If bitcoin has enemy (except altcoin) what is it?

[richkellj]

First I would not include altcoins because they are the one making a good competition. And for me, the worst enemy of bitcoin are the scammers. Because of them the government is being alerted which is turning out to another big problems like what is happening today. Market is on a bearing position, and most users are on panic mode because of fear.

No, it is just a little break. Bitcoin is still bullish. Look back a few months where Bitcoin was on 900$. Panic would look different. BTC would pull back to 1000$ and less.

I will not underestimate the power of bitcoins and yes it is a bull in its strength. But the problem is not many people will consider it a break. We cannot deny the fact that people have started doubting their investments. Definitely, if the markets keep on changing this way, panic selling will take place.

[shawn995]

Bitcoin having a lot of enemies in which one of them is Dr Morgan.

[balakang00]

I think it is the bank or banking. It is like bitcoin but bitcoin has more advantages. Bitcoin can overlap banking and it can change the system of banking if it continued to prosper as years pass by. So I think banking is the enemy of bitcoin.

[tyuner4]

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

I say it is the governments too.

[madbyte]

In some ways the gov and banking system are the enemy... but on the flip side I think both the government and banking sees the potential uses that cryptocurrency brings. Huge savings, secure, transparent.. unlike paper fiat that is so old school.. fiat/cash is like using a audio tapes and newspapers.

[Risktaker31]

Bitcoins got many enemy like fbi,nsa,and other government agencies and the world bank or international banks. Because government want to control the currency. They just want to control the allocations of bitcoin in the market . Its just my opnion .

[Titanos]

Bitcoin's first enemies are govs and banks.

[ridhobagus2308]

I'm not sure, but it seems ETH will be a good enemy for Bitcoin, i don't know what else can be compare with Bitcoin besides eth.

[GreenBits]

there are a lot of enemies of bitcoin, the majority of them self made. besides the security issues, the lack of consensus, and the general user unfriendliness, there are two core issues that we rarely address here:

lack of user identification (psuedo anon nature) and lack of user dispute mechanisms (its ireversible). the reason the gov will most likely not accept bitcoin in its present state are these two characteristics, above all. for all practical purposes, you dont want a digital payment mechanism without identified users. even if it is made with the best intentions, every asshole in the world will use said system for evil shit, because it is anon, and it works. also, because merchants lie sometimes, just like customers, you want to be able to reverse some transactions, aka the chargeback. these features are required in sound money because people use money, and people are shits. until we address these (which go against the core tenants a bit):

bitcoin is not sound money

[NewBet]

At this point, all coins are working together. There is no "enemy" to Bitcoin. Although you could say Ethereum is competition, as it is taking market share away from BTC on a daily basis.

[FasTroy]

I'm not sure, but it seems ETH will be a good enemy for Bitcoin, i don't know what else can be compare with Bitcoin besides eth.

I don't ETH is really an enemy for bitcoin, because it's just a crypto, I think the real enemy for bitcoin is peoples who buy there bitcoin and peoples who don't believe in bitcoin.

So, There is nothing can control bitcoin only peoples can control it, so the enemy is some of peoples as i think.

[Dhaaaw]

It has many enemies and altcoins are not one of them since bitcoin is far more superior than them. The enemies are things that have influence on it such as the media, people with financial influence like JP Morgan and mostly the govermant but i think with time these obstacles will begin to fade since bitcoin is gaining popularity.

[UCHCHILD]

Government is my choice too since government is totally contradicted to the features of bitcoin itself. Alt coin is just a simple competitor of bitcoin but not enemy, like government, it also leads to banning the bitcoin in some country lead by those officials that can see the threat of bitcoin to its economy.

[Pablo778]

Government is my choice too since government is totally contradicted to the features of bitcoin itself. Alt coin is just a simple competitor of bitcoin but not enemy, like government, it also leads to banning the bitcoin in some country lead by those officials that can see the threat of bitcoin to its economy.

government and bankers are its worst enemy.

[LogitechMouse]

If i will say one enemy of bitcoin it will be the bankers and the bank because they own our money and since cryptocurrency is already decentralized, there will be no owners. We are all the same at equal level. No one is holding our money but ourselves.
Maybe the government too are bitcoin's biggest enemy. Government who wants to take control of everything even currency.

[ivrynx]

As we all can see now, bitcoin has a lot if enemies, first, those who keep on saying that bitcoin is a fraud, without even reading any articles regarding bitcoin, they are just there saying it is a fraud just becayse of hearsays and not because of factual basis. Second, the banks. Banks are scared of bitcoin, since bitcoin is decentralized and almost everyone could have it, and it is being given a high value in the market, thus making it more valued than gold, these banks are afraid for their existence, since bitcoin is a new currency, and for them, their fiat might get devalued or even worst,obsolete, that's why these banker bad mouth bitcoin now, before it is too late for them. The third one, i agree with most people here, for me it is the government itself, since bitcoin is decentralized, they cannot regulate it, so they cannot have profits, from what i see, if the politicians in your country are corrupt, more likely, they will go against bitcoin, since they cannot tax it, they cannot something to put in their pockets, so they bad mouth bitcoin, so people will be scared of investing in bitcoin and they can pocket in a lot of mkney, that's coming from your taxes. Lastly, the people in the stock market, the all knowing so-called gurus, most of them doesn't like the idea of having a decentralized currency, that is, if you ask them what are their investments, most of the people i encounter who doesn't like bitcoin, are those who invest in only in the stock market, however, those who invest in commodities, they do take bitcoin seriously, and treats it as an asset, for sure those people are used to volatility.

[xuan87]

The worst enemy that can make Bitcoin slowly dead is the government and the scammer, the government hold a really important roles in crypto, as we can see the recent china incident, it damage the Bitcoin price so bad and caused the market instability,the second one is the scammer, Bitcoin has been the target of scammer for a very long time and the main reason government banning Bitcoin because the case of people being scammed are a lot

[criz2fer]

Base on my observation, a new in the cryptocurrency world, news has the biggest impact. How they spread it with the top sites being followed by our fellow traders. Second, are the infuencial people also affect the business. Most of them were interviewed also by this big news that really make the news spread. Hope people really wont go with the FUD and i thiink bitcoin will be successfull in the coming years

[Natsuu]

Government is my choice too since government is totally contradicted to the features of bitcoin itself. Alt coin is just a simple competitor of bitcoin but not enemy, like government, it also leads to banning the bitcoin in some country lead by those officials that can see the threat of bitcoin to its economy.

government and bankers are its worst enemy.

Yeah I agree on this.
When the government sees an opportunity to something that they think can be a source of a lot money they'll do anything just to make it their own or in their control, This is how they see bitcoin, they see it as a well of money.
And no one can stop them until it touches their pockets. And this is happening now in China, closing all exchanges and soon they'll  launch their own exchange. The one they can trully control.

[nagiblem]

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

The bitcoin worst enemy are the growing detractors of Bitcoin they are doing this because Bitcoin is threat to them like the Banks etc.