Why are so many people against bitcoin?

[Urtaev]

When there is something new, then the normal reaction of people to deny this phenomenon. The same happens with bitcoin, the value of which people have not yet understood.

[cullen533]

Bitcoin is a very popular crypto currency. Now it's demand is huge. But people are against it.Some people thinks Bitcoin  illegal. Because there is no institutional system in Bitcoin's confidence. The government does not get any revenue from Bitcoin, so govt said that,Bitcoin is illegal. So everyone is reluctant to invest. If you solved some errors, then Bitcoin will be remembered all people in heart.

[lucy94]

Usually, people are against bitcoin, because they don’t understand it. They have never used any other payment option that is not used by banks and central authorities. The central authorities themselves play a big role in this by attacking the reputation of cryptocurrencies, and some people believe them. Finally, bitcoin is not backed by any asset (gold, USD, etc.), that’s why people think it’s too unstable and will explode one day as a bubble. They just don’t understand the algorithm of mission of cryptocurrencies. However, I believe, that soon or later bitcoin (and other cryptocurrencies) will become dominant payment options even among those, how are now against it.

[Alanpigi80]

A lot of people doesn't have the knowledge about Bitcoin and Blockchain technology, that lack of knowledge scares them, and fear is always translated into hate and intollerance against that unknown thing

[Maveric99]

Bitcoin is a very good and hard-to-find innovation with common sense because bitcoin offers something very booming for the whole world. if the whole world is worried about bitcoin as the number one currency it can monopolize everything in any field, it's just that experts around the world in the field of currency are looking for ways to get the limit to bitcoin not moving as freely. just a matter of time bitcoin is acceptable all over the world.
If you have something for the common good, you will protect by all means and find the best way.

[Denigmatic]

The only thing I always tell my classmates: you had your chance and still need to freely buy and sell / send and receive / earn, buy and sell miners? When they say: "Yes! I say: you understand? this bitkoyn for anyone in any place, no one magically generates them, if the whole world does not know about it.

[yulchatar]

For the time that I'm in the cryptocurrency community, I've heard several opinions and versions about bitcoin and in general about any altcoins from my friends and acquaintances. Here are my observations: the younger people are most interested in profit from the bounty campaigns. Friends of my age and older are ICO projects and trading. And also there is a category of those who consider bitcoin a financial pyramid and that real money is paper money. These are just my observations based on my environment.

[12tribes]

I believe those who are against the bitcoin revolution are either doing so ignorantly or do so because there is an ulterior motive to why they should attack an innovative and highly promising venture via the blockchain. They will soon realise it was a huge mistake.

[Rinzo]

You can only be against something you don't have knowledge about....its mostly due to ignorances and largely due to its not the conventional buying and selling

[DominRx]

There are a couple of reasons why people are against the crypt itself .. 1. they simply do not know what it is and how it works, 2. the government lets bad news about the crypt, 3. if even people know what crypto currency is, they simply can not buy and just angry ...

[x xurtjati]

I am confused with them, the first with the government if people start getting bitcoin they are the first people to disturb what they fear when all payments use kriypto so they can not get corruption, and people who do not understand bitcoin do not think negative you have to think smart that bitcoin is made for you all not just for a particular group

[Techie5879]

I think most people probably think of bitcoin as a threat to the currently established currency system. Most people lack knowledge about bitcoin, and seeing such an alien thing slowly climb its way to the top definitely scares them. They are too old, too adapted to try and change their perspective and look at things differently, see how BTC could benefit the society. Also, there have been may criminal activites related to bitcoin, many newcomers have gotten scammed, had their bitcoins stolen due to poor security practices. All these have created a bad name for bitcoin among the society.

[hellbrowncat]

I think many people have been carried away by the bad publicity bitcoin has received over the years, without being really interested in learning more about what this technology really implies. Therefore in these days when things have not gone well for bitcoin, many are taking it as an argument to justify that they were always right to distrust bitcoin.

[zelante]

People will be only against bitcoins if their business is being affected just like the banks. Most of the people think at bitcoins like networking which has a fraud. They but they are not really know the other ways to earn cyptocurrency.

[Ravenangel]

Most people are just scared of the technology that Bitcoin has brought along to the world. its still a new phenomenon and most people are still not at ease with trying it out thanks to the negative publicity BTC has had in the past.

[tazman]

Because this is an open field of activity which is interested in more and more people because of its accessibility.I am sure that over time, the crypto community will grow several times

[Ekim22]

Many people are scared in bitcoin because  they thinking bitcoin is scam, and because of the negative  news in media.thats way many people against bitcoin
 

[glongsword]

I think some people are against bitcoin because they are so many instances that happened to them when they use bitcoin. Maybe before they are scammed of fool by someone using bitcoin and that make them wrong belief in bitcoin that not all are scam and they are so many site that gives opportunity and financial in using bitcoin.

[Sexie]

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?

Not so many people against bitcoin but those only people in the government who really want taxes. Those people who do not understand  and accept the features of bitcoin. It’s freedom of using with no restrictions from the government. Its being free of using it without any third party involve to it , no taxes , cheaper to use by any business companies for advertisement in social media. They hate bitcoin not knowing that it will help a lot of people in the world by promoting  its projects.

[samantadegrenet]

It is easy to explain. Some are against the btc because they are not informed and are convinced that it is a scam that will soon be discovered. Then we have the banks and institutions that hold power and who see badly a democratic and decentralized instrument like the btc.