Is Bitcoin too difficult to understand?

[chipzeru]

Some people find it hard to understand how bitcoin works especially for those who not used to with technology and stuff. But i don't think end user people need to fully understand about bitcoin and blockchain technology works in order to use or trade it. As long as they know how to send or receive bitcoin and keep the pv keys and seed safe then that's enough.

[BlackPanda]

Some people find it hard to understand how bitcoin works especially for those who not used to with technology and stuff. But i don't think end user people need to fully understand about bitcoin and blockchain technology works to use or trade it. As long as they know how to send or receive bitcoin and keep the pv keys and seed safe then that's enough.

Yes it is absolutely true, that Bitcoin is simply used to send and receive payments. In my opinion it is a very easy thing and I am sure that everyone can understand it. Unlike the way of working, maybe only a few percent of people can understand it. But back to the beginning that Bitcoin is a financial system that is easy to understand and use.

[NickVick]

Everyone needs to know is how to install a wallet and how to send and receive.
Not everyone needs to know how it is exploited or any other technical details about it.

[badungs]

in my opinion, bitcoin is very difficult to predict, not difficult to understand. we can learn to understand crypto currencies and the transaction flow. and we can learn blockchain technology which has given birth to crypto currencies. but to predict the crypto price movement is very difficult even though using various methods. we must always monitor the crypto price movements in the trading market so that we can predict the movement.

[gulshan1]

Bitcoin have no big difficulty and problem to understand by any body but you have to devote some time to understand and easily can get know the all benefit and feature. Use of bitcoin have become the modern demand of the advance people who are liking the new technology system for money transaction sell and buy in the every field by any entity.

[Dreamace7]

Certainly bitcoin is not to difficult to understand with a good research and dedication you would understand what it is all about. Most times people are more interested in earning than knowledge

[bolbau]

bitcoin is not difficult to understand, all that is needed is a willingness, intention and interest in bitcoin itself. the problem today is, the popularity of bitcoin is still limited to aspects of profit for traders and users. the form of massive education is still rare, this is an obstacle. bitcoin knowledge is a process, what jimmy fallon said is not wrong, this is the reality and issues that bitcoin and cryptocurrency must solve as a whole. many people still don't understand bitcoin, it's not bitcoin that is hard to understand!

[biskitop]

the most difficult to understand from the start was the founder of Bitcoin. some say sathosi from japan, there are also from english, some say from australia. and the change in the function of bitcoin, from the beginning of its creation bitcoin was aimed at transactions, but lately it has been used by people to trade with each other, which in fact makes its value decrease.

[Zalura]

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.

There is nothing difficult in this world, as long as we want to learn and want to understand how it works, bitcoin is a program of blockchain that has a system that is interconnected so understanding it is not that difficult , and bitcoin is a digital currency so it's easier to understand it and explain it to all people, something that is easy don't be difficult.

[Stac]

Bitcoin is not too difficult to understand but it is linked with the modern technology which will be little bit difficult to handle to the common people except the modern generation people who is familiar with the computer and the modern technology .Due to the wide publicity and its popularity bitcoin's  initial problems has been resolved with in the 10 years span. Now the global community has aware that bitcoin is much suitable and relevant to make human life much easier .The global community is getting the financial freedom with out a third party interference for their financial transactions.The invention of bitcoin is one of the greatest finding in this century.It is digital currency can be operated world wide for the benefit of the global community  and its features are very attractive to the business community The introduction of bitcoin can entirely change the face of the global economy which is totally contrary to the present form of economical concepts which is not too difficult to understand just to aware the features of the modern technology.

[SamarasLoch]

Took me less than  a week understand the basics of Bitcoin.  If you don't wish to delve into the technicalities,  then understanding Bitcoin is as easy as ABC.  Bitcoin simply put is an electronic means of money that can be used to carry out borderless transactions,  make payments and store of value.  Without needing a third party for processing its transactions,  transactions are carried out on a peer-to-peer basis.  Bitcoin is not controlled by anybody nor subject to any regulations.

[keanne_isaac]

I think it doesn't matter to fully understand what Bitcoin is and how block chain may used in order to successfully execute one transaction plus how  Miner  take it's job to deliver once request. As long as you know how Bitcoin be use as a payment for any online transaction in replace of real fiat then it is good to go. People don't need technical knowledge how block chain .

[axxo]

If the people knows how to invest in the stock market it would not be difficult for them to understand bitcoin and other crypto currencies because they have the same concept. Understanding bitcoin is easy to those who are interested and accepts crypto currencies.

[Dudeperfect]

I believe that not even a single thing is difficult to understand as far as we are getting the information in proper structure and interesting form. As far as Bitcoin is concerned, we can compare it with the email system. I am sure that more than 95% of the population using email facility has no idea that what happens in the background when they send email to someone. However, they have adequate knowledge including security aspects to use email facility for their purpose. The same thing can be applied with Bitcoin, everyone is not required to understand the concepts like Hybrid PoS/PoW as far as they have a basic understanding about crypto and risk/security aspects associated with it.

[hellywilliams]

also what is about Precium platform?

[syntac]

in my personal opinion, bitcoin is a time money machine, because of what? because we can get money easily or vice versa. We recommend that if we want to profit a lot, we must be observant and careful about the value of the dollar, where when the dollar is high, we just let go of our bitcoin and vice versa. good luck.

[Maamejane]

i don't think understanding is the real issue but rather what i think of is it usage and the mechanism involve. It really high technological expertise for you feel safe and secure for its daily usage.