Are you saying those of us who have the courage to be part of this space are extraordinary people Grin
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.There are many ordinary people who have no idea about BTC they have never heard of it before and they have no knowledge of BTC if they had a little idea about BTC
Topic: Why do ordinary people feel afraid of Bitcoin? - page 8. (Read 3643 times)
they afraid of bitcoin because tey feel what government who is against cryptocurrency taught of crypto network, believe me from these point of mine, one of the major element while many people is afraid of crypto is because all their mindset is that bitcoin is a scam, that with the aid's of bitcoin people can be easily duped from online shopping or online transaction, and some lack a tangible information towards cryptocurrency in general, so is best known to people who is afraid of bitcoin while they decides to isolate crypto network.
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.
People are often afraid of the fact that Cryptocurrencies lacks fundamental regulatory guidance which poses a number of risks to bitcoin holders and also visibility is a problem in any financial setting, and that’s just one of the problems of blockchain-based cryptocurrencies like Bitcoin. The wave of skepticism and unjustified criticism of cryptocurrencies is passing. Now, more and more people are getting aware of the benefits of investing in crypto and using this innovative mean of payment for various needs. 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.
Among those who are middle aged and elderly, there is a thinking that most of the internet-related schemes are Ponzis. Unfortunately, their thinking is not entirely misplaced. Even in the cryptocurrency sector, we had a few multi-billion scams. I am talking about Ponzis such as Onecoin and PlusToken. The perpetrators of these scams are yet to be arrested and those who were victimized are yet to receive any sort of compensation for their losses.
People are sometimes afraid of to something especially when they do not know much about it. It is a normal reaction if they have no idea of what bitcoin is all about and never heard about crypto world. We must explain to them very well to give an idea of what bitcoin is so that they can lose their fear and to have an opportunity to invest and make profit.
It takes guts to invest in bitcoin or crypto in general. So if you're not ready to risk it, then you're not cut out for bitcoin. Besides, bitcoin is just one of the many coins in the crypto world.
Check out Netcoins.ca if you want to know more about the basics of Crypto and how to profit from your crypto investments.
Check out Netcoins.ca if you want to know more about the basics of Crypto and how to profit from your crypto investments.
We don’t think that such big companies like Amazon, Tesla, Visa will use crypto without thinking about the future. Obviously, they believe in BTC and a crypto world because they’re sure that soon more companies will accept cryptocurrency and more people will invest in it.
because they don't know about crypto and bitcoin yet. they are afraid because they do not understand about the function and workings of crypto. all new people who invest in crypto also initially have concerns, but over time they can understand and understand about crypto.
It is normal for people to feel less confident in a thing they have little or no idea about and most especially as it concerns finances as they do no see it as something that should be joked with. loads of people do not play with their money for any reason and again tey feel the volatility of the technology can consume their ersources.
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.
As far as I think all ordinary people are afraid of Bitcoin. Part of them are afraid to participate in this market because they have no knowledge and clear understanding of it. And the scary thing is that the value of Bitcoin is too large, the poor do not have enough money to spend investment. If unfortunately at risk, they will default and bankrupt. And we entered this world was a courage. 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.
Some people like guaranteed money. They like taking risks little and want to see their money physically. That's why bitcoin is scary for them. But over time, they will get used to and famous millionaires will turn to bitcoin.
That's late for them when they're looking to the bitcoin millionaires. It's just going to be a dream for them that they have invested in it when it's too early but they didn't like it because they didn't look at the technology that it has.And they'll understand that there's really no guaranteed money and will praise those holders who have been holding it even before when it's priced in little.
That's right, invest in bitcoin or cryptocurrency are very dangerous. It's natural that you hear that from anyone.
Yes, because Bitcoin and other cryptocurrencies are indeed very high volatility. Unlike most other stocks that look very stable.
We need to know that investing in it requires basic knowledge. Moreover, if you want to invest in bitcoin, you need to know it
and read a lot about bitcoin and cryptocurrency. Because if you lack knowledge about crypto, it will be dangerous.
