Some till don't understand crypto and bitcoin

[awakpane]

In my opinion, Bitcoin is the first crypto asset and is the most valuable in the world. This shows that Bitcoin's design is optimized to be extremely safe and easy to use, befitting its role as digital gold. if we compare it with other cryptos, Bitcoin is not difficult to understand, on the contrary, among many other cryptos, the only bitcoin is easy to understand

[bosede1]

I learnt about the crypto world in 2017 and before I could get along or understand how it operates it took a while. Sometimes when I explained to people here in my country what is bitcoin they really didn't get how it really works. Bitcoin is a cryptocurrency, and I think the first thing I learnt about or come across was Bitcoin.

[Anish02]

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 to find bitcoin hard to understand? What's your thought on this?

I still don't understand how could people with such a higher position do such foolish statements. So there is no point remain to listen to his statement. They don't have to talk unless they have fully understood the concept otherwise you will responsible for making fun of yourself. That's the example of how half knowledge is harmful.

[sort_cirkit]

That's the example of how half knowledge is harmful.

They do not have enough knowledge about Bitcoin. They keep their eyes closed even after the reality comes in front of them. Bitcoin is not difficult to understand. They do not want to understand the result makes the matter complicated. However, due to lack of connection with the Internet, Bitcoin remains unknown.

[DabsPoorVersion]

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 to find bitcoin hard to understand? What's your thought on this?

I still don't understand how could people with such a higher position do such foolish statements. So there is no point remain to listen to his statement. They don't have to talk unless they have fully understood the concept otherwise you will responsible for making fun of yourself. That's the example of how half knowledge is harmful.

There are many reasons why people like this say such things,

But what I can see is he is just using bitcoin to gather people. He is using the current trend in bitcoin even without understanding it. That's why they find it hard because they don't even want to understand it, he just want to attract people that is interested in bitcoin.

[DarkDays]

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.

Majority of people don't truly understand the value of BTC and the effect it will have on their finance in the future. I believe this is true negligence on their part. The lack of knowledge will put them at a massive disadvantage and I'm afraid that even when they realise it they'd think it is too late and still won't bother learning. It is sad but in today's society unfortunately it's the truth.

[Ayapp]

Cryptocurrency is nothing without bitcoin, cryptocurrency is of Bitcoins and altcoins, but the main engine that drives this big cryptocurrency is the bitcoin. I think to invest you will have to believe in bitcoin and understand how it works.

[sayaya17]

It only takes time for the CEO of SoftBank to understand bitcoin. But to understand bitcoin is not enough just to read and listen to other people’s explanations,
this is not enough. But it takes action to the market to trade and understand bitcoin being volatile.
Like an actor/actress, he has to beg the streets to get the character of a beggar in the role. So he understands the character well.
And the CEO of SoftBank will understand that without bitcoin there would be no crypto, which has given birth to many other cryptos.

[Banulit]

Its a matter of deeper research in order to understand something that you wanted to know, and with that I think the CEO of softbank must try to have a digger researching in order for him to understand the importance and benefits of bitcoin in the crypto-world and crypto-community. Also, it is not enough to just look at the day to day news regarding bitcoin for you to understand it well, you really must have the root and basic knowledge on it to fully comprehend bitcoin.

[BTCappu]

We just have to accept the fact that there will always be people who will not understand crypto fully, they will continue to exist for a very long time.

There is a great douglas adams quote that says "in technology peoples approach are the same, whatever existed when you were born were the natural order of things, whatever comes up between your age of 15-35 will be exciting and new career opportunity, whatever new after you are 35 is against natural order" and that's what I believe.

Nowadays that 35 is probably closer to 50 because tech improves very fast but I still think people approach things still the same. There are still people who do not know how to use mobile phones, not even saying smart phones, literally mobile phones that were first invented, the really old 20 year old versions.

[sapnu]

We just have to accept the fact that there will always be people who will not understand crypto fully, they will continue to exist for a very long time.

There is a great douglas adams quote that says "in technology peoples approach are the same, whatever existed when you were born were the natural order of things, whatever comes up between your age of 15-35 will be exciting and new career opportunity, whatever new after you are 35 is against natural order" and that's what I believe.

Nowadays that 35 is probably closer to 50 because tech improves very fast but I still think people approach things still the same. There are still people who do not know how to use mobile phones, not even saying smart phones, literally mobile phones that were first invented, the really old 20 year old versions.

Ignorance cannot be avoided when it comes to the knowledge of bitcoin and cryptocurrencies. Even how much we tell others about it each day it wouldn't be enough still. Not everyone has an interest upon learning what is it and what it does that's why even others heard about clear and vivid informations about, they still choose to ignore it. Sooner or later, people will realize what they miss out and as the use of it spread all over the world, they will have no choice but to pay attention and learn about it. In the near future, technology will continue to advance and we will all witness how essential the knowledge on bitcoin and cryptocurrency is.

[jossiel]

Cryptocurrency is nothing without bitcoin, cryptocurrency is of Bitcoins and altcoins, but the main engine that drives this big cryptocurrency is the bitcoin. I think to invest you will have to believe in bitcoin and understand how it works.

You can't give this kind of advice to these huge financial companies. They're known with their craft and in this business, they know that whoever comes first will make it. There could be a hidden treasure that they don't want to say out of bitcoin and that's why statement like this if it's coming from them, should be taken with a grain of salt.

See the latest profit they've made.

SoftBank Vision Fund turns $680 million DoorDash investment into $11.5 billion based on Wednesday’s opening price

[Sled]

It is probably they hear about Bitcoin but normally, they always brag by some people says it was a scam thing, and ignore. I don't think we need to give them realization just to open their mind and change it because I'd preferred for them to make their own discovery and appreciate crypto by themselves.
It is really hard to make people understand Bitcoin if they are not an open-minded person, probably a waste of time. What we are doing and what a huge development happening around could be enough for them to reconsider.

[Benefactor]

As indicated by all the laws of their calling, bitcoin shouldn't have any worth, which obviously isn't accurate, so they're scratching their heads as they see the additions that speculators have from digital currencies. I accept that is the thing that the CEO is alluding to yet he actually does not have the genuine presence of Bitcoin that is the reason he is befuddled, the motivation behind why Avalanche venture grabbed my eye was a result of the group presence before bitcoin was delivered by Nakamoto.

[fia_naila]

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?

Crypto has been used for password hashing, bitcoin is not hard to understand the tech, it is like torrent download which is running peer to peer, maybe softbank hard to understand, why bitcoin have a value and it is not small value inside bitcoin network now. Itbis above 300billion dollar.
Maybe they still think that fiat is backed by gold while bitcoin have no backed by anything.

[bearexin]

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 depends on how you put it out for people. But for me I don’t think that there is anything hard in understanding about Bitcoin. I have been able to teach a lot of people about Bitcoin and those I teach about it, majority of them starts making use of cryptocurrency that same day, they will install the wallet, buy and sell easily and also do transactions.

I first tell them that it is a payment method and is mainly used for cross border transactions, and then I help them install a wallet and teach them where and how to send, and the next I teach them about receiving funds through cryptocurrency.

[jaberwock]

It is true and very possible that many do not understand what crypto currency is all about as well as bitcoin too; and this does not mean anything because not everyone will accept bitcoin and crypto currency in my own opinion; just as we have people who refuses to register a bank account; so will we have peeps uninterested in crypto currency.

You’re not the only one saying this, I can’t tell how many times I have said to people that not everyone is going to accept cryptocurrency. I know a lot of people that fully understands cryptocurrency but they still have no single interest in it. When I talk cryptocurrency with them they admit that cryptocurrency is a really good advancement in technology, but it’s just not their thing. There are people that are not making use of banks just like there are those that are not interested in making use of cryptocurrency. Just that they are not using it doesn’t mean that they are not understanding it.

[oprahwindfury]

I heard about the bitcoin and then learn about then crypto currency and here are a lot like me who came into crypto  world like that.Bitcoin is a digital currency and  this is not that hard to understand and in the whitepaper of bitcoin everything is clearly written there.

[Wahyuihib]

To be able to understand about bitcoin and crypto currency, you need to learn and understand properly before we decide to invest. because if we lack understanding and choose the wrong crypto currency for our investment, it is very high risk later.

[Ghondronk]

Simply "Cryptography" is the underlying technology and BitCoin is the end product. In fact, Bitcoin uses public-key cryptography. Since it is a currency which uses cryptography, we call it a cryptocurrency. The main difference between fiat currency and cryptocurrency is that, one is tangible and the other one is not.