Why are people still skeptical about Bitcoin despite the huge profit?

[Domithra]

Bitcoin offers great earnings if only you are knowledgeable in its concept and the crypto market. Most people are still skeptical about Bitcoin because the are carried away by the fake news and panic caused by the media and governments respectively. It is necessary to intensify the awareness creation in order to erase the erroneous thoughts from the minds of the people.

[Icon]

There is a saying which goes like this " knowledge is power" you will only get carried away by these news if you do not really understand bitcoin well

[SuccessManiac]

If you do not have knowledge about something and you do not research for yourself, it is easy to get swayed away by what people say. Bitcoin can give a lot of money if only you are ready to learn about it.

[trofim21]

just so far, many people still do not understand how it works in a couple of years, everyone will understand something and start to be more serious

[Judybrown]

Even though people make a lot of profit from Bitcoins, others to get scammed when they invest in Bitcoins. This is the reason why people are scared about investing in Bitcoins.

[iromeare]

 Bitcoin skeptics have predicted the death of the world's first blockchain ... “Seven Lies Bitcoin Fans Tell Themselves (And Anyone Else Who Will Listen) ... fork of Bitcoin or GPUs are still useful for mining bitcoin, so-called “experts” are ... and the bitcoin price continued to rise despite historically high on-chain

[Alcor]

Big profit bitcoin is temporary. Previously, people believed that it would be permanent and great. Practically the first serious insight was after December last year. We still see the results of this. What will be in the future - we'll see. Although one thing is now clear: its primary use as a speculative means of accumulating value is a dead end in its development. Bitcoin can rise in price quite high, but it will quickly fall in price to the level of its depreciation due to its large volatility and negative information, which in the aggregate will cause panic among its holders. And this can happen again several times, until people stop investing so much in it.

[sugarchrisp]

There's lots of reasons.  People are afraid to do anything new, afraid to lose money, afraid to making bad decisions or to fail.   Many people also have already made up their minds that cryptocurrency is a scam or a ripoff or wont ever go anywhere or whatever, mostly due to the media filling their head with these lies.   People don't even understand how blockchain technology works, so it's easy to dismiss it as unreal.

[Eben]

Every individual has his own way of approaching things especially when investing. Although bitcoin can give you great profits, it’s risky and you  can equally lose of which people are not ready to take chances and hence skeptical about it. Also some people may not research about it themselves and are swayed by what people say.

[BenWhite]

I think those people just prefer other cryptocurriences and believe that less popular coins will provide more benefits.

[Contagem]

Strong volatility in Bitcoin can bring you a profit or loss. This is what stops many from investing in Bitcoin. Many remember that Bitcoin cost $20,000 and now it has fallen in price to $7,000. Nobody knows what will happen next, and various pseudo experts constantly say contradictory things, thereby introducing people into confusion and distrust of cryptocurrencies.

[Niteroy]

People are always skeptical about everything new and unknown. Many people still do not know much about Bitcoin and cryptocurrencies, and the media spreads negative information about Bitcoin and cryptocurrencies and tells that Bitcoin is a pyramid. All these factors form a negative attitude of people to cryptocurrencies.

[nrubnach]

Bitcoin offers great earnings if only you are knowledgeable in its concept and the crypto market. Most people are still skeptical about Bitcoin because the are carried away by the fake news and panic caused by the media and governments respectively. It is necessary to intensify the awareness creation in order to erase the erroneous thoughts from the minds of the people.

Fake news is the new trend today. We cannot easily depend on the media nowadays. Thus, we need to do further readings to validated facts. Alike with Bitcoin, people who are interested to know what Bitcoin and crypto really is. Then they should understand first the technology before concluding things

[dekafee79]

Bitcoin offers great earnings if only you are knowledgeable in its concept and the crypto market. Most people are still skeptical about Bitcoin because the are carried away by the fake news and panic caused by the media and governments respectively. It is necessary to intensify the awareness creation in order to erase the erroneous thoughts from the minds of the people.

I think  they dont have knowledge about bitcoin and maybe they have lost alot cause of bitcoin.

[de_prof]

Bitcoin offers great earnings if only you are knowledgeable in its concept and the crypto market. Most people are still skeptical about Bitcoin because the are carried away by the fake news and panic caused by the media and governments respectively. It is necessary to intensify the awareness creation in order to erase the erroneous thoughts from the minds of the people.

I think The people that skeptical about bitcoin , They dont know many advantages of bitcoin.