Why do some people in crypto still wish the downfall of Bitcoin?

[Blessed J]

One thing that really surprises me is how some new projects come into blockchain and start spreading false news and making baseless analysis that bitcoin will fail all in the name of making their own project a success. In crypto, we should accept that bitcoin is the KING and anytime bitcoin falls, all other altcoins also fall. I have read news where people were predicting that bitcoin will go back to 1k and now that bitcoin and other cryptos are down, they are changing their predictions to favour bitcoin. This all proves that their plans backfired and they are beginning to realize that when bitcoin is down, most other alts will be down. All these news we spread rather drive away investors and at the end of the day, we all lose. Why can't we unite and spread good news rather than hate one of our own?

[batang_bitcoin]

One thing that really surprises me is how some new projects come into blockchain and start spreading false news and making baseless analysis that bitcoin will fail all in the name of making their own project a success.

It's merely a marketing and that's how they can get more investors by telling something false about bitcoin. I'll guess that you have read they've said "the next bitcoin"?

In crypto, we should accept that bitcoin is the KING and anytime bitcoin falls, all other altcoins also fall.

That is given, bitcoin is the king but some people doesn't really like bitcoin. It's like they don't have bitcoin and sold at a very low price so they are putting their hope to a cheap coin.

I have read news where people are predicting that bitcoin will go back to 1k and now that bitcoin and other cryptos are down, they are changing their predictions to favour bitcoin.

It's a FUD and if ever it goes back to that price, they'll start buying that's too much to ask with a high market cap now.

Why can't we unite and spread good news rather than hate one of our own?

You can't please everyone, simple as that. 

[hatshepsut93]

Because there's a lot of people who are afraid to invest in Bitcoin, because they think that they've missed the train, and altcoin/ICO marketers are playing on this feeling by telling them that their coin is going to distupt Bitcoin or Ethereum. They also use the fact that Bitcoin and other networks had problems with transaction capacity to tell newbies that their coin will be better. So, there's nothing personal here, they might not actually want Bitcoin to fail (it would sink the whole market), and they might be actually hodling it themselves, their FUD is just a part of their selling strategy. Keep in mind that almost any coin other than Bitcoin has huge teams of marketers, and they spend more resources on promoting than on development, because most likely they are never going to release and support the full product.

[Dread Pirate Roberts]

I will give my opinion as a user who has felt this moment. there are so many reasons about it . the thing that i believe it was.
1. they may be part of getting big losses when bitcoin keeps going down. And its desire to buyback at lower prices and make it provide invalid information to make the community afraid of news.
2. they have their own view of their assumption.
Do not just believe the information of others because they give their own assumptions. it's better to do your own speculation or follow the current market trend. others may lie to their advantage. but the market trend is always honest.

This all proves that their plans backfired and they are beginning to realize that when bitcoin is down, most other alts will be down.

Without a doubt it is true. because almost all crypto pair with BTC.
so when the btc price goes down it will definitely have an impact on other coin prices as well.

[RAGEmond]

Even a lot of  these true crypto believers are trying to spread mass panic.  They are doing this to obtain more bitcoin or to make profit on short contracts.  They know the true  future potential of crypto so its likely they are just stockpiling for the next bullrun which should be starting pretty soon.

[Tankdestroyer]

Why can't we unite and spread good news rather than hate one of our own?

You can't please everyone, simple as that. 

It is not as simple as that. We cannot unite and spread good news because we all have different opinions(self-interest included) about bitcoin. IMO, people who are spreading FUD sometimes are also pleased with btc but they continue to do so because they want the price to go lower for the sake of price manipulation and some others do it because they genuinely hate bitcoin.

[poplolnman]

Even a lot of  these true crypto believers are trying to spread mass panic.  They are doing this to obtain more bitcoin or to make profit on short contracts.  They know the true  future potential of crypto so its likely they are just stockpiling for the next bullrun which should be starting pretty soon.

Yeah some people believe on how Bitcoin value could grow more than what the current value had. That's why they hoping for lower price to set some buy order at the bottom, those people are confident enough heading Bitcoin future .. A little more drop , buy & keep it to get rise later would be the goal for for everyone, spreading false news aren't necessary to make price dropped , that's the nature when market have to go down continuously... The market affected by global issue , not a small issue like that.

[MartinAK]

Bitcoin since it operation has proven beyond all doubt and i personally know it the mother of all coins and those who wish its downfall in the name of their project have never realized how their so called project is dependent on the bitcoin. In fact bitcoin as  the king of crypto i personally hope it will soon increase. There are always people who will never support you in live that does not mean life ends indeed bitcoin is about soaring higher.   

[RodeoX]

I think a lot of people feel like they missed out on getting rich with bitcoin and yearn for a redo. A new coin that they can get in on the bottom floor of. It has worked to some extent with other alts. But the important part for survivability in a cryptocoin ecosystem is utility. A coin like ETH can do smart contracts, and so has Superior utility in that regard. But most alts are not useful and very often exist for no other reason than exploiting people. Others are basically script-kitty clones of bitcoin that work okay, but are not really needed.

It could be that new code brings blockchain currency to the next level, or even that a completely different idea about how to do a trustless cash system dominates. Whatever happens I think will not really be changed by peoples likes and dislikes.  The winning money has to win people over and work best.

