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

[Tarin Hart]

People's ignorance of bitcoin and fear of the unknown lead to the fact that most people get bitcoin information in two levels.

This makes people ignore the fact that they should be qualified to evaluate them after further understanding.

[fileo]

They worry because they believe the third information. They should do their own research to understand very well what is Bitcoin and Blockchain.

Many people too are so lazy that couldn't even search the risk and benefits of being in crypto ecosystem.

[jellylily]

Many people don't really care about whether Bitcoin is a scam. They just want to get a sense of "I'm right" after expressing their opinions on something. They are poor people, a bunch of poor people who talk endlessly but take care of him as soon as they get the money. Sometimes I feel that I have seen a lot in the currency circle, but I am often ashamed, because occasionally I am also one of those poor people. So I always remind myself that I can be constrained by my own insights, but I cannot stop reflecting and learning. Maybe I know a lot about the currency circle, but I'm sure I know very little.

[Paisleyvn]

Most detractors and critics of Bitcoin do not understand the history of Bitcoin. They believe that fiat currency is the only right way. Most of these people lose money because of Bitcoin, they lack knowledge of Bitcoin, and they have no basic self-judgment on investment. People will not earn money beyond their own knowledge. If you want to invest in Bitcoin, you must have certain market knowledge and self-worth judgment.

[Kiley33]

Because people are easily swayed by what others say about unknown things. You will see some negative preconceived ideas and think it is bad, but if you first understand the good side, you think this is more reliable.

[marilynmanson21]

the concept of Bitcoin and its decentralization is so new and "weird" that it's hard for some people to understand it. And it took a lot of time to really click in my head until this second I also don't understand the working system.the slander that bitcoin gets is usually from those people who want to make short-term gains and they can't risk following. in their minds,and usually people who are losing in bitcoin profits which are bad at the moment

[Kasabus]

the concept of Bitcoin and its decentralization is so new and "weird" that it's hard for some people to understand it. And it took a lot of time to really click in my head until this second I also don't understand the working system.the slander that bitcoin gets is usually from those people who want to make short-term gains and they can't risk following. in their minds,and usually people who are losing in bitcoin profits which are bad at the moment

Those people who came to slander bitcoin does not know everything about bitcoin. It's like they refuse to learn or their minds are totally closed when it comes to new innovations. Having bitcoin as a decentralized currency is something new for everyone because we are used to fiat which is definitely controlled by the state.

New investors come into bitcoin hoping to make bigger profits but when the market suddenly drops and lose their expected profits, they turn their backs into bitcoin and even call bitcoin a scam. Those are definitely the same people who are closed minded and just came by to slander bitcoin.

[Caldear]

They lack knowledge of Bitcoin and have no basic judgment on investing in Bitcoin. If you want to invest in Bitcoin, you must have a certain market and self-worth judgment. They misunderstand the basic principles of blockchain, people cannot understand or have difficulty understanding and accepting things they cannot touch, and they don’t know its advantages. Most Bitcoin critics don't understand the history of Bitcoin. They lost money because of Bitcoin and didn't make a profit from it. So some investors started to talk negatively about Bitcoin.

[pixie85]

Failed expectations are the main reason.

A new investor goes about it like this:
Reads, gets hyped, buys, sees first profit, buys more, it goes down and he loses some projected profits, he sells everything in panic at a loss and cries about how bitcoin is manipulated.
He loses projected profits because when you invest $100 and it goes up to $200 but then goes down to $100 you haven't lost anything. Most people think the situation is dire but it's not. They just see red candles and think it's all over for them but the profit they saw was never realized so it wasn't their money.

Most traders sell because they see things as worse than they really are and the other way round, they buy because they see things as better.

[Chato1977]

Because people are easily swayed by what others say about unknown things. You will see some negative preconceived ideas and think it is bad, but if you first understand the good side, you think this is more reliable.

And that's what brings market down everytime , they don't even spend some effort and time to check the reality but they will jump into conclusion about what others put in their mind.
this Brings BS to the whole community and this must be change .
Bitcoin is the best asset/currency people has ever had so lets treasure this.

