Why I Disliked Bitcoin

[lizarder]

Not everyone uses it in the wrong way, so it's unethical when we compare everything the same

It depends on how we use something whether for ethical purpose or doing some illicit activities with it and people directly links bitcoin usage with illegal works as fiat is pure in these matters and nothing bad trade can happen with it but didn't know it's more easy to trace bitcoin transactions rather then fiat P2P one's as you can't tell which serial numbers notes are being used but still the negativity about btc is high.Until people understand it they will hesitate to use it but it's more safe.

As I said earlier, the utilization is quite dependent on where we place it, it does not mean having a similar level of doing something, let alone comparing all behaviors to one goal, where we put the blame on a common line.
The use of pure Bitcoin or Fiat is not involved in certain cases, where the fraud is only a small part of what people do irresponsibly, that's the reason and the reason I don't involve all of this in the same way.

[mumang siat]

I've known Bitcoin since 2012 but started using it in 2019, though it was still for payments (funding and withdrawal) of online Forex trading, nothing more because I was careful to deal with something that might aid illegality. I later discovered that I was naive at that time, the latest development/revolution in Bitcoin made me ever feel bad and I had lost a lot of opportunities in the past to this.

The lesson learned was that it is better to move closer to what is new to us than to be condemning it from afar. Can you imagine that despite having enough money to invest in the cryptocurrency between 2019 -2021, I was adamant that I wouldn't because I believed Bitcoin aids legalities like trafficking, money laundering, terrorism, activities of drug barons, and many more. I forgot to think that as it has its advantages, it also has its disadvantages, no system works perfectly.

Thanks to the present-day awareness, development and regulations that make it clear that Bitcoin is not as porous as I thought. 95% of my only transactions are now crypto-based.


I love to read your stories about Bitcoin adoption too!

Utilization in doing wrong actions is not only in the crypto space, many other places are also used for this, especially regarding bitcoin, where this cryptocurrency is the strongest asset and is quite expensive for now, both bitcoin and fiat currency are also widely used for different purposes. wrong, so it really depends on people, not bitcoin or fiat currency itself.

Therefore, wise use can be made by each individual, without involving these two things in the wrong placement.

[Solosanz]

Why some people dislike Bitcoin it is because of the price not being constantly, and secondly bitcoin falling make some people to dislike Bitcoin because of how the price is moving. And some people dislike bitcoin they have being scammed and defraud with bitcoin. Some one will dislike Bitcoin because it's feelings

It doesn't make sense to dislike Bitcoin because of volatility, what about stock and gold then? If they're never invest their money, then why they're not dislike fiat because of inflation?
Bitcoin could failing, the same happen like other asset including crude oil which the price can reach negative.
They're getting scammed because of scam site, not Bitcoin, Bitcoin is just a currency and have a value.

[Biscutard]

Why some people dislike Bitcoin it is because of the price not being constantly, and secondly bitcoin falling make some people to dislike Bitcoin because of how the price is moving. And some people dislike bitcoin they have being scammed and defraud with bitcoin. Some one will dislike Bitcoin because it's feelings

It doesn't make sense to dislike Bitcoin because of volatility, what about stock and gold then? If they're never invest their money, then why they're not dislike fiat because of inflation?
Bitcoin could failing, the same happen like other asset including crude oil which the price can reach negative.
They're getting scammed because of scam site, not Bitcoin, Bitcoin is just a currency and have a value.

Indeed, invest what you can afford to lose. For you to have a peaceful mind you must not risk any of your stuff that is a big deal to you. Because time to time Bitcoin will be a benefit to us if we will be patient and not to think negatively for a temporary loss.

[JayTrain]

I've known Bitcoin since 2012 but started using it in 2019, though it was still for payments (funding and withdrawal) of online Forex trading, nothing more because I was careful to deal with something that might aid illegality. I later discovered that I was naive at that time, the latest development/revolution in Bitcoin made me ever feel bad and I had lost a lot of opportunities in the past to this.

The lesson learned was that it is better to move closer to what is new to us than to be condemning it from afar. Can you imagine that despite having enough money to invest in the cryptocurrency between 2019 -2021, I was adamant that I wouldn't because I believed Bitcoin aids legalities like trafficking, money laundering, terrorism, activities of drug barons, and many more. I forgot to think that as it has its advantages, it also has its disadvantages, no system works perfectly.

Thanks to the present-day awareness, development and regulations that make it clear that Bitcoin is not as porous as I thought. 95% of my only transactions are now crypto-based.


I love to read your stories about Bitcoin adoption too!

of course, bitcoin is anonymous in its structure, and this is used by attackers in various fields, but he is not to blame for this, the technology itself is also.If you look at it this way, then fiat money is also not ideal, and if you choose between fiat and bitcoin, then I would choose bitcoin, because if you don't do anything wrong with it, then it is a very convenient technology.X

[bestcoins1]

Utilization in doing wrong actions is not only in the crypto space, many other places are also used for this, especially regarding bitcoin, where this cryptocurrency is the strongest asset and is quite expensive for now, both bitcoin and fiat currency are also widely used for different purposes. wrong, so it really depends on people, not bitcoin or fiat currency itself.

Therefore, wise use can be made by each individual, without involving these two things in the wrong placement.

Actually it is also almost the same as fiat money which can be used in the wrong place by any individual who has intentions in the wrong direction. So clearly the problem is not with objects like Bitcoin, but with the users themselves in which direction Bitcoin is taking. Especially now that Bitcoin can be used for a number of other things as described on Coinworks.com. Apart from investing, trading, and also saving for the future.

[taufik123]

of course, bitcoin is anonymous in its structure, and this is used by attackers in various fields, but he is not to blame for this, the technology itself is also.If you look at it this way, then fiat money is also not ideal, and if you choose between fiat and bitcoin, then I would choose bitcoin, because if you don't do anything wrong with it, then it is a very convenient technology.X

Op may only see from the negative side of using bitcoin, without seeing what are the positive impacts that bitcoin gives. All crime originates from criminals, Bitcoin is only an intermediary or only as a tool used for crime. Technology is growing rapidly and the kajatan method is also developing with the same technology.

Bitcoin is indeed not to blame in any case. Bitcoin is also decentralized or not regulated by anyone, so there is no way to fully manipulate anything in bitcoin.
It's a shame that the OP knows bitcoin since 2012, and that year I didn't know anything.

If the OP liked bitcoin from the start, I think the OP would be an early bitcoin user with thousands of bitcoins by now. But in reality the OP doesn't like bitcoin and thinks bitcoin is a tool that is always used for crime.

[tjtonmoy]

Mine started from the Game called "Blue whale". There was so much talk about the term of dark web. Since childhood, I was curious minded. So I look up what this was and how it's done. I can't quite recall the year or date, but back then BTC was at around $4000.
That was the first time I hear about crypto.
Then in the year 2020 I first had my crypto in my wallet for doing some work in some app. That's how my journey with btc began.

[ingiltere]

I've seen many people with similar stories. There are a lot of people who regret not getting it even though they met Bitcoin early and hate Bitcoin just because of it. One can think this way with the sadness of missing a great opportunity. Wrong decisions can be made due to misdirections and incomplete information.
If I hadn't come across this forum early on, I would've had similar thoughts. In fact, even though I was here, sometimes I was very angry with myself because of the sadness of missing most opportunities. But after all, there is a phase of acceptance, and when you get past it, you relax. Then you can like Bitcoin and make it a part of your life. Whether as a means of payment or investment instrument.

[uneng]

I've seen many people with similar stories. There are a lot of people who regret not getting it even though they met Bitcoin early and hate Bitcoin just because of it. One can think this way with the sadness of missing a great opportunity. Wrong decisions can be made due to misdirections and incomplete information.
If I hadn't come across this forum early on, I would've had similar thoughts. In fact, even though I was here, sometimes I was very angry with myself because of the sadness of missing most opportunities. But after all, there is a phase of acceptance, and when you get past it, you relax. Then you can like Bitcoin and make it a part of your life. Whether as a means of payment or investment instrument.

Unfortunatelly many other investors have lost golden opportunities as well because they had the same impression OP described regards bitcoin back then.

People spreading negativity about bitcoin are just doing their misinformation work, as they profit from the consolidated traditional fiat system and don't want any other disponible financial alternative to weak this system. So I can understand why they act like this, but I can't understand why people enslaved by fiat system adopt the same narrative going against bitcoin since they are the main prejudiced ones after all.

[Doan9269]

because I was careful to deal with something that might aid illegality.

you'd better erase this your wrong mentality, here you said you're dealing with bitcoin and not altcoins and moreover its not an illegal act to engage the use of bitcoin even though the governments may not support it while some uses other cryptos for the said illegality, also i want to believe no one has taught you of any illegal means to acquire bitcoin Excel if you're with the wrong people or personally decided to.

 I later discovered that I was naive at that time, the latest development/revolution in Bitcoin made me ever feel bad and I had lost a lot of opportunities in the past to this.

you can still make hay while the sun shines, it is never too late investment, especially now at the dip.

[Victorik]

I've known Bitcoin since 2012 but started using it in 2019, though it was still for payments (funding and withdrawal) of online Forex trading, nothing more because I was careful to deal with something that might aid illegality. I later discovered that I was naive at that time, the latest development/revolution in Bitcoin made me ever feel bad and I had lost a lot of opportunities in the past to this.

The lesson learned was that it is better to move closer to what is new to us than to be condemning it from afar. Can you imagine that despite having enough money to invest in the cryptocurrency between 2019 -2021, I was adamant that I wouldn't because I believed Bitcoin aids legalities like trafficking, money laundering, terrorism, activities of drug barons, and many more. I forgot to think that as it has its advantages, it also has its disadvantages, no system works perfectly.

Thanks to the present-day awareness, development and regulations that make it clear that Bitcoin is not as porous as I thought. 95% of my only transactions are now crypto-based.


I love to read your stories about Bitcoin adoption too!

Yea..I totally agree with you. Instead of completely rejecting a new concept, one should rather have an open mind towards it, you never can tell, you might miss out of a golden opportunity.

I share a similar experience with yours, I didn't want to have anything to do with BTC for a while due to my previous experience with Ponzi schemes. I did lost a lot of money to Ponzi, and I thought BTC was one of those schemes too, not until I started to listen to advice from a friend. That's when I finally accepted it

[Detritus]

Is never too late to invest in cryptocurrency, Bitcoin still have a lot of Hight to atain. Even if am not buying Bitcoin for my self/use, but at least if am able to aqire 4 Bitcoin and will them each to the Four children I dream of having, that will really be a good accomplishment for me and they will be happy if during their own youthful age Bitcoin could be at least $300,000k.
Am yet 25+ in age, even if I buy Bitcoin now and give it 5 years, I know the price is going to gain a new all-time high before then, I can't speculate thou.

[TelolettOm]

Being alert to something new or known is fine. As long as we want to try to investigate further and study it so that we know from two sides (positive and negative). So we will be more stable when we will continue or not.
When I first learned about Bitcoin, I also didn't immediately believe it and follow it, especially the negative news about Bitcoin that made us feel scared. And I'm sure a lot of people feel that way too, afraid or disliking Bitcoin at first because of the overwhelmingly negative news about Bitcoin of all kinds.
Most people who disliked Bitcoin and turned to like and love Bitcoin are those who are more open mined, to see, check, crosscheck, and also learn deeper about Bitcoin. On the other hand, people who still dislike are because they always think negatively of Bitcoin side.

[qwertyup23]

The lesson learned was that it is better to move closer to what is new to us than to be condemning it from afar. Can you imagine that despite having enough money to invest in the cryptocurrency between 2019 -2021, I was adamant that I wouldn't because I believed Bitcoin aids legalities like trafficking, money laundering, terrorism, activities of drug barons, and many more. I forgot to think that as it has its advantages, it also has its disadvantages, no system works perfectly.

Thanks to the present-day awareness, development and regulations that make it clear that Bitcoin is not as porous as I thought. 95% of my only transactions are now crypto-based.


I love to read your stories about Bitcoin adoption too!

Ahh yes, this is how media stigmatized the cryptocurrency that we love due to the recent issues associated with it.

It is no surprise that BTC has been tagged as the way for money launderers to move their money and for people to use it as the main currency under the dark web. But in reality, it could be any currency! Heck, you can even accomplish those illegal stuff with fiat also. I do think media played a significant role of twisting the real image of BTC, disregarding the innovation behind the technology.

Good thing is, more and more people are starting to realize its positive than the negative effects. More countries are starting to adapt it as part of their payment system and as their legal tender.

[mumang siat]

Utilization in doing wrong actions is not only in the crypto space, many other places are also used for this, especially regarding bitcoin, where this cryptocurrency is the strongest asset and is quite expensive for now, both bitcoin and fiat currency are also widely used for different purposes. wrong, so it really depends on people, not bitcoin or fiat currency itself.

Therefore, wise use can be made by each individual, without involving these two things in the wrong placement.

Actually it is also almost the same as fiat money which can be used in the wrong place by any individual who has intentions in the wrong direction. So clearly the problem is not with objects like Bitcoin, but with the users themselves in which direction Bitcoin is taking. Especially now that Bitcoin can be used for a number of other things as described on Coinworks.com. Apart from investing, trading, and also saving for the future.

Basically the use of bitcoin is almost the same as fiat, the object is only in terms of utilization, as you say now bitcoin can not only be used for trading and investment, but saving is a much wiser use, so if there are some people who use it wrong, can't categorized all the same, because the key is how someone uses it and for what purpose bitcoin or fiat is used

[danadc]

There are people who do not like bitcoin for many reasons, but it is rare to see them, and I think they are people who lack a lot of knowledge, saying no to bitcoin is saying no to the future, saying no to money and the strangest thing is that people do not see the potential of bitcoin when time passes, the more time passes the bitcoin will reach a higher price value, the last maximum was high, and the most experts say that it can reach 100,000 dollars, how to say no to this?

[poldanmig]

There are people who do not like bitcoin for many reasons, but it is rare to see them, and I think they are people who lack a lot of knowledge, saying no to bitcoin is saying no to the future, saying no to money and the strangest thing is that people do not see the potential of bitcoin when time passes, the more time passes the bitcoin will reach a higher price value, the last maximum was high, and the most experts say that it can reach 100,000 dollars, how to say no to this?

Apart from a lack of knowledge, some of those who don't like bitcoin are people who don't like progress in the financial or investment system, we can't blame those who don't like bitcoin because maybe they have their own reasons that we don't fully know, but I assume if their lack of knowledge and also conservative is the main reason they don't like bitcoin so far, I know a lot of people who don't like bitcoin around me and I will never force them to like something they really don't like at all.

[TribalBob]

of some people I have met in the real world, on average they are people who don't like bitcoin because they have lost or lost when investing in bitcoin even though they know they are in the wrong place to start investing, are you like that?
by the way the problem of money laundering crimes, drugs, and what you mentioned already existed before bitcoin was created so there is no reason that bitcoin will act like that as the originator

[DeathAngel]

You must feel kinda stupid, OP. You really should be incredibly wealthy now it you weren’t so ignorant or risk averse in 2012. I started buying in 2015 because I knew it’d blow up. I don’t think I could live with myself if I stood on the sidelines & did nothing. Hopefully you bought enough in 2019 to have at least some exposure.