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Author Topic: Is bitcoin difficult to understand  (Read 4930 times)
NavI_027
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September 15, 2020, 09:54:59 AM
 #101

As a newbie in crypto, I will also feel that "what is this?" "How do people earn from this?"
Bitcoin is just another form of money, nothing else. You don't have to have deep technical knowledge in order to use bitcoin and earn Bitcoin. Bitcoin is pretty easy to use and earn and, at the same time, it is pretty hard to fully comprehend.
Yup! That's right. But actually, bitcoin supposed to become more of a currency than a stor of value. But anyway, that's not the point here so nevermind Grin.

Honestly, I think all of us need to familiarize btc's technicalities. Not whole aspects but at least the basics. Know the jargons, how the system work and simple do's and don'ts as well; so that you will minimize the risk of making bad decisions which sooner leads to losing and to avoid the traps of scammers too.
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September 15, 2020, 09:58:29 AM
 #102

According to me it is not contorted at all. If someone is disposed to learn about  bitcoin ,there are many peer-reviewed articles ,forums through which we can learn a lot about  bitcoin and cryptocurrencies.No doubt that it is hard to comprehend bitcoin properly but interest and zeal of a person matters a lot.

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September 15, 2020, 10:10:41 AM
 #103

According to me it is not contorted at all. If someone is disposed to learn about  bitcoin ,there are many peer-reviewed articles ,forums through which we can learn a lot about  bitcoin and cryptocurrencies.No doubt that it is hard to comprehend bitcoin properly but interest and zeal of a person matters a lot.

Really nothing on earth is easy as we taught to know better, Reading those forum articles online is not even the best criteria to master cryptoccurrencies or bitcoin,
Even in forum no one know bitcoin all, it's a matter time to study btc properly.


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September 15, 2020, 10:28:33 AM
 #104

Well, I guess it depends on the people themselves. If that person was eager to learn and interested in it then understanding it wouldn't be that difficult. Besides, the difficulties vary on how depth you want to understand the Bitcoin. If you are going to know every single detail about then this will definitely difficult but as long as you only onto basic then it won't be problem.

Regarding which is the best way to learn it books or online, I would say the online is better the fact that this will be more convenient for everyone. Books could be better as well especially of having factual information and unquestionable credibility unlike online that can be manipulated.
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September 15, 2020, 10:49:23 AM
 #105

As a newbie in crypto, I will also feel that "what is this?" "How do people earn from this?"
If you are not getting right answers means you are not asking right questions. "How do I earn bitcoin?" is an example of wrong question constantly coming from newbies. If you want to know how to earn, try googling "How do I earn dollars?". I bet you will not find something new. Just get a job, after all. The best answer. Bitcoin is just another form of money, nothing else. You don't have to have deep technical knowledge in order to use bitcoin and earn Bitcoin. Bitcoin is pretty easy to use and earn and, at the same time, it is pretty hard to fully comprehend. No one in the world can claim he completely grasped what bitcoin is. You should't worry about your lack of knowledge regarding interdisciplinarity of bitcoin. Just find something that is interesting for you, personally and start your research.

You say it correctly, but there are ways to earn bitcoins that differ from the usual work very much. For example, such a phenomenon as mining will not be familiar to a novice if he has never met it before not in the field of cryptocurrency. Mining is a very good way to earn a few coins, but again it is expensive and you need to understand all the risks
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September 15, 2020, 01:17:39 PM
 #106

It really not that difficult to learn Bitcoin I think if you have the right materials asking the right questions and learning from the right people it makes it quiet easy to understand Bitcoin ... But with the high rise of scam and scammers it makes it difficult to understand and accept Bitcoin
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September 15, 2020, 01:34:17 PM
 #107

As a newbie in crypto, I will also feel that "what is this?" "How do people earn from this?"
If you are not getting right answers means you are not asking right questions. "How do I earn bitcoin?" is an example of wrong question constantly coming from newbies. If you want to know how to earn, try googling "How do I earn dollars?". I bet you will not find something new. Just get a job, after all. The best answer. Bitcoin is just another form of money, nothing else. You don't have to have deep technical knowledge in order to use bitcoin and earn Bitcoin. Bitcoin is pretty easy to use and earn and, at the same time, it is pretty hard to fully comprehend. No one in the world can claim he completely grasped what bitcoin is. You should't worry about your lack of knowledge regarding interdisciplinarity of bitcoin. Just find something that is interesting for you, personally and start your research.

