Topic: BitCoin Is Too Complicated for Average People! - page 5. (Read 4447 times)
I said this before, you don't have to understand the underlying technology to use Bitcoin. You can compare it to banks, do you really understand the banking system? For most people, the answer is no, but they are still using it. The user interface of wallet software decides the level of complexity. Luckily Bitcoin has a wide variety of different wallets, that are ranging from easy to complicated. These days there is something for everyone, you just need to make the right choice for a wallet.
Not at all, I feel it is so simple the bitcoin, it's almost like visa lol.
Just treat it as regular money.
Well for me i dont think so that bitcoin is too complicated for average people, As if theyre too smart to be complicated and difficult to understand bitcoin system. Just treat it as regular money.
I think Bitcoin has a lot to do with mentality, how you see it, if you think its complicated then it will be almost impossible to deal with, if you ready your mind then it will just be okay. i personally don't think its that complicated.
Bitcoin is indeed not a piece of cake. One can grasp the basics without going into details but to truly get the topic the knowledge of hash functions and digital signatures is absolutely required to acquired in the first place.
Well we are on a modern time today, when technologies are growing too fast. It develops as a speed of light. Others can't feel it because they don't focus on here bitcoin.
For me it is not complicated for average people, because even a ordinary people can understand bitcoin as long as he is willing to learn about it. The willingness will help to know and more widen knowledge about bitcoin.
Its true, but its a matter of time for it to become more and more accessible. Services like coinbase will appear more and more and generally it will become more available.
Technologically, Bitcoin indeed is way too complicated for an average person who doesn't understand much tech or coding part. Even, for a currency or trading purpose, a proper guide about wallets, private and public keys, safety, security, exchanges etc is required. Else, people can easily get scammed in cryptocurrency market. I think this complications is also a hurdle in the popularity of crptocurrencies and it is also a main reason that cryptocurrencies is more popular among millennial and not among elders.
Bitcoin does not stop transforming. With current growth Lightning network it could transform in real competitor for FIAT money. The current trend indicates that he has been programmed to evolutionate.
The main challenge for Bitcoin's is safeguard from cyber-thieves/bad people. But if compare with FIAT system. It threatening in the large scale. It’s touches every consumer. And suffers the most those who have less money.
The current growing generation will adapt quickly and easy to technical aspects. Just need time. And this technology will touch everyone.
The main challenge for Bitcoin's is safeguard from cyber-thieves/bad people. But if compare with FIAT system. It threatening in the large scale. It’s touches every consumer. And suffers the most those who have less money.
The current growing generation will adapt quickly and easy to technical aspects. Just need time. And this technology will touch everyone.
There are many services that make it easy to buy and use Bitcoin, and further development along those lines is going on all the time. Keep in mind you don't need to understand the Federal Reserve and all the details about the banking system, credit card systems and so forth to use dollars. It's the same way with Bitcoin.
Signing up with Coinbase or Gemini is no more difficult than getting an account anywhere else, and linking a bank account to them is no different than setting up auto-payments for things like a mortgage bill. As far as fees go, if you are paying 5-7% you are doing it wrong. For example you can do an ACH transfer from your bank to Coinbase, transfer the money from Coinbase to GDAX when it arrives, set a limit order on GDAX to buy your bitcoin, and then transfer it to your personal wallet. The fees for doing all of that? Exactly 0 satoshis/cents.
Signing up with Coinbase or Gemini is no more difficult than getting an account anywhere else, and linking a bank account to them is no different than setting up auto-payments for things like a mortgage bill. As far as fees go, if you are paying 5-7% you are doing it wrong. For example you can do an ACH transfer from your bank to Coinbase, transfer the money from Coinbase to GDAX when it arrives, set a limit order on GDAX to buy your bitcoin, and then transfer it to your personal wallet. The fees for doing all of that? Exactly 0 satoshis/cents.
