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Author Topic: when you try to explain people about cryptocurrency do they understand?  (Read 3547 times)
mevmike
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September 29, 2017, 03:29:46 AM
 #41

There are different types of people that i was able to share my knowledge with.
Some of them would get what you are telling them instantly.
There are also those whom you need to teach the following day so that all that you thought them would sink in to their mind.
And of course there are those that even they fully understand cryptocurrency will still criticize it.
Thinking it might just be another form of scam.
Cheesy

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September 29, 2017, 03:36:25 AM
 #42

in my opinion depends on their many backgrounds and also on their age. If people have a technological background, the odds are usually good so they understand. On the other hand people without a technical background will not understand. They usually think that this is a silly fraud and try to convince me that it's stupid to argue with an argument that's really nonsense. the only people who understand very little.
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September 29, 2017, 03:37:23 AM
 #43

whenever i try to explain to people about cryptocurrency, sometimes they just give me a blank stare, since it is new to them, but when I tell them it is a good investment and for sure you will have more gains, they begin to listen, however for those who really have no idea how money works, it is like trying to talk to a wall, and i just respect them who they are and what they believe, as we all know, bitcoin is a great investment, but it may not be for everybody, just take a look at those countries who legalized and those who banned bitcoins, it is true that both will have separate worlds, but in the end they need to respect each others decision. for those people who don't understand cryptocurrency, i just make sure to remind them, whenever there is a chance to try and research, at least have a little knowledge on what i'm speaking of, and if in time they begin to be curious, i will gladly teach them on what cryptocurrency is and how they can benefit from it, it does really takes one step at a time for those persons with less to zero knowledge at all with cryptocurrency to understand what we are doing, still we need to choose those people whom we want to help, because sometimes there are those who will just make fun of you, but in the end, we'll be the ones that laughing.
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September 29, 2017, 03:41:52 AM
 #44

I have tried explaining them of what crytocurrencies are. It is kinda hard for me to explain it, because they can't imagine it and its value. But somehow, they kinds excited of hearing it based on my explanation they are interested to be a part of the nee finance community.
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September 29, 2017, 03:49:17 AM
 #45

How you explain something to someone is really a huge factor for him to understand. Especially if you are introducing something that they haven't heard of and is new to them. Bitcoin, or cryptocurrency in general, is quite hard to explain especially on a technical aspect if you are talking to someone who isn't knowledgeable enough. If I'm gonna put it plainly, the first thing that I'm gonna say to someone is that it's a source of income. The term income alone can catch their attention. Then I'll slowly explain to them how it works and how he/she can earn from it. And as much as possible take time in explaining the technicalities like citing an example that can explain the terms simply without confusing them.

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frowsiter
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September 29, 2017, 03:50:56 AM
 #46

Yeah I get a hard time explaining things to people. Like in my friend circle when I told about crypto currencies they were like saying you are crazy man go away. There is nothing like that and if it's virtual then for sure it's real and all the stuff. That was the situation like, I know guys I have thousands of dollars from it but they were like still go away. That's frustrating sometimes when we are being nice to people and trying to teach them new era learnings and earnings. But anyways somehow it's not easy to tell about the crypto currencies to others as long as they get into it themselves. I believe only 2/10 get it right at the first time we explain them but in later times they get into it and learn by themselves.
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September 29, 2017, 03:51:14 AM
 #47

I tried several times but i dont get much attention, you have to know that old people, or those who are above 30+ does not believe in new technologies, that is why they dont pay too much attention to bitcoin, and how digital currencies are going. I also tried to introduce my dad, but he can not even use his smartphone, so i could not expect him to manage bitcoin and the electronical wallets, it would be impossible for him.


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ethereumhunter
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September 29, 2017, 03:51:33 AM
 #48

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 think some of them is understand but the others is still confusing although i give details explanation to them. maybe bitcoin is something new for them and they still thinking that is impossible to make money by internet. what they see is how people like us can earn bitcoin by doing free ways meanwhile the other people is buying bitcoin to make money or profit. but i don't explain too details for people which thinking like this, i only explain that bitcoin is the best investment right now in internet and its up to them if they want to join or not. the decision is always for them, i never push them to follow my way.

