Why are so many people against bitcoin? - page 40.

Indai24

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Quote from: anahawjeff21 on March 08, 2018, 12:44:41 PM

Maybe because they dont understand, and they afraid about the security, they trust the things they hold personaly like cash, and ofcourse the media, they always state the negative sides of bitcoin, even there are lots of advantages of having a bitcoin.

Mostly people I know love bitcoin because they understand very well how bitcoin help our economy. So far I haven't met of someone yet who hate bitcoin. Only those on the opposite side who hate it because they will always say something against bitcoin inorder for them to become the next famous cryptocurrency.

anahawjeff21

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Maybe because they dont understand, and they afraid about the security, they trust the things they hold personaly like cash, and ofcourse the media, they always state the negative sides of bitcoin, even there are lots of advantages of having a bitcoin.

_Legendary_

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They are against bitcoin because they do not understand bitcoin, all they know is bitcoin banned in many countries and have no future so they do not care about bitcoin, if they want to know bitcoin then they will change their thinking.

DoublerHunter

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Quote from: dhka on March 07, 2018, 06:57:50 AM

Quote from: Janademir4 on March 06, 2018, 09:46:46 PM

the more people who fight bitcoin have many possibilities for one is that they are afraid that the investment they have made with fiat currency will fall out of favor with virtual currencies such as bitcoins that are currently on the cloud for investment purposes

Yeah, bitcoin is now mostly used as investment purposes. But what government worry is cryptocurrencies arent backed by anything, not by gold not by diamond etc. It is purely influenced by sentiment.
But I am pretty sure bitcoin will strive in the next few years at least

There is nothing to worry about because even the fiat money is not backed by anything so what is the difference in trusting bitcoin which is the more advanced type of currency compare to the fiat money which is old and very low in value since every year its value is slowly going down but the people didn't see it. With bitcoin they can just ignore that thing and enjoy the deflation in bitcoin and watch their money grows.

dhka

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Quote from: Janademir4 on March 06, 2018, 09:46:46 PM

the more people who fight bitcoin have many possibilities for one is that they are afraid that the investment they have made with fiat currency will fall out of favor with virtual currencies such as bitcoins that are currently on the cloud for investment purposes

Yeah, bitcoin is now mostly used as investment purposes. But what government worry is cryptocurrencies arent backed by anything, not by gold not by diamond etc. It is purely influenced by sentiment.
But I am pretty sure bitcoin will strive in the next few years at least

Roboabhishek

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I think those people are not aware about cryptocurrency.They don't even know what bitcoin is they just thought it is illigal or useless .

Laokong

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Quote from: jonathan6655321 on October 15, 2017, 05:26:20 AM

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 don't believe bitcoin because they don't know what bitcoin is. Many people don't understand bitcoin and its currency. But if they once understand bitcoin and appreciated it surely they will recommend bitcoin to others.

vanslyien

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Simply because they don't understand it. Once you start using Bitcoin you will appreciate it and even recommend it to others. Do not hate what you do not understand - John Lennon. How someone is against something they don't even try?

oracleyao

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Because of BTC invisible, scratching, in today's world, people still used to the Banks to issue currency, it is a question of ideas, but no regulation in BTC is to center, let a person produce fear, so the opposition.

Janademir4

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the more people who fight bitcoin have many possibilities for one is that they are afraid that the investment they have made with fiat currency will fall out of favor with virtual currencies such as bitcoins that are currently on the cloud for investment purposes

Ralphson

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Basically,there are two reasons why people spread negative thoughts about BTC.either the person is ignorant about digital currencies or the person appears to be a whale in the market and decides to spread fud to cause price to fall so he can buy low.

Austin1950

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The literacy of using the internet also makes people play away from it because of the potential mistakes on how to make it work or wrongly selecting the right button esp. when it comes to investments.most importantly bitcoin might be a quick way to make good money if you invest it which some people become jealous of the success that come out of it. they hate us because they aint us.Most people don't trust those innovations that don't have an permit or registration from any government regulatory bodies.

Boybugwal760820

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We cannot deny that many people are still afraid of bitcoin because they don't really understand the true nature of bitcoin or simply they were just misinformed by the black propaganda being done against them, bitcoin exist in the internet where there are lots of frauds and scams, so people will be against bitcoin especially when someone will convince in investing to bitcoin because for them it is also just like all the other investment scams.

fotosonics

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The reason why many people are against bitcoin is because they are not believing that bitcoin has a bright future. They don't know how much powerful is bitcoin today. They don't have sufficient knowledge about bitcoins.

bitcoinbot

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Quote from: chrsjrcj on March 06, 2018, 04:00:55 PM

i think that one of the fact here is they always think that the money will go to the not deserving people because they have no idea where will be the money go through and the other thing for me is lack of security of the money to invest thats why many people are against with bitcoin.

So they do not believe in bitcoins because they think that bitcoin is a bit of a fool. and you can not save it here because it's a scam. so they countered the spread of bitcoin. The Motley Fool is one of the best websites for beginners to learn the basics of investing. I’ve recommended that site many times to many people and will continue to do so. However, that doesn’t mean I agree with everything they say over there.

chrsjrcj

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i think that one of the fact here is they always think that the money will go to the not deserving people because they have no idea where will be the money go through and the other thing for me is lack of security of the money to invest thats why many people are against with bitcoin.

kolsernik

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In my opinion, bitcoin is good, for the future for everyone because for me bitcoin is very easy, to get pretty good results, because bitcoin prices next year tend to be higher than before, so we will get more profit, in the long run.

brkttlv

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Bitcoin has potential to be the new currency of the people. It is free of the control of the goverments and big banks. So, these big dads are trying to end bitcoin before bitcoin ends them. That’s why they both want to limit this potential and with a lot of impression management some of the people are against the bitcoin.

valterventura

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People are mainly against it thinking of it being a bubble. And few people these days are mainly scared by the recent drop in the price of bitcoin which is inturn making them root against bitcoin.

IlbiStarz

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Well, i need to say a lot of cryptoinvestors are against BTC too, cuz it became Really problem and uncomfortable. If we have all world using crypto, it will be impossible, cuz already now we have huge fees, slow transactions and other problems. It can`t be the currency instead of fiat. For example, LTC, XLM are much better right now

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