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Author Topic: Why are so many people against bitcoin?  (Read 19286 times)
mobilazy
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November 26, 2017, 05:16:22 AM
 #861

I understand them, so difficult to believe that somebody could make that much in so little time. But hey, their loose is our gain! More demand, higher price to buy BTC. Eventually demand will be so high and all early adopters will see profits which now only few people get. It could be an also sour grapes, not so many could spend few grand on bitcoin.

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November 26, 2017, 05:22:23 AM
 #862

Those people against bitcoin don't know how it works. How bitcoin help other people in so many ways. Lack of knowledge and information or not interested about it.

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November 26, 2017, 05:27:42 AM
 #863

Bitcoin is for the person who is smart enough and who like to make money with brains not by sweating out.  So people who are against bitcoin are not smart enough.  They don't know what is cryptocurrency and how it works. They just cannot feel the paper currency in their pockets which they are used to for their whole life.  So they are not actually against they are not clear as to how it works and may be don't want to understand.

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November 26, 2017, 05:30:31 AM
 #864

They fear bitcoin because they dont know anything about it. Its potential, its innovative characteristic, and its versatility.
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November 26, 2017, 06:46:50 AM
 #865

Many people are against Bitcoin because they afraid to invest money on it because the rate of Bitcoin is not stable. And also many people don't want to understand about Bitcoin because it is a virtual currency and people don't have faith on it.

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November 26, 2017, 09:27:10 AM
 #866

Many people are against Bitcoin because they afraid to invest money on it because the rate of Bitcoin is not stable. And also many people don't want to understand about Bitcoin because it is a virtual currency and people don't have faith on it.

Is there a connection between volatility and the resistance/refusal of users to use bitcoin? I think there is none. I do believe that some of them are victim of scams in the internet already, some also keeps on listening to hearsay, when someone told them that bitcoin is a scam, and some really just don't have a knowledge about this thing, that is why they are against.

Those that don't have any knowledge about bitcoin should be educated by those who know, otherwise, they will always believe that bitcoin is something that they should avoid.

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November 26, 2017, 09:42:38 AM
 #867

I think it's fear of the price
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November 26, 2017, 10:01:49 AM
 #868

I think that most of the people who are against bitcoin are the bankers and officials belonging to financial firms and government sectors.They are already upset with gigantic growth of bitcoin and they have started to face loss in their revenues.They express their views against bitcoin by tweeting and by spreading FUD against bitcoin.Some people are illiterateand they actually don't understand the technology behind bitcoin.So,they just blindly oppose bitcoin
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November 26, 2017, 10:19:50 AM
 #869

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?


Lack of understanding about bitcoin. When it comes to money, people trust is way to hard to get, some of them automatically think it was some kind of fraud. I also agree that other people accept the fact that they are too late to invest, for reason that bitcoin now is soaring high it was $8250 already and the price is kinda expensive. Another one I agree with is the innovation, some people especially the bank and the governments are not ready to accept the possibilities that bitcoin is going to be the official currencies in the near future they are afraid that someday fiat will be taken over by BTC.


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November 26, 2017, 05:24:02 PM
 #870

Some people against to the bitcoin because they are have no knowledge what bitcoin is and the diversification or the culture where other people live is also a factor. 
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November 26, 2017, 05:27:47 PM
 #871

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?


Lack of understanding about bitcoin. When it comes to money, people trust is way to hard to get, some of them automatically think it was some kind of fraud. I also agree that other people accept the fact that they are too late to invest, for reason that bitcoin now is soaring high it was $8250 already and the price is kinda expensive. Another one I agree with is the innovation, some people especially the bank and the governments are not ready to accept the possibilities that bitcoin is going to be the official currencies in the near future they are afraid that someday fiat will be taken over by BTC.




Yes that's right, Lack of understanding is one of the biggest point why bitcoins are being refused of the other people to invest. In my opinion maybe when there is a good orientation of bitcoin or seminar then some of the people might convinced to invest in bitcoins.
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November 26, 2017, 08:02:51 PM
Last edit: November 26, 2017, 08:18:50 PM by South Park
 #872

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 lot of people are afraid of the unknown they do not want to learn anything new if they can avoid it, that is why many old people are too set in their ways since they do not want to change, also they see change as something risky since bitcoin is something completely new that has never been tried before so they are afraid to invest any money on it.

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cluit
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November 27, 2017, 10:59:19 AM
 #873

A lot of people are against bitcoin because they don't have any idea what it is all about. The thing that is fixed on their minds is that, butcoin is a scam. Maybe because of the involvement of money that circulates.
Yes lack of knowledge is the main reason of the hatred, they believe what they listen from here and there and  do not try to seek proper knowledge, the are not properly guided that is why they do not believe it. We need to guide them and educate them properly, share our achievements with them and help them in finding some promising projects so that they could also enjoy the blessings of bitcoin.
Lack of awareness about the bitcoin amongst most of the people is the main reason which is causing lot of doubts in the minds of number of people. The ones who are having a fair idea of what bitcoin actually is are really enjoying the perks of investing their money into bitcoin. This is a very long marathon and it will for sure take lot of time for people to understand this concept in a better way.
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November 27, 2017, 11:27:58 AM
 #874

I think people are not scared with bitcoin, but most of them still confused with this bitcoin
They still confused about what can be done using bitcoin and how it works

Not just confused that haunts them because they also feel a sense of low knowledge about Bitcoin. Wink
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November 27, 2017, 11:39:34 AM
 #875

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?


It is simply because they don't have enough knowledge to deal with it. We believe on Bitcoin because we try to be part of it but if not we will be still against it and consider it as a scam. We cannot blame others if they don't believe in bitcoin as long as they are free to decide on what they should believe.

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November 27, 2017, 11:46:00 AM
 #876

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 they dont have enough knowledge in bitcoin thats why they are all against. they need to be a risktaker in starting bitcoin but bitcoin is profitable currency i surely reccomend because i earn lot from bitcoin
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November 27, 2017, 12:11:43 PM
 #877

I could say maybe it is because of fear that "bitcoin is a fraud"
Well, I used to have that fear but seeing a someone who is onto bitcoin earning money while sitting, I got this notion "Why should I not try this?" In order to learn one must take risk. In order to earn money, one must take the risk. It is very obvious that the more you earn, the more risk you take. You just have to have that gut to be aggressive and try things out. Let's get out of that conventional way of thinking and let's explore new things. Many may have been against BITCOIN, but as one those (before), I can say that it is not something to be scared of or feel bothered at. It is something we can try and enjoy a long time.
If we talk about the common people then most of them don’t understand the idea of crypto currency and find difficult figuring out how they can use it for their own benefits. However Government and banks have their own reasons for defaming Bitcoin. It is a potential threat to them.

If people will start saving their money in the form of crypto currencies then banks are as good as dead and will lose their control over our money.
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November 27, 2017, 01:38:32 PM
 #878

I wouldn't say people are against it. Investing in Bitcoin is a risk, and those who can't take that risk is naturally averse towards it. They also know money could be had by investing, so they could have some jealousy or resentment towards those who took the chance. Basically sour graping. No one really dislikes innovation, especially since no one is forcing it down their throats.

Some governments are against it though. Its decentralized nature makes it hard to control and regulate. They're probably the ones afraid of money falling into the wrong hands via money laundering, illegal sales, etc.

Technically true, people are not against but afraid to take the risks. Like in putting up a business some people would think first "what if i fail? Where i am if that will happen?" and such. See they even did the first step but their minds are full of bad and negative thoughts. Just like here in bitcoin without seeing the positive outcome first, people will not going to give it a try because their mind are focused on it's negative outcome. People in everything we do in our lives consequences are always in it, it's up to us on how we are going to deal it.
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November 27, 2017, 01:44:13 PM
 #879

I think a lot of people just don't understand it, so they believe the negative rumors like it's a scam.
Other than that, I think they are scared because they've been lost money because of networking and I guess, they think Bitcoin as networking that will get their money too after they invest.
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November 27, 2017, 01:48:01 PM
 #880

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?


Some people against bitcoin because they have bad experience from it. People against bitcoin because they lost their trust from it. Maybe they just have scam on a network investment site or the money that they invest is not earning profit but their profit is loss. Every people have a strategy on how they can finish or achieve what they want. So it depends on people whether they trust or not.
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