Topic: Why are so many people against bitcoin? - page 118. (Read 19333 times)

I think its because of the fact that bitcoin is a new thing and that it has terminologies and ends that can either break or make you. One thing to also note is that with bitcoin it offers a lot of good things but it has also a lot of fails that can scare a person

I agree with you. It is only because they don't have the information of bitcoins, they just ignore it and don't bother to understand it.

People often neglects what they do not know, specially when it comes about money. It's either they become skeptical and curious or just plain judgmental that bitcoin is a scam without prior follow up research on their part. Its normal I think, because we all know how bitcoin started and how it has been used to various negative activities.

Those people are nit yet encountered the benefits of bitcoin in life. They are only making feedbacks in very negative way while there is no good feedbacks comes from them. They keep on telling that btc is scam but they are not yet try to get information about, they are just telling that this is scam.

Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) :

- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.

many people against bitcoin because they have not understood about bitcoin and they do not believe in the results or benefits that will be obtained from bitcoin

You are against what you do not understand. This is the golden rule of humanity. We shouldn't look at others, we must think with our own mind.

People agains because some of people canot understand about bitcoin.

Absolutely agree. People envy those who managed to enter the crypto world in right time and waiting for their failure.

Most people who do not understand with technology, the value of bitcoin.They are afraid to invest their money.q

I think many people are just not fond of change and innovation. They see bitcoin as a threat to the old system where we still use cash for every transaction. There is also a possibility that they don't feel that secure when they hear the word bitcoin and online. That is the initial reaction of my parents when I first mentioned it to them.

I think, that is because they are scared, maybe scared that bitcoin would take away their jobs or maybe they are scared that bitcoin is a scam, and they are being dragged into something that would make them regret. But I think, bitcoin is something to be thankful for, and we should be taking it not resisting it.

The reason people who against bitcoin just because they aren't know well about how bitcoin works, but if they understand it for sure they want to earn bitcoin as much as they can. It's the same way for me when the first time I know about bitcoin, I really don't believe that I can get some profit from it, but know I believe that.

they are afraid of change and hated every new thing. They have no idea about what cryptos are.

Those people who do not understand bitcoin; what is the bitcoin? what is the use of bitcoin? what can be done with bitcoin? what is the advantage of bitcoin? will be useful to me next generation? etc..
so they have to give a correct idea about bitcoin.

because they did not know how bitcoin works in crypto world, so that they ignore it about using this bitcointalk.

As some have already eluded to people are afraid of new things, allow me to take this a step further. Evidence suggests people fear that which they do not understand. People are also reading less now than previous  generations, understandably so this generation prefers YouTube to books. To fully understand bitcoin and apprecuate you need to read the documentation, perhaps someone should read it aloud on YouTube while tricking the viewers into watching with cute animals like kittens... Draw what conclusions you may from that.

I don't see any backlash from regular people. They're not against it they're just indifferent to it for many reasons such as they unaware of it, don't understand the concept and benefits, it's just some weird new stuff that they can do without, listen to sources that tell them that it's scam, don't want to risk or can't do it.

I think the only way to change their minds apart from educating them is to set an example.

If they see that you, a regular person like them, double or triple your investments without suffering loses and made your life better it'll generate interest for them to get a deeper understanding of it.

i think people who are against bitcoin are the one who has a less knowledge about cryptocurrency ..

many are afraid to transact online because of scammers .. they didnt know the power of bitcoin 

Many people against bitcoin,because they  do the old traditional investment like banking system.
and i think some people think that bitcoin destroy the old traditional investment system they not realize the good benefits of bitcoin to us, maybe they have lack of knowledge  about it.all we need to is educate them and i'm sure change will coming.