Topic: Why do ordinary people feel afraid of Bitcoin? - page 9. (Read 3653 times)

They feel afraid of investing Bitcoin because of their concern that they will lose their money due to their lack of knowledge of Bitcoin, in addition to the fact that Bitcoin is not tangible by hand, this is what makes it a strange investment for them, But I am sure that if they study Bitcoin well, all their worries will be gone.

They feel afraid of investing Bitcoin because of their concern that they will lose their money due to their lack of knowledge of Bitcoin, in addition to the fact that Bitcoin is not tangible by hand, this is what makes it a strange investment for them, But I am sure that if they study Bitcoin well, all their worries will be gone.

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.

Maybe ordinary people were afraid of Bitcoin some years ago, but now there are more and more people are interested in 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.

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.

I think that many people are afraid of bitcoins, only because they have never encountered them, because almost all people sit in their comfort zone and do not want to open up to something new ... Bitcoin is of course something intangible and it is a digital asset, in order to believe in him, you need to get at least some benefit from him ...

that's the importance of having broad insight and not getting stuck in a comfort zone. I often talk to friends - who I know from the crypto community-, most of whom can be involved here because of the desire to earn money online, so they start searching on google to get to know bitcoin and altcoin, learn about it, then adapt to their abilities each.
that's where I really know the meaning of knowledge is power.

so for people who are still doubtful and afraid of this ecosystem, they just don't know this very well. and don't be afraid to try, loss is a natural thing, make it a lesson.

It's just that bad news spreads much better than good news Despite everything, bitcoin has still not become a familiar investment asset and the media often does not add credibility with its negative materials. Therefore, even if professional investors do not have a consensus on this issue, it is difficult to expect a strong level of trust from ordinary people. And distrust and a poor level of information ownership give rise to fears.

But how many of them are willing to know more about bitcoin?
I think unless they step up and do their own due diligence on bitcoin rather than relying on media that’s a control freak.
Until that happens people won’t be able to find what’s good for them.

But how many of them are willing to know more about bitcoin?
I think unless they step up and do their own due diligence on bitcoin rather than relying on media that’s a control freak.
Until that happens people won’t be able to find what’s good for them.

You can't blame the ordinary people, when they hear about scams related to cryptocurrency all the time. On top of that, the volatility within the cryptocurrency sector is much higher when compared to other investment assets such as equity or stocks. A lot of potential investors are scared of what happened in 2015 and 2018, when the prices crashed by 80% to 85% in a short period of time. On top of that, the legal status of cryptocurrency is not yet clear in a lot of the countries (including India and China).

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.