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Author Topic: Is cryptocurrency so difficult to understand  (Read 7150 times)
TentallyMooN
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September 10, 2018, 07:55:37 AM
 #441

This is a very complex industry. And in a short time you can hardly understand something. It took me almost half a year to start understanding the crypto currency. It is necessary to look at many reviews and read many articles, now there is a lot of information on the Internet
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Mamahmuda22
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September 10, 2018, 07:55:46 AM
 #442

It took me more than a year to really engage with more capital, I was worried about fluctuations that occurred and did not experience a significant surge at all, but that is true if there is an assumption to understand crypto, we must communicate with an experienced community, they will help our mindset faster than usual.
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September 10, 2018, 08:13:17 AM
 #443

For those young or new to learn about the crypto market. Maybe the cryptocurrency is really confusing to them. Or expensive lessons for those who want to learn about this market.
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September 10, 2018, 08:25:33 AM
 #444

Personally it took me several days of learning and tutoring using Google and YouTube for me to be able to fully understand and grasps how to use cryptocurrencies initially it was not easy as a layman or newbie it requires full will and determination to fully understand various terminology associated with Cryptos.

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September 10, 2018, 08:51:24 AM
 #445

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 is difficult to explain if the person is not sure and believes in cryptocurrencies because the investment risk is very large and not a few people do not understand at all because of course the person is not easy to believe
fonengo
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September 10, 2018, 08:54:28 AM
 #446

Hi, everybody. The beginning is always the hardest part. Right now a lot of resources and forums to understand what cryptocurrency is and how to work with it.

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September 10, 2018, 09:10:26 AM
 #447

It's actually not easy on the start due to the terms and technology involved but as time goes on with high percentage of dedication and willingness you are able to get the concept right making the rest interesting for you to learn. Also I think it will also depend on the one mentoring you.

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September 10, 2018, 02:32:47 PM
 #448

For most people,all their lives they've been used to fiat currencies,so coming up with the crptocurrency to them will be all but strange and will take a little time to learn and adapt,that is very normal,each and everyone of us learned the crypto whims,it didn't fall on us
As a beginner at first it's difficult, you don't have any idea what you do, You have to learn how crpytocurrency works for you to understand it, you need patience and also the time and effort as a starting investment.

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thenameisjay
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September 10, 2018, 02:34:17 PM
 #449

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. I think cryptocurrency is simple enough to be understood by anyone because of how such a complex system is simplifiee by so many people that it can be understood by anyone from any race at any class. Even a child can learn to understand what cryptocurrency is.

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ellorinjeff
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September 10, 2018, 02:42:45 PM
 #450

If you are a newbie it is somehow difficult to understand unless someone will explain it to you and share their experience about bitcoin.Help is given like the internet.You just have to explore info about bitcoin and soon you'll understand.
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September 10, 2018, 05:05:50 PM
 #451

Crypto is not actually hard to understand. It is very easy to understand. The fact that people lose a lot from Crypto d9es not mean they do not understand it which makes them lose their money. Anything which is easy to understand is what will make you lose more.  Take lotto and sports betting for example, they are very easy to understand how to go by it but you may lose over 10K$ if you do not do things with care.

IndependentWild87
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September 10, 2018, 05:38:10 PM
 #452

No it is not difficult rather very easy to understand just we need to give time in this purpose and also grow up the curiosity to know.
ogtejiri
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September 10, 2018, 05:39:32 PM
 #453

bitcoin is difficult to understand depending on the individual. after explaning to them verbally, expose them to some articles about bitcoin (for those that can read) and also make sure they attend seminars being organized close to them where experts come around to speak broadly about bitcoin, cryptocurrency and blockchain technology.
pareshnakar
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September 10, 2018, 05:41:18 PM
 #454

Ofcourse yes because its very difficult for fresher people who they have no experience.but if you have good experience about cryptocurrency so its not difficult to understand.

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qwirtiii
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September 11, 2018, 07:06:41 AM
 #455

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, In first yes it is diffult to understand you need more Patience to understand each process and steps.But once you get it you easily do transactions and payment.Imagine you dont need to fall in line in an hour just to pay your bills even you is in you home you can pay on it.You need to read more about crypto to understand it.
hendriko
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September 11, 2018, 07:18:35 AM
 #456

if it is to be understood it is very difficult ... because we are just to follow the situation ... and we have to learn more to add information ...
Vaflia
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September 11, 2018, 07:19:39 AM
 #457

It seems to me that the problem in understanding bitcoin is first of all in skepticism to such a new phenomenon as cryptocurrencies.

bitcoinveda
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September 11, 2018, 07:24:17 AM
 #458

In the beginning, it is very difficult to understand this new technology because we have to store the coins in a different blockchain which is very confusing. Mostly we need to have some basic knowledge about the technical aspects, after many experienced people videos for easy understanding otherwise, it is very difficult to understand.
patrickj
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September 11, 2018, 07:32:36 AM
 #459

I think its a typical thing if individuals discover the troubles when learning and understanding digital currency. It is depend to the individual who can teach or need to find out about this field. Simply be prepared to invest your valuable energy to take in more about the crypto world, and you'll succeed. I don't know why a few people are so terrified to go up against a few changes.
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September 11, 2018, 07:46:53 AM
 #460

In the beginning, it is very difficult to understand this new technology because we have to store the coins in a different blockchain which is very confusing. Mostly we need to have some basic knowledge about the technical aspects, after many experienced people videos for easy understanding otherwise, it is very difficult to understand.
Yes it is very difficult to understand it in the beginning but when the people learn those basic knowledge their are become starting to research for more information in the cryptocurrency on which can help their ideas to develop and create a better strategies that could help them to join and earn a huge profit in the future.

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