Topic: Why are so many people against bitcoin? - page 80. (Read 19333 times)
Bitcoin is a good advance thing but it has also a bad side, because of this many people stand against it. Many people against bitcoin because many country government declared bitcoin is illegal. Bitcoin price is highly volatile so their is always a risk to the investor to loss their money and turned against it. Bitcoin is directly or indirectly support many criminal activities, so this could be another reason. Bitcoin is fully digitalise and its information stored in hard drive if those drive are crash or virus corrupt the data then their is no backup, so this is the another reason why people loss their trust on bitcoin and turn against it.
Because they didn't know what is cryptocurrency.They are afraid to invest their money.They lack the knowledge to understand.Also there is no acceptance officially by majority of the countries.
many people who break the bitcoin because they need it to share it and they want it as well because it's time to make it happen that they lose it and they get the money here because the bitcoin only has the highest price at all altcoins so they like it and more ways to use bitcoin so gustonh they like it rather than other altcoins but to convince no matter what happen bitcoin I will still choose.
I think people thinks its a scam. that's why they don't trust, some people don't have enough knowledge about it. most of the people don't trust on digital currencies. and another reason for against bitcoin is i think is the government and the banks because bitcoins price not stable. because of the negative comments on bitcoin that's why people lost their trust on bitcoin....
Because they don't know what is bitcoin.if they know about bitcoin then they don't go to against bitcoin.when they understand what is bitcoin then they love bitcoin.
Because people don't want to embrace new things or don't temd to search the truth they just lestening to social media or they don't want to embrace changes and because also some organization will make some propaganda againts it because it will affect their businesess.because Bitcoin is Peer to peer transaction that there is third party involve .but once people know how bitcoin work as a curreny for sure people will not go againts it.That's right! Most of the people is not really open to new things. They can be considered as conservative people when it comes to financial matters. Unfortunately education system is programming us in that way.
Everyone fears what they Don’t understand. It’s natural.
Especially if you perceive it as a threat to your status quo.
Most people aren’t willing to put in the effort of DYOR.
So they end up fearful and ignorant instead.
Especially if you perceive it as a threat to your status quo.
Most people aren’t willing to put in the effort of DYOR.
So they end up fearful and ignorant instead.
They might think it's a scam, they don't trust it yet. I just had a discussion with a friend last evening about it and he thinks it will collapse soon and everyone will loose their money because it's just a financial game planed by big wheals . 
There are two types of people are against to Bitcoin:
1) People who lost their money BTC or any other cryptocurrencies.
2) people who are not being educated enough.
otherwise, Bitcoin has very promising future.
1) People who lost their money BTC or any other cryptocurrencies.
2) people who are not being educated enough.
otherwise, Bitcoin has very promising future.
Because bitcoin could be a bubble. Its price is supported only by demand. If owners will trade it all together the price will drop dramatically. Also there is a danger that bitcoin will reach once the maximum and then will drop to never go back.
For me, the reason to this problem is that many people do not trust people that they don't see specially if there is a money involve. Even tho Bitcoin have a beneficial effects, people still consider some factors for to believe the beneficial that they can get if they try it. Making the bitcoin as a currency is still not yet wanted by so many people.
Because they don't know bitcoin, most of the time they think it's a huge ponzi scheme, and the prices are fake at the moment, so they're missing out on a huge opportunity.
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?
A lot of people are against bitcoin because of negative reviews of media that call bitcoin "a bubble".
The second reason is that most are not aware in full what cryptocurrency is.
The final reason is the intimidation of people by governments who say that bitcoin is bad and unsafe.
People who are against bitcoin, the reason behind is because they have least knowledge about it. They feel it like a gamble. It is always scaring to invest in new kind of business, particularly when it is virtual type of business. Moreover, it takes lot of time to understand these kind of new money making concepts. As it is said, "the little knowledge is a dangerous thing", people are scared to invest in bitcoin because of the lack of knowledge about this concept.
Well bitcoin is no doubt trending nowadays so thats why people mostly who couldnt invest in bitcoin in the past when it had value of pennys, they couldnt save the bitcoin and didnt value the bitcoin much so today they are not valued by bitcoin they cannot afford even a single bitcoin so they are against it and sometime people who are with banking field they dont like btc because of its higher features which can end the future of banking and the physical cash in the future
We all have different mind set in terms of earning money. If there are people who don't believe in bitcoin then, let them be. Don't force people to like something they are not interested to know.
i think the term "many" used is a bit exaggeration. I mean why would hate something that can make u profitable. besides learning bitcoin is not a bit difficult. Not only that its a long term investment that will surely make u rich someday
Because they dont have enough knowledge about bitcoin they of it as an online scam so they are against bitcoin.
Probably the reason why others are against it is that they're not aware of what it's for. Sure there's money involved, but others just don't understand how does it work, and the reason why it exist. Another factor maybe is that they see it scaling high, thus waiting for it to come down.
I think. that against - it is strongly told. Generally they not against, those who heard about it at least just concern it alerted because not up to the end understand a sense.
Probably the reason why others are against it is that they're not aware of what it's for. Sure there's money involved, but others just don't understand how does it work, and the reason why it exist. Another factor maybe is that they see it scaling high, thus waiting for it to come down.
People are against Bitcoin because they have seen the price fall before now and also the effect it had on some people. They are also scared because they are not sure who the proprietors of Bitcoin are.
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