Topic: when you try to explain people about cryptocurrency do they understand? - page 21. (Read 3623 times)

Usually no one has a clue what it is. And I'm really bad at explaining things to others, especially something as complicated as that. I'd rather not get into the subject.

Many people who don't know how these cryptocurrencies are working think that bitcoins are using only for illegal dealings so it is hard to explain or convince them these coins got a good feature. But nowadays bitcoin news is showing in many reputed news channels which gives some confidence to people go to bitcoins. Slowly most of the people will come to this crypto world for sure.

All they understand is that they can get money from bitcoin which is true and not because bitcoin really is money at the same time but if you don't understand it I think it is difficult in earning with it, even if some people would surely want to earn with bitcoin if they don't have proper knowledge with it there would be a problem in the way they can earn with bitcoin I think the only thing possible for them to earn is just faucet.

They curious if I  talking about bitcoin. And they thinking what is that it is a fraud. Some of them they understand about cryptocurrency and willing to learn but some people is close their mind about this currency maybe they scared to take a risk and frauding.

When I explain, most people are hard to understand just in fact just passed away. It seems that people who do not know about their bitcoin will find it difficult to understand others including cryptocurrency.

I hardly understand Bitcoin myself, it is so complicating and I always think back to Satoshi and what his intentions are on making some intricate but so simple for the user to use. I explain Bitcoin as something of a Mixture of a Stock and Gold, the value moves likes a stock would, and it is easily trade-able like gold is. To me Bitcoin is like nothing else and is a once in a lifetime opportunity to invest in. It is so unique and has all the reasons to go up in value and continue new uses.

Not really they don't understand in first lesson. I tried to talk with my sister initially. She is marketing girl but still took time to understand the crypto currencies. I wonder why she did took that long. May be at the initially stages people are not agreeing to themselves about something like this can happen. When they get into it, like my sister started studying about the crypto then she got th feel for it. The ways of earning, long term portfolio for investments, trades and much more. It's not possible to tell someone in shot and let them trust on crypto currencies.

It is very easy. I don't necessarily have to tell them a lot about bitcoin, just that it is decentralised and many people hodl because the see it is a currency that will rise. If they get interested and ask me for more details i just redirect them here or to go on youtube videos that explain how btc works.

When I try to explain to people about cryptocurrency, I have to explain a few times, some people understand faster and some do not. LOL

The average joe will not understand Bitcoin, Crytocurrency, blockchain technology. It takes time to fully understand this. When i discussed it with a friend, i always ask him if he's an investor and willing to learn new technologies. Informative acrticles and videos on google and youtube will do. Anyway, Bitcoin is very well known now on other countries, he can researched all he wants.

I think that it will be depending on the person you were talking if he/she is interested  or not, Maybe if you tell this person how much it cost then this person will be very attracted and eager to earn bitcoins as fast as possible like everyone that is working on campaigns.

The issue is whenever you are trying to teach people something new some people will understand and some will not.
No matter how you try or which teaching method you used to teach them in order to understand they just can't because that is the way they are.
For me, I explained the concept of bitcoin and blockchain to lots of people some of them understand it very fast and some don't because that is the way they are, period!

Not really, and most of them don't believe in me, but its ok atleast i give them opportunity to know bitcoin, I play my part as their friends to tell them what i know so its on their hand if they want to study and learn about bitcoin on this forum.

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 find it difficult to explain bitcoin and cryptocurrency to other people but I would usually introduce them to use this forum because they'd find out about it more when they use this. Basically, they don't understand it at first but most get interested especially when they hear the word "money" and when they find out about the high price of Bitcoin. I would say that Bitcoin is a digital currency and from that, they would somehow be able to grasp the concept of it.

It's hard for me to explain about the other aspects of Bitcoin such as trading, mining and blockchain technology, which needs thorough explanation.

I doubt that we are ever going to know with any kind of certainty that people understand bitcoin or any other concept, unless those other people are proactively explaining back to us or explaining the concept to someone else and they are actually getting the details right.

I encounter regular people who express some curiosity about bitcoin, and I also encounter folks through LocalBitcoins (who tend to be a bit more sophisticated in their bitcoin knowledge), and even very informed people frequently get important and material details wrong when it comes to bitcoin.

Bitcoin takes a while to understand and explain, and aspects of bitcoin evolves, too.... so frequently, all of us are learning on a regular basis.. and sometimes, we might have to change the way that we discuss bitcoin based on what aspects of it are changing and even based on what kinds of questions another person might be asking or attempting to interact about.

I recall about a month ago attempting to explain bitcoin to a guy who I had met through local bitcoins, who was asking really good questions about forking and attacks on bitcoins and the relationship of bitcoin to altcoins, yet he also seemed to be a kind of newbie to bitcoin.   I walked away from that conversation in a bit of a daze, and I personally realized that I could have handled the whole situation better, and I attempted to explain way too much to him, and he was not ready.. and he caught me in such a way that I did not have a good enough explanation for him...and really I should have been asking him more questions in order that I could have tailored my response to his situation rather than coming off as a bit dogmatic (which kind of came from the way that I allowed him to prompt me...)...

So my point is that I think that we can continue to attempt to learn about bitcoin and attempt to learn about how to interact with people about bitcoin by trying to make  sure that we are getting diverted into the wrong level and/or kind of conversation that might not be fitting to our then audience.

If you keep it simple you will see that your friends will understand and that most of them will get qurious... atleast thats what I saw with my friends

Central Banks in all the countries haven't been truthful about the extent of fiat/credit issuance for decades - hiding this fact has made it easy for theft on a grand-scale from all peoples.

The lack of knowledge sets up a hurdle for those to understand. However we can take peace in the fact there are very smart people in almost every country that can read such systems, understand bitcoin, and have been engaged in acquiring bitcoin.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Banks in every country for the last four years have blocked bitcoin businesses and bitcoin transactions. But every year Bitcoin got stronger.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

I always use easy to understand language when explaining the basics of Bitcoin, and quite often they do understand it, but it's a personal matter when it comes to people looking at Bitcoin as a useful tool or not.

And some people find it shady that the creator of Bitcoin has left and remained anonymous the entire time, and for that reason think it might be a scheme set up to make loads of money.

I never spend too much time on these people. If I see they like the concept, I gladly help them forward. If they think it's a scheme, I don't waste my time with them since they can't get their ignorance to make place for understanding.

no ,, it's hard to make people understand about cryptocurrency, let alone the inland people who do not understand teknology ,, a small sample of my experience ,, i once explain cryptocurrency to my friends ,,, and apparently they do not understand, even many who do not believe ,,, this is the effect of the paradigm of people who are used to looking for life from something real ,,