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Author Topic: Is bitcoin difficult to understand  (Read 4894 times)
XCANA
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April 08, 2021, 04:53:17 PM
 #321

If you don’t know about bitcoin, you can understand it by looking article book.I Think so it should be learned by educated person who know the better English.First you need to know waht is bitcoin and why it’s valuable.
Not like there difficulties in this Bitcoin of a thing but the terminologies are the most confusing among the system. I have taught many bout this technology but seem difficult to them and not be able to cope with the technology whle some can learn the teaches more faster than others. Although this is a gradual process as even the experts still learning the technology.

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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April 08, 2021, 09:19:14 PM
 #322

Bitcoin has a little bit of complexity based on the techy algorithm and all that goes with it. People who are tech savvy don't really have issues with Bitcoin and its related operations. But if one must involve himself then one should be properly informed.

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.

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April 08, 2021, 09:42:27 PM
 #323

It is not easy to understand Bitcoin, because there are so many technological terms that are difficult for ordinary people to understand.
Therefore, education is needed from the start, I support it if cryptocurrency starts to be made into a subject in schools. In order for more
people to really understand about Bitcoin, now most people only care about how to get money from Bitcoin. Without first understanding Bitcoin,
this is why it's so easy for people to say Bitcoin scams when that person loses money when investing in Bitcoin.

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Twentyonepaylots
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April 08, 2021, 10:15:29 PM
 #324

For those who have little knowledge about the workings of the internet or computers, then understanding bitcoin would seem as a Herculean task, but for the average joe that probably had a supercomputer in his pocket and a desktop on his room, bitcoin would be easy to understand. One doesn't need to know the inner workings behind it as it is something you can't expect to be basic. Just the regular and easy to catch info about bitcoin is more than enough to educate people about bitcoin.
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April 09, 2021, 07:34:18 AM
 #325

As bitcoin is a modern electric currency of the new era that's why generally it's a little bit complicated to understand for in general people. But if you will proper study about this topic then ultimately anyone would be experienced. Here are the bitcoin and cryptocurrencies online courses free of cost.
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April 09, 2021, 09:12:52 AM
 #326

It is not easy to understand Bitcoin, because there are so many technological terms that are difficult for ordinary people to understand.
Therefore, education is needed from the start, I support it if cryptocurrency starts to be made into a subject in schools. In order for more
people to really understand about Bitcoin, now most people only care about how to get money from Bitcoin. Without first understanding Bitcoin,
this is why it's so easy for people to say Bitcoin scams when that person loses money when investing in Bitcoin.
People don't need to understand the technical side of bitcoin, coz even most of the people on this forum doesn't know more in technicalities of bitcoin and cryptocurrency.

Understanding the basics such as why bitcoin was created, how sending/receiving bitcoin works, how important saving/have a backup of their seed, the differences of non-custodial/custodial wallet is enough for average person to start bitcoin/crypto. While learning more is much better ofc.
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April 11, 2021, 08:31:37 PM
 #327

For those who have little knowledge about the workings of the internet or computers, then understanding bitcoin would seem as a Herculean task, but for the average joe that probably had a supercomputer in his pocket and a desktop on his room, bitcoin would be easy to understand. One doesn't need to know the inner workings behind it as it is something you can't expect to be basic. Just the regular and easy to catch info about bitcoin is more than enough to educate people about bitcoin.
It's not required to understand the technical side of bitcoin but if you really want to assess the legitimacy of this altcoin, you should research more about it. Most of us don't know how does it work and the protocols but it's fine as long as they trust and know how to make a profit from this.

But IMO, I really think that bitcoin and its technical side is pretty easy to understand since most of the information can be gathered through the internet and there are a bunch of explanations on YouTube we can watch. There are also easy ways to teach a person with a simple analogy in order to define what it is.
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April 11, 2021, 11:51:36 PM
 #328

Bitcoin and blockchain technology has been broken down to the level that a lay man can understand. Moreover, there are a lot of information both in text and graphics that makes understanding blockchain technology easier than can be imagined
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April 12, 2021, 04:11:17 AM
 #329

Though Bitcoin is quite complicated and yes it is not easy to understand specially those who are new to this kind of system, and its also hard to explained to those whoa re not used to it either but for those who are really interested and have the patient to dig in to study more about it soon they will understand it, they will get the information they needed and can get along with other things related to it. I Believe there are many site to go to if you really want to know about bitcoin.

