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Author Topic: Why are so many people against bitcoin?  (Read 18477 times)
Dine19
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November 30, 2017, 03:50:34 AM
 #941

It is some of people heard a fake new against bitcoin and some people believe bitcoin is a scam but in my mind bitcoin is the best way to success for the future for us.You need to learn bitcoin for your understanding then you said what are you saying to bitcoin?don't judge bitcoin  Undecided
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reck1ess
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November 30, 2017, 03:54:40 AM
 #942

Maybe they are not against bitcoin, maybe they only hate it for missing the chance to buy before the value gets high or if ever they are against it is because bitcoin is just a digital currency.

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November 30, 2017, 04:19:01 AM
 #943

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's the thought of them (the govt, others in power) losing power and losing their control on markets.
care2yak
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November 30, 2017, 04:30:44 AM
 #944

Many people are against bitcoin because they are influenced by those who oppose decentralization and are pro-regulation.

Traditional businessmen and women, bankers, old oligarchs who are ignorant of cryptofinance, and some government leaders are afraid of losing control of how money flows and so, they spread fud about bitcoin in the news. Some people listen and spread the same fud, not caring to deal with their ignorance and seize the amazing opportunity offered to them. Very little listen and allow themselves to learn possibiities in the cryptoverse... like this bit of news for example: http://business.inquirer.net/241672/filipinos-warned-vs-bitcoins-cryptocurrencies
tranquangvinh
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November 30, 2017, 04:32:24 AM
 #945

In fact, there are still a lot of people against bitcoin, they do not believe bitcoin because they do not have much information about bitcoin,
if someone does not have information about something, they certainly will not believe it. I talked to my parents about bitcoin, they were
 really scared of it and advised me not to invest in it.

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November 30, 2017, 04:34:35 AM
 #946

I think people are against on the things they havr no knowledge of. They feel threatened because it might ruin their peaceful lives. Bitcoins are trying to address the problems regarding real money like the transaction fees and middlemen. People are against bitcoins they can't handle bitcoins as a whole.

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November 30, 2017, 04:35:53 AM
 #947

Because most of them thinks that Bitcoin can be hacked nor steal by just a single programmer. And thought it was a scam.

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felixando
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November 30, 2017, 04:42:02 AM
 #948

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?

There will constantly be people against bitcoin, just as there are people against fiat, gold and anything that has value, its simply a difference in opinion, i just respect there opinion and move on, easy done.

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nerverd99
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November 30, 2017, 04:58:21 AM
 #949

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 are less understanding of the nature and workings of this cryptocurrency.Some people may be unaware of its privileges,
Bitcoin makes them uneasy, it is because of the risk of security.
Gladz29
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November 30, 2017, 05:05:10 AM
 #950

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?

Its because more of people now its not yet know bout bitcoin, so they wonder what is used of bitcoin. But if their a chance that we teach other what is bitcoin and what is used of it. Maybe they understand and appreciate about bitcoin. So its not hard to used bitcoin because everybody can like it, know it and they love also bitcoin.
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November 30, 2017, 05:12:44 AM
 #951

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 due to the fact that people are poorly informed, misinformed, do not want to understand something new

Like what your obligation to pay taxes ?

https://www.neowin.net/news/coinbase-required-to-turn-over-user-data-to-irs

FUD first & ask questions later™
1discovery
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November 30, 2017, 05:19:16 AM
 #952

I think most of those who against bitcoin instead of hate or oppose bitcoin, but they do not understand about bitcoin, so they think negatively about bitcoin and the world of digital currency
Gudhal Untu
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November 30, 2017, 06:04:53 AM
 #953

The presence of bitcoin brings great blessings to many, but not a few are threatened by the business because of the presence of bitcoin, most of them are from financial institutions such as banks.

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seriin
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November 30, 2017, 06:09:17 AM
 #954

First and foremost the reason is that they dont know what is cryptocurrency thats why people did not understand how bitcoin works. People with limited knowledge on bitcoin have their doubts on investing their money in bitcoin.

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diegodos
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November 30, 2017, 06:10:02 AM
 #955

The presence of bitcoin brings great blessings to many, but not a few are threatened by the business because of the presence of bitcoin, most of them are from financial institutions such as banks.

The banking system is also affected. Since banks are for the most part live off the contributions of people of whom he pays a salary to its employees, maintains offices and more. So more and more people withdraw their deposits, as the Bank can offer only 5% per annum, and the bitcoin is growing annually by about 10 times. Sooner or later it will affect the banking system, I think.
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November 30, 2017, 06:43:44 AM
 #956

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.
Yes, people are afraid of it because of what theyve been hearing from other people and media who truly not know what bitcoining really is. There are people that are hard to convince not until they experience it. So i think, if these people who are against of bitcoin will know how to use it and will gain many opportunities from it, i think this bad idea that the bitcoin has will slowly disappear.

kalph22
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November 30, 2017, 07:04:18 AM
 #957

Yes, There are a lot of people against bitcoin, because they were scared of the money that they may invest be scum. Maybe they heared in news or other people that bitcoin is a risky investment and they just lost money. That's what I think they were against bitcoin. If maybe they try bitcoin or research a lot, maybe they will change their mind that bitcoin is a good investment of money and time.
igybadger
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November 30, 2017, 07:10:04 AM
 #958

We all know why central banks are so against bitcoin & all other altcoins, those of you who dont know, its because people are rejecting the printed notes made by banks and are adopting these cryptocurrencies.
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November 30, 2017, 07:10:33 AM
 #959

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?


Insecurities is the first word I think of, maybe, the fact that BTC is just in there and so many is benefiting from it and getting more than them. One more is, they are the people who regrets the decision they had made long time ago about bitcoin, they could not accept the fact that they have done a big mistake.

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Bryan13
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November 30, 2017, 07:19:30 AM
 #960

Because they do not know yet what is bitcoin, or how bitcoin works. If they will just read or learn about it, i think they will not against about bitcoin.
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