cryptocurrency Why some people don't like cryptocurrency?

[Interface User 1070]

9 minutes ago, duncun007 said:

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. 

I mean the manipulated in the industry is less fees because as I know we used crypto currency to lessen the fees we give to the banks when we transact to the other people in long distances.

 

I'm sorry for confusion I make sir, and yes I am just a new person here so thank you for the correction if I have wrong statement here.

[sohaib 273]

On 10/9/2019 at 12:49 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?

They must not interested to know the Power of Crypto. But, sooner or later they will admit. Just let this initial stage pass 😉

[SyntaxEr. 709]

22 hours ago, rjroshan said:

Thank for providing more and valuable details about hidden facts of Crypto world. 

You are welcome my friend. Actually you dont need to mention this because this forum is made for sharing important information and facts about crypto.

[andrehol 16294]

Very often, people have difficulty accepting something new. Pessimists do not rely on income in crypto and therefore are hostile to cryptocurrencies. Sometimes a negative experience is annoying. There are many reasons.

[Maxtron73 3269]

Well cryptocurrency is still relatively new as an asset, and so not 100% of the world population knows what it is. Slowly as time goes by more and more people will get knowledge and think about investing a part of their portfolio in this asset. 

[Ogundare oluwaseun 51]

Some of these people are ignorant of what crypto currency is and another problem is the acceptability of the crypto currency for exchange.another problem is does the government of the respective countries give full backing to crypto currencies or do they support it or not

[melikf78 987]

they dont have the knowledge about crypto abd they think crypto us illegal or maybe they are afraid of hackers or scammers... we have to teach them about crypto to make it more popular

[Soaib khan 1035]

they not know full information about crypto currencies and some websites privice reason and crypto currencies not a under government 

 

[Naylor89 1223]

These are uneducated guys. they do not understand anything about Bitcoin and we can't do anything with it, partly to blame on this is the mainstream media.

[Slavi 11287]

I think that these are people who are not familiar with cryptocurrencies and consider this a fraud, or those who once bought a crypto at a high price and lost their money

[Sahbana 212]

Maybe people who don't have cryptocurrency because they don't know exactly what cryptocurrency is, they think cryptocurrency is too difficult to understand. yes, many people don't like it.

[tariqul 566]

Cryptocurrency is a virtual currency.Many people don't know what it's worth and how to earn it.If they knew the value of bit coins and how to earn them then they would have loved it.

[kizz 3370]

Because they are not interested and think that it was not legit. And they know about it all. And mostly don't have the skills of writing and english and also because they have no time to know about it or do some mining cryptocurrencies

[Aereen 456]

I think one of the most reason or the major reason why a lot of people do not like cryptocurrencies is because of how it is intangible and of how decentralized it is. 

[Dinesh09798 283]

All people doesn't have same mind and some peoples have different thought. So all people doesn't like crypto currency. If they don't like crypto currency they stay far from crypto. This is good for them.

[Kimmy So 176]

first of, they do not have a knowledge of what is crypto currency so they are quick to judge of what it really is and don’t bother knowing about it. and also the fear because the money is involved.

[thiscomm 306]

they don't like crypto because the price is volatile and it's easy to hack your assets. they prefer to invest in gold which they feel is authentic and you can see while crypto is just a virtual thing that can disappear without you knowing.

[vivek jain 308]

On 10/9/2019 at 9:45 PM, Bills said:

The biggest reason why they don't believe, is because of fear, and another large percentage can be attributed to the immense degree of ignorance that still exists, if we start that WarrenBuffet that is a great Investor does not believe in this technology, which remains for the the rest? It is difficult, I think that the adoption of cryptocurrencies will be somewhat progressive.

federal reserve is biggest enemy of cryptocurrency. federal reserve  is an entity which is prints dollars in us.they don't let anyone  advertise and use cryptocurrency.if whole banking system uses cryptocurrency who will use dollars.

 

[Ms.o 3322]

There are people who doesnt believe in crypto currencies because they are scared of being scammed or any worst thing that they think can happen due to lack of knowledge about this.

[febriyana 934]

On 12/24/2019 at 7:08 PM, Jonayeed said:

I think The reason I haven't gotten into them is I don't trust them. The problem is that the basis of most cryptocurrencies is a scarcity of supply. Not based on anything with tangible value, like land or iron

I see also like that. Most people only believe on physical thing for investment.

Land, iron, gold, house is instrument of investment. Where we know from old times until now still profitable. So for people that is still their favorite investment. They think if we can touch it that is safe and if something wrong they can sell it more easy. Some people like that is old people where don't accept new thing in the world, especially technology for financial system like cryptocurrency.

[Haitam 36]

People don't like crypto because they think it is a loss of money and it is virtual and doesn't has a value these people are wrong.!!!

[ShakilA 373]

People don't like cryptocurrency for many reasons.They think crypto is scame.They don't believe in Cryptocurrency.But i like cryptocurrency very much

[Rakesh kumar 25]

I think most of the people don't know about cryptocurrency and the main reason is behind the common people fearing about cryptocurrency is because if government as lots of other countries government have started to banned crypto.

[Syed Rehan 231]

I think these peoples are the newbie in this market and face many loses in this market so, that they left the market and did not like the crypto currency market.

And some peoples that did not use the crypto market they are also saying crypto currency bad

[Saif588 84]

There are many reasons behind it. Crypto is illegal in most of the countries and many people don't believe this .  That's why some people don't like this