Topic: Is cryptocurrency so difficult to understand - page 24. (Read 7208 times)
It is not about they being acquainted with fiat. It is about about the approach you employ to do this. explaining it from the technical point of view only complicates issues. just be simple about it and they will be fine.
Is like every new knowledge you find, at end is your decision how deep you want to go.
To understand the basic rules is simple. You need an Addy to receive btc, and you need a wallet to manage addys and send btc
The normal rules get a lil. more technical. Here is where we learn how bitcoin have confirmations, those confirmations comes with blocks, and that's what we call blockchain.
Then comes the complex rules. And here is where we learn to use the core to build transactions, or the core functions. Mining comes here too and double spends is from this area too.
We can see it as complexity layers
To understand the basic rules is simple. You need an Addy to receive btc, and you need a wallet to manage addys and send btc
The normal rules get a lil. more technical. Here is where we learn how bitcoin have confirmations, those confirmations comes with blocks, and that's what we call blockchain.
Then comes the complex rules. And here is where we learn to use the core to build transactions, or the core functions. Mining comes here too and double spends is from this area too.
We can see it as complexity layers
To the new generation or to the young ones, cryptocurrency is easy to understand. But to the older ones, I believe it is difficult for them to understand because during their time there are no gadgets like a cell phone, Laptop, Computers and more...On the other hand, younger ones are now exposed to advance technologies, new gadgets and more that's is why they can easily adapt to online business or crypto investment.
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.
There are many ways you can make them understand like make them watch youtube videos on cryptocurrency or show them articles but at the end of the day, it depends on the individual how seriously he is taking this topic and how much is he interested in. In my terms, interested ones will come to you to have some info about the blockchain and this whole cryptocurrency space(i have experienced it).
Cryptocurrency is not so difficult to understand but one requires education to be able to understand it well and the way the person will understand it also depends on the one giving this kind of education. For a student to be good then the teacher is also good. This is because there are many people who are in cryptocurrency but do not really understand the nature of the industry and its key players.
I think it's different from person to person. Logically that it's going to be harder to older generation to understand crypto currencies and Blockchain. For example, to my parents bitcoin is "money from the internet" and actually that's all that they interested to know, they simply do not wish to fill their heads with more particular information, because they know they will never use it and/or need it and they have other things to care about, so I do not even push them.
Not really. If you had a little knowledge about computer operations, internet and you are capable with technological management, then you can easily understand cryptocurrency in three to four days .
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.
I say that cryptocurrency is really hard to understand at first. We do not know where to start to study it. Yes internet have so much information as well as this site, but with so many information to read I wonder which to read first. What did I do ? Since there are so many choices to earn crypto , I choose one (do bounty campaigns) and I focus in this one. I research about this, how to join, what to after joining, what to do with the reward, etc.
bitcoin is very difficult to understand because bitcoin is growing because people invest in bitcoin. at this time many bitcoin holders who can't wait for market prices to bounce back, they want to sell bitcoin or altcoin at very cheap prices so they don't lose more.
Long before that happened, at that time there was little concern from the creators about the response of the world financial community to BTC. Therefore the virtual currency which's now the most popular, in fact has lived and developed on an exclusive route.
However, even though it's open source which means it can be accessed by the public, this technology's still considered complicated and is difficult to understand by many people both from the general public as well as technology practitioners. Communities in general have not accepted the use of virtual money. They still need time to understand, how to obtain, store, secure, and use bitcoin.
However, even though it's open source which means it can be accessed by the public, this technology's still considered complicated and is difficult to understand by many people both from the general public as well as technology practitioners. Communities in general have not accepted the use of virtual money. They still need time to understand, how to obtain, store, secure, and use bitcoin.
When I just started learning about cryptoworld, it will feel very difficult. But the consistency and time will help you to know everything. The same with crypto. Regularly reading the crypto news will help you understand the concepts and trends of crypto more clearly.
for people who are new to the crypto currency, it is difficult to understand the performance of the blockchain system from the crypto currency, but often you seek information from the forum or via other internet media, I am sure you will understand by yourself and will benefit if you enter crypto currency field
Crypto currency is a very valuable asset, and for some it's very difficult to understand, since most people are used to ordinary fiat money. Some do not understand the mechanism of blockchain operation. In general, always when there is something new to understand is difficult.
It depends on who is asking, You and I could be tech savvy, understand basic emailing, twittering facebooking and maybe advanced with codes/coding and all that. Not everyone however is so privileged. The current generation is one of tech, but not everyone lives within this confines, some are in the remotest of places on the planet, haven't heard nor seen a mobile phone talk more of; how to use it, these same ones may not know there is a different world known as cyberspace which seemeth vague to a lot but a home to you and I, these group may think cryptocurrencies are a myth. As for the oldschool who are privileged to the tech above but who prefer to do things as in the 1900s, will forever remain adamant to new methods and wouldn't want to know about the new "gospel". Overall Cryptocurrencies are easier for a different select numbers of people. All you need to know is that there is a computer, how to use it there is an internet (Don't bother knowing how this works) Basic understanding of your language, mailing and browsing skills and you will be good to go!
it is a function of how much time one dedicats to it that matter. it is easy if you read wide and understand the concept of digital assets
Not much difficult but crypto is helpful for every one and now many sources are available to understand it and for trading of crypto you need some knowledge as well because here you have to do both activities like on one hand you will buy and on other hand you will sell it so both ways are important to deal with care and for this way we can say that crypto is difficult.
We are live in an easy era where we can easily learn cryptocurrency is not difficult to understand. It's just to yourself how you want to learn to know more about cryptocurrency. There are so many article or blogs explaining about cryptocurrency access it often and then read it.
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.
maybe now it's hard to give an understanding of cryptocurrencies with all of their investments with situations and news that are always bad, it's very difficult to make cryptocurrencies that can cause losses 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 know it is hard to comprehend digital currency regardless of whether you are here for a while, it doesn't mean you had completely comprehend the thing. As I would like to think, this requires devotion and intrigue if individuals would extremely needed to find out about the btc. The best activity for individuals to viably needed to comprehend about the subject is that they ought to by and by do their own exploration and read a great deal.
Cryptocurrency is the digital currency if you want to know about it you can learn through the site wed or digital forum where it will give you the information about it.
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