Why are some individuals hostile to Bitcoin?

[Ziskinberg]

So many lies have been sold out about bitcoin and many have been confused about the truth. Bitcoin offers total financial freedom, and that the individuals who are involved in the traditional centralized financial institutions see bitcoin as an enemy of their success and existence. That is why there will always promote hate speech and actions against the freedom of bitcoin.

The negative bitcoin campaign has been massive since 2013, I've been interested in using bitcoin since 2013 because of negative news on online sites writing that bitcoin is a place for financial crimes such as arms transactions, drugs, tax avoidance, money laundering and so on, this makes me curious and until now still actively using bitcoin.

We can't put aside that Bitcoin has been used for some illegal activities and this was the basis why some people are contrary to Bitcoin's existence. I understand their claims but this is not the reason why Bitcoin is to be adopted as one of the legal currencies in the market. If we are only to believe all the negative thoughts that we've heard, it surely our mind will turn negative as well.

I'd once doubted Bitcoin, yeah, I wait for some proof and to see that majority are totally wrong saying that Bitcoin is just a scam and used for illegal activities. It was the time to open our minds as this was a new opportunity to make a better living, a new lifestyle.

[1714513744]

1714513744

[boled]

I think this is just a business problem, if bitcoin is getting more popular and more used by humans, their business will gradually be abandoned by consumers, which means their business will stop. The birth of Bitcoin indeed threatens the existence of their business, more and more people are aware that banking is no longer the only option for financial transactions, whether saving, investing, buying, and selling, even as a medium of exchange and payment. We all know that Bitcoin with blockchain technology provides many advantages, both in terms of security, privacy, and business.

Some of those who are aware of the advantages of bitcoin choose to compromise and include Bitcoin as one of the superior products, some still don't want to compromise but adopt blockchain as one of the technology systems they apply.

[Kittygalore]

Honestly, it's pretty silly to hate Bitcoin. It's just currency. And even if something did not work out for you, you should blame yourself.

Not for the people who was hostile to bitcoin, they either see it as a threat, a scam or a trauma. A threat because they might be working on a field that is threatened by the advent of bitcoin, scam because they are archaic and their mindset is that it has to be an established infrastructure to be considered an investment, and trauma because they got scammed using bitcoin that they find it hard to deal with them.

[DOH!]

I think, The people who are hostile to bitcoin are simple:
First: just because they have no way of controlling and influencing how bitcoin works.
Second: the influence of bitcoin is so great, it has many advantages that countless people including the government fear about the power of bitcoin.
Life has no unity and totality. Just some possible inconsistencies, it's not the first time.
Let's take a look at some conflicting opinions:

BILL GATES - MICROSOFT CO-Founder (25/2/2021)
"I think the people who jump into the crypto craze are people who don't have a lot of money. So I'm not optimistic about Bitcoin. Overall my view is: If you have less money than Elon Musk, should be careful".

ELON MUSK - Co-Founder, CEO TESLA, SPACEX 20/2/2021

“Money is just data that allows us to avoid the inconvenience of exchanging goods. That data, like any other data, has lags and errors. The blockchain system will help reduce both of these things to reduce both,"

ZHAO CHANGPENG - CEO BINANCE HOLDINGS LTD.

“We care about the fundamentals as a highly-freedom currency that allows people to transact globally cheaply and securely. If a virtual currency does that, I think it will benefit the whole society and be especially positive for the cryptocurrency sector."

In short, I think there are people who hate bitcoin as well as supporters or at least they are neutral to bitcoin. That is also normal and it almost never affects the development of bitcoin too seriously.

[AicecreaME]

People are hostile to things that they do not have the courage to invest in or do not have the funds. Most hostile is because they are jealous either they are jealous that you have the courage to invest in it or they are jealous that you have the money to invest in it. I have not yet met any one that has legit reasons to be hostile to Bitcoin. How can you be hostile to something that is trying to set the common person from its handcuffs? You cannot instead you have people who have other motives like wanting fiat to succeed because their institution relies on fiat to succeed like banks or you have people that are jealous.

I strongly agree.

