How to Shut Up Bitcoin Haters

[Nboramir]

In my opinion, the best way to shut up bitcoin haters is using bitcoin in daily life. Also, rising bitcoin prize is another way because when its price is rising few people use bad words against bitcoin.

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[Kola]

why do you spend your time for them, i see no point, time goes on, and it is most important thing that u cant buy or return, we have no time to teach all of them

[catapult]

I think it is almost impossible to make the haters understand that, blockchain is a very important technology. Let them understand this in the future.

[aitrading]

The best way to shut up - just ignore them, enjoy, make money and check crypto news every day 

[avoxosuccesful]

the road to success always have lots of critics and hatters but the thing is at the end those once hatting or talking will always be the ones to come for assistance.and at the end it'll be their loss and regrets when bitcoin has reached its peak and its value its relevant to the public.you dont have to force no one for success or to succeed because life its free will errybody chooses to do or follow their path based on their understanding.goals and visions are not always the same,so @ all times just so what you gotta do cause its just you in the world.no need to make em shut up rather than succeed.

[by24]

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. But now they slowly understand how right I am

[Sarastiche]

Invest your profit into a viable project, buy a landed property, get  a nice car and go on holiday from your profit, show them the proofs, with that you do not need to convince them, a  shut me up by sending me a gift cash from his earning, with that poof I join the Bitcoin community.

[muddy waters]

Here are some of the most common arguments you will hear against cryptocurrency (either from people you know or from news outlets)

All these arguments arise from the fear of changes.
If Bitcoin manages to get the world’s recognition, this will shake the very foundations of the economy. Keynesian theory, which underlies the modern economy, considers the actions of central banks on "reasonable printing of money" one of the main concepts of their model. Bitcoin also allows us to manage without central banks. Economists do not want to admit that the work of their entire life is about to be thrown to the dustbin of history.

[extict12]

i think the best way to shut them up is to prove your earning from bitcoin.

[Janpura]

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

com


Possible things to shutup bitcoin haters prove to them that you earn much compare to their salary without tax, show to them the actual evidence of all your success in crypto.
meanwhile we do not forced them because they have their own opinion

[jassanpary]

Just show them the way in which bitcoin progressed over the years. People won't believe so show them with proof about the price increase of bitcoin, so that they may believe. Suppose still if they won't believe means just leave them they don't deserve this.

[linshuhow]

it is your own personal decision, who cares what others think

[angelakrasnova]

I believe that there is no need to influence the bitcoin of haters, they are getting smaller every day, bitcoin reinforces the trusting attitude of people

[MoonJeina]

I know it hurts when someone bad mouths about bitcoin and tell it is just a bubble or waste of time and money .
But i don't think there is any way to stop these people from spreading the fire . They just want to establish a negative atmosphere for bitcoin and are mainly government people or political bureaucrats . The best way will be leave it to the time and let them know it own their won when they find out about  the immense popularity of bitcoin.

[BlockFolksHQ]

There is no way to stop them unless Bitcoin grow better year by year and known by more people so that the haters will know they are wrong.

[curry101]

We cant stop or shut up bitcoins haters, there will be always a person or a group that will hate bitcoin and other cryptocurrencies. We cant force others to love and accept bitcoin just like what we do. All of us have different perceptions in other things. Just ignore the haters and just do what bitcoin will help you.

[Selbit]

The REASON I am frustrated with them is they haven’t invested much time in understanding Bitcoin at all.

Maybe they have read a few articles. Good for them, but it does not make them an expert. Those of us in the industry recognize that there are plenty of reasons why Bitcoin itself could fail. I am the first to admit it and have done so many times on this blog and elsewhere.

At the same time, I can name a TON of ridiculously smart people like Naval Ravikant, Vitalik Buterin, Fred Wilson, Fred Ehrsam, Tuur Demeester, John Light, and Nick Szabo who have studied the technology inside and out and believe it could work at scale.

All of them, however, are humble enough to admit there are pitfalls.There is a Bitcoin futures market now.

If you are so confident that Bitcoin will fail, short it.

Or, better yet, go do the research until you can knowledgeably explain why it won’t work.

[freesia_pnp888]

you can't!

[12tribes]

Well this about one of the finest and intellectual posts I have found here.For me, some of the arguments made by some people - for example that bitcoin and generally cryptocurrency is a scam, is borne out of ignorance, half truths, speculation or innuendoes. To understand the structure of a scam, there is usually no product with a promise of high yield which is actually the bait that lures the greedy and unwary to fall for it. This is not the case for those who have proper knowledge of bitcoin and have joined the market.
unfortunately, the other group of people who seem to see that they are late get it all wrong as they look more on where the bitcoin is coming from and not able to see where the currency is going to. It is a very rare thing to find an entirely newbie who didn't think like this without having had some form of teaching, seminar or presentation. I firmly believe that with the right kind of education and enlightenment, the people can get to see the beauty of bitcoin and cryptocurrency at large.

[NoG-NoG]

I think the reason why there are so many haters of bitcoin is because they didn't know how bitcoin works and they think that bitcoin isn't legit. Well in my own opinion, one way to shut up those hater is we prove to them that we are earning because of bitcoin and there are many privileges in using bitcoin. And show to them that we became successful because of bitcoin.