Despite Bitcoin just complete amazing year 2017! Start from January 1000$ and will finish close to 10K! a lot of people still don't trust digital cryprocurrency, it may be because there was bad press all over internet most come from JP Morgan and other Banks about Bitcoin.
Price fluctuation is another reason new investors are afraid to lose their money. BTC was always very fragile and easy to manipulate price with FUD or bad news - look on China.
Little knowledge and experience about cryptocurrency, first steps without some friend helping you may be difficult.
Topic: Why people fear about BITCOIN - page 9. (Read 2161 times)
There is just too much negativity around people when it comes to the word "invest".
They already think it will need a lot of money or it will be 50-50 percent chance that you will profit or not.
In short, they think they could lose all their money or win at a higher amount.
If that could be changed then it will be easy to invite people to use bitcoin.
They already think it will need a lot of money or it will be 50-50 percent chance that you will profit or not.
In short, they think they could lose all their money or win at a higher amount.
If that could be changed then it will be easy to invite people to use bitcoin.
You're right. That is exactly what people's mindsets commonly are when it comes to investments. And the reaction of everyone varies despite havong the same mindsets. Simply because some loves the thrill of gambling even when they say that investing in bitcoin is different from gambling, there's no denying that it is still a gamble. While some hate the thought of uncertainty. But all in all, these mindsets change slowly with knowledge.
because bitcoin is not visible. most people are still accustomed to trusting the looks. besides, not everyone can accept a decentralized decentralized system. so many consider it a scam.
Mostly people fear of Bitcoin price, right now it is near 8000$ which some experts see as a bull trap and by some logic expect price to decline. Another possible threat to btc can be presence of new coins which are more elaborated, have better technology (e.g. quicker transactions/ bigger safety, etc...)
because for many people bitcoin is a completely new thing in their life, they are scared because they do not know what bitcoin is and how it works. if they are really familiar with bitcoin they may be very interested in it and will be addicted to bitcoin like me 
Actually those people have not much knowledge about bitcoins they are thinking that as the bitcoins is a decentralized so thy will lose their investment and some one will hack their account and stuff like that but soon they will realize its importance and they will be no longer afraid of such money.
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I think that they fear about bitcoin because there are so many gambling site and there are so many people that get scammed by other people so I think that they also think that this bitcoin is a gambling. Even if they know all the information they will not get convince because they think their own safety and that is only my opinion please correct me if I'm wrong.
The fear people are having in bitcoin is in its price. The up and down fluctuation in its price is a huge trouble, that if you are not into crypto for long, to understand how it's things are done you won't stay long in it, so as to avoid heavy losses.
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I think what people fear is volatility of Bitcoin. We have seen its value fluctuate in the last couple of weeks in significant amounts. But keep in mind that Bitcoin has gone a long way from the moment it was introduced. So it is really just a matter of taking risks and believing in bitcoin.
Because it goes up too quickly and without good reason. Not to mention the dematerialize side
For this is a term that no one knows before and the governments do not like it so they would not support it.
People do not fear bitcoin they fear the fact that if they invest in it they will lose everything but i would say start learning a little bit about bitcoin before investing because maybe you can download a scam a wallet and lose everything you have in it.
But more than that, people are unable to understand the working of Bitcoin and a greater reason among all is the unclear intentions of government against Bitcoin sue to which people still don't consider it as an investment commodity. Also, there are many anti myths against Bitcoin in the market which also degrades it value further. Only with proper knowledge of Bitcoin such fear can be removed.
There is just too much negativity around people when it comes to the word "invest".
They already think it will need a lot of money or it will be 50-50 percent chance that you will profit or not.
In short, they think they could lose all their money or win at a higher amount.
If that could be changed then it will be easy to invite people to use bitcoin.
They already think it will need a lot of money or it will be 50-50 percent chance that you will profit or not.
In short, they think they could lose all their money or win at a higher amount.
If that could be changed then it will be easy to invite people to use bitcoin.
BTCBTCBTCBTCBTCBTCBTC
Here in Philippines many of us are knew about bitcoin because of its popularity. BUT does not mean that all of us too are agree about the essential of bitcoin. Some people are wandering about the power of bitcoin and the money that we get from it. They that it was a scam that trying to get all our personal information after we sign up on any kind of sites so that they could have fear on bitcoin..
Because, bitcoin is still facing questions surrounding its legitimacy and security. As investors and adopters fear a major government taking decisive action against the currency, any signs that government figures are considering regulation can impact its price.
Its one of the reasons but i would say the main thing why do people is afraid because of its volatile price and they cant able to use it on offline shops just like what we are doing on our local fiats.There are lots actually which as you said security and legitimacy is still on question. This is why for those people who do decide to risk into bitcoin have experienced rewards because of the earning opportunity do it had. We should not really fear on investing on bitcoin because it does really have the potential but we must be sure on investing the amounts that we can afford to lose up.
People do not fear bitcoin they fear the fact that if they invest in it they will lose everything but i would say start learning a little bit about bitcoin before investing because maybe you can download a scam a wallet and lose everything you have in it.
People are afraid of bitcoins, because they do not have enough knowledge about them. They receive all information about crypto-currencies from false media and TV. Therefore, they are bad for crypto-currencies, seeing in this big risks.
Because the people just believe to something real, they are assume bitcoin is too risky to become Investment and they are prefer to Investment their money to something real like real estate and many more.. eventhough bitcoin have a high price, that's didn't make them interested about bitcoin..
Because, bitcoin is still facing questions surrounding its legitimacy and security. As investors and adopters fear a major government taking decisive action against the currency, any signs that government figures are considering regulation can impact its price.
people have fear about issues connected to bitcoin , like volatility , lack of regulation and adoption . Our government is not very supportive of bitcoin and other cryptocurrencies because it can not be control by them
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