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Topic: BitCoin Is Too Complicated for Average People! - page 13. (Read 4447 times)

member
Activity: 378
Merit: 25
Not at all, I feel it is so simple the bitcoin, it's almost like visa lol.

Just treat it as regular money.


i agree with you, if one is to follow the thread for newbies and reads a lot, it is so simple, just a step by step thingy, just read and read, information is everywhere, you just have to read, most of us are newbies before and it took some time to catch up and get the hang of it, that is good about this site, they teach us to get productive and get rich the harder way.
legendary
Activity: 1526
Merit: 1001
I think Bitcoin is not complicated at all, just take it as another transaction method, a digital form of regular money. How many people knows how paper money works? how many people knows the process of issuing paper money? the financial policies? - not more than 1% of world population.
Probably yes it is not complicated but all what required is proper knowledge. Search about bitcoin how it was generated what it is and how it works, once you get proper knowledge then world came in your fist. It is easy in use than the paper money and gives quick and high output. Soon countries will also recognize it due to the ease and comfort which it is providing to the people.
member
Activity: 126
Merit: 10
Even i think it is complicated as user who is using normal site for trading also find it difficult to even understand technical language that are used in bitcoin.As there is no proper guiding and info regarding bitcoin in any site on internet.For dealing in bitcoin you need to have proper market knowledge.
bce
sr. member
Activity: 756
Merit: 250
full member
Activity: 644
Merit: 103
No matter how complicated things can get you could always try to analyze it bits by bits, scale it down to things you could understand and relate it to the things you already know. The same principle applies to learning bitcoin; study it bits by bits and that will be the foundation of your knowledge.
Btc is a currency or even asset it isn't some engineering lesson which you can study bit by bit , in starting surely nothing is easy but as time progresses you will learn things automatically.

So you are implying that the technical features beneath the creation of bitcoin can be learned automatically and is not to be studied bits by bits? If you try to grasp the concept in one go, that's where the complication starts. Also, it is true that the way it plays out on the market is best learned from experience but isn't that like studying bits by bits too since you are (technically) learning by trial and error and you relate your past decisions to make a better call now?
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
hero member
Activity: 826
Merit: 1004
Ase you said bitcoin is too complicated for average people I don't agree with it . if u telling about transaction fees its normal . and the price level is so much that you can use some from that its totally OK .   
How is transaction fees connected to learning btc even if i tell the person that btc fees is some $4 how will it help him understand how btc works please post relevant to the topic you don't make any sense.

I totally agree. Everything in Bitcoin is too complicated for the average person. Buying - when it is not impossible - is complicated and costy. And even after you bought your bitcoins, the learning curve is rough, with many new things to learn for a newcomer, such as the addresses, the private keys, the transaction ID, the blocks, etc.

I hope someday all of this will be simplificated. We need it to go mainstream.
You can still learn storing of funds it's not hard at all but if it's someone who is first time using any online payment it can be hard for him. Nonetheless we should never forget everyone starts from scratch if one has the will to trade and make money he will somehow learn it.

No matter how complicated things can get you could always try to analyze it bits by bits, scale it down to things you could understand and relate it to the things you already know. The same principle applies to learning bitcoin; study it bits by bits and that will be the foundation of your knowledge.
Btc is a currency or even asset it isn't some engineering lesson which you can study bit by bit , in starting surely nothing is easy but as time progresses you will learn things automatically.
jr. member
Activity: 54
Merit: 10
There are some bitcoin ATM/Kiosk available now. It helps people to buy and sell bitcoin without wallet installation, etc. Just they have to make sure they won't throw the paper with bitcoin code away accidentally  Wink
legendary
Activity: 1330
Merit: 1019
Yes, I agree. People who know about how Bitcoins work are people who are smart enough to learn the mechanics of the game because it is not easy but they earn really well out of it. These are game-changers as they determine for themselves how delicate yet promising it is to invest and earn online without having to go to physical offices, without the fear of taxation, without any discrimination that are usually required to people who go to work, among others. I must say these people are one of the bests!
Bitcoin itself is not at all complicated for the average people .However the basic facilities such as the Internet or having access to the social sites play a key role in understanding well the whole game. Moreover the end result altogether depends upon the skills of a person.

Some out there grab the basics and all of the techniques just in a bit of time and others spend their entire life in revising and then implementing the laws for earning profits via this method.
full member
Activity: 302
Merit: 100
Presale is live!
Bitcoin is absolutely not too complicated for average people. It just depends on whether the average person is lazy or not and whether or not they have the will power to find the answers they are looking for because believe me the answers are all out there. You just have to go online and find the ones with the most views taught by a decent and genuine person.
full member
Activity: 532
Merit: 107
I posted a poll on one of our business pages on facebook. I asked a simple question with 3 possible answers to the poll.  The question was Should we accept Bitcoin as a payment option?  The answers were Yes, No and Whats a bitcoin. 

We got 2 Yes and 1202 Whats a Bitcoin.     Angry

That means only 0.001% people know about bitcoin, lol
full member
Activity: 189
Merit: 100
ƃqɹᴉllᴉɐuʇb
I posted a poll on one of our business pages on facebook. I asked a simple question with 3 possible answers to the poll.  The question was Should we accept Bitcoin as a payment option?  The answers were Yes, No and Whats a bitcoin. 

We got 2 Yes and 1202 Whats a Bitcoin.     Angry
full member
Activity: 210
Merit: 100
i know it's hard to explain the idea of bitcoin to the common man but it's not impossible when i first knew about bitcoin ,i know that outstanding technology has to replace fiat currencies someday and with time people will get use to the electronic money as a payday  . it's not that hard for a government to make such a decision if they wanted to.
hero member
Activity: 980
Merit: 523
That would depend on your definition of average, OP. Almost anyone can have access to the internet or own a mobile device even without any educational attainment. However, those are not enough for you to utilize bitcoin and cryptocurrency properly. One would have to be able to understand the use of a wallet, the fluctuations of the prices and at least basic knowledge about blockchain technology otherwise they might get lost while using it or even worse, misuse it. Surely, bitcoin is not simple to a lay man. It does not require high intelligence but its features would need some understanding and a bit of skill.
No it is not worth saying that Bitcoin is something too complicated for a common man. There are many things which require understanding before someone gets into the field practically. The basic factors that are associated with the use of Bitcoins include online wallets, currency rate as well as a bit of knowledge about the method of exchanges around the world. But in my opinion anyone having sense of accessing the Internet can get through the whole learning process quite easily.
sr. member
Activity: 630
Merit: 250
You know one thing the average people only understand this bitcoin very quickly. because this is the best source for them to become a rich person in short time. but to buy bitcoin now it is really complicated they can't afford this price.
newbie
Activity: 12
Merit: 0
I agree with you but you can understand it because 2 months ago when i started i did not even know a single thing about bitcoin and now i am trading bitcoins for other alt coins and making money out of them it is just a matter of time.
full member
Activity: 644
Merit: 103
No matter how complicated things can get you could always try to analyze it bits by bits, scale it down to things you could understand and relate it to the things you already know. The same principle applies to learning bitcoin; study it bits by bits and that will be the foundation of your knowledge.
member
Activity: 167
Merit: 10
I reemember many years ago when I bought my first android phone, it was the first model on market android 1.0, just me used (none of my friends use it) and when I show them it seems complicated for them, and as you can see now even grandmom use whatsapp... I do not think at all it is complicated, soon will be mass adoption as it happened with smartphones.
member
Activity: 112
Merit: 10
I have to agree that people might have small problems with understanding how does Bitcoin work. However, it isn't that hard to explain basic things like transactions, blocks, mining etc. It's natural that not everyone is capable of creating own cryptocurrency. Let's assume you are English teacher. Do you know how to build a plane from the scratch? I doubt.
hero member
Activity: 882
Merit: 506
Yes, I agree. People who know about how Bitcoins work are people who are smart enough to learn the mechanics of the game because it is not easy but they earn really well out of it. These are game-changers as they determine for themselves how delicate yet promising it is to invest and earn online without having to go to physical offices, without the fear of taxation, without any discrimination that are usually required to people who go to work, among others. I must say these people are one of the bests!
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