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Author Topic: BTC, why do some people just get it, others really don't?  (Read 504 times)
jaocoincrypto18
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October 21, 2019, 05:45:24 AM
Last edit: October 21, 2019, 07:58:23 AM by jaocoincrypto18
 #21

People view something based on their educational/knowledge background. So, just understand how they have different responses. Our duties are to convey to people about the truth or true understanding of BTC. Of course, we can do it in accordance with our respective abilities.

In general, every person has different approach about Bitcoin existence which is normal. Some are positive as they believe that Bitcoin is very promising for an investment and some are the opposite specially that there are lot of scam projects today that are using Bitcoin platform to steal money from the people therefore it will always depend to the people as we have different understanding and has our own freewill to decide.

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October 21, 2019, 05:59:17 AM
 #22

In my experience its seems that

[1] some people seem to just "get" btc almost as soon as they are introduced to it,

[2]  others simply don't or

[3] become hostile without understanding BTC tech.

[4] Become hostile and do understand the tech.



The demarcation lines seem to me quite stark. Any theories as to why this is?


(I understand [5] those who just don't get it or are not interested, )





We can't say that they are not interested at all because at first they listen to you, and maybe some point on their mind that keeps them away from using bitcoin or maybe they just don't trust the people who introduced bitcoin to them. Those who are on the resistant are not a risk taker, and there's a lot of people like this who chooses safe investment, than any volatile investment. We all have different goals and belief, I believe time will come and more people will use bitcoin.

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October 21, 2019, 06:00:18 AM
 #23

It's because people are afraid of new technology, simply as that.

I wouldn't say they're afraid, but a lot of people simply want to preserve the way they do things. It's like how some old people are hostile against new developments because "this old tech works just fine", and they'll keep finding reasons not to adapt.

That being said, I don't think that has anything to do with the public's aversion to Bitcoin. Bitcoin is simple enough, but in a world that's focused on UX, it still lags behind. It's far easier for people to dismiss it based on its reputation than actually doing their due diligence, especially when there are risks (that they would rather not take anyway) involved.

As for even educated people reacting differently, it's really just a matter of different people having different perspectives. Hostility is a personal choice.

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October 21, 2019, 06:13:30 AM
 #24

It depends on who do you introduce bitcoin to, and the way how you introduced bitcoin to the. Not all people is tech savvy, I've introduced bitcoin into some of my friends and only a couple of the really got involved in crypto currency. Even I who really believes in crypto was skeptical on it when it was first introduced by my brother.
Well people has different levels of comprehension and way of understanding things they are being introduced to. So before introducing bitcoin to people it will be essential if we would get to know first the way how someone we would talk to will pick up into something effectively, by then we will know how to attack or what approach we will use. Second is, we need to be effective in introducing bitcoin so that we will catch their interest and pull their curiousity dive deeper, for we can't force someone understand what they don't want to know.

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October 21, 2019, 06:19:03 AM
 #25

In general, every person has different approach about Bitcoin existence which is normal. Some are positive as they believe that Bitcoin is very promising for an investment and some are the opposite specially that there are lot of scam projects today that are using Bitcoin platform to steal money from the people therefore it will be depend to the people as we have different personalities and has an own freewill to decide.

It's not about it being either considered a scam or a promising innovation as much as it is about the way people want/like to do things. For a pretty high percentage of the older generations, Bitcoin cannot replace other safe-haven assets or commodities. They prefer using cash as it's real and can sit right in your hands while they might consider Bitcoin just a number on a display.

I don't think most people who consider Bitcoin as a negative innovation is caused by the scams lying around in the crypto world.. It's more about the image mainstream media has created around Bitcoin, linking it only to terror and illicit activity.
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October 21, 2019, 06:21:05 AM
 #26

actually according to ourselves where we learn and understand bitcoin, like our question that often blames why other people get bitcoin easily? whereas I am not the same as those who get bitcoin easily, maybe it's because they are very confident and try their best to get their dreams with bitcoin, whereas we only hope and without hard work of course it is impossible to get bitcoin without work.

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October 21, 2019, 06:25:23 AM
 #27

To understand Bitcoin, you have to think outside of the normal box. Bitcoin is nothing like anything that the financial industry had before and if you are intimidated with "new" groundbreaking technology, then you will "block" anything that looks too complex.

Bitcoin are also a very disruptive technology and disruptive technologies are normally very controversial and it gets a lot of negative publicity in the early stages, so people might believe the FUD and negativity and once again follow the sheep in the industry that wants to stay with the norm.  Angry

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October 21, 2019, 06:26:37 AM
 #28

In my experience its seems that

[1] some people seem to just "get" btc almost as soon as they are introduced to it,

[2]  others simply don't or

[3] become hostile without understanding BTC tech.

[4] Become hostile and do understand the tech.



The demarcation lines seem to me quite stark. Any theories as to why this is?


(I understand [5] those who just don't get it or are not interested, )






Well, I believe that those who 'get' BTC are those who had had enough of the banks and governments controlling their money. These are the people who want a change, and are open to suggestions. Those who go hostile without understanding are likely only too afraid to hope that it can get better. Either that, or they are older people who still believe that the world is the same as it was half a century ago. You become blind to the changes in the world as you grow older. Those who do understand the tech and go hostile, however, are a mystery. Perhaps they are profiting from the situation as it is, and feel endangered by it, who can tell. The fact is that there are a lot more of those who don't understand BTC tech than those who do, be they for or against BTC, and that is something that needs to be addressed. Those who aren't educated on the matter need to learn what it is all about, as they represent literally billions of potential users.

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October 21, 2019, 06:35:26 AM
 #29

for those who don't know bitcoin well, they think that it is just a scam scheme, they think that if they will invest with bitcoin then they will just lose their money, some other people do not have interest that's why they don't exactly know what bitcoin really is. In my experience, I've to know bitcoin for years now but as of now, I don't have a lot of it because I don't want to take huge risks because I also don't have enough funds to support that risk even if I still want to try to.
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October 21, 2019, 06:36:20 AM
 #30

In my experience its seems that

[1] some people seem to just "get" btc almost as soon as they are introduced to it,

[2]  others simply don't or

[3] become hostile without understanding BTC tech.

[4] Become hostile and do understand the tech.



The demarcation lines seem to me quite stark. Any theories as to why this is?


(I understand [5] those who just don't get it or are not interested, )


@jubalix Bitcoin is easily understood by youngsters who are willing to take risk for more gains, but older generation people have lots of reservations and hence they stay away from it. Then many people even get discouraged because of the fud associated with bitcoins, they don’t even bother to do their own research and simply give it a pass.

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October 21, 2019, 07:32:12 AM
 #31

This all boils down to risk management and perception. Some persons who have visited me wanting to learn about bitcoin and buy for future use, after hearing the whole truth because they were told a lie that if you buy bitcoin today, that in two weeks or so, one become very rich, they turn back after hearing the real truth about how bitcoin works.

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October 21, 2019, 07:47:42 AM
 #32

its more about how your introducd to it

too many people are introduced to it via 'network marketing' and 'get rich quick' chats.. thus they are normally just interested in the put fiat in get more fiat out side and not caring about larning about bitcoins real utility

others are introduced via the secure ur wealth against bank, police, court freezes. epecially due to the banking crises around the world. these are people interested in the price but also the tech

others are like liberty/self sustainability, self management. not wanting to put faith into banks/governments. these typ of people are not so much interested in the price but the tech. after all 1BTC could be worth $1billion.. but that $1billion could be worth just a second hand car (note: Zimbabwe dollar)

I disagree somehow, it's not about how we introduce it, it's about how knowledgeable are them to accept every ideas that they will hear, other's diseases are shutting down and ignoring everything they think that is not helpful at all, it's hard to compete with the government and media talking about discrimination of bitcoin, while you---us (normal people) are trying our best to explain it to those narrow minded people, it is not worth it.

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October 21, 2019, 07:51:48 AM
 #33

Five real categories.
This is the law of cause and effect. There must be things that cause someone to be more interested in bitcoin, or even more away from bitcoin, and so on. We know that news about bitcoin and cryptocurrency spread in many media. There are those who give a positive impression and there are those who frighten you with the various risks of loss, criminal actions, etc. that increasingly make people afraid and stay away.
In addition, the personality and passion of each person also influences. There are those who like challenges, risks, some who don't. We all know that cryptocurrency is full of risks, surprises and unpredictability.
So, be grateful for those of you who know bitcoin and want to learn it to the maximum so that you can earn money from here.


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Darker45
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October 21, 2019, 07:52:37 AM
 #34

[3] become hostile without understanding BTC tech.

