Some people are afraid of crypto currency because the market is too new. and everytime they hear someone talking about bitcoin dropping 10% in a day they will doubt the crypto market even more.
The majority of people out there do not really think bitcoin is a good investment just yet.
There lies much truth in your reply dankboner83.
Most of the times, people tend to shy away from anything new in nature. Like a new car company, no matter how competitive the new line of cars that is at offer, people will usually choose a car manufacturer that has been existent for decades.
And the same applies to cryptocurrency, with the economy existing for nearly a decade only and less than 5 years when it comes to popularity and general interest. This concept is actually a limiting factor for many which holds them back from engaging with bitcoin in any manner.