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Author Topic: How to Shut Up Bitcoin Haters  (Read 1630 times)
rudito
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May 09, 2018, 02:47:28 PM
 #381

Dispelling Some of the Most Common Arguments Against Crypto

Once in a while, every crypto-enthusiast will run into somebody who is skeptical of the industry altogether. People like this usually have never invested before, or did once but lost their money. As somebody who cares about the field of cryptocurrency and has invested several times in the past, it can be mind-numbing and frustrating to hear the opinions of people who have only ever read headlines and soundbites regarding the topic.

Make note, it is reasonable to be skeptical of cryptocurrency and present some well-researched arguments against them, but the people being referred to here are those that know very little about the industry and have no noticeable desire to get acquainted with it.

Here are some of the most common arguments you will hear against cryptocurrency (either from people you know or from news outlets) and some simple responses to them.

“Cryptocurrency is a pyramid scheme.”
Occasionally, I will run into a person who claims that cryptocurrency (or more specifically bitcoin) is a pyramid scheme and that only those who were first to the market will be able to make a reasonable profit from it.

While it is true that the earliest adopters of coins like bitcoin and ether have seen the most significant increases in their profits – this does not make it a pyramid scheme. Pyramid schemes are structured so that subordinate investors must pay or hand over a percentage of earnings to a higher level investor. This is not the case with cryptocurrency— if you head to an exchange to buy a coin, it is possible you will be buying from somebody who is at the same level as you (i.e., they invested around the same time you did). This is not possible with pyramid schemes since the only way to make money is to recruit new members. With cryptocurrency, you can trade and exchange with new or old investors. Also note, the main aim of cryptocurrency is not necessarily to get new investors since the price of a coin does not exactly rise due to adoption. Positive news regarding programming updates, partnerships, and new features can also just as quickly raise the price of a coin.

“Cryptocurrency is only used to buy drugs and launder money.”
This statement is commonly used by media outlets as a way to discredit the entire industry and the technology behind it. The best way to refute this statement is to briefly explain the nature of the blockchain and the sheer level of transparency that cryptocurrency offers. Most people who do not know anything about the industry get the impression that using this currency automatically masks your identity and your movements.

Explain to them that most coins have a global database of transactions which can freely be viewed by anybody. This, alone, is enough to discourage people from laundering money and purchasing illicit substances since law enforcement, the IRS, and other government bodies can track purchases with more ease than fiat.

“There is no underlying. value”
This is a half-truth. While cryptocurrency does not rest its value on assets like gold or land, it instead derives value from its developers and its code. Arguably, this is similar to how legal tender derives its value from its government and laws. Similar to how a decision or press conference from the President can affect the price of USD, an announcement from a lead developer can affect the price of Litecoin.

“It is too late to make money.”
I have personally found this argument to be said by people who only know of one cryptocurrency: bitcoin. Generally, the easiest way to open their mind is to show them that CoinMarketCap actually lists over 1500 coins and tokens. Of course, only a fraction of them are worth investment, but it proves that the industry is expansive.

New coins and tokens are constantly entering the market, many of which shoot up in price significantly after a while. One coin that has not had a long history, but is valued highly, is Nano. The coin only came into existence in early 2017, but in the space of a little over a year it has risen to the 28th spot. The main reason for this is the team it has and the technology it runs on. Finding a new coin with a great set of programmers and impressive code can be one way of making money in the industry. Of course, it is not the only way. The much larger coins like bitcoin, ether, and monero are still considered good investments now— this is because people still think the technology is undervalued. If that is the case, then it certainly is not too late to make money.

Originally published at cryptodisrupt.com

I guess because they lack knowledge of bitcoin, so they hate bitcoin. You can provide proof of your income from bitcoin, and they will start thinking about bitcoin and in the end they will choose bitcoin.
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May 09, 2018, 02:57:58 PM
 #382

For those who are sure to do, let them explain everything to them, yes it is difficult but they need to go through the big talk or prove to them that you really are paying a bitcoin and that's not a scam, maybe we're not obligated to understand more about bitcoins are ashamed of how and what they are, but because this is the only best way to do it for the future learn how to keep them silent, and it's better to learn how to use bitcoin
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May 09, 2018, 03:19:46 PM
 #383

I guess because they lack knowledge of bitcoin, so they hate bitcoin. You can provide proof of your income from bitcoin, and they will start thinking about bitcoin and in the end they will choose bitcoin.
In addition, it could be affected by negative news about bitcoin or have had bad experiences with bitcoin, caused by a lack of basic knowledge of the world of cryptocurrency. So, it is important to build knowledge first before deciding to invest or trade with cryptocurrency.
And, the simplest way to silence a person who hates bitcoin is to show the results you get from cryptocurrency, its simple.

