What Is with The Negativity Around Bitcion......

[readygoaw]

the negativity on this is they make bitcoin as a huge business and some of them makes it as an opportunity to make the taxes huge. i see that every trade and exchange i made. there is a huge taxes that comes

Certainly around Bitcoin spreads some negative. And in this there is nothing terrible. Only time will show who is right friends Bitcoin or his enemies.

[1715381983]

1715381983

[1715381983]

1715381983

[robotrobert]

Bitcoin as succeeded when lots of people thought it could crash in its early days but its proved its critics wrong and its been online for a long time now and unregulated and decentralized...people have every right to be jealous because this is something special that most companies today wish could have...the backing of the people /world...this is something big and unimaginable.

In the present time bitcoin is the best in all the digital currencies, many other currencies are trying to replace bitcoin but they even can’t compete with it. The properties and benefits are unlimited but I think there are a very few of its drawbacks. One is that it is not recognized by the entire world till now but soon it will be recognized and secondly that it user can’t touch it because it is a digital currency and it’s not a big deal I think.

[coinplus]

One of negativity around bitcoin is that the transaction fee when you send bitcoin is so big and also take too long to receive. 

That has really posed to be something negative and I really hope this gets solves anytime soon as I cannot imagine this transaction issue going on and people not finding another real solution.

Yes, we may say bitcoin may end up being classified more as an asset than a currency but that does not mean that it should not end up more useful as a currency which it was made for in the first place. The transaction will keep causing more issue in the long run if it is not rectified.

[apolonio]

The negative characteristic of bitcoins are its transaction fee is so high.Also if bitcoins are pumping to its high value then other alternative currencies prices are going too low.So better watch value of bitcoins for now before doing something.

[Kevin77]

the negativity on this is they make bitcoin as a huge business and some of them makes it as an opportunity to make the taxes huge. i see that every trade and exchange i made. there is a huge taxes that comes

Certainly around Bitcoin spreads some negative. And in this there is nothing terrible. Only time will show who is right friends Bitcoin or his enemies.

It is normal for people to spread negativity, most especially when something is new. It has been happening in the past and it will keep being the same or even the more.
I still believe though that, no matter the level of negativity, it would really not pose any much danger for the market as a whole as we all know that this is not the first time negativity is being spread and it would also not be the last, but for now, we just keep our fingers crossed and see how even turns out.

[Kamote_1102]

the negativity around bitcoin was caused by some people who are taking advantage of it and scamming others.in every business there will always be a negative side. you need to get used to it. no matter how perfect the company or the business is, there's always someone who will always stab you in the back. just like in bitcoin, we can't please everybody. Maybe some of Us here has been scammed already that's why they're taking it back against bitcoin. it's always in the mind set of the one who uses it.

[gabbie2010]

the negativity on this is they make bitcoin as a huge business and some of them makes it as an opportunity to make the taxes huge. i see that every trade and exchange i made. there is a huge taxes that comes

Certainly around Bitcoin spreads some negative. And in this there is nothing terrible. Only time will show who is right friends Bitcoin or his enemies.

It is normal for people to spread negativity, most especially when something is new. It has been happening in the past and it will keep being the same or even the more.
I still believe though that, no matter the level of negativity, it would really not pose any much danger for the market as a whole as we all know that this is not the first time negativity is being spread and it would also not be the last, but for now, we just keep our fingers crossed and see how even turns out.

Yes, some media also contributed to the negativity of bitcoin especially during the recent dip or correction  I read an article by BBC where the crashed price of bitcoin was shown in a bad light so as to send wrong signals to  potential investors, those kind of articles are circulated globally which I  believed is major setback in the world of cryptocurrencies.

[Feuerbach]

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

I believe that the negative towards bitcoin is due to ignorance and ignorance.

[nguyenkhanhhung14]

Currently, Bitcoin is showing a lot of disadvantages because the limit of Bitcoin is only 21 million coins show that the exchange rate of Bitcoin always increase and decrease abnormally. The second is that the charge between each Bitcoin transaction is very high, which is why not many people are interested in Bitcoin trading as before. Bitcoin needs to find a way for itself, expanding the scale of the currency further to attract investors in the future. Otherwise, Ethereum will replace Bitcoin in the next 10 years.

[richardsNY]

Currently, Bitcoin is showing a lot of disadvantages because the limit of Bitcoin is only 21 million coins show that the exchange rate of Bitcoin always increase and decrease abnormally. The second is that the charge between each Bitcoin transaction is very high, which is why not many people are interested in Bitcoin trading as before. Bitcoin needs to find a way for itself, expanding the scale of the currency further to attract investors in the future. Otherwise, Ethereum will replace Bitcoin in the next 10 years.

