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Author Topic: when you try to explain people about cryptocurrency do they understand?  (Read 3547 times)
cyberChevan
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October 01, 2017, 03:25:10 PM
 #61

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 am not completely sure if they really get what I am saying since I've been using some jargon that they might not understand. I try to explain in a simple manner but I am not yet that sure if they can grasp the idea. Let us face it, Bitcoin is a complex technology and explaining it to a non-techy person will have a hard time understanding them. Well maybe they are just interested in Bitcoin because it can give a possibility of earning.
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wellsontheja
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October 01, 2017, 03:35:11 PM
 #62

I gues for me almost 90% of the people I explain about bitcoin understand about bitcoin, well it's maybe i try to explain to them not only using text and audio but because i try to explain to them using Visual & Audio too. I create a video which explains what is a bitcoin in which it contains a motion graphic that describes what bitcoin is and in which there is a narrative which is done by me, which is where the narration is useful to explain the purpose of what is displayed in the video.
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October 01, 2017, 03:40:33 PM
 #63

They mostly struggle with the technical details. How is it generated... Why can nobody hack it.... How does the mining work,

and things like that. They can also not understand that third parties are not needed to make it work. The most common type

of questions is.... Where can I get it and is it legal? Once you explain and give answers to these questions, they are hooked.

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October 01, 2017, 03:42:05 PM
 #64

Many people at first do not understand what it is until I start to show them in detail how the crypto currency works and that it's all absolutely real and legal.

Kevondo
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October 02, 2017, 04:44:18 PM
 #65

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
It is the best source to make other understand about the bitcoin because the price and the importance of the bitcoin are now very famous. It is the main target for the people to know about the bitcoin as much as they can. Just tell them the simple and the easy sources of the making money from bitcoin so they will take interest and it is all about the interest and the knowledge to know about the bitcoin.
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October 24, 2017, 09:44:24 AM
Last edit: October 25, 2017, 12:06:09 AM by Bakemat
 #66

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 people understand it maybe because they already have knowledge and idea about crypto currency or digital currency but other people can not understand it because it still new in their mind the word crypto currency and digital currency so its better if we teach it to them slowly but surely that they can understand it much more and precisely. Lets not judge them if they can not understand it easily remember that crypto currency is still new in the mind of people.
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October 24, 2017, 10:07:52 AM
 #67

We honestly don’t think it’s that hard to explain Bitcoin or Blockchain to a “non-techy” person.
One could start by explaining what a “ledger” is, using a game of cards as a metaphor. A ledger is like a game of cards where every player is keeping a score record to ensure that noone is cheating. Those records are cross-checked to form a single ledger - a master-record, if you will. This metaphor can then be expanded upon to introduce a cryptocurrency as a part of the ledger, and so on. Hopefully that makes sense  Grin


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Redanim
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October 24, 2017, 10:28:19 AM
 #68

Of course, almost all my friends know about many internet currencies and they was using them and still using everyday, I said bitcoin is the same virtual currency, bitcoin just getting right now more popularity and stability, I just said them look at bitcoin price, they was shocked, now some of them are using bitcoins for payment anything online.  
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October 24, 2017, 10:38:50 AM
 #69

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?
My brother and sister, also my classmates, are intrigue to what I'm doing and they always tend to ask what is bitcoin. I explain to them thouroughly and state its advantages and significances, I think they understood my explanation although they still have some doubts because they can't believe that I can earn real money through this (in signature campaigns to be more specific) and they can't believe that a not tangible thing can have a value like real money does. In the end, some of them believe in me and some of them believe that what I'm doing is a scam (sounds funny, right?).
Ararbermas
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October 24, 2017, 10:54:25 AM
 #70

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?
when i try to explain about cryptocurrency on my friends in the first time they have no idea on it and they dont believe that we can earn much profit without hard working  but when i show some proofs as of now they become interested. Lol but they dont have any idea also how to convert bitcoin to cash. Haha eagerly . .maybe when i got some free time to share all my knowledge about it. I recommend to my friends that as a newbie put some times to read here in forum to gain more knowledge so that when they got rank up . They can joined any activities here in forum.
matuson
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October 24, 2017, 11:03:47 AM
 #71

I think that all faced with this problem. People who have never used bitcoin always tends to withdraw the money if bitcoin went up. It seems to me that they all refer to bitcoin as a toy. You need some time to use bitcoin to understand what it is. The signature allows beginners to become familiar with ways to use bitcoins and earn start-up capital. More than makes bitcointalk to promote bitcoin nobody does.
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October 24, 2017, 11:45:39 AM
 #72

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?

Yeah, that's right, the beginning will be very hard for them understand what it is. They have zero knowledge about it so it's not quite surprising. For me, I just explained the basic things, and deliver it in the best way that I can then respond to their questions that I can manage to answer. The rest, I tell them to do research online if they are really interested in it and I suggest the best sites where they can find useful ideas for them to understand it more clearly.
Xester
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October 24, 2017, 11:48:33 AM
 #73

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 do not understand and some understands.  Normal people or those who are not technically inclined were sort of hard to understand things about bitcoin and cryptocurrencies.  But those who are into fields of programming, it, and computer related jobs are easy to know and understand bitcoin.  My family for example, did not believe in me when I told them that it will give them earnings.  My special someone got to understand it quickly because he is working for a computer based company.
pat4cryptoreal
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October 24, 2017, 12:28:35 PM
 #74

It is not easy to really explain cryptocurrency to someone but what I do is just to tell someone that cryptocurrency is a digital money and is a form of money that can make all the financial transaction easy and global.
Tashi
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October 24, 2017, 12:30:41 PM
 #75

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.



Additionally, common people believes that money would always come from work that they are exerting their time, money, blood sweat and tears just to get hold on to life - For short, for them, it's always physical money. I tried explaining my friends and they didn't no a flinch or an idea about what is a cryptocurrency as well as Bitcoin. Like they still have to learn more, and at the same time, I can see that they're not interested in bitcoin and such so I don't see myself wasting time on encouraging them unless they're willing to.

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October 24, 2017, 12:42:39 PM
 #76

I do not know why but I took bitcoin with great interest, but most of the people with whom I had to talk about bitkoin are listened to with distrust. They just do not understand its potential.
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October 24, 2017, 12:44:25 PM
 #77

Last time, I'm tried to explain bitcoin to friends group, five of them look at me like I invited them to MLM group or something like that and one friend joins to the crypto world with my suggestions, but unfortunately that was a bad timing because of China bans policy and the Bitcoin hard fork until now his port still bloody with all altcoins.  Cheesy Cheesy Cheesy Roll Eyes
Alexnelepa92
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October 24, 2017, 12:52:34 PM
 #78

Yes, it's very sad really, all the friends, only 10% understand what they said, and the others do not wish to hear.The reason is that when someone on the pyramids flying all or even want to listen, and someone just says that this is all nonsense and easy nothing happens
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October 24, 2017, 02:19:53 PM
 #79

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 tried to share things about bitcoin to some of my friends and relatives and I realized that it is hard to explain especially to those who really don't have a background about bitcoin. After sharing some initial thoughts about bitcoin, I think they understood it because I opened the most basic things about bitcoin.

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benjamin11
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October 24, 2017, 02:25:58 PM
 #80

They tend to be curious at first but when i try to explain to them its nature, they tend to be more skeptical about it. Well i cant blame, because i myself find it hard to understand what bitcoin is at first. I think its human nature to be skeptical to things they cant see and comprehend.
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