Topic: Are bitcoins only for the educated and knowledgeable people only? - page 35. (Read 11900 times)
October 21, 2017, 03:07:57 PM
It's the contrary, Bitcoin and all the Proof of Work coins are for uneducated and greedy people who don't understand the environment impact of mining Proof of Work coins. Instead of just being eager for money, think about the environmental impact of your investments. You should instead invest in Proof of Stake coins like RISE, there is no mining done with this coin. Sign my petition to ban Proof of Work Coins: https://www.thepetitionsite.com/takeaction/844/861/035/ , you'll see more details on the current energy comsumption of Bitcoin in this petition.
October 21, 2017, 03:03:21 PM
I think Bitcoin can be learned by people who do not even have a college education. Everyone can know what bitcoin is and also use Bitcoin. Like real money you do not need to be educated and knowledgeable people to use real money.
I think yes we can consider bitcoin as skill and not a proper education. In fact in present time most of the education users are educated and must have computer and INTERNET knowledge, but in future i think bitcoin will be even use by illiterate, because i do not that the use of computer or internet is so much difficult i think one can easily learn about it. October 21, 2017, 02:57:24 PM
For me, it isn't. We have different talent and knowledge on how we give and do stuff that we love. Bitcoins are for everyone and we have the chance to try or even have this to earn and save money for our future.
How about you guys? Is it only for the educated and knowledgeable people only?
How about you guys? Is it only for the educated and knowledgeable people only?
They created bitcoin is for all of us , we can use bitcoin whether you are educated or not. We can use it in way of buying goods or things that we loved. but if we use bitcoin in a way of engaging like in gambling or trading ,its really requires education and the person must be knowledgeable to gain more profit and especially to minimize the possible loss in capital.In general thought as much as possible we must we have gain knowledge on what is BTC is all about like how to use it to buy things online, but it is not necessary to go school just to be educated. You can just go to your laptop or phone and make some reading via internet.
October 21, 2017, 02:37:28 PM
Well... No. Bitcoin can be used by everyone, it's not that difficult to explain basic things like creating a wallet, sending transactions etc. It might be hard for some people to understand why they shouldn't use a web wallet. For vast majority of people, convenience is more important than security. I gave up convenience and bought hardware wallet to make sure that my money is safe.
October 21, 2017, 02:23:30 PM
of course not. if we think it is just limited to certain group of people then in this case it will never dominate other currencies. it is for everybody.
October 21, 2017, 02:15:36 PM
No I don't think so because there is nothing in here related to what I study but you should be good with maths a bit not too much though and speaking of knowledge the more time you spend learning about cryptocurrency the better for you and involve yourself in forums to gain more experience.
October 21, 2017, 01:17:44 PM
I wouldn't say that Bitcoin is only for the educated. Using a cheap Android tablet and copy-and-pasting a random string of letters and numbers doesn't exactly require a college degree. You don't even need to know what a blockchain even is to be an end user for Bitcoin. (Though it may help to know enough to be able to avoid scams.)
October 21, 2017, 12:58:26 PM
Yes, for now. But adding bitcoin, along with the stock market and FX in the school curriculum is a good start.
It's quite a challenge enough for me to encourage my educated friends and relatives to invest in the stock market.
What more for bitcoin who has a fraction of the media coverage of the stock market?
October 21, 2017, 12:12:03 PM
Bitcoin is not solely for the educated people - educated meaning those who have finished college or further higher education. Bitcoin is for everyone. And even if only few people know bitcoin now, it is just like oher things that are new that needs to be more visible until more and more start to adopt. With regards to knowledge, I believe in wvery person's ability to learn given the opportunity and a little help.
Let's face reality. Even though bitcoin usage is not limited just to some set of people, it cannot be for everyone and most especially the uneducated and some set of people who are just not tech freaks. Sure, some uneducated folks can be smart with technology, but it is rare to see them most especially in some areas of the world to be able to make use of bitcoin except we do not have to rely totally on the internet or wallet transactions before we do P2P transfers. Even though some services are already coming up that would make wallet usage and spending easy with the use of ATMs, but that does not guarantee that it will still be usable for uneducated folks and most of them will still prefer the usual fiats. October 21, 2017, 11:56:39 AM
Bitcoin is not solely for the educated people - educated meaning those who have finished college or further higher education. Bitcoin is for everyone. And even if only few people know bitcoin now, it is just like oher things that are new that needs to be more visible until more and more start to adopt. With regards to knowledge, I believe in wvery person's ability to learn given the opportunity and a little help.
October 21, 2017, 11:33:12 AM
Using or investing btc has never been a class divide. so everyone can use. So I can be sure that btc is not just for educated people. There are people who do not need any degree but can succeed in investing btc. that's a testament. and some people who are only 16 year oldd , they can still use btc. How do you think?
October 21, 2017, 11:17:05 AM
Bitcoin for people who want to develop and earn money. It is not at all necessary to have a higher economic education in order to understand the field of crypto-currency. Among my acquaintances, who are addicted to bitcoin, are people of various professions and have a different social status. I know the musician, the cook, the housewife, the car mechanic, the seller, who are quite successfully engaged in crypto-currencies and have additional income. This is fine and bitcoin - it gives excellent opportunities to everyone who wants to earn.
October 20, 2017, 09:52:06 AM
It totally depends on the level of education we are talking about here, if it is about higher education then the answer is no. Most people can still get bit coin from bounty which in my opinion doesn't really require that much.
If the person involved wants to move to the trading part of cryptocurrency then things will become a little bit trickier since he/she has to be decisive in deciding the options. But then again, the more time he/she spends in the cryptocurrency the more experienced they will become hence better decision making skill.
If the person involved wants to move to the trading part of cryptocurrency then things will become a little bit trickier since he/she has to be decisive in deciding the options. But then again, the more time he/she spends in the cryptocurrency the more experienced they will become hence better decision making skill.
October 20, 2017, 09:43:16 AM
No everyone can .but non educated peoples dont know how to use it
October 20, 2017, 09:38:29 AM
No, bitcoin are not only for educated and knowledgeable people. Bitcoin can be used by everyone as long as that person or those people is literate enough to read and write and to be able to understand what bitcoin is and use the device necessary to use and transact using bitcoin. then I can safely say that instead of only having the educated and knowledgeable people can only use bitcoin, everyone can use bitcoin.
On somehow it is true that the educated and knowledgeable people are used bitcoin in a better manner. But it is not compulsory that only educated people can work and earn on it. Because the world’s top business are not highly qualified. But they are perfect businessman. That’s why bitcoin is good for all type of peoples who have just sense of trading. 
October 19, 2017, 11:49:20 AM
Nope. Anybody can use bictoin. As long as they have internet access. You don't need high IQ to understand bitcoin. As long as you can read and you know numbers, you're can start learning btc.
October 19, 2017, 11:22:18 AM
I think Bitcoin can be learned by people who do not even have a college education. Everyone can know what bitcoin is and also use Bitcoin. Like real money you do not need to be educated and knowledgeable people to use real money.
October 19, 2017, 11:13:03 AM
Well, in my opinion everyone have chance to try participate bitcoin. Educated or not if they have patience to explore what is bitcoin is. Bitcoin is not like food you can buy today and tomorrow you are know everything. Bitcoin is for everyone who has open minded for everything.
October 19, 2017, 10:03:44 AM
To a certain extent, because managing accounts, private keys, crypto rules, ... requires a little bit of organization.
But of course you don't need to go to college to manage bitcoins.
All people can try bitcoins, bitcoin is for everyone, yes its true that if you want to try bitcoins you need to be knowledgeable but in bitcoin hard working and patient is equal to knowledgeable and educated, and in bitcoin under gradute, students, senior citizen, parents can try bitcoin because all people have different talents and all people can learn by reading all rules and regulation in the forum, and when people is reading in different discussion in this forum all peoples can come up in bitcoin. But of course you don't need to go to college to manage bitcoins.
October 19, 2017, 09:23:00 AM
bitcoin for everyone who wants to give an opportunity to try to earn income from bitcoin, and bitcoin have a big impact in the economy so anyone can try to enter the bitcoin world to search more, and whether people are educated and knowledge know bitcoin I say no, so bitcoin for anybody who wants to earn an income from the bitcoin
I am not agree with you that without education earning of bitcoin is possible because bitcoin is basically a digital online cryptocurrency base on latest technology and through computer and internet we may earn bitcoin. So education, computer knowledge and internet knowledge is compulsory for bitcoin earning. Lack in the stated fields cannot be ignored at any cost. Jump to: