Pages:
Author

Topic: when you try to explain people about cryptocurrency do they understand? - page 18. (Read 3623 times)

sr. member
Activity: 812
Merit: 262
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 friends are askin me about cryptocurrencies. I explain this to them by giving examples from fiat currencies. Creating similarity between fiat currencies and cryptocurrencies is a good technic to explain bitcoin and others to them.
Yes, I already did it to my friends also. At first they become curious when I said some of my knowledge about cryptocurrency and they have lot of questions about so me I contine to explain it so that I can light up their mind about if. Before I explaining what cryptocurrency is, I show some of it from ky wallet to make them believe on me and Im not failed because they clearly understand all what i say to them about cryptocurrency.
full member
Activity: 199
Merit: 100
haha. me too. I have spent 2 hours to explain about cryptocurrency to my brother. It's so tired. Then, when someone asked me about Bitcoin, I just said that:"Google, plz" lol. Grin
sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
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 at first they dont believe in me they think that im just joking, some of them says that it was just scam, but when I show to them my bitcoin it changes everything. They become interested on it and that was the time that I fully explained to them what bitcoin is until they understand it. And the evidence that they understand it was they are now users of it and like me they are now earning money here.
full member
Activity: 168
Merit: 100
They mostly struggle with the technical details. How is it generated... Why can nobody hack it.... How does the mining work,

and things like that. They can also not understand that third parties are not needed to make it work. The most common type

of questions is.... Where can I get it and is it legal? Once you explain and give answers to these questions, they are hooked.
yeah that's the hardest part to explain , you need to have a lot of time to elaborate clearly about it. and of course step by step with well explanation and easy words. keep telling them that you would never completely understand about bitcoin when you didn't get started asap. go get your first bitcoin and feel everything and as time goes by you'll understand the miracle of bitcoin.

Yup. But to be honest it is easy to explain the basic concept. Which is Bitcoin is like a digital currency and can not be regulated or monitored by any system, not even the government. And as they said, technical stuff are hard to explain. This is because they do not experience it. It is hard for them to picture on mining through technology or things like that unless they try and experience it. Experiencing it and getting into Bitcoins is the best way for people to understand.
legendary
Activity: 1442
Merit: 1008
They mostly struggle with the technical details. How is it generated... Why can nobody hack it.... How does the mining work,

and things like that. They can also not understand that third parties are not needed to make it work. The most common type

of questions is.... Where can I get it and is it legal? Once you explain and give answers to these questions, they are hooked.
yeah that's the hardest part to explain , you need to have a lot of time to elaborate clearly about it. and of course step by step with well explanation and easy words. keep telling them that you would never completely understand about bitcoin when you didn't get started asap. go get your first bitcoin and feel everything and as time goes by you'll understand the miracle of bitcoin.
newbie
Activity: 50
Merit: 0

I am beginner I also do not know what is cryptocurrency, I also want to know ..
sr. member
Activity: 364
Merit: 256
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 you're right. When I introduced bitcoin to my classmates at first there were many questions so I told them to visit this forum site so they can learn more and I advice them to create an account and if they reach the jr member I will teach them on how to earn. I chose this forum because just by reading you can learn something. So far ther are near to become a jr member and they are now quitely knowledgable about bitcoins.
full member
Activity: 129
Merit: 100
No, because in my country crypto is not yet popular. So only few knows about it, skeptical and afraid to take risk.They wanted to know first the fundamentals of how they operate, how money is distributed and ‘created’, and how the units of account are stored.
full member
Activity: 2548
Merit: 217
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?

hard to explained bitcoin to people about the crypotcurrency as first decentralized digital currency using the new era of technology explaining without proof people saying how I believe for that currency always ask the prove before people interested about the crypto, especially the philosophy people  is hard to convince them but if he/she fully understand with showing the proof about the importance of bitcoin they become interested to learn how to get earning and to invest, even my family are not believe about bitcoin until I get the earning and I show them my portfolio befoere I convince them about bitcoin currency.
sr. member
Activity: 1764
Merit: 260
Binance #SWGT and CERTIK Audited
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?

