Do you think this are the reasons why some persons hates Bitcoin!? 🧐

[StatesManG]

Once again pals am here with yet another interesting topic

Credits to u/born_in_cyperspace from reddit

So here this gentleman Douglas Adams share his analysis on reasons why some folks hate bitcoin



What's your take because with the little experience I have got, his analysis are very correct

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[Andrey13101991]

I think the biggest reason for hating bitcoin is the loss that he brought to people. And scam projects also did their job

[tamango]

I think that people that hate bitcoin and crypto simply have too little knowledge about crypto and blockchain otherwise there's really no reason to hate this....it can only bring advantages to every customers.

[kentrolla]

I think the biggest reason for hating bitcoin is the loss that he brought to people. And scam projects also did their job

Yes obviously, big losses will really frustrate a person who ever it is as a maximum majority of investors didn't expected a massive dump within a single year. Just imagine about the people who bought BTC for nearly 20k and see the value now, it's pretty hard even to calculate. Yes like you said scam ICO projects bombarded the reputation of BTC that's the main reason people hate it.

[10BTCaDay]

people hate bitcoin because they don't understand how it works. only those people who decide to earn easy money and failed - do not like him

[shirackjs]

Probably you are right OP. My senior who are 50 years old does not trust internet banking to handle his funds. I guess the era and environment a person grow up in will make a part in what he believe in.

[beerlover]

Due to the reason of bitcoin is based on complex technology, I believe most elder people are hesitating to adopt it. Recently I read an article, it was dealing about money should be simple and bitcoin is not. When bitcoin is not simple like any other fiats, then it is obvious like elder people will not be preferring it instantly. They definitely need their one time to understand and then to adopt.

Interestingly, this does not mean that bitcoin will be hated by those people who are not ready to adopt complex system. Moreover to get into bitcoin either for using as currency or using as an investment, definitely there will be no need of understanding the entire system. There are a few basics which are more than enough to get start with bitcoin. People will understand this and they stop their hating.

[nicster551]

Once again pals am here with yet another interesting topic

Credits to u/born_in_cyperspace from reddit

So here this gentleman Douglas Adams share his analysis on reasons why some folks hate bitcoin



What's your take because with the little experience I have got, his analysis are very correct

They hate it because it is new and they don't want to take interest on using a new thing. Because everybody just wants to use the old style.

[Lakai01]

I think that people that hate bitcoin and crypto simply have too little knowledge about crypto and blockchain otherwise there's really no reason to hate this....it can only bring advantages to every customers.

I agree. Everything new and unknown faces uncertainty and even hate. It was so with the first cars, electricity, computers, the internet and now the blockchain. Nothing special in my opinion

[takngantuk]

the only reason why many people hate bitcoin is because they have suffered losses because of bitcoin. those who have already made a profit may not be a problem, but for those who have just joined a few months it must be very painful.

[Avri Susanto]

people hate bitcoin because they don't understand how it works. only those people who decide to earn easy money and failed - do not like him

basically everyone who is here already understands. but they are impatient, to get results. there is no investment that quickly generates profits. it takes time for a process to work. and because of this they started to hate bitcoin. added to the fall, further disappointed new investors.

[damberg]

Interesting point of view. There is certainly a grain of truth in it, even my colleagues and relatives more or less correspond to the age - opinion distribution you pointed out.

[upsidedown75]

I didn't know 19-24 was that low, I would have assumed at least 25% for the youth of today. They obviously do not have too much money to invest into bitcoin hence why they are probably not interested because of that but having 35-44 years old more interested in bitcoin than 19-24 is a bit weird, younger people should have been more interested in bitcoin than older.

Considering bitcoin started 10 years ago, someone who is 19 today was 9 years old when bitcoin came up and that means it should have been a natural order of things for that person and should be interested in it.

Aside from that I think the reason why elderly do not use bitcoin is not that they think its against the natural order of things but more about its high tech for them, you may think 70 year old lady who uses whatsapp and send emojis to her other 70+ year old friends in USA but in many other countries 70+ people are not very fond of technology and still have hard time using even old mobile phones.

My grandma is 78 years old and barely can use home phone let alone mobile, it would be a miracle if she could buy bitcoins. That is why 55+ is not using bitcoin, not because they are against it but because its a new tech they need to learn and they don't feel like it worths learning about it. By all means we can all use it and they will be fine with it, its just that they don't want to get into all of that after a certain age. We think about our future when we get into crypto, they do not have too much "future" left in them.

[Jrfranco]

Once again pals am here with yet another interesting topic

Credits to u/born_in_cyperspace from reddit

So here this gentleman Douglas Adams share his analysis on reasons why some folks hate bitcoin



What's your take because with the little experience I have got, his analysis are very correct

There are so many arguments why people hate bitcoin but this guy pointed out the best reason, but for me and in my own observations in the community and in the masses, people hate it because of the inability to understand the real reasons why there was an existence of bitcoin and Blockchain technology, it is the lack of knowledge to absorb the new technologies happening day by day.

[jrrsparkles]

The psychological reasons sounds good,but not all the people is goig to hate bitcoin at some age group when they don't know what is it then chance of hating is possible for that we need to educate them about bitcoin and the useage behind it if we want whole people to use it.

[labilaab]

Whether we like it or not, or even how many against the Bitcoin or cryptocurrency out there, No one can stop the evolving technology of digital currency as we are embracing the new generation. What can this old man without knowledge of modern computer and technology do to stop Bitcoin? Yes lets just say he’s just some mere celebrity or what the heck but its just a little diversion or confusion he gave to people but he cant stop the people investing on it.

[oppo070]

I think the biggest reason for hating bitcoin is the loss that he brought to people. And scam projects also did their job

Yes, you said exactly right, and I will just add my opinion, I guess why people are hating bitcoin so much is because they want to get the attention of people to be diverted to their project like the bitcoin Cash ABC and SV. They claim that they are the one who created bitcoin and people should prioritize their updates regarding it.

[Bitbtc8]

There are different reasons why people hates bitcoin ,some hates it because they end up losing money easily and that's because they have no knowledge how it works so they put the blame on bitcoin , some hates it because they compare it to ponzi schemes out there ,they think its easy was of getting money so its scam

[cryptothreads]

the only reason why many people hate bitcoin is because they have suffered losses because of bitcoin. those who have already made a profit may not be a problem, but for those who have just joined a few months it must be very painful.

I agree with you . Most people who hate Bitcoin meet these cases. They do not have confidence in the market and always sell all when there is good profit. I often advise people to invest only in the money they can lose but they only invest in everything they have to make them encounter many big mistakes in their lives.

[Zero1One0]

Very interesting! Thank you OP for posting this.
This is a very good way of looking at how cryptocurrencies are being accepted in different age classes.