Some till don't understand crypto and bitcoin

[Eddyc]

It's difficult to understand because normally people do not read or analyze the whitepaper with its technical information and also do not experience the day to day that we do. However, experience in practice is necessary so that we can focus on life and often the theory doesn't contribute to the true reality. In my opinion it's something that we should reflect on.

[huiji2011]

After all, comparing to Gold,Silver,Stocks,now the cardinal number of crypto world is still too small, there are a few peole have heard about BTC, let alone know BTC what is it.
On the other side, i think investing in BTC is still a gamble, its price is volatile and varies too much, this is the reason why people not in.

[Ridwan Fauzi]

SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?

They will not understand about bitcoin because it is decentralized system. You can't do anything to manage it and to manipulate it, all the system is open source and transparent. They mean crypto currency which has centralized especially ripple that has been make a corporation with some bank and currently they are agree to work together with bank in the US country.

At the current situation it is proper for them to realize that they need crypto currency, especially for payment system and send money tool. Just compare with traditional tool who need more proccess to make one transaction and it is really different with crypto currency which just need a simple way.

[tarable]

Nothing is difficult to understand in crypto, there alot of books to read, lots of sites now posting about cryptocurrency everyday, lots of YouTube videos to watch, so to understand is simple but to believe and start investing is what I can say is hard.

Yes, to understand it is not that difficult, but to start an initial work in crypto is a little more difficult, because it not only requires experience and trust, but also requires more knowledge and capital to be able to manage work properly and correctly.

[CLS63]

I think young people are more curious about Bitcoin and they use Bitcoin more than older people. Being open to new things is very important these days. Because we live inside the technology. Older people are usually not very good on things like these and Bitcoin or other cryptos seem more complex than fiat to them. Because they are accustomed to fiat for many many years.

[magnum cyber]

the existence of crypto currency or altcoin is an alternative investment besides bitcoin. and in my opinion ordinary people will only understand crypto, especially only about Bitcoin. This is my experience before knowing about crypto and not knowing what crypto is. everything started from BITCOIN sources and in the end I started getting to know and find out about Altcoin information.

[Ryushin]

SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?

Why are you letting this to bother you? Do you know how many millionaires that went again crypto few years back? In 2019 everything start changing, people who don't understand crypto will surely underate it until they finally understands what it's all about, what this SoftBank CEO needs is time, he will join crypto train later

[kodtycoon]

the existence of crypto currency or altcoin is an alternative investment besides bitcoin. and in my opinion ordinary people will only understand crypto, especially only about Bitcoin. This is my experience before knowing about crypto and not knowing what crypto is. everything started from BITCOIN sources and in the end I started getting to know and find out about Altcoin information.

hello mate in section on this topic Softbank CEO does not understand crypto, how he can understand bitcoin? majority in this era have gradually understood crypto in all countries but there are those who think crypto is still recognized lacking in some bank. no one can put their will but we are encouraged by a strong community so gradually everyone will understand performance this industry crypto in new civilization of future

[doomloop]

SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?

Did he mention what it is that is difficult to understand in Bitcoin or the area he’s referring to? Using Bitcoin simply for transaction, which is the main reason Satoshi Nakamoto made it, is easy than when you decide to start investing and trading it.

When I was using Bitcoin for transactions I only buy when I need to send money and also when I receive Bitcoin as payment I don’t leave it there, I withdraw it that same minute using peer-to-peer exchanges that are locally available to get the money straight to my bank. There is really nothing hard to know about Bitcoin, just get a good wallet, copy your address and send to the payee or if you’re the one sending the money you ask for their address and copy paste, then send. So what’s hard in it? People just don’t want to use Bitcoin, there’s nothing hard in it.

[AmoreJaz]

SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?

Did he mention what it is that is difficult to understand in Bitcoin or the area he’s referring to? Using Bitcoin simply for transaction, which is the main reason Satoshi Nakamoto made it, is easy than when you decide to start investing and trading it.

When I was using Bitcoin for transactions I only buy when I need to send money and also when I receive Bitcoin as payment I don’t leave it there, I withdraw it that same minute using peer-to-peer exchanges that are locally available to get the money straight to my bank. There is really nothing hard to know about Bitcoin, just get a good wallet, copy your address and send to the payee or if you’re the one sending the money you ask for their address and copy paste, then send. So what’s hard in it? People just don’t want to use Bitcoin, there’s nothing hard in it.

many people find it hard to understand because they dont know where to start with. if they will spend a lil bit of time understanding it and following some basic instructions that you can readily find from the net, it is actually easy. but people are lazy and they want to be spoon feed.
anyway, if theres a will, theres a way, right? so for those serious users that wanted to know about bitcoin or crypto, they can easily do so. there are tons of info from the net that they can start learning from. they dont even need to enroll in a formal course or something. browse the net and bingo! they should be patient reading though.

