Topic: Is bitcoin difficult to understand - page 5. (Read 4943 times)

At first it was difficult to study the world of cryptocurrency when we first started struggling in this field. and this I feel myself because when I saw bitcoin I was immediately interested but did not understand the basics of the crypto world itself.
but for now it is actually very easy when we are serious about wrestling with this world (Crypto World) a lot of discussions about crypto and bitcoin start from articles, videos etc. and in this forum there is actually a lot of knowledge that we can take, especially in bitcoin.
it depends on the person who wants to learn it, whether it is really true or just following the trend.

In its earliest days, it was almost impossible for ordinary peoples to understand and use bitcoin. Nowadays, it's easy to use, however, it's still difficult to understand the technology itself. At the same time, i think it's not necessary for people to understand the code behind bitcoin in order to use it .

It is easy! bitcoin is a currency that allows the exchange between two people, a simple p2p ...^-/1/-

When bitcoin is consolidated or let's say the adoption is massive, people will forget the technicality of bitcoin and will be 100% operational.

What happens with current banking or traditional banking(!?) you don't see anyone asking what traditional banking supports, how a transfer works, etc.

Actually, before learning advanced concepts of bitcoin, the first thing to do with those people who want to discuss bitcoin, is to correctly explain what you know of your bank or what you think you know of your bank and contrast the benefits of bitcoin...

... but people are so ignorant of how traditional banking works that they really ignore the disadvantage that exists, even things as simple as blatant account maintenance fees, transfer fees, consultation fees, how they take your money and reinvest it at rates of loan "sharks" reimbursement.

The above is only a small section, but concepts such as custody, decentralization, etc. should be explained within what people "could" know about traditional banking, but many of these people do not understand traditional banking in its technicality only It is interesting for they to be operational... so the explanation of bitcoin in its global concept seems to them a unicorn.

So please don't take it "ambiguous" is what I understand in your answer with ... "now it is sophisticated, open Google,"

-/1/-: "Bitcoin is an innovative payment network and a new kind of money"
Source:https://bitcoin.org/en/

Let's not be so sophisticated or just try to solve with "open Google" we can start with something simple and so simple like a link that really helps to understand bitcoin with the basics and if you want to become an expert in bitcoin/Bitcoin.

Actually it needs to work through bitcoin. Bitcoin isn't a complected thing. Anyone can gather knowledge about bitcoin and other crypto currency. By born, people don't learn everything. We have to understand by familiar with it.

there are many ways to explore knowledge about bitcoin, now it is sophisticated, open Google, there must be a lot of discussion about bitcoin as long as there is a will, I am sure it is fast to find out bitcoin.

Nothing is too difficult if you really want to learn about something. I was a little scared when i purchased BTC first time but then i learned a lot about it and glad that I did it.

Hello everybody. There is no particular secret here - a purely technical understanding is available mainly to programmers, but mostly people in this cryptocurrency market are interested in the financial component of understanding Bitcoin. It is clear that without basic knowledge of cryptocurrency, you will not earn much even on speculation, but you can always get answers to the main points and questions on this forum. The road is mastered by a pedestrian - to understand, you need to make at least some effort. I am not a professional trader, but I even understand that the bitcoin price chart moves mainly according to a certain algorithm. It is clear that it is impossible to know everything, otherwise everyone here would be millionaires. I also believe that in bitcoin trading 80 percent - stress tolerance and psychology are important, even if you are a PhD in math, there will be no success in cryptocurrency without constant endurance.

You are living in a modern technology meeting 4.0 so I find out about Bitcoin very easily. You can search on social networks There are many articles about Bitcoin to choose from. Or you can buy a book about Bitcoin in any bookstore. Or you can chat with someone who knows about Bitcoin they will convey your knowledge. Learn Bitcoin to invest in enrichment. What do you think about this issue?

It is not about passion but instead this is about knowledge and understanding.
Yeah that's great advise , Social media is open more now and almost everything that we wanted to know is there, but of course there are still bad elements that we must prevent to engage.
Lol This forum is the best teacher , Ask everything here and check for the correct and best answers.

Bitcoin is not really confusing. If you are passionate about and want to invest in bitoin, you will have a lot of ways to learn. You can read specialized electronic books. Or learn through media, social networks. You can learn from people who have joined Bitcoin. Their very valuable sharing that are real things they have experienced. I appreciate those experiences. Learn carefully before entering the electronic money market. Large profits but great risks.

Bitcoin really does not understand, because this is its concept of creation in my opinion, it has more questions than answers. Everyone is attracted by this, his secret of the creator and in general his origin, what can I say about the creator, whom no one has seen.

There are a lot of worthy books for those people who want to understand Bitcoin like "Mastering Bitcoin", "Cryptocurrency" and "Bitcoin From Beginner to Expert".

Is true that Bitcoin is very difficult to understand without learning the primary things that's involves in Bitcoin, myself since I joined the forum last year I have been trying severally to understand Bitcoin scenario but I find it difficult just of recent i understand the basic things of Bitcoin, what I know is that to understand bitcoin very simple is with the help of bitcointalk community, and we can study Bitcoin very well.

everything will be difficult if we want to learn and understand what we want to learn. but if we want to learn, God willing, everything will be easy. Likewise, we learn bitcoin sooner or later we can. As long as there is a will there is a way. especially now. already assisted with technology. God willing, the difficult will feel easy.

Though Bitcoin is quite complicated and yes it is not easy to understand specially those who are new to this kind of system, and its also hard to explained to those whoa re not used to it either but for those who are really interested and have the patient to dig in to study more about it soon they will understand it, they will get the information they needed and can get along with other things related to it. I Believe there are many site to go to if you really want to know about bitcoin.

Bitcoin and blockchain technology has been broken down to the level that a lay man can understand. Moreover, there are a lot of information both in text and graphics that makes understanding blockchain technology easier than can be imagined

It's not required to understand the technical side of bitcoin but if you really want to assess the legitimacy of this altcoin, you should research more about it. Most of us don't know how does it work and the protocols but it's fine as long as they trust and know how to make a profit from this.

But IMO, I really think that bitcoin and its technical side is pretty easy to understand since most of the information can be gathered through the internet and there are a bunch of explanations on YouTube we can watch. There are also easy ways to teach a person with a simple analogy in order to define what it is.

People don't need to understand the technical side of bitcoin, coz even most of the people on this forum doesn't know more in technicalities of bitcoin and cryptocurrency.

Understanding the basics such as why bitcoin was created, how sending/receiving bitcoin works, how important saving/have a backup of their seed, the differences of non-custodial/custodial wallet is enough for average person to start bitcoin/crypto. While learning more is much better ofc.

As bitcoin is a modern electric currency of the new era that's why generally it's a little bit complicated to understand for in general people. But if you will proper study about this topic then ultimately anyone would be experienced. Here are the bitcoin and cryptocurrencies online courses free of cost.

For those who have little knowledge about the workings of the internet or computers, then understanding bitcoin would seem as a Herculean task, but for the average joe that probably had a supercomputer in his pocket and a desktop on his room, bitcoin would be easy to understand. One doesn't need to know the inner workings behind it as it is something you can't expect to be basic. Just the regular and easy to catch info about bitcoin is more than enough to educate people about bitcoin.