 
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Thadeous
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May 09, 2018, 03:29:57 PM
 #384

Well, actually Bitcoin haters do us a sort of favor, because they usually shout louder than crypto followers, advertising Crypto all around.
Basically Bitcoin haters create a really good crypto hype, so no need to shut them up. Wink
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May 09, 2018, 03:37:52 PM
 #385

no way, imo. They will always exist. Even when bitcoin will cost 50k, 100k and even more. Even when blockchain will be used everywhere
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May 09, 2018, 03:38:24 PM
 #386

many ways to overcome how to hate bitcoin, but each person has an opinion or has a way to avoid people from bitcoin hatred. If my personal way is to tell that bitcoin is very profitable and can even help the human economy.
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May 09, 2018, 03:43:29 PM
 #387

Dispelling Some of the Most Common Arguments Against Crypto

Once in a while, every crypto-enthusiast will run into somebody who is skeptical of the industry altogether. People like this usually have never invested before, or did once but lost their money. As somebody who cares about the field of cryptocurrency and has invested several times in the past, it can be mind-numbing and frustrating to hear the opinions of people who have only ever read headlines and soundbites regarding the topic.

Make note, it is reasonable to be skeptical of cryptocurrency and present some well-researched arguments against them, but the people being referred to here are those that know very little about the industry and have no noticeable desire to get acquainted with it.

Here are some of the most common arguments you will hear against cryptocurrency (either from people you know or from news outlets) and some simple responses to them.

“Cryptocurrency is a pyramid scheme.”
Occasionally, I will run into a person who claims that cryptocurrency (or more specifically bitcoin) is a pyramid scheme and that only those who were first to the market will be able to make a reasonable profit from it.

While it is true that the earliest adopters of coins like bitcoin and ether have seen the most significant increases in their profits – this does not make it a pyramid scheme. Pyramid schemes are structured so that subordinate investors must pay or hand over a percentage of earnings to a higher level investor. This is not the case with cryptocurrency— if you head to an exchange to buy a coin, it is possible you will be buying from somebody who is at the same level as you (i.e., they invested around the same time you did). This is not possible with pyramid schemes since the only way to make money is to recruit new members. With cryptocurrency, you can trade and exchange with new or old investors. Also note, the main aim of cryptocurrency is not necessarily to get new investors since the price of a coin does not exactly rise due to adoption. Positive news regarding programming updates, partnerships, and new features can also just as quickly raise the price of a coin.

“Cryptocurrency is only used to buy drugs and launder money.”
This statement is commonly used by media outlets as a way to discredit the entire industry and the technology behind it. The best way to refute this statement is to briefly explain the nature of the blockchain and the sheer level of transparency that cryptocurrency offers. Most people who do not know anything about the industry get the impression that using this currency automatically masks your identity and your movements.

Explain to them that most coins have a global database of transactions which can freely be viewed by anybody. This, alone, is enough to discourage people from laundering money and purchasing illicit substances since law enforcement, the IRS, and other government bodies can track purchases with more ease than fiat.

“There is no underlying. value”
This is a half-truth. While cryptocurrency does not rest its value on assets like gold or land, it instead derives value from its developers and its code. Arguably, this is similar to how legal tender derives its value from its government and laws. Similar to how a decision or press conference from the President can affect the price of USD, an announcement from a lead developer can affect the price of Litecoin.

“It is too late to make money.”
I have personally found this argument to be said by people who only know of one cryptocurrency: bitcoin. Generally, the easiest way to open their mind is to show them that CoinMarketCap actually lists over 1500 coins and tokens. Of course, only a fraction of them are worth investment, but it proves that the industry is expansive.

New coins and tokens are constantly entering the market, many of which shoot up in price significantly after a while. One coin that has not had a long history, but is valued highly, is Nano. The coin only came into existence in early 2017, but in the space of a little over a year it has risen to the 28th spot. The main reason for this is the team it has and the technology it runs on. Finding a new coin with a great set of programmers and impressive code can be one way of making money in the industry. Of course, it is not the only way. The much larger coins like bitcoin, ether, and monero are still considered good investments now— this is because people still think the technology is undervalued. If that is the case, then it certainly is not too late to make money.

Originally published at cryptodisrupt.com
Just show them how large your profits are and how much money you are making from bitcoin. We can't do anything about the haters, they are just bitter on us who are earning a lot from bitcoin. We should keep on inviting bitcoin to try bitcoin and don't focus on those who are hating bitcoin for some unreasonable reason.

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May 09, 2018, 03:44:08 PM
 #388

For those who are sure to do, let them explain everything to them, yes it is difficult but they need to go through the big talk or prove to them that you really are paying a bitcoin and that's not a scam, maybe we're not obligated to understand more about bitcoins are ashamed of how and what they are, but because this is the only best way to do it for the future learn how to keep them silent, and it's better to learn how to use bitcoin
In fact the lack of education made them to hate bitcoin, i think that if they will become properly introduce to bitcoin they will surely start taking interest in bitcoin and will surely stop spreading false news about bitcoin, i think that we should introduce bitcoin to them and should convince them about bitcoin and about the benefits of bitcoin that we are expecting from bitcoin.

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May 09, 2018, 04:21:29 PM
 #389

They don't know about bitcoin that's why they hate bitcoin. But the true fact is I have never seen a bitcoin hater in my real life. Everyone praise bitcoin in my country except the government. And, To me, I don't need to shut up bitcoin haters, I will just avoid them. because there has a proverb that "An educated Foe better than an Illiterate Friend"

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May 09, 2018, 04:33:10 PM
 #390

part of the strategy of the competitors of Bitcoin is to make a fake news or false Information about Bitcoin. No matter what we do, No matter what we say, if they were paid to talk against Bitcoin, we can't do anything about it. but for the end-users or for those people who are just beginners in Bitcoin, we can still convince them by showing how much we are earning from Bitcoin.

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May 09, 2018, 04:35:16 PM
 #391

part of the strategy of the competitors of Bitcoin is to make a fake news or false Information about Bitcoin. No matter what we do, No matter what we say, if they were paid to talk against Bitcoin, we can't do anything about it. but for the end-users or for those people who are just beginners in Bitcoin, we can still convince them by showing how much we are earning from Bitcoin.
Exactly! that is why I don't mind them much because instead of minding them I would rather make my own business rather than ruining my day because of them, if it is true that they hate bitcoin then time will come that they will really regret it when the value exceeds the price last year.
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May 09, 2018, 04:38:38 PM
 #392

Never mind of bitcoin haters if you are not one of them.
Let them hate what they think they will improve their lifestyle but actually not.
Focus on supporting bitcoin than focus with them.
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May 09, 2018, 04:46:34 PM
 #393

it's better to let some people who do not like bitcoin, just let him, if you always care about him automatically he feels someone is responding to bitcoin so that makes him feel his opponent to always give hatred for bitcoin. take advantage of what happens to be able to benefit you.
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May 09, 2018, 04:51:26 PM
 #394

We can shut their mouth by describing what is bitcoin and the history of bitcoin and bitcoiners that trusted every time from the beginning of bitcoin. And you may share personal experience of bitcoin to convince them. And if it's nessossary then you may give some advise or some tips to make it practical.
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May 09, 2018, 04:54:54 PM
 #395

best way to show them proof of your earning .
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May 09, 2018, 04:59:23 PM
 #396

Join them in the  forum.  Tell about bitcoin and it's  profit. It's  market  value  , it's popularity. Tell them how you improved your life by joining  BTC.

Listen,  you  only  can do all this things  from  your  side.  Otherwise  leave it who think what  never see that.

