Unnecessary reasons why people dislike Bitcoin.

[DaNNy001]

We have said it many times on this forum that the reason why some people hate Bitcoin is because of their misconception, lack of proper Bitcoin knowledge, and how they might have been scammed through other altcoins. Anyone who has comprehensive knowledge about Bitcoin will not hate it because Bitcoin itself is not a scam. If Bitcoin were a scam, it would not have even accumulated the value it has today. That is why all of these scam projects's only trend for a short period of time, and after that, there's no information in such projects again.

There are many different reasons to which people actually hate Bitcoin but if am not mistaking then am certain that most of the reasons are actually not genuine because over here most of the times they associated other reason that has no linkage whatsoever related to Bitcoin. Most of the argument and reason over here is that Bitcoin is easily used to embezzle funds as it can be tracked of which they can also do the same with fiat.

[Moreno233]

The truth is no matter how good Bitcoin is, everyone cannot like Bitcoin. There will always be those people that will go against it and some will do it just to appear different and attract attention. The story of someone hating Bitcoin because of he was scammed through Bitcoin is a popular one. I have been scammed through Bitcoin and it was not a good experience. It takes a lot of courage to overcome the trauma and still be part of Bitcoin because I knew Bitcoin would play key role in the future. Not everyone have this level of confidence and foresight, so we have to appreciate the fact that everyone cannot be part of Bitcoin. I don't struggle to convince people about Bitcoin now, mine is just to give you overview of what Bitcoin is and the need to consider it as a good alternative asset for investment. I don't go about pressuring my friends and loved ones about investing in it and anyone who choses to is definitely doing that out of personal conviction.

[uneng]

There are many different reasons to which people actually hate Bitcoin but if am not mistaking then am certain that most of the reasons are actually not genuine because over here most of the times they associated other reason that has no linkage whatsoever related to Bitcoin. Most of the argument and reason over here is that Bitcoin is easily used to embezzle funds as it can be tracked of which they can also do the same with fiat.

There are people who hate Bitcoin and don't even know why they are hating it. These are the people who don't have their own opinion, so they just repeat what they were told by other people who they think it's influential. It can be the media, a determined celebrity, the politician they are fan or a friend.

However, as Bitcoin gets stronger along the years and investors see huge gain over their investments, these hateful people are disappearing from the public discussions about Bitcoin. They are probably regretful for being Bitcoin haters, instead of adopters. The hate, misinformation and lack of interest for Bitcoin caused them lost an opportunity which could have changed their lives.

That is why everyone should be independent to take their own conclusions regard the matters they face in life without being sockpuppets of someone else.

[seoincorporation]

There are many different reasons to which people actually hate Bitcoin but if am not mistaking then am certain that most of the reasons are actually not genuine because over here most of the times they associated other reason that has no linkage whatsoever related to Bitcoin. Most of the argument and reason over here is that Bitcoin is easily used to embezzle funds as it can be tracked of which they can also do the same with fiat.

I would say ignorance is the main reason for people to hate bitcoin, those who call bitcoin a ponzi, a bubble, a scam... They have no idea about how bitcoin works and it's nature. It's easy to hate something that you don't understand, and i feel linux has the same problem, people hate it because doesn't understand it.

And there are other kinds of people who hate bitcoin, and those are the ones who see it, then ignore it, and then realize they miss the chance to become a millionaire with it. That is a valid reason to hate it too.

[reagansimms]

Condemning something that leads to negative things without knowing the ins and outs is a big mistake for someone to make, fraud can happen to anyone through any media if it is not based on knowledge. It should be emphasized that Bitcoin is not a fraud and is not like a Ponzi scheme, early adopters and late adopters will both benefit from the increase in value from the initial price when they bought Bitcoin.
Any individual holding Bitcoin will benefit from the increasing price at which it is traded and will gain other benefits from its use as it begins to be widely adopted. Price fluctuations always play an important role in gaining profits from Bitcoin, I think the person needs to study Bitcoin more deeply about how Bitcoin works and its uses before deciding Bitcoin as a scam or other negative things that can harm people who adopt it.

[Darker45]

I think we can group together the different reasons for Bitcoin hatred and dislike into few categories. One would, of course, be ignorance. Many think that Bitcoin is a kind of scam. Many think that it is a Ponzi. The main reason for this suspicion is ignorance, lack of awareness.

Another category would be based on the fact that Bitcoin isn't really accepted as money in many places, therefore, unnecessary. Bitcoin may be good, but there's not much reason to have it. I guess my dad's indifference toward Bitcoin is based on this.

Others are not liking Bitcoin probably because it simply isn't their cup of tea. They're satisfied with what they're currently using. Bitcoin is superfluous in their lives. Or perhaps they're benefitting from the monetary and financial status quo in one way or another.

[AprilioMP]

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They are accustomed to the habit of learning something not to finish. In understanding something must be intact, not half measures because it can be misleading.
Or maybe those who hate Bitcoin because it is based on their personal interests as played by bad market participants who are characterized by creating negative issues that make people panic to sell.
In the past, based on the reading that I had found that the state officials made an illegal bitcoin statement that opened up opportunities for criminals to do money laundering, Bitcoin was a scam. Over time, the statement changed to positive.

[Gallar]

~Snip

It's not surprising that currently there are still many people who don't like Bitcoin. Because of course the thoughts of every person on this earth are different. However, if the problem is that there are people who don't like bitcoin just because there are negative elements associated with bitcoin, in my opinion, people like that really need to be given a correct understanding. Because I agree with the assumptions you convey to that person. That it is not only bitcoin that can be used as a tool to commit fraud, but money or fiat is also currently widely used as a tool to commit fraud. Because in essence it is not bitcoin or fiat that is the problem, but the nature of the users that is questionable.

Because if you think deeper, everything in this world could be used to commit crimes such as fraud. So basically the important points that must be taken to avoid fraudsters or bad people, especially in the world of bitcoin investment. First learn the ins and outs of bitcoin itself. So don't accuse Bitcoin of being a fraudulent asset just because other people or yourself were cheated by bad people using Bitcoin. But instead of thinking like that, it's better to study Bitcoin as a whole. Because as far as I know, most of the people who are exposed to fraud in the bitcoin realm are beginners whose knowledge is still very minimal.

So the conclusion is that many people are deceived by Bitcoin, it's not actually Bitcoin's fault, but essentially their own fault. Because they dare to enter the realm of bitcoin, without studying it first.

[YUriy1991]

The real story is the technology behind Bitcoin, blockchain. Built for trust and security, it is a fortification. It is not a scam. Quite the reverse. And you realize what? This technology can transform the planet. Regardless of who they are or where they live, everyone can use a fair financial system we design. So, don't panic over Bitcoin. Get knowledge about it. Know it. It's not going to vanish. Here is here to stay. Furthermore, the sooner we all board, the faster we can transform the planet.

It is very relevant and Bitcoin can be said to be a Game Changer for the current Financial System. I think a real example can be seen in Turkey, how some of them are aware and feel the benefits when they invest in Bitcoin and at least it can provide a breath of fresh air and provide a hedge against inflation. Yes. the condition of their currency plummeted drastically until it almost reached 65%.

[_BlackStar]

Let the haters stay with their hate – embrace those who truly want to learn. You are not obliged to force everyone to believe in bitcoin and use it - so let them choose what they think is better. I don't think it's just people in your circle who hate bitcoin - but some big investor and some public figures don't like it either. Regardless of whatever reason they don't like bitcoin - I don't think it will have any impact on bitcoin which has continued to grow and develop over time.

Bitcoin has been an excellent fiat alternative so far for most of its users - while others choose bitcoin as a store of value and investment asset. I'm not worried about what other people think about bitcoin, especially those who don't like it - that's up to them.

[Dzwaafu11]

You all must be suprised at my choice of topic, well it was inspired by discussions I heard from neighbours and sometimes arguments in a gathering. Well everything that has an advantage must always come with a disadvantage but the advantage of Bitcoin has beat all odds compared to it's disadvantage cause it has proved to be the best alternative to fiat in terms of transaction speed, security, asset class etc. But then despite all odds and prove to be the potential money of the future their are people who still criticise the project and think it's no where compared to fiat money and their reason for disliking Bitcoin makes little sense, sometimes the hatred is caused by ignorance but then after hearing some people's reasons you'll notice it's just an unnecessary dislike for the project.

I think this type of topic has been on this forum before, and many replies have been made about it. It says that anywhere, any time, or anyone you see talking badly about bitcoin, you should not blame them because they lack the proper knowledge of it; they don’t really know the advantages of it, and that is why they talk about it. That way, many people think bitcoin is a scam due to how it works, and they can’t take advantage of the fact that fiat currency is still active because they are not used to it.

So you can’t say that their reason is useless; just know that it is a lack of understanding of the project and nothing more than that. You were also in their shoes before, or just make an example with yourself whenever you see people talking bad about bitcoin. Make an example with yourself that if you say you don’t know anything about what your reaction to it or what you will be saying about it will be the same thing I believe. 

[Cookdata]

There are many different reasons to which people actually hate Bitcoin but if am not mistaking then am certain that most of the reasons are actually not genuine because over here most of the times they associated other reason that has no linkage whatsoever related to Bitcoin. Most of the argument and reason over here is that Bitcoin is easily used to embezzle funds as it can be tracked of which they can also do the same with fiat.

People will always see a fault in something when the are bias and thats what people do to win an argument. Sometimes, fiat might be bad to some extent but been bias to favour what we want is what makes people see it as bad thing completely from the economy but deep down, fiat will alwsys be easy for many millions of people than Bitcoin but that doesn't make it superior than Bitcoin, I'm just making instances of been bias.

In every 100 people you see hate Bitcoin passionately, just know that they love Bitcoin deeply but because they weren't opportune to get it early like other people did in their own time, they will rather want to see it dead than for it to succeed. Some people have friends and know people ttat has made it through Bitcoin but because they miss all this opportunities, they will rather pick 1 bad thing about it and ignore other 99 good things you can find in Bitcoin.

[Dr.Bitcoin_Strange]

We have said it many times on this forum that the reason why some people hate Bitcoin is because of their misconception, lack of proper Bitcoin knowledge, and how they might have been scammed through other altcoins. Anyone who has comprehensive knowledge about Bitcoin will not hate it because Bitcoin itself is not a scam. If Bitcoin were a scam, it would not have even accumulated the value it has today. That is why all of these scam projects's only trend for a short period of time, and after that, there's no information in such projects again.

There are many different reasons to which people actually hate Bitcoin but if am not mistaking then am certain that most of the reasons are actually not genuine because over here most of the times they associated other reason that has no linkage whatsoever related to Bitcoin. Most of the argument and reason over here is that Bitcoin is easily used to embezzle funds as it can be tracked of which they can also do the same with fiat.

For all I know, the reason why some people don't like Bitcoin doesn't justify anything to prove that it is a scam or bad. It's not everybody that must like Bitcoin, and the fact that Bitcoin is a volatile asset makes it look risky for some people, and no one should force such people to invest in Bitcoin. Some people prefer assets with low risk and volatility, and because Bitcoin and other cryptocurrencies are highly volatile, it makes it impossible for some people to even like them.

[ndutndut]

There are many different reasons to which people actually hate Bitcoin but if am not mistaking then am certain that most of the reasons are actually not genuine because over here most of the times they associated other reason that has no linkage whatsoever related to Bitcoin. Most of the argument and reason over here is that Bitcoin is easily used to embezzle funds as it can be tracked of which they can also do the same with fiat.

In essence, those who don't like bitcoin because they don't have the knowledge actually think that all crypto coins are the same, when in reality bitcoin and altcoins are something different, both in terms of systems and fundamentals. Those who don't like bitcoin because they are fooled by altcoins into thinking they are all the same.

This is also what happens in my area, many people say Bitcoin is a scam, because they have experienced losses in altcoins even though these two investments are very different. It's just that they lack literacy about bitcoin which makes them unable to see the advantages of bitcoin. So in essence it's all because they don't have knowledge, if they had knowledge about bitcoin they would realize that bitcoin is a future asset that could even potentially be better than fiat. However, there are also some people who don't like Bitcoin, not because they have experienced losses, but because they don't believe in virtual currency, they prefer to invest in investments that can be seen physically.

[Stepstowealth]

Humans are not lacking in the ability to be unreasonable, and since we know this, we have to be careful the people we listen to, because some of them look reasonable but are not really reasonable.

I came across someone who hate Bitcoin cause she was scammed through it,

She has channeled her anger at the tool instead of the person behind using the tool. Just as people blame guns for killing people when it is actually people who kill people not guns that kill people. Some of these persons with these unreasonable reasons why they do not like bitcoins will later get to regret it because they will discover the foolishness in the choices that they have made.

[SickDayIn]

The first step of getting into Bitcoin, is to criticize it. Any change people will criticise. They need to come to their own conclusions, give them time.

[legendbtc]

There are many different reasons to which people actually hate Bitcoin but if am not mistaking then am certain that most of the reasons are actually not genuine because over here most of the times they associated other reason that has no linkage whatsoever related to Bitcoin. Most of the argument and reason over here is that Bitcoin is easily used to embezzle funds as it can be tracked of which they can also do the same with fiat.

In essence, those who don't like bitcoin because they don't have the knowledge actually think that all crypto coins are the same, when in reality bitcoin and altcoins are something different, both in terms of systems and fundamentals. Those who don't like bitcoin because they are fooled by altcoins into thinking they are all the same.

This is also what happens in my area, many people say Bitcoin is a scam, because they have experienced losses in altcoins even though these two investments are very different. It's just that they lack literacy about bitcoin which makes them unable to see the advantages of bitcoin. So in essence it's all because they don't have knowledge, if they had knowledge about bitcoin they would realize that bitcoin is a future asset that could even potentially be better than fiat. However, there are also some people who don't like Bitcoin, not because they have experienced losses, but because they don't believe in virtual currency, they prefer to invest in investments that can be seen physically.

There are many reasons why someone might not like bitcoin, although lack of knowledge is probably the biggest reason. There are also some people who oppose bitcoin even though they have complete knowledge about it. Perhaps the reason is because they are jealous because they learned about bitcoin too late and think it is too late to invest, or maybe they can't accept the fact that many people invested in bitcoin and were able to improve the economy so quickly that overtook them...That's why we often see some people giving very silly reasons to hate bitcoin. They like it but they find every way to fight it and prevent people from investing in it.

[stadus]

Getting the right information is the key. If you deal with bitcoin without  knowledge and experience, most likely you will end up getting a negative outcome, hence you will surely hate bitcoin for that. And you will end up with a conclusion that bitcoin is a scam just because you never make profits but instead lost your funds.

This is the common mindset of some people nowadays that bitcoin is a get rich quick tool, but in reality it’s not. Bitcoin will never make you rich, but your knowledge and skills, and how you take advantage every bitcoin opportunity that comes, with positivity and a lot of patience, that will make you rich. But if you turn to bitcoin without all of that, bitcoin will make you poorer and poorer, until you finally realized that bitcoin isn’t a quick gateway to becoming rich and wealthy.

[HelliumZ]

People who have no knowledge about Bitcoin or those who are not interested in learning about Bitcoin simply do not like Bitcoin.
The popularity and acceptability of a coin is considered not by everyone having to like Bitcoin but by having two categories of Bitcoin Likers and Bitcoin Dislikes. But Bitcoin is an unpopular currency for those who like banks and fiat but those who like Bitcoin don't like banks and fiat.

[Findingnemo]

Actually I watched a podcast today from one of my favortie economics expert who always against the crypto currencies and obviously he is old and having warren Buffet as his role model so he too think that bitcoin can be printed out of nowhere so 21 million is not the limit because it digital and many people said the same which is funny though cause they're ignorant about it and still criticize it.

Another reason why most people afraid about bitcoin is there is no centralized authority which is the positive thing and core idea of bitcoin but we used to the banking system assumes what happens if one day everything vanishes and where we can claim our funds.