Critics of Bitcoin just want attention they know it works

So many folks have built up big followings making wild claims that Bitcoin is a scam, with crazy price predictions and loads of fear-mongering. None of this has ever been legit, but that doesn't stop them they just grab their new fans and keep rolling. Take Peter Schiff for example. He's been riding this wave for years, becoming quite the personality in certain circles, raking in cash from all the attention he's snagged. Sure, he's constantly mocked for all his past Bitcoin predictions that have flopped, but that just keeps driving traffic to his social media, which means more cash in his pocket. What do you think he would be doing if the pro-Bitcoin crowd just ignored him? Probably fading away, right? That said, I still notice that pro-Bitcoin sites keep sharing what these Bitcoin critics say all the time (even here). Shouldn't we just cut that out?

People who criticize Bitcoin do so out of ignorance. I don’t see any value in criticizing Bitcoin that exceeds the value of buying Bitcoin and hodling it. If they had an understanding of Bitcoin and had bought enough, I'm very sure they would have accumulated a good amount and yielded good value. However, the lack of understanding makes them feel that criticizing Bitcoin is the best, but this is just total ignorance. The reality of this situation is not fame but ignorance; criticizing Bitcoin won’t affect it, but Bitcoin will continue to have value.

These are catchy headlines for readers, as broadcasters, YouTube channels, and news websites find these statements to be newsworthy and controversial, they look for such analyses rather than reliable ones.

I remember reading the same stuff in 2010 and it was nonsense then and is now.  At least then they didn't have 16+ years of people explaining and demonstrating why they are wrong so there could at least be some excuse to be so ill-informed.  Today, not so much.

We call things like this click bait. Even though it's not the same thing in a sense but still we know that these people mostly lie about Bitcoin and disguise it as giving their own takes and prediction, the aim is to give a bad rep to Bitcoin and by doing so they can gain popularity. Most of this people know that most of the information they dish out about Bitcoin is born out of ignorance an a deep hatred for it's growth so they add their voice.

What the fuck do I have to worry myself about public critics of Bitcoin in disguise, the most painful part is that there are those who will fall for it, Bitcoin doesn't require public opinion but what you think Bitcoin is all about, on this note making personal research can be very helpful and important in decision making as not to become mislead, anyone criticizing Bitcoin stands to gain nothing because Bitcoin will always prove them wrong, we have heard a lot of it and Bitcoin kept shaming them, there can be truth about some public critics of Bitcoin doing it for fame and attention because people are cashing out these days on social medias getting reactions such as likes and views and comments.

Clickbait is a very shady, low class tactic, and maybe you're right to draw a parallel between those. However, that makes me even more frustrated why pro-Bitcoin platforms and individuals repost this "clickbait" ? Just today I've seen a few tweets and articles about Peter Schiff once again saying Bitcoin will crash to zero. And those were mostly pro-Bitcoin resources and accounts. Why? Everyone who has been in crypto for a while knows he is a clown and he has said stuff like this dozens times in the past. But those resources keep giving him, and other such players attention, audience, engagement which they later succesfully monetise.

Someone like Petter will always have a place in the media since he is also an economic expert and there are people looking up to him not just for his hate speech about Bitcoin; even if he doesn't have much of an audience, I believe he will still have tons of followers. Sometimes posts are created about their hate statements for educational purposes, not just to give them that attention, but I also think doing that all the time and trying to prove I'm wrong gives them more chance to be doing what they are doing, trying so hard to remain relevant by selling lies as long as there are people willing to listen, both pros and haters.

It’s okay for me to still see these critics if anything just for laughs. But it shouldn’t be taken seriously anymore. We know a lot of what critics say online are just ragebaits. They profit off from engagement and clicks. But even if we ignore it, some people will always be the first to defend bitcoin.

They are only after making money. More audience equals more money and the more they spread lies the more they gain an audience, both the positive and the negative ones. Some audience members are there due to the fact that they don't like what such a person is posting because it's misleading and full of lies. They try to make the right comment but spark even more discussion within a misleading post and cause more problems by giving it more audience and engagement. If you ever see such a post, block , report and move on, don't get sucked into their baits.

