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Author Topic: Why is Bitcoin difficult to understand?  (Read 2108 times)
rameshrajan1000
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June 23, 2018, 05:22:16 PM
 #221

It's 2018. There are many ways to know about bitcoin. I think it's easy to find bitcoin in this period of Internet usage. But this blog is starting in 2009. It is amazing to think about how and when they learned about Bitcoin. Think of it now is easy for us.
Dread Pirate Roberts
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June 23, 2018, 05:27:42 PM
 #222

The concept is actually not bitcoin. but Blockchain. bitcoin is just the name of the coin who became the pioneer of this digital payment revolution. and why it's not easy to understand. because the blockchain is a transparent system and its division based on mining, and computer systems so that ordinary people would firstly be difficult to understand how it works without directly entering the world of this crypto. but I think phenomenal will guide people to know and learn about blockchain system someday .
THATBTC
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June 23, 2018, 05:29:09 PM
 #223

There are lots of short length videos on youtube to understand Bitcoin in very easy ways. People should use google a little. Also, sites like this one provides very informative how-to and guides https://www.bitcoinmarketinsider.com/what-is-bitcoin/
useful! the btc it's like a kind of asset that you can use easily and well, right now with a value a little volatile, but this will change when the crypto market be stabilized

maybe the people can be a litle confused with the paper that blockchain represents on btc

even like this basic terms

https://btcmanager.com/guide/glossary-of-terms/
pareshnakar
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June 23, 2018, 05:33:37 PM
 #224

Yes it is difficult to find and less vedios and mannual it is starting digital currency so people dont know if people knows about bitcoin they must read whitpaper.

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June 23, 2018, 05:39:29 PM
 #225

Why are people take it so mich difficult. Bitcoin is just a online currency.  You can also say that it a digital currency. It has no Authority. So it has no control. Anyone can use it for good or bad purpose. People can invest in bitcoin by buying bitcoin. People can also invest in project which are related to bitcoin. You can also try Google.

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June 23, 2018, 05:52:23 PM
 #226

Yes it is difficult to find and less vedios and mannual it is starting digital currency so people dont know if people knows about bitcoin they must read iwhitpaper.

It not difficult for the understanding. It easy to learn more information.  You have interest in the bitcoin easy to understand. So first learn the bitcoin history. Then learn to start the bitcoin process. It good future currency. So you must learn the information. It help to learn more information. It connect the other country people. So easy to chat with other people and get more information.
Bitcoin is future digital currency. So don't miss it. Let try to understand the bitcoin.

pernah ada
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June 23, 2018, 05:53:15 PM
 #227

Because they do not want to learn to understand bitcoin, if they have a desire to understand now there are many articles and videos on how to understand bitcoin.
Antonina
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June 23, 2018, 06:06:57 PM
 #228

because many people do not understand why bitcoins are needed. They keep it until the moment when its price will be big. this is not acceptable for many people and therefore bitcoin is not understood by all people
eashikde
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June 23, 2018, 06:24:49 PM
 #229

Because bitcoin is the most expensive crypto currency. People are afraid of its cost and its behavior in the market. When it starts unstable movement investors are afraid to lose their investment.
Osakrita
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June 23, 2018, 06:29:10 PM
 #230

Part of the reason is because it is the first successful application of the blockchain to solve the problem of society.An attempt to simplify cryptography and apply it something directly useful to society.Everyone is used to centralization, the idea of a decentralized system is foreign to most persons.
Ncan
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June 26, 2018, 12:32:43 AM
 #231

less searching for information about bitcoin, something would be hard if from us naturally to seek reference.
look for reference on google, youtube or other sites.  ;)spirit
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June 26, 2018, 12:44:38 AM
 #232

Actually bitcoin is not difficult to understand, So the governments should focus to educate  their people otherwise it will be difficult to understand about bitcoin.
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June 26, 2018, 01:19:57 AM
 #233

bitcoin is very difficult to understand and understand perhaps because bitcoin is a technology that created a very new and can only be used in digital media such as computers and others. so people who do not understand computers will find it very difficult to understand bitcoin.

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XFlowZion
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June 26, 2018, 01:46:35 AM
 #234

For me, we don't really have to know the deep technical aspects of bitcoin. Normal people just need to know how to use it and how it works. Just a reminder, smartphones, computer, laptops and internet are also very complicated technology but we just need to only know on how to use it.
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June 26, 2018, 08:11:17 AM
 #235

Bitcoin is a new form of economy in connection with the modern technology.But I find crypto interesting and was able to understand it easily.
kenellis2017
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June 26, 2018, 08:17:04 AM
 #236

I think, bitcoin is difficult to understand for other people because they are not trying to understand it. Bitcoin is knowledge, they just go directly straight to their desire to earn money even without learning the basics of the crypto world. You should study bitcoin before make money from bitcoin.
Charles Avilaa
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June 26, 2018, 03:19:56 PM
 #237

In fact, not any citizens know much about how financial system works but they've still been a part of that. Their national currency has been widely used no matter how little their knowledge about it is. It was not until I learned the lesson about currency at my university that I understood how money is made through bank system, but fiat money is what I hold eveyday. So I come to conclude that it's the government regulation and control that get paper money effectively circulated. For that reason, I firmly believe that Bitcoin will grow nowhere near hard to understand once the state undertakes digital currency system.
Noilee
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June 26, 2018, 03:53:42 PM
 #238

Well, bitcoin is difficult to understand, because its an digital currency and its a kind of investment, so its better to do some research especially about uses of bitcoin.  Asides from that you have really understand if you using Youtube. Because there are some tutorials will guide you and teaching you. Because btc needs more knowledge and effort so that you can really understand well.
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June 26, 2018, 07:20:37 PM
 #239

BTC is pretty new and people and not very familiar with the way if functions and it is not like regular currency and it is digital which makes it difficult to understand
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June 26, 2018, 07:39:02 PM
 #240

It's difficlut to understand for people who make great effort to accept something new and of course people  are not ready to learn it,as digital currency is treated like something difficult to understand,especially for elder generations.

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