Why are so many people against bitcoin?

[pleght]

If people are opposed to something, then the thing is clashing with interests.For this reason, there is a very large group that opposes bitcoin.Finance companies and banks are examples of this.

[Mofoblitz]

So many people do not understand bitcoin and they wouldn't know what to do with it if you gave them 1oobitcoins. They just need more information to understand it better.

[Janation]

So many people do not understand bitcoin and they wouldn't know what to do with it if you gave them 1oobitcoins. They just need more information to understand it better.

A lot of people do not really know what Bitcoin is but don't you think that they can't really say something to a thing that they don't really know or understand right? Well I know that there are some people that heard it as a scam or a currency that is being used by criminals but I don't see them saying or spreading the word of it on a negative way since they hardly know it.
I know some people that heard Bitcoin for the first time as a scam coin but after some time that I've talked to them, they did understand the digital currencies and they don't also believe that Bitcoin is a scam.

[rosalyn07]

Many people are against bitcoin because of insecurity because of the sudden uprising of bitcoin, they got shocked and they're being threatened. One of these are the banks, they are scared of bitcoin because it is more convenient you just need cellphone. You won't be needing paper or coins. Another is that they think it is scam and people hate it that's why they are against, some are not familiar with bitcoin.

[kskwerl]

I am of the opinion that the risks associated with bitcoin are so far more important than potential profits.

[MMA]

So many people do not understand bitcoin and they wouldn't know what to do with it if you gave them 1oobitcoins. They just need more information to understand it better.

A lot of people do not really know what Bitcoin is but don't you think that they can't really say something to a thing that they don't really know or understand right? Well I know that there are some people that heard it as a scam or a currency that is being used by criminals but I don't see them saying or spreading the word of it on a negative way since they hardly know it.
I know some people that heard Bitcoin for the first time as a scam coin but after some time that I've talked to them, they did understand the digital currencies and they don't also believe that Bitcoin is a scam.

It is our responsibility to teach them about bitcoin, so that they can also start taking interest in bitcoin, bitcoin is in fact very new still in most of the places, and therefore most of the people do not know about bitcoin, But i think that if we introduce bitcoin to then, they will surely start taking interest in bitcoin and will surely invest their money in bitcoin, because in current time bitcoin is the best option for trading and investment.

[sahabond]

people against bitcoin for two reasons-either they do not understand how bitcoin works and what it does for the world, or they do not want to change their life order to something new, or they themselves came up with a modern life order and do not allow someone to destroy it.

[cresrasrandbott]

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[Pegasus101]

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

[mayu13]

People who are unaware about what bitcoin are the ones against it. Since they doesn't know how it goes, what it can offer, how much it can give, they would thought that bitcoin is a scammed thing. People or businesses who also acts as competitors are againsts it too. They will negate all things about bitcoin.

[play1ife]

The main reason why people who against bitcoin just because they don't know well about how bitcoin and blockchain technology works.

And if they understand it they want to earn bitcoin as much as they can.

[headache1327]

Change is scary for a lot of people. Especially when it comes to a whole financial system. It's the unknown that freaks them out. Bitcoin will slowly but surely become the dominant crypto used by people everyday. Just takes time.

[kskwerl]

This is facilitated by several factors, one of which is how to prevent centralization of the bitcoin network, as this would make the crypto currency more vulnerable to cyber attack or fraudulent activity. Now the network is decentralized, as it is run by the miners - numerous people and enterprises that produce new bitcoins and support the system. Their work is paid for through fees for the creation of blocks and commissions for transactions, and this represents almost all of their income. Over time, the amount of rewards will decrease, and this means that if commissions for transactions do not increase, the miners will cease to make a profit and begin to log out of the system. If they become smaller, the system will become more centralized, therefore, more vulnerable. In addition, the centralization of the network will allow one malicious person or a group of such people, controlling a significant proportion of existing bitcoins, to bring down the market.

[Txslady]

If you lose your money in businesses you'll start hating it. Those people who hate bitcoin their story with crypto currencies is same as i describe. You put your hard investment and you lose, you become panic and start blaming to market. They're uneducated and not well informative people.

[Brangos99]

Why do many people fight btcoin, because they do not like bitcoin and some are fighting with spreading false news to drop bitcoin prices in the market so they can buy bitcoin at a price that is not too expensive.

[karloscimot]

maybe they fight bitcoin after they see. if the bitcoin is a high exchange rate so many people are interested in collecting bitcoins. moreover there are already some countries that recognize accept if bitcoin may be used as a transaction tool .
they may have deliberately posed a negative issue to bitcoin. because they want to buy bitcoin at a cheap price and sell bitcoin with a high price. certainly after they have eliminated the issue

[chard lie]

Many people do not like bitcoin and they fight it, they fear change and they do not like something new, they worry that bitcoin will make their lives change.

[Gladz29]

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?

Because some people are very negative about bitcoin. But if one person will teach them or share him or her knowledge about bitcoin maybe they change their mind and they say bitcoin is true and more potential currency of all time and they think also bitcoin is very big help to all people who used bitcoin.

[mary cury]

There are many people who do not like bitcoins, simply because bitcoins are not profitable and they find no benefit when bitcoin grows.

[maxreish]

Because they dont fully understand the word cryptocurrency, and lack of idea on how to earn a bitcoin, how to invest and how bitcoin is exchange in to cash.