Why are so many people against bitcoin?

[kpcian]

Actually, they are not against Bitcoin anymore, they people are afraid and don't have any trust on this system. I believe if Bitcoin have to take more strong measure then those type of people will get engaged. Another main reason is the risk. in this platform, you have to take risk more than any other business platform. But time is changing, people are getting involved and this platform is becoming a popular across the world.

[1715592721]

1715592721

[1715592721]

1715592721

[1715592721]

1715592721

[knowcrypto]

Plain and simple, everyone is afraid of what they don't know.
And most people don't know what Cryptocurrency is.
All they hear is the media spout that Crypto is just used for bad things on the internet.
Whereas 99% of Crypto is not used in any negative way.

That's like saying USD is bad because some guy bought drugs with it once.

[jwiz168]

Bitcoin is a complex monetary system without central control of governance. So each politician is so worry about what or how it would affect their respective sovereignty and their Stas monetary would not be preferred.

[centralbanksequalsbombs]

The fiat currency global system is a debt-based conflict-funding system that wants to keep its monopoly (by the central banks).

Central banks controls the governments in each country.

Central banks control and have a MONOPOLY on credit/currency issuance in each country.

Additionally Central banks control the media in every region. Thus will TRY to influence opinion on things like bitcoin.

They will not allow competition and they've even banned bitcoin worldwide since 2013 training tellers to block/stop transactions if "bitcoin" is mentioned.

Four full years and the powerful central banks have been rendered POWERLESS TO BITCOIN'S decentralized strength.
Bitcoin keeps growing and growing in every country.

The people around the world are becoming too smart in seeing through the fiat currency schemes.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES??
CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.

Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Don't you know what a database is? A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!

BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!

BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.

hacks (these people may have been well-meaning previously...but people change...):
Mike Hearn : “the "Bitcoin experiment" has "failed." goes on to Ethereum an app coin.
Hearn - Big Bank Bitcoin Bully - https://medium.com/@tradertimm/hearn-big-bank-bitcoin-bully-c61531c082e#.okh9viyze
Craig Wright - desperately claimed to be Satoshi & then flees fraud trying to file a bunch of IP patents! LOL!
Mark Karpeles
Paul Vernon
Josh Garza
Roger Ver
Jeff Garzik (2017 recent; hard forking BTC1 / segwit2x)
"Jeff Garzik wants you to connect to his Bitcoin transaction analytics (spy) company Skry, by default, in the SegWit2x fork. Jeff is a sneaky snake!":https://www.reddit.com/r/Bitcoin/comments/6n9grc/jeff_garzik_wants_you_to_connect_to_his_bitcoin/
Barry Silbert (and his DCG portfolio of companies-ie Coinbase, Bitpay, sponsoring ilk of Jeff Garzik characters)

[Dilladupak]

may be people have not fully understood about bitcoin that can generate many advantages of bitcoin.Mungkin also their main reason is the lack of knowledge and  bitcoin. i'm sure that those who lack knowledge about bitcoin will surely be a supporter if they benar2 memahi what is the purpose in in this forum to get a lot of results

[moinul018]

Actually you are right on everything. People have their different reasons to hate it. However, the most important thing is the disruptive nature of bitcoin. It is going to change the landscape of our global economic structure. So, the people who will get affected by it, start hating it.

[FoxTheHuman]

They are simply against bitcoin because they lack knowledge about it. And I dont think that there were lot of them, people who actually against it are those who were left behind or those who just knew about it. If someone is not into bitcoin he will not loss anything, but anyone who is into bitcoin he gain everything. There is no reason to be against with bitcoin, the only reason would be personal interest or a group interest that might possibly bitcoin becomes a threat to them.

The thing you say is very true, not that they are against bitcoin that they lack knowledge. And there are groups of people who create the negative of it to lower the value and hold it at a lower value.

[senne]

You cannot say so many people, because right now it is just popular among 1% of the population and the people who are against Bitcoin are just few in number, yet very powerful. The governments of few countries are against Bitcoin because they see that it can create scam and create problems for the nation. Then comes Banks which are against Bitcoin because they fear that it may reduce their profit and demand in the market and lastly are those people who don't understand crypto currency and Bitcoin and are against Bitcoin because they have listened negative news and rumors of Bitcoin.

[SummonKing2]

So many people are against to bitcoin because many of us are unemployed and it only takes daily cost and as if I was unemployed I was so bitcoin and it helped me so much because I helped it a lot are my parents I am helping them

[Indrawan77]

The reason is because they dont understand about bitcoin, they dont understand the usage, and not all people are open minded about new things, and the most influence things is the media, the media like to focus on the crypto currencies negative things and spread it like bitcoin is created for bad things

[wolfracer]

I think it could be described in one word and it would be "The fear"
Fear of the unknown, fear of what has no support whatsoever, fear of volatility, fear that bitcoin will result to be another farce but above all that ends up being no more than another great bubble.

[albert11]

The most important thing here is the unstable price of bitcoins. Or is it the former bad experience or experience of her friend who has been deceived, plagiarizing her money in the crypto world. We know that bad people are spreading especially on the internet. Everyone will be able to enjoy what they want

[siti25]

Do not know then no love, maybe that's what happened to them. They just do not know what bitcoin is and how it works. Or maybe they do not believe that in bitcoin we can earn money. I'm not sure if people who already know bitcoin and know how bitcoin works will fight bitcoin. Maybe someone already knows but does not accept, not against bitcoin.

[BUK2016]

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?

Well, I don't see it as a big problem because that has always strengthening bitcoin market value positively. Many of them felt since there are not the brain behind bitcoin success that alone will make them not to support it to succeed but all the same, bitcoin is moving higher with more acceptance world over day after day.  

[justdimin]

Bitcoin is a complex monetary system without central control of governance. So each politician is so worry about what or how it would affect their respective sovereignty and their Stas monetary would not be preferred.

Surely the government would fear bitcoins because bitcoins are totally decentralized currency and do not have any track on their transactions. Government has nothing to do with bitcoins and that is the reason why government does not like bitcoins. Even bitcoins have some major drawbacks like use of bitcoin in illegal activities carried out on the deep web.

As soon as bitcoin overcomes these problems, bitcoin will be a great crypto-currency with all major benefits and some good profit earning skills.

[btcdepo]

Main reason most of the people is not into btc because they have the lack of knowledge about crypto currencies. as much as people learn bit more about it choosing to invest btc and /or alt coins.

[audrey12]

Those people who are against bitcoin maybe the uneducated ones who can't afford to acces internet they are afraid that if bitcoin will become their main currency it would be difficult for them to use it, also some of those who does not trust bitcoin are thinking it is a scam and maybe one day it will just crashed down.

[Coinmyjob]

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?

Of course, scares, losses and scammers do not doze. The risk is in any case, and in some cases, lose even more than here. But for people it is better to be safe, therefore, against that they do not fully understand this technology.

[DoublerHunter]

There are so many people that are against bitcoin because they think that bitcoin is not a good currency and it is just take people's money because the price can moves down faster than the usual speed of a market and that is why the people are not interested in bitcoin but if they will get oriented about bitcoin then they can easily understand and clear their confusion and misunderstandings.

[diguyo]

Wouldn't say they're against. A lot of the community takes skepticism as negativity, when in fact all that these guys are saying is that they don't understand it and be careful of what you don't understand. There will be a lot of people in on BTC that don't really understand it - they love the idea of it, being part of a community etc. but if they were asked the question of what's the future of bitcoin, or is it a currency? They'd struggle. Caution is advised in all investments, and that's what these people do.

Some may even invest themselves.