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Author Topic: Is cryptocurrency so difficult to understand  (Read 7150 times)
AshleyCarter67
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September 10, 2018, 03:31:00 AM
 #421

At the present time, we are really easy to understand about cryptos. Their nature is similar to other common currency around the world, they are also sold and bought, in accordance with our demand and supply needs. If there are a lot of coin in the market at the moment, the amount of coin supply is huge, but the coin is just recently, but the demand is only coming from the consumer. Coins of great value in the cryptocurrency market such as Bitcoin, Ethereum, Ripple or Bitcon Cash. If the supply is greater than demand, then the value of the copper can be greatly reduced and vice versa.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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September 10, 2018, 03:45:50 AM
 #422

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.

At first it is very hard to understand specially if you do not have overview of the stock market because bitcoin has similarity in the stock market trading. But if you will study it will you will learn how to use and trade bitcoin we just need proper knowledge and interest.

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September 10, 2018, 03:48:37 AM
 #423

I guess the basic concept about cryptocurrency is quite easy to understand, the harder part is the technical view of the technology itself. Also we cant blame them to fully understand the concept of crypto, maybe they are not interested with learning the new technology or they dont have much time for it. Learning in crypto and engaging with it also needs basic knowledge and tips on how to safely protect your assets. Carelessness in safekeeping private keys and wallet files may endanger your assets and total loss of your money.

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September 10, 2018, 03:51:58 AM
 #424

Sometimes, the reason why its hard to understand because you dont want to fall from scams! Most of us don’t really know who to deal or to trust. Good thing that Myshield was created! It was the world’s first Anti-Scam platform. This project will give us full confidence in all our online transaction and it will help us eliminate scammers to the crypto world.
bajingluncat
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September 10, 2018, 03:54:18 AM
 #425

explain about cripto only in theory especially to people who are still laymen or just heard about cripto, I suggest you to give a technical approach, try to teach him directly in practice in the field don't explain in standard or scientific language it will it is difficult for them to understand but do with their daily language. Directly practicing it will be easy to accept. We are only obliged to accompany. As long as it goes, there will definitely be problems or things that they do not understand. I think it's a simpler and more effective method, we don't need to waste time talking at length without results, just practice it right away
ninokh
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September 10, 2018, 04:07:33 AM
 #426

first, it is difficult to explain cryptocurrency to people who are ordinary and do not know technology. but when we often explain and explain slowly they will understand. I used to be difficult to understand but after reading and watching videos about cryptocurrency I finally understood. indeed requires time and process to understand cryptocurrency. as long as we have enthusiasm for learning I think there is nothing difficult.

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Xalata
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September 10, 2018, 04:18:49 AM
 #427

Most people claim that understanding cryptocurrencies is very difficult but i think if the individual really has the passion for crypto like i do then he will understand it in no time.

kyledavid
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September 10, 2018, 04:20:19 AM
 #428

not actually because when i started in bitcoin i was not aware of it and somebody ask me to buy and use it for investment . what i only know is it is an online money where you can use in investing or saving money and at time flies i am getting more idea about it so i just learn it basically in news and experiences and to the people who guide me
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September 10, 2018, 04:21:56 AM
 #429

In the past it was difficult to understand but now every where the bitcoin and crypto exchanges are available which makes trading easy and possible and like that many articles and white paper of every coin is available on Internet and it is now very easy to understand.

Akenosi
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September 10, 2018, 04:25:09 AM
 #430

Understanding cryptocurrency is not difficult atall for those who can read and write,I learnt cryptocurrency in less than 24hrs and here I am,but for those who don't have basic understanding of reading telling them orally is like performing magic letalone asking them to search about it on the internet.
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September 10, 2018, 04:38:23 AM
 #431

I don't think so. Bitcoin and the other crypto currency is very easy to use and also very digitalized. Crypto currency world expanded this  much due to it's easy usability. Day by day it's users are increasing. People getting in crypto world as they can use crypto currency very easily .

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kylepos
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September 10, 2018, 04:54:53 AM
 #432

Cryptocurrency is not that hard to understand. Crypto is just like a online bank that you can transfer money hassle-free. No need of id and etc. The thing is you should read how to secure your money. There is a lot of forum, websites that you can learn on how or to create a wallet.
Charot12345
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September 10, 2018, 05:27:07 AM
 #433

Introducing cryptocurrencies to the people are really difficult especially if you start to tell them the complicated part of it. Just tell them the basic concept of crytocurrency that will not confuse them like it was a digital money. And tell them on how to earn from it, how a transaction can happen etc. And the other thing that they don’t know and curious to know is on them to learn through reading and search for answer themselves.

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September 10, 2018, 06:05:30 AM
 #434

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


At first, it is difficult to understand cryptocurrency with the termenologies and its functions. Once we learn it step by step and experience we able to understand the basic info. Learning is a continuous process until you master about cryptocurrency. But dont stop yourself to learn because it keeps upgrading and innovating that we have to follow the pace.
jakezyrus
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September 10, 2018, 06:11:52 AM
 #435

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


At first, it is difficult to understand cryptocurrency with the termenologies and its functions. Once we learn it step by step and experience we able to understand the basic info. Learning is a continuous process until you master about cryptocurrency. But dont stop yourself to learn because it keeps upgrading and innovating that we have to follow the pace.

its normal to experience a difficulty not only on cryptos but also to others things in life . like for example in your job or work , you might also confuse at first because you are still new on that stuffs but eventually you can become a pro on it if you will just continue to practice and master your skills  .

cryptos on the other hand is not really hard or complicated because you can always tell that thier main purpose is like a curency , same as on a reguar currency that we use offline .
ubeng07
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September 10, 2018, 06:47:07 AM
 #436

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


At first, it is difficult to understand cryptocurrency with the termenologies and its functions. Once we learn it step by step and experience we able to understand the basic info. Learning is a continuous process until you master about cryptocurrency. But dont stop yourself to learn because it keeps upgrading and innovating that we have to follow the pace.

its normal to experience a difficulty not only on cryptos but also to others things in life . like for example in your job or work , you might also confuse at first because you are still new on that stuffs but eventually you can become a pro on it if you will just continue to practice and master your skills  .

cryptos on the other hand is not really hard or complicated because you can always tell that thier main purpose is like a curency , same as on a reguar currency that we use offline .
Expect the time that it was may been so hard to understand yet that we all know this could be some of the time that are really need to pay an attention with and you must be more aware on what that you need to take with.
Tipsters
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September 10, 2018, 07:25:50 AM
 #437

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.
That will be a difficult quest young lad. Old people are stuck on the same money game they had first experienced. What advice I can give to you is that to start giving them videos and articles about cryptocurrency and blockchain and let them absorb it. Although chances are low for their acceptance, it is still a great contribute to our community.
ntodntodan69
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September 10, 2018, 07:37:44 AM
 #438

many people don't understand about cryptocurrency, making it difficult for them to understand! but with the development of today, crypto is no longer difficult to understand!
cc80aa
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September 10, 2018, 07:44:10 AM
 #439

  Definitely yes,It is not so easy bitcoin to know we need study because they related about money if you dont know how to transanct it might be loosing your money.just avoid  loosing it and be sure that is perfect.
damrianto
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September 10, 2018, 07:52:33 AM
 #440

crypto is not so difficult to understand if you want to learn and you have to find a tutor to continue explaining and giving information about how to get in this krypto market.
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