Justification for neglecting constant factors in Big O

Many a times if the complexities are having constants such as 3n, we neglect this constant and say O(n) and not O(3n). I am unable to understand how can we neglect such three fold change? Some thing is varying 3 times more rapidly than other! Why do we neglect this fact?

To rationalize how asymptotic notations ignore constant factors, I usually think of it like this: asymptotic complexity isn't for comparing performance of different algorithms, it's for understanding how performance of individual algorithms scales with respect to the input size.

For instance, we say that a function that takes $3n$ steps is $O(n)$, because, roughly speaking, for large enough inputs, doubling the input size will no more than double the number of steps taken. Similarly, $O(n^2)$ means that doubling the input size will at most quadruple the number of steps, and $O(\log n)$ means that doubling the input size will increase the number of steps by at most some constant.

It's a tool for saying which algorithms scale better, not which ones are absolutely faster.

StackExchange Computer Science Q#9957, answer score: 27