when you try to explain people about cryptocurrency do they understand? - page 16.

gabbie2010

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Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Complexity in the working and operation of cryptocurrencies had really made it difficult to explain to people and understanding it.
Personally it took me some time before I could be able to understand and digest every details in cryptocurrencies system, particularly bitcoin how to create a wallet, transactions, conversion of bitcoin to fiat e.t.c.
I had been trying every possible means to teach and educate people on how to use bitcoin and the responses was encouraging while some don't understand it because they are not interested.

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Quote from: aardvark15 on September 28, 2017, 06:23:10 PM

Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

One guy I talked to about Bitcoin felt like it was something only for the elite. Something only the wealthy could afford and not many people understand. I think part of the problem is that education and information is usually either by word of mouth or people have to make an effort to search and learn themselves. Since Bitcoin is not a business for profit, there isn't a great deal of advertising about Bitcoin. There are a few advertisements and one year a college football bowl game was sponsored by Bitcoin, but there isn't a lot of that. It's going to be a very gradual process that is basically organic and grassroots. That's not always a bad thing because if it succeeds then it will have proven to be deserving.

I completely agree.

I remember ― Philip Dick's sentence -- “The existence of a majority logically implies a corresponding minority.”

As people are getting aware about Bitcoin. Even still newbies are trying to understand Bitcoin in better way. It will take time to user to be familiar with bitcoins. Once user understand Bitcoin, every cryptocurrency have relatively same concept and system behind with different statistics. Rather I would like to prefer go for cryptocurrency first to demonstration how cryptocurrency exactly works, it will help far more to user to understand Bitcoin and subsequently cryptocurrencies.

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Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

I remembered a friend because of your question. Since I am earning through bitcoin, I tried ti share it with a friend because I know his situation and I wanted to help him to have an extra income. When I explained what crypto currency is, he laughed at me and told me that what I was trying to say was too impossible. Since then, I ignored him and I focused on achieving my goals.

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Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

yes it is easy start to explain them how can send money without need bank , p2p and basic information's about Bitcoin

they will start to learn more using google

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Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Some of them who are a bit interested have their follow up question.Showing and telling them some example how bitcoin have helped the needs through financial which i used as a great example is one of a common friend that has earn alot even in his young age.Its up to them if they will take the opportunity or not,because for me those times that it was explained it to me i got interested but i also have alot of questions in my mind and to be able to earn more i so a little research and make fun of it.No matter how many times you have to explain but the person you try explaining seems not interested it is still their decision if they will go with the new trends of currency or not.

bribed

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Totally depends on the people, but in general its not such an easy topic to get around when you first hear about it. Best way to learn about it is reading by yourself I guess. If I talk with people that never heard of something like a cryptocurrency its really hard to explain, but with more tech savvy people, they can imagine easier how a blockchain works and how a currency like Bitcoin can be therefore created.

aimata27

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Well it depends on how you explained to them if they will understand it or not. If you only discussed only the meaning of the cryptocurrency then I'm sure they won't really understand it at all. Try some sharing your experiences about you using and gaining bitcoins, it is an effective way for them to easily understand what cryptocurrencies are.

Donned

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Most people don't believe me, they feel like I'm getting into a pyramid scheme or being lied to, it's a huge ponzi scheme. Huh

kenjay11

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It depends on how you will explain it to them, because if you do not know how to explain properly they will really not understand it. And to explain it properly you need to have a knowledge about cryptocurrency to make it easier for you to explain it to them. When I explained cryptocurrency to my friend, they did not understand it because I did not know enough about cryptocurrency. So I still need to know more about cryptocurrency so I can explain it well to my friends

DroidR17A

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Most people I talk have heard of cryptocurrency, but they often think it's bonkers. However, even the ones that think positively of it get baffled and their eyes glaze over the moment you try to explain any of the technical aspects of it, or details of a specific project. It's completely overwhelming for them.

The main thing I've found that resonates, it's just telling them that cryptos at their most basic level, are just an encrypted transaction ledger that can store numerous different types of information.

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Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Many times I was being misunderstood and laughed about what I am talking about. They were not interested on what cryptocurrency is in general. They only know that Bitcoin is a money making tool online and have no interest on what to know more about it. They were amazed by how much is the value of Bitcoin but as they tackle their journey to earning it, they were being discouraged either by others or by themselves because they can't earn what they expect to earn. I always tell them to manage their expectations and know first how this works and what is the technology behind it. But there are others who are earning today since I first introduced them. They were very eager and determined to know more about Bitcoin and cryptocurrency in general. But I guess their hardwork paysoff

Amilhussin24

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I only ask a person with 3 questions before explaining bitcoin to them. One is if they have heared about bitcoin 2nd is, if they are interested or not. And 3rd is are they willing to listen? Then if they say yes. That's the time I started in explaining bitcoin to them. And yes they really understand. Its because they are really interested in topic. But if you tried to explain it to people who doesn't care about it. They will never understand you.

Rinder

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I do have a few friends and all of them doesnt understand bitcoin neither how can i machine being mining some virtual coin wich worths 8000 dollars, its insane to try to explain, even my wife doest understand and doesnt care about it, to be honest cryptocurrencies is a world for a few people, one day it might be for all but for now its limited to a few.

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Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Honestly speaking, most of them don't understand. When I'm trying to explain and cites some examples about cryptocurrencies, most of the times they are having a hard time to get what I mean. It's not that easy. Some believes what capabilities bitcoin has, but some are not. So as of now, I'm still trying my best to encourage them to try bitcoin.

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Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

I would recommend this article, and the blog itself. It is quite ugly, but the content is eas to read and short of fun.
https://tinybowl.blogspot.co.uk/2017/10/making-sense-of-cryptocurrencies.html

Fatanut

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Honestly, I don't think they don't. There are some that understand but those people are the type of people that already have a knowledge about the basics of economy. If it's just going to be some guy out there without any prior knowledge, it's kind of hard to sense if they are getting it especially when they don't express it. Remember that most people wouldn't want other people to think that they are dumb, thus, act as if they get what you're saying even if they hardly do.

I don't really care if they understood it or not. I'm just going to do my thing and let them research by themselves. But I still try my best to actually put the explanation in layman's terms since it's also a skill to be able to make people understand what you're trying to say.

jsscswan

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When I explain cryptocurrency to my relatives and friends they understand little if they listen seriously. They are a little interested in what I explain. They want to join me who is currently studying and collecting bitcoins.

perrysaico

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Majority of the people whom i share bitcoin about understand what it is. But there are
also people who do not get it. They are too fixed about the current fiat currency structure, hence could
not grasp the idea that a digital currency is possible.

Timoteus

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It very difficult for me to explain about crypto to my parents. They don't understand me and say that I crazy

chickenado

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Quote from: jonathan6655321 on September 28, 2017, 04:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Its not that easy to explain to people about cryptocurrency most especially bitcoin some would be skeptical,speculates that its a scam.Some would listen but dont mind to understand.Most people need some proofs just to prove that bitcoin is real,i try to make an effort to make them understand but if i can see that they are not interested thats the time that i dont have to bother anymore if they think that its a scam,changes would be seen in a naked eye that a person who participate in bitcoin forum would never be the same anymore.If they will take the opportunity that comes their way then ill be glad.

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