Topic: Why are so many people against bitcoin? - page 60. (Read 19333 times)
Due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage. “Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities,” says Reshmi Khurana MD and Head of South Asia, Krollsays, a cyber security and risk consultation firm.
Because they still dont know what our culture here in bitcoin world.. And also because of other guys scamming by means of bitcoin so others are against this.
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.” this cases is maybe..
Many people have very bad experience with different financial pyramids.
The problem is apparent: If global bankers don’t understand the phenomenon, retail investors might not have much of a chance either. So what should you do? Follow the simple yet profound wisdom of Warren Buffett—if you don’t understand it, don’t invest in it.
The lack of clarity about its origin is another big issue related to bitcoin. In olden days, highly priced metals like gold, silver, etc. were used as currencies. Then came currencies printed by governments (or central banks) and these are called ‘fiat currencies’. Though its proponents claim that cryptocurrency is ‘mined’ using complex mathematical formulae, they are reluctant to call it a commodity. They also claim that it is not controlled by any government and so, it is ‘democratic’.
Investing in cryptocurrencies involves very high risk, as prices have been extremely volatile. Many experts are sceptical about bitcoin as an investment primarily because there is nothing for them to analyse. Vivek Belgavi, Partner and Fintech Leader, PwC says, “There isn’t enough of an ecosystem surrounding bitcoins to allow fundamental analysts to study it as an investment. People are therefore investing with imperfect information and joining the herd of speculators.”
Because of price drops like this 
People like their old usual ways of investing, not like Bitcoin where you see huge gains in short time frame.
People like their old usual ways of investing, not like Bitcoin where you see huge gains in short time frame.
Main principle of discipline and learn to wait is the great attitude that should everyone to learn.
Yes many of people against the bitcoin but they all are perfectly don't know about btc.As nowdays btc price increasing too much and many of people earn huge profits from the btc but the people who didn't invest into btc they became against the btc.
And bitcoin is new generation cryptocurrency.so all young people belive in it and also investin it but all old people can't trust on the btc and they told that btc is non trustable and other blah blah. that type of people against the btc.
And bitcoin is new generation cryptocurrency.so all young people belive in it and also investin it but all old people can't trust on the btc and they told that btc is non trustable and other blah blah. that type of people against the btc.
Because lots of people need to pile in with their money. So other people can take the profits. If they don't then there won't be profits.
People are against bitcoin because:
Bitcoin is volatile
There is no governing body for bitcoin
Bitcoin industry is the latest revolution and people would take some time to understand the concept
Bitcoin is volatile
There is no governing body for bitcoin
Bitcoin industry is the latest revolution and people would take some time to understand the concept
The same people don't understand why it's so important that there is no governing body for btc.
Some people do not like bitcoin because they do not know the positive feed back and what it helps to those who like ours.
It is in our nature that we resist change when we first encounter it. I think this is one aspect. Another is that they think Bitcoin lacks security in terms of its transactions. However, what we can do to help them is to educate them on how will Bitcoin benefit their lives.
People are against bitcoin because:
Bitcoin is volatile
There is no governing body for bitcoin
Bitcoin industry is the latest revolution and people would take some time to understand the concept
Bitcoin is volatile
There is no governing body for bitcoin
Bitcoin industry is the latest revolution and people would take some time to understand the concept
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?
Why they're against bitcoin? because they don't fully understand what bitcoin is all about and how it work. Im one of those people who doesnt believe bitcoin at first. But when my friend introduced it to me, im little bit confused at first but as time goes i truly believe it. Maybe those people is uninformed yet about bitcoin thats why their minds are not open for this topics
DO it piggy, get in the game.
Im one of those people who doesnt believe bitcoin at first. But when my friend introduced it to me, im little bit confused at first but as time goes i truly believe it. Maybe those people is uninformed yet about bitcoin thats why their minds are not open for this topics
Many people are against the btc.Lower the cost and buy it at a cheaper price why not. The criminal are used it in wrong way..... 
Because they don't know about bitcoin, they see some people who are jealous because they're getting richer because they're investing in bitcoins, so they're against it.
Jump to: