They fear bitcoin because it is a threat to the banking system. BTW, Bitcoin is not for the feint of heart.

To sell your bitcoins you can choose to use direct trade.This way, you would have to use sites like Coinbase, Bitbargain Local Bitcoins and Bittylicious.Bittrex also provides a good platform too.Registration and identity verification is important for all these sites. Upon registration, you will have to post an offer as a sign that you want to sell on the website.The website notifies you of a willing buyer and it is left for you to negotiate with the buyer.In some cases like exchange trades, you can just be given a field to enter the amount you are willing to sell your coin and you will be automatically matched with a buyer willing to buy at that price. This way, the need for the direct seller to buyer negotiation is eliminated the only difference is that online. exchanges act as an intermediary.