Bitcoin Forum

Why do many people have the courage to denigrate and attack bitcoin if they don't even know its fundamentals and blockchain knowledge? Humans have been looking for solutions to the credit problem for thousands of years, until today's national credit currency, but now a solution that combines the internet with decades of cryptography and so on, and some people don't recognize it, and go around denigrating and attacking bitcoin,these acts seem shameful and stupid to me,I do not know about you how do you think?

Bitcoin as the first digital currency, its value can not be denied, the design deficiencies will not say much. The problem now is that most or all of the "coin ring" (the definition of "coin ring") is a Ponzi scheme, except that the "coin ring" also has people who understand and do not understand.

it is simple, because of money!

there are two groups that i have seen so far attacking bitcoin. one is the banksters who fear for their future. they do understand bitcoin very well and that is why they don't want it to succeed. they are alive and strong because there have been no alternative to banks but now there is...
the other group are the ones who want to make profit from bitcoin because they hold some small or large amount of it. they attack it at specific times so that they can cause some sort of panic and be able to buy more of it! bitcoin has a small and limited supply after all.

I can understand your thoughts and feelings now. The world is such that the emergence of some new things is doomed to be completely accepted by everyone. However, some people like us first come into contact with this field and find out that his greatness, Slowly let it develop more people accept it. Not only Bitcoin is the case, the same blockchain, the previous Internet, e-commerce, etc. are not so groping it? As a pioneer of the blockchain, it is hard to be understood by people. Then we prove that they see or make us more prosperous, or let him develop more and let more people accept it

Simple people do that with anything that is different, that is why kids mock the kid that is slightly different than them, this is just basic human nature and even kids do it, so I'm not surprised adults do that as well, also some people may be resentful they lost the opportunity of a lifetime and now they want that opportunity to not exist and so they try to destroy bitcoin by spreading lies about it.

Bitcoin represents a new thing, so many governments have acquiesced in its existence and development, as you can see, the development of the Internet in the past three to five years is now the post-mobile Internet era, and the Internet of things will come and popularize human beings. Although currency as a currency on the Internet has its own patience, so I think Bitcoin is reasonable, the government has more resources and information than ever before and there is a long way to go in terms of vision. I think the time is ripe many countries will introduce digital currency backed by government credit to gradually replace banknotes, so do not mind stupid people.

People, especially older often attack new things. Not because it poses threat but often just because “old ways” are tested and works for them. Its natural human behavior. Also in bitcoins case those people happen also to be in power so their resistance to new things more noticeable from outside.

Bitcoin is a new paradigm of perception of money, and as everything new when it appears, it lends itself to criticism, attacks and misunderstanding. But we all know that such things as a phone, a computer, the Internet became a part of our life, although they also succumbed to criticism and attacks. The same with bitcoin now, it's a matter of time until everyone recognizes it.

They are just a bunch of idiots who don't know what bitcoin is. They don't know that bitcoin is also a source of income. I'm sure that if they know that bitcoin is a source of income. They won't attack bitcoin anymore.

I can understand your feelings.
I also hate people who don't understand bitcoin and denigrate it.
I think bitcoin has hurt their interests.

Many are peeved because they didn't get on-board early to partake in bitcoin mining or even it's direct investment and this and many other reasons generate genuine hate among them for bitcoin and so they will cease every little opportunity to run it's success down as they will be happy to accept bitcoins failure because they are not a part of it. I think it's generally part of the selfish human attitude that some people fail to control  even in public.

You have said it that people who don't have the knowledge of what bitcoin is, it potential and it capacity term to denigrate it, that is due to the fact that they can comprehend what the cryptocurrencies world is and how it works and they can't deny it success so the only thing they turn to is to attack bitcoin, and again another set is those that even have expact knowledge of bitcoin but are afraid of it success so they attack it e.g the government and the banks.

Many people always think they think they are right, so when they think that bitcoin is risky, they will denigrate them. They don't want others to enter the field, because when others know the truth, they can't stand on it.

