Why do many people who do not understand Bitcoin slander Bitcoin?

[lisanona]

After the recent bleak market. Many people do not even understand the basic principles of Bitcoin and blockchain knowledge, so they attack Bitcoin. What kind of mental state is this?

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[odolvlobo]

They don't understand it, and they worry that it might affect them in ways that they don't understand. The uncertainty of it all is uncomfortable.

The only way they know how to defend themselves against this thing that they don't understand is to have someone else get rid of it for them.

[patientforzhou]

The real currency has gold/oil as the foundation. The proof of Bitcoin is the result of pure computing power and has no material meaning. What is built on such a thing has exceeded its value and is a pure bubble.
If you don’t understand what the calculation result is, I can give a popular example. If there is an online game in the world that cannot be recharged, then the result of your game is the result of the calculation. The purpose is to produce substances, and it will not directly cause or promote the results of the production of substances.
The risk is that the score of the game can only be used as currency when people think it can be used as currency. If the game is abandoned by people, then the so-called game score may not even be as good as a piece of toilet paper.

[Fundamentals Of]

This is the state of ignorance. And this happens all the time, whether the market is in a bull run or during the bearish season. It does not change. The only thing that changes during the bull run shifting into the bear market is that people's attitude changes from bullish to bearish. But they still do not know a thing about Bitcoin except that it gives them money during the better days. In the bad days, they panic sell though.

There are also those who are always attacking Bitcoin in good and bad times.

[mk4]

Trying to understand their thinking, I think it's simply because the concept of Bitcoin and it's decentralization is just so new and "bizarre" that it's difficult for some people to grasp. It's something that took a good amount of time to actually click in my head as well.

Also taking note that having something totally digital would sound BS to a boomer; pretty much the same people who say "buying videogame items is useless because you can't actually hold it", whereas a younger person who play videogames with economies(e.g. RuneScape, CSGO, etc) would grasp it a lot easier.

[Obito]

Trying to understand their thinking, I think it's simply because the concept of Bitcoin and it's decentralization is just so new and "bizarre" that it's difficult for some people to grasp. It's something that took a good amount of time to actually click in my head as well.

Which also tells me that these people are close minded because they don't even try to at the least understand it but they conclude on judging it, they could also be a bitter asshole that doesn't want the new generation to have fun or experience something new.

[mk4]

Which also tells me that these people are close minded because they don't even try to at the least understand it but they conclude on judging it, they could also be a bitter asshole that doesn't want the new generation to have fun or experience something new.

Yep. There are people who don't spend a bit of effort to try and understand it, there are people who fail to understand or totally misunderstand it, and people who are just bitter because they "missed out". It's just typical human psychology, which pretty much exists in a lot of things not only with Bitcoin, cryptocurrencies, and investments in generael.

[ranochigo]

You have to realize that good quality and objective journalism is basically non existent in this day and age. They would do anything to sensationalize them, even if it means that they're providing baseless and inaccurate information.

People are more than willing to consume them and support the rhethoric. When someone like Elon Musk says that Bitcoin isn't environmentally friendly, people tend to just listen to him and not do any research.

That, and people just loves to spread FUD and fake news. It's quite common.

[Obito]

~snip

Yep. There are people who don't spend a bit of effort to try and understand it, there are people who fail to understand or totally misunderstand it, and people who are just bitter because they "missed out". It's just typical human psychology, which pretty much exists in a lot of things not only with Bitcoin, cryptocurrencies, and investments in generael.

I hope that that kind of mentality is going to go away in the next generation because I feel like being a close minded person is one of the many things that is holding back our society from progressing for the better.

[slaman29]

Get used to it. Do you know that also in the rally or every bull run, a lot more people who do not understand Bitcoin also say false things about it?

We take the positive easily yet we do not take the negative as easily. We have to learn to live with both in the end because they actually exist in equal measure, just we only hear the bad shit when it's a down market like now.

[Poker Player]

Another thing that hasn't been mentioned here is that many people attack bitcoin because they didn't buy at the time, are still not buying, and deep down they want bitcoin to go to shit to see that their decision was the right one. Conversely, if bitcoin keeps going up, deep down they know how dumb they were for letting such an opportunity slip away.

