Why are so many people against bitcoin?

[Renu kapoor]

It is very simple that most of the people are not able to buy bit coins at
a very high cost so they are against it, but intelligents never think
like this and they are doing their work frequently.

[ICO Lancer]

The reason is lack of knowledge it think, or incorrect knowledge and bed understanding of crypto currency. People tend to be resistant to innovations and things they do not understand.

[engrlodi]

Yes many people is against to the bitcoin because of the risk. In bitcoin has a many risk on it. Like risk in security because here in bitcoin there is many of hackers and scammers so people dont realized that bitcoin is legit and we can earn money in bitcoin. Second one is the risk of trading, trading is the risky part in bitcoin because of we can lose money if you dont know the basics of trading and if you have no ptience in trading. So many people are against in bitcoin because of the risk of it but maybe someday they realized that bitcoin is good coin after all and a good investment.

[chiefthor]

I think that many people are against bitcoin is because they dont really know what is bitcoin. How does it work, how do you gain money , what is its purpose and why is it built. Other reason is that they are against cryptocurrency thats why they think of bitcoin as waste or trash. I think that are the only reasons why they hate bitcoin, they dont know much about it and some have trust issues when it comes to the security of their money

[Bella Thorne]

Because people think that bitcoin is fraud and that’s not true

I also dont know what is the best reason why there are many people are against in bitcoin, but i will give some of my opinion, i think they are against in bitcoin because they dont know the good effects that bitcoin will give to us, i think the people know is only the bad effects of bitcoin just like that bitcoin is can be used on scam.

[Brangos99]

I think why many people fight bitcoin, the possibility of someone working in a state financial institution like a bank, they think that bitcoin is a threat to them, for that reason they are against bitcoin.

[rancidgash]

Because people think that bitcoin is fraud and that’s not true

I also dont know what is the best reason why there are many people are against in bitcoin, but i will give some of my opinion, i think they are against in bitcoin because they dont know the good effects that bitcoin will give to us, i think the people know is only the bad effects of bitcoin just like that bitcoin is can be used on scam.

Bitcoin has a volatile price. This means that the value of your asset can both decrease and increase in a short amount of time.Bitcoin is considered a risky investment, but the potential of the crypto-wave is huge

[tikaka]

I think many people are against bitcoin because they do not trust bitcoin. They do not understand bitcoin is useful .. many people still think that traditional coins are still the best

[albert11]

I'm trying to understand why are so many people against bitcoin?  is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?

Most of the people, hate or against something they don't really understand or does not really have a knowledge about it. Up until today, some people think that bitcoin is still a scam and would just take your money anytime. It is also possible that the reason why they are against it is because of the risks of using it; a very volatile price and scams that they think is very dangerous than any other kind of business. Little did they know that if we all know how to maximize bitcoins ability, we can earn a lot from it.

[TonixGaming_14]

I'm trying to understand why are so many people against bitcoin?  is it the innovation that scares them? the feeling of staying behind? the fact that  money will go to the wrong hands?

Many are against bitcoin because they are bitcoin because it is bad influence to us. But don't afraid to bitcoin because you will understand and learn how to earn bitcoin Don't listen to the person against bitcoin. Feeling annoyed when your own money get by someone with wrong hands you earn it hard so keep you money safe and keep your eyes to the investor because it might get danger of your invest money.

[Baton55]

In my opinion some people hate bitcoin simply because they just don’t understand it. Probably they tried to invest their money in it and eventually got disappointed by the result. Or they are just jealous of people who took their chance with cryptocurrencies.

[SarahAfiah]

In my opinion some people hate bitcoin simply because they just don’t understand it. Probably they tried to invest their money in it and eventually got disappointed by the result. Or they are just jealous of people who took their chance with cryptocurrencies.

I think that only a few fools are acting on behalf of the rules. as in the government departments they speculate that bitcoin is a dangerous investment, I think that's a reason that does not make sense. I feel bitcoin is one of the biggest aspects for all people in the world to get more income and this includes the latest trn in the transaction

[jazmuzika217]

I'm trying to understand why are so many people against bitcoin?  is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?

Those who are against it bitcoin I guess is banks. And I think its natural to the banks to scared. Come to think of it, bitcoin doesnt need banks to transfer from one person to another. Theres no hassle to transfer funds unlike the old fashion bank way, you need to talk to the bank, wait for a few days before your money arrived or goes to your account. Bitcoin eliminate the slow transaction and set a new standards for it. Hurts but it is the truth. Theyre just scared. Most of them capitalist of financial banks.

[jak3]

There are a lot of reasons for the most important reason is most people and not well informed about Bitcoin so they get easily mislead about it. There are some people who do not know much about Bitcoin but still, they are spreading rumors and false information about Bitcoin and thus many people getting scared before even joining it. On the other hand, we have the dark web which holds almost 70% or 80% of the internet and is accepting Bitcoin as a payment. In addition to these problems, we have the transaction fees problem which is not been solved for a long period of time and still not have any time to be solved.

[Paycoinzzz]

I'm trying to understand why are so many people against bitcoin?  is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?

Those who are against it bitcoin I guess is banks. And I think its natural to the banks to scared. Come to think of it, bitcoin doesnt need banks to transfer from one person to another. Theres no hassle to transfer funds unlike the old fashion bank way, you need to talk to the bank, wait for a few days before your money arrived or goes to your account. Bitcoin eliminate the slow transaction and set a new standards for it. Hurts but it is the truth. Theyre just scared. Most of them capitalist of financial banks.

I think it is only one facet of payments and transfers in the world.
Do you think the government not invest Bitcoin?
I have some friends are the police but still invest Bitcoin more money than others, even that amount up to few million dollars

[Trela]

In my opinion some people hate bitcoin simply because they just don’t understand it. Probably they tried to invest their money in it and eventually got disappointed by the result. Or they are just jealous of people who took their chance with cryptocurrencies.

I think that only a few fools are acting on behalf of the rules. as in the government departments they speculate that bitcoin is a dangerous investment, I think that's a reason that does not make sense. I feel bitcoin is one of the biggest aspects for all people in the world to get more income and this includes the latest trn in the transaction

Do you know the source of profit you earn from trading? Market is only the tool to transfer money between investors. It always has loser and these loser will be useless in society if they can not keep calm. So, the government's anxiety is not completely wrong, it has absolutely reason to warn us.

[DaWidyaa]

I think why some people fight bitcoin, probably because they do not believe in bitcoin when investing in bitcoin they fear their property is lost.

[ico41]

I think that most people who are "Against" Bitcoin, aside from the obvious people like Jamie Diamond (and is he REALLY?), are people who never really had the protocol and what it does explained to them properly.  The media doesn't help much in this regards - that's for sure.  People writing articles and appearing on TV and making idiotic comments about Bitcoin with almost zero understanding.  I have tremendous respect for Paul Krugman - Nobel Winner in economics.  But the other day he said, "No one understands Bitcoin."  This is sad.  He perpetuates the myth that Bitcoin is not understandable.  This is one of the most fundamental problems. Lack of education / understanding.

[leonora galvan]

I'm trying to understand why are so many people against bitcoin?  is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?

because they do not know what bitcoin is,you must explain to them how good bitcoin is so that they will understand about bitcoin.then later on they will be the first bitcoin users.

[jokilax]

Bitcoin is digital currency,it is not handling by the any government and it not legal in some countries.people feels bitcoin is fake and not secured they are against about bitcoin.some people didn't have knowledge of the bitcoin.