I would argue the virus itself isn't making people afraid, it's media/government fear-mongering. In reality your average person has little to fear (besides the fear of spreading it to a vulnerable loved one).
Your average person doesn't fear flu-like sicknesses. It's an inconvenience, yes, but that's about it.
> long term side effects
Again... according to CDC/WHO the average person completely recovers in 2 weeks. Yes, there are cases where permanent lung scarring was observed, but AFAIK that's super rare and has to do with the type of pneumonia synergizing with covid, not covid itself. I'm sure you can dig up other cases where long term negative effects are observed... but it seems rare compared to the normal recovery scenario. Do you have a source showing that the average person should fear developing long term side effects?