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Author Topic: Why are so many people against bitcoin?  (Read 18419 times)
hunterkrypto
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October 16, 2017, 02:00:03 PM
 #161

because many of them are unaware and afraid to invest because the bitcoin price is quite high or expensive Smiley
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October 16, 2017, 03:09:20 PM
 #162

It's because of fake news in internet and also they are not aware of real fact of bitcoin/block chain. So they are getting afraid of scam. But its not like that. Those who are all against bitcoin, they are missing the huge opportunity of their life. If we share the advantages of bitcoin they might change their mind.
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October 16, 2017, 03:31:29 PM
 #163

I think they who against bitcoin just tell a lie. Look the case of JPMorgan CEO Jamie Dimon, He said the bad thing about Bitcoin. But the truth is that he invested Bitcoin after the price down to get profit. He's just a scammer.  Angry

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October 16, 2017, 03:37:18 PM
 #164

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.
Yes you are right those people who hate bitcoin are present everywhere and also lovers but those people those people who hate bitcoin only heard negative about bitcoin and the reason is the price of bitcoin, they think bitcoin is a wastage of time that’s why they don’t invest and like bitcoin and when will they know the advantages of bitcoin is life and uses then they will get their world again.
Maybe they have been traumatized because of that experience, and doesn't want other people would do the same mistake all over again. I wal also wondering that maybe they see it as an illegal due to the news and issues about bitcoin that scares them to invest and believe, or they see it as a rival against fiat, while they have been told not to put money or heard that it has been banned by the government by some other countries.

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October 16, 2017, 03:55:50 PM
 #165

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 not against bitcoin they just don't believe it for now. those people will regret in the future.

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October 16, 2017, 04:03:49 PM
 #166

I assume that people who fight or do not believe in bitcoin, only people who do not know more about bitcoin but can already conclude that the bitcoin is negative.
They just think that bitcoin is mostly used for crime and only see bitcoin from the negative side, without them realizing that bitcoin has many benefits.

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October 16, 2017, 05:15:33 PM
 #167

Lack of knowledge about Bitcoin,one of the reason why some people against Bitcoin.They really don't know the value of it and how it will help them.Other think it is a scam and  illegal.We don't have  the right to force them to join Bitcoin,it's their decision if they are willing to join.
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October 16, 2017, 06:12:28 PM
 #168

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 not against bitcoin they just don't believe it for now. those people will regret in the future.

Yes, I do so, too. However, bitcoin and blockchain are two different things; nevertheless, bitcoin potentially will rise in price much more than many people expect at present.
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October 16, 2017, 06:27:55 PM
 #169

Bitcoin is considered as a threat to some international companies and even some countries. It is something that will change the world economy soon and not everybody agree with that. Even some countries are trying to keep bitcoin away from their people by illegalizing it. In my personal point of view, China did ban bitcoin because the goverment can't aford loosing many workers in the industry to become a part of bitcoin community. Money that a chinese ordinary citizen can make out of bitcoin is more than his salary at a factory, which will make them leave their jobs and that's not accepted because China is an industrial country since that they have no natural ressources.
I believe all the attempts of trying to stop bitcoin from spreading wider around the world will fail as it is considered now as an international currency.
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October 16, 2017, 06:33:24 PM
 #170

Many people do not understand what Bitcoin is and how it works. Many frighten because of it's instability and unpredictability. The government does not like Bitcoin because it is difficult to control it  and receive taxes.
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October 16, 2017, 06:35:46 PM
 #171

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?

Those people who are against on bitcoin are those people who are blinded by media or informations made by other people which do really give them first impressions because mostly people do mention on the negative side of bitcoin but if they would really took it deeply and try to understand its positive aspects for sure they would really change their minds.