Have you ever heard of the execrating nature of the people when they see something very fascinating but are not able to adopt to it in the first place? Then thats the time when we start seeing mob of haters who starts publishing odd things about the bitcoin.

This thing only comes up front when someone is unable to use the technology in proper way and are not able to generate the revenue, output or any sort of profit from it. In this case we talking about the Bitcoin. Many of the people don't find a good way to invest into it and loose the money that they stake in it and thus start hating it. They start mouth to mouth publicity about their story and believe me there are more such people that the one who are successful in it. Thats the reason I believe makes such people behave like that.

I think there can be permanent members of the currency as a credit endorsement only more reliable!
Even if the cap, shell, coffee beans, bullet shell, at some time can not be easily copied to maintain a certain amount of strong credit endorsement I will collect it! Bitcoin as a data block is not suitable for long-term hold!

Bitcoin is a new paradigm of perception of money, and as everything new when it appears, it lends itself to criticism, attacks and misunderstanding. But we all know that such things as a phone, a computer, the Internet became a part of our life, although they also succumbed to criticism and attacks. The same with bitcoin now, it's a matter of time until everyone recognizes it.

It's simple. People are driven by GREED and FEAR. The ones who are in charge or managing the current system of how money works can't seem to quell their thirst for it. And when they realize that there are certain things that can threaten the system, they fear that it will cause the system(in which they benefited from) to crumble down.

To be fair, not only the people have raised their level of skepticism about the rapid ascend of Bitcoin and other digital currencies. But to call the digital currency a fraud and a tulip is more than skepticism, in my opinion. It undermines the potential of Bitcoin to become a “peoples’ currency,” and replace national currencies.It is one of the main reasons of attack bitcoin.

it happens because they do not like and hate with technological innovation, or ignorance makes him easily provoked by a rotten conspiracy.
I think this is a big challenge for bitcoin, if bitcoin is able to stabilize in the middle of a storm, then bitcoin will rise and high quickly.

In many countries, bitcoin is not legal and prohibits bitcoin transactions.
In countries where bitcoin is banned, traditional media follow the will of the state.
It would undermine bitcoin even if it didn't know it.

try you notice a tree (coconut tree) he grows from a little longer he continues to grow tall and taller and the wind blows him very hard but he is not easy to collapse because a lot of roots that sustain him to thousands / millions of roots, as this is the bitcoin the more triumphant the more people who underestimate and insult bitcoin so to face the rumors you do not panic because this is a bitcoin glory.

I do not have to know the trick of blockchain or bitcoin (in fact, I know a little about it), and I can tell if bitcoin is a scam: maybe you can use it to buy a cup of coffee or compassion, but it can not be used to pay taxes. The Chinese government only accepts RMB, and the U.S. government receives only U.S. dollars. As long as it can not be used to pay taxes, it can never become a law currency.

Oh, there are many reasons for that :

1. The competition wants it to fail. <Banks / Remittance services / Other Alt coin supporters> They even pay people to shill against Bitcoin on public platforms.

2. Fear of the Unknown. People are just human and we have built in mechanisms to protect us from the unknown. Most people will go in attack mode, when they are presented with something unknown.

3. Arrogance : A lot of people are just arrogant. Those people acting like teenagers that always know better. Even when they know fckAll about the subject.

4. Jealousy : The people who got in late or who were to scared to take the risk and who are butthurt now, because they lost out on a opportunity. Now they shift that negativity onto Bitcoin for their mistakes.

5. People who invested, but got burnt - Failed Ponzi schemes / Panicked too quickly and sold at a loss / Exchanges that got hacked, like MtGox etc.  

6. Price Manipulation : People use public forums to manipulate the price. Posting FUD to create panic and then to buy when the price goes down and visa versa.

When some economists attack Bitcoin with tulip mania, it's because they apply economic theories, empirical and theoretical studies, but Bitcoin is quite different from existing models, a combination of cryptography, economics, and game theory and they don't expect to see a paradigm shift through Bitcoin's economic model.

