Topic: Some till don't understand crypto and bitcoin (Read 1188 times)
Something people might also ignore is the experience of the 4 year cycle. If you commit yourself with investment in the space and spend time on learning for experience member both from the forum and social media, spend time to search topics here especially the old topics on trading, it will help to strategize. Now we know there might only be slight difference but the trend is similar in the cycle, for altcoins and Bitcoins.
a lot of people when they hear of crypto always think of bitcoin
most people are not educated about what cryptocurrency is and how it can be used for a lot of opportunities that it provides.
That gap needs to be bridged, if we are goin to adopt cryptocurrency mainstream as a means of value exchange
most people are not educated about what cryptocurrency is and how it can be used for a lot of opportunities that it provides.
That gap needs to be bridged, if we are goin to adopt cryptocurrency mainstream as a means of value exchange
I think that understanding Bitcoin for many people can really be difficult, but only for the reason that they are too lazy to understand it deeply. In my opinion, the main problem is that there is no definite answer on what to do with volatility, and with the fact that the entire market follows exclusively Bitcoin. Blockchain technology is one thing, but the speculative nature of coins is completely different.
Understanding bitcoin is certifiably not something hard, and it should be extremely simple for project teams. Bitcoin is only one of the cryptocurrency exists so we can't generally say that we need bitcoin for cryptos to exist later on yet likely bitcoin will exist longer than other futile crap monetary standards.
Bitcoin, Ethereum, Litecoin, Altcoin, and so on are the digital currency of Cryptocurrency. BTC is the king of crypto. Bitcoin is actually the easiest to understand; peer-to-peer transactions started with it, decentralization started with it, and/or coins are following now.
It can be happen what is happening to the CEO. How can you think BTC without crypto? You can say crypto is the tree and BTC is the fruit of that tree. Bitcoin is just a form of cryptocurrency and its not such a hard topic to study for. If you understand what is crypto then you can understand Bitcoin easily.
Simply "Cryptography" is the underlying technology and BitCoin is the end product. In fact, Bitcoin uses public-key cryptography. Since it is a currency which uses cryptography, we call it a cryptocurrency. The main difference between fiat currency and cryptocurrency is that, one is tangible and the other one is not.
To be able to understand about bitcoin and crypto currency, you need to learn and understand properly before we decide to invest. because if we lack understanding and choose the wrong crypto currency for our investment, it is very high risk later.
I heard about the bitcoin and then learn about then crypto currency and here are a lot like me who came into crypto world like that.Bitcoin is a digital currency and this is not that hard to understand and in the whitepaper of bitcoin everything is clearly written there.
It is true and very possible that many do not understand what crypto currency is all about as well as bitcoin too; and this does not mean anything because not everyone will accept bitcoin and crypto currency in my own opinion; just as we have people who refuses to register a bank account; so will we have peeps uninterested in crypto currency.
You’re not the only one saying this, I can’t tell how many times I have said to people that not everyone is going to accept cryptocurrency. I know a lot of people that fully understands cryptocurrency but they still have no single interest in it. When I talk cryptocurrency with them they admit that cryptocurrency is a really good advancement in technology, but it’s just not their thing. There are people that are not making use of banks just like there are those that are not interested in making use of cryptocurrency. Just that they are not using it doesn’t mean that they are not understanding it. SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?
It depends on how you put it out for people. But for me I don’t think that there is anything hard in understanding about Bitcoin. I have been able to teach a lot of people about Bitcoin and those I teach about it, majority of them starts making use of cryptocurrency that same day, they will install the wallet, buy and sell easily and also do transactions.I first tell them that it is a payment method and is mainly used for cross border transactions, and then I help them install a wallet and teach them where and how to send, and the next I teach them about receiving funds through cryptocurrency.
SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?
Crypto has been used for password hashing, bitcoin is not hard to understand the tech, it is like torrent download which is running peer to peer, maybe softbank hard to understand, why bitcoin have a value and it is not small value inside bitcoin network now. Itbis above 300billion dollar.
Maybe they still think that fiat is backed by gold while bitcoin have no backed by anything.
As indicated by all the laws of their calling, bitcoin shouldn't have any worth, which obviously isn't accurate, so they're scratching their heads as they see the additions that speculators have from digital currencies. I accept that is the thing that the CEO is alluding to yet he actually does not have the genuine presence of Bitcoin that is the reason he is befuddled, the motivation behind why Avalanche venture grabbed my eye was a result of the group presence before bitcoin was delivered by Nakamoto.
It is probably they hear about Bitcoin but normally, they always brag by some people says it was a scam thing, and ignore. I don't think we need to give them realization just to open their mind and change it because I'd preferred for them to make their own discovery and appreciate crypto by themselves.