That's right. I mean, there are so many platforms one can use to actually learn and be knowledge with activities related to Bitcoin. Everyone in the cryptocurrency market started out as newbies, and their expertise came from different avenues such as continued reading and watching tutorial videos, experience and practice, and the need and curiosity to learn for improvement purposes. I think that if a person would just apply enough time and enough, even if he is an "average" person per se, say in the field of business, he or she can be able to learn and be able to use cryptocurrencies at its maximum potential for his advantage.
Well, I think it is indeed too much complicated and harder to use, you have to have knowledge about how it works on internet. You have to make an account, buy bitcoin from different sites ( which takes 5% to 7% Fees) then transfer to exchanges for trading or to use.
How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.
I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..
When you use Bank or Online banking, If you have any problem, you can actually go to branch or call the customer service fix the problem, Bitcoin have no phone number, no branch, no one to contact if anything goes wrong.
The desktop wallet are too complicated to use, it has some weird functionality, such as MEW, every time you login, you have to use key chain, or a file as your private key and password, when you get a get it doesn't not show on your account, you actually have to add custom, which is really confusing sometimes. And i always hear people ger hacked, their balanced is gone. which is really scary after all these security in your wallet? strange!
Bitcoin does not have their own official site, so lots of people visit other junk/spam/hacking site, think it is bitcoin site and can get help.
It's really hard to buy bitcoin in certain country, such as Canada. Yes i know you can buy from coin base, but they do not allow more than $100 bitcoin per week, and we are not allowed to sell. Lots of people other thread offered local bitcoin, but when bitcoin price is $6800, they sell it on $7800, That's $1000 extra plus 5% fees of the amount. Why people have to pay that much money extra to buy bitcoin? why don't they have an official site, where you can buy in current price?
Why most of the exchange does not allow you to buy bitcoin with USD? 99% time you have to transfer money to exchange to do trading or to buy alt coin, which is really a headache. So you tell me, all these problem, why would a normal average people, who doesn't have enough time will invest bitcoin or any other coin? This is rea reason i believe we see the market cap in crypto currency under $200 billion. If it was easy to use, for normal people it would have jump to Trillion dollar.
How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.
I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..
When you use Bank or Online banking, If you have any problem, you can actually go to branch or call the customer service fix the problem, Bitcoin have no phone number, no branch, no one to contact if anything goes wrong.
The desktop wallet are too complicated to use, it has some weird functionality, such as MEW, every time you login, you have to use key chain, or a file as your private key and password, when you get a get it doesn't not show on your account, you actually have to add custom, which is really confusing sometimes. And i always hear people ger hacked, their balanced is gone. which is really scary after all these security in your wallet? strange!
Bitcoin does not have their own official site, so lots of people visit other junk/spam/hacking site, think it is bitcoin site and can get help.
It's really hard to buy bitcoin in certain country, such as Canada. Yes i know you can buy from coin base, but they do not allow more than $100 bitcoin per week, and we are not allowed to sell. Lots of people other thread offered local bitcoin, but when bitcoin price is $6800, they sell it on $7800, That's $1000 extra plus 5% fees of the amount. Why people have to pay that much money extra to buy bitcoin? why don't they have an official site, where you can buy in current price?
Why most of the exchange does not allow you to buy bitcoin with USD? 99% time you have to transfer money to exchange to do trading or to buy alt coin, which is really a headache. So you tell me, all these problem, why would a normal average people, who doesn't have enough time will invest bitcoin or any other coin? This is rea reason i believe we see the market cap in crypto currency under $200 billion. If it was easy to use, for normal people it would have jump to Trillion dollar.
Actually all people have a right to know and to learn,even you are average people,if you are willing to learn and understand the trade about cryptocurrency.we could not underestimate some average people, because there are some of them are fast learner,they easily understand the scenario of digital currency system,even they are out of school youth and not finish there study.
Well, I think it is indeed too much complicated and harder to use, you have to have knowledge about how it works on internet. You have to make an account, buy bitcoin from different sites ( which takes 5% to 7% Fees) then transfer to exchanges for trading or to use.
How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.
I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..
When you use Bank or Online banking, If you have any problem, you can actually go to branch or call the customer service fix the problem, Bitcoin have no phone number, no branch, no one to contact if anything goes wrong.
The desktop wallet are too complicated to use, it has some weird functionality, such as MEW, every time you login, you have to use key chain, or a file as your private key and password, when you get a get it doesn't not show on your account, you actually have to add custom, which is really confusing sometimes. And i always hear people ger hacked, their balanced is gone. which is really scary after all these security in your wallet? strange!
Bitcoin does not have their own official site, so lots of people visit other junk/spam/hacking site, think it is bitcoin site and can get help.
It's really hard to buy bitcoin in certain country, such as Canada. Yes i know you can buy from coin base, but they do not allow more than $100 bitcoin per week, and we are not allowed to sell. Lots of people other thread offered local bitcoin, but when bitcoin price is $6800, they sell it on $7800, That's $1000 extra plus 5% fees of the amount. Why people have to pay that much money extra to buy bitcoin? why don't they have an official site, where you can buy in current price?
Why most of the exchange does not allow you to buy bitcoin with USD? 99% time you have to transfer money to exchange to do trading or to buy alt coin, which is really a headache. So you tell me, all these problem, why would a normal average people, who doesn't have enough time will invest bitcoin or any other coin? This is rea reason i believe we see the market cap in crypto currency under $200 billion. If it was easy to use, for normal people it would have jump to Trillion dollar.
I don't think bitcoin is hard for ordinary people. My friends, when I taught them to use exchanges to buy and sell bitcoins, they quickly learned that it was not for them. I think you think bitcoin is too complicated. How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.
I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..
When you use Bank or Online banking, If you have any problem, you can actually go to branch or call the customer service fix the problem, Bitcoin have no phone number, no branch, no one to contact if anything goes wrong.
The desktop wallet are too complicated to use, it has some weird functionality, such as MEW, every time you login, you have to use key chain, or a file as your private key and password, when you get a get it doesn't not show on your account, you actually have to add custom, which is really confusing sometimes. And i always hear people ger hacked, their balanced is gone. which is really scary after all these security in your wallet? strange!
Bitcoin does not have their own official site, so lots of people visit other junk/spam/hacking site, think it is bitcoin site and can get help.
It's really hard to buy bitcoin in certain country, such as Canada. Yes i know you can buy from coin base, but they do not allow more than $100 bitcoin per week, and we are not allowed to sell. Lots of people other thread offered local bitcoin, but when bitcoin price is $6800, they sell it on $7800, That's $1000 extra plus 5% fees of the amount. Why people have to pay that much money extra to buy bitcoin? why don't they have an official site, where you can buy in current price?
Why most of the exchange does not allow you to buy bitcoin with USD? 99% time you have to transfer money to exchange to do trading or to buy alt coin, which is really a headache. So you tell me, all these problem, why would a normal average people, who doesn't have enough time will invest bitcoin or any other coin? This is rea reason i believe we see the market cap in crypto currency under $200 billion. If it was easy to use, for normal people it would have jump to Trillion dollar.
Well, I think it is indeed too much complicated and harder to use, you have to have knowledge about how it works on internet. You have to make an account, buy bitcoin from different sites ( which takes 5% to 7% Fees) then transfer to exchanges for trading or to use.
How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.
I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..
When you use Bank or Online banking, If you have any problem, you can actually go to branch or call the customer service fix the problem, Bitcoin have no phone number, no branch, no one to contact if anything goes wrong.
The desktop wallet are too complicated to use, it has some weird functionality, such as MEW, every time you login, you have to use key chain, or a file as your private key and password, when you get a get it doesn't not show on your account, you actually have to add custom, which is really confusing sometimes. And i always hear people ger hacked, their balanced is gone. which is really scary after all these security in your wallet? strange!
Bitcoin does not have their own official site, so lots of people visit other junk/spam/hacking site, think it is bitcoin site and can get help.
It's really hard to buy bitcoin in certain country, such as Canada. Yes i know you can buy from coin base, but they do not allow more than $100 bitcoin per week, and we are not allowed to sell. Lots of people other thread offered local bitcoin, but when bitcoin price is $6800, they sell it on $7800, That's $1000 extra plus 5% fees of the amount. Why people have to pay that much money extra to buy bitcoin? why don't they have an official site, where you can buy in current price?
Why most of the exchange does not allow you to buy bitcoin with USD? 99% time you have to transfer money to exchange to do trading or to buy alt coin, which is really a headache. So you tell me, all these problem, why would a normal average people, who doesn't have enough time will invest bitcoin or any other coin? This is rea reason i believe we see the market cap in crypto currency under $200 billion. If it was easy to use, for normal people it would have jump to Trillion dollar.
How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.
I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..
When you use Bank or Online banking, If you have any problem, you can actually go to branch or call the customer service fix the problem, Bitcoin have no phone number, no branch, no one to contact if anything goes wrong.
The desktop wallet are too complicated to use, it has some weird functionality, such as MEW, every time you login, you have to use key chain, or a file as your private key and password, when you get a get it doesn't not show on your account, you actually have to add custom, which is really confusing sometimes. And i always hear people ger hacked, their balanced is gone. which is really scary after all these security in your wallet? strange!
Bitcoin does not have their own official site, so lots of people visit other junk/spam/hacking site, think it is bitcoin site and can get help.
It's really hard to buy bitcoin in certain country, such as Canada. Yes i know you can buy from coin base, but they do not allow more than $100 bitcoin per week, and we are not allowed to sell. Lots of people other thread offered local bitcoin, but when bitcoin price is $6800, they sell it on $7800, That's $1000 extra plus 5% fees of the amount. Why people have to pay that much money extra to buy bitcoin? why don't they have an official site, where you can buy in current price?
Why most of the exchange does not allow you to buy bitcoin with USD? 99% time you have to transfer money to exchange to do trading or to buy alt coin, which is really a headache. So you tell me, all these problem, why would a normal average people, who doesn't have enough time will invest bitcoin or any other coin? This is rea reason i believe we see the market cap in crypto currency under $200 billion. If it was easy to use, for normal people it would have jump to Trillion dollar.
Why is bitcoin complicated? Because I think bitcoin is only used specifically for people who at least know how the Internet works. If bitcoin is created for all people we might see bitcoin trade in social media freely. In addition events like our wallet accounts are exposed to hack will more often happen if there is no private key for security.
For the exchange of coins into the fiat it must be done because bitcoin own is digital money, the best that is in use for online payments, while to get local money it must be done exchange transactions. And also with the transaction through the local bank it helps the state because the transaction fee deductions are done.
Bitcoin is not complicated to common people, it depends on people how to use their bitcoin properly. Even though it's common people they can show how they can run or follow the same as those who are tall.
I have said it many times and I will repeat it again, it all comes down to interest. For learning any new subject, only two things are required, first is the need and second is the interest. For instance, let us take the subject of mathematics. Some of the students are able to do great in this subject, these are the ones who have interest in the subject. Those finding it difficult are the students who fail to generate any interest in the subject. All this applies to bitcoins as well. if a person finds it interesting, he will not find it complicated.
It is complicated in the beginning, as time pass by, people who work in the industry will figure out a way to simplify for less educated users. People find currency market is complicated in the beginning, however as time pass by, now it is one of the easiest way to trade in trading market.
Yes right, I think bitcoin is too complicated, this we can see from wallet address consisting of 34 digits, I'm sure 99,99% bitcoin users do not memorize with their bitcoin wallet address.
i agree that bitcoin is complicated but that is only because bitcoin is different, it is no longer like what we used to do before bitcoin like using banks, using services like Paypal,... now we are having all of them in one place. we are our own bank. and that makes it a bit complicated for newcomers to adapt.
but i strongly disagree with saying bitcoin is "too complicated".