[Grayy]

People just want their coins to overtake bitcoin meanwhile they don't have any project that will improve the lives of people. Bitcoin came and solved the basic problems people were facing regarding slow transactions, the possibility of double spending, the outrageous charges by the middlemen and so on. Projects whos wish to overtake bitcoin should rather work hard towards the development of their own product. As of now the price of bitcoin affects almost every other crypto.

[camito]

I think they want bitcoin to fall down for them to be able to buy it at a very low price. They are spreading FUD in order for bitcoin to drop it's price to the lowest price it can ever have. People think they will not be able join the roller coaster ride to top without investing in bitcoin at a very low price. And claiming that their ICO/project will overtake bitcoin is the only way they think that will give them high hopes to be close to bitcoin experience that  skyrocketed from a very cheap price. They also want to experience this that's why they are claiming to overtake bitcoin.

[jpespa]

It is either because they are bitter to bitcoin or they are doing it for strategy that if other people take the bait and the price goes down, they will buy large sums of bitcoin.

[Anusanka Kaushitha]

hi,
most of alt coins trade with btc pair,so that they can not stand itself.they want to get publicity on them project.if we talk about that, they already get that publicity.be faith in btc cheers!

[Dudeperfect]

To be honest, no one is sure what is going to happen down the road so everyone has the right to predict their opinion about the market however in some cases, they predict the negative opinion just because to drive attention towards their project. On the other hand, there were some people like me willing for the market correction when Bitcoin was being artificially pumped. However, I believe that Bitcoin is still undervalued and it will grow at an exponential rate in the coming decade irrespective of the opinions of attention seekers. I am not commenting against constructive criticizers but my opinion is against attention seekers.

[pimkobai]

I would still disagree to people making bad assumpions and posting negative news about btc as a result,some of the new and old investors mght no longer be interested to invest because of fear and uncertainty that bitcoin will go through something bad on the market. Just for personal interest, they will make sure that they will be successful since their aim is to ake btc down and buy at low price. This for me attributes to a sort of manipulation of price through FUD and negativity.

[jseverson]

Do they really? I don't encounter a lot of these. Most just say that Bitcoin has had its time in the spotlight (stagnating, not much room for growth, etc., but not dead) and that their project is the next one up or something like that. The only people who really actively wish for Bitcoin's literal downfall are rabid BCH supporters who swear that BCH is the true Bitcoin.

Either way, that's just competition. It brings about good results most of the time, but it can also bring the worst out of people. History is full of figures who use others as a stepping stone to their goal. Crypto isn't any different.

[pooya87]

it is called FUD and the purpose of it is to try and bring the price down and the reason for it is because they want to buy bitcoin.

the thing is many people know the fact that bitcoin market is still small and can be influenced a lot by the decisions that people make. and sometimes these decisions are based mostly on drama and what they read online. but generally it is from the news they read like the hack news, or some adoption news (as an opposite way which leads to rise) not some random idiot's comment on a forum.
with that mistake they start spreading bullshit about how price is falling so that they can buy more of it.

[alex M]

Even a lot of  these true crypto believers are trying to spread mass panic. They are doing this to obtain more bitcoin or to make profit on short contracts.  They know the true  future potential of crypto so its likely they are just stockpiling for the next bullrun which should be starting pretty soon.

Yes I agree. They are doing this strategy to lessen the interest of the new investors and to panic sell their coins at cheaper price. These are part of the game in crypto business industry initiated by the big whales so that they can buy more coins at cheaper price to gain huge profits when prices in the market will reach at its peak. For me, in times like this, we should think of the positive side and to take advantage to buy bitcoin and HODL.

[Hiimgosu]

Well, it's just because people wishes to buy more out of bitcoin. Bitcoin is great as an investment to all. And it serves as the best investment. If bitcoin will fall let's say at 1000 usd, many people will buy it.

[entrepmind23]

Because there's a lot of people who are afraid to invest in Bitcoin, because they think that they've missed the train, and altcoin/ICO marketers are playing on this feeling by telling them that their coin is going to distupt Bitcoin or Ethereum. They also use the fact that Bitcoin and other networks had problems with transaction capacity to tell newbies that their coin will be better.

It is just a marketing strategy so that they can attract more investors to invest in their coin. I have seen countless times about people saying that they wish they have invested in bitcoin years ago but they didn't believe in it then that's why they were able to buy at a higher level. If they have been able to buy at a lower price then they would have more profits. Marketers are pointing out the weakness of bitcoin in terms of scalability so that investors would think that their coin would be much valuable than bitcoin.

So, there's nothing personal here, they might not actually want Bitcoin to fail (it would sink the whole market), and they might be actually hodling it themselves, their FUD is just a part of their selling strategy. Keep in mind that almost any coin other than Bitcoin has huge teams of marketers, and they spend more resources on promoting than on development, because most likely they are never going to release and support the full product.

Instead of wishing bitcoin to fall, we just wish that those cryptocurrencies would be recognized and use by people for its actual use and not just speculation purposes so that mass adoption would happen. If those marketers would receive tokens then they might as well use the crypto for its actual use case because I am sure that they are holding a pretty huge amount of it so it would be to their advantage if it would be much valuable in the future.