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Topic: Why are so many people against bitcoin? - page 17. (Read 19333 times)

full member
Activity: 434
Merit: 117
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?

I think the reason why many people are against to the bitcoin because they do not believe to what bitcoin can do! They do not know the importance of the bitcoin in our economy and in our society.
sr. member
Activity: 378
Merit: 250
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?



I think some people are scared of bitcoin because they lack knowledge and wisdom about it. It is actually a good currency with a great potential but most of the people don't have enough understanding about it. Some people are afraid to take risk and since bitcoin involves money, they are fearful to trust it.
full member
Activity: 289
Merit: 103
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?

I think the last one you said is the good explanation for people who are against bitcoin,. coz think of it at first having bitcoin with no knowledge is meh..
if we will introduce them the bitcoin slowly and carefully they will accept it hahaha like me at first I thought bitcoin was a big scam because of many people are reporting they were get scam or something like that but until then I searched and searched more and I am now literate and know how bitcoin works HAHAHAHAHHA good for me.. the thing is many people making bitcoin bad in the eye of other poeple thats why many of us are against it..

member
Activity: 308
Merit: 10
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?

The people are against bitcoin because they can't believe the potential of the bitcoin,they will imagine that it is not possible that anything can give this much of profits.And the another reason is maybe it sound like a scam when they hear about it is is in digital form so they can't able to touch the crypto so they will always say bitcoin is not true.But in future everyone will understand what is the bitcoin but now it is hard to them to understand about bitcoin.
member
Activity: 258
Merit: 10
Because these people have not invested in BTC, they don't know the charm of BTC, they will only feel that BTC has no value.

sr. member
Activity: 812
Merit: 250
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?


Money, regardless of its form, can and always fall into "wrong hands". Money is a tool, it is not evil. And bitcoin is a form of financial tool, therefore money. What really triggers the hate of people against bitcoin is the misundertanding that is caused mainly by media. Sadly, some think that bitcoin is just a money scheme so this unforunate arguments happen.
newbie
Activity: 96
Merit: 0
There might be many a reasons for every individual person.
For existing users, It is based on their individual person experience and how they dealing with the bitcoin transactions where they may invest in some ponzi sites and may loss their money and they may turn against bitcoin.
sr. member
Activity: 1036
Merit: 294
Maybe the reason why we think they're against bitcoin is because they don't understand it well enough. Sometimes, misconception can lead to wrong beliefs. They often think that bitcoin is a scam–that instead of gaining, one might just end up losing. They may also be not willing enough to take the risk of investing or even in just being involved in the cryptoworld. However, we can't blame them because that's what they think is safe. And for many when its safe, its better. Security is their primary concern. They prefer something that can be controlled and regulated unlike bitcoin which is something ungoverned by anyone.

I guess we all here started as clueless individuals but with our perseverance and willingness to learn, we gained ample knowledge which led us to where we are now. Let us just help those "many people" learn more about bitcoin so they will no longer be labeled "against" such cryptocurrency.  Smiley
newbie
Activity: 98
Merit: 0
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?

Yes, many people now believe that bitcoin is a hoax. In countries that do not accept bitcoin, the Numbers are even higher. Because the government is telling people in this country that bitcoin is a hoax, the government's words are of great significance to people.
jr. member
Activity: 308
Merit: 5
Lack of knowledge is the main factor why some people is against BITCOIN.  They thought that it is a scam or a fraud. They were adamant and wants proof first.  Thru friends or relatives who knows Bitcoin and willing to teach them or explain it to them, eventually they will learn and like it and finally join and earn their own Bitcoin.
full member
Activity: 350
Merit: 100
The reason behind why many people are still against in bitcoin is because there are lots of people are not well inform what is bitcoin all about and there are some countries who are not technologically advanced.
newbie
Activity: 168
Merit: 0

I think  you can not buy it at a high price, it is obvious that you are against it. Lower the cost and buy it at a cheaper price Why not? And what china did with bitcoin is a good example.
member
Activity: 266
Merit: 10
Because they believed it is and illegal and a fraudulent investment, also not everyone believe in the Internet money ,while the Government see it as illegal way of making money because it is not approved by them.
newbie
Activity: 98
Merit: 0
I think the insecurity of the value fluctuation is something that scares people. There is nothing to worry about the security of the technology and on top of that, Bitcoin is also offering several benefits over traditional fiat system so there is no issue of insecurity in the possession of the value. Since there is no central controlling authority, the possibility of anarchy is another reason to oppose for some people.
full member
Activity: 770
Merit: 100
there are many things that make a lot of people against bitcoin, among them;
1. they are afraid of bitcoin falling on the hands of improper people so they are afraid bitcoin in wrong use
2. they assume bitcoin only give advantage to kepda certain people just by reason of bitcoin price in manipulation
3. lastly they think bitcoin is not a safe means of investment ..
for that reason they are fighting bitcoin, but suppose they want to examine the bitcoin more deeply they will know on the plot of bitcoin.
member
Activity: 122
Merit: 12
I think the insecurity of the value fluctuation is something that scares people. There is nothing to worry about the security of the technology and on top of that, Bitcoin is also offering several benefits over traditional fiat system so there is no issue of insecurity in the possession of the value. Since there is no central controlling authority, the possibility of anarchy is another reason to oppose for some people.
newbie
Activity: 121
Merit: 0
Many people are against it because they don't understand how it works. Few months ago some people I know who thought bitcoin is useless now do lots of transaction with it after giving them a proper explanation and showing them how bitcoin works. Others who are against bitcoin, just don't want to grow into the digital world.
newbie
Activity: 121
Merit: 0
I think people who fight Bitcoin are those who are new to Bitcoin. they do not know the truth about Bitcoin, they also do not know Use Bitcoin. so they dared to fight Bitcoin. try them in and play Bitcoin, surely they will not fight Bitcoin. because they know the true benefits of Bitcoin.
Yes because of being lack of knowledge they have some people that hate because they have less information about bitcoin. The people that want to destroy bitcoin. But no one can destroy bitcoin. Government hate also bitcoin in our country they spread fake news.
newbie
Activity: 199
Merit: 0
I think people who fight Bitcoin are those who are new to Bitcoin. they do not know the truth about Bitcoin, they also do not know Use Bitcoin. so they dared to fight Bitcoin. try them in and play Bitcoin, surely they will not fight Bitcoin. because they know the true benefits of Bitcoin.
newbie
Activity: 587
Merit: 0
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 peoples specially bank and governments of many countries don't like and accept bitcoin and etherum because bitcoin and etherum transactions they don't get any fees and taxes.
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