn, they may have a variety of personal reasons.
it is only natural when people who are just starting to explore the world of crypto are very afraid when dealing with bitcoin 
This makes sense because the first bitcoin is very expensive for now, even though it has been corrected, but still the current amount of bitcoin price is very expensive, besides that the risk is very large, we remember that in the past few years bitcoin went up to new ath then dropped drastically, as well as now bitcoin has risen again to new ath continues the correction is quite deep.
maybe this is what causes ordinary people to be afraid of bitcoin
This makes sense because the first bitcoin is very expensive for now, even though it has been corrected, but still the current amount of bitcoin price is very expensive, besides that the risk is very large, we remember that in the past few years bitcoin went up to new ath then dropped drastically, as well as now bitcoin has risen again to new ath continues the correction is quite deep.
maybe this is what causes ordinary people to be afraid of bitcoin
Ordinary people have no investment or business mindset, they are afraid of risks, they are afraid of all kinds of things. They don't have the confidence to learn about bitcoin. Even if they listen to the rumors, they will run away without any care. I don't know how to describe it. But that is of the nature, they just want a stable life without events happening, work ready. That is happiness with them.
Bitcoin is volatile and volatile. Newcomers can lose a few thousand dollars and they may decide to cut their losses quickly despite their long history of bullishness.
Bitcoin is not yet accepted worldwide, it exists on the internet and is managed by each user so they will have to carefully manage their money. Bitcoin is different from stocks, gold or real estate, or collections. If they forget their password or Bitcoin account recovery phrase they will lose their money forever.
There are also many rumors about the risks of Bitcoin that make users not persistent when holding Bitcoin in the long term.
Bitcoin is not yet accepted worldwide, it exists on the internet and is managed by each user so they will have to carefully manage their money. Bitcoin is different from stocks, gold or real estate, or collections. If they forget their password or Bitcoin account recovery phrase they will lose their money forever.
There are also many rumors about the risks of Bitcoin that make users not persistent when holding Bitcoin in the long term.
Not only a few people are thinking that bitcoin is a scam. Even these days with the help of mainstream media and popular institutions that have invested in bitcoin.
There are many people that don't believe in it and still think that bitcoin is a scam because of those scammers that have been using it to their tricks. That's the bad impression bitcoin gets from those scammers.
Probably if someone made a statement bitcoin is a scam they don't even know what crypto is. they also don't know what blockchain is. bitcoin is a revolution in computer and internet technology. if they don't know bitcoin in the first place how they could believe what potential in bitcoin?
There are a lot of people that only listen but don't verify information that they're hearing from other people. It's a sad thing that many are gullible with false information without doing depth research.
Not only a few people are thinking that bitcoin is a scam. Even these days with the help of mainstream media and popular institutions that have invested in bitcoin.
There are many people that don't believe in it and still think that bitcoin is a scam because of those scammers that have been using it to their tricks. That's the bad impression bitcoin gets from those scammers.
Probably if someone made a statement bitcoin is a scam they don't even know what crypto is. they also don't know what blockchain is. bitcoin is a revolution in computer and internet technology. if they don't know bitcoin in the first place how they could believe what potential in bitcoin?
Many people are scared of jumping into what they don't understand. Many are not informed about bitcoin and how it works. Some people needs someone to emphasize to their understanding what bitcoin is all about. Few persons actually thinks bitcoin is a scam. But truthfully, bitcoin is safe. Is not what one will be afraid of getting involved, also very secure. They just need enough information.
Not only a few people are thinking that bitcoin is a scam. Even these days with the help of mainstream media and popular institutions that have invested in bitcoin.There are many people that don't believe in it and still think that bitcoin is a scam because of those scammers that have been using it to their tricks. That's the bad impression bitcoin gets from those scammers.
different from them or those who understand and have knowledge about bitcoin and anything, it's better to ignore ordinary people who are afraid of bitcoin and over time they will know the benefits of bitcoin and eventually regret it.
Many people are scared of jumping into what they don't understand. Many are not informed about bitcoin and how it works. Some people needs someone to emphasize to their understanding what bitcoin is all about. Few persons actually thinks bitcoin is a scam. But truthfully, bitcoin is safe. Is not what one will be afraid of getting involved, also very secure. They just need enough information.
Not only a few people are thinking that bitcoin is a scam. Even these days with the help of mainstream media and popular institutions that have invested in bitcoin.There are many people that don't believe in it and still think that bitcoin is a scam because of those scammers that have been using it to their tricks. That's the bad impression bitcoin gets from those scammers.
1. Fear of the unknown
2. Some people out there see it as a pyramid scheme to stay clear of
3. Some people don't want to associate themselves with a medium that was/is linked to drugs
4. Its unregulated, which might make the risk high
5. Others think bitcoin isn't real
- And because of this naive fear, they are starting to be very lustful on the outside, they are feeling hungry just because they have seen the achievement many of us here have achieved, returns are relatively terrible for what they think the pyramid scheme is, returns are infinite with respect to the risk of a lack of control. The media and the contagion have concealed the delicious fruit here but this tradition has been abandoned for bitcoin recently, people on the outside were only scared when it was difficult for them to own a bitcoin. 2. Some people out there see it as a pyramid scheme to stay clear of
3. Some people don't want to associate themselves with a medium that was/is linked to drugs
4. Its unregulated, which might make the risk high
5. Others think bitcoin isn't real
1. Fear of the unknown
2. Some people out there see it as a pyramid scheme to stay clear of
3. Some people don't want to associate themselves with a medium that was/is linked to drugs
4. Its unregulated, which might make the risk high
5. Others think bitcoin isn't real
2. Some people out there see it as a pyramid scheme to stay clear of
3. Some people don't want to associate themselves with a medium that was/is linked to drugs
4. Its unregulated, which might make the risk high
5. Others think bitcoin isn't real
Many people are scared of jumping into what they don't understand. Many are not informed about bitcoin and how it works. Some people needs someone to emphasize to their understanding what bitcoin is all about. Few persons actually thinks bitcoin is a scam. But truthfully, bitcoin is safe. Is not what one will be afraid of getting involved, also very secure. They just need enough information.
I think they say Bitcoin is a dangerous game because they don't know how to hold it. No one has held Bitcoin before 2020 to complain about losses if they don't sell their Bitcoins. So don't try to trade Bitcoin to make a profit, keep it for as long as possible.
We are ordinary people as well, we just learned about decentralization is more important than having wealth and assets that can be seized by authorities and fiat is just one of it.
If they don't know about Bitcoin then they should be afraid of it. There are scams in bitcoin and if you know nothing about the scams and Ponzi surrounding BTC, you'd be the next victim. But once you learn it, there is nothing to be afraid of. You won't even think it's volatile when you learn that its market is like ROM.
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