When some banksters attack Bitcoin with fraud, it's obviously their lack of control over Bitcoin makes them feel threatened.

When investors like Warren Buffet call Bitcoin a mirage, it's basically their lack of understanding of a new technology or their reluctance to accept something new.

And then there are attacks/FUD purposefully planned not because of any economic model, feeling threatened, or technology, but solely for monetary gains.

Leave aside banksters, but I wouldn't say negative statements against Bitcoin by economists are always meant to be an attack on Bitcoin, at times there is some constructive criticism.

Exactly. We're here so far down in the weeds talking about LN, atomic swaps and layered solutions - and John & Jane Doe are just now learning about this "Bitcoin thing". We're way overestimating the ability of the average punter entering this space and their care factor about the BTC/BCH war. They'll look at the market caps, see that Bitcoin is blowing the rest of the competitors out of the pool and drop their hard earned cash down on the safest, most well known and most recommended crypto out there.

Let me compare it as a antigen that are present in a vaccine that enters the body.
Vaccines are introduced to the body to be immunized by the specific antigen in order to avoid being sick the next time he or she is exposed to the disease itself. In short it is made for a good cause.
Bitcoin is the antigen which is created for a good purpose, but before it acts freely to provides good, it is known as danger.

But I know it will be accepted in the future to provide its purpose.

Honestly I do not care about these people and do not pay attention at their arrogant sayings. I suppose they are jealous. They simply cannot stand the idea that somebody can earn 10-100 times more than they do, and earning this person can stay home, without spending gas to go to his workplace.

I think people like that are monotonous in their lives, and always dependent on others, and people who do not dare to work independently.

Right! Many people do not know that they are attacked bitcoin and I attack bitcoin. Because no one knows how to steal personal accounts. That is not easy. Most bitcoin is often hacked by famous hackers.

People are afraid of new things. It's that simple. One hears excuses like its not physical, how can it be real? I think that in time and with proper education, bitcoin and actions will become the thing of the day. Look at the internet,mobile phones, etc all these were looked at as things that would not last but.......

Yes, bitcoin does not need to pay taxes. It is a decentralized and anonymous transaction, it can not become a legal currency not because it does not pay taxes, but because it threatens the state's power. But I think we will be more in the future. Democracy, Bitcoin still has the potential to become legal currency.

This is just the nature of people wherein we tend to raise our guard when it comes to things that are new to us and it is up to us whether to act positively or negatively upon it. Most of the people who act negatively have either negative experience in the previous happenings that involves money and just cautious about it. Media also has a big influence on how people think about something and since almost all we can see in television or read in papers is about bitcoin being used in illegal activities or have no future according to bankers then it would largely influence them on how they perceive bitcoin. Those who has positive views about bitcoin may have someone they knew that has a good experience about it.

This is normal, people are unfamiliar things, the first reaction is to reject and exclusion, the future when the BTC is more prosperous, the acceptance will be increased

People dislike something is often not justified, the reason can find, no matter what, Bitcoin is a blockchain application, people will only say that it is a virtual, no real effect, but you speculation worth . But even if they know that Bitcoin is denied even by the most basic concepts, they do not need to bother with these people at all.

Maybe because people are afraid after experiencing trauma from different ponzi scheme as we all know there's really lot's of illegal activities that surrounds us and if we are not careful enough chances are we can be victim and lose our money. Many people are still not confident about bitcoin and still believing that it is illegal and sort of bubble that after hitting the market it will just blown out and lose its value.

Just like what you said those people don't even know a thing that's why they're attacking bitcoin and that's why they don't trust bitcoin like us who believe and know a lot about bitcoin..

Yes I can see a lot of people attack bitcoin like those who know best about bitcoin. I think that's also happen in here, in the past a few people ignore bitcoin and thinking bitcoin is nothing and then they are realize that bitcoin has many advantages and now they are crazy about bitcoin.

Well, there's a fair amount of people that would have reason to not trust Bitcoin. Attack it and be generally dicks about it? No, but it does give some motivation as to why they would have a desire to discredit Bitcoin in the ways they do. There's also a lot of people who have lost money, and in some cases a LOT of money, due to market volatility, and that results in them having a dislike or even hatred for Bitcoin. It doesn't always make sense but people aren't really that sensical most of the time.

I think mostly the reason why these people are attacking on bitcoin and judge it is because some of these people are ignorant. And sometimes these people are close-minded when it comes to new technologies or anything new brought to the table. This is my impression for these type of people its because I do have family members who are like this, they don't see it as a positive advantage instead they think these digital currencies won't last a decade. And I don't feel bad about what they said and make sure I educate them in my spare time.

This is a normal phenomenon, and the first thing people do about a stranger thing is to resist it. They will not harm their own interests. Moreover, bitcoin is forbidden to trade in some countries, so the image of bitcoin is not good in some people's knowledge. Therefore, the practice of bitcoin is vilification.

Those who always attack bitcoin must be from the Bank, they are afraid that someday in the future people will not use their services anymore, they are afraid of not being able to make money from our money and now they are campaigning that bitcoins are unsafe and easily attacked by hackers, oh please cmon look at Japan, their exchanges are hacked  from mtgox until now coincheck but the government still legalize bitcoin, cause they know it's not bitcoins fault but people who holding bitcoin.

This is definitely the answer to this situation. In any aspect that involves power over something, those who are considering themselves as the rulers will most definitely eliminate the threats to stay at the top just like in politics, business, etc. They will manipulate everything for their own benefits and it has been happening even before btc came so there's really no surprise that those banksters are doing their best to destroy btc's credibility. Good thing there's still plenty of people who see the truth out of all the lies the detractors have spread.

And only aware minds can protect Bitcoin against so many threats and defamations. These powerful guys have full confidence they will keep rulling everything by keeping a population majority they need in ignorance forever! It worked very well by some time ago, but with mass internet adoption happening on the last years this mightiness was threatened.

Alternative sources of information appeared and many woke up to reality. Those who still defame Bitcoin for ignorance do this because they want to be on the ignorance, because at this point information is accessible for everyone.

they attack and lower bitcoin because they do not know about bitcoin, if they join and benefit from bitcoin, I am sure they will not dare attack bitcoin, even they will be addicted to work by way of investment, trade, mining or signature campaign. Sometimes I am confused, if you do not like why should be patronizing? But the reason they lower the bitcoin is always unreasonable and without the right foundation...

Either ignorance or stubbornness.

It is natural and normal that people will be more controversial because bitcoin is not able to make people understand it.

Bitcoin not only challenges their status symbols, but also challenges their fundamental values system and survival, and is a blatant challenge to him.

I think because btc is the first digital currency so they don’t familiar with it. They think btc is mysterious. But once they know and understand about btc, they will be amazed and addicted to btc!

You are right, we can not get angry with ignorant people, and we need to tell them facts and show them that it is right to choose Bitcoin.

Indeed, this is a bad guy in human bones, laughing at someone different from himself, but I will not be deceived by their rumors, and I'm trying to break the rumor and save the image of bitcoin.

It is probably because they never gained anything from it but lose their money. This is a typical reaction of a person who got blinded by the program or platform that will promise you good amount of profit but eventually will turn up as a scam after you deposit your precious money. Another reason is that they have closed their mind from bitcoin and they won't welcome or accept the fact that bitcoin can be beneficial to everyone.

Well I say that those people care for you!!!!!! Ya I know I sound like crazy but yeah this is the truth.Even I had told my best friend that bitcoin is a scam and never invest in such things when I heard him that he was going to buy bitcoins.Later did I get to know more about bitcoins when I joined bitcointalk.Yes it's human nature that we don't like things that we don't know about.After knowing about bitcoins more now I am the one who forces my friend to buy more...Haha