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Author Topic: Why are so many people against bitcoin?  (Read 18026 times)
Austin1950
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March 07, 2018, 02:30:24 AM
 #2201

The literacy of using the internet also makes people play away from it because of the potential mistakes on how to make it work or wrongly selecting the right button esp. when it comes to investments.most importantly bitcoin might be a quick way to make good money if you invest it which some people become jealous of the success that come out of it. they hate us because they aint us.Most people don't trust those innovations that don't have an permit or registration from any government regulatory bodies.
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March 07, 2018, 02:38:30 AM
 #2202

Basically,there are two reasons why people spread negative thoughts about BTC.either the person is ignorant about digital currencies or the person appears to be a whale in the market and decides to spread fud to cause price to fall so he can buy low.

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March 07, 2018, 02:46:46 AM
 #2203

the more people who fight bitcoin have many possibilities for one is that they are afraid that the investment they have made with fiat currency will fall out of favor with virtual currencies such as bitcoins that are currently on the cloud for investment purposes
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March 07, 2018, 02:51:48 AM
 #2204

Because of BTC invisible, scratching, in today's world, people still used to the Banks to issue currency, it is a question of ideas, but no regulation in BTC is to center, let a person produce fear, so the opposition.
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March 07, 2018, 02:54:09 AM
 #2205

Simply because they don't understand it. Once you start using Bitcoin you will appreciate it and even recommend it to others. Do not hate what you  do not understand - John Lennon. How someone is against something they don't even try?
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March 07, 2018, 11:24:20 AM
 #2206

Many people do not know what bitcoin is. They believe in the lies told by the media and the government. People do not understand that Bitcoin will be the currency of the future. However, as time goes on they will approach the crypto money idea and blockchain system with a different perspective.

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March 07, 2018, 11:40:35 AM
 #2207

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 don't believe bitcoin because they don't know what bitcoin is. Many people don't understand bitcoin and its currency. But if they once understand bitcoin and appreciated it surely they will recommend bitcoin to others.

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March 07, 2018, 11:53:39 AM
 #2208

I think those people are not aware about cryptocurrency.They don't even know what bitcoin is they just thought it is illigal or useless .
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March 07, 2018, 11:57:50 AM
 #2209

the more people who fight bitcoin have many possibilities for one is that they are afraid that the investment they have made with fiat currency will fall out of favor with virtual currencies such as bitcoins that are currently on the cloud for investment purposes

Yeah, bitcoin is now mostly used as investment purposes. But what government worry is cryptocurrencies arent backed by anything, not by gold not by diamond etc. It is purely influenced by sentiment.
But I am pretty sure bitcoin will strive in the next few years at least

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March 07, 2018, 12:08:32 PM
 #2210

the more people who fight bitcoin have many possibilities for one is that they are afraid that the investment they have made with fiat currency will fall out of favor with virtual currencies such as bitcoins that are currently on the cloud for investment purposes

Yeah, bitcoin is now mostly used as investment purposes. But what government worry is cryptocurrencies arent backed by anything, not by gold not by diamond etc. It is purely influenced by sentiment.
But I am pretty sure bitcoin will strive in the next few years at least
There is nothing to worry about because even the fiat money is not backed by anything so what is the difference in trusting bitcoin which is the more advanced type of currency compare to the fiat money which is old and very low in value since every year its value is slowly going down but the people didn't see it. With bitcoin they can just ignore that thing and enjoy the deflation in bitcoin and watch their money grows.

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March 07, 2018, 12:14:00 PM
 #2211

They are against bitcoin because they do not understand bitcoin, all they know is bitcoin banned in many countries and have no future so they do not care about bitcoin, if they want to know bitcoin then they will change their thinking.

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anahawjeff21
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March 08, 2018, 05:44:41 PM
 #2212

Maybe because they dont understand, and they afraid about the security, they trust the things they hold personaly like cash, and ofcourse the media, they always state the negative sides of bitcoin, even there are lots of advantages of having a bitcoin.

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March 09, 2018, 01:46:24 AM
 #2213

Maybe because they dont understand, and they afraid about the security, they trust the things they hold personaly like cash, and ofcourse the media, they always state the negative sides of bitcoin, even there are lots of advantages of having a bitcoin.

Mostly people I know love bitcoin because they understand very well how bitcoin help our economy. So far I haven't met of someone yet who hate bitcoin. Only those on the opposite side who hate it because they will always say something against bitcoin inorder for them to become the next famous cryptocurrency.

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March 09, 2018, 03:44:07 AM
 #2214

I don't think that they are really against Bitcoin. Maybe they just lack knowledge about it. These people they do not know the value and important of bitcoin in life. But in future everyone will understand what is the bitcoin but now it is hard to them to understand about bitcoin.

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March 09, 2018, 03:57:27 AM
 #2215

There's no way or reason to hate bitcoins. I honestly said they're unaware or maybe it might possible someone give them wrong information and that's why they start hating it. Before blaming bitcoin they should try it and i believe bitcoin will prove them wrong as if they invest in bitcoins, they will be in benefit.
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March 09, 2018, 11:16:57 AM
 #2216

There's no way or reason to hate bitcoins. I honestly said they're unaware or maybe it might possible someone give them wrong information and that's why they start hating it. Before blaming bitcoin they should try it and i believe bitcoin will prove them wrong as if they invest in bitcoins, they will be in benefit.
Bitcoin has no fault, the fault at here is by the greed of investor.
Many people want to have profit from Bitcoin while no one wants to becomes the loser Roll Eyes, it is against the rule of a financial market like cryptocurrency market.
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March 09, 2018, 11:19:10 AM
 #2217

Bitcoin is the godfather of crypto, you can either hate it, or love it. I love it personally.

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March 09, 2018, 11:22:42 AM
 #2218

Some people are against bitcoin, because they don't undersand what is it. The banks and most of the politicians hate bitcoins because it might affect their business.
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March 09, 2018, 11:57:54 AM
 #2219

Some people are against bitcoin, because they don't undersand what is it. The banks and most of the politicians hate bitcoins because it might affect their business.

In my country a lot of politicians are investing their own black money in bitcoins. This is the reason they have not made any law against the bitcoins here in 8 years as it will require shutting down all the local exchanges. They do not need to worry about the tax part as well as they have multiple servants and their KYC which they use for registering multiple accounts on these exchanges and then invest through these accounts. In countries where politicians are banning bitcoins, they are doing injustice to middle class which can benefit a lot from it.

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March 09, 2018, 11:58:32 AM
 #2220

I think many people are against bitcoin  because they do not want to know or accept it. They are less knowledge about bitcoin or they had bad experience that happened because of bitcoin. Even there are people that against it, there are still lot of people love it.

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