Why are so many people against bitcoin?

[Xiomara]

Many analysts believe that btc is really a bubble and when it bursts no one can guarantee that you will return your money,
all bitcoins don't belong to anyone.

[pdutta]

Many people are afraid because bitcoin is not tangible currency. They do not know about virtual currency.

[plasmafrog75]

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?

I think the good side of Bitcoin is not well known, they just listen to the bad rumors about Bitcoin probably because of that a lot of people are against Bitcoin, the bad guys about Bitcoin continue to spread the word. Others, and so on, so many now oppose Bitcoin

[dyewic]

Undoubtedly,bitcoin is a significantly revolutionising currency and there is nothing about feeling hatered with it.
Some people may be unaware of its privileges, or getting jealous over success of its traders, that's why they seem to feel against bitcoin.
Looking forward, they will surely change their mind when all nations mark this as legal currency.

On my opinion I think that, There's still a lot of people who are against or do not believe in bitcoin and what I think of is it is because of the risk of security. I even tried to discuss this with my friends at work and they do not believe that they can earn money in bitcoin even without any investment. In addition, People are always saying negative things about bitcoin because they don't know it's function and also sometime people just want to dump the price of bitcoin. But I also agree on your opinion that, Bitcoin is a significantly revolutionising currency and there is nothing about feeling hatered with it. And Some people may be unaware of its privileges, or getting jealous over success of its traders, that's why they seem to feel against bitcoin.

[moetimas]

because the price fluctuates and also considers bitcoin is just a phenomenon that may be temporary and then disappear. and for countries whose regulation does not legalize the existence of bitcoin, they will warn their people to stay away from bitcoin (because it could endanger the economy). I think this is the reason why there are still people who are against the existence of bitcoin.

[AntonGrishko]

People are against bitcoin as they dont understand the true potential of cryptocurrencies and blockchain. They think bitcoin is scam or pyramid.

[CryptoMark2585]

Actually many people does not like Bitcoin, Because they think it has some negative site , such as they think it may be hack able, it may violent the rules of central bank, it reduce the paper money and so on.
For the above reason they think that Bitcoin is harmful for the economy as well as society.

Thanks 

[CryptoCadence]

Warren Buffett (FOUNDER, BERKSHIRE HATHWAY)

“Bitcoin is a mirage, stay away from it. The idea that it has some huge intrinsic value is just a joke in my view.”

“In terms of cryptocurrencies generally I can say almost with certainty that they will come to a bad ending. Now when it happens or how or anything else I don’t know.”


This just shows Warren Buffett does not understand cryptocurrency at all. source: https://www.bloqtimes.com/famous-powerful-people-negative-views-bitcoin/

[jess04]

Because they don't understand the true meaning and value of bitcoin, And how in the world they going to understand it all about bitcoin, For me I know bitcoin can help us many people to earn and more more knowledge so they can easy to have big profit.

[Asuspawer09]

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?

You cannot please others to hate or love something just like bitcoin. So does how other accepted it. It took time and a lot of proof to accept that it is fine and worth it. What made people look at it in a bad matter is how others use bitcoin in a bad way. So does them or us, being anonymous,  will be keep hidden. Which means no one would know what they are up too.

[azker]

it makes sense for many people to fight bitcoin because of lack of knowledge about digital currency system and so far don't get the government's serious support for bitcoin development, but I believe bitcoin will become more popular and dominate every transaction using this digital currency. Because we know great benefits of bitcoin in addition to convenience of transactions also provide a great advantage if we can take advantage of every opportunity that is on bitcoin

“ but the online currency can not be seen or felt” what about PayPal? What about local bank’s internet banking facilities? What about online wallet systems that are there?

[Satish147]

Anything which is unexpected always surprise the experts to not believe in that and something which is giving huge returns in months is always Ponzi in view of most of them. So most of them are hating Bitcoin

[Joshapat]

People against bitcoin because they are threatened with bitcoin strength, of course they are competitors from bitcoin for example from financial institution, online payment system like paypal or perfect money and so on, the rest is they do not know about bitcoin.

[Choy13]

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?

Many people against bitcoin because bitcoin is a so-called virtual currency that has been devised for anonymous payments made entirely independently of governments and banks. In recent years, Bitcoin has generated a great deal of attention on several fronts.people wants also attention always so that they don't want bitcoin in a first place. There is no central Bitcoin issuer because the value units are created automatically in the network. We all know that the network is connected to the people, this is why people against bitcoin because of a lot of issues and flaws in the world.

[spooneds1]

they are still people who dont believe about bitcoin and also they think bitcoin is a scam. they dont know the value of bitcoin and what it can do. many people already helped by bitcoin, it gives people a opportunity to have a profit for their own business. people also dont trust the security of bitcoin if you invest on it.

[xamxam]

i think there are many people who against bitcoin do not know the good side of it, bitcoin is now rising the population because even there are people who against bitcoin, but there are believers also that this is the answer to there prayer to have a good life and to help them in financial aspect. i think the people who against bitcoin is also a victim on scam which they don't have a time to study a bitcoin before they act in a wrong way.

[t4zm4ni4z]

Some people who oppose the existence of bitcoin are primarily banks and governments. They do not much like the fact that bitcoins are decentralized and can not be controlled or taken over, and they are afraid of growth especially the bank because it can beat some bank needs like money storage and so on.

[zedrickjuls]

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?

There are some people don't believe or against bitcoin maybe because they do not know yet what they can get in bitcoin and they do not know how huge the profit when you invest in bitcoin and maybe some are scared to be scam.

[Saveplus]

People against bitcoin because they are threatened with bitcoin strength, of course they are competitors from bitcoin for example from financial institution, online payment system like paypal or perfect money and so on, the rest is they do not know about bitcoin.

Some people has no knowledge about cryptocurrency they were againts it because they know it was scammed and cannot be helpful to anybody else.They are not open minded of what bitcoin can gave to us if we work hard here and understand the digital currency.And some people dont want the decentralized system they always depend on the bank they are scared to invest on it due to some looses and no secured .

[2taps]

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?

Many people against bitcoin because bitcoin is a so-called virtual currency that has been devised for anonymous payments made entirely independently of governments and banks. In recent years, Bitcoin has generated a great deal of attention on several fronts.people wants also attention always so that they don't want bitcoin in a first place. There is no central Bitcoin issuer because the value units are created automatically in the network. We all know that the network is connected to the people, this is why people against bitcoin because of a lot of issues and flaws in the world.

I think most of the people are against bitcoin because they don't know anything about it and they heard that a lot of people got rich by it in a few months witch they don't believe. Now that the bitcoin has got more attention because it almost reached 20k people who didn't accept bitcoin now do because they know they can make a lot of money out of it.