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Author Topic: Is bitcoin difficult to understand  (Read 4895 times)
coupable
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April 22, 2021, 10:01:54 PM
 #361

Another reason is that people could easily fall prey to scammers. So, unless these people have some one close to learn from it would be difficult.
Another great factor that leads people to fall into scams, is when they haven't someone close to learn from it, they also haven't the ability to make a web search and look for trusted docs/references to learn from. Most of them, at better cases, follow videos in youtube and as we all know youtube isn't a reliable source .
To resume, bitcoin is not easy to be understood by everybody but it's also not that difficult to get familiar with .
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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April 22, 2021, 10:07:00 PM
 #362

In its earliest days, it was almost impossible for ordinary peoples to understand and use bitcoin. Nowadays, it's easy to use, however, it's still difficult to understand the technology itself. At the same time, i think it's not necessary for people to understand the code behind bitcoin in order to use it .
I agree. For normal people, Bitcoin can be difficult to understand despite all of the information out there. In fact what makes it difficult is because there are too many resources (some not legit) and it will be difficult to choose those that are legit.

Another reason is that people could easily fall prey to scammers. So, unless these people have some one close to learn from it would be difficult.
Not really that difficult because if you do just simply tell about the basics about payment system it isnt really that hard to understand even explaining it on a highschooler
would really be enough for them to gets on what that certain person is explaining about bitcoin but well you are definitely right that not all would really be that able to
cope up easily no matter how you do explain to them even with the basics.Its understandable that it would be more harder if you do explain about technicality
even myself do still have some things that doesnt able to know behind.

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April 22, 2021, 11:26:24 PM
 #363

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.
I did not understand your words clearly.  But as far as I understand you might want to say how can people know about bitcoin?  And how to give people the knowledge of Bitcoin.  My advice here would be, if you really want to know better about Bitcoin then you have to spend a lot more time on the internet.  You can go to different cryptocurrency sites and read their best articles.  There are many books available on cryptocurrency today from which you can get a good idea.  You can read this book "The Internet of Money"
cydrix
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April 23, 2021, 12:16:21 AM
 #364

No it isn't difficult to understand if it's just sending money and receiving it you it's just like your typical currency but with a twist it has your security and anonymity at the same time. Mesning your money is safe as long as you keep your private keys or account privately. You can also track your transactions in the web just search it. There are also so many exchange where you can buy your coins and you can just hold it for the meantime and sell if you profited or you need money or something. In speculating the price of it that where it kinds of get difficult because it's so volatile that it can rose exponentially or lose rapidly up to your choice mate.
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April 23, 2021, 01:51:25 PM
 #365

Isn't there a book crypto for dummies, or something like that?

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April 23, 2021, 06:07:11 PM
Last edit: April 28, 2021, 07:53:03 AM by blackened515
 #366

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 as difficult as we thinks. Is usually difficult the first time one get into it, because we get to learn new things, hear new words. So it can lightly be difficult but as time goes on, you understand it more. All that is require of you is total submission and dedication toward it. With this, is won't be difficult.

Nevertheless, you can't basically understand all  aspect of it, just focus on the important ones. For example, buying and selling of bitcoin.



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raji1995naya
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May 15, 2021, 08:32:30 PM
 #367

It's tough if we aren't careful while examining the chart; also, many people are just learning cryptocurrency and are studying it right away, which makes it harder because they aren't yet seasoned and don't know much about bitcoin. However, after we have begun to truly understand bitcoin by understanding how coins function and how charts function, it will be incredibly simple to operate.
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May 16, 2021, 03:31:18 AM
 #368

I believe, anyone making a decent effort into understanding Bitcoin and the technology around it can understand and grasp it if he or she is willing to let go of conventional notions of how finance itself is meant to be.
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May 29, 2021, 03:14:03 AM
 #369

In my opinion, most of the things are not difficult, just to see if you go to the heart to understand and learn.

If you are interested in BTC and cryptocurrency, you will know what BTC stands for after a period of time; On the contrary, if you are not interested and don't understand, it is obscure to you.

I like BTC. It's not just a part of income. It's also indispensable like water.
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May 29, 2021, 03:29:15 AM
 #370

Learning about bitcoin and the entire crypto currencies shouldn't be a difficult thing. You can always get materials like free and paid pdf online inwhich you can read.
You're right but the mathematical aspect of the mining and in-depth knowledge of cryptocurrency without having some knowledge in coding or cryptograph is very difficult to understand and I believe this is what the OP is trying to point out.
You can learn a lot about crypto by analyzing the market properly it will be more effective to visit the forum sites online. Here is a lot of information about bitcoin in a beautiful way you need to know about crypto first you have to follow the charts to understand the difference between its currencies many people can also learn about bitcoin by watching videos on youtube. There is no problem here it will depend on your skills.
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May 29, 2021, 05:23:10 AM
 #371

everyone is interested in crypto because in crypto there are many people who make big profits, so everyone is interested in plunging into the world of crypto. For beginners I don't think it's difficult to understand crypto because now on Google there is a lot of discussion material about crypto as long as don't be lazy to read and follow crypto developments so you will quickly understand about crypto.
Joshua01
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May 29, 2021, 06:42:20 AM
 #372

Have you heard of Bitcoin?

If the answer is yes, then you are really lucky. If someone around you knows a little bit of Bitcoin, then you can ask him if he has the time and is willing to talk to you.

Many people don't understand Bitcoin and feel that it is too fictitious and seems worthless. This is wishful thinking. If you don’t understand and don’t want to understand, it doesn’t mean it is worthless.

The reason you can't understand it is because it is completely different from what you have known before.
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May 29, 2021, 09:36:16 AM
 #373

Yes. But if we try to understand it using past it will not difficult. Many newbies just come and trade crypto currencies including bitcoin. But it is not the right way. first we have to learn it properly.
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May 29, 2021, 12:28:32 PM
 #374

If you are starting, don't try to take all the knowledge all at ones because there will be an information overload which is going to make the understanding of bitcoin much more difficult since you aren't concentrating on one subject which leads to confusion.
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May 29, 2021, 01:55:00 PM
 #375

If you are starting, don't try to take all the knowledge all at ones because there will be an information overload which is going to make the understanding of bitcoin much more difficult since you aren't concentrating on one subject which leads to confusion.
Thank you for your input, buddy, maybe at first it will feel difficult, because we are new to bitcoin, but if we keep trying to learn all of that I am sure it will be easy even though there are many obstacles and obstacles, but if we are serious we can ,, I think seniors will definitely guide us through hard times ..
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May 29, 2021, 05:02:13 PM
 #376

It isn't hard to understand at all they just need time to study it but knowing how to use it only takes a couple of minutes at all (Send, Receive,Buy and even Sell).
To be honest I only know little about it,
Max supply cap, how to use it, How does the price determined (Supply and demand), It is all that I need to know to use it so I didn't dig any deeper since I am not really tech savvy kind of person.

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May 29, 2021, 05:52:18 PM
 #377

It isn't hard to understand at all they just need time to study it but knowing how to use it only takes a couple of minutes at all (Send, Receive,Buy and even Sell).
To be honest I only know little about it,
Max supply cap, how to use it, How does the price determined (Supply and demand), It is all that I need to know to use it so I didn't dig any deeper since I am not really tech savvy kind of person.
Even  a gradeschooler or in highschool students on where understanding bitcoin wouldnt really be that difficult and some mix up with your own common sense then you can eventually learn on what is all about.
It is just there are really some people who arent really that serious on learning up things which would causes for them to lose up the opportunity that it could possibly give.
Bitcoin isnt really hard to understand because understanding the basics on how decentralized payment works then you do know on whats the overall concept.
If you do want to learn then you should at least consider on doing your homework.

R


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May 29, 2021, 06:22:32 PM
 #378

Well, these are usually the most difficult parts of Bitcoin that you need to explain to somebody new to Bitcoin.
Of course there are the technical aspects that are hundreds of times more difficult to understand than this simple resume, but then you need to study programming, cryptography, economy and probably some politics as well.
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May 30, 2021, 01:46:01 AM
 #379

I don't think it's difficult to understand bitcoin rather it's a different type of understanding. If you spend some time, you can grab the core concepts of bitcoin and other cryptos. There are tons of videos about crypto on YouTube where one can easily learn n get started with bitcoin.
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May 30, 2021, 06:37:45 AM
 #380

Bitcoin can seem to be difficult the first time you gets into it. For example, when I first got into the cryptocurrency world, if wasn't that easy for me to understand some things. But, I did my research on Bitcoin, reading articles about Bitcoin and other cryto. YouTube videos about Bitcoin and other cryptocurrency also helped me a lot.
Nevertheless, when you get into the Cryptocurrency community, you start to understand it bit by bit.
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