Yes, because Bitcoin and other cryptocurrencies are indeed very high volatility. Unlike most other stocks that look very stable.
We need to know that investing in it requires basic knowledge. Moreover, if you want to invest in bitcoin, you need to know it
and read a lot about bitcoin and cryptocurrency. Because if you lack knowledge about crypto, it will be dangerous.
Some people like guaranteed money. They like taking risks little and want to see their money physically. That's why bitcoin is scary for them. But over time, they will get used to and famous millionaires will turn to bitcoin.
That is not a valid argument. A majority of the investors have no issues in pouring their funds in to equities and real estate, despite the high volatility involved in these sectors. And I don't think that Bitcoin is more volatile when compared to these (altcoins may be). I think the real issue lies with the unclear legal status and tax implications. Also for ordinary people, going through the KYC process required by various cryptocurrency exchanges can be a huge hassle.
Some people like guaranteed money. They like taking risks little and want to see their money physically. That's why bitcoin is scary for them. But over time, they will get used to and famous millionaires will turn to bitcoin.
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.
That's a bad impression and people have it on Bitcoin because they are not well informed on what and how Bitcoin works, they thought it's to technical when it's really not, another thing is so many Ponzi scheme are using Bitcoin and people have a bad impression of Bitcoin because of these Ponzi scheme, we should continue educating people on the importance of Bitcoin and Cryptocurrency in an evolving technology.
Most people who are afraid of Bitcoin lacks knowledge to what Bitcoin really is all about. They just assume it is something negative where in fact it is supposed to make their life easier. I know someone very close to me who resents Bitcoin, and when I ask him what was his reason for not liking Bitcoin; he just said it’s like gambling your money and he doesn’t like gambling. And he doesn’t want to use it if ever it’ll be legalize and all. But I did try to educate him about it, sad thing is that he refused to learn the basics and purpose of Bitcoin.
Many people do not know what exactly is bitcoin. They think it is some sort of ponzi scheme in which if they invest they will lose the money . People should get some knowledge about Bitcoin before assuming these things by themselves. I am so those people who have negative thinking about Bitcoin they do not have the right knowledge.
Most people who are afraid of Bitcoin lacks knowledge to what Bitcoin really is all about. They just assume it is something negative where in fact it is supposed to make their life easier. I know someone very close to me who resents Bitcoin, and when I ask him what was his reason for not liking Bitcoin; he just said it’s like gambling your money and he doesn’t like gambling. And he doesn’t want to use it if ever it’ll be legalize and all. But I did try to educate him about it, sad thing is that he refused to learn the basics and purpose of Bitcoin.
The most popular response is that most people are unaware of bitcoin, so why would he invest in something he doesn't understand? It's human nature to be wary of new things, but once it's discovered that many people have already profited from them, they'll join the hype.
I can't blame those persons who are trying to warn people but make it sure that you've made a lot of research on things such as bitcoin before warning others who already have knowledge on it.
I can't blame those persons who are trying to warn people but make it sure that you've made a lot of research on things such as bitcoin before warning others who already have knowledge on it.
Maybe ordinary people were afraid of Bitcoin some years ago, but now there are more and more people are interested in Bitcoin.
It's no doubt that the number of people that like bitcoin has increased. They're willing to invest in bitcoin because of very few reasons, they saw its price surge and had another ATH and that's why they've become interested in it.But if there's no incident that made bitcoin goes to another all time high, I don't think that the number of newly interested people will increase.
But up until now, a lot of people you will encounter don't know how to transact with crypto. So I believe, the reason why they are afraid or hesitant to touch crypto, is because they have no idea where to start with. But if you educate them and guide them step by step, more than likely, they will appreciate to transact with crypto. Sometimes ignorance is the reason why people are afraid of something. But once they uncovered the true nature of the subject, the uneasiness will disappear.
Because it’s not like gold, where the whole words needs it to make jewellery etc. The world really dosent need BTC apart from exchanges pairing it with alt coins to make profits. I had to transfer $50 to buy an alt coin and was charged $13 fee. So no tears will be shed when it comes crashing because it’s really useless
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