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Author Topic: What Is with The Negativity Around Bitcion......  (Read 1297 times)
ReLieD
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October 11, 2017, 02:38:31 PM
 #21

What doesn't have a negative feedback. No Matter how good a thing is , there will always be people to criticize it. A small things happens to Bitcoin , all the people start spamming that Bitcoin is dead . So you can't change this thinking and have to accept it and move on

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October 11, 2017, 03:26:21 PM
 #22

There are several reasons why some people are negative to BTC.Some people just do not understand what is BTC and how it works,for them is it just some internet scam like many others for which they have heard.They have fiat and credit cards and hardly can imagine anything better.

Governments also not like BTC only for reason they can not control them,collect tax or stop money laundering.Also big players better like to make money with fiat,shares,gold or something like that,they know and understand it perfectly.On the other side BTC is something new for them,most of them not like it and they say it is bad,fraud etc.

We also have problem with ransomware which use BTC for ransome.BTC is not guilty for they use it,but it is connected and have bad reputation.Many time media say that BTC is digital money used by criminals.

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October 11, 2017, 03:46:29 PM
 #23

The negativity around bitcoin is merely traditional. Change is usually fought at its initial stage when it is about to sweep with its wave. People tend not to accept change at the first instance, they feel skeptical and nostalgic.

This is exactly the negative felt by bitcoin. People are traditional and would only know a currency when they can feel it, touch it, probably smell it and exchange it physically. This is why bitcoin has not been generally accepted as legal tender yes.

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October 11, 2017, 03:52:36 PM
 #24

There are several reasons why some people are negative to BTC.Some people just do not understand what is BTC and how it works,for them is it just some internet scam like many others for which they have heard.They have fiat and credit cards and hardly can imagine anything better.

Governments also not like BTC only for reason they can not control them,collect tax or stop money laundering.Also big players better like to make money with fiat,shares,gold or something like that,they know and understand it perfectly.On the other side BTC is something new for them,most of them not like it and they say it is bad,fraud etc.

We also have problem with ransomware which use BTC for ransome.BTC is not guilty for they use it,but it is connected and have bad reputation.Many time media say that BTC is digital money used by criminals.
This is really the reality on the negativity in regards in bitcoins existence which i can really say that they are really dumb only seeing on one side of bitcoin.They dont tend to give it a chance on seeing it on the positive side which is really more helpful to ours than on standing on their own dignity and beliefs but well we cant blame them since bitcoin can really be used on those ways.
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October 11, 2017, 04:44:38 PM
 #25

There are several reasons why some people are negative to BTC.Some people just do not understand what is BTC and how it works,for them is it just some internet scam like many others for which they have heard.They have fiat and credit cards and hardly can imagine anything better.

Governments also not like BTC only for reason they can not control them,collect tax or stop money laundering.Also big players better like to make money with fiat,shares,gold or something like that,they know and understand it perfectly.On the other side BTC is something new for them,most of them not like it and they say it is bad,fraud etc.

We also have problem with ransomware which use BTC for ransome.BTC is not guilty for they use it,but it is connected and have bad reputation.Many time media say that BTC is digital money used by criminals.
This is really the reality on the negativity in regards in bitcoins existence which i can really say that they are really dumb only seeing on one side of bitcoin.They dont tend to give it a chance on seeing it on the positive side which is really more helpful to ours than on standing on their own dignity and beliefs but well we cant blame them since bitcoin can really be used on those ways.
Misinformation is a big one when it comes to scepticism towards bitcoin. A lot people still associate bitcoin with hackers and drugs. Which is funny because nearly every dollar bill has had traces of cocaïne on it. The fact that bitcoin is beyond the government is also a factor, people think since it's not endorsed by the government it's not sta to use
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October 11, 2017, 06:51:43 PM
 #26

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.
Because people always want to spread lies and negative thoughts when they are not aware of what is happening and what is the trend all about, it is a human nature that we always judge fast even though we are not clearly understands the root cause of what really happens. And most of the time people believes what is bad and malicious as long as it is catchy in their minds even though it is not true or no reliable sources supporting that thing.

Quote
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........
Because most of this executives knew that their businesses or jobs in the future will affect by Bitcoin's growth in the future, so they will do what they can do to stop it even if they make themselves look stupid.
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October 12, 2017, 11:01:04 AM
 #27

i agree, and to add to this maybe a lot of the influential people from the financial world have to be seen to talk negatively about bitcoin while they possibly dont really believe what they are saying
Those influential people you are talking about apparently know what they are saying and there is just one sentence for them. 'THEY ARE JUST BUNCH OF HYPOCRITES'.

Bitcoin is a threat to most of them and the level of disruption it will cause to the normal wicked and manipulative ways they have been doing things to their own benefit and I am sure no one will expect them not to try their best to push it down the drain. But as we keep understanding this gospel according to satoshi, then the community will keep getting stronger until they realize nothing can be done about it.
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October 12, 2017, 11:05:29 AM
 #28

I get a feeling that most of negativity comes from the fact that they don't really understand the principles behind the bitcoin. There are also some genuinely negative emotions from some people but you know how it is - like with any other issue in the world - some like it, some don't.
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October 12, 2017, 12:22:07 PM
 #29

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 truth is we cannot expect bitcoin to come to stay without a fight. The blockchain technology is disruptive which kicks again the usual manipulations and control of the government. However, little did they know that bitcoin is just starting and nothing will make it not to survive.

The negativity has been on since inception and there will be more to come and it is normal for a new technology looking at the past history of every technology adoption.

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October 12, 2017, 12:32:38 PM
 #30

There are several reasons why some people are negative to BTC.Some people just do not understand what is BTC and how it works,for them is it just some internet scam like many others for which they have heard.They have fiat and credit cards and hardly can imagine anything better.

Governments also not like BTC only for reason they can not control them,collect tax or stop money laundering.Also big players better like to make money with fiat,shares,gold or something like that,they know and understand it perfectly.On the other side BTC is something new for them,most of them not like it and they say it is bad,fraud etc.

We also have problem with ransomware which use BTC for ransome.BTC is not guilty for they use it,but it is connected and have bad reputation.Many time media say that BTC is digital money used by criminals.
It is up to the user how he uses it and if all these concern are serious to government they can put check and balance upon exchanges so that everything will remain crystal clear, don’t blame bitcoin for its negative use it is like surgeon’s knife which can be used for cutting through as well as for curing peoples. So it is totally up to user and its transactions can be controlled.

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October 12, 2017, 08:14:03 PM
 #31

Bitcoin needs to find a way to scale! Thats why the community has been arguing for the past 2-3 years... I dont think it has much room to grow if it continues as a 1mb blockchain, only 3 transactions per second is not enough to even scratch the surface of mainstream adoption unfortunately
You are very right and a lot need to be considered with this options. I still do not know how the LN will end up playing out once segwit2x gets on board but for now, mainstream is not just an option. This however is not the main reason behind the nasty things being said about it except for just some level of hatred which I believe will end up being a thing of the past one day when the whole world realizes it is unstoppable.


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October 12, 2017, 09:24:40 PM
 #32

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 have a feeling that the financial executives are coming out with bold negative statements about Bitcoin to cause a small dip and then they go ahead and purchase that dip. They probably see promise in the coin, so when they have the smallest opportunity to drop the price and come in as whales, they'll do their best to do so.

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October 12, 2017, 09:30:25 PM
 #33

Bitcoin create an avenue for money laundry most especially from the developing nations to developed world. Men of the under world patronize Bitcoin because most of Bitcoin transactions cannot be traceable easily. 
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October 12, 2017, 10:10:24 PM
 #34

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.
Because people always want to spread lies and negative thoughts when they are not aware of what is happening and what is the trend all about, it is a human nature that we always judge fast even though we are not clearly understands the root cause of what really happens. And most of the time people believes what is bad and malicious as long as it is catchy in their minds even though it is not true or no reliable sources supporting that thing.

