Topic: Why is Bitcoin difficult to understand? - page 18. (Read 2139 times)
I thinks it's difficult to understand because it's not legalize and there is no any tutorial or some people dont know bitcointalk.. Even your here you learn some tricks to buy some btc but not all info about bitcoin And also Bitcoin is not known in some country that's why it's difficult to understand.. If Bitcoin is legal to world i think it's the time that some people explain how it works..
I find bitcoin as simple as our currency. One thing is that bitcoin does not use cash as our currency, if you have passion as well as you like discovering what you are going to understand. related to bitcoin
A good opinion and I like your opinion.I found the bitcoin as simple as possible until I could run what bitcoin gave the rules so I could profit more.
Until now I understand about bitcoin and learn all about bitcoin so I feel like the bitcoins work now.
Bitcoin is totally a new concept and is very different than traditional methods of payment/currencies. Bitcoins runs on math and is decentralized but traditional money is centralized and is controlled by government. It is difficult to understand how it works in the beginning but as you get used to it, it will become simple.
There are so many references that will help you to understand what bitcoin is, try to find it in google , youtube , blogs, or many other website that explain about bitcoin, the first time i knew about bitcoin, i also got a difficulty to understand, i tried to learn it step by step until now, keep learning buddy
What can i say is bitcoin is not difficult to understand because if you are interested to one thing even not only in bitcoin if you want that thing you will make a move like research to learn and adopt knowledge about it. I do not believe that bitcoin will hard to learn. Maybe it takes time to learn but if you are willing to learn you will learn.
It's not so difficult these days, if that average person wants to know more about bitcoin there's a lot of tutorials on the web where he can read and watch videos to make it more easier for him to understand.
In terms of technical terms, it is difficult but for an average person that only does trade, buy, sell and hold bitcoin there's no need to learn more of it in the beginning. He will understand that in the latter part where he will become curious more of it.
In terms of technical terms, it is difficult but for an average person that only does trade, buy, sell and hold bitcoin there's no need to learn more of it in the beginning. He will understand that in the latter part where he will become curious more of it.
Though bitcoin have it's own system for its transactions it still function like the stocks in stock market.
The price is driven by the demand of the public.
The more people who are willing to pay for it will increase it's price. And the less people who want it will contribute to the decrease in it's price.
But even though the two is quite similar studying one of those is still a tedious thing to do. As it requires lots of experience and practice that comes along with the time you are investing in it.
The price is driven by the demand of the public.
The more people who are willing to pay for it will increase it's price. And the less people who want it will contribute to the decrease in it's price.
But even though the two is quite similar studying one of those is still a tedious thing to do. As it requires lots of experience and practice that comes along with the time you are investing in it.
Actually bitcoin is not difficult if we continue to learn information from google and youtube. bitcoin is difficult to understand if we just ask and do not practice.i think bitcoin is very simple provided be patient and always positive thinking
bitcoin difficult to understand because the bitcoin coin is first digital currency and most probably human not understand .and if you really want to know so go on youtube ....there have more videos of bitcoin.
A good opinion and I like your opinion.Actually we have to rethink about bitcoin because bitcoin will be hard to understand if we are less familiar with the meaning of bitcoin and less deeper bitcoin way so we find it difficult to understand but if we really know and understand about bitcoin then I am sure anyone will love bitcoin with pleasure.
All people around the world want money and search for easy money which make it difficult but when someone hear that his friend was rich by a currancy or with an easy try he try to do like him and which make him fail the difficulties that he find in the beggining of the project that is why he surrender and let it go without any try to understand it or learn how and what to do
If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.
Not true. Bitcoin is easy to understand, but people like you tend to make it complex. Anyway, there were already 34 answers with regard to the subject, in case you missed those you may read here, https://www.quora.com/Why-is-Bitcoin-difficult-to-understand.
Every few centuries theres a disruptive major change in the way humans deal with money. Back in the day people bartered to receive what they wanted. Then people started paying with gold then coins to dollar bills all these changes were challenged and unwanted. At this point cash replaced by credit card and now digital currency, a natural flow or progression of the monetary chain.
It's easy to learn bitcoin I really like you and want to earn a lot you really need to learn how to earn bitcoin. And what are the ways to earn bitcoin because in the field of crypto there is NO MONEY MONEY you need to work hard for it.
Don't know where section did I've read it here in the forum but they said that studies shows, a person who knew and understand cryptocurrency has a high iq level. But then I am an average person but I understand well about the cryptocurrency. Maybe it really depends how far your understanding is and do not force yourself too much if you can't understand it well. There is nothing imposibble to understand it by patience.
I think it is difficult to understand because it's still illegal to many country. Moreover some people it is hard for them to understand about the bitcoin, they need our knowledge to help them to know what kind really is this. If you want to understand bitcoin you need to research about bitcoin to know more about it.
Something is hard to understand when the person is not willing to learn and understand a thing. They are listening but their focus is on something else. Those people are just wasting your time and lazy to search on the internet for their own knowledge which is not worth of your time to help them.
To be honest, Bitcoin is not a rocket science so it is not that difficult to understand but if you are going into the depth of every aspect then you will have to put more efforts in order to understand the whole thing. As we all know that, there are billions of people using internet and email system but not most of them have the idea of how it works in the background. Similarly, when a person is using Bitcoin he should have the basic information and knowledge about it and it is not difficult to get it. On the other hand, Bitcoin is a new technology and it will take some time to build awareness about it among the masses.
If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.
Why you think that bitcoin is difficult to understand? just think bitcoin is a currency, no need to think about how it was created, how the process
of transactions, etc.
We are users and not developers. If we believe in bitcoin, just use it to expand our investment and gain profit.
Bitcoin is difficult to understand because it is an invisible coin and digital currency.Some people also have negative views regarding bitcoin which makes them skeptical about it. Bitcoin is not hard to understand, I think it depends on the interest of the person to understand it.
Initially it might be a bit difficult to understand for an average person. But you can always watch videos, learn the basic fundamental of bitcoin from youtube, google , read articles about it etc. You have to educate yourself if you really want to learn about bitcoin.
Try to read more articles about bitcoin or maybe you can watch video tutorial there's a lot of way on how to earn and how to used bitcoin it consumes a lot of of but after learning like investment, trading and other way for sure you will see that bitcoin its not hard to understand.
Bitcoin is not difficult to understand one should try to understand anything you found difficult can ask question every individual is so helpfull and ready to answer also one who have a to wish to understang will get it.
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