What hatred do people have for Bitcoin?

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: Nutrient on September 17, 2021, 10:09:23 AM

For some, they are hurt because they did get scammed and lost a great deal of their assets. While for others, they are definitely upset. They didn’t see Bitcoin getting to this level. They missed the opportunity and they are recruiting people that look up to them to hate on the coin.

From what I've seen and read here, who quit on crypto or has bad blood in this market, a lot got scammed and lost. But if we look at things, it is not because of bitcoin but their action on investing projects that are not authentic. We can't blame this on bitcoin because it is our responsibility to do our own homework before jumping on too-good-to-be-true ROIs. And the sad part, these people who got screwed will spread information that are not true, creating negative perception on bitcoin itself.

Nutrient

jr. member

Activity: 68

Merit: 1

For some, they are hurt because they did get scammed and lost a great deal of their assets. While for others, they are definitely upset. They didn’t see Bitcoin getting to this level. They missed the opportunity and they are recruiting people that look up to them to hate on the coin.

marilynmanson21

hero member

Activity: 1260

Merit: 510

hatred arises after trust is ignored, as well as bitcoin feeling disappointed with bitcoin can lead to hatred against bitcoin itself. but the reasons may be different, there is a friend of mine who really doesn't believe in bitcoin after I investigated it turned out that he was tricked by Ponzi under the guise of bitcoin and he had deposited large enough funds for me, so he assumed bitcoin was deceptive, and always gave scathing comments to bitcoin, but I think bitcoin is never wrong but certain people who use bitcoin to cheat and have a negative effect on bitcoin

blckhawk

sr. member

Activity: 1554

Merit: 334

only old time investors that are not willing to learn about crypto hates bitcoin, because they only like to invest in stocks on wall street but as time goes by many business men invest on crypto more than they invest on old stocks and old time investors hate it because the profit from their investments on those old stocks will gradually go down affecting them drastically. but nonetheless all their hate and fud cannot stop bitcoin from going up because as time goes by the demand for bitcoin is going up as well.

Chato1977

member

Activity: 1162

Merit: 58

If you are not aware of a market then never invest at first, know deeper and dig deeper.

this is the main reason why many are falling trap and now blaming bitcoin,

but the truth is, they are being a victim of their own greediness.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: zanezane on September 15, 2021, 03:19:09 AM

I think it's just pure ignorance that's causing all of this hatred, I mean isn't that the reason why people are always angry at some things? That's because they don't know a squat about that thing and they don't take the time to learn so they hate on it even if it's baseless.

Not all of them are ignorant about bitcoin. Actually, many of those people that hates bitcoin had their own time to research it and understood what bitcoin really is. But you're right that when someone is angry and hating a thing, it's one reason for it that he doesn't understand what it is.
But as I've said, there are those that understand bitcoin but still ignores the fact that they can't believe that bitcoin is a disruptor not just in technology with its blockchain but as well as both for fin-tech.

bakasabo

legendary

Activity: 2492

Merit: 1215

Greed and envy are two factors why people have hate for Bitcoin. They envy that others managed to earn well or became rich. They wanted to achieve the same, but were greedy for time to spend on a research what they buy or to pay a professional to manage their finances.

I've seen people saying they dont Bitcoin because it is used for illegal deeds and that is partly true. But I'm sure that bigger part of illegal deeds are performed with the usage of fiat and cash.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

I think it's just pure ignorance that's causing all of this hatred, I mean isn't that the reason why people are always angry at some things? That's because they don't know a squat about that thing and they don't take the time to learn so they hate on it even if it's baseless.

Luke Briggs

jr. member

Activity: 54

Merit: 5

Quote from: albon on August 04, 2021, 01:19:26 PM

Quote from: Rruchi man on August 04, 2021, 12:53:15 PM

My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?

I think that many who hate Bitcoin may have had a bad experience after investing in cryptocurrencies and losing all their money, the lack of experience of beginners in the crypto world is what makes them take a bad impression about investing in cryptocurrency or perhaps they thought that investing in cryptocurrencies achieves rapid wealth, and when they entered the market, they quickly exited without achieving this wealth, so they blamed Bitcoin and cryptocurrencies and not themselves.

They don't know Bitcoin, they just know about Bitcoin through some news or introductions from friends. It is normal that they will not operate. Some people will use the lost money as tuition fees, and some people will launch the world of cryptocurrency because of the loss of money. This is their loss. They did not see the advantages of Bitcoin. Maybe they will regret it later.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: Amejoaquim on September 08, 2021, 10:39:35 PM

People hate what they don't understand. Anyone who took the time to do some research on crypto would likely fall in love. I've noticed more older people truly hate it than younger people and one more thing is most crypto people are so annoying and won't stfu on social media especially when he got profit and it will make people jealous with that.

lol many of them hates bitcoin because they have lost their money for their investment as greedy way they are.

older people has no reason to hate bitcoin instead they just don't like to invest nor use this thats all but they don't really hate this.
those who has hatred mostly the people who made wrong decision in their investment.
i have known someone like this in that past in which from the group and he keeps bullying bitcoin because he fails .

Davidvictorson

hero member

Activity: 1120

Merit: 887

Livecasino.io

They hate it because they haven’t taken the time to understand it. They hate it because they jumped right in without doing their own research and lost or got scammed. They hate it because they think it is a get-rich-scheme quick and it didn’t get them rich quick. They hate it because they see it gaining wider acceptance despite their strong criticism and they’ll rather be burned at the stake than recant their belief.

Amejoaquim

full member

Activity: 924

Merit: 100

People hate what they don't understand. Anyone who took the time to do some research on crypto would likely fall in love. I've noticed more older people truly hate it than younger people and one more thing is most crypto people are so annoying and won't stfu on social media especially when he got profit and it will make people jealous with that.

willhuber

newbie

Activity: 33

Merit: 0

People are always skeptical of things that are not backed up by a central authority. Things will change eventually. Right now the government's resistance to bitcoin is also affecting people’s decisions.

Chato1977

member

Activity: 1162

Merit: 58

Of course when they stupidly invested when they still have no understanding about bitcoin , they even buy when the price is pumping and then suddenly fall comes and they panicked selling.

usually those are the losers who feels hard about bitcoin till now.

they are blaming bitcoin because of their own stupidity.

ILuckyGuyI

hero member

Activity: 2030

Merit: 402

Some people hate Bitcoin just because they have lost a great deal of money. But it is not Bitcoin's or anyone's fault actually. You already know that it is a volatile cryptocurrency before making an investment into it. You should be ready for every kind of results you can get. And some other people hate it because they are misinformed about it. They just see Bitcoin as a ponzi scheme.

Samandra

newbie

Activity: 25

Merit: 6

People hate Bitcoin because they don't really understand it. They just see some negative news in the media news. They always look at new things with suspicion and fear the unknown.
Some people who hate Bitcoin may be newcomers to the crypto market. Their greed and market sentiment have caused economic losses when investing in Bitcoin. Their lack of experience and poor investment experience make them hostile to cryptocurrencies.

Sanugarid

full member

Activity: 1442

Merit: 153

★Bitvest.io★ Play Plinko or Invest!

Quote from: Rruchi man on August 04, 2021, 12:53:15 PM

Some folks despite the visible positive impacts of cryptocurrencies and reviews from Jack Dorsey, Elon Musk, Michael Saylor and other popular crypto advocates have refused to change their stance on it. They don't just oppose Bitcoin or other cryptocurrencies but they wish it would die. For example, Buttcoin is a reddit forum where Bitcoin is "crucified" daily. In that forum, Bitcoin has been called "a scam", "a negative sum game". Also, David Gerald who is an anti-crypto activist has publicly cleared his hatred for cryptocurrencies and blockchain technology. According to him, “I think the future of cryptocurrencies is that it will become increasingly regulated and normalised. People want regulation of this because they want to know where they stand and what they can do with this sort of thing. I think that speaking technically they are junk-quality assets. They are not backed by anything they are volatile as hell. They have a price because people will pay for them and that’s all.”

My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?

The concept of blockchain technology is not easy to understand especially for people who're not technologically inclined which results in misinformation and only focussing on the negative side of BTC or cryptocurrency. People like them will hate something they don't fully understand. Moreover, it's not regulated by the government which makes it illegal in their perspective.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Quote from: Duzter on August 04, 2021, 12:57:43 PM

Most of the time bitcoin haters were the newbies to the cryptocurrency market. Beginners just get into cryptocurrency trading or other form of investment believing it as a way to make profit. Fortunately this won't happen everytime, and when the market doesn't support the predictions what happens is loss. This time the user doens't have the mind to accept the mistake, but states that cryptocurrency market is wrong. This is how haters emerge in the market.

Totally agree, one of the reasons they hate it is because the flow of the market is not in line with their predictions. Also, due to being naive they tend to panic sell with little lost and when the time comes when the market is bullish they are outraged by it. By personal experience, one of my friends tell this to me and it really frustrates him and he focuses on alt coins instead of building himself again.

junmisakiro

full member

Activity: 643

Merit: 116

Enterapp Pre-Sale Live

They hate bitcoin because they basically don't have a deeper understanding of bitcoin and the advantages it offers, which makes them have to lose some of their assets when they start investing in bitcoin, because they don't know when the right time to enter and exit the market is, and in the end they say bitcoin is a very bad investment as Warren Buffett always says.

Accardo

hero member

Activity: 1274

Merit: 561

Leading Crypto Sports Betting & Casino Platform

People don't adapt to change easily. They would want to stick to the old ways of banking, holding gold and interests. When new things arrive some people will be affected. In the case of Blockchain technology bankers feel threatened by this development that it would cost them their job in the future. However, they will personally enforce the teaching that Bitcoin is not worth it to their customers. Those customers could be staffs in different platforms that doesn't come close to finance, just like op that most people he met are not financial staffs. Although their knowledge could be from a friend but something is wrong with the points they provide to answers that make them believe that Bitcoin is Evil to their finance. Thus those points were generated from a financial adviser, so the bankers also share such messages to customers.

Topic: What hatred do people have for Bitcoin? (Read 1065 times)