cryptocurrency Why some people don't like cryptocurrency?

[Benjamin 84]

Some people didn't like the cryptocurrency its because they are seeing is the negative doing only, many people are using crypto in illegal activities like giving sustain for the terrorist, using payments in black markets etc.

[Muhammad atif iqbal 569]

The biggest reason for this is that he is afraid that his money may not be lost their capital Apart from this, there are many scam projects and hackers because of which those people are afraid Cryptocurrency  is also not legal in some countries 

[Dinesh09798 283]

I think who doesn't like crypto, they don't know anything about crypto currency and blockchain system. If they will study about crypto and blockchain market all peoples are going to be fan of crypto and blockchain system.

[Fatihgani12 348]

I think there are groups of people who do not like crypto for money laundering reasons, even though those above fear corruption if they switch in the crypto world it will be transparent to see their transactions using and then fear of losing their taxes from tax.

[Tine0313 3053]

Well maybe some people don't like cryptocurrency because they may heard wrong information about crypto. For example, if someone is trying to expalin what crypto is and then after a while they loss interest because they only know crypto is suing for illegal doing. My next assumption is because most of people are not into this kind of technology development, may be they are old to use technology and they are illiterate about modern technology.

[Benjamin 84]

1 hour ago, Tine0313 said:

Well maybe some people don't like cryptocurrency because they may heard wrong information about crypto. For example, if someone is trying to expalin what crypto is and then after a while they loss interest because they only know crypto is suing for illegal doing. My next assumption is because most of people are not into this kind of technology development, may be they are old to use technology and they are illiterate about modern technology.

Very well said, all people are knowing that this crypto is just used for illegal activities like using a payments on black markets, lets try to convince them that this is not totally a negative for society, it has a big impact to us by helping in terms of money.

[Aereen 456]

I think most people who do not like cryptocurrencies are those who do not understand much about it, also those people who would rather not progress with the technology and stay traditional. 

[Yanadia 1517]

 In my opinion it's a normal pros and cons about something. Some like it or not.  Regardless of the reason they reject cryptocurrency crypro world will acceptable in the future

[Saifchy 94]

there are many people who like it and love it. But there are many who don't like it.They usually don't know how to convert it. They think that it is very difficult matter to earn it.

[Ankit Nepal 719]

Some people donot like cryptocurrencies because when they trade or invest they get loss as a result natural reaction, they don't wanna engage in crypto any more. So they don't like crypto world.

[jmigdlc99 360]

Some people dont like bitcoin and crypto because they are close minded and afraid. They are afraid of risking things for the better and they are afraid of change, and sadly some people are really just like that. We can try and convince them but in the end they will have to decide on their own.

[Igor1111 68]

Despite its popularity and the steady rise in price, digital currency still has some risks.  Friedman says leading investors such as Ray Dalio, founder of investment firm Bridgewater Associates, call Bitcoin a "speculative bubble" and Jamie Dimon, CEO of JPMorgan Banking Holding, criticized the cryptocurrency for not being provided by the government.  Before investing in cryptocurrency, Friedman advises to weigh some risks, such as fluctuations in its value and regulatory policies from governments across countries.

 "The fluctuation in the price of cryptocurrency does not stop," Friedman said.  - It's a whole new frontier.  Therefore, retail investors should be prepared for the inevitable fluctuations in its price, including significant market downturns.  Although the cryptocurrency's popularity is gaining momentum lately, it is still a relatively small part of the global financial ecosystem.  Regulators and policymakers continue to monitor cryptocurrency to determine its potential impact on financial stability and risk for the global system. ”

 If the cryptocurrency occupies a significant niche in the financial calculations in the future, we will gain full control over our own finances, and we will be able to arbitrarily choose the recipient of the transfer, while paying a minimal fee.

[Aereen 456]

On 10/11/2019 at 3:22 PM, Saqib Ali Sadiq said:

some peoples dont like crypto currency because this is risky and they dont want to take risk, and some peoples have no knolwedge about crypto currencies so thats why they dont like.

