People who oppose the market are often losing money. Those who make logical moves like bitcoin.
Some people see it as fraud. I do not agree with this view. You may also lose money on other stock exchange sites. All market risk.
Topic: Why are so many people against bitcoin? - page 11. (Read 19343 times)
Some people are against bitcoin because they do not understand the potential for bitcoin, or maybe some individuals want to release bad news to lower the price of bitcoin.
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Probably, they are still too conservative!
I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
Many people are to against bitcoin. Because it's prize become rarefy. Other hand many countries government don't permit for this business. For this reason many people are against to bitcoin.
those who are against bitcoin are usually the financial institutions that are threatened by the bitcoin's technological potential, the governments themselves do not want to lose the power and control of the money they own, that is why they want to see the bitcoin dead
A lot of them are companies that feels threatened by Bitcoin and its wide spreading among people, that makes them to try everything they can to sink Bitcoin and its users, just for a personal benefit
Bitcoin is a very good and hard-to-find innovation with common sense because bitcoin offers something very booming for the whole world. if the whole world is worried about bitcoin as the number one currency it can monopolize everything in any field, it's just that experts around the world in the field of currency are looking for ways to get the limit to bitcoin not moving as freely. just a matter of time bitcoin is acceptable all over the world.
If you have something for the common good, you will protect by all means and find the best way.
If you have something for the common good, you will protect by all means and find the best way.
I agree, btc is very convenient and people don't see it fair for some people to earn more money compared to those who are in other industries. Since bitcoin transactions are also easy to do, people think that if there is another way of earning fast then what's the sense of their efforts in their jobs? They just don't find it fair to earn so quick with such a thing.
I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
Innovation scares a lot of people in terms of investment because the big problem is they don't understand or they don't want to study bitcoin, because of Extreme volatility, Neither commodity, nor currency, An unregulated space,The issue of legality, Ponzi schemes abound, Prone to illegal activity. read the link for further details.https://economictimes.indiatimes.com/wealth/invest/some-debt-mutual-funds-are-offering-50-annualised-returns-should-you-invest/articleshow/63679084cms,
Its like also a bubble, how do you know when there is a bubble, and when will a bubble pop? These are all very, very hard questions for economists. But a good sign that there is a bubble is when a large share of market participants are buying based on untenable assumptions. So what are the assumptions that bitcoin market participants have? Many, I believe, are buying because they think prices are going to continue to skyrocket, making this a "good investment." I conducted a Twitter poll of Bitcoin buyers, and 72% of of the 79 respondents are purchasing because they want to profit from rising prices, click also this link https://www.forbes.com/sites/modeledbehavior/2017/12/16/why-i-would-bet-against-bitcoin/#3b23d2207fe8
I think some people are ag against bitcoin because they are so many instances that happened to them when they use bitcoin. Maybe before they are scammed of fool by someone using bitcoin and that make them wrong belief in bitcoin that not all are scam and they are so many site that gives opportunity and financial in using bitcoin.
It is easy to explain. Some are against the btc because they are not informed and are convinced that it is a scam that will soon be discovered. Then we have the banks and institutions that hold power and who see badly a democratic and decentralized instrument like the btc.
Not surprised though. Banks and prominent institutions have all been obsessed with being the controllers of wealth. Bitcoin wouldn't have been a problem to them but It's distributed nature is one thing they just can't accept and live. Most people who don't know the concept of bitcoin often leave it be and don't get involved with it, at all.
It is easy to explain. Some are against the btc because they are not informed and are convinced that it is a scam that will soon be discovered. Then we have the banks and institutions that hold power and who see badly a democratic and decentralized instrument like the btc.
I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
Not so many people against bitcoin but those only people in the government who really want taxes. Those people who do not understand and accept the features of bitcoin. It’s freedom of using with no restrictions from the government. Its being free of using it without any third party involve to it , no taxes , cheaper to use by any business companies for advertisement in social media. They hate bitcoin not knowing that it will help a lot of people in the world by promoting its projects.
I think some people are against bitcoin because they are so many instances that happened to them when they use bitcoin. Maybe before they are scammed of fool by someone using bitcoin and that make them wrong belief in bitcoin that not all are scam and they are so many site that gives opportunity and financial in using bitcoin.
Many people are scared in bitcoin because they thinking bitcoin is scam, and because of the negative news in media.thats way many people against bitcoin
Because this is an open field of activity which is interested in more and more people because of its accessibility.I am sure that over time, the crypto community will grow several times
Most people are just scared of the technology that Bitcoin has brought along to the world. its still a new phenomenon and most people are still not at ease with trying it out thanks to the negative publicity BTC has had in the past.
People will be only against bitcoins if their business is being affected just like the banks. Most of the people think at bitcoins like networking which has a fraud. They but they are not really know the other ways to earn cyptocurrency.
I think many people have been carried away by the bad publicity bitcoin has received over the years, without being really interested in learning more about what this technology really implies. Therefore in these days when things have not gone well for bitcoin, many are taking it as an argument to justify that they were always right to distrust bitcoin.
I think most people probably think of bitcoin as a threat to the currently established currency system. Most people lack knowledge about bitcoin, and seeing such an alien thing slowly climb its way to the top definitely scares them. They are too old, too adapted to try and change their perspective and look at things differently, see how BTC could benefit the society. Also, there have been may criminal activites related to bitcoin, many newcomers have gotten scammed, had their bitcoins stolen due to poor security practices. All these have created a bad name for bitcoin among the society.
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