You say it correctly, but there are ways to earn bitcoins that differ from the usual work very much. For example, such a phenomenon as mining will not be familiar to a novice if he has never met it before not in the field of cryptocurrency. Mining is a very good way to earn a few coins, but again it is expensive and you need to understand all the risks

Some people are just interested to earn and hate to study about bitcoin deeply, and most of this guys fail and never comeback since they are victimized by scam schemes around. So if people will just interested to know everything about it for sure many will surpass the technicalities especially with those people who struggle on their start ups.

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September 15, 2020, 02:03:56 PM
 #108

Bitcoin is hard to understand, this has pro's and cons.

BTC attracts a select user base that will really drive innovation pro.

Con, mass adoption will take longer ... until the killer app arrives.

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

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September 15, 2020, 02:21:36 PM
 #109

Not all have that passion and open-minded individual. They often feel doubts and badly influence what they have heard around us, fakes news, scamming/hacking issues. All of these things are already been driving them to hate crypto and keeping them away. That makes them not understand Bitcoin and even have it try because their mind has been blocked already with negative thought.


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September 15, 2020, 03:19:14 PM
Last edit: October 25, 2020, 07:44:30 AM by Swordsoffreedom
 #110

As a newbie in crypto, I will also feel that "what is this?" "How do people earn from this?"
If you are not getting right answers means you are not asking right questions. "How do I earn bitcoin?" is an example of wrong question constantly coming from newbies. If you want to know how to earn, try googling "How do I earn dollars?". I bet you will not find something new. Just get a job, after all. The best answer. Bitcoin is just another form of money, nothing else. You don't have to have deep technical knowledge in order to use bitcoin and earn Bitcoin. Bitcoin is pretty easy to use and earn and, at the same time, it is pretty hard to fully comprehend. No one in the world can claim he completely grasped what bitcoin is. You should't worry about your lack of knowledge regarding interdisciplinarity of bitcoin. Just find something that is interesting for you, personally and start your research.
You say it correctly, but there are ways to earn bitcoins that differ from the usual work very much. For example, such a phenomenon as mining will not be familiar to a novice if he has never met it before not in the field of cryptocurrency. Mining is a very good way to earn a few coins, but again it is expensive and you need to understand all the risks
Some people are just interested to earn and hate to study about bitcoin deeply, and most of this guys fail and never comeback since they are victimized by scam schemes around. So if people will just interested to know everything about it for sure many will surpass the technicalities especially with those people who struggle on their start ups.

If anyone interested to invest in Bitcoin. Firstly, he needs to gain accurate knowledge about Bitcoin.  He needs to know what Bitcoin is. And must have his enough idea about bitcoin scam.. If he has not enough idea about bitcoin scam, then i don't think he can make a profit if he invests in BTC. Because scammers are very talented. Many professional bitcoin users fall into the trap of scammers. So if anyone want to invest in bitcoin then he should learning properly about BTC. .

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September 15, 2020, 03:39:38 PM
 #111

Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.

That's a great idea to make them educate about Bitcoin, but why giving it more pain by printing it in a text book.
There are 100 of articles already present in the internet and if you concentrately read it for few hours then you can easily understand how the Bitcoin, Blockchain and cryptos work.
Moreover if you can't do that also, then just visit the Meta section and Beginners section here in the forum. This will be more than enough to make a Bitcoin graduate.
Hope this somehow helps you OP.

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September 15, 2020, 03:51:51 PM
 #112

I don't think that Bitcoin is difficult to understand when you eager to know about it. There are various sources about Bitcoin on the internet. People can just do a search and reach tons of information. Especially old people are not so curious about Bitcoin but young people are completely the opposite.