This is so true, also people who are traditional in a sense that they would not engage into the cryptoworld and into cryptocurrencies because they think it is not true. 

[Kventin 245]

People are afraid of everything new. Some people do not understand blockchain technology. It is very sad. We need to tell people about the benefits of cryptocurrency.

[kmithun3 1]

In fact, it is unknown what the crypto currency might look like in the future. Moreover, some people have fears and anxieties about crypto currency. And so some people still don't like crypto currency.

[vynz 540]

On 10/9/2019 at 3:49 PM, MyThoughts said:

Why some people don't like cryptocurrency?
What are their arguments and assumptions based on?
Do you think there are many such people?

Some people don't like cryptocurrency because they didn't know the benefits when they enter the crypto world, I think some people don't know about the system that's why they hate cryptocurrency. Their arguments and assumptions are on the legality of cryptocurrency in their country. Yes, I think many such people are not in cryptocurrency.

[SuperCrypto 7193]

On 10/9/2019 at 9:49 AM, MyThoughts said:

Why some people don't like cryptocurrency?
What are their arguments and assumptions based on?
Do you think there are many such people?

Perhaps because of the mysterious future of the cryptocurrency, as well as the fear of strict measures that the government could take when the world accepted the idea of crypto currencies. Governments consider it Messy system.

[Frozen Kingdom 211]

On 10/9/2019 at 1:49 PM, MyThoughts said:

Why some people don't like cryptocurrency?
What are their arguments and assumptions based on?
Do you think there are many such people?

It's their own choice why they don't like cryptocurrency. But I think they don't like cryptocurrency because cryptocurrency has no guarantee and it has a low security and easy to hack. But it will be difficult to find out the actual reason.

[Luciferludz 1442]

Many of people has their own sources of income wich makes them huge amount of money so they dont see the advantay of cryptocurrencies and concentrated with their business

[alexisfuentes 2130]

On 10/9/2019 at 3:49 AM, MyThoughts said:

Why some people don't like cryptocurrency?
What are their arguments and assumptions based on?
Do you think there are many such people?

Information.

The lack of information makes us ignorant and that happen to anyone, in any area of life. It's not scary , it's not that they don't know what a wallets, etc.

They don't really know how this works.

 

[SyntaxEr. 709]

25 minutes ago, rjroshan said:

Lots of business using crypto coins to promote their products. This is now going as a pattern. So people sadly get boring about this manner

You have a point but the main reason why some people dont like cryptocurrencies because it can be use in bad ways like money laundering, ransom and so on. In other words crypto can be used in bad things too.

[RocketMan 0]

I think that the main problem with the skepticism of most people about cryptocurrencies is that most people think that cryptocurrencies are a big financial bubble that will burst sooner or later. They think so because, despite all the advantages of blockchain technology, there are very few examples of real applications for crypto projects.
There are literally just a few successful projects that real users really use.

 

For example, the Netbox blockchain-browser from the Netbox Global project. this is really a worthy example of the implementation and real application of blockchain technology. there would be more such projects and people would have a different attitude towards blockchain and cryptocurrencies.

 

[vivek jain 308]

Fiat currencies have value because governments say that they do.Fiat currencies are backed by the full faith and credit of the government that issued them and nothing more.where as owners of bitcoin the mother currency of cryptocurrency world is anonymous.it lack trust because of that.

[Interface User 1070]

In my perspective some authorities don't want Crypto Currency to exist because it can lessen their money that can be manipulated. While in the perspective of normal people, they have a lack of knowledge in using this crypto coins and lead to their hypothesis that crypto is not good for them. So I think that's one of the main causes.

[duncun007 3577]

6 minutes ago, Interface User said:

In my perspective some authorities don't want Crypto Currency to exist because it can lessen their money that can be manipulated. While in the perspective of normal people, they have a lack of knowledge in using this crypto coins and lead to their hypothesis that crypto is not good for them. So I think that's one of the main causes.

well i dont know when you joined crypto but this industry is the most manipulated indeed, i think companies nowadays are making coins just to pump and dump on the market.