Why are some individuals hostile to Bitcoin?

[Oceat]

We always know that everything in the world will be two: like and dislike.
People will like something, and others will dislike that thing.
So does Bitcoin. Moreover, Bitcoin is something that is very popular and influencing around the world, Bitcoin can change people life, from poor to rich, from rich to super-rich, but Bitcoin may also turn people from rich to poor
Everything about Bitcoin always involves value, issues, FUD, but also hopes and expectations there.

And many people who don't like Bitcoin are sometimes those who don't want the financial system in the world disturbed with the wealth of having BTC maybe. And because they also don't know what Bitcoin exactly.Moreover, they only know Bitcoin from media with the negative sides.

Exactly. Mostly, those people are already close minded when it comes to bitcoin because they have been used already using traditional system so there's no way bitcoin will take its position.

I believe those people don't even know bitcoin exactly, how it will be functional and the high price that is associated in it. All they know is fiat which is in accordance with their old system.

I would say it always depends on their motives, it's either they were just acting it up on their own because they feel threatened with the existence of Bitcoin and others may have been paid to play the role as a Bitcoin haters because someone out there is trying to manipulate the market or they just simply hate it because it's unregulated and risky to invest or someone just failed to gain profit due to the unpredictable movement of the price.

The factors of the list is ongoing for their motives and I believe mostly of them doesn't actually understand the blockchain network or how Bitcoin works.

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[Quidat]

We always know that everything in the world will be two: like and dislike.
People will like something, and others will dislike that thing.
So does Bitcoin. Moreover, Bitcoin is something that is very popular and influencing around the world, Bitcoin can change people life, from poor to rich, from rich to super-rich, but Bitcoin may also turn people from rich to poor
Everything about Bitcoin always involves value, issues, FUD, but also hopes and expectations there.

And many people who don't like Bitcoin are sometimes those who don't want the financial system in the world disturbed with the wealth of having BTC maybe. And because they also don't know what Bitcoin exactly.Moreover, they only know Bitcoin from media with the negative sides.

Exactly. Mostly, those people are already close minded when it comes to bitcoin because they have been used already using traditional system so there's no way bitcoin will take its position.

I believe those people don't even know bitcoin exactly, how it will be functional and the high price that is associated in it. All they know is fiat which is in accordance with their old system.

I would say it always depends on their motives, it's either they were just acting it up on their own because they feel threatened with the existence of Bitcoin and others may have been paid to play the role as a Bitcoin haters because someone out there is trying to manipulate the market or they just simply hate it because it's unregulated and risky to invest or someone just failed to gain profit due to the unpredictable movement of the price.

The factors of the list is ongoing for their motives and I believe mostly of them doesn't actually understand the blockchain network or how Bitcoin works.

Getting paid or totally personally hate bitcoin on some aspects, it is really just having those kind of reasons on why some people are really hostile to Bitcoin and we cant really avoid that.
There would always be those issues that would be raised up and there would be those things that could be read up negatively even though Bitcoins existence is something revolutionary
and does really give out benefit not only on payment system or utility but also with the earning opportunity that it gives.

[Hypnosis00]

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.

Some of these business owners are into thinking that Bitcoin is competing against them like if you are in the banking business, money transfers, that is absolutely what they might see. I know they have some reason as people who are in using Bitcoin can no longer use their services and that much more if all establishments are accepting cryptocurrencies already. They don't want to file bankruptcy and so they protect their reputation as well.

Well, I can't blame them either, but that is how the development goes, sometimes there is someone who feel bitter and get hurt.

[lightning0]

Many people prefer to believe that the government and the central bank control the currency, thinking that only government funds are legal and feasible. Bitcoin decentralization is not under the control of the government and central banks, and they may think that what they cannot control is terrible and is not good for the existing traditional financial system.
Their lack of technical knowledge combined with monetary theory may lead them to draw negative conclusions about Bitcoin and have a negative attitude towards Bitcoin.

