Why are so many people against bitcoin?

[zein1111]

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?

Layman's insecurity that is the reason why they hate it. They cannot hold it in their hands. It is intangible. They like holding paper, coins and plastic cards. All the old world stuff makes them feel comfortable. Bitcoin makes them uneasy and jittery. For they are not making any efforts to study it.

ur stupid to think that someone will sell his bitcoin for less 3 tx or 4x its exchanges and alts who getting free bitcoins from people who also forced to buy with bitcoin ....and also the mining how many billions has to be made for those people so bitcoin can be stable never the more usd u bring the more they gona sell it .....they getting almost free bitcoin it only takes 1000 bitcoins to damege the prices and gues how much exchanges and alts scamming people everyday ofcourse bitcoin is heading to maybe 100 bucks wait and see

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[yanlap]

Unlike other investment avenues, cryptocurrencies are not regulated by government entities or banks. “There is no authority like Sebi that you can approach for grievance redressal,” says Vikram Pandya, Director, Fintech, S.P. Jain School of Global Management. Sharma concurs, “If we buy something with a credit card and get ripped off, we can call the bank and ask to be compensated. But if we get ripped off in a bitcoin transaction, it is impossible to get the money back.” As Pethe has realised a  ..

There is no doubt that there exists a lot of frustration among the people who want to remain loyal to their countries law and at the same time loosing the profits from the opportunities of the bitcoin. The issue is simple that if they ever fall in some trap in the crypto world, there wont be anyone to rescue them and they might end up getting other charges from the authorities on them. So the confusion is prevailing and it has no end.

[Crazygreek]

People don't like crypto because can't understand it. They are probably stupid or just obstinate people that can't take alternate things and think only one way.

[reshmiraa]

I think lot's of people do not know deeply in bitcoin. That's why they can not trust this coin. And suddenly it's value goes to too much high and that thing many people shocked. Last year bitcoin prize around 1000 dollar but nowadays its very high. And one thinks you must notice that some country's banned bitcoin. Bitcoin is an online currency and people do not feel 100% secure in this field. I think one of the reasons this is.

[risa33]

In my opinion, the old people do not want to take risks in traders because Bitcoin prices are very volatile, where prices can change significantly over time, and they do not want to understand what Bitcoin means.

[fortuneteller]

Maybe for the reason that bitcoin is still a stranger to them. They are still not knowledgeable of what bitcoin csn do for us. "You cannot love someone you do not know" right? If they'll know what could bitcoin bring then they'll be able to accept it.

[lisasteca]

Bitcoin can hardly be placed under the control of governments and big speculators so it is accused of all the faults of our society such as fraud, terrorism and tax evasion.

[Loveaaronbaby]

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?

The COINS are not recognised by governments around the world, so the people in these countries is more easy to bad influence on the currency, they will follow the government's opinion about the currency is a scam

[SHUNNO]

People who are neighboring to bitcoin actually illiterate roughly bitcoin. They are always conflict that know every single one but they don't. They even don't know it is genuine child support.  Most of them who are neighboring door to bitcoin actually have gotten incorrect recommendation and didn't regard as flesh and blood thing . So set aside them melody the world is re unaided digital currency in near far away away ahead. Then they will just disappointed why they adjoining it and as well as why didn't earn some bitcoin.Bitcoin is always legitimate maintenance.

[JoshMart]

It is not really against it, maybe they are not just open to adapt to new technology. Some people doesn't believe on things that are intangible that's why they are not into digital currency, they want things with value that they can hold physically like, fiat money, gold, land, etc. There are others who are really not friendly to Bitcoin because it is a threat to their businesses like banks, money transfers and other financial institutions.

[Ericparker]

Agreed, lots of people are against and doesn't believe in bitcoin, because first they don't aware about it e.g. cryptocurrency, blockchain etc. Also, it is because of risk of security so they don't want to invest in bitcoin

[taeewo]

The issue is just many government of each countries has not adopted it because of the threat some of them think bitcoin can bring as it decentralized and also anonymous transactions which can be used to launder without traces and government always against AML..

[bryant.coleman]

The issue is just many government of each countries has not adopted it because of the threat some of them think bitcoin can bring as it decentralized and also anonymous transactions which can be used to launder without traces and government always against AML..

Anonymity is no longer the main factor, as there are a number of altcoins in existence which are even more anonymous than Bitcoin. Anyway, with the recent price crash, I don't think that a lot of people would be looking forward to launder their money using Bitcoins.

[BTR Community]

Indeed,I personally think that governments will eventually be forced to accept the concept of cryptocurrencies the same way the US government has had to accept both marijuana and guns; there’s just too many people owning and using these things for them to ever be made illegal in any practical way. Bitcoin (or some other crypto like Ethereum) will be the same.

[rodicadior]

Many people want to get quick profit from the bitcoin When he took, but he never wait watch bitcoin price and he/she want to sell quickly , This is reason for then he/she blame bitcoin. but they don't know many people earn from bitcoin.

[sjdk]

In fact, many criminals are using bitcoin to engage in illegal activities and launder money. Most people are worried about the negative effects of Bitcoin, but their focus is not on good places! I believe that one day they will pay close attention to Bitcoin!

[sacred32700]

So many people are against in using bitcoin because some of them says it can cause to much electricity etc. but they do not think the positive way of having bitcoin and using it.

[BTCsuccessor]

Yes, 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.

people we do not understand, we can't trust the bitcoin. Do they really harden it?

[emanjun]

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 it is because they already tried being scammed or hacked. They are against of bitcoin because they never tried the life chanhing effect that bitcoin. We cant blame those who are against in bitcoin beacause I think they are just thinking for the safetiness of their money. Being careful is a good habbit but we must have our own research before we judge something.

[troglobait]

I think that against BTC, only people who do not understand what kind of technology it is. Those who think that everything around is a hoax. as a rule, they are not very smart and wealthy people.