Those negative critics for bitcoin do not do it because they are blinded with what is the truth, but they are doing it because they know the bitcoin community will bite it. They've seen how people defend bitcoin based from their personal experience and concrete knowledge about bitcoin. And with that, engagement turns obviously high which is favorable on the part of the critics. Sometimes, being smart does not only mean spreading what is truth and getting aligned with it. Those negative critics know what they're doing, and they're doing it not for people's validity but for the huge amount of compensation they can get from high engagement.

Though some of these people who go about to spread false narratives about Bitcoin do end up benefiting from their actions by getting so much attention, I still don't think they made those baseless claims because they just wanted to trend, many of them were speaking from a place of ignorance. On countless occasions, the market has shown that criticism does not slow Bitcoin down in any meaningful way. The pro-Bitcoin platforms that are resharing the false narratives mostly do so to farm engagement not because they don't know that most of these statements are false.

The Internet never forgets, is a true statement and that's why many of these false influencers get shamed when their predictions on Bitcoin's outcome turns out to be false. I guess no one really knows the truth until they try it and get rich from it from a major volatility that surges the price. Taste and see, is the message from true Bitcoin believers, else why the increase in adoption and so much talk about it? Both for fame and attention?

I don't know this person and haven't bothered to find out, even though I've heard about him frequently in news alerts. And that's how social media works: those who are most vocal in their support or criticism will gain more notoriety. Bitcoin opponents will always get attention, and most of it will come from controversial, unsubstantiated statements. I don't think so. Some Bitcoin proponents have written comprehensive rebuttals to critics, such as "Bitcoin Clean Up," "We Are Hodlenaut," and so on, and those also need to be popularized. We still need quotes from opponents to spread that kind of goodness.

You might want that but I do think these people and their criticism of what Bitcoin is, supposed to be or is expected to be is how, we are able to know exactly what it isn’t. Over time, you would find Bitcoin to display all these irrelevances and then, you would find them to have one follower fewer. That’s how the currency continues to strive because, those that are there have had hard facts proven to them such that, they build trust and some level of dependency on what they now know to be true and can work with.

I wish people would stop doing that- echoing the names of these people, whether in a good or bad way it still makes their voices more heard and their names remembered. They know they are controversial. They do not care about Bitcoin at all. They care about only one thing: their own popularity. We know these kinds of people, there is nothing we can do to get rid of them just like we cannot get rid of the people who keep getting baited by their controversial (and fake) views. It's all relative.

Well, I don't think I have seen much of that lately. In fact, this thread actually reminded me that someone like Peter Schiff still exists. I'm not sure of how exactly people find his opinion Interesting especially when you see the amount of engagement he's able to pull just by sharing his funny opinion about Bitcoin. Is it not funny how these critics can shameless make a random prediction, and still go back to eating their own words, while looking for something more controversial to engage with next?. At the end of the day, they all know exactly what they're doing.

I think this is the main driver. Along with sheer ignorance. No matter how "good" something is, there will always be people claiming it's bad. ... and the world turns.

It would be funny if it turned out that they themselves were buying bitcoin at the same time and saving it up. The crowd doesn't "hear" evidence (they don't need it), but only reacts emotionally to hyped topics. Black PR is still PR. Any discussion of it, one way or another, draws attention to it. In our age, people's attention is becoming a valuable resource (like battery power), and it can be monetized. Even Schiff's haters help him gain publicity, with their comments (even non-complimentary ones) about him. For them (pro-Bitcoin platforms), it doesn't matter what exactly they post; the main thing is that there's another newsworthy event that will attract readers. If some people stop paying attention to these BTC-haters, there will still be plenty of those who will continue to discuss them. It won't change anything, because you can't just mute everyone.

Unless these are real of fake critics, this is one of the best rationale aspects of bitcoin. I would define like the "last test" for the real bitcoiner. Have you ever seen the reason behind their claims? Mostly get attention and trying to spread their product like a book or a podcast. Did you really care about a "fake" professor or a "gold bug"? I definitely don't have a clue of their expertise, of what a hell they are , but most of all...with bitcoin you can have your own idea that doesn't rely to any "central entity". You're not forced to listen them or to trust what they are saying. We can't stop people to use bitcoin (or sounds money) for making scam. It's like we can't stop people to eat too much... You can't force people thats all and thats how it should be! Otherwise we will stay again in a centralized inferno.