Topic: Why is Bitcoin difficult to understand? - page 19. (Read 2139 times)
Well everything has their explanation,i think it's not difficult to learn the basic knowledge about bitcoin.What you're talking about is the detailed explanation about bitcoin,for common people it's sure overwhelming,but people only interested in how to make money,so just explain little by little starting from how one can earn from this.
Bitcoin is difficult to understand because it is an invisible coin and digital currency. Every bit of work to be done in bitcoin is very difficult but there are many ways to learn them, such as youtube, Google. These websites help bitcoin to understand how to work properly.
Topic: Why is Bitcoin difficult to understand?
Why is Bitcoin difficult to understand? Because your brain is too small.
Bitcoin is hard to understand because bitcoin coins are the first digital money and most people probably do not understand
It is not hard to understand as long as you know the basic fundamentals about it. If we don't know the basic we will not understand the big scope of bitcoin as decentralized digital currency.
I dont think it is difficult to understand bitcoin however some people have a habit of thinking in advance that it is difficult to understand. I know someone who's just a teenager and is able to teach a 40 year old guy about bitcoin because he wanted to learn about cryptocurrencies. And sometimes it is not the difficulty of understanding but sometimes it is the willingness of a certain person who wants to know and learn about bitcoin.
exactly. it is all about the willingness. if a person is eagerly willing to learn , he can possibly learned it even if he is not an educated person (or graduate at any college course ).
it is also normal to to be confused at get lost at first when we are trying to explore new things that we arent familliar but as soon as we are dedicated to learn it , we can eventually find our selves that we did already understand the basics of it. there is nothing dificult in this world because anything is possible for a positive person.
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.
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.
actualy you have a point unto this your statement,that bitcoin is hard to understand especialy to those average people and even you are professional you can pass through ,at first you attempt to understand the scenario of this cryptocurrency investment,because theres so many complicated situation,but when the months pass by,little by little you can easily understand the scenario or trading movement of this kind of investment,definetly at first you fell confused and troubled mind but later on you can appreciatte the outcome of bitcoin learning given to your self.
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.
It's really an overkill to some people. Well, luckily for us, we dug deeper in cryptocurrency and found this forum and we are really blessed that we knew bitcoin rather than those people. 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.
For a person, who has never before faced with crypto-currencies and knows little about financial issues, it is really difficult to understand the nature and functions of bitcoin. It's difficult, because you need knowledge in the field of mathematics, cryptography, to understand how it works. However, to use Bitcoin is no more complicated than the usage af QIWI, WebMoney or regular bank card. You don`t bother with the TCP/IP protocol device when using electronic money or pay attention to the language in which the code of the program is written, which you use to transfer funds from one to another? Most people need to understand how to use bitcoin, but it is not necessary to know all the subtleties of its organization.
for some people who just know bitcoin it will be felt that is very difficult to understand. but if you continue to look for related information about bitcoin through a source or site that describes bitcoin of course you will gradually understand about bitcoin in detail.
That is a good idea actually ,at first the people joining the botcoin ,has a difficulty in understanding bitcoin at the start, that also include myself, but later by later ,upon reading more about bitcoin, you will slowly understand the concept and goals of bitcoin and its member.
I dont think it is difficult to understand bitcoin however some people have a habit of thinking in advance that it is difficult to understand. I know someone who's just a teenager and is able to teach a 40 year old guy about bitcoin because he wanted to learn about cryptocurrencies. And sometimes it is not the difficulty of understanding but sometimes it is the willingness of a certain person who wants to know and learn about bitcoin.
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.
It is not hard to understand an idea, it was the people who makes it difficult to get the thought and it's purpose. Without even going through the core and other technical system of Bitcoin, it was clearly a digital money and it is a new form of currency and also an investment. I am not an expert with this but it is what it is. We just need to be resourceful, and have knowledge about everything we got interested in so I think it is a matter of choice whether to study or not about Bitcoin. 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.
for some people who just know bitcoin it will be felt that is very difficult to understand. but if you continue to look for related information about bitcoin through a source or site that describes bitcoin of course you will gradually understand about bitcoin in detail.
most people are always ambition to succeed in the world of crypto. tampa they understand the basics of the bitcoin world itself. until the end yes they are stuck in a downturn
because to understand bitcoin at least we must first understand about IT and economics, IT understanding aims so that we can understand how bitcoin work itself and economy to understand how and what factors make price movements on bitcoin, if you already understand both things most basic then you will easily understand bitcoin
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.
Yes I don't know why bitcoin is really difficult to understand now. Why is it so long for low volatility. But I keep on hoping that bitcoin will grow up soon and it will go back to normal situation so that we will live in a cashless society. That when bitcoin is recognized to the whole world as a solution to world poverty bitcoin will be powerful.
Its not that difficult. bitcoin is plain and simple.
Bitcoin is the name of the token created under his block - chain
Block - chain is the name of the technology used to store transaction data of all bitcoin tokens.
In short, block-chain is an online ledger of transactions accessible for all people. It is irreversible.
Bitcoin is the name of the token created under his block - chain
Block - chain is the name of the technology used to store transaction data of all bitcoin tokens.
In short, block-chain is an online ledger of transactions accessible for all people. It is irreversible.
This blockchain is confusing me until I read this. Somehow this explained clearly enough for me, I think bitcoin talk is most likely to be understandable through this kind of explanations, less complex words could make it more easy to understand.
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.
Yeah it's really difficult, because it's still illegal to many country so, no formal education will teach about this.
And also, the founder itself satoshi nakamoto is also an anonymous.
bitcoin is still rare.
Bitcoin is definitely not for everyone. Bitcoin is kind of hard to explain to people who are not inclined to technology, especially old people. Not to generalize, but people who are not into technology may also not be interested in studying bitcoin. It’s hard to explain anything to someone who is not really interested. 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.
I really believe that Bitcoin is hard to understand if we are not interested especially when we are older it is difficult to explain but if we are interested it is very easy to understand and we know how to work it and we know how to get more profit.
Yes it will be hard to understand if the person is close minded to understand and study more information about bitcoin. Also people who is fud will surely avoid bitcoin specially if they will know that they can loss money with wrong moves.
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