The idea of crypto currency build on a blockchain are easy enough to understand. The problem starts when people hear about it's needs to be decentralized to be a good trust worthy currency, the crypto currencies like bitcoins needs to be decentralized or else the government would have locked it down years ago.
Blockchain in general doesn't needs to be decentralized, most use cases for blockchain are local use where business can keep track of there production, here it would be counterproductive to have anyone else than the company in control of the blockchain.
But if blockchain are used like bitcoins then we need as many different people to run the blockchain as possible.
Topic: Is cryptocurrency so difficult to understand - page 18. (Read 7156 times)
I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
Cryptocurrency is not difficult to understand. Actually you need only few days to understand it so that you will know all the process here. For me it is better when there is someone who will guide you so that you do not need strangers.
I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
Probably it seems that the crypto currency is very easy to understand, of course, all the initial basics are easy to learn, but to learn and work this is not much, so you need to learn more complex things. I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
Crypto is not difficult to understand for people who are positive about it. It is almost impossible for negative people to understand it.
maybe you have to hold a meetingsr and also explain slowly and say some meetings I think you have to be patient too
It is not quite difficult anyway,it all depend on how you understand and the effort you put to understand what crypto is all about. Once you understand what cryptocurrency is all about this easier for any investor.
I think, if we want to learn there is nothing too difficult for us, maybe when we first know the crypto currency we will say it is difficult but after we understand the crypto currency there is nothing difficult, the point is we don't be lazy to learn
I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
Well cryptocurrency is so difficult to understand especially for all of those people who dont have yet experienced on investing, i also explain crypto on my family but they said that it is very risky and until now they dont want to invest. I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
At first I also did not understand what cryptocurrency is? the concept is difficult to understand?
and I was a little confused about where to start it.
yeah actually this can be explained simply to people who don't understand what cryptocurrency is. I can say that I have 1000 Dollars of cash but in the form of bitcoin and the money I have is not lost but can grow and getting profit more than you can save in the bank. and can be taken at any time.
and I was a little confused about where to start it.
yeah actually this can be explained simply to people who don't understand what cryptocurrency is. I can say that I have 1000 Dollars of cash but in the form of bitcoin and the money I have is not lost but can grow and getting profit more than you can save in the bank. and can be taken at any time.
Explain cryptocurency to your friends in a simple way, you can use the surrounding items to term the cryptocurency section, then you can explain the process of cryptocurency using the item.
Money market is really complicated and unpredictable and not to mention risk factors and opportunities. And today i spend $1.000 to invest and tomorrow my property is only $1. So we have to identify the currency business is and is obvious. It is therefore essential for investors to have the knowledge and understanding of the new crypto that can sustain and enrich from it.
It depends.
Young people, kids, can understand crypto very quickly.
Older generation will need more time to understand.
Don't forget that 50+ people lived most of their life without Internet, smartphones etc.
Some of them don't even like to use Internet banking or online payments.
Young people, kids, can understand crypto very quickly.
Older generation will need more time to understand.
Don't forget that 50+ people lived most of their life without Internet, smartphones etc.
Some of them don't even like to use Internet banking or online payments.
The fact is, whole crypto world and Blockchain technology is a huge and difficult thing to understand. Crypto currency payment methods, transactions these are really difficult to understand in detail. Firstly One has to invest his time to know about cryptocurrencies as far as possible. As times go, he/she will get to know more about it slowly. And if someone go through the news about crypto world, his/her knowledge will expand about cryptocurrencies.
Yes, it's difficult to understand and need longer time to master it. If we understand the concept of money in general, we will be able to understand cryptocurrency.
Cryptocurrency is not that difficult to understand that's why people are being cheated and scammed every now and then. Care must be taken when dealing in cryptocurrency because there are a whole lot of scams around.
Everything new and unknown is always incomprehensible.But over time, people get used to everything.I think for an ordinary person there is enough information that with the help of cryptocurrency you can earn in different ways.After these phrases, many will be interested in cryptocurrency
There's nothing so difficult about cryptocurrency, all you need is the determination to understand it, then ask questions and do your research.
about 1 year ago my friend tells me about bitcoin since then i am still learning about crypto day by day and every day i learn a new era/thing of cryptocurrency. it is a very wider business not easy to understand immediately. yes it is easier then some other business. but it is more technical in today,s era as it seems future. i am still spend my time daily to learn about block chain and cryptocurrency.
Crypto is not actually difficult to understand and that's why people are scammed always. If it were very difficult to understand, people wouldn't have the gut to learn crypto in just one week and start investing and then get scammed. 
For beginners cryptocurrency is not so hard to understand if one see the right tool and the right person to put one through. But most still come with the ponzi idea into cryptocurrency which is something totally different from it. Ability to look for the right source makes the understanding better.
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