https://medium.com/datadriveninvestor/why-your-annoying-friend-wont-stop-ranting-about-bitcoin-9808a132480The author of this article believes that putting a small amount of currency you have into BTC can help you protect your wealth.
He says, If enough other people believe BTC is money and use it; its money even if it doesnt follow the old rules our nobel prize winning economists have told you. The old rules are being taught a new lesson by the market.
What do you think about it? If you or your friends dont buy any bitcoin, what is the reason?
I believe that the main reason some people refuse to accept Bitcoin, it's because of its volatility and regulatory uncertainty. There have been many hackers in crypto land, as well as, scammers which have stolen funds from many crypto users. Also, Bitcoin's extremely volatile prices, could make it valuable or worth nothing within a short time frame. Because of these obvious reasons, many people are afraid to use Bitcoin for their daily payments.
Add to this, the slowness and high costs of the Bitcoin blockchain, which makes it terrible to use as a currency for real life. In some occasions, people are afraid to get into something that's new. However, sometimes new stuff brings you an opportunity of a lifetime to become highly wealthy and successful in the future. With enough education about Bitcoin and other cryptocurrencies, as well as, regulatory compliance within crypto exchanges, Bitcoin could gain the confidence of many people worldwide.
Until this happens, then I'm afraid that many people will stay away from Bitcoin as much as possible. As for my experience, nearly all my friends I've talked to about Bitcoin, have refrained from joining it because of the many risks involved. Someday, I hope that with Bitcoin's growth in price, and mostly, development, more people would join Bitcoin to make it stronger than ever. Just my thoughts
