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Topic: Why are so many people against bitcoin? - page 21. (Read 19343 times)

member
Activity: 100
Merit: 12
The main reason why people who against bitcoin just because they don't know well about how bitcoin and blockchain technology works.

And if they understand it they want to earn bitcoin as much as they can.
newbie
Activity: 140
Merit: 0
People who are unaware about what bitcoin are the ones against it. Since they doesn't know how it goes, what it can offer, how much it can give, they would thought that bitcoin is a scammed thing. People or businesses who also acts as competitors are againsts it too. They will negate all things about bitcoin.
newbie
Activity: 10
Merit: 0
I honestly can not think of anybody who does not benefit from bitcoin! even banks that some people say are against bitcoin or bitcoin is against them are happy about bitcoin. not only bitcoin introduced blockchain technology to them to improve their business but also it has opened up new ways for banks to make money. banks are in fact making a lot of money because of bitcoin, all these traders are using banks to handle their money transfers and there are lots of them
newbie
Activity: 5
Merit: 0
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full member
Activity: 350
Merit: 100
people against bitcoin for two reasons-either they do not understand how bitcoin works and what it does for the world, or they do not want to change their life order to something new, or they themselves came up with a modern life order and do not allow someone to destroy it.
MMA
legendary
Activity: 1134
Merit: 1000
So many people do not understand bitcoin and they wouldn't know what to do with it if you gave them 1oobitcoins. They just need more information to understand it better.

A lot of people do not really know what Bitcoin is but don't you think that they can't really say something to a thing that they don't really know or understand right? Well I know that there are some people that heard it as a scam or a currency that is being used by criminals but I don't see them saying or spreading the word of it on a negative way since they hardly know it.
I know some people that heard Bitcoin for the first time as a scam coin but after some time that I've talked to them, they did understand the digital currencies and they don't also believe that Bitcoin is a scam.
It is our responsibility to teach them about bitcoin, so that they can also start taking interest in bitcoin, bitcoin is in fact very new still in most of the places, and therefore most of the people do not know about bitcoin, But i think that if we introduce bitcoin to then, they will surely start taking interest in bitcoin and will surely invest their money in bitcoin, because in current time bitcoin is the best option for trading and investment.
full member
Activity: 322
Merit: 100
I am of the opinion that the risks associated with bitcoin are so far more important than potential profits.
member
Activity: 244
Merit: 13
Many people are against bitcoin because of insecurity because of the sudden uprising of bitcoin, they got shocked and they're being threatened. One of these are the banks, they are scared of bitcoin because it is more convenient you just need cellphone. You won't be needing paper or coins. Another is that they think it is scam and people hate it that's why they are against, some are not familiar with bitcoin.
hero member
Activity: 1722
Merit: 528
So many people do not understand bitcoin and they wouldn't know what to do with it if you gave them 1oobitcoins. They just need more information to understand it better.

A lot of people do not really know what Bitcoin is but don't you think that they can't really say something to a thing that they don't really know or understand right? Well I know that there are some people that heard it as a scam or a currency that is being used by criminals but I don't see them saying or spreading the word of it on a negative way since they hardly know it.
I know some people that heard Bitcoin for the first time as a scam coin but after some time that I've talked to them, they did understand the digital currencies and they don't also believe that Bitcoin is a scam.
newbie
Activity: 132
Merit: 0
So many people do not understand bitcoin and they wouldn't know what to do with it if you gave them 1oobitcoins. They just need more information to understand it better.
full member
Activity: 252
Merit: 100
If people are opposed to something, then the thing is clashing with interests.For this reason, there is a very large group that opposes bitcoin.Finance companies and banks are examples of this.
full member
Activity: 252
Merit: 100
What they are afraid of is that they do not have a clear support of the states. But they can apply tough sanctions. Future uncertainty creates fear.
newbie
Activity: 126
Merit: 0
Bitcoin adalah bentuk mata uang yang relatif baru yang baru saja mulai menjadi mainstream, namun banyak orang masih belum mengerti cara kerja bitcoin mengapa mereka harus berusaha untuk menggunakannya. Mengapa menggunakan bitcoin Shocked Shocked
full member
Activity: 188
Merit: 100
Maybe. If they can regulate it. And crypto as a whole it will be better
member
Activity: 243
Merit: 10
Bitcoin, a currency run by the peer-to-peer online network, has attracted public attention. This digital currency by some people is believed to be one of the new financial arrangements that will transform traditional banking and economic control in reverse.

Currently, there is an investment (bitcoin) just for fear of losing big profits. However, others use bitcoins and other "cryptocurrencies" to commit crimes.

Many countries support bitcoin, but not a few are against it. China for example. The country has banned its citizens from trading (digital currencies).

Japan, meanwhile, issued a law that recognizes bitcoin as a legal payment method earlier this year. Besides Japan, it is Russia which also ends in favor of bitcoin. The country is reportedly preparing this regulatory framework.
jr. member
Activity: 204
Merit: 1
I dont think those "people" whom your'e referring to, are against. It's just that they know nothing or minimal on cryptocurrencies,which hinders them to fully accept it. They are just being cautios on something they dont fully understood. Just like me on my first time hearing about bitcoins. I was reluctant at first yet when i get to know it's value,i indulged on it openly.
full member
Activity: 308
Merit: 101
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?

maybe because they haven't experience earning bitcoin and due to lack of knowledge that is why they are still against bitcoin and they still don't believe in bitcoin. These people are afraid to be scam and to lose their money.
sr. member
Activity: 1610
Merit: 406
PredX - AI-Powered Prediction Market
Fight and hate. maybe they've got a lot of losses from bitcoin so maybe they hate bitcoin. it is natural. when bitcoin has many people who hate it. they seem to lack understanding
sr. member
Activity: 1190
Merit: 250
COMBONetwork
They do it because bitcoin has many disadvantages and negative effects that can make people who know bitcoin to lose something very valuable. So many people even governments in every country against bitcoin not to be used like any other currency because it can harm anyone.
copper member
Activity: 189
Merit: 0
BOUNTY | PR
Probably most of them get influenced by the media, without trying to really understand the dynamics of Bitcoin.
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