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Author Topic: Is cryptocurrency so difficult to understand  (Read 7154 times)
Riddikulo
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September 05, 2018, 12:22:01 PM
 #221

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.

Somewhat it is difficult but if we will study and understand it well we will get used to it. Crypto currency is such a very risky investment that only risk taker can tolerate the risk. Better to study the flow of the market well before investing to avoid such losses.

Everything is simple even for the person who does not have a special education which is connected with the economy. Just be ready to spend your precious time to learn more about the crypto world, and you'll succeed.
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September 05, 2018, 12:31:40 PM
 #222

One of the reasons why young people find it difficult to understand cryptocurrencies is because they don’t have a grasp over blockchain and other technologies that are the basics of these currencies. While the world has been exposed to fiat for thousands of years, people are still wrapping their head around digital money. The only solution to this problem is to provide people about crypto with as much awareness as possible so it doesn’t remain an alien concept, but something that they can adopt without difficulty.
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September 05, 2018, 12:39:17 PM
 #223

give an explanation with the approach, explain slowly slowly, and be a good listener, ask them what they don't understand, then explain in simple terms that are not too standard, so that they are easy to understand, such as giving explanations as often as they meet and do every day, maybe in that way they will be easy to understand, simple isn't it?
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September 05, 2018, 12:43:57 PM
 #224

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
cryptocurrency is very difficult to understand for the first time. but if you want to read about crypto and diligently read in this forum, you will definitely understand what cryptocurrency is.
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September 05, 2018, 12:52:53 PM
 #225

My opinion is, No. If you can get good knowledge about the crypto, then you can understand easy about the cryptocurrencies. Definitely, you will can't be understood about the cryptocurrencies without the knowledge about the crypto. But some time is very difficult to understand the movements of the cryptocurrencies. Personally, sometimes I'm surprised about some currencies movements. Especially, the current BTC movement. If you can understand well about the tokens, it means you can make good profits.
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September 05, 2018, 01:01:41 PM
 #226

I think it will be hard to understand with people who do not have much knowledge of the technology. To buy and sell bitcoin is very simple just to have the instructor is that you were able to buy bitcoin easily.
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September 05, 2018, 01:13:46 PM
 #227

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.


For me. As a teenager, a mellenial people and have a knowledge in technology cryptocurrency is not difficult to understand. I know that many teenagers today can easily understand what is the nature of cryptocurrency. But how about some adult person? A person that is not familiar in crypto world and technology. Understanding Cryptocurrency is depends on people what age and how capable they are in learning crypto.

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September 05, 2018, 01:33:01 PM
 #228

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.


For me. As a teenager, a mellenial people and have a knowledge in technology cryptocurrency is not difficult to understand. I know that many teenagers today can easily understand what is the nature of cryptocurrency. But how about some adult person? A person that is not familiar in crypto world and technology. Understanding Cryptocurrency is depends on people what age and how capable they are in learning crypto.


I agree with this. I have found learning about crypto relatively easy and feel I can give people some easy to understand general information about it. However it does depend on who you're talking to. Some people I have spoke to have some understanding but will argue that it's a bubble til they're blue in the face. Some people ask out of curiosity then their eyes glaze over and admit it's "over their heads" but wish they could understand!?  Huh Then there are those who completely dismiss it as not real money and won't even entertain it.
I think a lot of it comes down to interest, if people are interested in technology or even learning new things then that's half the battle. There's so many resources out there to increase knowledge of cryptocurrencies and blockchain technology but it's not on everyone's radar.
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September 05, 2018, 01:49:43 PM
 #229

Explaining to others about cryptocurrency is very difficult and not just once to explain it, it takes time so they can understand the basis of cryptocurrency, but if they already understand the basics and how to take advantage of cryptocurrency they might be comfortable in cryptocurrency.

when someone decides to join cryptocurrency it must be prepared with everything that will happen, and it is not easy to learn, and we have to learn a lot with seniors.
Learning about cryptocurrency requires time and deep understanding.
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September 05, 2018, 02:03:05 PM
 #230