[BIN-BIN]

The major attacks on Bitcoin are from either the bank’s executives and the government this is so because these two entities are the only sectors that see bitcoin and cryptocurrency as opposition and threat to their existence. The government seeks to take over or regulate Bitcoin for its gain while the bankers feel Bitcoin will put them out of business.

[jamkesmas]

People who are hostile to bitcoin are those same people who did not understand it, did not invest in it or do not consider it to be a technological innovation. There are some people who have begun to understand it but have also begun to support another coin more vocally hehehe. Is this support hostile to bitcoin?

Yes, it's basically like that, they hate bitcoin because they don't understand and don't know the offers that bitcoin has to offer, but lately there are also individuals or investors who invest in bitcoin, they take advantage to hate bitcoin and issue FUD news when they want to enter the market to can make big profits, when the price of bitcoin drops, as Elon Musk once did.

[Woodie]

I think it could be fear of the unknown but am certain they would love it if they knew what bitcoin is all about.

Another reason  could  be some individuals would be protecting their interests they have in other assets say Gold which they see bitcoin to be threat to their investment, hence the hostility.

Sometimes I think its beyond their control because of governments view and regulations in place.

[sapnu]

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.

One of their reason behind could be because they are too ignorant on what bitcoin can do with their lives. It can also be because they once had a bad experience or ended up losing a lot of money from it and they didn't bother to try again so they are trying to pull other people down with them. It can be rational too if their reason is threatening their business but no matter how hard they try to persuade other people to stop patronizing bitcoin, it won't be possible because bitcoin's influence will spread continuously over the years and it will get enough recognition someday to be considered as a legal currency.

[isaac_clarke22]

~

Some of these business owners are into thinking that Bitcoin is competing against them like if you are in the banking business, money transfers, that is absolutely what they might see. I know they have some reason as people who are in using Bitcoin can no longer use their services and that much more if all establishments are accepting cryptocurrencies already. They don't want to file bankruptcy and so they protect their reputation as well.

Well, I can't blame them either, but that is how the development goes, sometimes there is someone who feel bitter and get hurt.

It is just how some business run sadly. They need to destroy other stuffs out of their control through either FUDs or just simply throwing out random stupid arguments just to trigger a lot of people.
Too bad that they cannot even do single crap with their words from how decentralized Bitcoin is.
That is also the another point, they don't have the control to it that's why they go full retard.

[ven7net]

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.

It is likely that people who speak badly about Bitcoin do not want it to become a means of preserving and increasing wealth, as well as not being used as a means of payment. All this because BTC can harm their business or system and become a big competitor for them. BTC is like a counterweight to the current financial system, which means it is bad for people working for the system. For me personally, BTC is new opportunities for obtaining wealth and improving the quality of life, and therefore I am for BTC.

[Wawa2013]

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.

It is likely that people who speak badly about Bitcoin do not want it to become a means of preserving and increasing wealth, as well as not being used as a means of payment. All this because BTC can harm their business or system and become a big competitor for them. BTC is like a counterweight to the current financial system, which means it is bad for people working for the system. For me personally, BTC is new opportunities for obtaining wealth and improving the quality of life, and therefore I am for BTC.

It's clear that people who are hostile to Bitcoin usually feel threatened by Bitcoin's existence, therefore they will talk badly about Bitcoin. Usually
people who invest large sums in other assets, or people who do support the banking system will feel Bitcoin can compete with them. Whereas if
people who are hostile to Bitcoin can be open-minded and look at Bitcoin from the positive side, there should be no reason to reject Bitcoin. Because
I also feel the many benefits that I get from Bitcoin, and my economy has also improved since investing in Bitcoin. I think people who are hostile to
Bitcoin will definitely regret it in the future.

