Is bitcoin difficult to understand - page 12.

FlightyPouch

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Quote from: GeorgeJohn on September 24, 2020, 05:13:49 PM

Quote from: bonjouros on September 24, 2020, 01:14:09 PM

There are many articles that talks about bitcoin or a guide about bitcoin. What is the problem right now is most of the newly investors want to have an easy life, they don't like digging some useful information or reading some guides on how they can use cryptocurrencies correctly and etc.

All are in the web, only lazy investors will find difficulty in understanding what is cryptocurrencies. If you are just resourceful then starting your journey in crypto world is very simple.

Many investors know very well about bitcoin because before you go into business you most know the rudiments of business, we are emphasizing on how difficult is bitcoin to understand to learners how to want know about btc, you can know btc when we Passion on it.

You can't make new users or investors to be passionate that quickly with bitcoin or other crypto currencies that well, it doesn't actually work like that. Unless they experienced getting good results in the near future, they would either read or find a way to know more about it or they would continue what they are doing to keep on getting that results.

You are pinpointing how could we attract those people that are not used to technologies but it wouldn't be that easy. They don't have that time to learn all about bitcoin, learning how to use it would be fine.

chanler

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It would be a good idea to create this specific guidebook on bitcoin. Because it is quite difficult to explain bitcoin to ordinary people. If we just tell stories, not necessarily people will believe. Moreover, those who think that bitcoin is a scary investment and very close to a loss.

semobo

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Quote from: GeorgeJohn on September 26, 2020, 09:09:15 AM

Quote from: imstillthebest on September 26, 2020, 04:23:04 AM

Quote from: ?? on ??

Nothing is difficult as long as you want to learn,

if this is true then all people are now living on the life the way they want it to be but they arent . there is something that holds us back .

Quote

I suggest that those who want to learn don't stop at books but open the internet can be easy.

you mean we dont need to stop learning on the internet but we can continue learning on books .

we cant always carry the internet with our hands or on our pocket but books are verry versatile . there can be facts that are not present on the web but we may find these out once we browse on the books .

See we can learn in both side, but internet is the shortest way for we to learn and understand it small, for the young adults,while text book will enable them to study it more better and it will stick in their memory for a long period than studying with Internet.

What about ebooks? Convenient, cheap and no internet is needed to read them!

But books are not necessary to learn about bitcoin, just a common internet knowledge is enough in my opinion and also they need to have the knowledge of how money works or else people will never understand decentralization and other things.

Silberman

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Quote from: witcher_sense on September 22, 2020, 02:29:24 PM

Quote from: Silberman on September 22, 2020, 12:00:04 PM

I agree that we need to keep learning about bitcoin as much as we can but for the most part the average user of the future does not really need to worry too much about it as long as they have the very basics ingrained on their mind, another important concept for people to know is that they understand that there is no bank that has their back, if they lose their coins for the most part they are on their own which is why it is critical to learn to secure your coins properly.

The question how to keep bitcoin private keys safe is very important and, at the same time, highly challenging concept for average people to comprehend. Even those people who consider themselves security experts sometimes fail at storing bitcoin completely secure. Having to be responsible for own money scares people, self-custody is definitely not for everyone. However, before we dive into complexity of technical stuff, there is another interesting question that needs to be answered - why. Why bitcoin exists? Why would ordinary people keep it safe in the first place? From my point of view, people first should learn "ideological" part of cryptocurrency space in order to start valuing bitcoin. When they know why bitcoin has value, it becomes easier for them to store it properly.

People are not going to get that easily why something like bitcoin exist, people have very short memory and despite all the historic evidence pointing out that economies crash all the time and they take their fiat currencies with it, despite contemporary examples of this like Zimbabwe and Venezuela being there for them to acknowledge this truth they are not going to get it, because deep down they do not want to believe this can happen in their country, it is because of this that I do not believe the majority of people will understand why we need bitcoin until an enormous crisis hit us, but by that time it will be too late for those people to protect their wealth with bitcoin.

GeorgeJohn

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Quote from: imstillthebest on September 26, 2020, 04:23:04 AM

Quote from: ?? on ??

Nothing is difficult as long as you want to learn,

if this is true then all people are now living on the life the way they want it to be but they arent . there is something that holds us back .

Quote

I suggest that those who want to learn don't stop at books but open the internet can be easy.

you mean we dont need to stop learning on the internet but we can continue learning on books .

we cant always carry the internet with our hands or on our pocket but books are verry versatile . there can be facts that are not present on the web but we may find these out once we browse on the books .

See we can learn in both side, but internet is the shortest way for we to learn and understand it small, for the young adults,while text book will enable them to study it more better and it will stick in their memory for a long period than studying with Internet.

imstillthebest

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Quote from: ?? on ??

Nothing is difficult as long as you want to learn,

if this is true then all people are now living on the life the way they want it to be but they arent . there is something that holds us back .

Quote

I suggest that those who want to learn don't stop at books but open the internet can be easy.

you mean we dont need to stop learning on the internet but we can continue learning on books .

we cant always carry the internet with our hands or on our pocket but books are verry versatile . there can be facts that are not present on the web but we may find these out once we browse on the books .