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April 12, 2021, 05:07:05 AM
Last edit: April 12, 2021, 05:20:23 AM by ropyu1978
 #330

everything will be difficult if we want to learn and understand what we want to learn. but if we want to learn, God willing, everything will be easy. Likewise, we learn bitcoin sooner or later we can. As long as there is a will there is a way. especially now. already assisted with technology. God willing, the difficult will feel easy.
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April 12, 2021, 06:24:12 AM
 #331

Is true that Bitcoin is very difficult to understand without learning the primary things that's involves in Bitcoin, myself since I joined the forum last year I have been trying severally to understand Bitcoin scenario but I find it difficult just of recent i understand the basic things of Bitcoin, what I know is that to understand bitcoin very simple is with the help of bitcointalk community, and we can study Bitcoin very well.

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April 12, 2021, 06:41:47 AM
 #332

There are a lot of worthy books for those people who want to understand Bitcoin like "Mastering Bitcoin", "Cryptocurrency" and "Bitcoin From Beginner to Expert".
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April 12, 2021, 08:29:30 AM
 #333

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.
Bitcoin really does not understand, because this is its concept of creation in my opinion, it has more questions than answers. Everyone is attracted by this, his secret of the creator and in general his origin, what can I say about the creator, whom no one has seen.
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April 12, 2021, 08:56:45 AM
 #334

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.
Bitcoin is not really confusing. If you are passionate about and want to invest in bitoin, you will have a lot of ways to learn. You can read specialized electronic books. Or learn through media, social networks. You can learn from people who have joined Bitcoin. Their very valuable sharing that are real things they have experienced. I appreciate those experiences. Learn carefully before entering the electronic money market. Large profits but great risks.

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April 12, 2021, 09:02:34 AM
 #335

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.
Bitcoin is not really confusing. If you are passionate about and want to invest in bitoin,
It is not about passion but instead this is about knowledge and understanding.
Quote
you will have a lot of ways to learn. You can read specialized electronic books. Or learn through media, social networks.
Yeah that's great advise , Social media is open more now and almost everything that we wanted to know is there, but of course there are still bad elements that we must prevent to engage.
Quote
You can learn from people who have joined Bitcoin. Their very valuable sharing that are real things they have experienced. I appreciate those experiences. Learn carefully before entering the electronic money market. Large profits but great risks.

Lol This forum is the best teacher , Ask everything here and check for the correct and best answers.









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April 15, 2021, 12:22:52 PM
 #336

You are living in a modern technology meeting 4.0 so I find out about Bitcoin very easily. You can search on social networks There are many articles about Bitcoin to choose from. Or you can buy a book about Bitcoin in any bookstore. Or you can chat with someone who knows about Bitcoin they will convey your knowledge. Learn Bitcoin to invest in enrichment. What do you think about this issue?
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April 15, 2021, 12:44:08 PM
 #337

Hello everybody. There is no particular secret here - a purely technical understanding is available mainly to programmers, but mostly people in this cryptocurrency market are interested in the financial component of understanding Bitcoin. It is clear that without basic knowledge of cryptocurrency, you will not earn much even on speculation, but you can always get answers to the main points and questions on this forum. The road is mastered by a pedestrian - to understand, you need to make at least some effort. I am not a professional trader, but I even understand that the bitcoin price chart moves mainly according to a certain algorithm. It is clear that it is impossible to know everything, otherwise everyone here would be millionaires. I also believe that in bitcoin trading 80 percent - stress tolerance and psychology are important, even if you are a PhD in math, there will be no success in cryptocurrency without constant endurance.
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April 15, 2021, 12:58:37 PM
 #338

Nothing is too difficult if you really want to learn about something. I was a little scared when i purchased BTC first time but then i learned a lot about it and glad that I did it.
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April 15, 2021, 01:18:03 PM
 #339

there are many ways to explore knowledge about bitcoin, now it is sophisticated, open Google, there must be a lot of discussion about bitcoin as long as there is a will, I am sure it is fast to find out bitcoin.

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April 15, 2021, 04:03:16 PM
 #340

there are many ways to explore knowledge about bitcoin, now it is sophisticated, open Google, there must be a lot of discussion about bitcoin as long as there is a will, I am sure it is fast to find out bitcoin.
Actually it needs to work through bitcoin. Bitcoin isn't a complected thing. Anyone can gather knowledge about bitcoin and other crypto currency. By born, people don't learn everything. We have to understand by familiar with it.
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