The more various opinions I hear about Cryptocurrency, the more I realize that there is a new kind of phobic hysteria, which appears literally about everything related to Cryptocurrency, e.g. mining, trading, ICOs or lending.
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
yeah I feel it too what you called crypto-phobia, from people around me. It spreads around really fast indeed, as bitcoin gains more popularity, the phobia grows faster too.
The thing is, there are lot of reasons that can make this phobia grows inside a person, such as :
1. Bitcoin is a new technology. People always skeptical to a new technology,even after they learn about it.
2. Bitcoin doesnt has a physical form. People will feel more secure about their investment if they have the physical form of their investment, of physical form of statement that they had the investment.
3. The price is going up and down too fast, volatile.
4. Bad past experience about making money online. I do have this kind of experience and it made me hesitate to buy bitcoin at lower price, and now im regretting it.