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Author Topic: Is cryptocurrency so difficult to understand  (Read 7081 times)
arifteguhr
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September 13, 2018, 03:53:05 AM
 #501

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 will be very difficult to explain and understand crypto currencies for laymen, it is likely that if the crypto currency can be accepted by all countries and recognized as a currency that can be used then to explain it will be easier

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rasmadisulaiman
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September 13, 2018, 04:31:28 AM
 #502

Informing ordinary people about cryptocurrency must be little by little. They must try and get profit first so they are interested in cryptocurrency. If they only listen to cryptocurrency, they will not be able to understand what cryptocurrency is. The best method is, they have to practice and learn on their own after getting an understanding of what cryptocurrency is.

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dilemamis
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September 13, 2018, 04:38:36 AM
 #503

What my problem is that no one has ever taught me more about here. And what I do is continue to learn by myself. If someone wants to teach me that is beyond my knowledge, I will gladly accept it.
doodle07
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September 13, 2018, 04:40:51 AM
 #504

For me cryptocurrency is not difficult to understand, you just need to analyst and make a massive effort to learn about it. Difficulty comes only within the mind of the uninterested people, its just only need a true determination to understand one thing like cryptocurrency and blockchain technology.

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jonaire99
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September 13, 2018, 05:45:00 AM
 #505

If you are beginner in cryptocurrency investment or trading, it is naturally difficult to understand what cryptocurrency is all about. So what you will to do first is to educate yourself on cryptocurrency including blockchain and restudy it again if necessary. If you are really serious in learning how the cryptocurrency works, then you will eventually understand it later.

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September 13, 2018, 06:16:07 AM
 #506

Here sometimes it is difficult indeed, now and again it would be simple. When I initially met with Bitcoin and cryptographic forms of money I couldn't comprehend it completely. Be that as it may, today I can see it plainly. It has been 4 years. My prompt for amateurs is; you need to comprehend what is blockchain first. And after that you need to see the market. On the off chance that you can comprehend a touch of it you can contribute and utilize it. In any case, never contribute comprehend something!
bombie1
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September 13, 2018, 06:25:07 AM
 #507

Cryptocurrency is not so difficult to understand but one requires education to be able to understand it well and the way the person will understand it also depends on the one giving this kind of education.For a student to be good then the teacher is also good. This is because there are many people who are in cryptocurrency but do not really understand the nature of the industry and its key players.
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September 13, 2018, 06:44:44 AM
 #508

Are cryptos difficult to understand? Everything new is difficult to understand because the novelty makes it different from what we know. The word blockchain is new to most people. They must already understand the use of this blockchain. This comes back, for example, a few years ago to understand the interest of the internet. When the internet started, people had to be given time to understand how to use it. I think that's what's happening now with cryptos. Cryptos will change the global economy, people will regain their independence and are no longer tied to banks. Blockchain and decentralization offer us so much newness that we need time to believe and accede to it.

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agor
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September 13, 2018, 06:56:34 AM
 #509

It depends on the desired level of understanding. Getting some brief information requires about an hour. Getting deep in the cryptography requires several years of math in the university.
swifer
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September 13, 2018, 06:59:02 AM
 #510

bitcoin is very difficult to understand because bitcoin is growing because people invest in bitcoin. at this time many bitcoin holders who can't wait for market prices to bounce back, they want to sell bitcoin or altcoin at very cheap prices so they don't lose more.
Loopper
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September 13, 2018, 07:02:05 AM
 #511

It's true, the virtual world isn't exactly you can guess easily to know the price will go down or it will increase so this is just a high confidence to see the results later.
Awoben
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September 13, 2018, 07:03:39 AM
 #512

To pass the knowledge of Crypto down to some newbies,  some box have to be checked
1. Do they know about internet and can they surf the net with ease?
2. How good are they on smart phone and system?

If they fill those boxes then your job is easily, all you need to do is start by introducing the coins/tokens, take your time to explain using CMC. All can not be learnt in a day. Teach them how to store their coins and security measures involved and so on.

If they don't have knowledge of internet and can't operate smartphones and system, you definitely have a hard task.
Edgegeraldine
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September 13, 2018, 07:04:15 AM
 #513

It isn't difficult to understand cryptocurrency if you spend time exploring the crypto market. And I think there must be a failure to have the experience of crypto.
danice15
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September 13, 2018, 07:11:38 AM
 #514

Just to be honest, in the terms of understanding about cryptocurrency is really difficult. You need a lot of time to learn about what is cryptocurrency and it is not easy at all specially if you are doing self study. Actually until now i still have a lot of question or i still have some difficulties in some parts of cryptocurrency. That's why i'm still on the stage of learning it and asking help or assistance to my friend.
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September 13, 2018, 07:16:27 AM
 #515

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 what makes it more harder when the person is a closed minded one because if they doesn't understand how cryptocurrency works they will find another way to earn more knowledge about it,by doing research since i think all we need to know about cryptocurrency were already at the internet,its ways and its risk.

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September 13, 2018, 07:55:15 AM
 #516

maybe patience is the main factor for someone to understand. when someone first hears and studies cryptocurrency. surely confusion will hit that person. I do not say to others, but I tell myself. I myself was first introduced to cryptocurrency by a friend, I was very confused. and I'm afraid all is fraud. but my friend is still patient to teach me, so that I can understand cryptocurrency. finally my friend invited me to join the bounty campaign, by working on hunting prizes, I also learned about cryptocurrency. finally over time I can understand and accept cryptocurrency.

 
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September 13, 2018, 09:35:35 AM
 #517

If you start to earn money on cryptocurrency you do not need to study the whole cryptocurrency I think bitcoin is just the one crypto coin you will study to earn money starting in INVESTING,TRADING and HODL
It's also the way to earn on other cryptocurrency coins.

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September 13, 2018, 09:56:30 AM
 #518

I honestly still do not understand in terms of what the Tengtang theory is Cryptocurrency, maybe I am too stupid or lacking in my understanding, so I cannot understand it correctly. but in general, I have understood what cryptocurrency is and it seems I still need to learn more to understand in detail.
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September 13, 2018, 10:28:18 AM
 #519

It is just because you didn't read enough about bitcoin as well as didn't do deeper research about it.
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September 13, 2018, 10:30:48 AM
 #520

because of its unstability, no one can know what will happen with bitcoin and can not understand bitcoin.
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