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Author Topic: Why are so many people against bitcoin?  (Read 19290 times)
teklang01
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April 05, 2018, 09:40:28 AM
 #2621

I think the people who are against bitcoin don't know anything about it. They don't really understand how the bitcoin works and how to make it as an investment, earning huge profits from it. They think it's just a fraud, a scam that steal money online.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Ampong2121
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April 05, 2018, 09:44:27 AM
 #2622

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 if we say investment people think that it is a scam, thats why many people are against bitcoin because it is investment and they dont know what about bitcoin so that they think its a scam.
melekseverce
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April 05, 2018, 09:53:26 AM
 #2623

I don't understand this suggestion. I don't think that a lot of people don't like bitcoin. Probably much more people just don't understand the point of BTC, but i think there is no hatred about that
isaevaen
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April 05, 2018, 10:03:03 AM
 #2624

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?


This is because of following reasons:

1) Media is spreading negative news about the bitcoins.

2) Some of the developers of other alt coins are also spreading negative news about bitcoins.
babu1989
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April 05, 2018, 10:05:15 AM
 #2625

Because they dose'nt know the value of bitcoin other reason is they dose'nt know nothing about bitcoin
people think that it is a scam. whey they know the value and investment benifts they will be in favour of bitcoin
PM.coins
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April 05, 2018, 10:07:23 AM
 #2626

So many people are against Bitcoin because they don't believe about the fact of bitcoin to trust. We know that insecurity is the cause of hatred and that's how I see them people who hate bitcoin. But, for now I believe bitcoin is widely accepted by more and more people.
elpsycongro
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April 05, 2018, 10:11:39 AM
 #2627

Because this is an open field of activity which is interested in more and more people because of its accessibility.I am sure that over time, the crypto community will grow several times

ICBCOK
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April 05, 2018, 10:33:31 AM
 #2628

There are many people that isn't against bitcoin but are totally dont have know about bitcoin i think they prefer local currency than cryptocurrencies.
noelanora99
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April 05, 2018, 11:05:45 AM
 #2629

Maybe, it's not that they are against bitcoin. it's their lack of understanding the way how it works, add up that people are too used to their physical properties, there is really helping it. And maybe cryptocurrency evaporating tendencies are too risky for them.
Ridwan Fauzi
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April 05, 2018, 11:17:04 AM
 #2630

There are many people that isn't against bitcoin but are totally dont have know about bitcoin i think they prefer local currency than cryptocurrencies.

It would be strange if some country who ban bitcoin because they don't understood about bitcoin. Before they have a decission to ban they will reviewing how bitcoin is, and reviewing how cryptocurrency work, and impact if they accept bitcoin and cryptocurrency as a payment or anything.

They do that and evenmore till they have decission to ban, the people in the government they are have a smart thinking. Government will maintain a national money, they afraid if someday they accept cryptocurrency and the society prefer to use bitcoin compared national money than be preconcerted the national money will burn in one time.
HimJum2
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April 05, 2018, 11:45:01 AM
 #2631

The first reason behind Bitcoin being so many people is that they do not fully understand Bitcoin, they do not understand Bitcoin, they do not study in bitterness, so that they know only to oppose, because they oppose Bitcoin, If they take bitcoin used to study to study, So I think that Bitcoin would be in favor of Bitcoin without opposing it.
sk700
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April 05, 2018, 11:48:14 AM
 #2632

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 peoples specially bank and governments of many countries don't like and accept bitcoin and etherum because bitcoin and etherum transactions they don't get any fees and taxes.
molenracing
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April 05, 2018, 11:56:11 AM
 #2633

I think people who fight Bitcoin are those who are new to Bitcoin. they do not know the truth about Bitcoin, they also do not know Use Bitcoin. so they dared to fight Bitcoin. try them in and play Bitcoin, surely they will not fight Bitcoin. because they know the true benefits of Bitcoin.
CJPEREZ
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April 05, 2018, 12:29:20 PM
 #2634

I think people who fight Bitcoin are those who are new to Bitcoin. they do not know the truth about Bitcoin, they also do not know Use Bitcoin. so they dared to fight Bitcoin. try them in and play Bitcoin, surely they will not fight Bitcoin. because they know the true benefits of Bitcoin.
Yes because of being lack of knowledge they have some people that hate because they have less information about bitcoin. The people that want to destroy bitcoin. But no one can destroy bitcoin. Government hate also bitcoin in our country they spread fake news.
kusach01
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April 05, 2018, 12:30:00 PM
 #2635

Many people are against it because they don't understand how it works. Few months ago some people I know who thought bitcoin is useless now do lots of transaction with it after giving them a proper explanation and showing them how bitcoin works. Others who are against bitcoin, just don't want to grow into the digital world.
Techno012
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April 05, 2018, 12:46:30 PM
 #2636

I think the insecurity of the value fluctuation is something that scares people. There is nothing to worry about the security of the technology and on top of that, Bitcoin is also offering several benefits over traditional fiat system so there is no issue of insecurity in the possession of the value. Since there is no central controlling authority, the possibility of anarchy is another reason to oppose for some people.
kalstarzz
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April 05, 2018, 12:51:06 PM
 #2637

there are many things that make a lot of people against bitcoin, among them;
1. they are afraid of bitcoin falling on the hands of improper people so they are afraid bitcoin in wrong use
2. they assume bitcoin only give advantage to kepda certain people just by reason of bitcoin price in manipulation
3. lastly they think bitcoin is not a safe means of investment ..
for that reason they are fighting bitcoin, but suppose they want to examine the bitcoin more deeply they will know on the plot of bitcoin.
Denifriska
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April 05, 2018, 12:59:17 PM
 #2638

I think the insecurity of the value fluctuation is something that scares people. There is nothing to worry about the security of the technology and on top of that, Bitcoin is also offering several benefits over traditional fiat system so there is no issue of insecurity in the possession of the value. Since there is no central controlling authority, the possibility of anarchy is another reason to oppose for some people.
jona
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April 05, 2018, 01:06:30 PM
 #2639

Because they believed it is and illegal and a fraudulent investment, also not everyone believe in the Internet money ,while the Government see it as illegal way of making money because it is not approved by them.
anam17
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April 05, 2018, 01:22:47 PM
 #2640


I think  you can not buy it at a high price, it is obvious that you are against it. Lower the cost and buy it at a cheaper price Why not? And what china did with bitcoin is a good example.
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