Bitcoin is actually extremely easy to understand. Let me break it down for the common man.
Bitcoin=Gold
Mining=Mining
Bitcoin miners are machines that run programs that facilitate and secure the transactions.
Gold miners are machines that physically mine gold and secure the extracts.
Both are rare and need a lot of energy to collect. Both are limited.
Both have value based on supply and demand.
Bitcoin is simply digital gold mining. It could not be easier to understand than that.
Topic: BTC, why do some people just get it, others really don't? - page 2. (Read 764 times)
It depends on how you introduced it and on how such a person understands it. In introducing and explaining about crypto, we shouldn't hide anything and we must be transparent. Telling about its risks would be a big help. A person should also have the eagerness to learn everything about it openmindedly. We should also inform them that crypto isn't a shortcut to success but it includes hard work and sacrifices as well.
i ever introduce bitcoin to someone by how to get money as fast as possible and how bitcoin itself. many people will respon with get money as fast as possible. the main set for most people is money, so the approach is from money. after they knoe about how to get it, as time go by they will learn about what is bitcoin little by little. but not all people think like this, some people will learn about bitcoin first, and the other is like bonus from bitcoin
Introducing with someone else is very difficult, it takes more time for you to explain what is bitcoin and what is the function on it and you have profit. Probably, it takes 5-6 hours or more than that. Because not all people fully oriented and the sad part is when they failed you might blame them. So, I guess better keep quiet and show them how successful you are.Well, I think it's because they already had an experience of how to earn bitcoin quickly. There are many ways to earn it if you are just willing to learn in order for you to be able to get rich but this time earning bitcoin is a little bit hard and risky as well due to it's dropping value.
Bro other name of life is called Risk, as any person who don't want to take any risk in life mostly he will failed. To get success you need to get risk and try try again. Just like that if you want to do something different you need to get risk repeatedly. Bitcoin has completed 10 years and i think its known by the whole world that what is bitcoin and how to do work in bitcoin. So those people who are working here and earning they are getting BTC while those who have no interest or they have no ability to take risk to do some business or any work simply they are not getting BTC.
and you forgot about another, rather huge part of general public, who do not know nothing about bitcoin and do not care about it at all))
maybe they even heard about crypto, but did not paid attention about it and almost immediately forgot about it
maybe they even heard about crypto, but did not paid attention about it and almost immediately forgot about it
It's because we have different approach receiving knowledge about bitcoin. I have just two things why others may or may not understand what bitcoin really is:
1st. How they explained bitcoin (as an investment tool , as payment options and as blockchain technology.
2nd. Not using easy terms. Many pretends to know blockchain but do not really understand it.
It is somehow complicated to know yes, but there are many easier ways how to understand the essence of btc. One example is the youtube videos and the infographic images.
1st. How they explained bitcoin (as an investment tool , as payment options and as blockchain technology.
2nd. Not using easy terms. Many pretends to know blockchain but do not really understand it.
It is somehow complicated to know yes, but there are many easier ways how to understand the essence of btc. One example is the youtube videos and the infographic images.
People who don't get Bitcoin are those who fail to understand the basic concept of an electronic cash system built on a decentralized platform where transactions are peer to peer thus no involvement of any form of a third party. Without this basic knowledge, you will not really get bitcoin.
The attitude to cryptocurrency largely depends on the first experience with cryptocurrency. If the result was positive, then the attitude towards it will be appropriate in the future. Also, such an attitude will largely depend on the degree of help from others, if a beginner in cryptocurrency has certain problems. Many sometimes face technical difficulties and, not knowing how to solve them, simply leave the cryptocurrency.
The wrong interpretations in regards to this investment opportunities, Many are here because of someone introduced bitcoin with wrong information,They've been convinced that this is a good way to invest money and earned but after suffered from loses due to volatility and lack of knowledge about how things work. frustrations throw them away from this industry as the results of wrong impressions inside the market.
i ever introduce bitcoin to someone by how to get money as fast as possible and how bitcoin itself. many people will respon with get money as fast as possible. the main set for most people is money, so the approach is from money. after they knoe about how to get it, as time go by they will learn about what is bitcoin little by little. but not all people think like this, some people will learn about bitcoin first, and the other is like bonus from bitcoin
Introducing with someone else is very difficult, it takes more time for you to explain what is bitcoin and what is the function on it and you have profit. Probably, it takes 5-6 hours or more than that. Because not all people fully oriented and the sad part is when they failed you might blame them. So, I guess better keep quiet and show them how successful you are.Well, I think it's because they already had an experience of how to earn bitcoin quickly. There are many ways to earn it if you are just willing to learn in order for you to be able to get rich but this time earning bitcoin is a little bit hard and risky as well due to it's dropping value.
i ever introduce bitcoin to someone by how to get money as fast as possible and how bitcoin itself. many people will respon with get money as fast as possible. the main set for most people is money, so the approach is from money. after they knoe about how to get it, as time go by they will learn about what is bitcoin little by little. but not all people think like this, some people will learn about bitcoin first, and the other is like bonus from bitcoin
Some don't consider to get involve in cryptocurrency because of the losses they might experience. But some when they first introduced to bitcoin a sudden of becoming interested in it on how they can earn and how can benefit this cryptocurrency to them. Getting to know the risks in btc could help them to understand and could properly learn to earn, and gained knowledge in btc.
The attitude to cryptocurrency largely depends on the first experience with cryptocurrency. If the result was positive, then the attitude towards it will be appropriate in the future. Also, such an attitude will largely depend on the degree of help from others, if a beginner in cryptocurrency has certain problems. Many sometimes face technical difficulties and, not knowing how to solve them, simply leave the cryptocurrency.
In my experience its seems that
[1] some people seem to just "get" btc almost as soon as they are introduced to it,
[2] others simply don't or
[3] become hostile without understanding BTC tech.
[4] Become hostile and do understand the tech.
The demarcation lines seem to me quite stark. Any theories as to why this is?
(I understand [5] those who just don't get it or are not interested, )
Many people do not know risk of bitcoin investment, they only keep on their mind bitcoin is faster way how to get much money with investing, they do not think bitcoin have side where price down their investment assets will lost, less communication and understand about how bitcoin investment working and how to get profit with bitcoin, never claim bitcoin is faster way to get much money.[1] some people seem to just "get" btc almost as soon as they are introduced to it,
[2] others simply don't or
[3] become hostile without understanding BTC tech.
[4] Become hostile and do understand the tech.
The demarcation lines seem to me quite stark. Any theories as to why this is?
(I understand [5] those who just don't get it or are not interested, )
They are just after the possible profit that they are considering but they don't consider the risk associated on it, and once they loss money with their investment, they will be depress and stressing out their selves. So, if we have friends that wanted to earn crypo, we should be able to suggest them to know risk management first.
In my experience its seems that
[1] some people seem to just "get" btc almost as soon as they are introduced to it,
[2] others simply don't or
[3] become hostile without understanding BTC tech.
[4] Become hostile and do understand the tech.
The demarcation lines seem to me quite stark. Any theories as to why this is?
(I understand [5] those who just don't get it or are not interested, )
Many people do not know risk of bitcoin investment, they only keep on their mind bitcoin is faster way how to get much money with investing, they do not think bitcoin have side where price down their investment assets will lost, less communication and understand about how bitcoin investment working and how to get profit with bitcoin, never claim bitcoin is faster way to get much money. [1] some people seem to just "get" btc almost as soon as they are introduced to it,
[2] others simply don't or
[3] become hostile without understanding BTC tech.
[4] Become hostile and do understand the tech.
The demarcation lines seem to me quite stark. Any theories as to why this is?
(I understand [5] those who just don't get it or are not interested, )
Depending on the explanation about bitcoin itself and the educational background also affects the ability to catch someone about
something new. Usually people are quicker to grasp the meaning of the first bitcoin because he likes to go first with bitcoin so his
thinking is more The second person who understands bitcoin faster, usually his educational background understands basic technology.
And the third one why people understand more about bitcoin depends on where the source is, the more trusted the source the easier
it is for people to accept. So indeed different each person captures a knowledge there is a fast and some are slow. Most importantly
there is still a desire to continue learning.
something new. Usually people are quicker to grasp the meaning of the first bitcoin because he likes to go first with bitcoin so his
thinking is more The second person who understands bitcoin faster, usually his educational background understands basic technology.
And the third one why people understand more about bitcoin depends on where the source is, the more trusted the source the easier
it is for people to accept. So indeed different each person captures a knowledge there is a fast and some are slow. Most importantly
there is still a desire to continue learning.
its more about how your introducd to it
Depends how your exposed to crypto-currencies.
I discovered bitcoin via some kind of news media years ago, tho I can't recall exactly what I was viewing on the internet. Most likely it was a story about btc hitting its then all time high when Mt. Gox was in the process of imploding. These days a lot of people know at least something about bitcoin, even if they don't own any and never will. The unfortunate thing is that the media reports bitcoin's ties to drugs and illegal porn and terrorism, and all of that is very unfair. That's the type of thing that makes me want to pull my pubes out by the roots.
Technical minded people will recognize the value of bitcoin, but we all know that the majority of the population is ignorant and believe everything they're fed from news outlets. They don't bother to look any deeper into bitcoin than what they hear from the media, so they think its some kind of tool for criminals. But that's all right. BTC is 10 years old and shows no signs of dying yet. The younger generation will surely realize its benefit and carry it forward.
It really how the person thinks that makes them really understand what bitcoin really is, or some people might experience something bad that is why its really hard for them to believe something that just come out of thin air to have an importance, experiences really is what really make them easily get it, and others dont
Bitcoin have been present years ago. And a lot of people started early. The fact that they work early, there’s a big chance for them to get bitcoin. Unlike those people who started late, it will be hard for them to have one due to the inconsistency of the price.
Basically, if we will going to look not to the price of bitcoin but to the functionality and effectiveness of it to become a substitute to the fiat it is enough to attract or to induce market adoption. What I can see that makes it hard is the other platform using bitcoin or other crypto in frauds that decrease the reputation of it. In addition, people's mind are close due to this, and they are already contented with what they have.
Bitcoin have been present years ago. And a lot of people started early. The fact that they work early, there’s a big chance for them to get bitcoin. Unlike those people who started late, it will be hard for them to have one due to the inconsistency of the price.
In my experience its seems that
[1] some people seem to just "get" btc almost as soon as they are introduced to it,
[2] others simply don't or
[3] become hostile without understanding BTC tech.
[4] Become hostile and do understand the tech.
The demarcation lines seem to me quite stark. Any theories as to why this is?
(I understand [5] those who just don't get it or are not interested, )
Some people are very interested in bitcoin why? Because they are know that bitcoin are good for a long investment and they know what the benefits they get once they get invest in bitcoin. [1] some people seem to just "get" btc almost as soon as they are introduced to it,
[2] others simply don't or
[3] become hostile without understanding BTC tech.
[4] Become hostile and do understand the tech.
The demarcation lines seem to me quite stark. Any theories as to why this is?
(I understand [5] those who just don't get it or are not interested, )
But some are not interested because they don't have knowledge about bitcoin and some maybe they have no money to invest on it.
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