and you talk a lot about buying fees, but that has nothing to do with bitcoin being complicated or not! that is just the fee that some third party service is taking in order to take your worthless fiat and give you valuable bitcoin
I think it's not hard for average people to understand bitcoin. I am a average person but I understand it. It is not about the IQ it is about how you want to learn. If your aggressive to learn then you'll learn.but i strongly disagree with saying bitcoin is "too complicated".
and you talk a lot about buying fees, but that has nothing to do with bitcoin being complicated or not! that is just the fee that some third party service is taking in order to take your worthless fiat and give you valuable bitcoin
Same as what you said it really is not complicated with average person just like me because it will solely depend on what each person's preference and interest. If a person who is entering bitcoins had a strong interest on it regardless if your an average or an excellent being then you will do necessary move to fully understand it. It is be in a way of researching information with regards to bitcoins or asking person who already had a vast experience about tips and strategies with regards to it.
maybe you have already a background in computer or in i.t , that is why you find it easy to understand. in my case i also have an experience in computer related stuffs before , that is why learning the basics of bitcoin is only a piece of cake to me but i had to admit that my learnings are still not enough in order to be called a pro bitcoiner because there were still many things that havent yet learned in the past especially those technical ones. i think learning bitcoin is really dependent to each other. some people find it hard and some find it easy.
i agree that bitcoin is complicated but that is only because bitcoin is different, it is no longer like what we used to do before bitcoin like using banks, using services like Paypal,... now we are having all of them in one place. we are our own bank. and that makes it a bit complicated for newcomers to adapt.
but i strongly disagree with saying bitcoin is "too complicated".
and you talk a lot about buying fees, but that has nothing to do with bitcoin being complicated or not! that is just the fee that some third party service is taking in order to take your worthless fiat and give you valuable bitcoin
I think it's not hard for average people to understand bitcoin. I am a average person but I understand it. It is not about the IQ it is about how you want to learn. If your aggressive to learn then you'll learn.but i strongly disagree with saying bitcoin is "too complicated".
and you talk a lot about buying fees, but that has nothing to do with bitcoin being complicated or not! that is just the fee that some third party service is taking in order to take your worthless fiat and give you valuable bitcoin
Same as what you said it really is not complicated with average person just like me because it will solely depend on what each person's preference and interest. If a person who is entering bitcoins had a strong interest on it regardless if your an average or an excellent being then you will do necessary move to fully understand it. It is be in a way of researching information with regards to bitcoins or asking person who already had a vast experience about tips and strategies with regards to it.
i agree that bitcoin is complicated but that is only because bitcoin is different, it is no longer like what we used to do before bitcoin like using banks, using services like Paypal,... now we are having all of them in one place. we are our own bank. and that makes it a bit complicated for newcomers to adapt.
but i strongly disagree with saying bitcoin is "too complicated".
and you talk a lot about buying fees, but that has nothing to do with bitcoin being complicated or not! that is just the fee that some third party service is taking in order to take your worthless fiat and give you valuable bitcoin
I think it's not hard for average people to understand bitcoin. I am a average person but I understand it. It is not about the IQ it is about how you want to learn. If your aggressive to learn then you'll learn. but i strongly disagree with saying bitcoin is "too complicated".
and you talk a lot about buying fees, but that has nothing to do with bitcoin being complicated or not! that is just the fee that some third party service is taking in order to take your worthless fiat and give you valuable bitcoin
Like everybody said that bitcoin is complicated for average people,yes of course it is if you are just starting her in bitcoin and no idea how it works,my only suggestion if you are just starting do not try to go for buying bitcoin if no one can assist you who knows how to do bitcoin,learn yourself first before you move to another step.
Well,not all. We've been through that hard times at first. That confused stage about bitcoin, how it works, and how can that bitcoin affects our economy. But it is not that too complicated. As long as you've understand the flow of bitcoin's system. Time management is very important to instill wisdom.
true. we've been there. all of us been into a point when we first know bitcoin and we think that it is so complicated and we have a hard time understanding it.
wether you are below or an average person, as long as you are interested to learn about bitcoin, it doesn't matter your intellegence status at all.
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