Why are so many people against bitcoin? - page 49.

Kodok Bencot

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Quote from: Marco Ambrusini on February 26, 2018, 04:15:16 AM

I think people against bitcoin is those who are in the business that affect by the transaction using bitcoin, or some maybe those who don't believe the idea of using bitcoin as their currency. Those people if they can see the advantage and the things that change their life from bitcoin will feel regret someday.

If someday bitcoin prices reach at least $ 1 million then they will be forced to use because the effect of bitcoin is too strong and nothing can stop, before that happens then we are lucky to have known and have bitcoin when the price is cheap.

kim_min888

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Easy. For most people, BTC IS a scam, in that it has no apparent advantage over fiat.

Let's look outside this whole Bitcoin bubble for a second. What purpose does BTC serve for 99% of the general population? It's very technical, accepted in few places, and a pain to buy. In my everyday life, I can buy almost anything I want with cash and a credit card. Why would I use this alternative currency just for the sake of using it? Some might argue that BTC is a hedge against inflation, but guess what else is a hedge against inflation? Every other type of investment option out there, and each with much much less risk than BTC.

So yeah, why would the general public bother to even understand BTC?

zabjerr

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I do not really know why some countries are against bitcoin, that if you think that this is a great help to our poor, maybe no poor people in their country so they do not rely on bitcoin.

Odlanyer

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Not literary all of the people are against in bitcoin but the government that operates of their country are dont like bitcoin that why they banned bitcoin, because bitcoin dont have taxes. People are against in bitcoin because they do not believe that you can earn money through bitcoin that will change their life.

Marco Ambrusini

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I think people against bitcoin is those who are in the business that affect by the transaction using bitcoin, or some maybe those who don't believe the idea of using bitcoin as their currency. Those people if they can see the advantage and the things that change their life from bitcoin will feel regret someday.

Hxyro

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well it's a currency in the net world, so they think of it as a money in the air, one more thing is that bitcoin is very useful to criminals due to its secured anonymous transaction

nagobinga

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That is, whether bitcoin is not permitted by other countries or how or they are afraid to get money with the wrong hands because bitcoin while working with a successful project will generate a lot of money.

CrystalPham

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Bitcoin fever in the world is causing a lot of people worry, even fear.Value is constantly changing, causing too much fraud, not high liquidity ... One of the reasons people are afraid of BTC
BTCBTCBTC

pombur

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The current bitcoin market is extremely volatile. If Bitcoin is being discussed in the news, its price can vary from hundreds of dollars for a few hours. Fear, uncertainty, and doubt all too often pop up in the miners community. If they have at least a hint that bitcoin may become illegal, that they will be able to hack, infect with a virus or something damaging the system, the price will drop dramatically, because people in panic will want to sell them as much as possible

newbie-hero

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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?

Whose guys who are opposing cryptocurrencies just don’t know clearly what is cryptocurrency at all. They are just illiterate. Don’t pay attention on them. Crypto will conquer the world step by step.

paynercash

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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?

People oppose Bitcoin for a variety of reasons, but I think Bitcoin is not only an excellent place to invest but has a lot of future. In my country, there are many Bitcoin supporters but the government bans and does not give Everyone is active in Bitcoin because the government does not want the losses that Bitcoin brings

josephine85

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So many people are against bitcoin because of its nature. Bitcoin is volatile and too risky but if you are a risk taker, Bitcoin is for you. Some people are against it because they do not really understand Bitcoin and how to earn it and how it works.

Geljames28

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Many people is against in bitcoin because they dont know about it or they don't have knowledge about bitcoin and they don't understand what it is and they don't know how it works. And maybe they believe in fake news about bitcoin. That's why they're not interested to know about it. The other reason why people against bitcoin, is because some countries didn't accept bitcoin.

popolite11

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Quote from: Hopeful2017 on February 20, 2018, 10:06:26 PM

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?

People are against bitcoin because they are afraid to invest and they think that their money would just disappears. Likewise, people think that bitcoin is illegal an not accepted currency. These people are actually those misguided and mislead on the idea and information about Bitcoin. They are against also because Bitcoin might overtake the fiat money in which they don't have the proper knowledge about crypto and bitcoin.

Mostly those who do not know all the benefits that Bitcoin brings are against it. Governments and banks hate it as they do not like the competition of BTC and fiat money. Those ones who hate to risk also dislike crypto.

miang

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People usually try to avoid something that they can't understand and consider as a danger. Some people claim that Bitcoin is a fraud or a financial pyramid. There will be always a group of people who will listen to someone like this. Even if Bitcoin was a financial pyramid, it would a good financial pyramid. Thousand of people around the world believe in Bitcoin.

Meimille

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cause bitcoin highrisk and illegal in their countries. They fear it is a scam and lose a lot of money/

Important point is They cannot believe about "Success with Bitcoin"

fuer44

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some people think bitcoin is a disadvantageous investment because the price can fall in just a short time. they simply don't believe in bitcoin fluctuations, that bitcoin price can also rise also in short time. they are also afraid of legality.

julielyn

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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 against bitcoin because they are scared of being scam because they do not know how to play bitcoin so many of them do not know if they know how to play it they can understand just what bitcoin

cerberus5424

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Because many people do not believe in what might happen that is unusual. Many people think that this is a regular soap bubble.

First77

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Quote from: Joyceshiroor on February 23, 2018, 01:18:35 AM

People are against bitcoin because some are not liking it because of its fluctuating values while some are considering it as gambling. Also government making it illegal also making people loose their interest in it.

Some $30,000,000,000,000 is invested in Gold

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