Topic: Is cryptocurrency so difficult to understand - page 42. (Read 7180 times)
To me the first thing to say is the basic things about cryptocurrencies, like how they work, how to make a wallet or send/receive a transaction. I think even someone without much knowledge about internet or such technology can understand such simple things. If you make it confusing for them, then they will not understand for sure assuming they have never heard of it before.
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.
Yes you will find it difficult to expose them to cryptocurrency. because they are used to using fiat as a transaction tool. you have to give them proof, that in cryptocurancy is not only a transaction tool, the investment is also very profitable, and is proven to make millions of people become new millionaires. 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 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.
actually it's not about difficulties that out interest and experience about the cryptocurrency word the more you trade in the capital and see what he will gain the more experience and the more you can predict the price change of Bitcoins also and you can trade better than anyone also. if you're having so much risk then start with a small amount and then go for a big amount going your much experienced.
Frankly speaking when I first heard about bitcoin which was the dominating crypto currency at that time, I was fascinated. I kept on asking the friend who told me the revolutionary journey of bitcoin from zero to where it is today. I had never heard of block chain or bitcoin at that time. However I started to learn about bitcoin watching tutorials and exploring it all over the internet.So what I am trying to say is, to learn about crypto currency there should be the desire or the interest.
Well, it's quite difficult for the average person to understand Cryptocurrency because cryptocurrency uses a system that never existed in the previous financial system.
Cryptocurrency undermines conventional thinking in many aspects. There is no central regulatory, mining concept, Open-ledger / Blockchain, the way miners are valued, how transport values are determined by package size and not value, hash level, limited supply concept, etc.
Maybe, for most people, that doesn't make sense.
Cryptocurrency undermines conventional thinking in many aspects. There is no central regulatory, mining concept, Open-ledger / Blockchain, the way miners are valued, how transport values are determined by package size and not value, hash level, limited supply concept, etc.
Maybe, for most people, that doesn't make sense.
Sure, cryptos are difficult to understand at first. But even fiat money is quite difficult to understand. I'd say majority of people don't understand how money is created, what gives money value, or what is money, but they still use it. If cryptos become commonly used, people will start using them like money, even if they don't understand them.
The concept of bitcoin technology is difficult to explain for people who are not familiar with technological development. But you can explain in simple terms about crypto currency that is crypto currency like fiat currency in general. Crypto currency can be used as a payment system and is used like a fiat currency. As for how to explain how crypto currency comes from and how to get it, you can explain it like getting gold there is a mining process first and this is what distinguishes cryptocurrency from fiat money.
Everything seems very difficult if you never go through it,if you are curious,determine and up-to-date about crypto then i don't think it is so difficult to understand, just you need to thirst for it to achive it.
It is NOT difficult at all. Even if you are a person who never knew anything about the cryptocurrencies, you can start to work with the digital money. Just find the time to learn much more about the crypto, and go on.
Understanding the concept of crypto and for that matter bitcoin is not as simple as ABCD. It requires time to really get what the concept of cryptocurrency is all about. I think, if you want to make your colleagues to understand crypto, it will be best if you schedule different times for them. Also they should be sitted by you with laptops and take them through episodes of topics in crypto. Finally, assist them with watching cryptocurrency videos on youtube whiles you explain every points within the video.
I think it is difficult for the beginners.When I came to know about cryptocurrency I also faced many problems.I didn't understand many things about it.But you have to give time for learning cryptocurrency.What I did is, search on youtube/google about my problem and learn from there.It is the best way of knowing cryptocurrency properly I guess.
Although I saw many people learn from experts like his/her friends/cousin but I think the best way is to learn thyself.Because when you find yourself a solution to any problem,you will remember it for a long time.And you have always google/youtube for any problem.
Although I saw many people learn from experts like his/her friends/cousin but I think the best way is to learn thyself.Because when you find yourself a solution to any problem,you will remember it for a long time.And you have always google/youtube for any problem.
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.
actually it's not about difficulties that out interest and experience about the cryptocurrency word the more you trade in the capital and see what he will gain the more experience and the more you can predict the price change of Bitcoins also and you can trade better than anyone also. if you're having so much risk then start with a small amount and then go for a big amount going your much experienced.
This is not a cryptocurrency concept, as long as we still want to learn there is nothing difficult to understand, it's just a back-end of technology that is too complicated, but it's not a necessity for everyone to understand that. All you need to say is the basic things about crypto currencies, such as how they work, how to make a wallet or send / receive transactions. I think even someone without much knowledge about the internet or such technology can understand such simple things. If you make it confusing to them, then they will not understand with certainty assuming they have never heard of it before. Thanks
What you are doing is admirable and not a small feat to get people who are not interested in something new to be one. People tend to lean on a saying that "Don't fix what is not broken". It will be like swimming against the current with these people. Crypto is not hard to understand but the willingness to learn should be there first. And money is the greatest motivator.
First it is difficult to understand but you need to read and read all updated news about cryptocurrience . Yes it is difficult in the way you transaction and make payment but if you are confident to have a profit and have a money you can pursue it to enchance your understanding on bitcoin because first it is difficult but in the end it very easy to understand .
learning and always update the condition of the cryptos, learn from the people that have a lot of experience, surf the internet and take every information and tutorials in how to join and play in crypto 
In some context, it is difficult for others especially those who lack knowledge or even don't have any knowledge about information technology. That's why they don't like cryptocurrency and they rather choose fiat currency because it's just easy for them to use it.
As far as I know crypto or bitcoin has a lot of information or different information and some of that difficult to understand. It is depend to the person who can educate or need to learn about this field. Before you gathered some information in this field, you must change your thinking towards to the certain issue because in this doing we must opeminded in such things.
We accept the facts that it is difficult to comprehend for the individuals who doesn't know anything about it as in zero information of innovation it will hard to clarify blockchain and digital money without demonstrating or showing to them step by step or how it works.
We accept the facts that it is difficult to comprehend for the individuals who doesn't know anything about it as in zero information of innovation it will hard to clarify blockchain and digital money without demonstrating or showing to them step by step or how it works.
At first place yes its is, because when you heard investment, it has to involve money, and for us middle person, it is hard for us to find money, so it is difficult to all new comers to decide whether they study this such a things that has to involve money by investing on it, although they understand the mechanics which you can send a payment instantly in crypto, you cannot grab out the negative thinking of the new comers that someday it will become scam just like what they heard/saw on some businesses
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.
Yes, sometimes cryptocurrency is difficult to understand, but it's because most people only focus on "what is cryptocurrency?". Whereas, actually, the important point of cryptocurrency is blockchain or that called the general digital ledger.
Therefore, I think, the best way or method to make people understand cryptocurrency is to explain blockchain technology first.
I know cryptocurrency for almost 10 months, and to be honest I still don't really understand Cryptocurrency, maybe I am too stupid or lacking in my association, so I can't understand correctly. but in general, I already understand what cryptocurrency is. and it seems like I still need to learn more.
Explain with some of a bit metaphor,they will understand if we use more familiar term with them.Make the simple and easy explanation,so they can fully understand how all of this work.Just leave the people who don't have any interest in this kind of technology.
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