Fredomago

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Quote from: ?? on ??

Bitcoin isn’t hard to understand its a function of interest one puts in that determine the level of understanding. Bitcoin is a legal and most countries around the word accepts it. So the knowledge of bitcoin is not hidden. Like I said initially it’s a function of choice of the individual.

Bitcoin already in a mainstream so you are correct its no longer hidden, you can find information around the web if you are really interested in learning everything about this investment currency. It's your own explanatory ideas that will let you benefits from this market.

Quote

Nothing is difficult as long as you want to learn, especially in this sophisticated era you can learn via the internet and find information easily, so I suggest that those who want to learn don't stop at books but open the internet can be easy. , learning also from experienced people is very necessary.

Very true! there's no hidden thing if you keen in learning internet is your tools to understand. It takes time and lots of efforts to
really gain the understanding but once you fully get the ideas then expect to gain huge benefits.

mezzaluna

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Quote from: skarais on September 25, 2020, 11:12:29 AM

Quote from: AjithBtc on September 25, 2020, 10:59:38 AM

Understanding Bitcoin is little bit complicated for the users who aren't much used to technology/computers. With the continued development people find it easy to use as more number of user friendly wallets and other service applications are available. Based on the briefing about cryptocurrency, there'll be difference in understanding. Self learning is the best choice to know about bitcoin after getting little basics from a known person.

It is complicated ? Yes and many people admit it. I don't think that everyone who uses bitcoin should have any technical knowledge about it. As an effort to simplify, bitcoin is a cryptocurrency whose use can pay for anything with the consent of both parties. I didn't study bitcoin technically, but I just took advantage of its functions like currency and trading assets.

That is what people need to understand about Bitcoin. Studying it would only give you the book smart regarding about it and experiencing Bitcoin like what skarais did is actually better. That is what happened to me and it really was a better way to learn about the whole Cryptocurrency Industry.

Also, if you're talking about wallets, I automatically suggest that whatever you do within the Crypto Industry, DOCUMENT IT or RECORD it. Its quite hard to keep track of whatever you are doing but having a notepad open while creating accounts or keeping tabs of what you are left doing revolving Cryptocurrencies would be good to be documented but don't do it publicly so just keep it within personal reach.

skarais

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Quote from: AjithBtc on September 25, 2020, 10:59:38 AM

Understanding Bitcoin is little bit complicated for the users who aren't much used to technology/computers. With the continued development people find it easy to use as more number of user friendly wallets and other service applications are available. Based on the briefing about cryptocurrency, there'll be difference in understanding. Self learning is the best choice to know about bitcoin after getting little basics from a known person.

It is complicated ? Yes and many people admit it. I don't think that everyone who uses bitcoin should have any technical knowledge about it. As an effort to simplify, bitcoin is a cryptocurrency whose use can pay for anything with the consent of both parties. I didn't study bitcoin technically, but I just took advantage of its functions like currency and trading assets.

AjithBtc

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Understanding Bitcoin is little bit complicated for the users who aren't much used to technology/computers. With the continued development people find it easy to use as more number of user friendly wallets and other service applications are available. Based on the briefing about cryptocurrency, there'll be difference in understanding. Self learning is the best choice to know about bitcoin after getting little basics from a known person.

Jstandhope

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Quote from: GeorgeJohn on September 23, 2020, 01:50:11 PM

Quote from: CODE200 on September 22, 2020, 06:00:58 PM

Bitcoin is not that difficult to understand if you will start on learning the basics first before starting to do any engagements that relates to Bitcoin because having no prior knowledge about anything do really makes it hard to understand it whether it is Bitcoin and other stuffs in this world. I think one of the reason why people find it so hard to understand Bitcoin at the first place is they are really not that interested on the concepts about Bitcoin for they really care and focus on just using it as a source of income and jumping into engagement without learning it first which results to fail outcomes. Also, some people are already jumping into complex and technicality concepts which is pretty good for advance attainment of knowledge about Bitcoin but if you want to understand it duly, better start of with the basics and step by step rise up the level of difficulty until you get into learning the complexities of it and then you can understand it. Thorough research would also make help to better understand Bitcoin.

Yeah it really depends on the level of IQ the learner has and also the interest of learner, because knowing the basic concept of bitcoin does not means that you can analyze bitcoin.

I seen that the only thing that will make human to understand bitcoin easily is to have a personal tutor that will analyze the concepts of bitcoin stanza by stanza. And also show soome evidence by using video as one of the criteria, because learning online without a tutor it will get long before a learner will comprehend BTC.

Very well Sir, you just spoke my mind. This was actually what I had in mind. You are very accurate in my opinion. You see people need tutors for this things to be made easy especially when it has to do with learning.

Jstandhope

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Quote from: bonjouros on September 24, 2020, 01:14:09 PM

There are many articles that talks about bitcoin or a guide about bitcoin. What is the problem right now is most of the newly investors want to have an easy life, they don't like digging some useful information or reading some guides on how they can use cryptocurrencies correctly and etc.

