Topic: Why are so many people against bitcoin? - page 5. (Read 19333 times)
Because of lock of knowledge when it comes to crypto currency thats why some of people against in bitcoin. Other reason also is some people used it to scam other people by the use of platform investing like hyip scheme and ponzi schem because of that lot people even investors became victims of that scam thats why they become against to it and they inform other people that never try to invest in crypto currency because of its negative effect and dis advantages.
Well I could definitely tell you that banks are against bitcoin since bitcoin is overcoming the bank's potential. Bitcoin has now been more accessible and easier. The only thing holding bitcoin back is the ability to transact faster and not to mention the transaction fees.
You're right, banks are one of those who are against bitcoin because bitcoin has a high potential to be competitor of fiat money. Also, government officials are against Bitcoin too because they are threatened that the economic gets low.
Some people against bitcoin, because they don't know about this.they saw in TV that some country don't accept it.Bitcoin is a digital currency.if they really know about it they never against.they don't know that the another money is bitcoin.
Maybe they are not really against literally but what they saw from medias or read from the news, socials that some people are experiece bitcoin scammed they generally thought bitcoin is really a scam so they are scared that they might get scammed too if they invested in it but happily some really do not care or believe it and still support bitcoin.
Because they are not well informed. Some thinks its too good to be true to earn from bitcoin without investing a lot of money. Some think it's a ir an illegal thing. Mainly, they kust don't know enough that's why thoughts like these entrr their minds.
Maybe they do not know the word crypto currency so many do not like it. There is so much reason to avoid bitcoin. they have no idea they do not know bitcoin they do not know their value. they do not believe in bitcoin
They are afraid to take risk thats the reality but for me to become achiever of something you need to take risk for you to grow and that's how life to be engange in bitcoin.
A lot of people doesn't have the knowledge about Bitcoin and Blockchain technology, that lack of knowledge scares them, and fear is always translated into hate and intollerance against that unknown thing
This is based on my opinion, many people now are against in bitcoin because there some people on different countries that is using bitcoin for bad purposes, like some people using bitcoin to scam a people that doesnt have a wide knowledge about bitcoin.
I think if we are a citizen we should support BTC. Against the BTC is only one of the underdeveloped countries, they are not qualified to manage the MOF. So they claim that BTC is a risky coin. They always try to fight them.
I think those who fight bitcoin are Governments. Some countries started banning bitcoin. Because an uncontrollable technology and there are troubles with money laundering and tax related.
i think some government seems like doesn't want to allowed bitcoin on their countries because security issue
they cannot trace fully the bitcoin holders and users, so they ban it.
They are likely not against bitcoin, they are just afraid of it because it is non-stable, today tomorrow BTC may not be , the currency of bitcoin floats, and a lot of people lose money because of the BTC exchange rate .
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 they can't understand it, or control it
I think those who fight bitcoin are Governments. Some countries started banning bitcoin. Because an uncontrollable technology and there are troubles with money laundering and tax related.
Because they don't know the value of bitcoin, Yes, There's still a lot of people who are against or do not believe in bitcoin and what I think of is - it is because of the risk of security. Based on my experience, other people think that bitcoin is a scam and a waste of time. At first that is also my thinking because i was too scared to learn about other things in internet and i thought it could possibly hack my computer and get my personal information so i didn't continue in using bitcoin that time. Bitcoin has now been more accessible and easier.
I think the reason why many people are still against in bitcoin is because they don't look for the benefits that they may get in bitcoin.
All they only know is bitcoin is very volatile and unpredictable so there's no assurance for the profit you are longing for.
All they only know is bitcoin is very volatile and unpredictable so there's no assurance for the profit you are longing for.
Those people just don't understand what it is and hating just to hate. Everything they need is only one disatvantage to play around , better to forgot about them.
In my opinion, people against bitcoin because they think that it's just a scam only. Or maybe they don't have enough knowledge about crypto, so I think this can be the reason why other people against bitcoin. I think they need some information of other people who have more knowledge, so that to explain them well about bitcoin for they would believe.
This is because they do not know about bitcoin, the biggest problem is nowadays more and more media are paid to provide negative information, even I've seen discussion on facebook and twitter that who can make negative news about bitcoin then he got the prize.
Based on my experience, other people think that bitcoin is a scam and a waste of time. At first that is also my thinking because i was too scared to learn about other things in internet and i thought it could possibly hack my computer and get my personal information so i didn't continue in using bitcoin that time. But after some time, my friends convince me and i observed that they are really earning a lot in bitcoin i start believing in it and studied bitcoin. So the point is, its up to the person whether he wants to learn bitcoin or not. They just need to find their own reason to start believing in bitcoin.
Most of them think that bitcoin is the same as the existing payment system that is paypal, i often hear news and discussion in the forum that people rate bitcoin the same as paypal and do not make them interested even though i never explained. many of those "many people" you see are not against bitcoin. they are actually heavily invested in it but they pretend otherwise. someone who is spreading FUD in 99% of the times wants the price to drop so he can either short bitcoin or because he has some buy orders placed ahead of time at certain low prices.
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
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
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