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khanjan12
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October 16, 2017, 06:40:06 PM
 #172

many of those "many people" you see are not against bitcoin. they are actually heavily invested in it but they pretend otherwise. someone who is spreading FUD in 99% of the times wants the price to drop so he can either short bitcoin or because he has some buy orders placed ahead of time at certain low prices.

i honestly can not think of anybody who does not benefit from bitcoin! even banks that some people say are against bitcoin or bitcoin is against them are happy about bitcoin. not only bitcoin introduced blockchain technology to them to improve their business but also it has opened up new ways for banks to make money. banks are in fact making a lot of money because of bitcoin, all these traders are using banks to handle their money transfers and there are lots of them Cheesy

Well that's one kind of people. There are others who don't since they are afraid to try new things especially the old ones nowadays since the impact of the news they heard in TV.

many peoples think that BTC is a fake currency thats why some peoples are against BTC.
soilwork79
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October 16, 2017, 06:50:53 PM
 #173

I think they dont against bitcoin. They dont have much information about bitcoin so they fear it. Many people are afraid of losses. Some people are not open to innovation. They are even afraid to use Internet banking or to buy something on Internet with credit card.

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October 16, 2017, 06:55:00 PM
 #174

I´m Bitcoin supporter and enthusiastic. But at the same time, i try always to keep an open mind, about the position of Bitcoin in the rest of the world.

A gigantic negative point of the Bitcoin blockchain technology is the amount of electricity used to validate one transaction. A recent study made by the Dutch bank ING, conclude that the electric power used in a transaction is enough to power up one house for a month period. A solution for this has to be found ASAP. For this kind of reasons, people can just "Hate" the technology    

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October 16, 2017, 07:09:27 PM
 #175

They think bitcoinhas no guranty. Because it is intangible .it can't hold by hand . insecurity remains in their mind . that's why they are against of btc.

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October 16, 2017, 07:25:12 PM
 #176

chances are they are against bitcoin in because they do not know what info is Cryptocurrencies. Therefore it is necessary to give an understanding of what is Cryptocurrencies and bitcoin. That way they will understand and I am sure if they already understand will be attracted to enter the world of bitcoin because it is able to change a person's economy.

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October 16, 2017, 07:30:08 PM
 #177

Hey
Cheesy
There are people whose business is negatively affected by bitcoins thus obviously they won't like bitcoins , well the banking sector is against it since people now have a new way to invest and store money, the enterpeuners are also not supporting bitcoins because they have affected the share market and the value of stocks are low because people are finding bitcoins a finer alternative, now the main problem working in the USA government are also finding bitcoins a threat to dollars , besides government of most countries are not supporting bitcoins because they are negatively affecting the national banks run by the government thus decreasing the revenue generated.
There are many more reasons too
But at the end of the day they have made our life easier.
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October 16, 2017, 07:39:30 PM
 #178

One reason why: they haven't know everything about what bitcoin is and is all about. We do not raise ourselves that we know all about bitcoin but of course before entering such sites you must know what it is, what does it do, what are the benefits, etc. Some may know about Bitcoin and still don't like it, maybe they can't make time for that because of some things in their lives.

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October 16, 2017, 07:39:36 PM
 #179

I think they who against bitcoin just tell a lie. Look the case of JPMorgan CEO Jamie Dimon, He said the bad thing about Bitcoin. But the truth is that he invested Bitcoin after the price down to get profit. He's just a scammer.  Angry

No only that, JP Morgan is hypocritical too. It's not a "secret" JP Morgan has been testing Blockchain technology in their banks to transfer money between Tokyo and London for example with 2000 clients to see how it Blockchain will wore/perform.

Banks are very affraid of BitCoin and I know one trader that swears for his life if BTC grows too big Banks will do everything in their power to destroy it, but once Pandora Box is opened is too late that's my answer.

Some people can be against Bitcoin because of stereotypes, little knowledge about how it works and biggest amount against will be a group of people that never heard about it - lack of trust and confidence. Tech savvy people understand that bitcoin is a future already and that why we taking part of this journey together.



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October 16, 2017, 07:39:58 PM
 #180

Some if not most of these people are, One, scared of the unknown. As we all know the unknown gets the best of all or some of us but it is just a matter of knowing what it trully is. Second, these people might have learned bitcoin from the wrong people. People who have wrong information spread the same information so one by one every person that had encounter with these people tend to know nothing good about bitcoin so they will be against it. Some of these people are the ones saying that it is a scam when it really is not. Third is that some people tend to cling on the past they just dont want to let go. They still use the traditional currency and so they dont pay attention to bitcoin.
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