Topic: Why people fear about BITCOIN - page 4. (Read 2158 times)
It is simply a taboo, we are used to walk safe for what we already know, but in a few years it will be a business without fear of making a mistake among the most valuable ones.
some people are afraid of bitcoin because the price is very volatile and can not be predicted, there are also some people who are afraid of bitcoin because its function is in the wrong function as a means of payment for illegal things. but it all depends on how each person responds
That can be good reason for fear. From one perspective is someone invested 100K in USD at this moment and in next day bitcoin collapse that is big loss.
Also this can be very good with some other type, meaning that many dont invest directly to bitcoin they put money in some other coins that are no so unpredictable as bitcoin is or they try to invest in some ICO in hope of gaining BTC later in exchange.
because some people are not ready with the development of digital payment technology.
They are not also confident about bitcoin, as a digital currency they are solely thinking that the main purpose of it is for criminal use only. They are not taking time to study what bitcoin ready is.In addition, bitcoin does not have an independent agency that handles all kinds of complaints, because bitcoin is decentralized. so some people are afraid of the risk of fraud
In everything that is not backed up by the government, most of the citizens aren't welcoming it. They will not take part of it as long as they are told by the government.
They are afraid because they do not understand what bitcoin is and what is the advantage of holding bitcoin. If only they dared to try new things like bitcoin, they would find a way to success.
BTCBTCBTCBTCBTCBTCBTC 
I think scamming is the major fear of people about bitcoin. because in the social media world there's a lot of cases where in they we're scammed and do not believe anymore what people talks about bitcoin but if you have a prior knowledge about technologies and online things you know if it is the thing you entered was legit or not for example bitcoin if you know it you will not see as scam. 
some people are afraid of bitcoin because the price is very volatile and can not be predicted, there are also some people who are afraid of bitcoin because its function is in the wrong function as a means of payment for illegal things. but it all depends on how each person responds
because some people are not ready with the development of digital payment technology. In addition, bitcoin does not have an independent agency that handles all kinds of complaints, because bitcoin is decentralized. so some people are afraid of the risk of fraud
People is afraid of BTC cause it might be scam or jus a waste of time but it is not really true.
It is because the technology itself, they fear that they can't understand how bitcoin works, or maybe they're afraid of scam. Other people think bitcoin is a big scam, but they don't know other people use bitcoin in a way to scam others.
People fear what they don’t understand, bitcoin is just like that, it is a new idea and people are still skeptical with putting money in the internet and on top of hacking incidents of many internet sites and accounts. I think the best solution is information dessimination to the public what bitcoin can offer.
BTCBTCBTCBTCBTCBTCBTC
I don't think that people fear bitcoin itself, what they really fear is trying and ending up failing. They are really cautious when it comes to these matters especially because it is kind of new to their ears. Also, the fact that in their past experiences something like that must have happened therefore making it risky for them.
BTCBTCBTCBTCBTCBTCBTC
Some people have fear on bitcoin because it is new, It is really hard to understand at first. We need to read and research on it for us to understand if it is secure or it is trustworthy. Some people don’t know it so that they fear it. They are only lack of knowledge about that.Or they have fear on it because they are scared that they will lose their money when they are going to invest on it.
Because bitcoin is a cryptocurrency even though it is accepted by more and more people, it still can be listed as fiat coin. What is more, may countries have announced bitcoin is not fiat currency. But what make the holders happy is that the price goes higher and higher, this can added to their value. 
it seems you do not know what fiat is? How can Bitcoin be a fiat coin? Fiat is when a currency has intrinsic value that is
established by the government as money. Government can control that value, they basically use there power to give it a value.
also Fiat in latin means "Let it be done" in case you did not know that.
People are seeing fiat currencies since generations so they are used to it. Bitcoin is a digital cryptocurrency, it lies only in mobile wallet. No one can see or feel it. That may be one of the reason people are afraid of it. Traditional currencies are backed by government or by central authority, bitcoin is an autonomous currency backed by no one. Traditional currencies are easy to exchange needs no infrastructure like mobile wallets. Traditional currencies are relatively stable, bitcoin is the most volatile currency so many investors or traders stay away from it.
I think some people fear about bitcoin because they are victim in scam, they are fear to happen that again to them. But if they enlighten their mind and know more about bitcoin maybe the fear that they felt will change of trust because there are many story of successful bitcoiner as they can read many thread here.
Some fears for the bitcoin are baseless, others may true but it will not harm the economy or any governments because it is just a virtual currency that serves as an alternative money. Some government fears are real especially when it comes to controlling the bitcoin because it is decentralized and later will replaced the fiat.
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.
Exactly, International politics always dominate on the economic field. Although the cryptocurrency is getting accepted day by day, but people are not getting involved at this rate because of the fear of its existence. Some countries are considering it as a future currency and some other countries are not taking this platform seriously. So that people also divided into two parts. But I believe that every investment platform more or less risky, So without risk, no one can gain a profit.
BTCBTCBTCBTCBTCBTCBTC
For me they not sure about the capability of bitcoin has so that they fear to use or trust bitcoin. Actually every people has a question about bitcoin like where it or the budget came from they think that this is a illegal because bitcoin is not legal in our country thats why they not have fear on it.
I do think that we are controlled by the traditional infrastructure where someone else controls our wealth for us and since Bitcoin is coming up with a disruptive model of holding the extreme control with us, it might sound difficult for those who hear such concept for the first time. Since decentralisation is the future, people are willing to try it yet they don't have the confidence to handle this and chaotic environment making it little more difficult for them in order to get started.
Bitcoin is like a bubble, it can take you down to the ground or you can fly to the clouds at any time 
No one really knows, and bitcoin is unpredictable maybe this is the reason why people are scared to invest, but for me you really have to take risk for you to make good money. Bitcoin proves itself that he is worth buying for, and I believe on this.
Jump to: