Topic: Why are so many people against bitcoin? - page 44. (Read 19343 times)
I think they just simply hate bitcoin because it's quite risky like gambling, noone is telling you gambling is good right ? So it's the same with Bitcoin, they're thinking you're gambling with it.
There are people against BTC because they try to create FUD and once the price drops, they go ahead and buy BTC for low price. So, going forward don't believe people who are against BTC.
There are many reasons :
- Investing in Bitcoin involves high risks but potential gains are very high from potential risks.
- Governments of some countries have declared Bitcoin as illegal because if it will get the status of legal, due to digital currency government will not be having any control over it.
-People don't understand the evolution of Bitocoin due to lack of knowledge.
- Bitcoin is not regulated by any bank or government entity so there is no grievance redressal.
- For India investors the status of Bitcoin is Illegal which has been declared by Reserve Bank of India in December 2013 through press release.
- Some people are misusing cryptocurrency for their advantage.
- Investing in Bitcoin involves high risks but potential gains are very high from potential risks.
- Governments of some countries have declared Bitcoin as illegal because if it will get the status of legal, due to digital currency government will not be having any control over it.
-People don't understand the evolution of Bitocoin due to lack of knowledge.
- Bitcoin is not regulated by any bank or government entity so there is no grievance redressal.
- For India investors the status of Bitcoin is Illegal which has been declared by Reserve Bank of India in December 2013 through press release.
- Some people are misusing cryptocurrency for their advantage.
Bitcoin is a new program that has not yet been covered by the people. Bitcoin remains concerned about them. Since it has not yet been universally acknowledged, it has not become socially confident about Bitcoin. So many are staying against it.
Some people are against it because they think that bitcoin is just a fraud and not being worth anything. It is not like a cash that has store value and regulated by the government and the country. Those are the people who don't understand how bitcoin works.
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 don't think if money really goes to the wrong hands as you only make the transactions you intend to make to who you want them to go to. People fearing BTC is mostly because of the negative talks it has had in the media d government cautions. these kind of negativity makes most people uncertain of whether they'd want to venture in BTC
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?
Lack of knowledge is the reason why many people are against bitcoin. Their knowledge is based on what they've heard. They think that bitcoin is a scam.
Maybe some of them are skeptical to the point not knowing even trying once in their lives.
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?
They are against bitcoins because they are afraid of the dangers that bitcoins bring to their lives. Many countries prohibit bitcoin because they are being used by terrorists and criminals. They use bitcoins to transfer money for illegal missions and they will never be found by the government.Or there are some people who hear bad rumors about bitcoin and fear bitcoin. They do not dare invest in them because they want their lives to be safe.
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. We don't blame them because each of them have different reason why they against bitcoin, beside bitcoin now is very helpful of us. Those people who did not understand bitcoin how does it works.
People against bitcoin because of the criminal activities uses bitcoin as a payment. But some people thinks that bitcoin is illegal because the government didn't accept bitcoin.
Usually older people (and of course Banks) are against bitcoin. They don't understand the value and freedoms it brings to society. I had some conversations where people argued against using Bitcoin but the fact of the matters is that they don't understand bitcoin and crypto currency. It's too complicated for them to go from fiat into crypto and back from crypto to fiat. I think is only a matter of time for bitcoin to get mass adoption and the fear goes away.
because they think they can not profit from Bitcoin. Yet if the state learns correctly, the state can also get profit from Bitcoin. they have no idea they do not know bitcoin they do not know their value.
There's many individuals against to the bitcoin, on the grounds that they have no clue in regards to with the advantages of this coin. Possibly for the time being they were against to this sepulcher cash, however when the days they know the great help of this coin I'm certain you will get a kick out of the chance to utilized it rather than paper cash. In addition this bitcoin IE simple to utilized than paper cash since you can without much of a stretch purchase things or merchandise through on the web.
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?
There are some people who against bitcoin because some of them did not know what is the real essence of it. For them bitcoin is useless. Also, there are some government are against bitcoin because they think that there's no contribution here in our economy. But for me, those people are just waste of time because as far that you did not do bad it is okay to earn money that use your own strength in good ways than do nothing.
Many people are on the contrary to bitcoin's success mainly because they think all of this was a mere internet scam made up by a lot of people to scam a lot of people. In addition, a lot of this bitcoin haters because I can't classify them as critics, doesn't even knoe what bitcoin was and just thinks that bitcoin is like ATM but worse.
All new unknown, not clear always frightened and will scare people who are not in the subject, with this nothing to be done, but if you do not develop technologically, soon you will not need anyone, and stay in the last century.
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?
They are against bitcoin because they haven't try it yet how bitcoin work so fast for the future of every bitcoinersI'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?
lacking knowledge in something tends to make people behave negatively towards it.
And people nowadays uses a lot of ways to scam other people, since it's not tangible it will be like convincing someone to invest in thin air. Bad intentions makes anything negative regardless if it's bitcoin or anything.
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?
because btc is decentrilized Jump to: