Why do some people hate Bitcoin and crypto and want it to fail?

[Becky666]

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Some people hate bitcoin because of its volatility believing the currency is been highly manipulated by the big boys ~~
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This reminds me of my colleague who was bartered and shattered during the early days of 2017, she invested much lately into Bitcoin and during the process of lost almost all her saves within a very short time frame. She told me never to try invest into cryptocurrency, because of it volatility in nature, probably she's right because many have lost their saves. It took me time and courage before venture into the world of cryptocurrency, and never regret it till now becasue know when to buy and sell make the difference.

[Bunsomjelican]

Simply because those people are lack of knowledge, they are coward to invest into bitcoin and crypto. They are truly negative about it, even they don't really know the good features of bitcoin has, they've been thinking about the result even they're not one of the investors of bitcoin and crypto. And they felt they've been scam by it, but the truth is not. That's the way they are thinking about it.

[Zemomtum]

You are totally right. The major causes of this dilemma is awareness. Some people are finding it difficult to believe that how can you just change something called digital currency to fiat. They still hold the opinion that it is a bubble and they are waiting for it to burst. Fortunately and unfortunately, Bitcoin and other key cryptocurrencies are pumping strong than deflating. This assertion will not last

[crwth]

This reminds me of my colleague who was bartered and shattered during the early days of 2017, she invested much lately into Bitcoin and during the process of lost almost all her saves within a very short time frame.
~snip

I feel bad for all of those she lost, but that’s part of the process of investing. It’s a bad experience, but you learn from it. There are those who’ll try again, and there are those who won’t. I guess that person invested a lot and wasn’t aware of where she invested in, or that she didn’t take care of her investments. Some people hate Bitcoin & Crypto because they think it’s a scam due to people scamming other people and using bitcoin/crypto as an excuse to get greedy, thus giving a bad name to BTC. Some aren’t knowledgeable about the topic and don’t care. Or there are those who aren’t open to changes, especially with technical stuff on the internet.

[charlie137]

its like asking "why politicians lie"

[smyslov]

These are uneducated fools they do not understand anything about Bitcoin and we can't do anything with it, partly to blame on this is the mainstream media who keep preaching that Bitcoin is bad for us and it's a Ponzi scheme, one day, they will just wake up that everybody is using Bitcoin and making money out of it, and they are very much late.

[charlie137]

These are uneducated fools they do not understand anything about Bitcoin and we can't do anything with it, partly to blame on this is the mainstream media who keep preaching that Bitcoin is bad for us and it's a Ponzi scheme, one day, they will just wake up that everybody is using Bitcoin and making money out of it, and they are very much late.

thats what bill gates is trying to do ahahah, sneaky

[eagle10]

To add to some reasons here why people hate bitcoin and crypto? They want the price to go down further so that they can accumulate more to HODL. Honestly, I agree that most of them don't really understand bitcoin and when they do, their hate is slowly subsiding. And those you see more people and banks hate most, they are just pretending they hate bitcoin. They are the great pretenders like Jamie Dimon. I thought he is really a hater but instead a lover anyway.

[jdarren]

I think it all boils down to open mindedness. Some people are more prone than others to be willing to change and explore the unknown. Some people prefer to sit in comfort because of fear. They believe that what has  been will always be rather than evolve

[coin-investor]

I stopped explaining to people about Bitcoin after watching on TV the news about ponzi and hyip using Bitcoin and blaming Bitcoin, let them hate something that makes you rich and change your life, you don't have to explain to defend the mainstream media and adoption will explain this to them.

[playboy654]

There are some people who want to be rich always so they don't like to be decentralized adoption is happening so they all are actually doing things to ruin the future of crypto currencies and other reasons are rumors about crypto currencies so they think people using cryptos are criminals so we they think don't have to use it.

[TheHas]

its like asking "why politicians lie"

Both have answers though. Just because it is longstanding or an ongoing issue, doesn't mean it doesn't have an answer

Bitcoin challenges conventional wisdom of what 'money' and what 'value' represents or is. The current metric for assessing what 'money' is doesn't sit nicely with the thinking around Bitcoin. As a result, it gets a lot of opposition.

[bivaetjetakoe]

 Bitcoin has made me rich and smart.
I can't help but love him