Why is there fear for cryptocurrencies?

The more various opinions we hear about Cryptocurrency, the more we 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.
We at Bitssa.com believe that it is about time that people will start realizing the importance of the use of cryptocurrencies as a fast and convenient method of transferring money. In layman’s language, the reference to hysterical phobia is simply the fear of the unknown. The terms like mining, trading, ICOs or lending are alien concepts to people. Education about advanced technologies such as the blockchain technology is the need of the hour. Remember about two decades people showed the same hysterical fear when the hype of internet boom was at its peak. People were scared to do online transactions with banks. But it was only with time that people realized that their lives were made easy due to the advent of the internet age. Similarly, the day is not far when people will incorporate cryptocurrency as a part and parcel of their day-to-day life and replace it with fiat currency.¬† For more info. read¬†bitssa’s blog section.