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Author Topic: Why are so many people against bitcoin?  (Read 18125 times)
jirene21
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November 16, 2017, 07:52:11 AM
 #541

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?

Jealousy i think. Because other cryptocurrency are not famous like bitcoin

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November 16, 2017, 07:58:24 AM
 #542

Most people don’t understand it. Finally, and perhaps most importantly, a lot of people really have no clue what bitcoin is. But a misunderstanding about bitcoin, or a complete lack of understanding, could actually yield terrible consequences.
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November 16, 2017, 08:03:07 AM
 #543

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?


Maybe because of the insecurity attacks to them..And they don't accepted the real value that given by bitcoin and really because of the benefits what people receive. They thinking that bitcoin is a scam. So they get scared within..

Yamoto
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November 16, 2017, 08:16:52 AM
 #544

the fun thing is all crypto supporters claim about decentralisation and power of decision to the users, while the core of the crypto leaders are puting all their best effort to gain the most control of the crytpo market = $$$$  =  power of decision.

when BTC or BCH jump 20-50 -100% who do you think it profit the most ? to the people who can manipulate large amount of BTC at the right time ( before / after rides)

https://bitinfocharts.com/bitcoin/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ


Mining coins also start to be only the thing for giants cies, meaning decentralisation was really short . see who clear 90% of the blocks...

 Is not little contradictory?

Personally i think it is good that there is competition between coins, but they should all have a minimum of compatibility .
only few % of the population is familiar with crypto currency, going too fast in too many different ways is also nefast for the community.

Just take ETH and erc20, its getting really messy, ppls dont know what they are doing. products are half finish and security issues ( multisig ) and all can result on making more damages than good.


mark_salcedo618
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November 16, 2017, 08:19:29 AM
 #545

They do not know the real value of bitcoin and they don't believe change. As far as I know, being one of those non-believers (it was before, but I change), bitcoin will not be a currency in the future but now I realize that we have a hug and accept the fact that innovation is present at anything and anywhere
Laya Varghese
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November 16, 2017, 08:19:43 AM
 #546

Maybe they are not aware of the bitcoin importance because of lack of knowledge.
The bitcoin value variations and non-flexibility to convert back may also be a reason.

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November 16, 2017, 08:23:20 AM
 #547

I think many people are against bitcoin because they just don't understand what it is.

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November 16, 2017, 08:25:10 AM
 #548

They resist bitcoin because they do not understand what the benefits of bitcoin are. If they have little desire to recognize bitcoin, I'm sure they'll like bitcoin.

deean_3one
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November 16, 2017, 08:27:46 AM
 #549

So many people are fighting bitcoin because they do not understand what bitcoin is. They do not know how work and benefits are gained by joining bitcoins.

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November 16, 2017, 08:41:02 AM
 #550

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?

In my opinion, that's why many people still don't believe in bitcoin because bitcoin is not yet recognize all over the world. And I think many people already know about bitcoin,  but only few knowledge they had yet gathered about this. If this could be properly explained to them then there is a great possibility that they will soon believe in bitcoin and invest on it.

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November 16, 2017, 08:45:37 AM
 #551

 A lot of it is just due to mainstream media reporting fud and people just being misinformed and too lazy to actually read up in depth about bitcoin.

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November 16, 2017, 09:00:44 AM
 #552

I am not against BTC but situation occurred to me this morning, I tried to sent 0.01BTC (value 65$) and the fee is about 10-15$. I couldn't believe my eyes, what the heck. This is why BCH has a huge opportunity to become top draw coin, unfortunately.
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November 16, 2017, 09:09:38 AM
 #553

I am not against BTC but situation occurred to me this morning, I tried to sent 0.01BTC (value 65$) and the fee is about 10-15$. I couldn't believe my eyes, what the heck. This is why BCH has a huge opportunity to become top draw coin, unfortunately.

This is the biggest problem for bitcoin. Fee's are soooo high. So nobody can use bitcoin in their daily life...

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November 16, 2017, 09:12:07 AM
 #554

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 see many reson why other people against in bitcoin maybe because it is used by some people doing bad activities. we know that it is happen in fact the bitcoin crime is still up in the FBI . and the one reason that i see is being in the internet. because the bitcoin is alive only in online the others think that it is scam only because many in only was scam only.

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November 16, 2017, 09:22:48 AM
 #555

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 like a movie and the bitcoin is the hero and people like goverments against in bitcoin they are the enemy so dont panic for that because bitcoin will rise to all country and the bitcoin will going to win this situation because bitcoin is strong cryptocurrency.

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November 16, 2017, 09:32:07 AM
 #556

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?


So many people !! Where are they? It seems to me 5 or 6 ...
The value, People are looking for the value (Money). If you are meaning Jihan and Roger. They are trying to down Bitcoin in side and other side buying from the bottom.
They are know, The Bitcoin Core is the only and real Bitcoin.

 
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rayymat
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November 16, 2017, 09:32:45 AM
 #557

so , many people aren't against bitcoin, they are searching alternative that can be faster low cost and effective in confirmations. i don't see people against bitcoins
thebosskid
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November 16, 2017, 09:38:48 AM
 #558

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?

A webisite known as "Motley fool" recently published an article titled 4 Reasons I’ll Never Invest in Bitcoin. Its arguments are that:
Its anonymity is its own worst enemy.
If global governments discover that criminals or terrorists are using bitcoin to fund their activities — and at present there are very few checks and balances in place to weed out this sort of behavior — it could prompt a crackdown. If governments around the world instituted regulations that made it difficult to own bitcoin, we could see prices plunge.

It's response to this was that...
Yes, this is entirely possible. As I’ve talked about many times before, governments hate any form of currency that they can’t track, control, and tax. They hate cash and they hate cryptocurrencies even more. It’s entirely possible that some governments will make bitcoin illegal, though it’s just as likely that they’ll do what Japan did, and just surrender to it because so many people are using it.

Regardless, let’s say your government made bitcoin illegal. So what? Marijuana is illegal in most countries. Does that mean people don’t use it? Does that mean the price of marijuana is low?

Hell no! Indeed, many years ago, before marijuana became legal in my state, I strongly considered being a distributor. This was because I was seeing guys make as much as $4000 per day supplying this stuff. The fact that it was illegal drove the price up, not down.

So, if bitcoin becomes illegal in your country (which is a big “if”), you’ll still be able to buy it, and it’s value might actually go up.

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.
I agree with you if too many people own those things than even the government can do nothing anymore because if the majority of people invests and have bitcoins then how can someone from the government be bale to ban it nobody would like that and there would be protests.
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November 16, 2017, 09:42:15 AM
 #559

The fact that they don't understand how does the industry work. Some people tend to get envious and starting to hate the things that they can't understand, Bitcoin has a quite complex industry in which at some point they tend not to proceed. Also, fake news contributes to downsizing the reputation of Bitcoin in which these people who accuse Bitcoin as a scam and all the transactions are illegal makes potential and existing investors to leave and de-motivated to proceed because they're now afraid of what's going to happen with them after hearing such news.
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November 16, 2017, 09:45:42 AM
 #560

I think that every ay there is more and more supporters of Bitcoin. Of coure there will always be people who are against new things that they do not understand but I think that this amount of people is not really so big.
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