the difficulty for an ordinary person is that the blockade is not very applicable so far in practice, in everyday life ... but only with one theory it is still difficult to convey to the common people the whole essence of technology
Topic: Is Bitcoin too complicated for ordinary folks? - page 16. (Read 2337 times)
I think many people just see bitcoin as scam or a waste of time. If you try to explain into an ordinary people you will have a hard time to explain to them. And also they will have a hard time to understand. Bitcoin was for me, only for the risk takers. If you dont have a gut and patience. Bitcoin was not for you.
I also experience the same thing as you. It is not easy to explain to them what bitcoin is and what is its purpose. They are already brainwashed by all those negative news out there without even bother to check the truth.
The best thing to do is just answer their question when they have some in mind. Dont bother to start or even trying to convince them to invest in bitcoin. It depends on them personally where to put their money
That makes sense especially considering the technicalities behind bitcoin and the blockchain. Even if you already know the basics of bitcoin and the cryptos, but trading your cryptos to bitcoin and trade it to fiat takes a real technical know how before you can successfully make it.
looking at bitcoin as a full currency is not easy. the process of time it is needed, because not only us who think bitcoin into currency.
I think my bitcoin experience is somewhat complicated for ordinary people or new users, because it needs a detailed knowledge to understand about the actual bitcoin
bitcoin is a bit complicated for ordinary people but if the willingness to learn is very high this bitcoin certainly does not feel complicated. at first bitcoin is complicated but over time it will feel very cheap even they will work in this bitcoin every day.
The world of technology will be more advanced we have to prepare ourselves for new technology if we want to advance too. Bitcoin is too complicated if someone does not want to learn and if in complexity do not want to consult with someone who is experienced then that's where difficult things will be experienced.
Bitcoin may seem difficult for those who do not understand technology and do not understand anything in Economics and Finance. But if you carefully study the information, it is quite possible to understand this. Main desire.
I believe that it is complicated to the elderly folks because in the first place they are not used to it they are used the traditional way of currency and they not so familiar with the technology. But in the new generation they can easily adopt because they in the computer age this is the way they may be want in the future. That's true. It's a different kind of money that most people aren't familiar with. Especially people who are older or are not tech savvy. Opening an account and buying and selling Bitcoin has become quite simple actually, but I think there are many people that think there is a security issue about it.
Ordinary folk are listening to experts and government agencies, and the way Bitcoin is being described by those people make people avoid getting involved. Many famous investors are saying that Bitcoin is not something that will last, and governments are labeling it as a scam. In the media, it is being equated with money laundering and the payment method used by criminals.
People can only learn about Bitcoin and how it can be used if they do their own research about it. They can't be waiting for governments to be touting its use, because Bitcoin and similar currencies are something that governments don't want people to be using.
The price rally that happened last year was great for ordinary people to take notice, but it created the perception that this is just something to make some quick money with. The true value of Bitcoin and the technology it's based on is still not known by most people.
The world of technology will be more advanced we have to prepare ourselves for new technology if we want to advance too. Bitcoin is too complicated if someone does not want to learn and if in complexity do not want to consult with someone who is experienced then that's where difficult things will be experienced.
It may be a little complicated, but only for those who do not know technology. And if you understand this area, then you will not be difficult to understand bitcoin.
Bitcoin and Blockchain technology are recognized very important.So,the people who can realize the importance of these,only they should be included to this world whether he is ordinary or not.Otherwise,it can be harmful.But ueah,may be it would take time to explain about the technology to them(ti the ordinary folk).It is not so complicated.I was also an ordinary folk!!! But once they understand,they can lead them to a better place of this world.
For the average person not good at computer and not knowledge about bitcoin, bitcoin is too complicated. Not everyone involved in bitcoin is successful. I also have a period of discouragement to give up bitcoin because of waiting for its price increase.
With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
If you look at it, bitcoins are pretty simple to understand. You don't have to have a degree in IT or computer engineering to better understand this technology. Even a simple google search will get you going to bitcoins. Ordinary folks can understand bitcoins because the resources available is on the internet.
I think bitcoin is not complicated. people who have been in school can easily understand bitcoin by reading and learning about bitcoin work. Unless the person is never school and never has a gadget then I am sure understanding bitcoin will be very difficult. but the use of bitcoin for payment is indeed complicated because many stores and countries have not legalized bitcoin as a means of payment. Bitcoin is better known as an investment asset.
I think many people just see bitcoin as scam or a waste of time. If you try to explain into an ordinary people you will have a hard time to explain to them. And also they will have a hard time to understand. Bitcoin was for me, only for the risk takers. If you dont have a gut and patience. Bitcoin was not for you.
When there was a lot of attention to bitcoin last year then was a big falling. So I prefer that bitcoin will be not in the center of attention and will grow with little steps.
With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
I think Bitcoin is not that too complicated for those ordinary folks because it is just easy to be understood even an average child can possibly learn it effectively well, that was based only on my perspective and experience because the first time I have got into this, I did not meet any complication or maybe it is just depending on the people if he will find it to be difficult for him. Well, there are many ways on how you can understand Bitcoin since information can be read on internet and even in this forum as well as own experience can be a great knowledge to have because experiencing it on your own will make it easy for you to understand it well. For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
I wouldn't say it is too complicated for the average folk
Agree. It`s not that complicated. One just need patience, basic financial literacy and will to explore this territory. Today everybody can enter this market but not everybody gets what he or she expected (like with any other activity).
I think It is not complicated for people who has programming background. you have to do is to chose what you wanna do, either mine or buy, or Trade or hodle, the most important decision every BTC investor has to make.We just need to redirect the conversation back towards blockchain and bitcoin because those technologies are what is really important here.
Bitcoin is too complicated for ordinary people, I do not think that far .. bitcoin can be owned or used with anyone as long as there is a will and always try to be able to use it .. and my personal experience many ordinary people or extraordinary people not so understand bitcoin not even know at all and there are some who only know his name but do not know the benefits and advantages are very good for him if want to use it .. so I think bitcoin is too complicated for lazy people to do it and do not want to try or try to find out about bitcoin many good benefits for his life , not because of ordinary people or extraordinary people ..
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