Why are most people afraid of Bitcoin?

[Icon]

People are afraid of bitcoin because of the numerous false information being spread my the media and banks

[idranus]

I think it is because of their lack of understanding about bitcoin and bad news about bitcoin

[Gayus]

Most people always believe bad news bitcoin without understanding it

[zlejgirl36]

Other people afraid of bitcoin its because they didnt know the startegic and the procedures of this bitcoin. many people say that its a Big scam.. bcoz they are ignorant and they are afraid to joined even to try it so that they can experience the good sales of bitcoin.. but we cannot force them to joined... they have thier own right to joined or not...

[Chrisjay29]

People afraid of bitcoin because maybe they heard bitcoin scam. Wr cant blame on them because in our country there are lot of people who arrested because they scam using bitcoin

[zlejgirl36]

People who afraid in bitcoin try to call it fraud or scam, because then they will no longer need to discuss the merits and demerits of the crypto currency. They are sure that bitcoin will remain afloat only as long as enough people buy the fiction that bitcoin is of real value. Such people do not understand the essence of bitcoin and do not seek to know it, so it's easier for them to condemn crypto-currencies.

[X-master]

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.

Not just that, also hearing the stories of other people who invested in it and until now they still didn't recieved the lost from from it is another reason.

[AnneAbas]

Most people afraid of bitcoin or crypto currency because they don't want to accept the fact that it really exist, they all know that it's a scam a fraud or something they don't let the bitcoin come into thier lives or even trying it.Those are the people who are lack of knowledge and who easily believes on things without knowing.

[hype]

it because they think bitcoin is a scam for that reason they do not know what bitcoin is, and also about the fake news from the media and from the other people that the bitcoin is a scam because of that they have lost an interest to find out what is the truth about bitcoin.

[dominoes]

Normally when the person always hear news that against bitcoin's good characteristics than positive news about bitcoin fear will be the next of their struggles that seems impossible to overcome because of advance thinking scam and lose. Their destiny to take the risk are forgotten by their own will to embrace crypto.

[altcoingamer]

I think in general most peopple are afraid because of people fudding on being too late to the party or just believe everything their neighbors and banks say.  Its ridiculous to think this is going away or going to zero... with all the rumors of buying on the OTC markets sentiment will change.. but theyll buy at all time highs, then bitch about it forever

[WolfwOod]

They are afraid because the bitcoin is not regulated. Bitcoins operates without any regulations. This means that there is no central regulatory body that oversees the Bitcoin operations making most investors afraid to invest in the network.

[CryptoToxic]

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.

People have their own reason to afraid bitcoin or love Bitcoin. People afraid something which they cannot understand and bitcoin is quite complicated to understand. Some time Bitcoin is used by many anti social people for kidnapping, murdering child pronography etc by using Bitcoin uninterrupted money transaction facility. And this one of the reasons why people dislike it. Bitcoin is a highly volatile currency due to this many people losses their money while investing in it. It is not a legal currency  so this one of the reasons people doesn't trust on it and start dislike it

[Jun]

the bible says may people perish because of lack of knowledge they can'n understant bitcoin majority are panicking  scared to
 try  this is something new  and sovial media feed nigative thoughts

[racham02]

most people fear of bitcoin because they lack knowledge about crypto, and they do not know the benefits of crypto in our lives, and some people think they are online scammed they do not know that bitcoin has many opportunities, some people who believe in speculation in media and social media.