Topic: Why people are comfortable investing in government controlled investments - page 6. (Read 1582 times)

People conform, human beings are like sheep, they follow the crowd & do whatever carries low risk & might be deemed as normal. It’s why they invest in low interest, bank savings accounts, not many people have the balls to get up off their ass & do something constructive that makes money.

Nobody ever got rich by taking no risks. If you’re here now & own bitcoin you are still an early adopter. The early bird catches the worm

The problem is that while that is true now there is not any guarantee it is going to continue to be true in the future and when it is not then you are bound to take huge losses, people have memories that are too short but governments have failed to pay their obligations throughout history and yet somehow they always think this time it is different, in my opinion an investor that does not want to take care of his investments has no place being an investor and yet many lazy investors do exactly that when they invest in government investments and then they are surprised by their lack of results.

Talking about Bitcoin getting help after plummeting; how exactly were you expecting the government to give help to Bitcoin? That’s not even possible, Bitcoin is a decentralized currency and there is really no way you can do something in support of it, there is no organization that runs it that you can push money into as a support for Bitcoin.

But other centralized organizations can be supported because they are being controlled by just that one organization, which totally unlike what we have in Bitcoin, so there is a huge difference. And not being centralized is one of the fears of those that doesn’t want to invest in cryptocurrency, because they are afraid.

Just like what most people say, government regulated investments are most likely legit. Compare stock market with crypto currencies. How many developers and scammers did hit and run? How many coins/tokens turned into a scam compared to government regulated stocks?

People is comfortable because government controlled investment has all the forms of legalities, and people really believe that government controlled investment is really safe way of investment than investing to non government controlled investment. Maybe we need to invest in government controlled investment so that we can avoid scam.

The reason I see is that people have already been investing into government controlled investment that is why they are already certain that they can trust their money into this investment agencies or companies. We people have this mindset that once we have already tried getting into one thing for such a long time and have already seen good thing or result from it is we entrust everything on it and make use of it over and over again. Also, there are still certain countries that are still not adapting the usage of cryptocurrencies so there is no chance that people can do crypto investment even if they want to. People are still not being able to know about how cryptocurrency works and being used as well as they still do not know about cryptocurrency at all that is why many are still reliant and trusting government controlled investment since they have been into it for a long time since then which leads them to trust it more than any other investment.

because everyone has different standards. Some like risk, some don't. Some like challenges, some don't. So for those who choose investments that are tied to the government, have a sense of security because all problems can be overcome and will be justified. Another case with crypto, because it is decentralized, all security and losses are our responsibility. Both of these models have advantages and disadvantages, don't worry, choose the one that best suits your passion, manages it maximally.

the only advantage of crypto if not security is the anonimity and the hassel free application but in a govt related service no as it requires more process to apply for a single thing  and most especially your privacy and datas are exposed   .

 cant imagine why people are comfortable with it  . before i see many people worship crypto saying good stuffs with it  so i dont believe that majority are still into govt related investments   . you just need to be more vigilant on here on cryptos to make your self secure or your funds safe   .

People are comfortable because they mostly believe what the government has to say. Also, since the government are the ones enforcing the law, why would they not be comfortable with that thought? Risks regarding defaults and fraud would be minimized (in their heads, at the least) since how can anyone go against the government?

That is their line of thinking, and let it be. No one should force anyone to change ways just because one thinks the other is a better option. They believe that the government always got their back whatever happens.

The fact that most of the people are trusting the government is the reason why they are more comfortable in investing on the investments they manage.

The people believe that it will be more profitable if they put it there and lesser risk compare to other kind of investments. TBH, the interests of the investments that are holding by the government are far lower than it is when you are trading either crypto or stocks.

We don't need the support of the Governments since Bitcoin is decentralized and they will not benefit on it. Although there are some countries are supporting it or just remaining neutral on it, there are some who permanently banned it which is a bad thing. Bitcoin doesn't need the support of the government but it needs the support of us investors of it.

I agree with you. If the government is involved I certainly don't want to be. As you say just look at the banking system.

Don't be sad. Bitcoin is not weak. It doesn't need to be bailed out by the government and banks. No more bitcoin will be created unlike the infinite amount of banking notes they can just print out at anytime. If you want a share of bitcoin you join in on the mining and earn some or simply buy some. No hand downs around here that's for sure. Be proud to support bitcoin. There are many fiat currencies out there that only go down in value and never up. Have a look its scary.

Does BTC really need any support? It proved itself by coming out as pure gold, even better than Gold. BTC had nearly done 2x today itself since its low this year and can outperform many more stocks and assets in the near future. Just think that what will happen if Governments from all around the world start regulating BTC completely and the price of BTC is around 1 million? What if 100k BTC will get stolen from a big whale's address? 100,000 BTC * 1,000,000 = $100 billion loss. Will any Government be able to take a step forward and compensate the victims through their QE programs or any other sources? They just can print money against crypto losses, they won't do that ever.

Basically the government only wants the country to be safe. If the economy weakens then the country will be fragile, if there is a strong country that utilizes the situation by means of war then this is not a mild problem. The most important think is to safe our country first. When the WHO officially declared the spread of covid 19 a pandemic, the price of bitcoin drop aggresively, in line with stock market. This virus force human to do physical distancing which means there will be less interaction between us, while economic activity go on only because of human interaction, thats why investors prefer to save their money rather than invest. Actually in my opinion with this virus people will prefer bitcoin because this virus can spread through paper money. Most us still see bitcoin as invesment, this is not so good for bitcoin sustainability as currency. Bitcoin must be treated as currency, when most of keep the velocity of bitcoin in market then the price of bitcoin will be stronger. People looks like comfortable in government controlled investment rather than bitcoin because this virus epicentrum is in china where most of bitcoin users are there.

This pretty summarizes why people are still into banking even if some of them are already crypto users. Security is the key. Whatever happens to their account, someone will help them recover it. But in crypto, you are alone in the battle. When you lost it, it's totally gone. So you really can't expect people to totally convert them into crypto users. They will always allot their resources to their safe haven and I don't see anything wrong with that. We all want some security in this life.

They feel safe, Any mistake they can make they can correct it! That's the huge advantage of bank to cryptocurrency. Your card has been stolen? You can easily get that block and make sure your money is safe and even sometimes when you get scammed you can get your money back and you can make sure that the bad guys will get punished. Cryptocurrency is decentralized means your safety is in your own hands, 1 mistake you cannot go back and fix it. People trust government because they feel safe. That's it.

But, are they aware that government controlled banks are sometimes unorganized and polluted? The government authorized banks are ineffective when it comes to investing cryptocurrency. You will know the reality if you know how market flows, how can the economy manage their movement. Banks are not favorable about using crypto for investments such as bitcoin, some governments are really ignorant about the value of bitcoin in the economy. It is potentially a safe haven for the users, the only problem is how the government banks manipulate this asset in the economy.


The only thing valuable during this kind of Covid-19 crisis are fiat currency, because it is the most popular and people are used to spend money in fiat. Government doesn't support any cryptocurrency, not all, but some of the government are ignorant about this. Bitcoin can be used as a payment for online transactions and the authority is still ignoring the use and value of bitcoin in the economy. Also government is favorable about fiat because it is easy to be corrupted and steal as it doesn't need any exchanges or conversion. Hoping that during this pandemic, the cryptocurrency will become more noticeable compared to the fiat currency because they both have different function in the market and the society.

That's their decision, majority of us are not really risk takers so we can't blame them that their life will not change.
In crypto, this is considered as a risky type of investment, it might result to big loses but it could also change our lives if we got lucky here, we call ourselves real gamblers but it's alright because we are not only gambling based on pure luck only, we gamble in the future of crypto because we believe on its potential.

People are comfortable investing if the government can control the investment because they want to feel safe, and they don't want to see their money is gone or steal. When something worst happens, the government can handle the care, and if someone takes the funds, the government will give back the money to people. You can check on the banks, how many people will save their money in the banks, and they don't feel afraid about anything even if they need to pay the taxes to the government. So people can choose what type of investment they want while today, they have so many investment types that they can use to increase the number of their money.

if people feel comfortable with investing in the government, that is clear, because the current system is in favor of the government, even some of us think of doing that too. Well, that's because of the collateral that they can give, like in a bank. however, considering the large risks is still quite difficult for some people, so they choose to invest in the government.

Well, as I expected there are still so many people who invest in government controlled becausenof thinking that it is more secured compared to crypto investment websites, we cannot deny the fact that there are people who do not believe the benefits of having bitcoin or the use of bitcoin to them. Even me before I don't believe too much about bitcoin or any crypto investment websites because of being afraid to do so and I don't have enough knowledge about crypto that time but now, when I did some research about it, I found it so good and one of my friend invited me to try crypto world and he's not wrong that there are so many opportunities to make money in crypto world such as investing, hodling, trading, etc.