Topic: Why are so many people against bitcoin? - page 23. (Read 19333 times)
Agreed, lots of people are against and doesn't believe in bitcoin, because first they don't aware about it e.g. cryptocurrency, blockchain etc. Also, it is because of risk of security so they don't want to invest in bitcoin
It is not really against it, maybe they are not just open to adapt to new technology. Some people doesn't believe on things that are intangible that's why they are not into digital currency, they want things with value that they can hold physically like, fiat money, gold, land, etc. There are others who are really not friendly to Bitcoin because it is a threat to their businesses like banks, money transfers and other financial institutions.
People who are neighboring to bitcoin actually illiterate roughly bitcoin. They are always conflict that know every single one but they don't. They even don't know it is genuine child support. Most of them who are neighboring door to bitcoin actually have gotten incorrect recommendation and didn't regard as flesh and blood thing . So set aside them melody the world is re unaided digital currency in near far away away ahead. Then they will just disappointed why they adjoining it and as well as why didn't earn some bitcoin.Bitcoin is always legitimate maintenance.
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 COINS are not recognised by governments around the world, so the people in these countries is more easy to bad influence on the currency, they will follow the government's opinion about the currency is a scam
Bitcoin can hardly be placed under the control of governments and big speculators so it is accused of all the faults of our society such as fraud, terrorism and tax evasion.
Maybe for the reason that bitcoin is still a stranger to them. They are still not knowledgeable of what bitcoin csn do for us. "You cannot love someone you do not know" right? If they'll know what could bitcoin bring then they'll be able to accept it.
In my opinion, the old people do not want to take risks in traders because Bitcoin prices are very volatile, where prices can change significantly over time, and they do not want to understand what Bitcoin means.
I think lot's of people do not know deeply in bitcoin. That's why they can not trust this coin. And suddenly it's value goes to too much high and that thing many people shocked. Last year bitcoin prize around 1000 dollar but nowadays its very high. And one thinks you must notice that some country's banned bitcoin. Bitcoin is an online currency and people do not feel 100% secure in this field. I think one of the reasons this is.
People don't like crypto because can't understand it. They are probably stupid or just obstinate people that can't take alternate things and think only one way.
Unlike other investment avenues, cryptocurrencies are not regulated by government entities or banks. “There is no authority like Sebi that you can approach for grievance redressal,” says Vikram Pandya, Director, Fintech, S.P. Jain School of Global Management. Sharma concurs, “If we buy something with a credit card and get ripped off, we can call the bank and ask to be compensated. But if we get ripped off in a bitcoin transaction, it is impossible to get the money back.” As Pethe has realised a ..
There is no doubt that there exists a lot of frustration among the people who want to remain loyal to their countries law and at the same time loosing the profits from the opportunities of the bitcoin. The issue is simple that if they ever fall in some trap in the crypto world, there wont be anyone to rescue them and they might end up getting other charges from the authorities on them. So the confusion is prevailing and it has no end. 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?
Layman's insecurity that is the reason why they hate it. They cannot hold it in their hands. It is intangible. They like holding paper, coins and plastic cards. All the old world stuff makes them feel comfortable. Bitcoin makes them uneasy and jittery. For they are not making any efforts to study it.
because bitcoin is not stable :3
It was not a matter of stable notes, but because of the declining bitcoin price that made many users panic and leave bitcoin, but I was patient because I was sure that someday bitcoin prices would soon rise and pass the highest position that happened in the past year.
I think those people who are against bitcoin are not educated enough of what it can do. Those who are not open this kind of change in the world of currency. Also, maybe bitcoin being decentralized is also a factor. Government do not have any control in here. The transactions made can not be tracked. Maybe they think that it is illegal.
Because it is an easy way of dealing for criminals and they may be also against it because of security threats.
People do not want to learn something new. They are used to old things. All their thoughts are crammed with the way to feed the family. While we are all thinking about how to enrich ourselves with something new. We are constantly developing, while the rest of the population is marking time
According to me, there are very few people who have not been helped by the debate. There are many countries against bitcin. Bitcoins have been stopped in many countries. The debate does not only benefit us but the country's tecnology is improving and busniss is also.
because bitcoin is not stable :3
Unlike other investment avenues, cryptocurrencies are not regulated by government entities or banks. “There is no authority like Sebi that you can approach for grievance redressal,” says Vikram Pandya, Director, Fintech, S.P. Jain School of Global Management. Sharma concurs, “If we buy something with a credit card and get ripped off, we can call the bank and ask to be compensated. But if we get ripped off in a bitcoin transaction, it is impossible to get the money back.” As Pethe has realised a ..
Many people doesn't know well yet about bitcoin that is why they were against the bitcoin. But in the future, due to many advertisement and other video clips, they will learn more in bitcoin resulting to be attractive on it and started to transact with it.
Bitcoin is the number one cryptocurrency. bitcoin is so popular in cryptocurrency market, its value rises every year that makes more people want to own it. Every new person joining the cryptocurrency world is most likely doing it from his fiat currencies which seriously impact on the bank and government.
Jump to: