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Author Topic: Is Bitcoin too complicated for ordinary folks?  (Read 2300 times)
Sinecoin
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May 03, 2018, 09:50:17 PM
 #421

With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/

I dont think bitcoin or crypto in general is too complicated at all but many of the older people in the world will probably have trouble using it and will definitely have trouble understanding it.  I think crypto is a thing for the younger generation but as the older generation dies out, the more technologically literate, will fill up the world which is when crypto will become more popular.

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walemil
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May 03, 2018, 10:05:01 PM
 #422

In my own opinion, bitcoin is bit complicated for ordinary folk. You need to have a fundamental knowledge of computer in order to enhance your bitcoin or cryptocurrency experience. From opening your wallet address to keeping your private keys and doing your transactions, a lot of knowledge is required, which will be difficult for a novice.
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May 03, 2018, 10:11:01 PM
 #423

I think yes,.  Bitcoin is not for everybody because i believe that if you are have now idea and enough knowledge to use bitcoin.. You are not deserve to use bitcoin.
You must be have a sufficient knowledge  to do so.
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May 03, 2018, 10:19:55 PM
 #424

Everyone can learn bitcoin and any other crypto currency. No people can learn something if you teach them well. Example of this is myself. I am an ordinary person. I am a graduate in high school only so you can consider me as an ordinary person, but I learn. It is just the interest of a person.
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May 03, 2018, 11:29:29 PM
 #425

I think there is a certain difficulty when dealing with the crypto and bitcoin markets. using the normal process for sending / receiving or mastering their account. This process requires some basic skills in using the internet and computers, more important than being cautious with these types of wallets.
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May 03, 2018, 11:37:15 PM
 #426

With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
Bitcoin is really complicated to understand because there are some words that can't be understand easily. Many of us here before using bitcoin we are just an ordinary folk, so bitcoin can be understand by ordinary folk all they need is a computer and a internet connection for them to access in bitcoin.
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May 03, 2018, 11:41:18 PM
 #427

I think that anyone who is interested in bitcoin will be able to understand its technology and ways of using it! Just while the crypto currency is not very common.
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May 03, 2018, 11:46:59 PM
 #428

With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
Bitcoin is really complicated to understand because there are some words that can't be understand easily. Many of us here before using bitcoin we are just an ordinary folk, so bitcoin can be understand by ordinary folk all they need is a computer and a internet connection for them to access in bitcoin.


that's right buddy even forks nothing knowledge about the new thechology of digital currency they have guide how to start learning and accepting digital currency in their life, the complicated situation become easy and understandable, actually I might see herein the forum had amny fork right there from very beginning there are nothing idea's and knowledge is bitcoinas first digital currency because of dedication now are very skilled in the world of bitcoin or virtual currency as whole.

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May 03, 2018, 11:58:53 PM
 #429

Obviously bitcoin is not a simple investment, on the contrary it is very complicated for ordinary people. Wallets, public and private keys are complicated concepts to understand
Hopeliza
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May 04, 2018, 12:11:48 AM
 #430

It's true that bitcoin was a little bit complicated for the people especially for those who are new or for the beginners in this forum.

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May 04, 2018, 12:14:51 AM
 #431

I think yes but somehow for those whose really willing to understand what is bitcoin was all about will become easier for them because they really wanted to learn about it.

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May 04, 2018, 12:16:42 AM
 #432

For me everyone can learn about this Bitcoin but honestly there are some point that was really hard to learn when it comea to Bitcoin but the rest are really easy to understand.

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May 04, 2018, 12:28:33 AM
 #433

I think it's not too complicated for ordinary people, because I am also the most important ordinary person we want to learn what bitcoint is, with us reading and viewing the video about bitcoint of course we will be tau..and will not feel complicated.
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May 04, 2018, 12:33:33 AM
 #434

Well i think for people who do not familiar with crypto currencies & blockchain must be very complicated to understand bitcoin
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May 04, 2018, 01:50:03 AM
 #435

Well i think for people who do not familiar with crypto currencies & blockchain must be very complicated to understand bitcoin


Correct, even for me I find it hard and complicated how much more these ordinary people. It needs focus and more research for us to be able to understand how it works.
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May 04, 2018, 01:52:27 AM
 #436

I think many people just see bitcoin as scam or a waste of time. If you try to explain into an ordinary people you will have a hard time to explain to them. And also they will have a hard time to understand. Bitcoin was for me, only for the risk takers. If you dont have a gut and patience. Bitcoin was not for you.
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May 04, 2018, 01:57:51 AM
 #437

With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/

Most of the media are talking about the price because the only reason why Bitcoin caught their attention was its fast growing price. And they are dwelling on the issue of Bitcoin's price that they cannot move out from it. They issue warnings and advice against investing in Bitcoin. What they missed was the most important thing of all and that is the technology behind Bitcoin. The price is basically incidental.
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May 04, 2018, 03:20:49 AM
 #438

Bitcoin or blockchain or even the cryptocurrency is difficult to understand, not just for ordinary people but for everyone who dont know anything about it. But we can learn to understand things about bitcoin world if we try to know about it, study it and try to be open-minded about it. If we do this, the understanding of bitcoin becomes easy, not just for us but for all of the people, may they be ordinary folks or not.
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May 04, 2018, 03:24:31 AM
 #439

Ordinary folks find it difficult to understand the importance and the functioning of bitcoin. Once they adopt it, automatically they easily move with it and show more interest towards the digital innovation. Because what it provides to the user community is much bigger than any other form of investment.
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May 04, 2018, 03:26:30 AM
 #440

I think blockchain and bitcoin are quite complicated for ordinary folks and being able to connect sometimes becomes a technical hurdle. But once you're there, it's relatively easy to join in the fun of the web.
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