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Author Topic: Is Bitcoin too difficult to understand?  (Read 2027 times)
samules
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November 05, 2018, 10:32:46 PM
 #41

Bitcoin definitely has to pass through the stage of understanding it for  people to be able to use it worldwide. This cannot happen overnight because it is a process. Understanding virtual banking and electronic fund transfer was not easy when newly introduced but people got used to it over a period of time. Same will happen with bitcoin. I learn that some schools are already teaching cryptocurrency.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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becak mesin
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November 05, 2018, 10:46:40 PM
 #42

Yeah It is hardly difficult to understand bitcoin for I am not in good literary. After dealing with Bitcoin, I keep reading and understand Bitcoin more and more because I know that is a bright future that can improve better life specially in financial service industry.

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November 05, 2018, 10:50:37 PM
 #43

Yes, I agree with you. Not many people understand bitcoin. Although it has been 10 years since its inception, it is still a short period for bitcoin to be able to gain worldwide recognition. Who sees it as a threat, someone considers it a valuable asset, and someone just a means of making money. All of them need to go through the stage of understanding bitcoin to know what it is capable of and use it correctly.

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November 05, 2018, 10:53:15 PM
 #44

So I was watching "The Tonight Show Starring Jimmy Fallon" and I came across a video where Jimmy is talking about Bitcoin's Birthday  " Thank you, Bitcoin for turning 10 years today this week which is the exact amount of time it takes for someone to explain it to me what the hell Bitcoin is".
Also, I know it was meant as a joke but don't you think this explains facts in a humorous way!
I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?
If you want to watch the video, here's the link: https://www.youtube.com/watch?v=i3Hma8DKXS8&t=100s
(0:53----1:07)

A lot of us is hard to understand what bitcoin is at first we meet it. But people have curiosity that's why people study and make way to learn about bitcoin so we understand it well.

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bloodyvio
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November 05, 2018, 10:57:22 PM
 #45

not only bitcoin
i'm sure all cryptocurrency is currently too technical for beginners
too many numbers behind zero (0) 0.0xxxxx
but this should be easier if you use the right wallet
like a wallet that shows the value of USD / EURO / GBP rather than showing the amount of bitcoin / cryptocurrency

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November 05, 2018, 11:08:29 PM
 #46

most people today only understand that bitcoin is a digital currency, they only know that. but beyond that they have not understood at all. so that if they invest, they only make a crowd without considering the condition of bitcoin ... !!

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November 05, 2018, 11:30:07 PM
 #47

No, we can see that there are many people who use Bitcoin and that has proven that Bitcoin is an easy thing to understand. If someone thinks that Bitcoin is difficult to understand then it's a mistake because they certainly don't have good curiosity. Even in my opinion that Bitcoin can be learned by a small child, everyone has the same opportunity to use Bitcoin.
Rory Kylo
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November 05, 2018, 11:36:00 PM
 #48

Very few people really understand the nature of bitcoin, but the people who are holding the bitcoin also have a wrong view about it.
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November 06, 2018, 12:01:38 AM
 #49

No, we can see that there are many people who use Bitcoin and that has proven that Bitcoin is an easy thing to understand. If someone thinks that Bitcoin is difficult to understand then it's a mistake because they certainly don't have good curiosity. Even in my opinion that Bitcoin can be learned by a small child, everyone has the same opportunity to use Bitcoin.
Yes, that's right, it's very easy to really know what bitcoin is, if there is someone who doesn't understand it at all, I don't think he really wants to know about bitcoin. Actually it's quite simple to know that Bitcoin, bitcoin is a digital currency that has a price of now $ 6400, I think that way you will know bitcoin fundamentally.

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November 06, 2018, 12:13:35 AM
 #50

Honestly at first that I hear about bitcoin it is difficult to understand I always wondering where the fund that the investor can get salary from they investment I thought that it may be scam because I really dont have any idea. But times passed away and I already read I watched some bitcoin shows and tuitorial and I understand about bitcoin. I also started to get involve without investing any form of money in joining in signature campaign. And continously amd everyday I learned a new knowledge in help of many butcoiners here in bitcointalk forum and I'm happy that I learned doing bitcoin because I have an extra income.

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November 06, 2018, 08:59:05 AM
 #51

I have been in the crypto world for over a year now. And until now I can’t correctly explain to you what Bitcoin is and everything connected with it. For this you need to read and study a lot about it.
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November 06, 2018, 09:25:50 AM
 #52

It takes a lot of time to go with the details of bitcoin. By understanding, it will surely give some advantages to those who seek much about bitcoin and take some time to fully understand it. The more learnings you will know about it the more advantage you have in daily basis.
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November 06, 2018, 02:56:56 PM
 #53

If you really want to understand and know bitcoin its  easy for you. You will not mind those  issues about bitcoin and not be affected. Every decisions in your life is depends on you. Its you who wil decide whats the best for you so if you really want bitcoin  you will find ways to to learn it.
bitcoin is easy to understand depending on our own. intention to study or just monotonous there. so we must always learn without giving up and we must know how it works so that it is easier to use it. that's my stomach.
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November 06, 2018, 03:07:04 PM
 #54

Absolutely right first time it is very hardly to understand about bitcoin think,right now don't stop using bitcoin if you are new member in the bitcoin market.so keep getting your knowledge about bitcoin and definitely trying to search good article about bitcoin and read it.i hope will be understand bitcoin without any problems.
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November 06, 2018, 03:13:17 PM
 #55

my opinion it does not require an understanding of the details of bitcoin, enough to understand how to use it and the benefits obtained from bitcoin, it would be better if we have more knowledge about bitcoin. most important in my opinion we all can get convenience compared to using money

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November 06, 2018, 03:50:06 PM
 #56

Beside every opinion i am just focus on bitcoin and it is known to every one that bitcoin is understandable it can be used in management sciences courses and some other platforms are using bitcoin and crypto and i love that bitcoin is solving many people lives and it is participating much to the economy and it is not difficult to understand now a days people know that many sources are available and it is easy once you have to buy bitcoin and then hold it for right time and use it for trade.

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November 06, 2018, 04:03:23 PM
 #57

Basically Bitcoin isn't too difficult to understand,the important thing is that we first need to know (what is Bitcoin), after we know Bitcoin we learn about Bitcoin and we are easy to understand about Bitcoin, goals, factors, prices, trading, this graph makes us easy to understand which is called Bitcoin.

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November 06, 2018, 04:33:09 PM
 #58

This growth of Bitcoin is confusing for some observers.
Virtual money, but to buy it to spend real money, so that virtual currency grows more honestly, some creators, not only push the value of the money that is pulling it closer. life.
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November 06, 2018, 04:40:14 PM
 #59

One major hindrance to crypto acceptance is its complicated nature. If you don't want to lose money you really have to know what you're doing, and even then, you can still be hacked if you're using exchanges!

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November 06, 2018, 04:41:29 PM
 #60

When I first heard bitcoin I have notice that lots of people earned lots of money so then I've research what is bitcoin and study if how can I get profit by doing bitcoin stuffs but first I don't really understand how bitcoin works and then I found this bitcointalk and I now I learn how to be involve in bitcoin things get to be easy when I was reading lots of thread here.
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