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Author Topic: Is cryptocurrency so difficult to understand  (Read 7150 times)
12tribes
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September 03, 2018, 01:52:47 PM
 #141

There is nothing that is not difficult to understand if you don't have the right mindset, teacher, tools or opportunity. The truth is cryptocurrency can be understand within a short time if the student pays attention and gets his focus and goal sure. Cryptocurrency is what a child can understand and use for profiting.

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September 03, 2018, 02:31:09 PM
 #142

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.

Encouraging is one empresive to people to encourage to
 take and use anything, so even in crypto currency even if this is difficult to use if the know already that there is a good return after using it  I think they pursue their selves to learned and explore about crypto.
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September 03, 2018, 02:35:55 PM
 #143

It really depends where the answer is coming from.

Ask a technologist and you'll wonder what the heck is a blockchain? And what are algorithms that creates a trust-less transactions. And what the heck is decentralization and disruptive technologies? Sounds negative doesn't it?

Ask a trader and you end up with eyes rolling on what are FOMO? And what the heck is a HODL? Say what? ATH? Perhaps the easiest to digest would be buy low, sell high.

I'd say, if you really want to understand what bitcoin is, ask a consumer. What are the products and services that you can use bitcoin for as a payment. I'm sure they can help you setup your bitcoin wallet without much ado and will simply tell you that 2FA is a more secured means of protecting your access. No frills. No qualms. Just pure bitcoin in action.

So be careful who you ask. #winks


Odlanyer
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September 03, 2018, 02:43:01 PM
 #144

Yes, In the first place cryptocurrency was difficult to understand if you enter in this world you don’t have know anything about that, but if you take a research about cryptocurrency your knowledge about that was improve, you understand the crypto so only thing that you do is read and do some research.
Sanjida
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September 03, 2018, 02:45:13 PM
 #145

In my opinion cryptocurrencies are not difficult when understand you are about knowledge on it.and this is my suggestion if you are big amount form it first should know  what is it then study.then get into crypto world.all the very best.
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September 03, 2018, 02:55:59 PM
 #146

Cryptocurrency is a new invention in modern times like today, and this can only be understood by people who want to learn or have broad insight. cryptocurrency will confuse people who are new to it, but it will be easy for people who want to learn it.
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September 03, 2018, 03:00:36 PM
 #147

To start everything there always be hard or difficult Eben for understanding the cryptocurrency. But, if you learn the cryptocurrency well you can understand it easy. You should do your own research to understand the cryptocurrency.
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September 03, 2018, 03:01:01 PM
 #148

No ... there is nothing complicated in the field of crypto currency. However, this sphere (like any other) requires serious familiarization ... if you want to make money on this, then without understanding the basic principles of what is happening, there is no way. Therefore, you just need to be interested in the world of crypto-currency and be aware of all the changes. But this is not the most difficult area for development
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September 03, 2018, 03:05:11 PM
 #149

in my opinion they should be invited to crypto seminars more often or more simply bring the brand together with managers or people who are experts in blockchain technology, for that it may require funding but if they still do not understand, it should be the way it is, even though there are many sources to know closer to cryptocurrency

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September 03, 2018, 03:45:41 PM
 #150

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.
Well,As a beginner it is truly difficult to understand how Cryptocurreny work. Of course there are the technical aspects that are hundreds of times more difficult to understand than this simple resume, but then you need to study,do research about crypto world.
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September 03, 2018, 03:46:32 PM
 #151

Actually, it's not so difficult to understand cryptocurrencies, if we know the basic concept of cryptocurrency. And then, if we want to learn more about cryptocurrencies, I'm sure those who are diligent in learning will easily understand cryptocurrencies.
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September 03, 2018, 03:55:29 PM
 #152

for you should be able to learn more and have to be able to find information about cryptocurrency in several media even on youtube because this cryptocurrency is actually very easy to understand and when you can understand it then you will be able to gain profits.

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CrimBit
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September 03, 2018, 03:58:19 PM
 #153

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.
Usually someone will find it difficult to accept a new idea if they are comfortable with an old idea, the first thing you can do is make them interested in crypto, you have to give them a real proof until they are curious about crypto, if they are curious, then you can enter crypto concepts to them. because you also have to know that crypto is still a minority in the banking world, not many people have used and understood this technology.
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September 03, 2018, 04:13:23 PM
 #154

well, I guess it is too normal for the beginner to face those difficulty in learning here. If you are really interested and have dedication to learn  it so well, it will not be difficult to understand it for sure. But if you are going to force yourself to understand it and learn it, perhaps for sure in vie versa it will very very hard for you to understand it.
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September 03, 2018, 04:21:42 PM
 #155

In my opinion cryptocurrencies are not difficult when understand you are about knowledge on it.and this is my suggestion if you are big amount form it first should know  what is it then study.then get into crypto world.all the very best.

Learning should always be ahead of earning and that applies to  all field including crypto.  I also feel that crypto is not difficult to understand,  it is just matter if interest.

Nathrmatics which is  a puzzle for most is like a gift to some.

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September 03, 2018, 04:30:36 PM
 #156

for people who don't understand technology or primitive, then we will have difficulty making it understand the concept of the blockchain, and it takes a lot of time.

I think that giving a simple theory and making a blockchain analogy is a great way to make them understand blockchain, slowly but surely.
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September 03, 2018, 04:36:12 PM
 #157

As someone who has joined the crypto world only recently, I have to say that cryptocurrency is a bit difficult to understand. Because it involves money and investments, cryptocurrency is not something that one can fully understand in just one day. You have to study and understand what it is about. It is for your own safety, anyway, if you do not want to fall for scammers.
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September 03, 2018, 04:38:04 PM
 #158

for people who don't understand technology or primitive, then we will have difficulty making it understand the concept of the blockchain, and it takes a lot of time.

I think that giving a simple theory and making a blockchain analogy is a great way to make them understand blockchain, slowly but surely.
Although we have a simple theory but those who do not understand and refuse to learn will also be useless. New era, so the problem approach has many sources, they want to understand will not be too difficult.
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September 03, 2018, 10:44:53 PM
 #159

Though cryptocurrencies is just similar with the stocks and exchange, its technicality makes it hard for others to understand and use it. That's also the reason why some people wanted to use the traditional payment system using fiat than using the more complicated cryptocurrency.

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September 03, 2018, 10:50:17 PM
 #160

Yes at first its very difficult to understand it took me a month before i enjoy dealing with cryptocurrency.Thats why many people dont want crypto currency because they dont have patience to study crypto and they dont put time and effort to read about bitcoin.But once they understand bitcoin and you know how it works i swear they love it like how i love bitcoin.
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