[Dread Pirate Roberts]

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.

lack of knowledge and information about crypto or bitcoin that gives them such assumptions. Even people who are considered expert economists when asked for views on crypto but don't really understand about it some people are still dare to give the wrong education about crypto. the media like to provide sources who are only famous even though it is not their field. and that's what the media always do.

[yazher]

That's just how it goes for something they don't want to progress in the future but they can't do anything about it no matter how good they slander bitcoins, the public will always look for the truth and when the people know everything was only made to make bitcoin look bad, they started to consider to study and later on invest in it. As you can see, this is what happened to those big companies right now that are supporting bitcoins. back then they were hostile about it and don't want to get involved in any platform it offers but looks at them now, everything is clear to them and they became the number one supporter of bitcoin.

[carrigan]

I think those who hate Bitcoin because they are hard to control. Some people know that Bitcoin is hard to predict, so maybe some of them are upset about this. or maybe if they are jealous of people who have managed to make a profit with bitcoin while bitcoin haters are hard to get into. But if Bitcoin is banned in some countries I still don't really understand it. Because surely a country has its own reasons for deciding this.

[dark1234]

Cryptocurrencies are not yet widespread and now only a few types are known by people, but people are currently trying to compete to get them and make crypto more famous like the dollar. This makes the monetary authority, namely the central bank in a country increasingly threatened with its role due to the increasingly exploding prestige of digital currencies, so that inevitably some people who work or earn income from it create hateful opinions against bitcoin and they are sometimes embarrassed to join because of selfishness.

[qwertyup23]

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.

Unfortunately, the people that are hostile to BTC are also the ones who invested during the ATH of it on the last quarter of 2018 then proceeded to sell it when its price dropped on the first quarter of 2019. Mostly, these people blindly invest into it without doing their research. They just ride the 'hype train' without even knowing what they are investing on.

There will always be hostilities against something innovative. As an analogy, some people were hostile and against the creation of vaccines. They tend to believe what others say without even conducting proper research on their end.

[Kasabus]

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.

Unfortunately, the people that are hostile to BTC are also the ones who invested during the ATH of it on the last quarter of 2018 then proceeded to sell it when its price dropped on the first quarter of 2019. Mostly, these people blindly invest into it without doing their research. They just ride the 'hype train' without even knowing what they are investing on.
 
There will always be hostilities against something innovative. As an analogy, some people were hostile and against the creation of vaccines. They tend to believe what others say without even conducting proper research on their end.

There are really these people who are very hostile to bitcoin not because they don't know nothing about bitcoin, but because they are too confident investing in bitcoin that they tend to forgot the do's and dont's in bitcoin and made them become greedy so they end up losing their capital.

Perhaps the reason of their hostility is their unaccepted losses that until now they even hate bicoin more than they love it before. People like this should never engage into any kind of investment or else, they will keep on being mean on the reason of their defeat.

[bosede1]

Firstly, I will say lack of information or misappropriate information given or learnt about Bitcoin. I have heard a lot of people say Bitcoin is a gamble game and has dubious acts involve that is their own definition people in this cluster will carry this information with them anywhere they go and use it against it.

[DarkDays]

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.

I think Bitcoin to them is a threat to their current financial affairs. It is also something that most of these anti-Bitcoin advocates don't understand, and thus are afraid of.

And when talking to a mass of people they just tend to present only one side of the argument, like how Bitcoin is bad and scamming people etc, and not presenting how crypto and the blockchain technology that came with it already benefited a large number of people who were brave enough to embrace the digital coin.

[RILWAN]

Firstly, I will say lack of information or misappropriate information given or learnt about Bitcoin. I have heard a lot of people say Bitcoin is a gamble game and has dubious acts involve that is their own definition people in this cluster will carry this information with them anywhere they go and use it against it.

Well bitcoin has always been viewed and pictured as a bubble for a long time now but up till now the bitcoin bubble have not boosted, I think the major reason for the attack on bitcoin is lack of information and also the fear of bitcoin taking over the current financial system which is controlled by the central bank and the government.