There are other variants of this, such as those who bought high and sold at the drop in price for FUD.

Just because Bitcoin has been the most profitable asset of the last 10 years doesn't mean that there aren't people who have lost a lot of money investing in it. And many of those people attack it at the slightest drop in price.

[mk4]

I hope that that kind of mentality is going to go away in the next generation because I feel like being a close minded person is one of the many things that is holding back our society from progressing for the better.

Don't get your hopes up. Ignorance has existed since the dawn of humanity, and will continue to exist until the demise of humanity. It's almost as impossible as hoping that bad people to hopefully cease to exist; they will always exist.

[DapanasFruit]

That makes Bitcoin really more amazing. On one hand, we have a growing number of people who are convinced of the many contributions that Bitcoin so far made towards the way people are using money, banking and finance...on the other hand are people who failed to get the importance of Bitcoin, and yet they still manifested hate towards it. As long as Bitcoin is existing and will continue to be growing, there will always be critics and they are getting the light of the day especially if Bitcoin is having a downturn. One thing we have to remember is that something can be attacked all because it is already significant and is a game-changer, otherwise critics will be ignoring.

[sherryDEFI]

I believe that when Bitcoin rises, many people are unwilling to be jealous; when Bitcoin falls, many people take the mercy of gloating and rejoice, feeling that only fools can vote. Bitcoin and blockchain are not easy to understand, and most of the cognitive scope lacks such things.
1. People who understand technology do not necessarily understand Bitcoin.
2. People who understand economics do not necessarily understand Bitcoin.
There is no right or wrong in conceptual things, at least not so many right and wrong. Some people can't understand this.

[Aliceooo78]

they are eager to grasp short-term profit and they couldn't take the risk followed. in their mind, providing that Bitcoin is not a fraud, once they invest in it, then money will flow in. Or Bitcoin should be slandered...really childish! you invest and then you bear the peril in it. that's how it works. they don't believe in Bitcoin and they don't deserve the wealth Bitcoin brings. All in all, they fall short in terms of knowledge about blockchain and Bitcoin and other cryptocurrencies.

[Sanugarid]

After the recent bleak market. Many people do not even understand the basic principles of Bitcoin and blockchain knowledge, so they attack Bitcoin. What kind of mental state is this?

I think they're people who want a get-rich-quick scheme and do not have any risk management when it comes to investment so just ignore them and stay focus on your goal. You won't learn anything from them and will just drag you down.

[ropyu1978]

why they slander bitcoin, there are some jealous bitcoin competitors, because bitcoin has been around for a long time and is very accepted by people who play with the internet, there are also some bitcoin haters, they want to seek sensation, and want to make profit, by slandering bitcoin, and the price of bitcoin is falling, they continue to collect butcoins ..

[thegoatiest]

I have a friend who never has touched bitcoin or crypto. He doesn't understand or trust it.
He's cheering the decline - as it proves his bias. But he'll be annoyed when it rises again.
Emotions. Personal Bias. Deep seated beliefs.
In a nut-shell.

[Obito]

~snip

Don't get your hopes up. Ignorance has existed since the dawn of humanity, and will continue to exist until the demise of humanity. It's almost as impossible as hoping that bad people to hopefully cease to exist; they will always exist.

I am just being optimistic, of course hoping isn't a bad thing. But to counter your argument that ignorance is here to stay, it will only stay if we don't do a thing about it, if we ourselves become parents, we can always pass down our open mindedness and positive trait to our kids in the future and if enough parents per generation do that, we might be able to eliminate ignorance.

[Wexnident]

Why would they even bother understanding it, if they don't give a sht, then they won't easy as that. I'm pretty sure you won't look up pretty much anything if you aren't given a damn good reason, and that reason itself is subjective so it's no use trying to understand why they can't understand it. It's like telling an art student that a math theory exists, and the art student is like "so?" kind of feeling. Of course, that isn't the case for some people, but hey, those cases are rather rare imo even.