Why are most people afraid of Bitcoin?

[Domithra]

Because most people are afraid of the unknown. Anyone afraid of Bitcoin or cryptocurrency does not have adequate knowledge in cryptocurrencies and perhaps have been feeding himself with the fake and bad news circulating about Bitcoin.

[donz123]

Because they didnt believe in bitcoin and many people said bitcoin is scam.

[Quantum X]

bad news and lack of understanding creates bad impression to someone to keep himself away from bitcoin, most of all is the volatility of btc. But to the one who are willing to take the risk has the chance to lose and to make big profit from it. Of course it depends on how knowledgeable about person is.

[Dynamite]

People are perish because of lack of knowledge. That is why they afraid of investing to bitcoin. Once they have knowledge about bitcoin probably they will rush to grab their first bitcoin.

[Master107]

Sometimes people afraid of things that uncertain. In fact people falls to the wrong way because of depending the whole part of truth to others without knowing what is really the matter. Fake news plus no knowledge will definitely disable the person.

[klebsiella]

I have read your comments and it's all true. Fear of the unknown or uncertainty. This is the result of lack of knowledge. Plus the negative feedback from the media connecting bitcoin to illegal transactions, drugs and kidnapping and also by referring it as "scam" makes people more scared of bitcoin.

[CryptoToxic]

i think most of people afraid in bitcoin because of the fake news spreading in the world thru social media that bitcoin is a scam thats why some people dont want to know about bitcoin and dont have interest and some are also afraid, afraid to know t have knowledge about bitcoin.

[wahyunyarobiyanto]

Because they can't understand how to use and how to earn money from Bitcoin.

[bxbxy]

Some people is afraid of bitcoin because they are scared to try something new and they are full of negative thoughts about bitcoin because of the fake news ad media. They are afraid of bitcoin because they dont have enough knowledge about bitcoin.

[wahyudi]

Many have written about virtual money and crime, which is enough to repeat the problem by revealing that the transaction is inaccessible. Drug trafficking, prostitution, terrorism, money laundering, tax evasion and other illegal and subversive activities all benefit from the function of money in ways that can not be traced.

[Markjay11]

Yes,most people are afriad bitcoin because there are people don't know what is bitcoin or some people doubt with bitcoin.But the most reason why afriad many people in different countries is the goverment saying that bitcoin is scam or illegal activities and they trust him because of unknowledge mind.

[RamaJoz]

Another thing is that many dont really understand how it works and many also fear internet based investment because of scammers and hackers

[Omega]

Fake news and unverified hypothesis can change the mindset of the person from pro to anti because they did not understand the whole point.

[Duavent21]

As for me why people afraid of bitcoin maybe the reason is the new, that bitcoin is a scam and not legit to invest.

[cryptonite]

Because of the negatives issues from the news about bitcoin, thats why most of the people afraid of bitcoin.