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Author Topic: Why do many people who do not understand Bitcoin slander Bitcoin?  (Read 945 times)
Chathusand
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May 30, 2021, 10:31:19 PM
 #41

This is what it means to be in a condition of ignorance. And it happens all the time, whether the market is in a bull market or a bear market. It stays the same. The only difference between a bull market and a bear market is that people's attitudes move from bullish to bearish. But they still have no idea what Bitcoin is, other than the fact that it provides them money on good days. In the bathroom,

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May 30, 2021, 11:00:18 PM
 #42

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.
I think that is very normal psychology of investors. If Bitcoin goes up and they make money, they will be happy and comfortable, but if Bitcoin goes down, they will panic and sell. Anyone who invests money without wanting to earn a profit. When the market fluctuates, if you firmly hold Bitcoin in your hand and luckily pass it, then the market goes up and you get rich again. But if the market is falling and shows no signs of recovery, sell early to avoid heavy losses.



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May 30, 2021, 11:13:08 PM
 #43

Competition.

They don't like it and aside from not knowing it, the only thing they know is that it's going to be a threat to their business or whatever they're working it. And instead of embracing it, they don't have choice even they don't understand it, they're attacking it.

That's the closest reasons of what I can think of why they do that.

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May 30, 2021, 11:41:22 PM
 #44

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.
I think that is very normal psychology of investors. If Bitcoin goes up and they make money, they will be happy and comfortable, but if Bitcoin goes down, they will panic and sell. Anyone who invests money without wanting to earn a profit. When the market fluctuates, if you firmly hold Bitcoin in your hand and luckily pass it, then the market goes up and you get rich again. But if the market is falling and shows no signs of recovery, sell early to avoid heavy losses.

The normal psychology of investors is that when the situation is in their favor, they will say good things about Bitcoin. But when the market
goes down, it makes investors lose money. So some investors started talking negatively about Bitcoin. That's a natural thing that often happens in
the investment world, therefore the importance of experience and knowledge to be able to continue to trust Bitcoin. Because I believe investors
who have knowledge and experience are less likely to say negative things about Bitcoin.

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May 30, 2021, 11:56:19 PM
 #45

Competition.

They don't like it and aside from not knowing it, the only thing they know is that it's going to be a threat to their business or whatever they're working it. And instead of embracing it, they don't have choice even they don't understand it, they're attacking it.

That's the closest reasons of what I can think of why they do that.
For me, it's mostly because of lack of self-knowledge and ignorance. You would not want to destroy bitcoin if you only know how it works and the high volatility it has. And i understand that most of them who are attacking bitcoin are newbies. If they can't cope up with the fast changing crypto market, then crypto is not meant for them.

I used to rant about bitcoin before and how i made losses from it but when the time comes that i have fully understood about bitcoin, it suddenly changes my own perspective. Now, even if i see dumps in crypto, i just sit and relax while enjoying the ride. After all, this bearish season also gives us the opportunity to accumulate more bitcoin.

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May 31, 2021, 12:50:22 AM
 #46

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?

That's how they are in real life and what do you expect for them when they see something trending on the internet? of course, they gonna join the discussion without even knowing the roots and cause of it. it's like an automatic conversation where they haven't enough basic knowledge but when they discussed with people, you think that they've been here since the early stage of Bitcoin. I bet most of these guys don't even know who the founder is. The market situation got even worse whenever these guys open their mouths and worsening the current market situation with their own speculations.

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May 31, 2021, 01:19:47 AM
 #47


the scams linked to bitcoin probably made them decide to get disinterested and hate BTC. somehow some internet users disnt realized they can buy a fraction of BTC. but since they see the price is so high, they just shake heads and presumes its a scam.

if they are from stock market like warren buffet, the there is nothing to wonder why they hate BTC.

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May 31, 2021, 01:19:47 AM
 #48

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?

This is exactly how Nuclear energy feels  Wink
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May 31, 2021, 03:04:35 AM
 #49

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?

BITCON is a ponzi pyramid scam, get over it, and enjoy the ride.


Understanding the C++ of BTC, doesn't help you understand the human psychology of greed&fear. Blockchain, in CS called linked-list is like 1950's tech.

What kind of mental state were you in, when you posted this question? To slander BITCOIN is to slander God, off with their heads right?
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May 31, 2021, 03:06:46 AM
 #50

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?

BITCON is a ponzi pyramid scam, get over it, and enjoy the ride.


Understanding the C++ of BTC, doesn't help you understand the human psychology of greed&fear. Blockchain, in CS called linked-list is like 1950's tech.

What kind of mental state were you in, when you posted this question? To slander BITCOIN is to slander God, off with their heads right?

Nuclear energy understanding requires years of physics&math education; Any fool can buy BTC and claims he understand's it.

You can memorize the entire C++ BITCOIN CORE source base, and still not understand the why the PONZI went to the moon. Shit happens, and BTC is just another shitcoin, of 10k+ now created.
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May 31, 2021, 09:50:48 AM
Merited by Gatorelf (1)
 #51

There is an old Chinese saying that you can’t eat grapes and say grapes are sour. There is no need to bother about their dissemination of FUD, we just need to be ourselves in the fall. For people who have not participated or have not experienced cryptocurrency, they will feel jealous when they see others making money. Only by slandering Bitcoin and seeing its price drop will they be happy. At this time, the forum is full of Ponzi schemes, waste of energy and other opponents. For me, it just strengthened my belief in long-term investment. The more people who don’t understand Bitcoin, the bigger the potential market for Bitcoin.
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May 31, 2021, 01:18:50 PM
 #52

There is an old Chinese saying that you can’t eat grapes and say grapes are sour. There is no need to bother about their dissemination of FUD, we just need to be ourselves in the fall. For people who have not participated or have not experienced cryptocurrency, they will feel jealous when they see others making money. Only by slandering Bitcoin and seeing its price drop will they be happy. At this time, the forum is full of Ponzi schemes, waste of energy and other opponents. For me, it just strengthened my belief in long-term investment. The more people who don’t understand Bitcoin, the bigger the potential market for Bitcoin.

