Topic: Is cryptocurrency so difficult to understand - page 8. (Read 7208 times)
maybe not difficult to understand but too risky, bitcoin including friendly users with a little socialization until 20 minutes has made someone understand the performance of the coin
I don't think so because it seems to me that the main principle of crypto market can be understood even by a kid but i can't say that it is always easy to make right decisions without expert advice
Cryptocurrency is not difficult to understand, as matter of fact, if you will do some research, you could have all the information you must know. Remember this, before you invest, make sure you are knowledgeable.
When you are newbie, it is really difficult to understand cryptocurrencies first but if you are determined in educating yourself on the basics of cryptocurrrency and blockchains, you will achieved that sooner or later. I think many people are invested or bought some coins without the knowledge of what cryptocurrency is all about and the coins works. These lack of knowledge in cryptocurrency often lead to panic selling when the price of the coins they bought go down. They should strive to learn the basics of cryptocurrencies first before buying some coins.
I don't think so because i don't consider myself to be the genius but for me it was easy to understand the trading rules. I like crypto market and even when there are certain difficulties i think i will win
I don't think so because it seems to me that the main principle of crypto market can be understood even by a kid but i can't say that it is always easy to make right decisions without expert advice
Right now yes indeed crypto currency is too difficult.
All this blocks and mining... people dont need this information..and if you try to explain people About myether wallet set up..or about tokens...then they will be in total confuse !!
Do not go into technical details when you first tell the familiar about bitcoin and cryptocurrencies. After all, no one, talking about the advantages of credit cards, does not talk about the device of the card and the principles of reading, and how transactions occur between accounts. All this blocks and mining... people dont need this information..and if you try to explain people About myether wallet set up..or about tokens...then they will be in total confuse !!
Right now yes indeed crypto currency is too difficult.
All this blocks and mining... people dont need this information..and if you try to explain people About myether wallet set up..or about tokens...then they will be in total confuse !!
I think the crypto should be more easy the more easy access and the more easy to use the more and more people will use crypto !!
If it can be easy like facebook then its right way.
Even now if you want to exchange buy or sell...many older generation people dont undestood about nothing.
All this blocks and mining... people dont need this information..and if you try to explain people About myether wallet set up..or about tokens...then they will be in total confuse !!
I think the crypto should be more easy the more easy access and the more easy to use the more and more people will use crypto !!
If it can be easy like facebook then its right way.
Even now if you want to exchange buy or sell...many older generation people dont undestood about nothing.
... just show them the good side of bitcoin and how it helps everyone and let them decide if they will patronize it or not.
I think it would be best to show them all sides, both good and bad.
Just as with people, bitcoin does have its good and bad side, kinda like an ebony and ivory. And don't worry, the not so good side of bitcoin is not so bad not to expose, when it comes to cryptocurrency, bitcoin remained the leader of the pack as it grows a stable name in the world market.
Truth to be told, the risks that one entails when engaging in bitcoin should be well understood, otherwise, bitcoin might hurt more than help. And trust me, bitcoin is no cheap investment, it can cost you an arm and a leg. And trying to show people what could go wrong is essential for them to take necessary precautions.
Well in my experience, when I first started learning about this currency, I feel quite difficult to understand it. But later with time, when I get into , I came to know that this is very easy to understand . It is a digital currency , with this you can transfer money anywhere with nominal fee. It is safe and secure also.
... just show them the good side of bitcoin and how it helps everyone and let them decide if they will patronize it or not.
I think it would be best to show them all sides, both good and bad.
Just as with people, bitcoin does have its good and bad side, kinda like an ebony and ivory. And don't worry, the not so good side of bitcoin is not so bad not to expose, when it comes to cryptocurrency, bitcoin remained the leader of the pack as it grows a stable name in the world market.
Truth to be told, the risks that one entails when engaging in bitcoin should be well understood, otherwise, bitcoin might hurt more than help. And trust me, bitcoin is no cheap investment, it can cost you an arm and a leg. And trying to show people what could go wrong is essential for them to take necessary precautions.
bitcoin is an easy currency, to use it you just know about the send, receive, address, and private key, it will hard if you want to predict bitcoin, or want to make your own blockchain system, it will very hard to make it
cryptocurrency is not so difficult to understand. People are the source of their difficulty to understand cryptocurrency, they don't look for the right information about it. All you need to know is that cryptocurrency is a digital currency just like physical fiat. It is used for the transaction of goods and services.
It's not that they don't look for the right information about it. Rather, they are expecting other people to teach them about the matter. I always stumble upon people who claim that they really want to learn about cryptocurrency so now that they have found out that I know crypto, they start bugging me. That's a really wrong attitude towards learning something. It's no one's responsibility to teach you in the first place except you're paying them. It's also inefficient to find an expert about the matter everytime a topic excites you. In other words, they are not doing their own research.
There are other things that they have to learn and understand such as decentralization, how blockchain works, and mining as well. Simply telling them that crypto is just like fiat but only digital will disappoint them. They wouldn't understand bitcoin's unique features and how it is different from digital fiat. With that being said, they are not going to understand how this whole technology is revolutionary and can free us from being slaves of the government.
cryptocurrency is not so difficult to understand. People are the source of their difficulty to understand cryptocurrency, they don't look for the right information about it. All you need to know is that cryptocurrency is a digital currency just like physical fiat. It is used for the transaction of goods and services.
I tried to spread it too in my community but all i know is how to buy and sell coins and some of information of about crypto and bitcoin is on this forum so i invited my friends to use this forum and read
Always have positive mindset to know and make time for yourself to learn personally through that understanding crypto would be quite easier.
i don't think you need to explain cryptocurrency from the technical point of view. Just like we explain the internet: it is an information protocol. We did not explain about TCP/IP and IP v4 stuff.
i don't think you need to explain cryptocurrency from the technical point of view. Just like we explain the internet: it is an information protocol. We did not explain about TCP/IP and IP v4 stuff.
Anything we not use to become very difficult to understand at the first time but ley ius not nullify the fact that consistence practice and learning will always make us better. Crypto is such an area we can explore much and it knowledge is worth it,
Are you talking about the technology? How it is work? Then I think crypto technology is not easy to understand. But should we really need to learn how it is work? I don't think so. Most of the people don't know how supercomputer works, how a smartphone works because we need to learn practical things. We are here to use crypto in our practical life! So, by this mean cryptocurrency is not too hard! You just need to learn by experience!
It's easy to understand if you're a techie person or keep updated from cryptocurrency news. Some people just need a financial advisor and professional trader who are involve or has a knowledge about cryptocurrency. They will explain to you if this is volatile or not. And for me, I do some research also after I risk and loose my funds in HYIP, and this was the time I start in trading some altcoins. My first coin is XLM paired with BTC in Binance. My reaction the first time I gain bitcoin is funny and then became addicted to it. I gain much more from TRX as I remember. 😂 I bought it at 545sats and then sell it to 1500sats. My first profit is $200 😁 But the market is really unpredictable and complicated sometimes even a professional trader loose their money. We all never know where a gem is or where your holdings are going to pump. Cryptocurrencies are for risk traders/takers.
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 somehow its complicated and i do it would takes time for people to understand it, i believe its good to teach people who even dont understand about cryptocurrency and make them undestand about it. I do teach several of my friends about wallet and they still asking me how to transfer the coin to exchange wallet even though i did teach him like 2 or 3 times 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 and cryptocurrency market is not really difficult to understand. Many people are more afraid and do not understand how this area works and how you can earn. Many easier to understand other gambling where they can lose, but to understand how the whole process. They're just afraid of something new.
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