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Author Topic: Is bitcoin difficult to understand  (Read 4895 times)
oprahwindfury
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October 02, 2020, 03:25:14 PM
Last edit: October 05, 2020, 07:43:27 PM by oprahwindfury
 #221

This is actually a point to disscuss.Simple solution is ,'Bitcoin' and its details are in whitepaper.Another option is here if someone wants to learn a fix part then,several FAQ and answers are here,
https://www.coindesk.com/learn
Learning bitcoin is a very easy task,though a guide or an experienced person can be more helpful if the words were a bit difficult for you.Translator will also be a good thing to make you understand  about bitcoin in some cases.

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worldofcoins
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October 02, 2020, 03:43:45 PM
 #222

With my experience learning it’s quite obvious that it’s a simple concept to understand if you take time learning about it and not rushing the process. We the community make it look like learning about bitcoin is a very hard thing to do and this discourage new users who would had picked interests in the currency. Sending and receiving bitcoin isn’t difficult but the other areas that are very hard to some extent.

Bitcoin is hard to understand for those who don't take an interest in it.
At first, I thought it would be hard but later I started taking interest in bitcoins.
I learn to use bitcoins from YouTube, Blogs, and some other websites.
You just need 3 steps to understand it. First, open a wallet, Second buy bitcoin, and move your all coin into your wallet, the third holds you bitcoin as long as you can.
The more you hold the coins the chances to take benefit.
GeorgeJohn (OP)
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October 03, 2020, 01:00:16 AM
 #223

For transaction and usage, it isn't too hard to understand although it does take some more effort than transacting USD.

As far as the inner workings and protocols I think it becomes much more complex. There are still many details of mining and the blockchain that I don't fully understand, but I understand the general idea of a distributed ledger where you control your private keys.

Having transactions in bitcoin does not mean that you have understand bitcoin properly, because majority in the forum who are extremely good in analysing cryptocurrency especially bitcoin they still learning bitcoin in another measure because
Bitcoin is like school or education, looking at it very you will comprehend that no one is the master of encyclopedia, even professors also research for things them don't know.
Is not that I'm condemning the fact that you don't know the basic concept of btc but notice that bitcoin is broad to study in two months.

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October 03, 2020, 07:28:40 AM
 #224

The world is really changing into digital, bitcoin is popular know across the nation, the better way to explain about bitcoin with out west of time, is to introduce it to a person that is willing to know, and also tell the person to make his research online, to know more. Moreover google engine has made it easy for us to ask many questions and get answers. Buying books we take much time.
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October 03, 2020, 08:47:17 AM
 #225

No, what is hard to explain is blockchain. People cannot understand bitcoin or any other cryptocurrency if they weren't understand blockchain. So if you explain blockchain first and don't mention about bitcoin it would be more understandable.

I don't think we even need to discuss blockchain to them.

There are a lot of people that wanted to invest in cryptocurrencies, more likely Bitcoin since they've seen a lot of people earning from it. If that is the case, what they will be studying is the market, the movements happening and other things to understand how they could take advantage of the movements happening. If you want to understand the technology about it, that is a different discussion.
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October 03, 2020, 11:35:00 AM
 #226

I suppose most people don't really need to know in-depth technical aspects of Bitcoin as I assume knowing its basics might suffice for anyone who wants to try it.

There is a ton of Youtube videos and reference materials that can be found on the net including information from this forum. If anyone is really interested to learn about it then I also think they might find it interesting as long as they have enthusiasm.


I also speculate that many people do not understand the deep meaning of BTC. Even I sometimes have to struggle to understand it. I mostly try to find out on Google. Sometimes I do YouTube or read any content.
In fact, nothing is difficult. It's entirely up to us how we take the matter. If you study a lot on a subject and spend time behind it, it is definitely not difficult to do,

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October 03, 2020, 11:44:32 AM
 #227

Indeed, bitcoin is really difficult to understand for those who are not willing to learn it. For me you need a determination to earn money and on how it works,  you only need time.

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October 03, 2020, 12:47:20 PM
 #228

There are many free courses around the internet that you can enroll in to understand bitcoin. Bitcoin isn't that complex and it depends if you are going into the technical aspects of bitcoin such as blockchain or in the market.

Actually, you can search much info about bitcoin here in bitcointalk.org to understand how do the members define it. If you want a precise understanding, search on the internet or watch some discussion about Bitcoin on YouTube because of some of the mare crypto experts.
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October 03, 2020, 02:16:43 PM
 #229

They want to invest in cryptocurrency because it seems easy money for them, but it's not. Although because of them we ve made a good profit 😅

Well, they thought that it is easy not knowing that it is not just buying in dip and selling at high, there are a lot of things they needed to understand and explore as a user and an investor. Still, it is easier for them to understand what bitcoin and crypto currencies are if they know that people are earning profits from it especially nowadays that people wanted to earn money in their houses.

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October 03, 2020, 02:32:35 PM
 #230

There are many ways to understand or to learn bitcoin, there are already many books about it, there is also much news you can read online, an article and forums like this. Among those ways to learn crypto, you may recommend him to join this forum so it would help them to understand more about cryptocurrency. There is much useful information here that talks about cryptocurrency. You may also use google for the things you want to learn about cryptocurrency. Learning about it is not an easy thing because it is really broad, just expect that it would take so much time.
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October 03, 2020, 03:10:49 PM
Last edit: October 11, 2020, 08:35:09 PM by chikading2016
 #231

It is more easy to understand bitcoin today you can simply used google to search or know more about it. You can also watch advertisement or vedio about bitcoin and how does it works, so to those who are really interested on it they can understand it in a very simple way.

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October 03, 2020, 04:09:07 PM
 #232

I think lot of people have working is only for good  earnings. I can say we have worried about any type of work,for example learning the bicycle. Many different types of problem create.but we should be aware and take interest & make good knowledge about btc.then we covered the prblems will be create in future. It's my opinion.

If you have an interest in bitcoin then you'll learn in a second. Some people don't want to understand it due to the bad reputation of bitcoins and cryptocurrency.
The government never gonna waste their time promoting bitcoins and cryptocurrencies.
It's not difficult to learn the cryptocurrencies filed, just a basic knowledge can help you earn a profit.
There are many articles and YouTube video available newbies can learn from their too.
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October 03, 2020, 05:08:10 PM
Last edit: October 03, 2020, 06:28:44 PM by kolbalish
 #233

Each person's mastery to capture is different. Bitcoin is difficult for some and it is very easy for others. The more time it takes to get to know Bitcoin, the easier it will be for him. So we should give time to understand bitcoin properly.

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October 03, 2020, 05:54:05 PM
 #234

Each person's mastery to capture is different. Bitcoin is difficult for some and it is very easy for others. The more time it takes to get to know Bitcoin, the easier it will be for him. So we should give time to bitcoin.

Actually any one can study btc with interest or focused  because I do actualised, yeah it's obvious that btc can be difficult to someone to understand and also easier to any other person to understand based on individuals difference, from my perspective l realized that not everyone that have the momentum or the ability to study btc, its based on attention and also interest of user

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October 03, 2020, 05:59:06 PM
 #235

Each person's mastery to capture is different. Bitcoin is difficult for some and it is very easy for others. The more time it takes to get to know Bitcoin, the easier it will be for him. So we should give time to bitcoin.

Actually any one can study btc with interest or focused  because I do actualised, yeah it's obvious that btc can be difficult to someone to understand and also easier to any other person to understand based on individuals difference, from my perspective l realized that not everyone that have the momentum or the ability to study btc, its based on attention and also interest of user

Yes, it's based on interest but it also depends on some basic knowledge about technologies that one has or doesn't have. To be able to understand it easily it would be necessary to know some facts about information technologies and internet. It's also important to find some reliable source that explains Bitcoin on clear and easy to understand way without to much complicated expert words.

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October 04, 2020, 11:12:50 AM
 #236

very good bitcoin is not difficult to understand but it can be difficult to understand if you explain it hard
I usually introduce bitcoin like this, bitcoin is a digital asset such as a balance in an account that has no physical value but has a built-in value with a decentralized blockchain system
once I say that 90% of people understand the rest are just curious more about blockchains

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October 04, 2020, 11:19:50 AM
 #237

It will depend upon the person who is teaching or making understand them about it. Each person knowledge is different, and field varies so understand may be different and to grasp it may take time. But it’s not something rocket science like cannot be understood. It may require efforts from people's end as well to know more and study about it.

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October 05, 2020, 09:51:29 PM
 #238

It will depend upon the person who is teaching or making understand them about it. Each person knowledge is different, and field varies so understand may be different and to grasp it may take time. But it’s not something rocket science like cannot be understood. It may require efforts from people's end as well to know more and study about it.

Irrespective the level of the tutor or who ever wants to understand the concept of bitcoin will understand it perfectly without no obstructions,it's based on a personal interest, engagement and determination.

Bitcoin is difficult to understand based on Lack's of attention and research for vital information's concerning bitcoin, its difficult for someone who don't know anything concerning it,and it will very difficult to comprehend.



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October 08, 2020, 03:55:07 PM
 #239

it is very difficult for newbie to understand what bitcoin is it ,because his ability to earn a lot especially to buying investors bitcoin and it will return a huge ,bitcoin is now one of the top currency all over the world and you need really hardwork to understand of bitcoin

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October 08, 2020, 04:10:02 PM
 #240

It differs from the degree of interest. If one is interested in cryptocurrency very deeply then a textbook is comprehensive and detailed enough for it. But if one is interested in the basics, then I guess resources such as https://bitcoin.org/ may be enough, with the help of articles, podcasts, videos, and so on.
Well said, it depends on the interest of the person, if he or she really wants to learn something then it would be easy for them to understand the basics of it. The example you want to learn cryptocurrency and you are really interested in it so basically you will do things that will help you to understand it more, like searching it on google and reading books related to it but if you don't care about it at all then you can learn this thing as well.
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