Why are so many people against bitcoin?

[Evangeline2]

Because they felt that the BTC was going up and down too fast, because they didn't really buy BTC, they felt that BTC was a fraud and cheated investors' money, so they objected to BTC.

[Soranith]

People are againts bitcoin because they are afraid of innovation and they want to be in their comfortzone to be safe. But in the future they will also embrace the truth  that crypto the future of transaction so they will be left with no choice but to use it.

[SergeYak]

Those people don't hate bitcoin they are just don't know anything about it. Feel free to ignore them in this case because information they are transmiting to you is lame.

[khai29]

Some people against bitcoin because they heard bad comments about bitcoin in fast few years,but if they ask to people know about bitcoin surely they change their believe about negative about bitcoin.

[santieevanz]

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 an obvious that there are people who are against in bitcoin because most of them think that it is a scam even if they never read and experienced about it. Well, I understand their reasons because no one will never ever want to get scammed and lose a huge amount of money. Another thing is being afraid of taking risks because of not being ready to face the consequences.

[_yoshi]

People are always against things they are totally new and they do not understand. So if you tell the people how the blockchain works, and how genius and simple it is, and what for use case it can have in real life, im sure they wouldnt be against cryptocurrencies anymore. So people are always against new technologys. When the first smartphone came out, people thougt the touchscreen will be broke very fast. And now everybody is using one

[PattersonRaquel]

Maybe those people are government. because the government can not collect BTCs.

[GillisVivian]

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 invest in not receiving profit from BTC. They met the scammers so they were depressed and hated BTC

[Milligan_ty]

I do not think that people really hate BTC. There are many people who are rich and have a lot of money. why they against BTC

[webdevmastery]

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?

People are not really against bitcoins but there are a lot of people who are creating black propaganda in order to demote cryptocurrency in their country, some of the people also lost a huge capital because of the reckless investing in the market and this are the cause for people to hate bitcoins.

[tekusa]

People are againts bitcoin because they are afraid of innovation and they want to be in their comfortzone to be safe. But in the future they will also embrace the truth  that crypto the future of transaction so they will be left with no choice but to use it.

These type of people will never invest in bitcoins:

1) The main issue with them is regarding their attitude. They do not want to learn about any new technology and are just content with the knowledge they have already acquired. At such, they will never try to learn about bitcoins or any other similar concept. If you try to convince them, they will give you lectures that it is all scam.

2) These people have already realized that they missed the train. I main they have seen the price rising from $1 to $20000. Most of them will think that there is no scope of more growth now in prices.

[hk1821]

The Reason: Our Feudal Mentality

On a mental level, all of us are simply serfs. We are like sheep: staying in the herd and looking out for the shepherd's (Government's) instructions. We sheep are kept in line by dogs (Police/Military/Revenue).

Government Control

The problem here is that governments control almost everything: Land, minerals, spectrum, water, money and of course the ability to extend this control.

By virtue of being able to control stuff, governments have two main powers:

• They can tax the things they control
• They can take from us things they control. This includes punishing for whatever is bad use of something

But Bitcoin is not controlled by any government. This is why they have no stand to tax it. Short of banning Bitcoin, not being able to tax it means not being able to control it. And outright banning is kind of difficult when you have got elections to fight every four or five years.

Misinformation

Misinformation is all that the establishment has in the fight against Bitcoin. And this misinformation is the root of this reputation of Bitcoin.

The Bitcoin white paper from 2008 is really eye-opening in this regard.

[AltheaHeart14]

At first i am totally againts bitcoin and other altcoin, when my friends introduce bitcoin to me my first impression is bitcoin is a scam, and to risky, the price was unstable, why do people invest on it? They are totally insane! Yes that my opinion at first because i dont really have idea what is happening in bitcoin, but when i saw my friends reallu earning alot on bitcoin i do a research and start collecting a data, and i found out thet bitcoin sas really good. I hope those people againts bitcoin while change their minds because bitcoin was really good interms of making money and earning income.

[evgeshti]

A lot of people are against for several reasons:
1. Distrust of everything new
2. Transparent risks all lose (if you behave without the right strategy)
3. Price jumps
4. Doubts about the fact that money can be in digital form and safely stored somewhere on the site
5. The banal lack of understanding of how to start, and as a consequence, the postponement of the topic in the topic further and further
6. A huge amount of fraud around. some are just confident in 165% that the crypto currency is a hoax.
7. The lack of extra money to buy bitcoin

There are many such reasons. Must pass the time and the crypto currency will become an integral part of our lives. Many people are not yet ready to agree with this...

[LynielZbl]

Many people nowadays were still against of bitcoin because they think that it can harm their economy and it is really totally new for them and hard to believe.Though there have their reasons and it is not the same,  like some are afraid taking risk of their investment or maybe some of them have the fear of bitcoin taking over their own currencies. Some of them keep om thinking that it was a scam. But i know their mindset will change in the near future if it will increase its value again.

[Westinhome]

They against to bitcoin because on first the people have no idea how to earn bitcoin and someone said bitcoin was a scam so that they against on it. But we that knows about bitcoin we are happy on that because we earn so much in bitcoin.

[mx667]

They against to bitcoin because on first the people have no idea how to earn bitcoin and someone said bitcoin was a scam so that they against on it. But we that knows about bitcoin we are happy on that because we earn so much in bitcoin.

Maybe because they cannot take advantage of Bitcoin. If people or a small country want to make Bitcoin as their business tool, I believe those small countries will become rich. Many people does not know anything about Bitcoin but they thought that BTC is a gambling tool or similar things. Of course that is not true and it is so ignorance. There are people who think that BTC is a dangerous thing and need to get destroyed. For example like government and bank. They actually cannot take advantage from people who use BITCOIN. Because when people use BTC they do not need to pay taxes or go to the bank.

[haocoin]

Because they felt that the BTC was going up and down too fast, because they didn't really buy BTC, they felt that BTC was a fraud and cheated investors' money, so they objected to BTC.

Yes, it may be because bitcoin is still in its development stage, with many restrictions. In particular, many countries have openly banned bitcoin policies so that people without bitcoin think bitcoin is unreliable and unacceptable .

[david2303]

Most people don't understand what is bitcoin, they think Bitcoin is a scam. And  they have not noticed the potential for it.

[Alamin2]

Some of the people think that bitcoin rate was going up and down too fast. Other way it's money transfer system is on lining system there for which transaction used by user it's totally hide. But who's know bitcoin well he is trying to earn bitcoon. Actually people are not really against bitcoins but there are a lot of people who are creating black propaganda in order to demote cryptocurrency in their country.
Nowadays we see some of the government against bitcoin for their rules or systematically.