Why are most people afraid of Bitcoin?

[Converter]

Most people are really afraid of bitcoin because it involves money. But if you already invested in bitcoin, you will know that bitcoin is not risky. It depends only on how you use bitcoin.

[korkorjkk]

Most people are afraid of bitcoin because they lack information about how the coins work. They also have negative information from people about the coins

[silentcrypto]

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.

The current problem with bitcoin is that its price is very unpredictable. Today the price is high the tomorrow it’s down. Due to this people or investors are scared to invest because they cannot predict how the market will behave. Even with Bitcoin having been working well you cannot still term it stable that why they were afraid of it.

[Lezzkie22]

They afraid because they dont know what exactly what bitcoin is. Yes before bitcoin has a low value, but now it has high and indemand value. So many people who invest in it.

[Aljay7]

Some people afraid of bitcoin because they don't know what bitcoin about, some people afraid of bitcoin because of its unpredictable amount they are afraid to investigate and some funny people afraid of bitcoin because bitcoin can rule the world in the future.

[itoyitoy123]

some of people afraid of bitcoin because of the fake news that spread out of the people in the social media etc. thats why many people scared in investing and trying to know more about what crypto is.

[TERMINO]

Being afraid is one of the great weakness that never help you to succeed. People experience this feelings because of media influence in our society.

[CryptoJolly]

People tend to be afraid of everything they don't understand, instead of getting better knowledge of the subject they just listen to Media.

[kokoy020795]

Some people are afraid because they don't have the amount of knowledge to understand the thing.. some of them depends on what they hear to others.. because some says that this thing is a scam. Lack of knowledge can lead them to have the fear of giving a shot to explore this world and they lose the opportunity to earn.

[Aliados]

Your right. Besides we all know that people have in common that we don't really like and that is to lose someone or something that important to us. Once we lose our money we didn't feel happy or satisfied but we are concern for whatever we earn not easily.

[Slamet semen]

I also do not know, because I follow in altcoin also recently, if the market of bitcoin trade is declining, if I have never been afraid of bitcoin.

[pingky]

those who fear the bitcoin or world cryptocurrency, because they have yet to understand more clearly and in depth about what is bitcoin and crypto world. and one of them that make them all afraid because of the many negative news about the world of crypto.

[Yellowish]

I dont think so what is main reason why most people afraid of bitcoin but maybe its all about the negative issue of bitcoin and some people says that bitcoin is a scam so i think that is the reason why people scared investing its because of the negative issue. But being afraid will never help you to succeed.

[Stormyblue]

Many people relate their fear of Bitcoin to how anonymous the technology is. Some other such the people with  high profile thinks it will disrupt the system that they a have taken so long to build.

[Sherry_mae]

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.

Because many people doesnt know how it works and if its true. They are just afraid to invest they dont really know if they can gain profit from it or not.