Bitcoin's 21 million coin cap isn't the reason of the fluctuations we experience, that solely is coming from the lack of actual liquidity, and due to its speculative nature. In reality there aren't really 21 million coins, but more like 21 million times 100,000,000 satoshis. Satoshis are the actual nominations, and for that reason can't be divided into smaller fractions. BTC can be divided into smaller fractions. mBTC can be divided into smaller fractions. Bits can be divided into smaller fractions. The only thing I agree with is that the transaction fees are too high, but with more SegWit adoption the fees should decrease much further.

[MoneyMotivatesMe]

The negativity is the people on the bank industry accusing it as a fraud and throwing a lot of drug and laundering issues that they are not aware that it happens a lot in fiat.

[Kotone]

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

I think that it is fairly notmal for people to approach bitcoin with a certain sense of negativity and caution because it is new and a lot of people don’t know anything about it. For them its something that we need to educate them to about before they accept it gracefully

[acener]

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

The only negativity that I see in bitcoin is probably the fact that it relies too much on the internet. I fear that one day the internet would be down globally and I would be encountering an event where I need to spend, but since bitcoin is not accessible it would be impossible for me to do so.

[naidray]

As much as I concur with you, these days there are such a significant number of dangers engaged with bitcoin. The issue isn't about bitcoin, yet as indicated by what you have stated, its about the general population, about how they collaborate and what are their approach about bitcoin. They have a tendency to truly rush things and need to choose it by their own pace.

There is no way we should never expect a rush as some people nowadays are busy looking for the easy way out and that is a bad thing.

On the other hand, there is also a good side to it, as I have seen a lot of people who did rush but eventually got to understand how the whole crypto system works. We cannot discard the fact that some people are too lazy to study, but as long as they feel things are going to be right in the long run, they will surely keep coming.

[Zandar]

The negativity about Bitcoin comes mostly from that they do not know how it works or put any effort into it to learn about it. They do not know how it gets transacted, so when it takes a lot of time for it to complete, as in becoming unconfirmed transaction, they yell this is crap what a dumb mechanism etc. This is also the reason why Bitcoin is not realistic for micro transactions, alt coins are best for this. Bitcoin and crypto is still in its early stages so in a few years most webshops etc will have chosen one or more alt coins as a payment form and it will grow from there.

[Tavarez]

negativity is well deserved in the last six months. Transaction fees getting enormous (push small players out of the race). Also anonymity was always a concern with bitcoin, people switch to alts whose main purpose is to secure anonymity. Another impact is energy consumption (wasting too much of resources to produce> WHAT. because we only need water, air, food...

[cybersofts]

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

Bitcoin price was growing significantly for more than a year already, so mainstream media started covering it more and more and that made many people in financial world to start voicing their opinion about Bitcoin. There can be many reasons why exactly they are doing it- may they feel that Bitcoin is a threat, maybe they just want to get some attention from the media, maybe they want to try to manipulate the market. But I think that people who seriously consider investing in Bitcoin should form their own opinion by studying Bitcoin themselves instead of listening to others.

Never mind what other people are saying about bitcoin. Negative people always have something negative to attach to good things. Though, bitcoin recently has some transaction issues such as paying high transaction fee and experiencing slow network transactions, but soon the lightning network will solve these problems. The lightning network is about to change and speed up the bitcoin transaction speed with zero transaction fee.

[Cryptophorus Columbus]

Negativity is a big part of human nature, so don't lose your time with negative people, moreover usually they are completely ignorant in the field and just repeat some useless slogan. Focus on profit and forget blamers :-)

[HoaNguyen]

Talking about the weakness of Bitcoin, the current currency has many limitations that if the future does not improve then other altcoins will replace. At present Bitcoin has many disadvantages, first is the fee per transaction is higher than before, the time between each transaction is very long, sometimes up to 2 days. People are more inclined to invest in altcoin than bitcoin due to the altcoin's ability to overcome many limitations of Bitcoin. But I still hope the future of the currency will be Bitcoin.

[CHENIEN]

The negativity around bitcoin are many people afraid to use and access bitcoin. Many people doubt on what bitcoin really is. But for me, as a bitcoiner im not thingking the negative effect of bitcoin but my purpose is to earn bitcoin and focus myself to become rich someday by accessing bitcoin all the time.