Topic: Are you doomed if you are not tech savvy? - page 2. (Read 3055 times)
I'm not the most tech savvy person, but what's stopping you from developing that tech savviness? I've taken it upon myself to learn Angular 4 -> Solidity -> Ionic 2. I'm still learning Angular, but I feel like I've made significant progress. I'm a college student studying microbiology so learning to code is something I do in my free time and I actually REALLY enjoy it!
no. i'm not very tech savvy and i do fine with bitcoin. these days there are some super simple services.
the one thing you absolutely must be is security savvy. there are multiple ways to lose your bitcoins if you're not careful with who you trust (no one) and how you secure your private keys. that's the most important thing anyone needs to learn.
the one thing you absolutely must be is security savvy. there are multiple ways to lose your bitcoins if you're not careful with who you trust (no one) and how you secure your private keys. that's the most important thing anyone needs to learn.
You're not doomed, just read this forum and leave 2 posts per day, and all be good... you can learn a lot here, youtube, etc...
No as long as you know how to use such technology.
On a similar note, which exchange is good for trading? I have read that Polo is having its issues. What are your views about yobit and bitfinex?
If you're an end user, you don't need to know how everything works. To most people the inner workings of bitcoin are like magic, you start talking about cryptography, mining, proof of work, you look at their faces and you know you lost them.
That's why wallets are as foolproof as possible, they ask you to make a copy of your keys, remember your password, they let you know if the address is wrong, allow you to scan qr codes, so you don't even have to manually copy the addresses, it's as easy as paying with your credit card in a store, you just can't go wrong.
You don't need to know the tech behind CC payments, so why do you want to be an expert in bitcoin to use it?
That's why wallets are as foolproof as possible, they ask you to make a copy of your keys, remember your password, they let you know if the address is wrong, allow you to scan qr codes, so you don't even have to manually copy the addresses, it's as easy as paying with your credit card in a store, you just can't go wrong.
You don't need to know the tech behind CC payments, so why do you want to be an expert in bitcoin to use it?
There are any apps and wallets that are helping to make bitcoin simple to use for less technical users. Sites like coinbase and blockchain.info wallets are starting to become more Paypal like and simplify things. As a more technical user, I don't like the simplification and prefer to use advanced wallets such as Electrum. I do see the benefit of having some wallets that are simple to use for the less technical users. If Bitcoin is to become mainstream, we need all kinds of users to be able to properly use it.
I am relatively new to this whole crypto thing. I'm still strugling to understand a shitload of info, terms and generally the way this industry works. Are majority of you guys here of IT background?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
I also just learned about crypto stuff, it's possible if you always learn every day about crypto. Slowly but surely you will also become an expert in this field if you want it
IMO 
I have the feeling that people in early days of bitcoin they had knowledge and enthusiasm with cryptography and programming. But now most users with a big stash and every day involving they are traders who know only the basics and their only interest is the price of bitcoin.
I think when it comes to BTC, you should handle it like how you handle, save and invest money, not how you figure out a very intricate machine. Trust your instincts and your sound judgment. It wouldn’t hurt also to read the basics about bitcoin, bitcoin wallet, blockchain, bitcoin mining, and bitcoin trading once in a while. Then don’t be afraid to use it, whether in buying stuff online, trading or playing at online casinos who accept bitcoin. By then you would fully understand the benefits, the risks and rewards of bitcoin.
There are plenty of video tuts you could get into and learn a sht ton. It’s best to see how individuals develop and operate online using bitcoin and then implement your own thing.
You can learn almost anything if you have the patience..
You can learn almost anything if you have the patience..
Hahaha I love this! This is 100% exactly how I felt in my first weeks. You'll pick it up. There are complex terms that you never really need to know unless you're an IT guy (oh damn, no minblewimble yet!? No coinjoin!? Wtf is a segwit!? Can I ride on it like a segway?!) But really what you need to understand is the basics like private keys, are private. They can be compressed or not compressed just like any other file in the world. You also have public keys. They can be used in public.
QYY
I am not entirely sure, what you are asking about. As your question in the title of the thread is completely disconnected from the one in your OP post.
Cryptocurrency is a tool, that you can but dont have to choose. You can use it to your advantage even without understanding ins and outs of it, just like you use your smarthphone, bank account or automobile. It is a tool, not and end in and of itself.
I wouldnt be suprised at all, if some of the most profitable traders here barely knew how to turn on computer. Leaving tech stuff to IT crowd, while they focus on profit.
My question meant if its possible to be a good investor/trader of cryptos if you are not an IT guy. I cant see how someone with very limited knowledge can spot the pros and cons of cryptos and understand the underlying technology of various cryptos. If somebody has never turned on a computer ( metaphorically speaking) than based on which indicators would he make any desicion.
As I pointed out earlier, it's not hard to find out more. For investing and trading, all you need to understand is a reasonable amount of basic terminology so that you can understand discussions about fundamental analysis and news articles.I am relatively new to this whole crypto thing. I'm still strugling to understand a shitload of info, terms and generally the way this industry works. Are majority of you guys here of IT background?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
I am not entirely sure, what you are asking about. As your question in the title of the thread is completely disconnected from the one in your OP post.
Cryptocurrency is a tool, that you can but dont have to choose. You can use it to your advantage even without understanding ins and outs of it, just like you use your smarthphone, bank account or automobile. It is a tool, not and end in and of itself.
I wouldnt be suprised at all, if some of the most profitable traders here barely knew how to turn on computer. Leaving tech stuff to IT crowd, while they focus on profit.
My question meant if its possible to be a good investor/trader of cryptos if you are not an IT guy. I cant see how someone with very limited knowledge can spot the pros and cons of cryptos and understand the underlying technology of various cryptos. If somebody has never turned on a computer ( metaphorically speaking) than based on which indicators would he make any desicion.
Cryptocurrencies are largely a speculative investment, and most of the cryptocurrency that people hold is not going to be spend on actual transactions.
To a lesser extent, this even applies to Bitcoin. Therefore it's a gold mine for chartists and "technical analysis" types. If you're good at fiat investments and are good at trading other volatile investments like penny stocks, you'll be good at trading cryptocurrencies.
Precisely, many traders see bitcoin just as another penny stock in its growth period. Sending money to exchange and securing their account being the most challenging tasks for them.
If, I were you, Id invest time into researching investing basics, sir. Technical and fundamental analysis, finabocci lines, eliot waves etc. There are some really smart guys even on this board, who are willing to share their knowledge and experience with you. Without fee.
QYY
I am not entirely sure, what you are asking about. As your question in the title of the thread is completely disconnected from the one in your OP post.
Cryptocurrency is a tool, that you can but dont have to choose. You can use it to your advantage even without understanding ins and outs of it, just like you use your smarthphone, bank account or automobile. It is a tool, not and end in and of itself.
I wouldnt be suprised at all, if some of the most profitable traders here barely knew how to turn on computer. Leaving tech stuff to IT crowd, while they focus on profit.
My question meant if its possible to be a good investor/trader of cryptos if you are not an IT guy. I cant see how someone with very limited knowledge can spot the pros and cons of cryptos and understand the underlying technology of various cryptos. If somebody has never turned on a computer ( metaphorically speaking) than based on which indicators would he make any desicion.
As I pointed out earlier, it's not hard to find out more. For investing and trading, all you need to understand is a reasonable amount of basic terminology so that you can understand discussions about fundamental analysis and news articles.I am relatively new to this whole crypto thing. I'm still strugling to understand a shitload of info, terms and generally the way this industry works. Are majority of you guys here of IT background?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
I am not entirely sure, what you are asking about. As your question in the title of the thread is completely disconnected from the one in your OP post.
Cryptocurrency is a tool, that you can but dont have to choose. You can use it to your advantage even without understanding ins and outs of it, just like you use your smarthphone, bank account or automobile. It is a tool, not and end in and of itself.
I wouldnt be suprised at all, if some of the most profitable traders here barely knew how to turn on computer. Leaving tech stuff to IT crowd, while they focus on profit.
My question meant if its possible to be a good investor/trader of cryptos if you are not an IT guy. I cant see how someone with very limited knowledge can spot the pros and cons of cryptos and understand the underlying technology of various cryptos. If somebody has never turned on a computer ( metaphorically speaking) than based on which indicators would he make any desicion.
Cryptocurrencies are largely a speculative investment, and most of the cryptocurrency that people hold is not going to be spend on actual transactions.