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September 29, 2017, 03:56:35 AM
 #49


Sometimes yes, most of the time no, but I tell them even I am not an expert and that it's something you learn and gather knowledge with over time.

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September 29, 2017, 04:12:18 AM
 #50

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?

Sometimes there are people who doesn't understand immediately the cryptocurrency because it is a new term and concept so I would explain it in a way that it will be relatable to them. It would depend on who I am talking to. I am one of those people who doesn't understand the technicalities of cryptocurrency because I did not study IT or have a job related to IT but I understand the concepts of it and I explain it to others the way I understand it. If they have some questions that I don't know the answer as well, we will research it then to discuss about it.

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September 29, 2017, 04:37:21 AM
 #51

actually  its hard to explain to people who don,t have knowledge about technologies,besides other people wanted to know first the name bitcoin before they believe on it..only few can understand even simple explanation but maybe it depends upon the flow of the memory can,t catch up readily Smiley
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September 29, 2017, 04:41:31 AM
 #52

Some people do understand but other's don't. Crypto currency is really hard to explain, even when my friend told me about it, it was hard for me to digest the new terminologies and system.

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September 29, 2017, 04:58:26 AM
 #53

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?
Really hard, because I have the experience, after someone asked where I worked, see you never go to work, but you have the money. and I try to explain my work on actual bitcoin forum. first I confused myself, I want to explain where the start, slowly I started to explain to him that already know bitcoin, but after I explain in detail, he felt confusion, and I started thinking what if I explain to someone who doesn't know at all, it must be very difficult.
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September 29, 2017, 05:30:48 AM
 #54

Some of my friends didn't really understand about what I'm trying to say about bitcoin and blockchain, I explained the simplest meaning to them yet they are calling this coin a scam and can easily hack because it is not in physical form to say it's a currency. Well I did my part to them to understand about crypto, Let's say some people are close minded to this things not because they can't really understand but simply they did not trust it and they want some proof to show.
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September 29, 2017, 05:38:10 AM
 #55

The first thing that comes to their mind is that bitcoin is illegal and you can only use it to a black market or some say it's a money in the deep web. So whenever i try to explain it to them bitcoin is just a digital currency that changes value from time to time that's what i said to them and if they're curios i introduced them to bitcoin and start explaining from introduction > wallet > how to earn. and if they're not interested in bitcoin i don't force them it's not my lost it's their though.
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October 01, 2017, 02:13:44 PM
 #56

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?
a natural thing if most of them do not understand the world of bitcoin or cryptocurrency when it was first introduced. because I think all things definitely take time and process.  Grin
after I try to explain with various things or media, at least they understand what is bitcoin and its function and how can be done to benefit from bitcoin world.
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October 01, 2017, 02:18:15 PM
 #57

Nobody even understands when talks are about digital currencies they start asking what is internet money is it safe... blah blah and never show signs of trust when the whole system is transparent and highly secure. I take to examples to explain how things work and finally they are satisfied with my explanation.
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October 01, 2017, 03:05:41 PM
 #58

It is much easier when people tend to get interested what cryptocurrency is, I will explain them to the languages that they can understand and avoid some technical terms when the person what I'm talking with is not technical, I even say things about what is encryption all about, and comparison with money transfers, so far they get an affirrnative reply.  Grin
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October 01, 2017, 03:21:00 PM
 #59

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?
No they don't understand because most of my friend don't have technical background. They know about bitcoin either from internet or my story. I tried to explain without difficult term but it seems like it's still hard to understand.

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October 01, 2017, 03:23:22 PM
 #60

It's difficult because my people already afraid the negative impact about bitcoin especially when ransomware issue already spreading around the world
Only 1 of 20 of my friend that can understand bitcoin potential and he actively trade bitcoin with care


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