Uneducated on subject. Listen to MSM. – MSM ain’t the way to go. It’s like being baby fed.
People afraid of what they do not know and unfortunately there is no free public materials to educate people about ctyptocurrencies and how any body can participate in this monetary future . - There certainly is a lack in educational resources in the space.
i would not say they are against crypto.. but most of them are not aware of crypto. most have only heard of Bitcoin only.. they do not understand blockchain possibilities at all.. – I understand. Onus is on us to bring them over to our side.
actually some friends got me involved. most of my friends r open to it. day before yesterday i asked u to explain what the catalyst was for the btc bull run. i enjoyed your answer . there have been several bull runs could you explain what triggered each one and give us a history lesson? i have researched this question alot and have no definitive answers. i think we all want to know the true history thanks – May I know which bull run(s) you’re referring to? Glad you liked my answer!
Here in Brazil, a country of 210 million people, as in others both large and small, the role of the government and it's enrolled media friends plays a major part in public opinion. To the largely uninformed and misinformed masses, King Crypto has been easily condemned for its ties to organized crime and Ponzi schemes. Lack of government iniciative and regulation has led my friends to disdain the idea of crypto and thereby blockchain...which is very sad. If I tell you that 34% of local Stock Market volume is in Banks alone, who legally lend out money at exorbitant rates of 8% a month to people, while to big companies applies the official interest rate of 4.5% a year....you can see which side of the bread is buttered in the Third World; and exposure to crypto and blockchain thereby, and most sadly, severely hampered. -
As of now they do not understand the basics and concepts of how crypto will revolutionize the world in the future. Most of them think crypto space is another ponzi scheme. – I can’t blame them. There are many scams in the space.
I try to shill crypto to my family, friends and colleagues. But only 2 of my colleagues bought crypto and 1 of them believes in it 100%. Most of them don't believe in it and think it will die. But if you are in this space you know the cryptomarket needs laws, custody etc. I think when the FOMO start they will jump in and I will sell my crypto. And then I tell them: I told you so.... - Hahaha the in your face moment.
All of them, I'm over 70 – Wow mad respect! Would love to hear your perspective on crypto as a whole.
Reasons vary, from people who bought the high in 2017 and sold the low 2018, to people fearful because of that, to {my personal favorite} I can't trust anything that increased 9000000% in a decade. I try and educate them, some saw light, some skeptical. I use it as a store of value. Also, happened earlier today, a mate of mine wants to put money in BTC to forget about until he finishes paying house, saw something about Faketoshi and his "real bitcoin', and he out. (On a deeper level, I think people apart of crypto call other projects scams also hurting new people from joining, been saying it for a while, but sadly crypto community acting like own worst enemy sometimes); - Agreeed.
I started investing mid 2017 and told all my friends and family to do the same. Throughout late 2017 / early 2018 my portfolio was going up by £2,000.00 per day. Everyone said they had left it too late and no one entered. Now fast forward 3 years and everyone is laughing at me as I am many £1,000.00's down and no matter how much I try to tell them this is going to go back up they just wont have it. In their defence though I have lost count on how many times I have called the bottom of this market and the bloody thing has just continued to go even lower. – Hahaha, all I can say is have faith.