Some people get annoyed when we talk about bitcoin, The fault is on those people who used the name of bitcoin for their own greed. Here in our country, there are a lot of cases where they used bitcoin as a mean of fake investment method. lats year, there was so much news on the national television about it, since then, whenever they hear about bitcoin, they will turn their faces as if they won't believe in it anymore.

~snipped~

You know what, the problem in this forsaken country of ours is that people are too confident to say something about almost everything even without the most basic of knowledge. There were countless of times I read and heard business and financial analysts, national newspaper columnists and writers, TV personalities, and so on talking about Bitcoin and cryptocurrency without the slightest clue on what they are really talking about. My god, the situation here is awfully disgusting!

This is also the very reason why a lot of common people here are falling victims to various illegal schemes using the Bitcoin or crypto brand. They cannot make even a little research before investing on something. They just focus on the ROI promise even if it is too good to be true.  


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October 21, 2019, 08:01:03 AM
 #35

This is also the very reason why a lot of common people here are falling victims to various illegal schemes using the Bitcoin or crypto brand. They cannot make even a little research before investing on something. They just focus on the ROI promise even if it is too good to be true.  

Well most of them were swayed by their friends and relatives whom they trust most.  For them trust is enough and does not need much research.  Another reason is, people always wanted to blame someone when things goes wrong.  So they put all the responsibility and blame to those who sway them into scam investment.



People have different level of understanding.  Probably due to the nature of environment they are currently in.  That is one huge reason why others can easily get what Bitcoin is and others simply cannot comprehend no matter how well someone explained it to them.  Maybe presentation have additional factor towards Bitcoin understanding but I think, it all goes down to the capability of a person to absorb new knowledge and acquire wisdom regarding trends and technologies.
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October 21, 2019, 08:25:24 AM
 #36

People don't get it, because they have high time preference. They have responsibilities, they are barely able to pay bills, believe they need to spend a lot of time at their job. the idea of stopping and taking a break to spend a little time to learn about Bitcoin is antithesis to their entire mode of life. They feel they will get overwhelmed because Bitcoin is a very deep subject and they would never have time to learn it completely and keep their current life.

Also because of the horror stories about stolen coins and frauds, and spreading horror stories keeps demand low. Nobody wants to get involved in an Mt Gox 2.0. Furthermore Most don't understand how something that is completely digital, open source, and decentralized has value. It's funny because 99 percent of Facebook users don't understand that the billions in revenue the company makes is based on the users willingness to share private digital information. They just feel more comfortable with Facebook's "value" because they have an HQ, CEO, and thousands of employees.

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October 21, 2019, 09:17:37 AM
 #37

Experience could also help for them to understand it quickly.
One example is when you are using Paypal and also other transfer money companies.
Next thing that is needed is to just stretch those kind of examples which they have already used.

Some just cannot understand it. Yes, why? Those who havent even tried to broaden their knowledge about internet monetary. Some of them just live the traditional fiat or the banking system for their salary only (mandatory most of the time).
I guess it will all depend on how we can stretch those kind of examples for them to easily understand everything.

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October 21, 2019, 09:23:23 AM
 #38

Most people doesn't wanna go study and invest on bitcoin because how people or media introduced bitcoin to them.
Most medias is publishing unaccurate info about bitcoin that alarms the people viewing it. Some people are good on talking so they swayed users to invest in, but most of the people are just telling others that they can earn fast big cash here then due to humans natural greedyness they dove in and everything becomes bad.

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October 21, 2019, 09:28:52 AM
 #39

Some of them just live the traditional fiat or the banking system for their salary only (mandatory most of the time).
I guess it will all depend on how we can stretch those kind of examples for them to easily understand everything.
It's all people know, and they also rely on the safety provided by centralized financial institutions because people make a lot of mistakes leading to a loss of money, get scammed, and so on.... most of which will be refunded to people.

In crypto there is no such a thing as being refunded, because every mistake that leads to a loss of money is permanent and people don't want to deal with that.... they want to be spoon fed and looked after.

I never really worry about using my banking app to pay for something online, while I constantly worry about using my mobile Bitcoin client and triple check everything to make sure I haven't made a mistake somewhere. It's a pretty big deal.

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October 21, 2019, 09:29:29 AM
 #40

I don't know what's the big deal about getting bitcoin. Same as all things really if you ask me. Some people just get linkin park, and some never will.

Some hate rap without ever really understanding anything, some hate jazz, hey so what, it's a free world right? Why do we need everyone to love the same thing we do? That's the real fallacy;)

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