Explaining to others about cryptocurrency is very difficult and not just once to explain it, it takes time so they can understand the basis of cryptocurrency, but if they already understand the basics and how to take advantage of cryptocurrency they might be comfortable in cryptocurrency.

when someone decides to join cryptocurrency it must be prepared with everything that will happen, and it is not easy to learn, and we have to learn a lot with seniors.
Learning about cryptocurrency requires time and deep understanding.

we only need to support them with active communication to add to their insights, all difficulties will be biased along with their experiences, especially when they are active in trading, sometimes to understand must suffer losses, but we still have to give support so that negative things don't happen.
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September 05, 2018, 02:07:37 PM
 #231

Not really for those who has been exposed to digital technology, but it is hard to understand for those who doesn't know anything about it as in zero knowledge of technology it will hard to explain blockchain and cryptocurrency without showing them how. Educate them properly....
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September 05, 2018, 02:17:49 PM
 #232

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.

Nope..  Cryptocurrency is not really difficult to understand its up to you if you will think it..  Be positive there are a lots of good source of information in order for us to understand deeper the things about cryptocurrency.. It will never be always easy keep that in your mind everything in this world are really difficult and very impossible to achieved but if you are determined enough that you will do it nothing could obstruct you to reach the goal you want..

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September 05, 2018, 02:35:27 PM
 #233

If your a newbie or a beginner it's really difficult to understand cryptocurrency and blockchain due to lack of knowledge about it. That's why reading and research about cryptocurrency is a big help to learn and understand how it works.
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September 05, 2018, 02:38:13 PM
 #234

I think lack of basic knowledge about  what cryptocurrency is and the way it operates makes it difficult to understand.
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September 05, 2018, 02:38:28 PM
 #235

I think its difficult to them if the person is uneducated, lack of idea of digital gadget, and people has age above 50. Because its difficult to understand. Because as we all know much younger and educated only understand cryptocurrencies work. But if they read a lot about crypto u think they will understand but it makes consume time so study well read all articles that can help you grow.

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September 05, 2018, 02:38:51 PM
 #236

Before using the Cryptocurrency lean the information. This information is a help for easy to use the cryptocurrency. It online process. So careful to use. transaction process important for some purchase and exchange any country currency. Find the below mention link for your information. If address will be a change for the transaction is not easy to find the reach the coin place. So learn the information then use it.

https://www.forbes.com/sites/johnhall/2018/05/20/what-is-cryptocurrency-a-simple-guide-to-understanding-cryptocurrency-and-crypto-news/#55324442320d
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September 05, 2018, 02:48:20 PM
 #237

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
I think its a normal thing if people find the difficulties when learning or trying understanding cryptocurrency, because crypto is a new form of technology and it must be need a lot of time to understand it. I think the best method for understanding crypto is through the social media.


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September 05, 2018, 02:53:48 PM
 #238

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.

It's really hard for most people. That's why most of them think crypto currencies are some sort of scam. And the strange fact is that even young people can not understand the basis of the crypto currencies.

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September 05, 2018, 03:01:13 PM
 #239

Explaining to others about cryptocurrency is very difficult and not just once to explain it, it takes time so they can understand the basis of cryptocurrency, but if they already understand the basics and how to take advantage of cryptocurrency they might be comfortable in cryptocurrency.

when someone decides to join cryptocurrency it must be prepared with everything that will happen, and it is not easy to learn, and we have to learn a lot with seniors.
Learning about cryptocurrency requires time and deep understanding.

we only need to support them with active communication to add to their insights, all difficulties will be biased along with their experiences, especially when they are active in trading, sometimes to understand must suffer losses, but we still have to give support so that negative things don't happen.
We do need to guide  them as long as they needed us and give them good advised while they are still new from the surroundings, we need to accept the fact that in order for them to be more keen their interest should be more deeper, there's always difficulty when you are starting from the scratch, but with some help from those people who already have broader knowledge good basis can be take and understanding will be much easier to adopt, on hands help will bring bigger impact as they will learned it in an actual based.

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September 05, 2018, 03:05:53 PM
 #240

Cryptocurrency could be very difficult to understand as it is actually complex. But taking it simple for the newbies will foster a new step understanding. How it works, the reason why the price does go up and down and so forth.

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