Bitcoin isn't that Complex after all.

[AprilioMP]

So, if I may ask a general question, what exactly do you understand about Bitcoin and you satisfied with what you already know?.

Not satisfied and still trying to understand more things that I don't know about Bitcoin.
So far I have understood a small part of all the advantages of Bitcoin, but I already feel happy because Bitcoin has helped me a lot in terms of the economy.
Just having the knowledge of how to store, send and receive in a transaction, that's not enough for me.
Honestly, I still can't fully master the entire contents of the Bitcoin whitepaper even though I am not a Bitcoin owner who runs Bitcoin as a currency system because of the rules that prohibit me from using Bitcoin as a legal currency.

[SuperBitMan]

We don't have to learn everything about Bitcoin to be able to appreciate it. For the larger part of the population, it's enough that they know the basics. If they know how to make use of Bitcoin, to take advantage of its features, they're good to go. We don't even have to thoroughly understand the language in which Bitcoin is written to find its beauty and purpose. That's the same rule that applies to almost everything else, even nature, even life itself.

You are right, what we should bother ourselves when it concerns Bitcoin is those things that benefit us in Bitcoin which is investing into bitcoin by accumulating and holding, as a newbie into bitcoin investment what you should worry about his knowing the basic things about Bitcoin after doing that the next is for you to start investing and that is by accumulating and holding Bitcoin for long term, so just like you said one should be more interested in knowing the basic things about Bitcoin especially things that will help us so we really don't need to know everything about Bitcoin, the basic things are okay for us to know as long as it will be helpful to us, you can still decide to expand your knowledge more about Bitcoin as time goes on but the the basic things and start benefitting.

[Different patterns]

So, if I may ask a general question, what exactly do you understand about Bitcoin and you satisfied with what you already know?.

I do not just see Bitcoin as a number that just moving up and down. It’s a digital system that nobody controls  not even banks, not governments. Everything runs on the blockchain, where people verifies transactions instead of one authority or wait for no one. I feel like I understand Bitcoin well, but the more you learn, the more you realize there is still a lot to uncover. So I won’t claim I know everything, but I realized enough to understand why it matters and why people believe in it. Because When currency loses value because too much is printed, but Bitcoin becomes more attractive as a store of value, People believe that as the world prints more money, Bitcoin becomes more useful.

[albon]

Everyone who used to feel that Bitcoin was complicated, and that was what prevented them from entering the crypto sector, when they learned and knew more about Bitcoin, everything became easy for them.

Bitcoin becomes simple for anyone who tries to learn it, understand the basics of how it works, and become familiar with the common terms in this space.

I advise anyone who feels that Bitcoin is complicated to watch documentaries about it and spend time gaining knowledge. Ignorance is what makes anyone think it is complex just because they haven't tried or learned. But once someone enters the field with the intention to learn, read, and invest, they will realize they were mistaken.. It is not important to know everything at the beginning of your journey in this field, but try to learn and read something new every day that you did not know before, and one day you will become knowledgeable about everything.

[uche6215]

Guy don't condemn those who are saying it is complexity because it is not easy to understand something that you have not study in your school days and university days. And everyone has their IQ of understanding things, and if they say that, Bitcoin is too complex, depends on the angle they looking at it. Many Legendary Members in this forum don't understand many things in bitcoin so those passerbys ( passive hearers of bitcoin) who is saying that,  have their own reasons. And one thing to know is that, they don't have interest to know bitcoin so everything about Bitcoin foe them is difficult.

[Ziskinberg]

Bitcoin will always be known complex for those who have no intention to gain clear understanding of bitcoin and how it can easily function as a currency like fiat. However, for those who have been eyeing to learn about bitcoin, get to know how one can possibly buy and hold, or spend it like fiat, in the end they will find it more convenient and safe to use compared to bringing fiat everywhere you go, your funds will only be prone to stealing.

Bitcoin is just complex at the beginning, but if you take the time to learn about it, it turned out to be fast and efficient to use.

[Patikno]

So, if I may ask a general question, what exactly do you understand about Bitcoin and you satisfied with what you already know?.

Personally, I will never be satisfied with what I already know, especially about Bitcoin. I may know the basics of the monetary or technological aspects of Bitcoin, but that doesn't mean I understand the complex aspects, let alone trying to explain them technically; it is very complicated. However, we should really appreciate Bitcoin, which means it has made it easy for us to use it for anything, without having to learn the complex aspects, especially the technology. Back to your last question, I feel personally that I still need to learn more about Bitcoin, because I believe it will be useful someday, especially if Bitcoin adoption occurs globally in almost all countries.

[khaled0111]

Guy don't condemn those who are saying it is complexity because it is not easy to understand something that you have not study in your school days and university days. And everyone has their IQ of understanding things, and if they say that, Bitcoin is too complex, depends on the angle they looking at it. Many Legendary Members in this forum don't understand many things in bitcoin so those passerbys ( passive hearers of bitcoin) who is saying that,  have their own reasons. And one thing to know is that, they don't have interest to know bitcoin so everything about Bitcoin foe them is difficult.

I agree with you that many legendary members don’t know much about how bitcoin works or even what a blockchain is (I know many if them), but they certainly know how to create a wallet, keep it safe and how to send and receive bitcoins. This is all they really need to know and they are actually doing very well. So please, don’t overcomplicate things. If you are only interested in sending and receiving bitcoins (using bitcoin as a peer to peer payment system and that’s what it was designed for) then the above is all you need to understand.

[Sanitough]

Bitcoin is undoubtedly complex compared to fiat currency. However, despite how complex a thing is, there's always some means to make it simple and easy to comprehend.

Most of those who avoid learning bitcoin because they find it very complex, and that's very true, but one thing is certain, all simple things start from being complex, and when you go through the process of learning and analyzing it well, that's when complexity starts to vanish and turn out to be a simple one.

[Scarlett_23]

What is Bitcoin? How does it work? How to invest here? Investors need to know these things. These are not very complicated. If someone wants to come new to Bitcoin, they can invest in Bitcoin if they know the basics. But whenever they want to know how Bitcoin's block chain technology works, what the mining code is like, then it will become difficult for them to know about Bitcoin. These things are not for investors, these things are for technologists. The things that investors need are: Bitcoin is a digital currency, it is free from central influence, its supply is limited, and no one can change or change it if they want, knowing these things will be enough. Those who want to understand these things can easily understand them, but if they try to understand more than this as a newbie, they will make this matter more complicated and they will lag behind others in terms of investment.

[Fiasem20]

Bitcoin can only be complex to a beginner but as time goes on it will become simple.This thread just reminded me of when I was still a newbie,then the only knowledge I had was the bull run market,I was able to achieve that knowledge because it's the most talked about phrase in the crypto space and when I joined this forum last year I became conservant with the Bitcoin ecosystem and the crypto space entirely.Exactly the point,the technical aspect of Bitcoin isn't the actual criteria to become knowledgeable about Bitcoin, there nothing wrong in acquiring the basic knowledge about Bitcoin as a beginner before any other aspect you desire on learning.

[Versatile_choice]

I have always tried to imagine what a beginner or someone who isn't familiar with Bitcoin thinks about it. Don't we think it's worth questioning why people just choose not to show interest in certain things despite how massive they can be?.

Obviously they feel that it is complex or too expensive for them to get which is why they don't get bothered even when people around them are into bitcoin investment, and yeah I think it's worth questioning because majority of these people who are seriously buying bitcoin is not financially balance just as they are yet they just managed to invest as much as they can without paying attention to the market value. The thing is some people are used to playing over opportunities like this, which is why they don't progress from time to time, some people fail to understand that investing in bitcoin does not mean that you would buy one full bitcoin, if you accumulate enough stash of bitcoin you will still make profit in the long run.

[tbct_mt2]

Obviously they feel that it is complex or too expensive for them to get which is why they don't get bothered even when people around them are into bitcoin investment, and yeah I think it's worth questioning because majority of these people who are seriously buying bitcoin is not financially balance just as they are yet they just managed to invest as much as they can without paying attention to the market value. The thing is some people are used to playing over opportunities like this, which is why they don't progress from time to time, some people fail to understand that investing in bitcoin does not mean that you would buy one full bitcoin, if you accumulate enough stash of bitcoin you will still make profit in the long run.

Invest money in Bitcoin or don't invest money in Bitcoin is one thing. It is important but does not guarantee profit or financial success. There are other things which are contributors for investment results (either success with profit or failure with loss). It's how people learn about Bitcoin before starting their investment, how they manage their finance and risk before having good investment capital for investment in Bitcoin. It's also how people learn about Bitcoin wallets, choose good wallets to use, and how they use wallets rightly for storing bitcoin safely.

If they don't do these things well, their investment in Bitcoin can lead to nightmare with investment loss or bitcoin loss to hackers.

[Satofan44]

Personally, I feel Bitcoin isn't that complex after all. what matters as a beginner is what info we are exposed to, and what we end up growing with while still evolving round the space. Sure, there are some things we call technicalities, but I don't think they are actual criterias for beginners.

What a joke you have written. If you believe this then you don't understand Bitcoin. At best you have a superficial understanding of it. 99.9% of the users on this forum actually do not understand even how it works, let alone wider aspects of it.

I realized the only way to answer this question is to simply try to remember how I got to understand Bitcoin and what I was able to understand exactly. To me, it's monetary aspect was very easy to process, and some basic part of it as a Technology was also there to brush up my own way of understanding Bitcoin. For others, it might differs, but the end goal is still to understand Bitcoin in our own ways.

Do you know how the peer to peer network side works?
Do you know how transactions are made?
Do you know how SegWit works?
Do you know how Lightning works?
Do you understand which cryptographic primitives are used? Which algorithms? What hashing function? What are the weaknesses and advantages of these?
Do you understand the game theory?
Do you understand the monetary aspect?
Do you understand the power aspect?
Do you understand what decentralization and permissionless really are (no you don't)?

I could write a thousand questions and you would not be able to answer most of them.
The correct thing to say is: Bitcoin is highly complex, however understanding the very basics of Bitcoin is not that hard.

Invest money in Bitcoin or don't invest money in Bitcoin is one thing. It is important but does not guarantee profit or financial success.

See, case example of a user who does not know shit about Bitcoin. Talking about the investment side of Bitcoin is the most superficial and dumb side you could talk about. Number go up good, number go down bad.  Even cavemen could understand that.