How to Shut Up Bitcoin Haters

[fritzwalter195]

Those are people who have low technical knowledge of bitcoin, so sharing success stories or your technical knowledge with them could be helpful.

[1714098056]

1714098056

[1714098056]

1714098056

[1714098056]

1714098056

[Naman1111]

I think by showing results you can shut up bitcoin haters. The major fudders be like BTC is a fraud, its not a currency, its slow and expensive. I think when the tech development like lightning and atomic swaps rolls out full, they will be able to see live benefits like fast and cheap transactions. They will obviously gonna regret as they didnt put money into it and missed the moon mission.

[ward_38coin]

I do not think it is time to convince people to invest. Its either you believe or you don't, no need to shut anyone up anymore.

[jops]

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

For me in order to shut up bitcion haters let us prove to them that bitcoin can provide money. Because people is not easly convience unlles they see a prove. BUt he\she will not convience even he\she see a prove and continue to blame bitcoin or hate bitcoin, we cannot blame them if that was there thinking. Lets respect them.

[Abdullah.dhariwal]

Time will prove to them all.

[owlman]

It's good that you have arguments and prepared answers to absurd questions and statements from people who do not like bitcoin, but personally I believe that such people will always be, and do not waste your nerves, so that someone something prove.

[charlotte04]

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

You should not do it. Just continue on what you are doing. Let those haters do their job, because in every way there will be some haters and you can't make it go away.

[Btcepoy11]

We connot do anything to those haters in bitcoin, because everyone of us can take a part of bitcoin. Only bitcoin community can make an action, just ignore them. For us we just continue what are we doing and support bitcoin.

[Tynovten_]

The easiest thing is to show your achievements while in the crypto world, but don't make them seem regret for not following your footsteps, immediately invite them to invest or trading on bitcoin. Of course there will be many reasons to suppress you that bitcoin is not feasible but maybe they will start thinking if they see the result.

[Johnyz]

We cannot stop people from judging anything and whatever we do, the society has something to say on us. The best way to backfight is that ignore those bad things hindered you and make you a living proof of cryptocurrency success .

[CrazeCoinz]

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

Yeah your right, show them the proof of your profits and compared that to there income and wait for there reactions and I'm sure they will shock and they will keep asking you how to get into this technology. Don't argue if you don't have proofs. Just wait the right time.

[Duogembrot]

I do not think it would be possible if you shut the mouths of bitcoin haterians you should let the bitcoin hater out there because there is no benefit if you try to shut the mouths of the haters better you take advantage of the event to be able to get a lot of profit.

[appleyard]

Hand them your proof of payments this is works for me those who did not believe in bitcoin and creating fake news to make bitcoin down will change their mind if they know what actually is bitcoin.

[Hopeliza]

We should show them in their face that all things that can prove them that Bitcoin was real and have a lot of benefits that we can get. And they will be ashame with theirselves.

[JustQueen]

Haters are normal anywhere there was always a haters. We just need to ignore them and not waste our time with them. Wasting time with the haters are very worthless.

[nikay12]

For me, I will not shut them up. I will let them think what they thought about Bitcoin and realize themselves that all of what they thought was wrong. They will eat what they have been said

[btcprospecter]

There is always going to be crypto haters most of them are bitter it wasn't them that had the foresight to see the potential of crypto currencies.
With some it is as simple as misconceptions that they have with crypto and how they can't fathom people are accepting it as a currency.

[sabarr]

I think, to silence the bitcoin hater is to show the results we have gained from bitcoin, if we succeed in bitcoin then they will be ashamed and sorry with what they have said, they hate because they do not know the information about bitcoin

[Konthol Ngaceng]

Please print out our bank accounts and show them, I'm sure when we can show proof then they will be quiet, and if they are silent then they are embarrassed, but if still do not believe leave them is better.

[AurumService]

to shut down or silence those who do not trust the bitcoin we have to show evidence to them that bitcoin is not as they imagined it to be. because everyone is looking from the ugly side of it regardless how the journey and not prove first.

Agree but let`s not forget that the aim of bitcoin haters is to just spread hate, fake and unrelevant information. Very often they don`t know anything about it and just spread myths. Or they know technology, principles of work, understand all advantages and disadvantages but misinterpret it for their own sake.