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Author Topic: Why are so many people against bitcoin?  (Read 19290 times)
AmeSakibimasu
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October 15, 2017, 02:30:38 PM
 #61

Because people thought that bitcoin is scam but it is not, mostly the Government is the one who hates it for example is china , they have banned ICO crowd funding with their own personal reason. The other reason is they been scammed for so many times that is why it change their perspective on bitcoin.
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ubay
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October 15, 2017, 02:32:07 PM
 #62

A good question, I think many hate bitcoin because they can not know its potential. The same as the internet, bitcoin will creep up and will be known more people day by day.

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October 15, 2017, 02:33:24 PM
 #63

I think they not against bitcoin, but they don't know what is bitcoin?, why they must joint bitcoin?. Else some people don't believe it.
Or their country not allowed bitcoin, just that. Because of that reason, I don't thing so they against bitcoin.
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October 15, 2017, 02:33:42 PM
 #64

To understand Bitcoin you need to understand money. Hardly anyone understands money even though it completely dominates every life out there.

The people who are entrenched in the traditional money business are most vociferously against it because they know it'll expose their operations as the fraud they are.

Here's the relevant Henry Ford quote - "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Then there's also good ignorance and resistance to change. And let's not forget the straightforward jealousy of early adopters.
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October 15, 2017, 02:35:00 PM
 #65

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?


They are skeptic of bitcoins. There goes the saying that if it's too good to be true, it would be a scam. I cannot blame them. They are not that kind of people who accepts the risks and wait for a long time. They are the kind of people who work from 9 in the morning to 5 in the afternoon. When you invest in bitcoins, you need patience and timing. That is what they don't fully understand.
i agree. People are afraid of what they dont  understand. In addition to that, media coverage of bitcoin is quite on the negative side. Plus the comments made by the banking leaders, people who do not understand will really be against it.

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October 15, 2017, 02:38:04 PM
 #66

I guess that's because all the people are scared and do not trust bitcoin. especially with investing and trading high risk, so they do not want to spend money just for this bitcoin.

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October 15, 2017, 02:39:51 PM
 #67

The majority of people whom are against Bitcoin are the ones whom are either uneducated of threatened by its existence. I am confident that many of those who are uneducated about Bitcoin would most certainly become supporters if they fully understood its capabilities.

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October 15, 2017, 02:44:27 PM
 #68

I think they against because bitcoin the earnings here is not big like the earnings in there country like if your job in real life is a manager in fast food you dont need bitcoin because you earn big by that or your job is not connected in bitcoin and if bitcoin go high your job will be gone thats why they against

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October 15, 2017, 02:44:28 PM
 #69

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.
eh... dunno about that one. we live in a world where most of our money isnt even physical, its all digital numbers (in total, not just for the individual). as for credit cards, they're not worth anything themselves, its just a worthless piece of plastic with a mag stripe and maybe a chip. it serves as a way to access your money when used with a card reader. we dont even 'own' movies or games anymore for the most part, it's all digital downloads and streams. your logic here doesn't really hold when you look at the bigger picture here; this isn't the reason people don't find bitcoin secure, it's their lack of knowledge and resistance to change.

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?


They are skeptic of bitcoins. There goes the saying that if it's too good to be true, it would be a scam. I cannot blame them. They are not that kind of people who accepts the risks and wait for a long time. They are the kind of people who work from 9 in the morning to 5 in the afternoon. When you invest in bitcoins, you need patience and timing. That is what they don't fully understand.
i agree. People are afraid of what they dont  understand. In addition to that, media coverage of bitcoin is quite on the negative side. Plus the comments made by the banking leaders, people who do not understand will really be against it.
i reiterate this point quite a lot when questions similar to op's comes up, sums it up quite nicely.

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October 15, 2017, 02:47:30 PM
 #70

So many people are against Bitcoin because they don't want to see it succeed. Most people are in the older generation and think they know what's best but that's not the case with tech.

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October 15, 2017, 02:55:34 PM
 #71

people who fight bitcoin,
chances are they do not know the use of bitcoin and if those who know bitcoin just from someone's talk. because they do not know how to use and how to produce it.

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October 15, 2017, 02:56:16 PM
 #72

They are incapable to spend or their self-reliance comes down and may be their company will go down. Most of the those who works in Government will be envious because the compensation will be low for them even taxes.

As far as I can say these doesn't want to see Bitcoin and they want to run their fraud company. I think Bitcoin will crack so many factors later on, let see what will occur in 2018.

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October 15, 2017, 03:03:35 PM
 #73

of course many people are afraid of losses that may be natural because they do not yet understand about bitcoin
if you understand will definitely lose that fear and will instead be addicted to bitcoin

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October 15, 2017, 03:07:54 PM
 #74

They do not know what bitcoin is that can change others because believing other people is hard to make us become afraid of mistakes Undecided
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October 15, 2017, 03:11:11 PM
 #75

Many people don't know about bitcoin and who don't know about bitcoin those people make bad comment on bitcoin and he make causatik comment about bitcoin. That's way people against bitcoin but when they know details about bitcoin then he support bitcoin and he make good comment about bitcoin.
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October 15, 2017, 03:16:13 PM
 #76

Well we both know that some people or set of group will hate bitcoin because bitcoin have it way of helping the rich and common people. Another reason why those people are against bitcoin is because bitcoin is decentralized and they want it to be centralize so they can have their cut.

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October 15, 2017, 03:20:39 PM
 #77

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?

Your observation is somehow wrong because except government and banks no one is against bitcoin.
Bitcoin is an opportunity for all people around the globe and almost everyone love it because of its unique characteristics as a currency.  It is a threat only for governments and banks of a country or state because they are afraid of its illegal use like money laundering other illegal activities.
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October 15, 2017, 03:22:41 PM
 #78

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 am sure the long list of bitcoin haters are the people who does not have a clue about the technology and does not have any idea how bitcoin works and so they are commenting as if they are economic god's and they really know something,it is really not about scare,it is simply ignorance .You cannot wake someone who is awake.They have to learn about it before commenting and we just need to ignore those fools.
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October 15, 2017, 03:23:58 PM
 #79

I think the main reason why some people are against bitcoin is that it might be put into a negative way like what happened with airing HBO's famous series Game of Thrones latest Season when a hacker got a hold of the unreleased episodes and asked the Producer of HBO a ransom money and should be sent through bitcoin.
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October 15, 2017, 03:25:23 PM
 #80

Really many are against bitcoin? Because to the people where I introduce bitcoin none of them is against it infact after they have learn the benefit I gain from bitcoin and doing signature campaigns all of them ask me to teach them because they all want to earn bitcoin. As far as I know only the government of some countries are against to bitcoin
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