Topic: Crypto is not friendly to beginners. (Read 379 times)
The whole crypto ecosystem needs to mature building over the time even more user-friendly and convenient platforms.
I agree plus many Tv News and websites news are trash talking anything related to bitcoins and cryptocurrencies this last months. Words like Scam, fraud and prices falling can scare away any beginner, potential investor or trader. Rumors have done a lot of damage (I recommend you guys watch the Wall street Movie)
When I introduce crypto to my colleagues, only one of the 10 people will discuss it with me, and more people just listen to what I said, they are only politely replyed me: This is good, I will go to understand it later.
Maybe its not that bitcoin is not friendly/too hard for beginers. Maybe reason for this is you explaining it wrong or too deep in terms of technical things.
When i introduce people to bitcoin, its really really hard job, because they have often hard time to know how to explore internet and bitcoin is more advanced than that. Im always explaining it with most easy terms possible that everyone would know. Its not right, but right enough to get them interested and they find out more on their own.
This is a big problem for cryptocurrencies. Many projects are working on a more user-friendly dashboard. Soon it will be easier. At the moment, Coinbase can be given as an example, I think that their interface is one of the easiest.
Cryptocurrencies have become widely known not so long ago and many people do not understand how it works, they think that this is ponzi scheme and worth nothing. They need more time to understand the essence and see the full potential of crypto.
I guess these people are either not interested in knowing crypto or as what OP said, they think crypto is a scam. Anyway OP, you have done your best. Let them decide whether to venture further in crypto or not.
I don’t think it’s about the beginners. First, it’s the perception of information given in the media, unsupported by actual knowledge of a person listening. Secondly, why should you be motivating your colleges to work with crypto? When a person is interested, he starts asking questions, looking for a potential growth, gaining knowledge and coping with whatever unfriendly interfaces there seem to be. Nothing is given for granted and no revenue comes easy. But, never try to impose your own beliefs on other people
You think so too?, well you are right that it's not about beginners. Beginners can learn too and become an experts with the help of experts and search in internet. I guess that's one of the reason why crypto is not friendly to beginners because of the media especially those people who post to the media and said something megative about the crypto that will make the beginners not interested. Fake news and more will bring negativeness in crypto and some may think it's not beginners friendly but it's not.
I don’t think it’s about the beginners. First, it’s the perception of information given in the media, unsupported by actual knowledge of a person listening. Secondly, why should you be motivating your colleges to work with crypto? When a person is interested, he starts asking questions, looking for a potential growth, gaining knowledge and coping with whatever unfriendly interfaces there seem to be. Nothing is given for granted and no revenue comes easy. But, never try to impose your own beliefs on other people
I think the main reason is they fear losing their investment. Crypto is unpredictable if you don't know how it works better not attempt it or you will end up losing your money. Cryptocurrency is well-known in other country yet in others the majority of the feedback about it is "scam" clearly they don't think about blockchain technology and absence of information made it hard for them however later on if there will be a mass adoption like shopping centers with crypto payments everywhere throughout the world it will urge them to inquire about it and comprehend what is digital money.
I was in the same boat as you. Funny thing is, the people you try to teach bitcoin about now who aren't interested will be your best friend as soon as the bull market returns. Dont make the mistake of thinking their new found interest will be anything other than FOMO, also, expecting you to tell them when they need to buy and sell, and, if they make a loss, it will be your fault...
People need to have a clear understanding that there is more to cryptocurrency than buying bitcoins. There are lots of potential in the blockchain technology and there are new projects getting introduced regularly.
And bitcoin has various applications and uses, other than as an investment to hodl.
The bearish market is not so attractive for potential investors but I always a good time to learn how the market works at a bad turn, so they'd be prepared for it, other than buying at the crest and expecting the wave to last forever.
And bitcoin has various applications and uses, other than as an investment to hodl.
The bearish market is not so attractive for potential investors but I always a good time to learn how the market works at a bad turn, so they'd be prepared for it, other than buying at the crest and expecting the wave to last forever.
Dont forget that we are still at the very beginning of the crypto market. A lot of people only know about BTC and co. due to the massive media coverage in late 2017.
But you are right, buying and storing coins isnt that easy for unexperienced users, there is no friendly bank assistant who can do the transaction for you and manage your portfolio if you want to.
But I am definitly sure those times will come, ETF is a first step in this direction.
But you are right, buying and storing coins isnt that easy for unexperienced users, there is no friendly bank assistant who can do the transaction for you and manage your portfolio if you want to.
But I am definitly sure those times will come, ETF is a first step in this direction.
Your missing the point of it P2P no third party, I really hope this never happens,
There is many resources out there to help people learn how to store there coins safely without the need for a third party to store them on the behalf of the owner this is really taking away the main principal of bitcoin.
I would advise any new user to only buy a limited amount of bitcoin and learn how to store it in a paper wallet or hardware wallet and learn how to store there private keys.
There is no point handing the "buck" to a third party just because it's "easier" just remember when someone else is holding your bitcoin on your behalf you have "NO" bitcoin.
You are right OP in a positive and constructive way. There is really a loophole for bitcoin as other users stated that bitcoin is still new and was only getting some attention on its ATH market price value on 2017. Yes, Crypto is not friendly not only to beginners but also to new comers that are interested to join without even thinking on the high risk they had been into after joining. I have been experiencing investing bitcoin knowing that it reach already its baseline of market price but later on find out that bitcoin had made a huge market price fall down. Now, I am stuck at holding for it could not help selling it in the cheap price.
Thank you for all your answers, I understand now how I should do it！
But I am definitly sure those times will come, ETF is a first step in this direction.
What is ETF? As far as I know, ETF is the Bitcoin trading fund. What benefits can it bring to crypto?Well from my own opinion you where trying to lure or entice them into cryptocurrency rather you should have educated them.
You might also need to learn more yourself first in other to achieve that.
Cryptocurrency is quite friendly to beginners If the interest is strong and the basis is learnt
Maybe you are right, in their opinion I seem to be enticing them to buy crypto.You might also need to learn more yourself first in other to achieve that.
Cryptocurrency is quite friendly to beginners If the interest is strong and the basis is learnt
Yea that's right in my place too, most people in my country didn't believe Crypto and they think is imposible can exchange it to real money. They think is too dangerous like a gambling online or scam in online marketplace.
I guess my colleagues think so too, some of them also have such doubts.legal framework, price stability, TX speed, TX low cost, network scaling, personal security, etc. Still way to go …
So how long does it take to finish the way? Once all these are done, will Bitcoin be indispensable in our lives?I tell them that bitcoin is still being developed and will hopefully be ready in x number of years.
Ok, I know what I should do.People who haven't used or heard about Bitcoin dont understand why they need them.
I just think crypto is good, so I am willing to let my friends know about it. 
People who haven't used or heard about Bitcoin dont understand why they need them. Unless it is an investment or used for speculative reasons they dont see the point in paying for something with Bitcoins when they have been doing that with cash/fiat their whole life.
One of the mayor obstacles for crypto currencies is the lack of Customer Support. Who do you contact in case of an issue with Bitcoin? Nobody.
And that is the problem that make people turn away from Bitcoin. With financial institutions they will always have that feeling of safety and protection being able to call the Customer Support and asking for Help.
One of the mayor obstacles for crypto currencies is the lack of Customer Support. Who do you contact in case of an issue with Bitcoin? Nobody.
And that is the problem that make people turn away from Bitcoin. With financial institutions they will always have that feeling of safety and protection being able to call the Customer Support and asking for Help.
It's completely understandable how people aren't comfortable with handling bitcoin. I mean, the concept of a decentralized cryptocurrency alone is going to be kinda mind boggling for people, as everyone's been so used to having money that's government regulated.
Personally, when I show/present bitcoin to other people, it's pretty much the same with your experience. It's too overwhelming for them. Because of that, I make it a habit of telling them that the current bitcoin we have right now isn't THAT ready for everyone yet. I tell them that bitcoin is still being developed and will hopefully be ready in x number of years.
Personally, when I show/present bitcoin to other people, it's pretty much the same with your experience. It's too overwhelming for them. Because of that, I make it a habit of telling them that the current bitcoin we have right now isn't THAT ready for everyone yet. I tell them that bitcoin is still being developed and will hopefully be ready in x number of years.
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Those are some of the issues that the cryptosphere faces, and now that there is less hype and fear of missing out, people tend to think it through more before entering this world.The focus you’ve versed in the OP is basically from the investor’s point of view, which is where the vast majority of society is focused. If we move things along to the usability plane, things don’t get any better at all, since generally we will find a scarce amount of real day to day user cases where crypto can be used in our environment and day to day life.
In a society where things change at a very fast pace, ease of use is essential to allow people to adopt and assimilate the changes. Crypto is not yet easy to use, nor really understand for the mainstream audience, and that will need to be addressed if we want operational usage to be widely accepted. The other ingredients will also need to be added to the recipe: legal framework, price stability, TX speed, TX low cost, network scaling, personal security, etc. Still way to go …
Yea that's right in my place too, most people in my country didn't believe Crypto and they think is imposible can exchange it to real money. They think is too dangerous like a gambling online or scam in online marketplace.
MLM-style propaganda will only be counterproductive.
What we need is to tell others about crypto as much as possible, instead of suggesting others to buy as much as possible.
If your friend immediately falling after buying crypto, then he will probably think you are cheating on him and may never believe in crypto anymore, so I never recommend anyone to buy it.
What we need is to tell others about crypto as much as possible, instead of suggesting others to buy as much as possible.
If your friend immediately falling after buying crypto, then he will probably think you are cheating on him and may never believe in crypto anymore, so I never recommend anyone to buy it.
How can one buy coins as soon as one gets into the system,this things take time,its a learning process,and it's gradual..
The problem may be from you(tutors),probably they were introduced with the aim of a get rich quick scheme,and it happens not to be so here,so such individuals get dismayed when they learn the hard way..
As long as one goes through the learning process,and studies how to climb the ropes, definitely in the long run such individuals will benefit from the crypto world
The problem may be from you(tutors),probably they were introduced with the aim of a get rich quick scheme,and it happens not to be so here,so such individuals get dismayed when they learn the hard way..
As long as one goes through the learning process,and studies how to climb the ropes, definitely in the long run such individuals will benefit from the crypto world
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