What hatred do people have for Bitcoin?

[Oilacris]

Hatred is mold when you havent able to meet up your expectations towards your investment.You would definitely hate Bitcoin is you do expect too much on making money.

You should think that every investment does have corresponding risk and would still require some work for you to earn profits and in the time that you hadnt meet your expectation
then this is where hate would come from.

When you are aware on the first place then you wouldnt really get that frustrated.

[adzino]

Some folks despite the visible positive impacts of cryptocurrencies and reviews from Jack Dorsey, Elon Musk, Michael Saylor and other popular crypto advocates have refused to change their stance on it. They don't just oppose Bitcoin or other cryptocurrencies but they wish it would die. For example, Buttcoin is a reddit forum where Bitcoin is "crucified" daily. In that forum, Bitcoin has been called "a scam", "a negative sum game". Also, David Gerald who is an anti-crypto activist has publicly cleared his hatred for cryptocurrencies and blockchain technology. According to him, “I think the future of cryptocurrencies is that it will become increasingly regulated and normalised. People want regulation of this because they want to know where they stand and what they can do with this sort of thing. I think that speaking technically they are junk-quality assets. They are not backed by anything they are volatile as hell. They have a price because people will pay for them and that’s all.”

My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?

You will find two kind of haters over here. One of them invested when the price was high and sold when the price was low, thus incurring a loss. Others are the one that hate bitcoin because they didn't invest when they had the opportunity to. They think the price is now high, its too late and they lost the opportunity. Hence, all they do now is hate crypto currencies with passion. People that call bitcoin scam, don't know how it works. If they educate themselves about crypto currencies even a little, they might change their opinion. But they don't bother doing that. Too much work for them. Easier to call it a scam.

[dothebeats]

Some people just love to hate what they don't understand. Some have grudges on new and current tech because it contradicts what they previously believed on. People will always have their own personalized reasons as to why they don't want a certain something, and I guess that's okay for as long as they don't really become a nuisance to some other people or groups of people that have differing beliefs than them.

Well, I guess let the hatred flow from their veins and be done with it. There's nothing we can really do about it honestly.

[Shasha80]

Some folks despite the visible positive impacts of cryptocurrencies and reviews from Jack Dorsey, Elon Musk, Michael Saylor and other popular crypto advocates have refused to change their stance on it. They don't just oppose Bitcoin or other cryptocurrencies but they wish it would die. For example, Buttcoin is a reddit forum where Bitcoin is "crucified" daily. In that forum, Bitcoin has been called "a scam", "a negative sum game". Also, David Gerald who is an anti-crypto activist has publicly cleared his hatred for cryptocurrencies and blockchain technology. According to him, “I think the future of cryptocurrencies is that it will become increasingly regulated and normalised. People want regulation of this because they want to know where they stand and what they can do with this sort of thing. I think that speaking technically they are junk-quality assets. They are not backed by anything they are volatile as hell. They have a price because people will pay for them and that’s all.”

My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?

You will find two kind of haters over here. One of them invested when the price was high and sold when the price was low, thus incurring a loss. Others are the one that hate bitcoin because they didn't invest when they had the opportunity to. They think the price is now high, its too late and they lost the opportunity. Hence, all they do now is hate crypto currencies with passion. People that call bitcoin scam, don't know how it works. If they educate themselves about crypto currencies even a little, they might change their opinion. But they don't bother doing that. Too much work for them. Easier to call it a scam.

Even though Bitcoin has proven to be good and provides many benefits for human life, we can't make everyone like Bitcoin. There are always people
who hate Bitcoin, for a variety of reasons. If I look at your explanation of the two types of people who have a hatred for Bitcoin, it's their own fault.
Not studying Bitcoin properly and they end up not understanding how Bitcoin works. It is very difficult for those who hate Bitcoin to change and correct
their mistakes, but they will find it easier to blame Bitcoin, from the failures they experienced in the crypto world. In the end, there will always be
two camps: Bitcoin supporters and Bitcoin haters. We ourselves ultimately have to choose which side we want to be.

[sunsilk]

There's no need to know the back story of these people, if they plainly hate bitcoin that only means that it's blocking whatever asset they're supporting.

This is very common that a banker or an 'expert' economist will always hate bitcoin because it doesn't go with the standards that they've been living in for years. We don't have to think of them, bitcoin will continue to thrive even if these haters will grow in numbers, we'll outnumber them and they'll eventually bandwagon.

[Vaculin]

From what I take is that they hated Bitcoin for no reason, they only just want to manipulate the market but they fail to do it that is why they will find a way to ruin it. But it was very fortunate that they just only fail, like I said, they never do good things in crypto but just only spreading negative. They become unreasonable now, these people are proven to have a greedy souls and they live that forever.
Only just to show that they are competing against Bitcoin.

[taufik123]

Those who hate bitcoin are those who never had a chance to own bitcoins when the price of bitcoin was so cheap. they hate the current bitcoin price because they don't have bitcoin stock. people who have a lot of bitcoins will certainly have a lot of money today. The story behind those who hate bitcoin is also because they experience a lot of losses when investing. they just invest without knowing what to do. There will always be pros and cons of bitcoin.

[Rengga Jati]

My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?

Some are here:
- They don't really know about Bitcoin but only believing in the bad issues about Bitcoin from Media. Media has a big influence to people thinking and opinion so far
- They were scammed by certain groups/parties/fake exchange /sites / other scammers and lost much money because they expect big profits in the short term by investing in them, but in fact, nothing they get and their money lost. Then, they hate Bitcoin
- They lose much money because losing on trading, being panic because Bitcoin price drops time to times
- High ex[ecttaion, low reality
- They don't like Bitcoin because they are afraid of being compared or competed with other people who become rich because of Bitcoin

[Charot12345]

Some folks despite the visible positive impacts of cryptocurrencies and reviews from Jack Dorsey, Elon Musk, Michael Saylor and other popular crypto advocates have refused to change their stance on it. They don't just oppose Bitcoin or other cryptocurrencies but they wish it would die. For example, Buttcoin is a reddit forum where Bitcoin is "crucified" daily. In that forum, Bitcoin has been called "a scam", "a negative sum game". Also, David Gerald who is an anti-crypto activist has publicly cleared his hatred for cryptocurrencies and blockchain technology. According to him, “I think the future of cryptocurrencies is that it will become increasingly regulated and normalised. People want regulation of this because they want to know where they stand and what they can do with this sort of thing. I think that speaking technically they are junk-quality assets. They are not backed by anything they are volatile as hell. They have a price because people will pay for them and that’s all.”

My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?

I think it was due to misunderstanding about what bitcoin really is. Most common people who hate bitcoin are newcomers, close-minded and already give up on understanding more of it. Or maybe they are swallowed by their greed to earn easily and faster but they didn't successfully did it that leads them to think and convinced that it was only a scam.
Or maybe they didn't get what they are expecting from it.

[xSkylarx]

Some folks despite the visible positive impacts of cryptocurrencies and reviews from Jack Dorsey, Elon Musk, Michael Saylor and other popular crypto advocates have refused to change their stance on it. They don't just oppose Bitcoin or other cryptocurrencies but they wish it would die. For example, Buttcoin is a reddit forum where Bitcoin is "crucified" daily. In that forum, Bitcoin has been called "a scam", "a negative sum game". Also, David Gerald who is an anti-crypto activist has publicly cleared his hatred for cryptocurrencies and blockchain technology. According to him, “I think the future of cryptocurrencies is that it will become increasingly regulated and normalised. People want regulation of this because they want to know where they stand and what they can do with this sort of thing. I think that speaking technically they are junk-quality assets. They are not backed by anything they are volatile as hell. They have a price because people will pay for them and that’s all.”

My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?

I think it was due to misunderstanding about what bitcoin really is. Most common people who hate bitcoin are newcomers, close-minded and already give up on understanding more of it. Or maybe they are swallowed by their greed to earn easily and faster but they didn't successfully did it that leads them to think and convinced that it was only a scam.
Or maybe they didn't get what they are expecting from it.

They have always believed that bitcoin is a pyramiding scheme, and those who have invested in a double your money scheme or HYIP and have been scammed will tell others that bitcoin is a scam, even though it was the person who deceived you and he simply used bitcoin as payment. Newcomers and those without knowledge generally despise bitcoin because they either don't understand it, scammed by others, or are simply jealous of those who can afford to buy a bitcoin.

[bitterguy28]

My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?

I don't think that there are literal people that Hates bitcoin that Bad aside from those people that stupidly invested in bitcoin when they still don't understand the market , those people that had been ruled inside to invest when the market is bullying but sad part is close to bearishness that is why they had been trapped inside.

[EvieLannister]

If some people understand that Bitcoin is a negative article published through the media, they will preemptively regard Bitcoin as a bad currency.
There are also some newcomers who are new to cryptocurrency. If he loses money in the market, then he will not trust Bitcoin and think that Bitcoin is not good.
There will be people who believe in the government, believe in fiat currencies, and feel that cryptocurrency is insecure if they haven't been exposed to Bitcoin.

[Darker45]

I should say that many people who oppose Bitcoin to the bones are those who do not understand Bitcoin at all. The rest are those who are benefitting from the status quo, those who are threatened that if Bitcoin will one day render fiat obsolete, they, too, or their businesses would also become obsolete. Or perhaps there are also those who have already learned to embrace, or even enjoy, the life under the control and power of other people.

But I am honestly interested to hear them objectively argue against the fundamental features of Bitcoin which make it less promising than it seems.

[cabron]

It makes sense to hate Bitcoin when they don't have Bitcoin. But there has to be a motivation behind the hate which could be because the government had opposed decentralized Bitcoin. SEC had manifested it recently through Gensler's speech. Even if he is a fan of Bitcoin from the beginning, his heart changed. Bitcoin being decentralized is one thing to hate especially the government.

The government looks at Bitcoin as resistant to control and the Bitcoin community also looks at the government as resistant to the technology development.

[BuyingBitcoin]

The hatred is coming from Hedge Fund maximalists, Gold maximalists and Silver maximalists.

I remember years ago in 2013 a Silver maximalists made Youtube videos attacking Bitcoin. That ignorant Silver maximalists scared me away from Bitcoin. Bitcoin was at it's best price back then.

[ethereumhunter]

The hatred will always be hatred, no matter how hard you try to change or explain that thing. If they really hate crypto and try to make bitcoin down by spreading much bad news about bitcoin, we can not stop them and need time to understand what cryptocurrency is. If they really do not want to know about crypto, they will be like that. But once crypto becomes global, they will start thinking that what they did so far is wrong and slowly will open their minds and rethink accepting bitcoin as others. Maybe some of them lose a huge amount of money initially and can not accept that. There are a reason why they did that and we do not know the truth.

[Kimberl2020]

Traditional investment philosophy values whether to generate continuous cash flow. Obviously Bitcoin does not meet their standards. You will find that they not only hate Bitcoin, but also hate gold.

Digital currencies talk about consensus, and where is the consensus reflected. It's actually a transaction. Bitcoin as a currency. It does not generate value by itself, its value comes purely from transaction and liquidity. Based on sufficient liquidity, it can serve as a general equivalent, so it has stored value.

There is no liquidity in their investment philosophy, and the core value of Bitcoin lies in liquidity.

[awik p]

The hatred will always be hatred, no matter how hard you try to change or explain that thing. If they really hate crypto and try to make bitcoin down by spreading much bad news about bitcoin, we can not stop them and need time to understand what cryptocurrency is. If they really do not want to know about crypto, they will be like that. But once crypto becomes global, they will start thinking that what they did so far is wrong and slowly will open their minds and rethink accepting bitcoin as others. Maybe some of them lose a huge amount of money initially and can not accept that. There are a reason why they did that and we do not know the truth.

sometimes we find it difficult to distinguish between hate and strategy in crypto through good news and bad news so that it affects price formation. someone who spreads hateful news about crypto may be expecting the price of crypto to decrease so that with large capital he will buy and turn around to spread good news, so in essence they don't really hate cryptocurrencies

[Xinarae*]

The reason people hate bitcoin is because they have no knowledge of the market and are hating bitcoin after losing everything in the face of greed. It is foolish to hate bitcoin it is a very lucrative currency and the demand for crypto market currency is much higher they are jealous of the high price of bitcoin because they do not have enough bitcoin to hold. Many people will be in danger if these people suddenly leave the market therefore you have to know about the market first and then hold on.

[defi-Dany]

1.Generally speaking, it can be boiled down to: Bitcoin not only challenged their status symbol, but also challenged their fundamental value system and the foundation of survival, which is a blatant challenge to him.

2.Secondly, some people use MLM to promote it. Use Bitcoin as a cover to deceive people's money and make them suffer losses. So they hate Bitcoin.

3.People with national power will hate Bitcoin. Because Bitcoin is uncontrollable, they are afraid of feeling out of control.

Maybe one day, you will suddenly find that they have to change their minds! ? Because if they do not change, there will be no food left for them in the end!