From my side and folks I have seen... Many don't even know what is cryptocurrencies... Or the Blockchain technology. They only know there is something called bitcoin and etherium but the knowledge of the technology behind them is lacking in many people.
Getting into crypto.. I had to study to know lots of things.
It my surprise you that many people haven't even read the original bitcoin whitepaper. That just goes how much people know about these things..
Once folks get into crypto because of the hype... They start asking questions like When Moon? When Lambo and other similar disturbing questions.. And If they don't see significant growth soon.... Scam is the next word.... Truly as someone said.. The latest people onboard the crypto community..some are toxic..
In summary... Folk need to learn how to be better in crypto.
Peace!!!
Topic: Do you actually understand Ethereum? - page 14. (Read 2529 times)
It is quite complicated . But for now just learn about smart contract, gas price, sending and receiving tokens and if you can program bit, create your own customize tokens and sent to your friends, who knows you can even make ICO of your dream startup from the tokens .
Actually, Ethereum have some aspects difficult to understand at conceptual level (but I admit that the first time I tried to understand the blockchain I was lost in fog :-) )
Btw, you can work with ethereum even if you don't understand completely the matter (I'm pretty sure that 90% of people don't understand at all money, but they can use it daily!)
Btw, you can work with ethereum even if you don't understand completely the matter (I'm pretty sure that 90% of people don't understand at all money, but they can use it daily!)
It's not easy to understand Ethereum fully, it might take few years to understand. As far as i know it is a decentralized platform that runs smart contracts, these contracts may be the several applications that run exactly as programmed without any possibility of fraud or third party interference.Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality.
Check out my free Ethereum 101 course
Most people really dont understand Ethereum, which is going to be damaging to the market. I have heard friends and have seen posts even on here with people who are investing that dont even understand smart contracts, proof of stake etc
Did you know their are 2 Casper's?
When you invest in a coin, how much time do you spend researching it? I normally spend at least 3 hours learning everything I can from it before I attempt to make an investment of even $1. It is important to understand the coin from a general level, and if you can understand it from a technical level that is even better.
thank you for including a little knowledge about Ethereum, I was lazy to find out in detail what is Ethereum and the explanation in detail, Most people really dont understand Ethereum, which is going to be damaging to the market. I have heard friends and have seen posts even on here with people who are investing that dont even understand smart contracts, proof of stake etc
Did you know their are 2 Casper's?
When you invest in a coin, how much time do you spend researching it? I normally spend at least 3 hours learning everything I can from it before I attempt to make an investment of even $1. It is important to understand the coin from a general level, and if you can understand it from a technical level that is even better.
this is very helpful...
I don’t think that i completely understand the whole thing. You know, mostly it’s complicated and hard to understand whole details. But of course people should do more research & reading before invest in to anyhing.
Thanks for good info
Thanks for good info
Nobody, except crypto experts, understand the whole concept of a given coin or projects. We know only the base things about them. The rest is much more complicated than we can ever guess. This is same for ethereum as well. Complicated to understand it.
I understand some basics about it. But I definitely don't know enough. Thanks for courses, I will check them out!
I take sometime understanding Ethereum and its value,the different altcoins and also different markets.I try to understand it in order for me to learn more and be less complicating.
Wise words. I do spend some time understanding coins and even more for tokens and ICOs. I understand PoS and I think it will have a big effect on all coins. I only know of one Casper although I know there are two possible implementations of PoS.
Thanks
In the course I talk about the different implementations. Im just new to ethereum and i read alot about it. Thank you for sharing this. It will be a big help for me.
Thanks I appreciate the kind words, PM me if you need extra help.
I don't think I know much about ETH, and I don't even know how the ETH's smart contract is used, but I know that it's a bull market and that investing in ETH can make me profitable.
If you dont actually understand it though, it brings a lot more problems and your risk management will be off.
Thanks a lot for giving your advice there. I agree with everything you've said and I hadn't really stopped to consider all of those things initially. If I were to say 1 good thing about them, I was watching one video where the dev team did a bit of a q&a, and they implemented that they were interested most in investing in ICO's that were going to change the world in positive wat. Still, I think your right and I can see problems arising in the future, I'll probably think twice now and just keep an eye on what they are doing.
Yeah man
The more aware you are of what is going on in the market in general , and more specifically with the potential token/coin the better off you will be. I think we are hundreds of people that just know that Eth is profitable. I want to know more about it but to be honest, it will take many hours for sure to understand it for people like me that has no background on programming or any tech related stuff so I'll wait for my local news to explain it all.
Taking the time to actually understand it is 100% worth it, I mean think about it. If you invest $1k and 5x your money and spend 5 hours really learning i. You made $800 an hour.
Thanks for sharing this thoughts and ideas I learned a lot of things about ethereum.
I posted a lot of different coin courses if you are interested in those. PM me if you need help.
Being a trader is something I am interested in, but not something I can allocate a lot of time to (such as your 3 hours). So what I do and what I'd recommend for others like me is to find some traders whose recommendations you believe in and who do their due diligence and then follow their advice and suggestions. In some cases, those traders may have actual analytical departments working behind their recommendations, which will do more work of better quality than an average individual can with three hours.
If you cant allocate a lot of time, I would recommend investing smaller amounts. You can follow others, however it is best to really learn it yourself, but if you follow then you dont want to invest as much.
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I think first I don't really know about ethereum then in a second try of using it I really focus myself in understanding it and it is really bit hard but I successfully understand a little bit part of ethereum and now I'm doing it again.
I only knew about ethereum that it is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. But since you shared about this ideas I have learned much now.
Great information,
Thank you.
Thank you.
I've been following the development of ethereum coins in the past few years, and I think the ethereum coin is very good and deserves to be a coin in cryptocurrency that has a high price. so I think there must be many people who understand the ethereum before investing.
In fact im not sure what ethereum is, i buy them and use them to invest ico just like most people do, it is only a invest tool to me.
Yes, I think the whole cryptocurrency market is really a speculative market, and sometimes I even think it's a ponzi scheme, but it still doesn't affect the way we make money. 
I don’t think that i completely understand the whole thing. You know, mostly it’s complicated and hard to understand whole details. But of course people should do more research & reading before invest in to anyhing.
Thanks for good info
Thanks for good info
when i am just starting in bitcoin i learn ethereum too and other coin but what i learn is it will give you profit. only this last year/s that i started to study it and learn what really can they do and i am still learning.
by the way thanks for sharing this.
by the way thanks for sharing this.
I like the Ethereum network, and the information you provide, is enough to make consideration for me to decide to invest in the long term.
In fact im not sure what ethereum is, i buy them and use them to invest ico just like most people do, it is only a invest tool to me.
I don't think I know much about ETH, and I don't even know how the ETH's smart contract is used, but I know that it's a bull market and that investing in ETH can make me profitable.
I think we are hundreds of people that just know that Eth is profitable. I want to know more about it but to be honest, it will take many hours for sure to understand it for people like me that has no background on programming or any tech related stuff so I'll wait for my local news to explain it all.
Yes many hours or maybe a day or more to understand the technology.
I am also not basic on programming, so its difficult to really undertsand. But at least now i have profit from it. Thats all i understand.
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