To a lesser extent, this even applies to Bitcoin. Therefore it's a gold mine for chartists and "technical analysis" types. If you're good at fiat investments and are good at trading other volatile investments like penny stocks, you'll be good at trading cryptocurrencies.
Just follow the news and rumors. Sometimes like with the current siacoin pump and the litecoin pump from a few weeks ago it's pretty clear what's going to happen. If there's a large consensus that something will pump then it most likely will. If there are any developments around a coin, if some milestone is being completed by the devs, it's price will most likely grow.
With the current bubble it's especially easy to be a trader. A friend of mine I just introduced to the whole thing about a month ago, mined some $10 ZEC with his aging GPU and through trading of altcoins has now made them into $180 without having any idea what he was doing or why these coins pumped. I remember I even had to explain to him how buying and selling works on poloniex. If he could do it anyone can.
With the current bubble it's especially easy to be a trader. A friend of mine I just introduced to the whole thing about a month ago, mined some $10 ZEC with his aging GPU and through trading of altcoins has now made them into $180 without having any idea what he was doing or why these coins pumped. I remember I even had to explain to him how buying and selling works on poloniex. If he could do it anyone can.
I am relatively new to this whole crypto thing. I'm still strugling to understand a shitload of info, terms and generally the way this industry works. Are majority of you guys here of IT background?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
I am not entirely sure, what you are asking about. As your question in the title of the thread is completely disconnected from the one in your OP post.
Cryptocurrency is a tool, that you can but dont have to choose. You can use it to your advantage even without understanding ins and outs of it, just like you use your smarthphone, bank account or automobile. It is a tool, not and end in and of itself.
I wouldnt be suprised at all, if some of the most profitable traders here barely knew how to turn on computer. Leaving tech stuff to IT crowd, while they focus on profit.
My question meant if its possible to be a good investor/trader of cryptos if you are not an IT guy. I cant see how someone with very limited knowledge can spot the pros and cons of cryptos and understand the underlying technology of various cryptos. If somebody has never turned on a computer ( metaphorically speaking) than based on which indicators would he make any desicion.
I am relatively new to this whole crypto thing. I'm still strugling to understand a shitload of info, terms and generally the way this industry works. Are majority of you guys here of IT background?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
I am not entirely sure, what you are asking about. As your question in the title of the thread is completely disconnected from the one in your OP post.
Cryptocurrency is a tool, that you can but dont have to choose. You can use it to your advantage even without understanding ins and outs of it, just like you use your smarthphone, bank account or automobile. It is a tool, not and end in and of itself.
I wouldnt be suprised at all, if some of the most profitable traders here barely knew how to turn on computer. Leaving tech stuff to IT crowd, while they focus on profit.
Lol. Not really. You can still leave even without technology. Technology is just an instrument go make our living easier. Anyway, you don't need to get a degree on IT to understand cryptocurrencies. You just need to study it first. When im new here on btctalk, i really don't what cryptocurrency means. So im forced to study what it is and how it works. You don't have to study deeper like algorithm and shit. Just learn the basics. I think you're fine. Goodluck.
I am relatively new to this whole crypto thing. I'm still strugling to understand a shitload of info, terms and generally the way this industry works. Are majority of you guys here of IT background?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
I am a newbie to cryptocurrency, I read and read articles till I cannot keep my eyes open but still have difficulty understanding it. I have wallets and can buy and sell crypto coins, but not much more. Once I thought I would have a go at mining, but it is too deep for me to grasp the terminologies etc. so I thought no point in me investing dollars into something I cannot understand (yet!!). Cryptocurrency seems to be a whole new language to me and I do have difficulty with it.
It's the same with me. The more I get deeper into this there seems to be so much more to learn. Just when I manage to get a grasp on some of the concepts the more complicated ones arise.
I am relatively new to this whole crypto thing. I'm still strugling to understand a shitload of info, terms and generally the way this industry works. Are majority of you guys here of IT background?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
Is it possible to fully educate yourself and understand crypto technology if you are not dev/programmer?
I am a newbie to cryptocurrency, I read and read articles till I cannot keep my eyes open but still have difficulty understanding it. I have wallets and can buy and sell crypto coins, but not much more. Once I thought I would have a go at mining, but it is too deep for me to grasp the terminologies etc. so I thought no point in me investing dollars into something I cannot understand (yet!!). Cryptocurrency seems to be a whole new language to me and I do have difficulty with it.
Jump to: