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Author Topic: How to Shut Up Bitcoin Haters  (Read 1630 times)
cryptobroseph
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April 25, 2018, 12:28:06 AM
Merited by dupee419 (3), NoSkyLimit (2)
 #1

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
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April 25, 2018, 12:36:07 AM
 #2

I think the best way to shut up bitcoin haters is to prove that you are earning on bitcoin. When I was starting at bitcoin, there are a lot of negative comments from my friends and they were always telling me to be cautious. Only a few of them supported me and those people are investing on bitcoin as well. They are earning enough money for their needs and they never regret investing on bitcoin even if the price goes up and down.

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April 25, 2018, 01:10:15 AM
 #3

Dispelling Some of the Most Common Arguments Against Crypto

“Cryptocurrency is a pyramid scheme.”

We don't get anything from people we invited to come invest. We dont tell the people how much they should invest. We don't promise results. Mostly, people come to us to ask how. Yes peoole who bought earlier who did not sell their coins made the most but people who bought from the dump can also make great profits.

Quote
“Cryptocurrency is only used to buy drugs and launder money.”  

This is a public ledger so anyone can view large transactions. Most of the countries have regulated bitcoin already and many have required KYC so anonimosity is near to nothing already.

Quote
“There is no underlying. value”

The value solely depends on the investors and developers. It always follows the law of supply and demand.

Quote
“It is too late to make money.”

No it isnt. Just know when to buy and when to sell. Every investment is a risk.

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April 25, 2018, 01:29:09 AM
 #4

Why would I even try? They're just burdens I am not willing to carry on my shoulders. I don't wanna be stressed out because of these people. They're not my responsibility anyways. The only way they'll shut up is if they try the system for themselves and find out that it works, or show them proof that I am actually earning here. It's as simple as that.

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April 25, 2018, 02:25:08 AM
 #5

I just don't mind them but if they want to understand about bitcoin I would love to extend my help to discuss to them the possible ideas that to be easily for them to analyze the real goodness of bitcoin. If they stick to their opinions I can't do anything for them. So I would never be thinking or stress if they don't listen but they can see how I am improving mentally, physically and financially.
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April 25, 2018, 02:57:40 AM
 #6

it is said that fighting FUD is so much harder than anything else. you have to dedicate all your time every day if you want to fight it. it is a lie which you need to prove is wrong and at times it is near impossible to fight it all off. and there is no stopping them from spreading it like wildfire.
the only solution is to educate people before the FUD even comes so that they can understand for themselves how cheap these tactics are.

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April 25, 2018, 03:08:19 AM
 #7

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 would be their loss not ours so just ignore them and let your portfolio speak for yourself. When bitcoin reached the peak of its value last year December a lot of skeptics invested in bitcoin. I got lots of friends that I invited to invest atleast a coin but didn't believe in me and to the technology but when bitcoin reached at around $15k almost all of my skeptic friends contacting me and they want me to teach them how or where to buy bitcoin.

We don't have to force anyone to believe what we believe in cos they have their own minds and decisions to make and more importantly its their money. Sometimes we wanted to share what we've learned to others so that they can profit or earn extra income as well but some of our families and friends are skeptics so no need to force them and just let your portfolio speak what you wanted to tell them.

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April 25, 2018, 03:12:15 AM
 #8

There is no need to make them shut. It's all about whether you believe in btc. Once it will go up and cross it's ATH thoose haters will become investors.

So need need to waste your time avoid them and time will tell them appropriate  reply.
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April 25, 2018, 03:25:35 AM
Last edit: April 25, 2018, 10:08:37 PM by Gwapoman
 #9

Some people just wont realize their mistakes until its too late..
Some of them just dont have enough knowledge and been joining scam program so they think cryptos are like pyramiding scheme..
Some of them are following the wrong people and fake news from the media.

A lot of those "SOME" for sure have tried using bitcoins but failed to make profits from it.but lets just respect those haters point of view about cryptocurrencies and focus more on developing ourselves and making profits from it..

There are so many bitcoin haters way back 2014 that are now big time crypto investors...so lets just MAKE HATERS become our beloved FOLLOWERs...

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April 25, 2018, 03:37:48 AM
 #10

Why would I even try? They're just burdens I am not willing to carry on my shoulders. I don't wanna be stressed out because of these people. They're not my responsibility anyways. The only way they'll shut up is if they try the system for themselves and find out that it works, or show them proof that I am actually earning here. It's as simple as that.

