Who’s afraid of the big bad baldie?

There is a word to describe the fear of becoming bald. That word is phalacrophobia. And as much as I find silly the whole concept of being genuinely (as in waking up in a cold sweat) afraid of becoming bald; given the socio-cultural connotations of baldness, I can at least understand the rationale behind this fear. There is a sense, and I’m not justifying it in any way, that you may lose out if you’re bald. So I can understand this phalacrophobia word. But there is another word. A word that I find harder to accept. That word is peladophobia, and it refers to the fear of bald people. But I fail to understand the source of this fear. How does somebody become afraid of bald people? We don’t’ run around chasing little kids vowing to eat them if we catch them. We just don’t. People don’t take one look at my bald head and run away screaming for dear life. They just don’t. So the only logical conclusion I can come to is that peladophia is no more than a lexical invention. I don’t believe in it - I just don’t.