cryptocurrency Why some people don't like cryptocurrency?

[Bills 583]

13 hours ago, Black25 said:

Why does everyone think blockcahin and bitcoin are one and the same thing? Blockchain is just a technology while bitcoin is a cryptocurrency that is just using that technology. Just because they implemented blockchain this doesn't mean they are necessarily going to work with bitcoin 

When people hear the word Blockchain, the word bitcoin automatically comes to mind, obviously those we know know, but others don't.

[Bills 583]

13 hours ago, Black25 said:

Why does everyone think blockcahin and bitcoin are one and the same thing? Blockchain is just a technology while bitcoin is a cryptocurrency that is just using that technology. Just because they implemented blockchain this doesn't mean they are necessarily going to work with bitcoin 

When people hear the word Blockchain, the word bitcoin automatically comes to mind, obviously those we know know, but others don't.

[Ajlovez7 594]

The most important reason behind it is the Government warnings, the thing is like that, people believe in Government a lot & have full faith & trust in banks & govt. But they  don't really think about new technology which will soon change the payment system of the world and Everything will be decentralized by use of cryptocurreny.

[Lucifer 134]

Maybe a lot of people don't see the great potential and the ideology by which bitcoin and blockchain was created, in their white paper they talk about a decentralized economy with transactions from person to person, where people really have their money without needing a third party.

[lucky80 1046]

15 hours ago, Anony-mous said:

and maybe they didn't profit or had any harm

It could be, especially, people who are exposed to fraud such as cloud mining and HYIP.

14 hours ago, Black25 said:

Why does everyone think blockcahin and bitcoin are one and the same thing? Blockchain is just a technology while bitcoin is a cryptocurrency that is just using that technology. Just because they implemented blockchain this doesn't mean they are necessarily going to work with bitcoin 

Awesome. Please fix your typo to make your statement a perfect one.

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I also want to add. You can explain to people who ultimately don't understand and might hate bitcoin. Tell them that bitcoin is an online payment system technology without borders, and they don't need to invest. Buy or use only when they want to send money to friends and relatives. Or when they want to buy services and goods. By directly using bitcoin at the current price, they do not need to risk losing value. 

It's that simple. People who sit in government should be smarter and think that way. And there is no need for an excuse about price volatility.

Edited November 5, 2019 by lucky80

[Great Commander 659]

Tue best reason is that they don't usually analyze each crypto coin and demanding on high profit without realizing they are just being scammed by others. One can avoid those mistakes by reading articles on google about cryptos and finally stop bursting about unethical mindset. 

[cnguchi 70]

Many people do not like cryptocurrency simply because it fluctuates so strongly and there is almost no legal regulation from the state management agencies to protect investors, vulnerable to hacker attacks if not good security.

[kronos 7]

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?

I think they dont like crypto because in order to have one you need to invest or do a job which make it looks like it wasn't real because there's  a lot of scam nowadays.

[niroblm 141]

I think one of the reason is they were scammed that why they can't believe in crypto. cypto is only for experienced people i hope

[MyThoughts 514]

On 07.11.2019 at 03:59, ethannbenny said:

People don't engage their selves in crypto activities because the crime rate in which scammers use crypto currencies is very high so they rather prefer not to be part of crypto currencies 

They should understand that there are many scammers not only in the cryptocurrency world, they are many everywhere, in any field of activity.

[josephrioveros123 698]

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?

They don't want it because they can't touch it. That is one of the biggest reason why some don't want crypto currency or worse they don't even like to put their money in the bank. The only thing they accept is the money that is physically there and they can count. Other is that it is very vulnerable from scammers. Many have been scammed and because of that many are scared to invest. Or even to try using any of the services that are available on the crypto industry. 

[MyThoughts 514]

4 minutes ago, Rafik said:

because they are fond of quick profit. they think they can easily earn profit from here and invest on it with their cheap knowledge then face loss. so they don't like it

You are probably right.
Many people want to get rich quickly and instantly.
They must realize that in order to get rich you need to work hard, even if not physically.

[MyThoughts 514]

5 minutes ago, ethannbenny said:

Yeah I agree with you that they are many scammers every where but I have come to an understanding that nowadays scammers basically attacking crypto users 

I understand what you are talking about.
This is because in this way they are much more difficult to catch than in real life.
Cybercrime was before the advent of cryptocurrency around the world.

[yifnt 666]

They do not really understand crypto technology, and the most fatal is because of the many news circulating in the community is fraud. Many big scams that occur through cryptocurrency

[th3nolo 131]

You have to understand that many people still do not adopt the digital era, that's why I think mass adoption will not come soon. 

Besides that kind of people probably is based on news media which is dedicated to speaking ill of Bitcoin to protect their interests, the banking system 

[dmnqe07 365]

I think is because their lack of knowlegde, they dont want to try because they are scared of it.

They think bitcoin is just some numbers bet little do they know you can earn from it buy trading or selling.

The key term is they dislike crypto because they dont know it yet.

[yifnt 666]

4 minutes ago, ethannbenny said:

Yeah cyber crime was before the advent of crypto currencies but crypto currencies makes the rate of criminal activities even higher than before because it's hidden transaction and has no trace 

I agree with you many scams comes through the aid of crypto currencies but cyber crime was in existent but crypto currencies increase the high rate of criminal activities 

Because there are several projects created to maintain the security of transaction data that make the transaction anonymous and cannot be traced, it poses a negative side to committing crimes

[BullRunBit 2773]

On 10/9/2019 at 12:49 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?

People are scared to invest their money into cryptocurrency, because all story about "bubble" and how price will go up and go down till zero. 😁

And they dont have real reason at all only that is BTC "bubble" and that is it they dont know what is Blockchain at all.

But after all if BTC become global and cryptocurrency we will see that same people will talk different story for sure.

[yifnt 666]

2 minutes ago, ethannbenny said:

Yes I agree with you they maintain the security of transaction, it's also anonymous so it can't be trace but some bad guy out there use it for illegal activities which aid crime

And why most people do not believe in cryptocurrency, they think crypto created to support and facilitate crime 🙄

[Anthomy K 446]

Cryptocurrency is very dangerous in terms of earnings due to its instability. Many are afraid to take such risks, so they shy away from cryptocurrencies.

[chicck 22]

The electronic currency dislikes by Individuаls with a little understanding. They think that they have invested by investing in electronic money. But they have lost their understanding and then said that electronic money will not work

[Akash0011 136]

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?

some people don't like cryptocurrency cause they fear to invest on crypto.. they fear because it's digital coin no body seen it or touch it,, and crypto price ups and downs everyday that's why everybody fear to invest on cryptocurrency mate.. i think so much people don't like cryptocurrency mate..

[xprince1996 865]

Some people don't like the idea of cryptocurrency because some of them are victims of the scam scheme of crypto investments. For that reason, they decided to stay away from it.

[AL SHAIMON 1293]

Yeah, many people don't like cryptocurrency they this is an illegal currency. But they don't know how to use it and how it makes. This is the future of currency system. They do not have proper knowledge about cryptocurrency I think that's why they don't like bitcoin and other cryptocurrency.

[Naylor89 1223]

Simply because those people are lack of knowledge and they are coward to invest into bitcoin and crypto. also they felt they've been scam by it, but the truth is not. That's the way they are thinking about it.