Even though the price of bitcoin goes higher and higher it is still unpredictable and there is a chance that the value can drop even lower this maybe the reason why people fear bitcoin like what other thinks it's like a bubble that may be gone in an instant. I guess if bitcoin become stable people will start to believe in bitcoin and forget about their doubt. The demand of bitcoin grows very fast as well as the number of people who believe in bitcoin also grows
Topic: Why people fear about BITCOIN - page 12. (Read 2158 times)
because bitcoin transactions are like anonymous although they can be trace, but people are afraid of that,
and banking companies do not like it
all already know the transaction is very safe
and banking companies do not like it
all already know the transaction is very safe
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maybe because goverment not made legal yet and goverment made statement bitcoin is bad.. and people believe of goverment that bitcoin is bad and fear to use italtough bitcoin is good thing and useless if people not learn bitcoin, people will be fear and not know its so good thing
People feel it is not safe invest in online currencies. Bitcoin price is also very volatile, some people don't understand the blockchain technology. People fear about security and safety of using wallets.
I'm not afraid, but it's true that many people are afraid of bitcoin, but I think it's a layman who has not understood bitcoin not even know about the internet too, and many people think that bitcoin is like gambling, hyip, bitcoin as a fraud without them researching more about bitcoin.
People don't fear Bitcoin. The establishment fears it. banks fear it. Governments fear it.
They fear it because Bitcoin removes power from their hands and gives it back to the people.
They fear it because Bitcoin removes power from their hands and gives it back to the people.
People fear about bitcoin because they think that it is attached with internet so when the internet is turned off then there will be no use of bitcoin remains. For this reason the digital currency is not that much trusted but anyhow for high returns there is a risk involved so it is good to have bitcoin.
Hmm because some people fear in online investing because they always think they will be get scammed plus they didnt believe in bitcoin they didnt know much about bitcoin
because bitcoin is a new technology that is different from anything we have known so far.
because it is decentralized and nobody controls it.
because the price is volatile and that makes buying it risky.
because it has a lot of enemies including but not limited to banks that attack it by spreading lots of false information that creates panic.
because most people are too lazy to do some research and see what bitcoin really is and prefer to continue using the old familiar things instead.
because it is decentralized and nobody controls it.
because the price is volatile and that makes buying it risky.
because it has a lot of enemies including but not limited to banks that attack it by spreading lots of false information that creates panic.
because most people are too lazy to do some research and see what bitcoin really is and prefer to continue using the old familiar things instead.
Despite all of its economical advantages, it still definitely has alot of downsides due to cryptocurrencies being in a very very early stage of development. There's going to be alot more "political" conflicts and there's going to definitely be alot more factions in the future due to possibly alot more disagreements on various issues and solutions.
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