Quote
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........
Because most of this executives knew that their businesses or jobs in the future will affect by Bitcoin's growth in the future, so they will do what they can do to stop it even if they make themselves look stupid.

Skepticism of the future of bitcoin is one reason for the negative criticism around and as rightly said, the executives are the culprit.

The executives fall in the category of the affluent and so, this group of wealthy people I suspect don't like the fact that bitcoin is at the reach of everybody and mostly benefiting the masses to get out of poverty.

Hence, they would do everything to pull this noble currency down but, the good thing is that it is not for them to control or determine, even the miners more-or-less belong to the masses.

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October 12, 2017, 10:15:48 PM
 #35

There is too much negativity around bitcoin but this is so common nowadays, because without those people bitcoin will never have downsides on the charts.
but i agree with the other user who said that in the moment that banks decide to start the war against bitcoin, it will be the end, because those kind of people are the first who will start to spread FUD about it, and they will make the price go down a lot, if it is not dead..


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October 12, 2017, 10:26:14 PM
 #36

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 negativity of bitcoin maybe is the the way how people deal with it. There's no problem for the currency but people tend to be rush of everything especially in earning it. The way how it works makes it worthy enough but most cases are the problem from people who hoard a lot for money without thinking of others feelings. As I've noticed,bitcoin are increasing of numbers of people as well as numbers of scammers who give speculations that are not helpful. Sometimes they mention nasty things which are irrelevant and no point of view at all. So if you are loyal,keep your loyalty don't think about the haters they just want to criticize and make fun of us. In ither words,they just don't know how to bring down the name of bitcoin.

Technical problems are more important for me. Remember how slow the blockchain transfers and how high the blockchain fees. This two things are making a negativity around bitcoin and its users.
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October 12, 2017, 10:43:34 PM
Last edit: October 12, 2017, 10:57:51 PM by Hydrogen
 #37

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.

My impressions are, when experts in the media discuss inflation, the economy, healthcare, job markets, minimum wage, gun control, the war on drugs, deficit and taxes. None of those people have the slightest clue what they're talking about on those issues, either.

Legitimate journalism may have died a long time ago. Now all that remains are agenda based propaganda campaigns which serve as mind control, smears and misinformation designed to influence people into supporting the goals of elites moreso than anything else.

Bill Clinton passed the telecommunications act of 1996 which allowed the media to be extremely centralized, owned and operated by a group of centralized private sector entities. After that everything started to go downhill but its only recently that this has become obvious enough for many to realize it.

This is a good example of how the media is heavily centralized and scripted:

https://www.youtube.com/watch?v=u2dJxiDkcjA

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October 12, 2017, 10:47:26 PM
 #38

They're all just trying to manipulate the price or there are just people who want some juicy headlines for the media.
Overall its a very hyped and risky investment that garners a lot of interest.
There are a lot of haters and positive news about btc.
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October 12, 2017, 11:30:25 PM
 #39

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........
In my opinion, Bitcoin's downside is its volatility and being not legal to most of the countries. Its volatility serves as a risk for its users and investment especially whenever its market value decreases. And its issue with regards to legalization limits the people to use it as a currency or to buy things with it. But in the future, it is possible that it will be legal to most countries and its volatility will be lessen making it highly stable.

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October 13, 2017, 12:01:53 AM
 #40

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........

People tend to be skeptic when they hear something that has high value. In fact I am one of those people who would have doubts if a certain investment would have a significant increase in value in a short period of time. I would immediately think that maybe it is a scam because I do not know any investment like that before. When I read about it further, I understand that I just immediately conclude without studying it further. I am glad I look into it further or else I might have misses an opportunity of a lifetime.

For those financial executives, they are just afraid they might lose their businesses because digital currencies are threat to them so they decide to team up with government to put down this currency but then it would come back always stronger.

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