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?
In my country, a lots of people has rumors about bitcoin. Some said that it is a scam like what I saw in the news. All of people are not aware in terms of technology and my province can prove that bitcoin is not already used by the people. I am also hearsay words that bitcoin is a bubble thing, I don't know why they are afraid to engage in newly system of economy. Even me, I do not yet talking about bitcoin to my relatives and friends, I know that in the end they will say that this is just a scam, specially now that I do not own yet bitcoin. I think I will tell them if I have bitcoin to cash out.
In my own opinion, people who scared to use bitcoin are also do not know to use technology. I believe that education is part of awareness of the people.