[Shasha80]

There's no way Masayoshi Son as SoftBank CEO doesn't understand Bitcoin, he just can't accept the existence of Bitcoin.
It is only natural that SoftBank CEO does not support Bitcoin, because banks will never be in line with the decentralized Bitcoin.
I am an ordinary person and have no experience in the world of economics, can understand Bitcoin. Moreover, Masayoshi Son as
SoftBank CEO who has experience in the world of economics and is one of the richest people in Japan must understand Bitcoin,
he just doesn't admit it.

[Distinctin]

When I was first introduced to bitcoin I immediately understood it and immediately learned, it was not difficult for me and very easy ... but most people are very difficult and even afraid to know bitcoin, because the risk is very high.  people who don't want to take risks, those who don't understand bitcoin and don't want to get close to bitcoin.

Honestly, the first time i heard and learned about bitcoin, i find it quite complicated. But i never stop studying crypto and bitcoin until they became clear to me. I guess the CEO don't understand bitcoin because he refuse to do so. He thinks it's hard to understand because it's very risky as an investment. And as a currency, until now it's still not accepted as a payment mode so anyone would find it hard dealing with it. But for us bitcoin enthusiasts, we have understood it because we believe in it.

[NeilLostBitCoin]

I think young people are more curious about Bitcoin and they use Bitcoin more than older people. Being open to new things is very important these days. Because we live inside the technology. Older people are usually not very good on things like these and Bitcoin or other cryptos seem more complex than fiat to them. Because they are accustomed to fiat for many many years.

Well its because a younger people today was a more risk takers and willing to adopt new things. And i bet it is hard to explain what bitcoin is to the older since they are used to the old systems of trading or investmeny. Today the competition to live a good life was so hard and even earning a minimum wages today couldn't supply your daily need or the needs of your family that's why the younger one are the one who explores a lot with the use of technology and that is why also i am here because of my curiousity about crypto and bitcoin.

[lunnatic]

SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?

it's not hard to believe, but Bitcoin needs a higher popularity,
if Bitcoin reaches a new all time high I'm sure a lot of good news will be spread,
and this will make Bitcoin even more recognized by the public.

[Kelvinid]

SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?

There is no such interest as what I saw to that CEO. He heard the word Bitcoin only because people are talking about it but that was a slim chance that it brought to his attention and taken for granted.

a lot of people like this, this is a reason why crypto adotion can't be fully spread globally because of some misconceptions and understanding. We can't push them either, they don't even bother to try or it gives them time to know more about this technology. For out of 100% heard about Bitcoin, maybe only 1% have fully understood it, the rest are in doubts.

[mace15]

We can't force others to understand what truly is bitcoin. I think some doesn't understand its volatility of value in bitcoin. Just lack of education and knowledge that's why others don't understand crypto its useful and how this can benefits to people.

[Sirait]

We can't force others to understand what truly is bitcoin. I think some doesn't understand its volatility of value in bitcoin. Just lack of education and knowledge that's why others don't understand crypto its useful and how this can benefits to people.

^ Many people still don't care or don't want to know more about crypto and Bitcoin, they think Bitcoin is not that interesting. As long as they want to find out more about crypto and Bitcoin then it is not difficult to understand the benefits and risks of crypto.

[BayAngelo]

i think bitcoin is the modern money. just like precious metals where discovered in the 10 to 20 centuries ago and government and institutions used it as a source of value. Also it was traded on platform. Bitcoin is the modern day money but better than Gold ,silver, diamonds and the rest of the precious metals because it is decentralized and can be owned by anyone.

[gurunanakji777]

I would say he has a lack of knowledge about Btc or he is more concerned about the volatile nature of BTC. He might be trusting stable coins rather than other altcoins that daily moves up and down. For me, bitcoin is the most reliable cryptocurrency than other altcoins. Banks will not rely on the volatile currency they will rather choose stable cryptocurrencies because most of the investors or depositors do not risk their money they want to keep their money at minimum risk.

[bunglor]

try to explain it to 5 year old child how to use fiat money and how to use bitcoin and you'll understand that bitcoin is much complex to understand and use rather than our fiat currencies. well for some normal people I think they find it complex and hard to understand.