[Kiley33]

If they slandered Bitcoin without knowing it before, it may be that they have seen some negative news, because no one hates something for no reason. Or after they bought the first coin, the price fell and lost profits, and they didn't believe in cryptocurrencies since then. When they understand Bitcoin, they will find that they are wrong.

[Sithara007]

In many cases, jealousy is the reason. For example, take the case of Warren Buffet. He has constantly derided Bitcoin, because he can't admit that those who invested in cryptocurrency got a much better return than his investment with stocks. His issue is not that Bitcoin is unregulated or not scalable. His issue is that he couldn't make profits out of it. The same can be said about some of the other billionaires as well, such as Elon Musk and Mark Zuckerberg. They turned against Bitcoin, because it was creating a lot of wealth for those who invested in it.

[TOM Bb]

It seems very normal. In the bull market, many people use Bitcoin to make big money. It's a bear market now, and everyone is naturally discouraged and disappointed. Few people understand cryptocurrency, it's just a tool for making money for them.

[Liamttw]

They have not studied Bitcoin seriously and have a certain misunderstanding of Bitcoin. The price of Bitcoin fluctuates greatly, and when the price of Bitcoin drops, people will panic about it, they will have a negative view of Bitcoin. They don't have enough knowledge of Bitcoin, and they don't have a correct understanding of the value of Bitcoin. When they really profit from Bitcoin, they will like to invest in Bitcoin.

[Mpamaegbu]

It's not that they all don't understand Bitcoin that's why they slander it, it's just the envy of missing out on it when it was very cheap to acquire. That thought of, "If I can't have it, nobody should." I think that's what they're working on to thrash mouth Bitcoin. So, whenever I read such FUD on Bitcoin I just take the news/article with a pinch of salt. No biggie.

[AicecreaME]

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?

IMO, these people's thinking is just too shallow that they can't comprehend the concept of bitcoin presented to them. Bitcoin is known to be decentralized in nature and it is volatile. If they can't grasp the idea presented using videos and articles, then I think it is partly their fault because most sources and information are now available online. There is even a platform like this forum to provide additional knowledge for the newbies and those people who are looking up to something to learn new things about cryptocurrency.

Ignorance is dangerous. We must always feed our thoughts new information of something we want to enter, experience, and be expert on. If we will just rely on gossips and baseless information, then we should not expect great outcome. I just always find it funny that most people who try to damage bitcoin's reputation are usually the ones that aren't knowledgeable and aware about it. I kind of think that these people are just seeking attention and just don't want other people to fluorish as well.

[bitzizzix]

Why do so many people who don't understand Bitcoin slander Bitcoin?
yes the reason is because they do not understand and have no knowledge about bitcoin and besides that they are losers who have experienced losses or were deceived which made them turn to hate bitcoin and even become provocateurs.
hate and love will always exist in any field and both can turn things around, so I think that something like that is a natural thing, the most important thing is how people react to it, especially those who are already in this industry so as not to be affected, especially beginners.

[clint25n]

this is more about news about bitcoin because what is reported by the media minus the impact will be very bad in the eyes of the public, it is not only related to bitcoin because it affects in any form, especially the common people don't know at all how the ins and outs or the performance of wasting crypto, because people only see the results which are very instant even overnight the results can change, I think so

[ropyu1978]

It's not that they all don't understand Bitcoin that's why they slander it, it's just the envy of missing out on it when it was very cheap to acquire. That thought of, "If I can't have it, nobody should." I think that's what they're working on to thrash mouth Bitcoin. So, whenever I read such FUD on Bitcoin I just take the news/article with a pinch of salt. No biggie.

what you say can be accepted by our common sense, but every hatred must have its own reason, maybe they believe too much with negative news about bitcoin, don't know that's why they don't love it, it's better before we slander something, it would be better if we understand learning, and study it, and ask people who have played with crypto money for a long time, if we hate the things we don't understand, we will forever be losers..

[Renampun]

because they only think based on their narrow understanding...

if they have an open mind and are willing to learn Bitcoin then they will definitely be able to accept Bitcoin and not slander it. after all only people with low IQ slander things, that they don't know.