Why some people don't like cryptocurrency?

[ShadowCrypto]

Why some people don't like cryptocurrency?
What are their thoughts and assumptions based on?
So, do you think there are many people that don't like crypto?

[IfItAintShit_ItAintLit]

Most people do not know about economics at all so they just think crypto is a scam

banks and governments dont like crytpo because it is bad for their busines model

[Aulore]

Why do you think they think so ? I assume it's cause of such matter with them anyway. Most of the time crypto really doesn't backed by real services or something like that anyway. I do not see how that should stop somebody but it seems it is.

[Sajinn]

We still not sure what so big spread of crypto will bring us,I bet that many many people are really simply afraid of all that and that whole idea describe them fully and completely. See my point with that ? How we can trust somebody with such model ?

[ShadowCrypto]

The blockchain is the key for that, but they don't understand it.

[Leonardo]

Why some people don't like cryptocurrency?

There are so many reasons for being liked or disliked anything. First, cryptocurrency is difficult to understand for a lot of people. When they don't understand, they ignore or at least keep a neutral attitude toward it. Second, there were a huge number of scams relating to cryptocurrency and thus, there's a misconception that bitcoin (or even cryptocurrency) is a form of Ponzi scheme. Last but not least, some people understand crypto, but they don't believe it can replace fiat money. That's why they don't waste time investigating it.

[mlawson71]

There is a lot of fearmongering against cryptocurrencies, that is definitely a factor, I think.

[beginnertrader]

According to me, people generally fear what they don’t understand and i think people still don’t get the concept of cryptocurrency.

[linuxfan884]

People are afraid of what they cannot understand. (с)

[Nerglio]

People are divided into two types: those that do not trust cryptocurrencies and those that have high expectations. The disappointment in cryptocurrencies comes because these hopes are not justified initially, but this does not mean that cryptocurrency is bad.

[tasyad12]

maybe because of the high risk if investing in cryptocurrency and also whether it is legal or not. maybe they invested something else

[mlawson71]

Or don't know how to invest in cryptos and it seems too complicated to learn.

[mlawson71]

That is true, unfortunately. Learning about cryptocurrency from scratch can be a daunting tax.

[Bobcrypto]

As a matter of necessity, everyone may not like crypto, main while, live is a choices. However, there are some people who don't like crypto because it is volitile, while many don't have any knowledge about crypto.