Topic: Do you think this are the reasons why some persons hates Bitcoin!? 🧐 - page 2. (Read 312 times)

There are so many arguments why people hate bitcoin but this guy pointed out the best reason, but for me and in my own observations in the community and in the masses, people hate it because of the inability to understand the real reasons why there was an existence of bitcoin and Blockchain technology, it is the lack of knowledge to absorb the new technologies happening day by day.

I didn't know 19-24 was that low, I would have assumed at least 25% for the youth of today. They obviously do not have too much money to invest into bitcoin hence why they are probably not interested because of that but having 35-44 years old more interested in bitcoin than 19-24 is a bit weird, younger people should have been more interested in bitcoin than older.

Considering bitcoin started 10 years ago, someone who is 19 today was 9 years old when bitcoin came up and that means it should have been a natural order of things for that person and should be interested in it.

Aside from that I think the reason why elderly do not use bitcoin is not that they think its against the natural order of things but more about its high tech for them, you may think 70 year old lady who uses whatsapp and send emojis to her other 70+ year old friends in USA but in many other countries 70+ people are not very fond of technology and still have hard time using even old mobile phones.

My grandma is 78 years old and barely can use home phone let alone mobile, it would be a miracle if she could buy bitcoins. That is why 55+ is not using bitcoin, not because they are against it but because its a new tech they need to learn and they don't feel like it worths learning about it. By all means we can all use it and they will be fine with it, its just that they don't want to get into all of that after a certain age. We think about our future when we get into crypto, they do not have too much "future" left in them.

Interesting point of view. There is certainly a grain of truth in it, even my colleagues and relatives more or less correspond to the age - opinion distribution you pointed out.

basically everyone who is here already understands. but they are impatient, to get results. there is no investment that quickly generates profits. it takes time for a process to work. and because of this they started to hate bitcoin. added to the fall, further disappointed new investors.

the only reason why many people hate bitcoin is because they have suffered losses because of bitcoin. those who have already made a profit may not be a problem, but for those who have just joined a few months it must be very painful.

I agree. Everything new and unknown faces uncertainty and even hate. It was so with the first cars, electricity, computers, the internet and now the blockchain. Nothing special in my opinion

They hate it because it is new and they don't want to take interest on using a new thing. Because everybody just wants to use the old style.

Due to the reason of bitcoin is based on complex technology, I believe most elder people are hesitating to adopt it. Recently I read an article, it was dealing about money should be simple and bitcoin is not. When bitcoin is not simple like any other fiats, then it is obvious like elder people will not be preferring it instantly. They definitely need their one time to understand and then to adopt.

Interestingly, this does not mean that bitcoin will be hated by those people who are not ready to adopt complex system. Moreover to get into bitcoin either for using as currency or using as an investment, definitely there will be no need of understanding the entire system. There are a few basics which are more than enough to get start with bitcoin. People will understand this and they stop their hating.

Probably you are right OP. My senior who are 50 years old does not trust internet banking to handle his funds. I guess the era and environment a person grow up in will make a part in what he believe in.

people hate bitcoin because they don't understand how it works. only those people who decide to earn easy money and failed - do not like him

Yes obviously, big losses will really frustrate a person who ever it is as a maximum majority of investors didn't expected a massive dump within a single year. Just imagine about the people who bought BTC for nearly 20k and see the value now, it's pretty hard even to calculate. Yes like you said scam ICO projects bombarded the reputation of BTC that's the main reason people hate it.

I think that people that hate bitcoin and crypto simply have too little knowledge about crypto and blockchain otherwise there's really no reason to hate this....it can only bring advantages to every customers.

I think the biggest reason for hating bitcoin is the loss that he brought to people. And scam projects also did their job

Once again pals am here with yet another interesting topic

Credits to u/born_in_cyperspace from reddit

So here this gentleman Douglas Adams share his analysis on reasons why some folks hate bitcoin



What's your take because with the little experience I have got, his analysis are very correct