I would agree with you, but it is a combination of jealousy and ignorance. There are ultra-rich people like Warren Buffet who are jealous at Bitcoin users. And on the other hand, there are less tech savvy users who are against Bitcoin, simply because they don't have enough information about it. It is basic human nature to be afraid of things that we don't know. But this should go away, as the awareness about cryptocurrencies increase among the general population. But at the same time, the jealously of the ultra-rich is not going to go away.

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May 31, 2021, 01:33:58 PM
 #53

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?
Understanding the core and technical concept of Bitcoin is not an easy task for newbies who have just heard about Bitcoin.They can't figure out how does money supply flows in the network and how transaction are settled on decentralised manner.They have just invested in bitcoin due to hype and profits but when market crash they don't know what will happen next and start playing panic blame game on Bitcoin under the ignorance and less or zero knowledge of Bitcoin.The more people understand Bitcoin the more they favour it unless you are not share market influencer or banker who dislike Bitcoin concept.So they try to release their loss frustration with such post nothing else.

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May 31, 2021, 05:07:38 PM
 #54

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?
Simply because they don't know how the market works. They are attacking bitcoin and blaming bitcoin just because on what happened on the market in which the market break. People are having the frustrations on what would be the possible chances of the sudden market break. Another thing is that simply they are ignorant who doesn't know how the market works and also the ignorance to a certain topic or subject will makes you worse. Let's just enjoy the market ride through the up's and down's of the market.

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May 31, 2021, 05:15:18 PM
 #55

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?
Simply because they don't know how the market works. They are attacking bitcoin and blaming bitcoin just because on what happened on the market in which the market break. People are having the frustrations on what would be the possible chances of the sudden market break. Another thing is that simply they are ignorant who doesn't know how the market works and also the ignorance to a certain topic or subject will makes you worse. Let's just enjoy the market ride through the up's and down's of the market.


Proper understanding and wide engagements will simply enhance your knowledge about this market, if you don't have that much

exposures you'll find yourself lining up with those people who blames Bitcoin.

Before you enter this venue of investment, it's always best to find informative venues to learn deeper. It will start your journey after

you completely understood why you'll going to take part and what are the potentials of your investment.

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May 31, 2021, 05:20:48 PM
 #56

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?
Be happy that you are not one of them. The thought must be a ridiculous thing to raise as a critical issue. I wouldn't blame them for never believing in bitcoin and I tried to ignore them for their ignorance of how it worked. They are not enemies, but their slander and ignorance will only increase others to know bitcoin and how it works.

Understanding the core and technical concept of Bitcoin is not an easy task for newbies who have just heard about Bitcoin.
Everyone will never be forced to understand bitcoin technically and maybe newbie shouldn't need to (if not interested). Just understand bitcoin as a currency and other innovation because it has given them many benefit from bitcoin compared to other investment instrument and currencies.

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May 31, 2021, 06:44:31 PM
 #57

Competition.

They don't like it and aside from not knowing it, the only thing they know is that it's going to be a threat to their business or whatever they're working it. And instead of embracing it, they don't have choice even they don't understand it, they're attacking it.

That's the closest reasons of what I can think of why they do that.
For me, it's mostly because of lack of self-knowledge and ignorance. You would not want to destroy bitcoin if you only know how it works and the high volatility it has. And i understand that most of them who are attacking bitcoin are newbies. If they can't cope up with the fast changing crypto market, then crypto is not meant for them.

I used to rant about bitcoin before and how i made losses from it but when the time comes that i have fully understood about bitcoin, it suddenly changes my own perspective. Now, even if i see dumps in crypto, i just sit and relax while enjoying the ride. After all, this bearish season also gives us the opportunity to accumulate more bitcoin.
Perfect example.

That's another reason why they're attacking bitcoin and as long as you don't understand it, you're just going to complain about it and will look at the negative attributes that you're longing to look at.

But you'll never take a look to the positive that it has brought to many people in the community and that's why they keep on slandering bitcoin. Because they think that they're superior and understands more than us.

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May 31, 2021, 06:47:33 PM
 #58

BITCON is a ponzi pyramid scam, get over it, and enjoy the ride.

Fool. You don't even know what a pyramid scheme or a ponzi scheme is. You are just using those words because you have seen other people use them.

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May 31, 2021, 06:58:28 PM
 #59

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?

Many people are looking over the shoulder to any people who succeed somehow, lets say luck and than started to invest(BAD and in the innappropiate time) small amounts and the only ones in Bitcoin and of course they loose it, because of what you said, they dont understand the basic principles, they are heading in the wrong direction inspired by.....i cant find the perfect word for this.
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May 31, 2021, 07:14:39 PM
 #60

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?
Because they think that bitcoin is the biggest threat to the financial system in each country, it will harm their economy. Another fact that they don't understand is bitcoin will I guess may use in illegal activities such as fraud or any scams that bitcoin may use as a currency. Plus, they don't implement a tax on bitcoin holders which is most governments do always asking tax.

There are too many reasons why people don't understand it even most governments because they only think about how they will benefit on bitcoin but they did think how the true usage of it.

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