Same with your experience. It took me days or months to explain cryptocurrency to them for them to fully understand what is the concept and objective of this. I'm thankful that they have this curiosity inside that makes the topic easier for them to understand it more clearly. Before discussing the income, I chose first  to explain the concepts of these markets and why most of the people who join here value these things that much. So, all the explanations I have done becomes worth it because they understand the concept deeply and they became interested in this.
legendary
Activity: 1372
Merit: 1252
They tend to be curious at first but when i try to explain to them its nature, they tend to be more skeptical about it. Well i cant blame, because i myself find it hard to understand what bitcoin is at first. I think its human nature to be skeptical to things they cant see and comprehend.

Them main problem is to explain to them how bitcoin requires no central bank and no central authority to be issued, and it's not backed by any government. If it lacks these "features", then for them the only way to explain it is by calling it a speculative bubble. It's like they cannot fathom the idea of creating value that doesn't require governmental approval. Very sad sheep mentality. These people can't be saved. There's a reason we the pioneers that will get rich and they aren't, don't waste your time trying to evangelize bitcoin around and mind your own business.
member
Activity: 406
Merit: 10
They tend to be curious at first but when i try to explain to them its nature, they tend to be more skeptical about it. Well i cant blame, because i myself find it hard to understand what bitcoin is at first. I think its human nature to be skeptical to things they cant see and comprehend.
full member
Activity: 294
Merit: 100
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 tried to share things about bitcoin to some of my friends and relatives and I realized that it is hard to explain especially to those who really don't have a background about bitcoin. After sharing some initial thoughts about bitcoin, I think they understood it because I opened the most basic things about bitcoin.
member
Activity: 189
Merit: 11
Yes, it's very sad really, all the friends, only 10% understand what they said, and the others do not wish to hear.The reason is that when someone on the pyramids flying all or even want to listen, and someone just says that this is all nonsense and easy nothing happens
newbie
Activity: 28
Merit: 0
Last time, I'm tried to explain bitcoin to friends group, five of them look at me like I invited them to MLM group or something like that and one friend joins to the crypto world with my suggestions, but unfortunately that was a bad timing because of China bans policy and the Bitcoin hard fork until now his port still bloody with all altcoins.  Cheesy Cheesy Cheesy Roll Eyes
full member
Activity: 546
Merit: 100
I do not know why but I took bitcoin with great interest, but most of the people with whom I had to talk about bitkoin are listened to with distrust. They just do not understand its potential.
full member
Activity: 391
Merit: 100
Usually, it depends on the other person's knowledge of Fiat currency and their financial literacy. If they are clueless, they will be skeptical and have a ton of questions. It is tougher to explain to them why Bitcoin has utility over cash in a bank, for example, and should be looked at as an investment rather than a gamble or risk. Most people will follow what they hear in the media - which can be a number of crazy things when it comes to Bitcoin.

Everyone has a different perception of money, so the conversation essentially revolves around how much they know about money to understand Bitcoin.



Additionally, common people believes that money would always come from work that they are exerting their time, money, blood sweat and tears just to get hold on to life - For short, for them, it's always physical money. I tried explaining my friends and they didn't no a flinch or an idea about what is a cryptocurrency as well as Bitcoin. Like they still have to learn more, and at the same time, I can see that they're not interested in bitcoin and such so I don't see myself wasting time on encouraging them unless they're willing to.
full member
Activity: 630
Merit: 102
It is not easy to really explain cryptocurrency to someone but what I do is just to tell someone that cryptocurrency is a digital money and is a form of money that can make all the financial transaction easy and global.
hero member
Activity: 994
Merit: 544
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 do not understand and some understands.  Normal people or those who are not technically inclined were sort of hard to understand things about bitcoin and cryptocurrencies.  But those who are into fields of programming, it, and computer related jobs are easy to know and understand bitcoin.  My family for example, did not believe in me when I told them that it will give them earnings.  My special someone got to understand it quickly because he is working for a computer based company.
full member
Activity: 546
Merit: 100
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?

Yeah, that's right, the beginning will be very hard for them understand what it is. They have zero knowledge about it so it's not quite surprising. For me, I just explained the basic things, and deliver it in the best way that I can then respond to their questions that I can manage to answer. The rest, I tell them to do research online if they are really interested in it and I suggest the best sites where they can find useful ideas for them to understand it more clearly.
Pages:
Jump to: