Topic: THE VIEW OF SOME PEOPLE OVER BITCOIN (Read 322 times)

The further evaluation of BTC depends on the accessibility of BTC as payment method. At this point, the price of BTC is connected to the fiat (predominantly dollar), since there are little to no ways to pay directly in bitcoins, all the transactions are performed with fiat banks...

It takes the right delivery to people who think that because on the one hand they don't understand more about Bitcoin which makes them far from a more positive opinion so that the mindset can see if Bitcoin is a solution in utilizing money.
Crimes can be committed anywhere if there is an intention to do so. For those of us who want to use Bitcoin on a good path, of course Bitcoin is not for evil activities.

You're right, Bitcoin is often seen as a unique and different type of currency compared to traditional currencies. Its decentralized nature, lack of a central authority, and limited supply make it an attractive option for some people. However, its volatility can also make it risky for those who are not comfortable with the potential ups and downs of its value.

As for concerns about illegal activities, while it is true that Bitcoin has been used for illegal purposes in the past, it is important to note that the vast majority of Bitcoin transactions are completely legitimate. In fact, the transparency of the Bitcoin blockchain actually makes it easier to track and trace illicit activities than traditional forms of cash.

Ultimately, the decision to invest in Bitcoin or any other cryptocurrency is a personal one that should be carefully considered based on individual risk tolerance and financial goals. It's important to do your own research and understand the risks and potential rewards before making any investment decisions

To add to that, many people are still 'traditionalists' concerning money. People are more secure if they can see and touch money, to actually hold a physical manifestation of it. People want consistency and fiat represents that for them, even if the only consistent truth in the world is inconsistency (and that holds much truth when it comes to money.) That line of thinking also makes people fear the 'new,' cryptocurrency represents that fear for them. Even though Bitcoin exists for more than a decade now, many people are still finding out about it now so it seems new to them and therefore cannot still be relied upon. There are also people who knew about cryptocurrency because scammers have been exposed and went viral or were on the news, so not really a great first impression.

It's interesting because you are both invested and have money in your possession at the same time. I think people should actually amazed by that fact.
Just imagine taking out the cryptocurrency world today. People who like to invest will still have a difficult time to where they will put their money in.
First, they need a broker. Then, some take a percentage of the profits, which is not small.
Today, you can do it all yourself, no one will take anything from you, you can withdraw it anytime you like, and you can spend it if there's a shop who accepts Bitcoin. That's like a dream come true for people who had been asking themselves how they can invest.
About risk, well, every investment has risk. It's foolish to think it's always just profits or there won't be balance anymore.

Bitcoin is a potential currency but it definitely has risks.  Because its price is not always fixed like fiat.  So after buying at a high price it can definitely go down in price. So it is natural that people will fear it.  Because no one wants to lose their investment. And every country's government thinks that since there is no way to control it, it must be able to do bad things like money laundering.  But if the laws of the country are strong then not many people would dare to do this

Usually people think bitcoin as a dangerous investment because of its volatile features but on the other hand as people have experience regarding its investment so they have seen how profitable it is therfore thoughts of people are changing from one another.

If a person once have visualize the benefits and profits of bitcoin so he will not ignore investment in it but before visualizing he will think differently due to conversation with people about its volatility.

In my opinion there is no other opportunity for investment which is more beneficial than bitcoin so choosing bitcoin for savings and enhancing money will be wise decision.

Whether people hold the same conviction or not, they're right. It is true that BTC is riskier than normal currency or other risk assets such as stocks because it is more volatile and moves faster in the form of price. There is no tangible proof of BTC but electronically which also many people take it as a scam as they compare it to gold. It is likely to be use by criminals, because as you know BTC doesn't need central regulators. Just P2p. But if put into good use, BTC is a great tool.

There are both advantages and disadvantages. Both extreme profit and extreme loss, hence give a great deal of risk.

There are some people who think Bitcoin is risky without knowing about the future of Bitcoin. But currently the most popular expensive virtual currency in the world is Bitcoin. As we know the price of Bitcoin does not stay at one place, this virtual currency always fluctuates because the religion of cryptocurrency is to change all the time. Various countries around the world have legalized Bitcoin and they have taken Bitcoin as their popular currency to promote their economic and global development by trading with this Bitcoin. But many countries have made it illegal on the contrary, they think that using Bitcoin as a traditional currency will involve people in various criminal activities and illegal activities. But I think Bitcoin would be the most expensive currency for a country if it were to use it as a circulating currency. Because we know the future in Bitcoin is very bright, we are sure that Bitcoin will reach a good point in the future. As the popularity of Bitcoin is currently increasing, in the future all countries will approve it and all transactions will be implemented by Bitcoin.

Visually, the role of the media is also very dominant on the issue of cryptocurrencies, especially BTC and continues to attract attention and become a topic of conversation such as fluctuations, illegal activities and others but it's very different if you look at it actually. For me Bitcoin does have a uniqueness that makes it different from traditional currencies and I myself think that the blockchain technology that underlies Bitcoin offers tremendous potential to increase security and transparency in financial transactions. So, I think that different views on Bitcoin reflect the diversity of opinions and differences in risk tolerance among people, that is normal and normal.

It means they are still interested, but for sure it's because of the price. Just imagine that is a ton of money, so partly of themselves they want it, but again, this has been the thoughts of those people when seeing bitcoin because most of their first impression was that bitcoin was only used in the dark web and in criminal activities. This is what they heard from the news, but they really don't understand that it was just used, and it is still the same with fiat that it was used in criminal activities.

Bitcoin - the currency peeps have a love-hate sitch with. It's like your weird cousin who crashes family shindigs and stirs up the pot, but you dig 'em nonetheless. I mean, yeah, Bitcoin can be a bit dicey and all over the place. But isn't that where the thrill lies? It's a money rollercoaster, bro!

And don't forget the perks. Say adios to annoying banks with their fees and rules. With Bitcoin, you call the shots. You can score whatever your heart desires, no strings attached. Alright, so maybe there's some chatter about Bitcoin's sketchy side. But hey, who doesn't crave a sprinkle of danger and pizzazz in life? It's like being a super-sly crypto spy. To the Bitcoin doubters, I say give it a whirl. You might just get hooked on the untamed and oh-so-unpredictable world of digital cash.

In broad outline we are more inclined to say this goes back to awareness and mindset and perspective from someone, those who are not in the crypto world will certainly think Bitcoin is too risky even though it is basically true and it is not to the degree that they think, people who are familiar with and aware of Bitcoin we think they already have a target to be achieved with Bitcoin. after all Bitcoin is a currency that has a fluctuating nature where the value and price can change.

Everyone who knows about bitcoin must have different thoughts and views. All of that happens because bitcoin does have very complex and multipurpose uses.
Such as being used as a transaction tool, used as an investment asset, used as an asset that is useful for dealing with inflation, and maybe if from the negative side there could be a handful of people who misuse bitcoin to do something criminal. But when talking about crimes caused by the existence of bitcoin, it's not the fault of bitcoin. But that is absolutely the fault of the people who committed the crime. Because it's not only bitcoin, there are also many fiat currencies who misuse it for things that are criminal in nature, in my opinion there are more examples such as cases of counterfeiting money.

So do not be surprised if there are different ideologies or people's views on the existence of bitcoin, because in my opinion bitcoin is a currency that is very unique and has many uses. Most importantly we have to be wiser in using it, because something that is good too if used by bad people, will definitely be something negative, and vice versa if it is used on good things, it will definitely be better.

And for the future of bitcoin, nobody will know, maybe we can only estimate it, because it's all still a secret, so don't think about it too much, the most important thing is that we as investors must always create a good image for bitcoin.

Bitcoin maximalism believers are unrealistically living in a fantasy world 🌍 that does not have much if any chance of ever happening. They are likely the most harmful toxic force against BTC that will ever happen.

Bitcoin is a digital currency that operates on a decentralized peer to peer network. I think bitcoin is not a normal currency, it is a currency that involves risk and very high volatility investment. Investing in bitcoin has a high rates of returns and for sure it will become higher in the future. It is not controlled by any government and financial institution. If you do a bitcoin transaction no one will know it because of anonymity. So before doing any investment try to research and study first so that you will not regret doing investments.

Agreed with these because some people have their mind stamped with the idea that bitcoin and any other cryptos are nothing but a scam. This results from the cases that they have seen where people have lost their money in their digital wallet and other have seen people that lost their investment when the coin that they invest in crashes. You cannot actually blame them for their hesitation since the very nature of the crypto is a clear reminder that it is a risky activity. So, take the risks that you can afford. Also, I agree that we cannot push those people to change their mind, just do and go on with investments in crypto and let them see its potential so that in the future they are the ones who would assess their view on these digital currencies.

I think 3 to 5 are different.  This entails the level of trust of a person.  Interest doesn't mean the persoh has trust on the Bitcoin Industry.  It just got the person's attention and pique the person curiosity, there is no level of trust in this situation. 

Confidence on the other hand shows that the person trusted the Bitcoin Industry and he is sure that nothing will go wrong partaking in the Bitcoin economy. while Bitcoin Evangelism shows the person's dedication to propagating Bitcoin.  It is more than a trust factor because the person even dedicates his time and endeavor to spread awareness about Bitcoin. 

Btw, you forget about Bitcoin maximalism.  They are the view that Bitcoin as the only cryptocurrency and digital asset that will have – and should have, right now – any meaningful value.  They see Bitcoin as only one true coin[1].

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[1] https://zondaglobal.com/en/blog/bitcoin-maximalism-what-is-it

You may not be wrong with this logic, but I think points 3-5 are just the same thing, because first you need to pick interest, and after you have really gotten a good understanding or experience, you will be more confident, after which you will want to let others know and enjoy the benefits of Bitcoin, which first is true decentralization. Also, those who are skeptical about Bitcoin will not buy the idea of having to deal with it (denial). But you did not mention those who have misconceptions about Bitcoin; their misconceptions may be due to some economic lies or some bad experience they or their friends have had with some shitcoins in the past. The truth is that everyone doesn't really need to have a good view of Bitcoin for it to exist. Bitcoin will remain unchanged from what it is, and before some people realize they were wrong about Bitcoin, it might have been too late.

Actually, it is normal to think that Bitcoin is too risky, moreover for those who don't really understand Bitcoin. It is because of the high volatility and fluctuation. Additionally, some people still don't understand much about how to utilize fluctuating markets optimally to gain profits. So, this is once more, normal to think like this.

Everything must have its plus and minus sides.  Some people always believe in Bitcoin, which can be really useful as a global currency, for worthy investment, and also for its great development.
However, o the other hand, some people who hate Bitcoin will always gonna hate whatever the reasons. And they will always spread bad news about Bitcoin as usual.

If we are to compare the money launder through cash and the money launder in Bitcoin, I'm sure that cash will win by a wide margin, so the idea of Bitcoin is used for money laundering is a misplaced discussion that is not necessary; also the opinion of people doesn't stop bitcoin from doing what it knows better. It will grow regardless of what you think, where you come from, and what societal position you hold. Instead of listening to what they say negatively about what Bitcoin is doing, you should rather don't give attention. If you want to buy Bitcoin or planning on how to buy, do and ignore the negative sentiments.

Those people that worry about bitcoin being used for criminal or illegal activities don't really understand bitcoin, and one of my questions to such people will always be..

In what year was bitcoin born? - 2009
Before 2009, weren't there criminal and illegal activities carried out in majorly every part of the world?

Believing that bitcoin is used to finance criminal and illegal activities is the wrong mindset about bitcoin, without bitcoin many year back, crime has been, and if for instance, there is no bitcoin at the moment, crimes will still happen, this is something people should understand and stop worrying over things that are not important.

I think it's actually quite reasonable because indeed in this case the view of people about bitcoin which is indeed not a safe thing is something that really cannot be blamed because we know that this is a risky place so indeed when saying this is a safe and comfortable place it is clearly a mistake because there is no such thing in bitcoin considering we have to be prepared to lose for the worst possibility.

On the other hand, when talking about actual crime, things like this are often discussed, not even now, but things like this continue to be discussed over time and the answer remains the same. Bitcoin is just an object and greedy human nature makes this a means to gain profit for them. But apart from that, what is wrong is clearly not the bitcoin, but we have to reflect that it is humans who make this look bad.

Same with my thought. At end of the day, people have always negative thing to say at a certain thing that they dislike the most. But let them worry, while we continue to explore and benefit from bitcoin. If they have something to say against bitcoin, I guess we all have some certain reasons too to like about bitcoin and it’s only us who are able to notice and benefit from it. The important here is, we know that bitcoin has great potentials to keep us benefiting in the future, so we should keep on hodling and protecting it for our own advantage.

People's opinion varies a lot about Bitcoin, some people think Bitcoin is a gambling game while some think that it is a Ponzi scheme, for example, investing money getting rich, and coming out of it. For me, bitcoin is a type of cryptocurrency that beyond all odds serves as a great investment opportunity if wisely done.

When people think that Bitcoin is a risk, I don't think it's a bad thing. Because bitcoin does carry some risks. And they are not minor risks, they are major. So it is obvious that many will think that it has risks. But when people say that Bitcoin is bad, then I have some issue with them. A thing is only bad when we make it bad. As long as you use it with a good intention, it is good.
There are good people and bad people. So the difference between the opinion over something will always be good or bad. We can not change that. They way we use it, it will appear the same way to us. Don't overthink about it. When Bitcoin will gain success, the ones with negative opinion will be the first one to join it. It's just a matter of time.

A lot of people see Bitcoin like this, especially those who are not really knowledgeable about Bitcoin. They probably heard about Bitcoin but aren't really into it because of these thoughts and images they have. Well, it's true though... Bitcoin is risky and can also be used for money laundering, but Bitcoin isn't really just about that. Some people only knew negative things about Bitcoin that they don't want to be involved with it. But this kind of stigma will change once they really get to know what Bitcoin could bring.

Like everybody of us here think Bitcoin is amazing because we know what it can do, and how we can use it. Others probably also thought negatively about Bitcoin at first, but once they get a deeper understanding, that negative thoughts can easily change.

Bitcoin's volatility is a challenge to the idea of Bitcoin as a replacement of fiat, but not to the idea of Bitcoin as another legal tender alongside fiat (like in El Salvador). As long as there's a way to set prices in something relatively stable, Bitcoin can be comfortably used for payments, adjusting the amount based on volatility. Moreover, fiat isn't stable everywhere, and hyperinflation, which is a majro problem in some countries, poses a huge risk to using fiat and to keeping savings in fiat, and yet people do that anyway, even when fiat loses more value proportionately per year than Bitcoin. Not to mention that Bitcoin is likely to eventually recover, while the only hope for such fiat is that it will keep losing value, but at a smaller rate.

That's absolutely and technically correct. To use it as a store of wealth may be somehow risky as no one can predict what the price would be in time of need. Every investors know this and have always invested the amount of money they can afford to loose without any form of emotional breakdown. Which ever way anyone sees bitcoins depends on their knowledge of it. With the current awareness of Cryptocurrency around the world, it will definitely be impossible to destroy it.

First of all those are people who doesn't believe anything other than fiat money. First of all they want the currency to have the paper apperance and want to feel its physical presence. They never think the advancement happening around, they stick to the old days.

Part of people who have well understood the reality and the need for technology is the reason for the success. At times the influencers try to make some impact over the market. Those used to happen to some extent, beyond which it is the market that function on its own.

You are correct, there are individuals who are skeptical about Bitcoin and view it as a high-risk investment due to its volatility and association with illegal activities such as money laundering.

However, there are also those who recognize Bitcoin's potential to revolutionize the financial industry and believe in its decentralized nature. The fact that Bitcoin is not controlled by a central authority and its transactions are secured using encryption technology is a major appeal to some people.

Such an mindset is commonly seen around. Those are people who doesn't want to take risk and they prefer to be on the safer side. Such people need to experiment it, but they spread words as if like they've used it. Never make any statement positive, so whenever we come across person who is spreading negative about cryptocurrencies we should understand he had made some mistakes and lost. If not he wasn't able to hold it, which caused him loss. We need to understand what the reality and be part of it.

Well people who think or say that bitcoin is mostly used for illegal or nefarious type things, typically don't have a single clue about bitcoin and how it works.  They just tend to say this because they don't like change.  They don't like the idea of traditional fiat currency being replaced.

I believe that bitcoin can still fully be used as a currency, and sure it's volatile but it's going to take time to level out, and I think it will.

It is normal for some people not to see Bitcoin as a normal currency because BTC was indeed not a normal currency for it is a futuristic currency and they will always hate it due to its volatility in price because they never understand the benefit.

There's no currency in the world that's not used by criminals to carry out their criminal activities. Besides, a video surfaced yesterday on Skynews where some couriers service agent was arrested for laundering fiat currency for the drug lord.

People saying bitcoin is used for illegal activities are just looking for ways to kill bitcoin, and it’s not possible for them again, I will want anyone to tell me the illegal activities which bitcoin is been used for and fiat currency is not used for it. Any illegal activities that bitcoin is used for started even before bitcoin was created and they used fiat currency for those illegal activities then. Lots of people that are rejecting bitcoin currently will be surprise when they see how bitcoin will be performing in the future, nobody can say anything that will kill bitcoin m, it will only reduce the price. They way lots of people have been adopting bitcoin currently, let’s see what will happen in the next few years.

I would even say that there are 5 types of attitudes towards BTC:
1. Denial.
2. Scepticism.
3. Interest.
4. Confidence.
5. Bitcoin evangelism.

Those who made dollars with Bitcoin, love it. Those who missed the chance, they hate it. It's as simple as that.
If you think it will go up and will be a great future investment, you buy it. If not, you don't. You regret.

21 million forever.

Yes for sure, Bitcoin is not like our normal currency issued by bank, and I don't see any reason why people should see it that way, because both are quite different both in usage and functionality, because just as our normal currency, also known as fiat is centralized and controlled by the government of a nation, Bitcoin on the other hand is a decentralized digital currency not controlled by anybody, unique and has limited supply.
While secondly, that people use Bitcoin for illegal activities does not mean Bitcoin on it's own is bad, and the future of Bitcoin is bright, of which I will love to advise that if you have any funds you intend to invest for like 5 - 10yrs, you should rather invest it in Bitcoin rather than fiat that will be affected by inflation.

and when it comes to the notion that btc is used by criminals, then it is just like any fiat-based currency where criminals are also using it. education is the key for most newbies in this market to be acquainted what is crypto really is.
if they will learn more about this market, i would say, they may possibly change their perspectives towards this market. remember, fiat currency is still the most used in illegal activities. so people should not be too hard with crypto on this aspect, this is like another currency where they can use for their fraudulent activities. media sometimes is highlighting the negative side of crypto, they forgot there are other benefits when they use it.

No one is wrong in this case. To be fair, bitcoin is actually very volatile so using it as a currency is difficult, volatility is only relevant when we talk about investing. But it solves some problems that fiat doesn't. Such as cross-border money transfers without taking too much time as well as reducing costs for users.

It's high time we stop listening to such stereotypes about Bitcoin usage and its legality and also to debulk the false claim that Bitcoin is used for money laundering since all currencies are used for that too,  the US dollar is also used for money laundering and this has been going on for years without any possible solution to stopping its usage for illegal activities, ransom and terrorism financing are all done using the traditional bank's notes.

Even if you check the statistics between Bitcoin andFiat'st usage for the illegal deal, Fiat still stands the chance of getting a higher percentage usage for illegal activities, but the naysayers will not see that rather than panting Bitcoin as the bad actor in the financial sector.

If you are a true Bitcoiner you won't mind or think of how others perceive the currency, what matters to you most is how you your self the level of confidence you have on the currency which you have choose to hold. What ever others want to say about it will just be like a noise to you. Those who hate it will continue to hate it and give their negative vibes towards it, but those who have a positive believe toward it will always support it with positive feedback, that's what lovers do.

We must be like this because no one knows what will be the future of Bitcoin. And we can't control someone's own opinion because that's what they can see.
People's perspectives on Bitcoin are influenced by a variety of things, such as their knowledge of technology, economics, and finance.

Bitcoin, Bitcoin, Bitcoin. Some folks adore it, while others loathe it. But me? I can't get enough of this coin

Sure, there's the naysayers who argue it's too risky, too erratic, too...enigmatic. But I say, isn't life about living on the edge? And really, what's the absolute worst outcome? Losing a handful of cash? NBD, it's just dough.

Now let's cut to the chase on why some peeps are hatin' on Bitcoin - they're just trembling at the thought of change. They're stuck in the past, hanging onto their outdated currencies and their snooze-worthy bank accounts. But moi? I'm a daredevil. I'm an explorer. I'm...okay, yeah, I'm just a guy who enjoys splurging with Bitcoin.

But you know what? It's a kick. It's thrilling. And it's got a touch of rebellion. So, let's do this, enter the realm of Bitcoin together. Who knows what mind-blowing adventures are waiting?

When you dislike something, you can present a thousand reasons against it. Conversely, when you favor something, you may provide a plethora of reasons to support it. This is also true for Bitcoin. At times, a few individuals may oppose Bitcoin, resulting in a multitude of reasons against it. The most common excuse is its volatility. However, we acknowledge and believe that Bitcoin's volatility is what makes it the most popular. Holders and traders can benefit from this volatility, which is why they prefer Bitcoin. I am not concerned about other people's opinions about Bitcoin, as I have a thousand reasons to like it.

I understand the discussion about the value of bitcoins changing, but they should also know that people are taking advantage of the change in value to make profit. Everything is risky. There is even risk keeping the currency that the value has been stable.

People should learn to concern themselves with the things that they can control. No matter how you try, you cannot stop people from using bitcoins for illegal purposes that ruins it's name. That is just the truth.

They both are right from their own point of view. Bitcoin price is volatile and the price up and down quickly compared to other currency. So it is fair enough to tag bitcoin as risky. But if you believe the technology and future bitcoin is above the risk it posses.

Thats it, generally people see inflation as products going up  when in fact its the FIAT
devaluing. In terms of Bitcoin it has had many years of bad press and constant attacks
from investment institutions, banks, governments and main stream media so its understandable
that generally people would be negative towards Bitcoin.

For traders I imagine volatility is kind of a necessity, thats where ^gains and _losses can be
made and as a non trader if you have a long term outlook with Bitcoin volatility is a non
issue. Where it gets dangerous is when inexperience and speculation meet along with
going "all in" on the short term.

This is why you should really be needing to zoom out if you are really that serious on learning on what Bitcoin is. It would really be normal to have that approach where people do mostly be starting up on having those
beliefs that Bitcoin is neither some sort of ponzi or something that could make them rich quick which sooner or later they would be able to know on whats the real deal. Its better not to worry because
they would eventually be able to find out for themselves on what truly it is. Just like in most of us on which we are still starting up on this market or something we didnt been able to encounter.
It would be normal to have those bad beliefs but due to experience then you would be able to adjust to that. This is why its really that important on having that deep
research if you are really that serious on dealing up with something.


When you are really that a newbie and been prone into false marketing or news then you would really be ending up on lost track but when losses do hits up hard
then this is where learning would really kick in.

This is simply what the government wants us to believe. They believe volatility only happens to bitcoin. People hardly believe that the value of fiat declines rather they think it is the price of commodities that is going up. Not only the risk of it changing value but people believe that anything that is not regulated by the government is not going to come good and they have related such mentality to bitcoin.


The only thing that is not use for criminal activity is something that doesn’t exist. And since bitcoin technology is still new it is natural that criminals will exploit it to their advantage. The news that it’s purpose for criminals to by pass government law is just a stereotype spread by the government and some factions of the media to create FUD around it. The fiat currency is still the highest currency use by criminals to carry out there activities even with all the regulations on it by the government they still can’t fish out those criminals.

People will continue to pick up more interest in it as the banks continues to frustrate people and also as people begin to see That their fiat savings is losing value due to inflation and excess printing of it.

Obviously they talk bad about it because it is the media that broadcast news that is false in the first place, so people run after false news and so on. Unfortunately nowadays you can no longer distinguish what is right and what is wrong without your own head.

Exactly. Everyone has their mental thinking of bitcoin. Mostly for those who supposed promote bitcoin to the highest level see Bitcoin from the contrary viewpoint. And one thing in Bitcoin is that you can view it from and give a judgment, you must come close to it before can give comprehensive judgment to know if or bad or good. But if one stay for far, the person might give a wrong judgment. Some people do not even trust the fiat currency which has been launched to be use online. They did not trust it because their believe is that their money will disappear for the system. And that is a mentality mindset.

This topic of bitcoin becoming the mainstream currency or replacing a fiat one is very old and boring.

You should not want BTCBitcoin to be the most mainstream currency in the world, that wont ever work.Its nice to hype and overreact witouth thinking about consequences

It is what it is, accept it, dont try to make it something else.