when you try to explain people about cryptocurrency do they understand?

[jonathan6655321]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

[Despacito]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Some friends are askin me about cryptocurrencies. I explain this to them by giving examples from fiat currencies. Creating similarity between fiat currencies and cryptocurrencies is a good technic to explain bitcoin and others to them.

[Vaculin]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Some friends are askin me about cryptocurrencies. I explain this to them by giving examples from fiat currencies. Creating similarity between fiat currencies and cryptocurrencies is a good technic to explain bitcoin and others to them.

Honestly they don't.So i'm setting them examples about online currencies same with our fiat money or paper money.That's the time they start to understand a little.I even made some convertions for them so they could really understand about cryptocurrency and its corresponding value to our own currency.And they said WOW..seems very interesting!

[Vladv26]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

I explain them short and easy what bitcoin is so they can at least make an idea about it. It is hard to explain all the process that bitcoin does and they cant understand it if they dont know all the informations. So explain them only the important part of bitcoin , what it is and how it works.

[unamis76]

Normally they don't, but if you're intro cryptocurrencies long enough you eventually know how to explain the basics in a language fully understandable by most people. Then some get curious, and others don't...

Either way, it's still something quite out of the ordinary for most people, so it's pretty hard to explain...

[Cicada1033]

It really depends on their background alot and also on their age. If peole have a tech background the chances are usualy good that they understand why I'm exited about Bitcoin. On the other hand people without a technical background won't understnad mich. They usually sthink it's a silly fraud and try to convince me that it's stupid by comming up with really nonsense arguments. What I usually tend to do is try to motivate people that they do the investigation parrt for themselves. Next time they meet me a lot of them are really thankfull that I kinda forced them to do some investigation on the crypto topic.

[stompix]

To be honest I've failed so many times I gave up.
What annoyed me the most was that after clearing one or two points they started with the same questions.

There are some friends who still bug me with questions even now and then but I don't have the patience to explain them and I just send them the links. Read it, make what you can out of it and choose if you wan to buy use store ignore.
And frankly speaking I don't know how they might react if they made a wrong choice when buying...like let's say 1000 in December 2103 and stayed 3 years mad at me for that. And then even worse because they sold at 300 and now it's at 4k.

So I'm juts going by the law of evolution, who wants to go embrace BTC he can do it alone, I'm not the one that will do the pushing.

[angaper]

No, it has not really been easy for me to explain to others about cryptos, their importance in today's economy and their future possibilities. I must admit that even for me it has certainly been difficult to properly understand all the technological bases behind the development of altcoins. I have an academic preparation as a humanist and that is why computer issues have not been my specialty, however the relevance that are taking the cryptos goes beyond the mere computational field, so I am convinced that ordinary people like me also have the right to to be involved and give an opinion on this subject, despite the resistance of the technicians who hate that we, the normal citizens, give an opinion on these subjects that they consider of their exclusive competence.

[Kingofbitcoin12345]

I think we do different strategy how do we share our knowledge about bitcoin.. Because I mostly do actual transactions and posting when they were around me at the same time I'm teaching them.. One thing that attracts them from learning from me is that I don't used referrals for me to gained or taking advantage on they're ignorance to this matter.. A simple thanks is as good feeling as winning a 1 bitcoin jackpot..

[smartbitcoininvestor]

Usually, it depends on the other person's knowledge of Fiat currency and their financial literacy. If they are clueless, they will be skeptical and have a ton of questions. It is tougher to explain to them why Bitcoin has utility over cash in a bank, for example, and should be looked at as an investment rather than a gamble or risk. Most people will follow what they hear in the media - which can be a number of crazy things when it comes to Bitcoin.

Everyone has a different perception of money, so the conversation essentially revolves around how much they know about money to understand Bitcoin.

[hakans]

Not really, so many things you need to explain, mining, the blockchain, hashpower, it always ends in them telling me I can't explain things 

[Zalfa_mui]

I have often explained crypto to my friend,but many don't understand and many misunderstand.
I will not now explain to anyone,because I've been laughed at and mocked

[Shreek]

no ,, it's hard to make people understand about cryptocurrency, let alone the inland people who do not understand teknology ,, a small sample of my experience ,, i once explain cryptocurrency to my friends ,,, and apparently they do not understand, even many who do not believe ,,, this is the effect of the paradigm of people who are used to looking for life from something real ,,

[BitHodler]

I always use easy to understand language when explaining the basics of Bitcoin, and quite often they do understand it, but it's a personal matter when it comes to people looking at Bitcoin as a useful tool or not.

And some people find it shady that the creator of Bitcoin has left and remained anonymous the entire time, and for that reason think it might be a scheme set up to make loads of money.

I never spend too much time on these people. If I see they like the concept, I gladly help them forward. If they think it's a scheme, I don't waste my time with them since they can't get their ignorance to make place for understanding.

[centralbanksequalsbombs]

Central Banks in all the countries haven't been truthful about the extent of fiat/credit issuance for decades - hiding this fact has made it easy for theft on a grand-scale from all peoples.

The lack of knowledge sets up a hurdle for those to understand. However we can take peace in the fact there are very smart people in almost every country that can read such systems, understand bitcoin, and have been engaged in acquiring bitcoin.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Banks in every country for the last four years have blocked bitcoin businesses and bitcoin transactions. But every year Bitcoin got stronger.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

[CryptoLex]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

If you keep it simple you will see that your friends will understand and that most of them will get qurious... atleast thats what I saw with my friends

[JayJuanGee]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

I doubt that we are ever going to know with any kind of certainty that people understand bitcoin or any other concept, unless those other people are proactively explaining back to us or explaining the concept to someone else and they are actually getting the details right.

I encounter regular people who express some curiosity about bitcoin, and I also encounter folks through LocalBitcoins (who tend to be a bit more sophisticated in their bitcoin knowledge), and even very informed people frequently get important and material details wrong when it comes to bitcoin.

Bitcoin takes a while to understand and explain, and aspects of bitcoin evolves, too.... so frequently, all of us are learning on a regular basis.. and sometimes, we might have to change the way that we discuss bitcoin based on what aspects of it are changing and even based on what kinds of questions another person might be asking or attempting to interact about.

I recall about a month ago attempting to explain bitcoin to a guy who I had met through local bitcoins, who was asking really good questions about forking and attacks on bitcoins and the relationship of bitcoin to altcoins, yet he also seemed to be a kind of newbie to bitcoin.   I walked away from that conversation in a bit of a daze, and I personally realized that I could have handled the whole situation better, and I attempted to explain way too much to him, and he was not ready.. and he caught me in such a way that I did not have a good enough explanation for him...and really I should have been asking him more questions in order that I could have tailored my response to his situation rather than coming off as a bit dogmatic (which kind of came from the way that I allowed him to prompt me...)...

So my point is that I think that we can continue to attempt to learn about bitcoin and attempt to learn about how to interact with people about bitcoin by trying to make  sure that we are getting diverted into the wrong level and/or kind of conversation that might not be fitting to our then audience.

[orions.belt19]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

I explain them short and easy what bitcoin is so they can at least make an idea about it. It is hard to explain all the process that bitcoin does and they cant understand it if they dont know all the informations. So explain them only the important part of bitcoin , what it is and how it works.

I find it difficult to explain bitcoin and cryptocurrency to other people but I would usually introduce them to use this forum because they'd find out about it more when they use this. Basically, they don't understand it at first but most get interested especially when they hear the word "money" and when they find out about the high price of Bitcoin. I would say that Bitcoin is a digital currency and from that, they would somehow be able to grasp the concept of it.

It's hard for me to explain about the other aspects of Bitcoin such as trading, mining and blockchain technology, which needs thorough explanation.

[aardvark15]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

One guy I talked to about Bitcoin felt like it was something only for the elite. Something only the wealthy could afford and not many people understand. I think part of the problem is that education and information is usually either by word of mouth or people have to make an effort to search and learn themselves. Since Bitcoin is not a business for profit, there isn't a great deal of advertising about Bitcoin. There are a few advertisements and one year a college football bowl game was sponsored by Bitcoin, but there isn't a lot of that. It's going to be a very gradual process that is basically organic and grassroots. That's not always a bad thing because if it succeeds then it will have proven to be deserving.

[Rose119]

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Not really, and most of them don't believe in me, but its ok atleast i give them opportunity to know bitcoin, I play my part as their friends to tell them what i know so its on their hand if they want to study and learn about bitcoin on this forum.