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May 10, 2018, 02:55:07 AM
 #397

Show them that you have earnred some money without any investment in bitcoin. They said bitcoin is scam? Look for my money it is from bounties and also airdrops this is what you said scam i cashout every month for free and if you want to join i share my knowledge.

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May 10, 2018, 03:29:13 AM
 #398

Why there are people who hates bitcoin? I think they no knowledge at all about bitcoin, or they are involved in investment company that had been affected by bitcoins. You can prove them wrong by simply showing how you earn in bitcoins
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May 10, 2018, 03:40:23 AM
 #399

Dispelling Some of the Most Common Arguments Against Crypto

Once in a while, every crypto-enthusiast will run into somebody who is skeptical of the industry altogether. People like this usually have never invested before, or did once but lost their money. As somebody who cares about the field of cryptocurrency and has invested several times in the past, it can be mind-numbing and frustrating to hear the opinions of people who have only ever read headlines and soundbites regarding the topic.

Make note, it is reasonable to be skeptical of cryptocurrency and present some well-researched arguments against them, but the people being referred to here are those that know very little about the industry and have no noticeable desire to get acquainted with it.

Here are some of the most common arguments you will hear against cryptocurrency (either from people you know or from news outlets) and some simple responses to them.

“Cryptocurrency is a pyramid scheme.”
Occasionally, I will run into a person who claims that cryptocurrency (or more specifically bitcoin) is a pyramid scheme and that only those who were first to the market will be able to make a reasonable profit from it.

While it is true that the earliest adopters of coins like bitcoin and ether have seen the most significant increases in their profits – this does not make it a pyramid scheme. Pyramid schemes are structured so that subordinate investors must pay or hand over a percentage of earnings to a higher level investor. This is not the case with cryptocurrency— if you head to an exchange to buy a coin, it is possible you will be buying from somebody who is at the same level as you (i.e., they invested around the same time you did). This is not possible with pyramid schemes since the only way to make money is to recruit new members. With cryptocurrency, you can trade and exchange with new or old investors. Also note, the main aim of cryptocurrency is not necessarily to get new investors since the price of a coin does not exactly rise due to adoption. Positive news regarding programming updates, partnerships, and new features can also just as quickly raise the price of a coin.

“Cryptocurrency is only used to buy drugs and launder money.”
This statement is commonly used by media outlets as a way to discredit the entire industry and the technology behind it. The best way to refute this statement is to briefly explain the nature of the blockchain and the sheer level of transparency that cryptocurrency offers. Most people who do not know anything about the industry get the impression that using this currency automatically masks your identity and your movements.

Explain to them that most coins have a global database of transactions which can freely be viewed by anybody. This, alone, is enough to discourage people from laundering money and purchasing illicit substances since law enforcement, the IRS, and other government bodies can track purchases with more ease than fiat.

“There is no underlying. value”
This is a half-truth. While cryptocurrency does not rest its value on assets like gold or land, it instead derives value from its developers and its code. Arguably, this is similar to how legal tender derives its value from its government and laws. Similar to how a decision or press conference from the President can affect the price of USD, an announcement from a lead developer can affect the price of Litecoin.

“It is too late to make money.”
I have personally found this argument to be said by people who only know of one cryptocurrency: bitcoin. Generally, the easiest way to open their mind is to show them that CoinMarketCap actually lists over 1500 coins and tokens. Of course, only a fraction of them are worth investment, but it proves that the industry is expansive.

New coins and tokens are constantly entering the market, many of which shoot up in price significantly after a while. One coin that has not had a long history, but is valued highly, is Nano. The coin only came into existence in early 2017, but in the space of a little over a year it has risen to the 28th spot. The main reason for this is the team it has and the technology it runs on. Finding a new coin with a great set of programmers and impressive code can be one way of making money in the industry. Of course, it is not the only way. The much larger coins like bitcoin, ether, and monero are still considered good investments now— this is because people still think the technology is undervalued. If that is the case, then it certainly is not too late to make money.

Originally published at cryptodisrupt.com


it will just be FUD, so let it not be responded.

we crypto community already understand it from the year before.

so keep thinking positive and be the best.

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May 10, 2018, 03:48:52 AM
 #400

just ignore the haters .. just let them hate the BTC as they want to hate it .. the haters is still haters
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