Hmmm i don't know,  but i feel if that video were to be done in my locality,  i bet you will probably see more going for the first time risk rather than reasoning the losses that is involved in it.  Same feat applys to the adoption of bitcoin in my locality most people just like taking the chance of new means of possible making profits even if it involves them not knowing much about the platforms. I guess that's why bitcoin adoption and awareness  is growing massively in my area.

I don't think that's an appropriate approach to compare to bitcoin adoption. The fact is that nobody loses anything (in terms of ownership) even in a minus portfolio condition.
I'm interested in quoting one of the responses in the video, "I'm thinking more about what I lose than what I win". How about a little fairer, changing the conditions of "the coin will be flipped a certain number of times so it wins your choice",  like the way holding works.

even at a 10:10 or a 10:20 people are not willing to bet. the main reason is logically people feel that if something sounds too good, said by someone they just met and dont know, there must be a hidden trick behind it where there is more risk at play that they have not been told about

people only try bitcoin once they have done more research.. rather than hearing a guys investment idea 30 seconds after meeting them

in short.
dont introduce bitcoin in some investment sales pitch. teach them about the functions and features that bitcoin offers that meet the persons interests. explain it in ways they will understand and then explain if bitcoin is at a value dip or a hype tip so they can make a better judgement of desire vs risk of bitcoin the utility and bitcoin the investment

You nailed it @franky1

I never trust any random stranger offering to good to be true, you know we've seen so many magician which mastered a trick to make we think it's real, but it's not. It's possible the stranger flip the real coin and then he switch with his customized coin where the both side contain only number or image, depends on the situation.

Bitcoin on other hand, we don't need to trust someone because we can trade it using P2P or DEX, then we can hold it on our non custodial wallet.

There are a lot articles discuss about 4 year cycle and Bitcoin bullish season, I don't think people are dumb and not understand about it, they just choose to not invest in Bitcoin.

There are too many factors to consider when we think about the rate of adoption, one of the most obvious is that people in general are afraid of change, and new technologies can be terrifying for most people.

Now some may suppose that things would have changed as now we live at an age where information moves at an incredible speed but this is not true, if you take the time to search for articles about the internet you will notice that many experts thought the internet will never succeed and eventually it will disappear, and look at how wrong they were, this is similar to what we see with bitcoin which has been declared dead hundreds of times and bitcoin is still prospering.

Firstly that was a great video, I usually judge videos by how much I don't notice the time go buy and the 7+ minutes of the video went by without any notice at all.

Also, the concept in the video is technically correct, people are averse to taking risks and feel losses more than they feel gains.
Even if you consider the analogy of this being a stranger those people just met and then flipped it, offering them ten bucks to take a gamble, while risking nothing, people would take the bet with the said stranger.
That is still a too good an offer to be true and it's still a stranger they just met, but with no apparent risk of losing, the would take the chance at winning.

Bitcoin adoption is not low for how long it has existed.
It's more than taking a random bet, it's accepting a new way of doing things, a new way of transacting and a new form of value. It would definitely take time to be fully adopted

OP, your focus on expected value or profit are misguided, when it comes to Bitcoin. The primary goal for Bitcoin adopters should not be "profit" ..but rather the value of financial freedom. Yes, even if the reward is financial freedom, the same concept still exist, because people first need to lose their financial freedom.. before they know what it is.

A simple example is this : The ATM is not working and you need money to pay for something important. Your account is blocked for some reason and your Bank only operate from 9 to 5. You want to donate money to Wikileaks, but Banks block all transactions that are linked to Wikileaks... etc. etc. 

I’m a financial advisor for a long time and we often assess first our client before we offer a plan for them. There’s different risk appetite in everyone of us and more people  preferred less risk investment because they have a sustainable source of income from job and they don’t want to risk everything because their money is hard earned.

It’s same scenario with Bitcoin. People with stable job income that can sustain their daily life will surely avoid any risk in life because they are ok that way. Maybe consider us here as lucky for being open minded on the risk involved of our investment and don’t bother convince everyone to take the same risk we are taking despite expected value here is pretty high.

I think the video is a bad example when it comes to investing in Bitcoin regardless of the math behind how many times the coin will fall heads/letters and how much money is in the game. Some people just don't like gambling (regardless of the odds), and we all know that the house always wins in the end and that only a few can boast that they made money gambling, while more than 95% of gamblers lose far more than they win.

Therefore, I don't think that the fear of loss is the main reason why people don't want to invest in Bitcoin, because the reason can also be that someone simply doesn't have the money to afford any kind of investment, while others think that it's all a big scam which will collapse sooner or later. It should be kept in mind that public opinion is not shaped by this forum or a few more significant sources that provide information about Bitcoin, but by the mainstream media, which is mostly owned by those who want to preserve the system that allows them absolute control at all costs.

In addition, Bitcoin was never supposed to be the kind of gambling you are talking about, but something completely different that most people either don't know or deliberately ignore.