Most people who are acting very hostile on bitcoin are mostly the people who don't even own one to begin with. I also have this guess that maybe they are like that towards bitcoin is because they don't have the means to buy it or invest in it. Hence, they just attack it and hate it so much to the point they spread fake news and FUDs to shaken those who invested in it. Enviousness is also one of the reasons. They don't want other people to invest in it. They want it all for themselves. They don't want to educate other people of its benefits that's why they do all the possible things to let Bitcoin's name be tainted on other people's eyes. These kind of people are greedy.

Other possible reasons could be they have been scammed, they aren't just knowledgeable enough, and they easily believe rumors and gossips they heard or read from different platforms.

[19Nov16]

Those who do not know very well about Bitcoin and have been making various negative comments about Bitcoin from the beginning, only make negative comments about Bitcoin on various social media.I avoid all these people all the time. Especially where the big businessmen of the world invest bitcoin, there is no need to listen to the small limestone.

As investors we have to be able to choose what we deserve to hear, everyone can talk about bitcoin without a good knowledge base, they are mostly afraid that their business is threatened because of bitcoin, the best thing is to focus on the goal and ignore what they say.

[rosenbauer02]

Because they are afraid of the development of bitcoin that can keep up with their business. Some didn't even know bitcoin works and some may have been scammed and afraid to use bitcoin again. Well, there are various reasons why they hate or being hostile to bitcoin.

[NeverSop]

Perhaps the word hostile here has a vulgar meaning, but actually I think that when it comes to human nature, perhaps they have been affected by their rights, opportunities or lost influence and benefits with others bitcoin under some ambiguity.  People tend to curse and envy what they don't have.  Bitcoin carries an independent and unique identity, anyone who does not trust, misunderstand or do not understand will lose the opportunity.

[mojun7982]

Those who do not know very well about Bitcoin and have been making various negative comments about Bitcoin from the beginning, only make negative comments about Bitcoin on various social media.I avoid all these people all the time. Especially where the big businessmen of the world invest bitcoin, there is no need to listen to the small limestone.

As investors we have to be able to choose what we deserve to hear, everyone can talk about bitcoin without a good knowledge base, they are mostly afraid that their business is threatened because of bitcoin, the best thing is to focus on the goal and ignore what they say.

But we should never fully exclude the possibility that there is some truth to what somebody says who really dislikes Bitcoin. I think it very much depends on the tone they choose to convey their points. As long as they argue with substance, or with a bit of substance, it can be worthwhile to listen to them as well. We can also be wrong at times. We most certainly are.

[Alert31]

Because they believe in fud than to believe in bitcoin and try to invest on it. They think bitcoin is a scam despite of the fact that bitcoin has a growing community. Others think bitcoin is a gambling and they are afraid to of losses.

[dunfida]

Those who do not know very well about Bitcoin and have been making various negative comments about Bitcoin from the beginning, only make negative comments about Bitcoin on various social media.I avoid all these people all the time. Especially where the big businessmen of the world invest bitcoin, there is no need to listen to the small limestone.

As investors we have to be able to choose what we deserve to hear, everyone can talk about bitcoin without a good knowledge base, they are mostly afraid that their business is threatened because of bitcoin, the best thing is to focus on the goal and ignore what they say.

But we should never fully exclude the possibility that there is some truth to what somebody says who really dislikes Bitcoin. I think it very much depends on the tone they choose to convey their points. As long as they argue with substance, or with a bit of substance, it can be worthwhile to listen to them as well. We can also be wrong at times. We most certainly are.

Everyone does have their own opinion and lets just respect to that because nothing on this world wouldnt really have any criticisms because people are way too different on thinking things which there would really be always those haters and those supporters.

Market couldnt really be challenging if all would really be sharing up on the same opinion and views. Being hostile or bitter into something is just normal because people are really having different views
and perceptions.

As a supporter then it do really sucks to hear off but its better to ignore it for you not able to make yourself stress.

[Qikiye]

It is not fair to expect that Bitcoin will slow down because some people hate it. Bitcoin's popularity has not come so far depending on a particular person. Bitcoin is a totally Its popularity peaks depending on the general public regardless of country or race. So even if someone has a negative comment about Bitcoin, it will not be able to suppress the popularity of Bitcoin.

