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Author Topic: Is cryptocurrency so difficult to understand  (Read 7154 times)
flyingdutchmen
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September 09, 2018, 03:05:11 PM
 #401

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.

Crypto is only as complicated as you make it. Do you need to be able to understand economics or how the monetary system works in order to be able to use it? Absolutely not. Most people I speak to don't even know what 'fiat' money means and certainly don't understand how it is created and what is wrong with the model of that. Explain bitcoin to new users in simple terms. You don't need to needlessly confuse them with tech speak and how things work under the hood. Just explain the basics of how it works and the benefits of using it or fiat money (ie the money in their pockets).

I think quite the opposite, in order to get a real understanding about crypto and why so many people belief it can replace the existing monetary system you have to help people understand what is wrong with traditional monetary systems (creating money out of thin air) and why crypto currencies can be a solution to the problem.

Elqui
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September 09, 2018, 03:05:57 PM
 #402

Its not hard to understand bitcoin as long as you're willing to learn and you're interested in Cryptocurrency. You can also earn a lot from mining Bitcoin as long as you know every details about it.
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September 09, 2018, 03:13:46 PM
 #403

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.

definetly,we could accept the facts thats not all people have disame vision and approach about crypto investment  thats they could easily understand the process flow of this kind of investment,even me in my self  i could understand more the scenario of cryptocurrency and  what  is the best strategy to become profitable  into the worlds of cryptocurrency.

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Qweenty
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September 09, 2018, 03:14:15 PM
 #404

Yeah it is quite difficult but i think if the person is really determined to know how cryptocurrency works then trust me he would definitely understand it in the very few days.
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September 09, 2018, 03:15:34 PM
 #405

Its not hard to understand bitcoin as long as you're willing to learn and you're interested in Cryptocurrency. You can also earn a lot from mining Bitcoin as long as you know every details about it.
the bitcoin or this industry will be difficult to understand if you don't have any knowledge on terms of digital money and modern technology. but for those who have a knowledge in the internet or how to access in the diffrreny site it would become interesting because you have a chance to make earnings.

Zebulun18
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September 09, 2018, 03:22:44 PM
 #406

I drew in with youngsters and layman individuals in my networks on the journey of presenting them to cryptographic money. Amid the period I found that they discover It so hard to comprehend the ideas, they are such a great amount of familiar with fiat money and conventional methods for making installment exchanges.
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September 09, 2018, 03:28:18 PM
 #407

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.

Everything starts hard, I suggest you use interactive models to explain a certain concept that they have trouble understanding. Continue explaining the concepts in layman's terms to fully understand its technicalities. But we all know that without practical application, learning seems to be useless so I suggest getting them exposed into the digital world completely for them to experience it first hand. You can guide them throughout the experience that may also be beneficial for you to be also involved in the digital world.
Sasha Grey
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September 09, 2018, 03:39:13 PM
 #408

I don't think so, it doesn't take me long to understand cryptocurrencies, the thing that must be understood is decentralization, this is what makes cryptocurrencies unique and we have to learn because they will become future transaction systems.
dificanovi
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September 09, 2018, 03:45:40 PM
 #409

bitcoin is very difficult to understand because bitcoin is growing because people are investing in bitcoin. at this time many bitcoin holders who are not patient waiting for market prices to rise again, they want to sell bitcoin or altcoin at a very cheap price so as not to lose even more.
I really hate people who want to sell their coins at very cheap prices, in my opinion they are the cause of the decline in prices in the crypto market.

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September 09, 2018, 03:56:28 PM
 #410

of course not, even grade schools can understand the basics of cryptocurrency all you need is to teach them, and if you want to know about cryptocurrency there are many articles, youtube videos, blogs, and even forums like this that can help you to know about it all you need to do is ask someone and they will respond and answer your questions, but it depends on you if you are passionate in learning it then you will understand it fast.
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September 09, 2018, 04:00:21 PM
 #411

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.
the more you indulge yourself in Bitcoin and cryptocurrencies the more we will get experience about it it's not about that is it's just about experience when you use the cryptocurrencies or bitcoins.
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September 09, 2018, 04:09:54 PM
 #412

Cryptocurrency isn't  really that hard to understand but just like any topic, system of operation and technology, it requires a well detailed tutorial and patience to learn the nitty gritties of cryptocurreency, how it's beiing traded and exchanged. If the government of a nation finds and wants to tap into its numerous potentialities, then the government can do so well to introduce it into the school curriculum and have it taught in high schools and colleges so that we can get the younger ones to grow older knowing what a cryptocurrency is and how to trade any cryptocurrency.

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Cryptokarl
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September 09, 2018, 04:32:21 PM
 #413

Cryptocurrency is not so difficult to understand. If you have someone that is a good teacher, it does not take time to teach a newbie how cryptocurrency works using real practical examples. Cryptocurrency is not so difficult to understand
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September 09, 2018, 06:17:55 PM
 #414

Yes, but not very difficult and if we have only willing power to understand crypto currency then that would be enough to understand it.
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September 09, 2018, 06:47:32 PM
 #415

If the IQ is above average then there is no difficulty to understand.Just need to sit down and read for weeks about this topic.If you are too lazy to read, you can watch videos.the main thing desire
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September 10, 2018, 02:30:58 AM
 #416

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 some peoples, it maybe looks difficult to understand, but for me, you just need to reading more information about crypto.
You must take your time to learn about something new, cryptocurrency is one of it. You can simply explain them cryptocurrency is a peer to peer currency, there is no middleman or 3rd party, and the database is decentralized.

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September 10, 2018, 02:46:17 AM
 #417

I was involved in bitcoin for a short time. On the internet, there is a lot of information about electronic money, the community of electronic money users are also great. Electronic money is not difficult to understand, you can refer to electronic money from many sources.

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September 10, 2018, 02:57:36 AM
 #418

Yes it is difficult to understand but only for uneducated, less educated and elder people's.
Except them every one knows about electronic money.
Now a days in India almost 70% people use online transfer
So cryptocurrency is not difficult for them...
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September 10, 2018, 03:03:27 AM
 #419

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.

Respected Sir, the same happened with me when i was fed with lot of information about cryptocurrency. But i think the person who was briefing me just focusing on the potential of earning from it, however when i joined crypto world , i came to know that it has vast scalability, applicable and Broader potential of acceptance. Currently i do not focus on the earning of it instead i talk about its potential and future. People are understanding it much more instead of focusing on Trading and scrapping it.

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September 10, 2018, 03:12:01 AM
 #420

It is indeed difficult to understand but you can learn, just knowing the basics and ask for some tips on the veterans, you can survive in this world. Cryptoworld is complicated but once you understand it then you will definitely become successful someday.

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