Many people Doubted crypto before Now, Why?

[sampoerna]

there are people who can accept crypto and those who can't, it all depends on each other's trust in crypto. some countries that prohibit crypto certainly have their own reasons why crypto is banned in their country and we can't argue with it. for me, crypto has served me well in terms of the economy, but not necessarily other people feel the same way. that's what makes some people afraid to join the crypto world because there are a lot of news and failure stories out there and their lack of knowledge about the crypto world. but still, as long as we can use crypto well then it will really help us.

[jhm]

Control, seems to be the obvious one. Considering if your country has a weak economy, and you've got this thing called crypto coming to give the people a swiss bank account in their pocket, that does make it difficult to control taxes. Its cancer

[Doctor]

that's what makes some people afraid to join the crypto world because there are a lot of news and failure stories out there and their lack of knowledge about the crypto world. but still, as long as we can use crypto well then it will really help us.

Yes I agree, many negative issue and failure stores that make people afraid or doubt to join crypto before.
But,  for now, crypto currency is more popular, and so many people  already bought crypto currency and invested on it.

[TOP_ETH]

In my own country, many people still don't know what crypto is because not all of them hold gadgets or smartphones and the country has not fully legalized crypto as a transaction tool, the reason is that I also don't know, maybe there is still a debate.

[gurunanakji777]

The adoption of cryptos was quite less before but now we can see the crypto growth rate increases even we can say many big personalities start talking about cryptos and even holding it that's the reason cryptos gaining trust in the common man's mind. Some countries restricted also that's right because they are afraid that crypto can destroy their banking system or it can be used in illegal works so they are restricting it but this is not the right solution I feel bad people will find a way to use it. I believe such things can be managed if the laws implement strictly.

[Alcor]

Of course, people used to have doubts about cryptocurrency, as it is a completely new type of financial asset that was not supported by governments. And many people were afraid to invest their real money in a digital value, which is not provided by anything and it is not known what group of people is behind them. Only over time, when states, their governments and various financial institutions, as well as politicians, began to speak positively about cryptocurrency, and then laws regulating their circulation appeared, this increased confidence in it. Without the approval of the cryptocurrency by the state system of power, the cryptocurrency would develop very slowly.

[naitik01]

People had doubts on crypto earlier because they did not know fully about crypto. In today's era, crypto has been promoted all over the world and people are accepting crypto.

[Ghozrd]

Why do you think some countries still restricting Cryptocurrency transactions?

Each country has a registered viat currency as a legal transaction tool of a country, when the currency is increasingly needed it will add value from the exchange to other fiat currencies, this right is almost the same as crypto, but crypto is very volatile.
The use of crypto is prohibited as a payment transaction because it will have an impact on fiat currency exchange rates, the less use of fiat currency, the value will decrease, this is the prohibition factor

[Zezari]

A lot of people still don't understand how it works where to buy where to sell and how to replenish their card if these factors were combined into one cryptocurrency. The cryptocurrency is just beginning its development and another generation will fully use it.

[KaliLinux]

It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?

I believe by now we all understand what cryptocurrencies mean and stand for, financial freedom mostly and this is the same thing that Government can use to control its citizens, Being able to regulate the financial system is a function of the government and with crypto, people can almost move and spend their money without Government influence, hence some restrictions from some Government around the world. They want to continue to have that control on the citizen.

[Probal Deep Moran]

While the global gaming industry continues to grow across all markets, it remains structured in a way that primarily benefits game developers and perpetuates a one-directional flow of value where players spend money to unlock access to in-game assets and gameplay configurations. In contrast, blockchain-built games and decentralized applications (dApps) enable players to capture the utility and value of in-game purchases and asset acquisitions more effectively.

[gunhell16]

there are people who can accept crypto and those who can't, it all depends on each other's trust in crypto. some countries that prohibit crypto certainly have their own reasons why crypto is banned in their country and we can't argue with it. for me, crypto has served me well in terms of the economy, but not necessarily other people feel the same way. that's what makes some people afraid to join the crypto world because there are a lot of news and failure stories out there and their lack of knowledge about the crypto world. but still, as long as we can use crypto well then it will really help us.

It will help us if the country you are in is open to cryptocurrency or blockchain technology, but if it is not open in your country, it will be a hassle for you for sure. It is an advantage for our crypto users if our country recognizes cryptocurrency.

Then let's admit to ourselves that cryptocurrency is also high risk because scammers often use it to cheat people who want to invest in crypto, so extra caution is needed here, dude.

[Jaephoenix]

It's what crypto is: giving financial freedom and removing governmental and institutional restrictions, which has been hampering people from transactions they would have undergone. And there are options now

[therozaq]

Yeah , at the beginning of bitcoin launched , people doubted crypto.
We knew bitcoin price is too low when launched.
But for now bitcoin is very expensive

[rizqillah]

It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?

maybe they didn't have good knowledge about crypto, block chain technology.
But for now, many investors already invested and hold their coins during bearish, because they believe bitcoin will grow again and more expensive.