Your advice is to shut them up by inviting them to come here and see that you are actually earning easy money? why would you people think that Bitcoin is a name for payment for garbage posting?

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April 25, 2018, 03:41:15 AM
 #11

everyday, bitcoin haters are viruses that can make weak bitcoins price. and even if we are not attacking them, then they will look for opportunities to make bitcoin die, because they do not like the presence of bitcoin.

and all we have to do to shut up them is by making a good contribution, spreading the benefits and functions of bitcoin to the public, so when bitcoin haters spread FUD, the public will not be easily influenced, because we have changed their mindset about bitcoin.
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April 25, 2018, 03:45:35 AM
 #12

everyday, bitcoin haters are viruses that can make weak bitcoins price. and even if we are not attacking them, then they will look for opportunities to make bitcoin die, because they do not like the presence of bitcoin. and all we have to do to shut up them is by making a good contribution, spreading the benefits and functions of bitcoin to the public, so when bitcoin haters spread FUD, the public will not be easily influenced, because we have changed their mindset about bitcoin.
The only thing that we can do is shut up and do not listen to them. Some people just wont realize their mistakes until its too late. Let them say anything. Some of them just dont have enough knowledge and been joining scam program so they think cryptos are like pyramiding scheme. But do not be like them. Some of them are following the wrong people and fake news from the media. It is hard to convince stupid people. A lot of those "SOME" for sure have tried using bitcoins but failed to make profits from it.but lets just respect those haters point of view about cryptocurrencies and focus more on developing ourselves and making profits from it. Just pray for them, hahaha.
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April 25, 2018, 03:46:10 AM
 #13

Well throw some satoshis sin their face to keep their mouth shut, up your sarcasm ante cause hurting people is not illegal.

Show your earnings on a chart to them compared to their earnings and make them realise their earnings are shit.

Ask them for their tax returns and slap them in the face with your non returns cause that's what smart investors do.

Ps haters gonna hate forgot about them and just make money and get rich.

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April 25, 2018, 04:24:26 AM
 #14

What you do with bitcoins haters is that you ask them for bitcoin income and tell how much you accumulate and envy to stop him from hating bitcoin. and when he's want to pointing out what is bitcoin and not teach him so he will not know how much you earn in bitcoin and envy him.
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April 25, 2018, 04:36:02 AM
 #15

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
[/quote

I think the best way to shut them up is to make your self succesful with bitcoin and for sure they will not say a word about doubting bitcoin.
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April 25, 2018, 04:40:14 AM
 #16

sometimes the public is afraid of bitcoin because bitcoin in their minds is a tool for destroy monetary and economic stability. but if they know that bitcoin was created to solve the monetary crisis in 2008, they will aware that bitcoin is the solution of the monetary crisis.

but because of lack of public socialization about bitcoin, and many bitcoin haters that cover the excess bitcoin, so the public always thinks negative.

I think it's a bitcoin community job to fight bitcoin haters. so bitcoin haters can not spread FUD.

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April 25, 2018, 05:12:24 AM
 #17

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
Since you are a newbie then i believe that you have no physical evidence that you can show to these haters. Just continue on and if you succeed and becomes rich with it i believe it would be enough reason to shut them up.
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April 25, 2018, 05:15:18 AM
 #18

I think you dont have premissions to shut up haters.
Its his opinion and it can live

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April 25, 2018, 05:16:53 AM
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In my opinion they are just afraid and not wanting change. Best way is to just ignore them because in 5-10 years they will be wanting in on Bitcoin/ wishing they got in Bitcoin earlier. It’s almost like how the tech boom of the 90s happened you had people that believe and then the haters. It’s just best to ignore them and continue being around like minded people like on here.
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April 25, 2018, 05:46:47 AM
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you can not shut them up and most of them are not bitcoin haters to begin with. they are hardcore bitcoin believers who know how the newbies minds work so they only spread FUD while they fill their own pockets with cheap coins as the newbies panic sell. in fact this is How I Learned to Stop Worrying and Love FUD. you need to do the same, it exists and we can not kill it so we need to learn to adapt and use it to our own advantage. accumulate more bitcoin each time they try to spread it and take the cheap bitcoins out of whales hands instead of letting them become bigger.

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