Topic: when you try to explain people about cryptocurrency do they understand? - page 5. (Read 3623 times)

Personally, I have been sharing about cryptocurrencies over the past year to the mainstream, relatives, and close friends. There is a lot of question that comes up, I feel the curiosity is strong. The problem is the cryptocurrency is a rare thing, speculative assets. A new revolutionary economic system. And The problem comes up, many people didn't believe the untested and young economic system, and not all the people have to understand the technologies, so I found a bit hard in term of technologies about how promising the technologies of BItcoin.

They find it hard to understand because some of them have no interest in it and if a person don't have interest in it no matter how good your explanation was  they still don't understand it.

ryt
i agree with u

Yes they understand while i am explaining about the cryptocurrencies because i don't go with complicated explanation and only simple and very easy to understand. I tell them that the cryptocurrencies are digital money which is like the fiat currencies that we are using but it is only in the internet but the good thing is, they are advanced and very futuristic and have a lot of things to expect like more secured environment.

I experienced the same thing but with the help of some youtube channels on cryptocurrency, friends are able to understand as time goes on. it needs time to understand this and people get confused the first time. And one thing I have realized is that if the person is eager to learn about it, it is easy for them to understand than trying to convince a friend to buy crypto.

I usually direct them to a video I found on youtube. It does a great job explaining the general idea how it all works.

Ordinary people dont understand from the first time, but it seems they see cryptocurrency interesting.

This is not something to wonder about. Trying to explain something that is quite technical and complicated to someone who has not a glimpse or the slightest bit of idea of what you are talking about would be too much to absorb. Hence, all the information are undigested. It will take more than a single discussion about crypto for this person to get even a slight grasp of the system (generally...). Expectedly, he wouldn’t comprehend about 85% of what you have explained. Best thing to do is just give these people some basic info regarding crypto and leave it there. If he wants to know more then elaborate a bit. But do not go to the extent where you try explaining everything to a wall or tree, if you know what I mean.

It's really hard to understand someone who has no idea about virtual currency. To easy when they're Related to share market and online markets (like forex traders). They catch it easily. I use my first step with online wallet(like PayPal)

Not all people will understand the cryptocurrency, since not all people have knowledge about it.
So we need to make a move that will increase the knowledge of the public regards to the cryptocurrency since it is very important for the whole society to learn.

I use Bitcoin as a useful tool or not.
And some people feel, the creators of Bitcoin have left and remain anonymous all the time, and therefore think it might be a scheme prepared to make a lot of money and I never spend too much time on these people.

Yes they wil, since you provide a important knowledge which they can use as a foundation in their journey in bitcoin.  It is very means alot to them. 

When i explained bitcoin to the people especialy to those who want to learn and become merchants,at first they did not understand what is bitcoin,and sometimes they doubt my personal intention,but time to time i slowly explained it to them,they understand the true value of bitcoin in the life of all people and there mind open up, and now the result they are disame me want to become a capitalism and a bitcoin earner.

When I introduced bitcoin to one of my friend at first he don't understand it so we have to meet again and continue to discuss more about cryptocurrency. Its hard to tell people about bitcoin because they heard the negative news first but we must tell them that those news are really wrong. I encourage my friends to try to invest on bitcoin because they can't appreciate this thing if they don't try this for at least small amount.  

At first, they won't understand it.
But later on, they're the ones to share it with others.

I also gone through almost similar situation where I tried to explain people about cryptocurrency and that’s potentiality how blockchain technology changing world . But people seeing me with doubt I am trying to scam them . But I am not loosing hope still explaining to people.

I never voluntarily explain to people what cryptocurrency is?
Because at first he didn't know what it was?
I offered to introduce them to them.
He might have thought my motives.

So if you and i were having a conversation in real life, I would be mostly interested in talking about bitcoin.. however, if you want to compare and contrast and talk about a bunch of other cryptos, then you would lose me, because I am personally not very interested in various other cryptos.

Accordingly, if we are on the same page and we are mutually interesting to each other, then we can have a conversation, but if our interests diverge in such a way that is not interesting to one of the parties, then we may not have much to talk about.

Furthermore, there may be some folks are interested in a wide variety of cryptos and open to such discussion, and there may be some other folks who are only interested in certain cryptos - and they don't want to necessarily explore compare and contrasting of the cryptos.

Sometimes, I have also found that topics can become combative, too, and maybe it can be good to avoid combativeness, especially in real life.   Sometimes, someone will bring up some other crypto, and I might either say, I am not interested in that crypto or I might give my conclusion about what I think of that crypto from what i have heard about it, such as calling it a pump and dump.  Sometimes, there can be some hostility because I might not appreciate if the person attempts to preach to me or to sell me on some coin or presume that I don't know enough about the coin in order to come to whatever assessment that I have made.  So, there can be a fine degree of distinction between going down the road of polite conversation and preachiness, and most people do not like to be preached to (at least I don't because it puts me on the offensive, sometimes when someone tries to preach to me about any topic whether crypto or religion or anything else).

its nice to see that there are people who are willing to spread the word bitcoin and cryptocurrency in our youth thats why i salute you sir and to others that keeps on doing it because these is another way to help cryptos especially bitcoin to become more popular in any parts of the world therfor this could lead to more price increase as more and more people were going thru it because they see bitcoin is merely a profitable way in the form of investment and trading. in my case i also educate my neighbors , co workers , house mates  , etc so that they can also experience what i experience in cryptos.

Most of my friends know only Bitcoin. So, I always start with this phrase " Do you know that Bitcoin is just one of the thousands crypto today? Then my discussion starts..
They just get the idea but they must e the one to do their research and study it.