All are in the web, only lazy investors will find difficulty in understanding what is cryptocurrencies. If you are just resourceful then starting your journey in crypto world is very simple.

You are very correct sir, I understand that many new learners especially the young ones wants easy things and quick. They don't like things that they will spend energy on. I also know there are lazy ones who don't like work but want money. But there are some too who a very dedicated and hard working but been that it's the first time they are introduced to crypto currency it will be difficult at first to understand. I have been there before. It was not easy understanding crypto currency at first. And I don't blame them for that. From Experience you can't understand a book in a day and for reading it the first time. But the problem is just dedication and determination. You made a very great point sir and I agree with you.

Jstandhope

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Quote from: kawetsriyanto on September 24, 2020, 05:56:24 PM

Bitcoin is difficult to understand by newcomers or beginners only. That's normal because some people even don't know anything about Bitcoin or crypto coins. While for experienced people, must know about Bitcoin and the potential for its future. Well, there is no problem with it, Bitcoin is still a young innovation compared to others. I am pretty sure that day after day, people will be more familiar with Bitcoin. Then, they won't have difficulties to understand it once they can get the information about Bitcoin easily and massively.

You made a very nice point sir, you see in this life things does not get easier the first time. Remember the first day attending high school or any academy for the first how things looked. It's as if someone just went for an excort lolz. But after the first day, second day, and third and like a week and months things became clear. And at a point one can even teach others. It's always difficult for the first time especially first attempt.

Jstandhope

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Quote from: GeorgeJohn on September 11, 2020, 09:07:45 PM

Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.

I agree with your point. It's a very nice idea and I believe there are books already available to people out there. But you know in this time we are many young people don't like reading at all. Our school system has made education look difficult and most times discouraging. So you see from my observation young people love entertainment so I will suggest if there are ways to make the learning of Bitcoin and other crypto currency entertaining. I know videos are already available. But if there can be more videos clips with simplified language for easy understanding it will help newbies alot.

Jstandhope

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Bitcoin it's self is not difficult to understand if someone understands fisca currency or paper money. Because they do the same thing but different idea. But what I think makes Bitcoin difficult is some of the terminologies associated with it. Terms like block chain, nodes, mining, and many others. So all these terms are not just simple terms they mean something and so understanding what all this mean and for someone hearing it for the first time makes it difficult to understand. I am writing from experience. I have been there before. I have heard about Bitcoin for the past 3 years but when I decided to go into crypto currency and I was given a little tutorial oh goodness. I fell asleep because I didn't understand nothing. The terms were difficult to understand. But as time goes by things gets better.

kawetsriyanto

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Bitcoin is difficult to understand by newcomers or beginners only. That's normal because some people even don't know anything about Bitcoin or crypto coins. While for experienced people, must know about Bitcoin and the potential for its future. Well, there is no problem with it, Bitcoin is still a young innovation compared to others. I am pretty sure that day after day, people will be more familiar with Bitcoin. Then, they won't have difficulties to understand it once they can get the information about Bitcoin easily and massively.

GeorgeJohn

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Quote from: bonjouros on September 24, 2020, 01:14:09 PM

There are many articles that talks about bitcoin or a guide about bitcoin. What is the problem right now is most of the newly investors want to have an easy life, they don't like digging some useful information or reading some guides on how they can use cryptocurrencies correctly and etc.

All are in the web, only lazy investors will find difficulty in understanding what is cryptocurrencies. If you are just resourceful then starting your journey in crypto world is very simple.

Many investors know very well about bitcoin because before you go into business you most know the rudiments of business, we are emphasizing on how difficult is bitcoin to understand to learners how to want know about btc, you can know btc when we Passion on it.

bonjouros

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There are many articles that talks about bitcoin or a guide about bitcoin. What is the problem right now is most of the newly investors want to have an easy life, they don't like digging some useful information or reading some guides on how they can use cryptocurrencies correctly and etc.

All are in the web, only lazy investors will find difficulty in understanding what is cryptocurrencies. If you are just resourceful then starting your journey in crypto world is very simple.

GeorgeJohn

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Quote from: jaypiepie on September 24, 2020, 11:36:40 AM

Quote from: GeorgeJohn on September 11, 2020, 09:07:45 PM

Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.

for my self opinion bitcoin is easy for me to understand because i almost 4 years been long to this industry and i know how to difficult it is theres so many trials and suffering to involving in cryptocurrencybut i will victorious all suffering,and my advice to all beginners in crypto make sure that you will be wisely to choose in crypto project

Bitcoin is only easy to understand for beginners if you only have the preknowledge of cryptocurrency and especially bitcoin,and if newbies want to understand bitcoin more better try to be conscious about it and also be determine and pay attention to it with serious and carefullness

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Quote from: GeorgeJohn on September 11, 2020, 09:07:45 PM

Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.

for my self opinion bitcoin is easy for me to understand because i almost 4 years been long to this industry and i know how to difficult it is theres so many trials and suffering to involving in cryptocurrencybut i will victorious all suffering,and my advice to all beginners in crypto make sure that you will be wisely to choose in crypto project

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