It is really hard to make people understand Bitcoin if they are not an open-minded person, probably a waste of time. What we are doing and what a huge development happening around could be enough for them to reconsider.
It is really hard to make people understand Bitcoin if they are not an open-minded person, probably a waste of time. What we are doing and what a huge development happening around could be enough for them to reconsider.
Cryptocurrency is nothing without bitcoin, cryptocurrency is of Bitcoins and altcoins, but the main engine that drives this big cryptocurrency is the bitcoin. I think to invest you will have to believe in bitcoin and understand how it works.
You can't give this kind of advice to these huge financial companies. They're known with their craft and in this business, they know that whoever comes first will make it. There could be a hidden treasure that they don't want to say out of bitcoin and that's why statement like this if it's coming from them, should be taken with a grain of salt.See the latest profit they've made.
SoftBank Vision Fund turns $680 million DoorDash investment into $11.5 billion based on Wednesday’s opening price
We just have to accept the fact that there will always be people who will not understand crypto fully, they will continue to exist for a very long time.
There is a great douglas adams quote that says "in technology peoples approach are the same, whatever existed when you were born were the natural order of things, whatever comes up between your age of 15-35 will be exciting and new career opportunity, whatever new after you are 35 is against natural order" and that's what I believe.
Nowadays that 35 is probably closer to 50 because tech improves very fast but I still think people approach things still the same. There are still people who do not know how to use mobile phones, not even saying smart phones, literally mobile phones that were first invented, the really old 20 year old versions.
Ignorance cannot be avoided when it comes to the knowledge of bitcoin and cryptocurrencies. Even how much we tell others about it each day it wouldn't be enough still. Not everyone has an interest upon learning what is it and what it does that's why even others heard about clear and vivid informations about, they still choose to ignore it. Sooner or later, people will realize what they miss out and as the use of it spread all over the world, they will have no choice but to pay attention and learn about it. In the near future, technology will continue to advance and we will all witness how essential the knowledge on bitcoin and cryptocurrency is. There is a great douglas adams quote that says "in technology peoples approach are the same, whatever existed when you were born were the natural order of things, whatever comes up between your age of 15-35 will be exciting and new career opportunity, whatever new after you are 35 is against natural order" and that's what I believe.
Nowadays that 35 is probably closer to 50 because tech improves very fast but I still think people approach things still the same. There are still people who do not know how to use mobile phones, not even saying smart phones, literally mobile phones that were first invented, the really old 20 year old versions.
We just have to accept the fact that there will always be people who will not understand crypto fully, they will continue to exist for a very long time.
There is a great douglas adams quote that says "in technology peoples approach are the same, whatever existed when you were born were the natural order of things, whatever comes up between your age of 15-35 will be exciting and new career opportunity, whatever new after you are 35 is against natural order" and that's what I believe.
Nowadays that 35 is probably closer to 50 because tech improves very fast but I still think people approach things still the same. There are still people who do not know how to use mobile phones, not even saying smart phones, literally mobile phones that were first invented, the really old 20 year old versions.
There is a great douglas adams quote that says "in technology peoples approach are the same, whatever existed when you were born were the natural order of things, whatever comes up between your age of 15-35 will be exciting and new career opportunity, whatever new after you are 35 is against natural order" and that's what I believe.
Nowadays that 35 is probably closer to 50 because tech improves very fast but I still think people approach things still the same. There are still people who do not know how to use mobile phones, not even saying smart phones, literally mobile phones that were first invented, the really old 20 year old versions.
Its a matter of deeper research in order to understand something that you wanted to know, and with that I think the CEO of softbank must try to have a digger researching in order for him to understand the importance and benefits of bitcoin in the crypto-world and crypto-community. Also, it is not enough to just look at the day to day news regarding bitcoin for you to understand it well, you really must have the root and basic knowledge on it to fully comprehend bitcoin.
It only takes time for the CEO of SoftBank to understand bitcoin. But to understand bitcoin is not enough just to read and listen to other people’s explanations,
this is not enough. But it takes action to the market to trade and understand bitcoin being volatile.
Like an actor/actress, he has to beg the streets to get the character of a beggar in the role. So he understands the character well.
And the CEO of SoftBank will understand that without bitcoin there would be no crypto, which has given birth to many other cryptos.
this is not enough. But it takes action to the market to trade and understand bitcoin being volatile.
Like an actor/actress, he has to beg the streets to get the character of a beggar in the role. So he understands the character well.
And the CEO of SoftBank will understand that without bitcoin there would be no crypto, which has given birth to many other cryptos.
Cryptocurrency is nothing without bitcoin, cryptocurrency is of Bitcoins and altcoins, but the main engine that drives this big cryptocurrency is the bitcoin. I think to invest you will have to believe in bitcoin and understand how it works.
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