Is cryptocurrency so difficult to understand - page 51.

Ekimzjames20

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Quote from: Btcvilla on September 03, 2018, 02:29:40 AM

Quote from: nussy on August 31, 2018, 04:43:49 AM

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.

the question involves what? in this industry there is a lot that people can do.
so if you want to share knowledge about cryptocurrency, you must understand first. because then you have understood every mechanism and benefits of cryptocurrency. and when you share your knowledge you will not feel confused.

Yes cryptocurrency is difficult to understand, you need a lots of time, effort inorder to learn it. But if you are interested and willing to learn, you can do it from time to time.

Btcvilla

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Quote from: nussy on August 31, 2018, 04:43:49 AM

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.

the question involves what? in this industry there is a lot that people can do.
so if you want to share knowledge about cryptocurrency, you must understand first. because then you have understood every mechanism and benefits of cryptocurrency. and when you share your knowledge you will not feel confused.

flying_bit

jr. member

Activity: 434

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Quote from: nussy on August 31, 2018, 04:43:49 AM

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.

How do you exactly explain it to them? Try not to complicate things. Just tell them cryptocurrency like bitcoin is a digital currency that can be use to transfer money fast and easy. That it can also be use for online payment by selected merchants. Also, mention to them that like in stock market, value of cryptocurrency can go up and down depend on the market needs and can be a good investment long term.

BitcoinPanther

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The easiest way you ask? Show them practically. It will involve a bit of showing off and yes, a bit of your bitcoin too.

You see, the best way for them to understand and easily embrace that bitcoin is true (and not a scam) is by treating them to a meal on a restaurant that accepts bitcoin. Trust me, it never fails, works everytime. And what's more? They will be the ones intrigued and starts throwing you questions here and there and the discussion will absolutely be interesting.

It will cost you for sure but believe me, that meal will be one of the most bitcoin enriching meal you guys will ever have.

erikoy

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Quote from: nussy on August 31, 2018, 04:43:49 AM

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 for average person it could be even harder but for those people like who are used to gadgets then it could be understood. This is one of the disadvantage on getting a digital currency since there is a lot of things to consider from creating a digital wallet to transferring coins or tokens to the other digital wallet.

Sandra999

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You need to start to teach them the basis of cryptocurrency gradually from the simple ones to to complex ones. You also need to show some practice on how this industry works and also play some YouTube videos for them so that they can learn visually as well

romarry

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Well, for laymen, the term cryptocurrency can be very strange. Starting from the strange way of writing to the meaning and concept that makes dizzy. There are also people who are familiar with cryptocurrency but only know that as a media for investing.

Cryptocurrency is a term that consists of two words, cryptography (a communication security technique) and currency. Of these two words, cryptocurrency can be interpreted as a medium of exchange in the form of digital currency that uses cryptographic principles in it, so that the digital currencies produced and exchanged can be validated for authenticity and security.

Simply put, cryptocurrency is a medium of money exchange that applies communication security to validate and secure financial transactions on the network.

ParveZ219

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Quote from: nussy on August 31, 2018, 04:43:49 AM

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.

understanding the cryptocurrency is not about difficulty it's all about experience the more you are in helping yourself in the world of cryptocurrency the more he will experience about it and he will get to know everything about the cryptocurrency world and it's not so much difficult if you are not having difficulties in investing your time in cryptocurrency board.

CoinsGazer

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I‘ll explain it in this simple way that the blockchain is an encryption algorithm based on mutual trust and time as the axis. The cryptocurrency is a candy that encourages correct encryption behavior.

CryptoCClendon

newbie

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Not at all, just get your self a good crypto mentor

Ahimoth

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Quote from: moonami on September 02, 2018, 01:20:52 PM

Quote from: nussy on August 31, 2018, 04:43:49 AM

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.

For me, the difficulty to understand cryptocurrency depends on the willingness of the person to know about cryptocurrency. If you really want to know crypto you will understand it easily.

Personally I don't have a hard time understanding crypto currency and the very first time I got an idea about it, crypto currency just caught my interest. Well I think not all of us have the same understanding as mine and I know we're all different. What I'm saying is my point of view and that crypto currency is not that hard to understand.

mathtoughfat

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For the people who are not a fan or do not accept the digital finance world or not fully accepting the constant change when it comes to the digital age, yes it might be a little hard but not impossible. Using simple terms and using situation in explaining what crypto currency is and it's benefit I suppose it would be easier to understand.

Rituvohra01

newbie

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First of all it is difficult to understand but if you studied it day by day you can understand it in better way.In a very simple way you can say that it is digital.

SilverCup08

newbie

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The best way to make people understand is to use layman terms. They won't understand it if you use technical terms like volatile, scam, investment, trading etc. Just say it's like the usual money but it's not physical but it's digital. Transactions are done thru the internet. Just like that.

chrisnewsome

newbie

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Quote from: nussy on August 31, 2018, 04:43:49 AM

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.

Cryptocurrency is difficult to understand for people who have little knowledge on technology and its components, especially in cryptocurrency. For those people who have access to better education and technology, cryptocurrency is so easy to understand. Also, the instructors, mentors, and teachers of cryptocurrency also plays a vital role in teaching the art of cryptocurrency.

ApocalypseNow

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As a typical user that has no background on IT or any computer-related courses, I can barely understand a lot from its technicality. But the amazing part is that smartphones and pc are complicated too but I can use them so we just need to practice these people on using it so they can familiarize it very easy just like what I did.

Skydreamer19

newbie

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so hard to understand because it is cryptocurrency we do not know and it is not already be explained in many and you just know some interesting.

IndigoRed

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I don't think we should underestimate society when it comes to technology. We've done well so far, right? We've adopted smartphones, we're learning to use virtual and augmented realities and we're never too shy to buy the latest gadgets and apps that we know, will be beneficial to us. I think the same goes for crypto. People will eventually learn it and embrace it. Society's smart enough to not refuse such a revolutionary thing, right?

Corsor

newbie

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Well the basic of it is easy to understand, just like how to send ethereum or bitcoin from wallet to another but we didnt consider the gas price of it. Then we came to a conclusion that we need to deepen our learning about this crypto so we can make advantage of its fullest extent, but that will become harder and harder.

bigblackdeck45

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For me the basics of cryptocurrency is really not that difficult to understand. I am no expert in cryptocurrency and I never planned to reach that status but when I started with cryptocurrency it was not that hard. All I did was read and research about it and I figured it out, what it is and how it runs. That is why it is so important to study first before diving into things.

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