[sherenikaw]

there are many opinions out there where many are in favor of bitcoin and there are also those who reject bitcoin for their own reasons. For myself, I believe in bitcoin, so I'm trying to deepen my skills so I can make better use of it. if many think that bitcoin is an enemy or a threat then it means they have not used it well. maybe that can happen because there are many people who also experience losses after investing bitcoin. either because of their carelessness or because they are not mentally ready. what is certain is that if you want to get the benefits of bitcoin then we must also be able to treat it well by managing the assets we have carefully and prepare a strong mentality

[Sihab76]

Cryptocurrency will always get people's comments, this is the basis of cryptocurrency. The world's largest entrepreneurs have often commented positively on Bitcoin, and the market has been booming.Again, the market for bitcoin is declining due to negative comments. This maintains the balance in the market.

[boled]

It is not fair to expect that Bitcoin will slow down because some people hate it. Bitcoin's popularity has not come so far depending on a particular person. Bitcoin is a totally Its popularity peaks depending on the general public regardless of country or race. So even if someone has a negative comment about Bitcoin, it will not be able to suppress the popularity of Bitcoin.

Actually, if we want to look at the positive side, then this is a free promotional tool, the more rich people openly oppose it, the more popular Bitcoin will be. Many people will almost certainly think "how is Bitcoin getting talked about more and more", if there is nothing special about Bitcoin then it is impossible to argue. If it is popular as it is today, we indirectly have a duty to provide the right education, straighten the news wisely.

[hichamito37]

For some time now I have constantly come across prominent individuals in society sponsoring hate speech against Bitcoin, most surprisedly These individuals either own traditional financial platforms such as banks and they are expected to be knowledgeable in investment and financial transactions and processes that seek to eliminate all the security challenges faced in the banking system through blockchain technology which give end-to-end encryption that guarantees a high level of security.

What are their motives could it be that they are just anti Bitcoin or attacking Bitcoin because it is a competitor that will soon push them out of business.

This happens all the time in society , Of course there are people who love it, there will be people who hate it , Even though we are human , Everyday communication with people in society will still have people hating. BTC is the same if you are tech-savvy, knowledgeable about BTC and understand the value of technology then you will consider it invaluable, but if a person is technology blind then of course they will hate and consider it just garbage.

[Mikayla Buckley]

It is obvious that they have lost their money in cryptocurrency. Will not invest to cause heavy losses and hate Bitcoin.
Only understand the shortcomings of Bitcoin, and don't care about the advantages of Bitcoin.
The country bans Bitcoin and believes the negative news reported by the media.

[XUNing]

Bitcoin is a new technology in the field of digital economy. Many people cannot really master the technology of bitcoin, nor can they understand its value and importance. They are afraid of the unknown.
The decentralization of bitcoin has realized the freedom of wealth for people, and the capital is completely controlled by the holders. The government-controlled banks or corporate institutions control user funds for profit, so they will hate the freedom that it brings.

[hannahB4]

I  have not seen people hostile to it but I will say I have met people who will not invest in it because it is digitalized and volatile in nature, some other factors are the non-educated who don't even know what is happening in the digital world.

[ChiBitCTy]

I have posted this here several times but this is a MUST READ... this explain your question well!!


"I think many of the intellectually honest people eventually stop being critics, because they suddenly realize that the flaws they are identifying are temporary features, issues, and not inherent problems. There are very few inherent problems in a dynamically evolving design or ecosystem of different designs all competing, that cannot be resolved.  There are critics who criticize this technology primarily based on their world view.   It is politically inconsistent with their world view.  It’s not that they do not like the technology it’s that they do not like the implications of this technology and the primary criticism you get then is “this should not be” to which all I can answer is ..and yet it is.  “but we mustn’t”… and yet we did, “but you shouldn’t”.. but yet we did"- Andreas Antonopoulos.

I think it's important to remember that many dislike bitcoin not because of their disapproval of the technology, but as it goes against their "beliefs".