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September 15, 2020, 03:57:25 PM
 #113

Bitcoin and the whole industry wasn't difficult to understand at all as long as you are not aiming for in-depth understanding with these token. As long as you were only just on understanding the fundamentals this wouldn't be hard and I think having these are enough for you to survive in this industry. Upon your spending time in this market you will fully understand it eventually. And one more thing having interest on this technology will make it easier to learn.

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September 15, 2020, 06:10:33 PM
 #114

Education for bitcoin or cryptocurrency will really takes time before it can reach to the government but text book will likely to help so the newbies can easily read what they want
to know about bitcoin or cryptocurrencies before they will start their journey to it.

There are many articles that talks about bitcoin or discuss on how to use it but because there are many sources, most of the newbies can't easily get what they want unlike there is a  text book where all the necessary information that newbie needs to know about bitcoin so newbies can just use that textbook.

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September 15, 2020, 09:15:49 PM
 #115

Bitcoin and the whole industry wasn't difficult to understand at all as long as you are not aiming for in-depth understanding with these token. As long as you were only just on understanding the fundamentals this wouldn't be hard and I think having these are enough for you to survive in this industry. Upon your spending time in this market you will fully understand it eventually. And one more thing having interest on this technology will make it easier to learn.
Exactly, it's not even difficult to understand as long as you understand what you are doing. Also, there are a lot of ways to know about it, there are the internet and other sources such as social media or someone you know who are into cryptocurrency. It is just that people who find it hard or difficult to understand doesn't seem to try their best to understand it.
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September 15, 2020, 10:01:14 PM
 #116

Bitcoin will be difficult to understand for those who don't want to learn, read and ask questions about this Bitcoin. 
But for those who are actively studying it, I believe Bitcoin is an easy thing to understand because there is actually a lot of information about Bitcoin. We can learn about Bitcoin on the official Bitcoin website, on other sources of information as well as social media YouTube and others. And on this Bitcointalk forum we can also learn a lot about Bitcoin.
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September 16, 2020, 12:44:33 AM
 #117

Yes it is. It needs a lot of deep understanding and focus to learn everything here in Crypto world. I think there are lots of article and platform that teaches Bitcoin and Blockchain industry in an easy way. Constant research is a big help here, and having a TEXTBOOK is also a nice idea, so it would be more easier to teach it to students in School and they will be aware and learned about crypto currencies earlier.
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September 16, 2020, 01:02:03 AM
 #118

At first, I thought it is hard but as time goes, it is not actually.

If you are really willing to learn what it is, it is not that hard, to be honest. With a lot of people supporting it online, you can find a lot and a wide variety of information on the internet. Either way, if you just wanted to use it it is not that hard but if you wanted to know a lot of things about Bitcoin and other cryptocurrencies as well, you need to read.
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September 16, 2020, 01:19:32 AM
 #119

At first, I thought it is hard but as time goes, it is not actually.

If you are really willing to learn what it is, it is not that hard, to be honest. With a lot of people supporting it online, you can find a lot and a wide variety of information on the internet. Either way, if you just wanted to use it it is not that hard but if you wanted to know a lot of things about Bitcoin and other cryptocurrencies as well, you need to read.
Bitcoin is hard to understand at first and its quite normal. But as time time goes by, if you decided to know every details of how it works, you'll learn further the importance of using it. Nowadays there are many resources to learn and not only by books. If a person is interested then it wont be hard to gather information about bitcoin because its not too complicated.

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Pamadar
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September 16, 2020, 03:06:05 AM
 #120

Cryptocurrency is actually not that difficult, just learn the basics and jump right into the world of crypto. because in my opinion experience is the best teacher.

Take your chance by experiencing the actual system.

You'll be able to find your path when you already experienced everything. There's always ways to understand things inside this industry,
all you have to do is to take your entry and handle the risk, take everything slowly and not to rushed up.
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