The difficult to understand is the unstable bitcoin value, bitcoin can rise high and fall low depending on market demand, and therefore we must learn to make predictions to benefit from crypto.
What are you confusing about the unstable price? that's reasonable because the price of cryptocurrency is highly dependent on the demand and supply that is influenced by the news and rumors. If that confuses you is a way to make predictions, you can learn the techniques in trading using the indicators that are already available. Well, it is quite difficult and requires sufficient experience to finally be able to make a fairly accurate prediction. 
Topic: Why is Bitcoin difficult to understand? - page 3. (Read 2139 times)
Bitcoin is not hard to understand people are just lazy to read.
Bitcoin is not difficult to understand people are just taking it for granted, that they don't want this kind of industry what they want is an easy money for themselves and some were finding bitcoin as difficult due to the fact that price is unpredictable.
Most of the people who says bitcoin was difficult are those who are new here, maybe because they didnt knew and fully understand the volatility of bitcoin. Actually its not hard to understand if you will going to make research or read some information about it, you must need to take time for it if you want to fully understand it.
if you are a little bit introduced on the new technologies then i do not know why it should be difficult for you to understand how bitcoin works
Overkill.
No. It's overkill if you don't refine your questions. If you ask too vaguely, you'll get much more info than you may need.
Do you know how banks send the money internally, how they store them, how your VISA card communicates with the bank when inserted into a PoS? I guess not. Then why you try to focus on all the details for Bitcoin?
You need to understand a small number of things:
1. Wallet safety and computer safety.
2. How to look onto a website to check if the fee you choose is right.
3. Install and run a simple wallet, like Electrum, how to send and receive.
4. [Maybe] How to check on a 3rd party website if a transaction was sent and confirmed.
This means that you need some 15 minutes to pay attention.
Talking about algorithms scares people.. for sure people don't know how their cards, tvs or phones work. They also don't need to know about mining but is good to know how wallets work. I think all explanations should start with the concept of decentralization and why they should own their keys and keep them safe.
Bitcoin is not difficult to understand people are just taking it for granted, that they don't want this kind of industry what they want is an easy money for themselves and some were finding bitcoin as difficult due to the fact that price is unpredictable.
I think that there are a lot of great videos and articles that explain BTC's technology. But some people can't understand it because it's a completely new technology
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 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.
I'm an ordinary person, and in my opinion it is not excessive if we will try to learn it well.
What you say's no different with making a website, I myself look at it like a Pokemon Android GAME we will not know where bitcoin location's when mined however when we find and retrieve it then the number of points increases.
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.
The technology behind Bitcoin and Blockchain in general is truly complex for a common person. However, an ordinary user don't need to get 'too' involved in the back-end complexities in order to adopt and use bitcoin and other cryptocurrencies. Nevertheless, it worth it to learn the simple basics of cryptocurrencies at own pace.
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.
The difficult to understand is the unstable bitcoin value, bitcoin can rise high and fall low depending on market demand, and therefore we must learn to make predictions to benefit from crypto.
Actually not a bitcoin that is difficult to understand, it's just that many people are lazy to learn bitcoin. If they want to take the time to learn bitcoin by reading articles or watching videos about bitcoin, surely they can understand bitcoin.
Anybody could learn if theirs a willingness on it. If someone is interested to explore then in could be more easier to learn. Just take it slowly and not to feel hopeless then at the end of the day you will explore and love the world of BTC.
Anybody can learn about in bitcoin if willing to learn and have interested to explore in the new things of technology especially in crypto world. It's so easy to learn more about in cryptocurrency if you have determination to learn and I assure you at the end of the day you learn little by little and ready to explore to world of crypto currency and I think you love it .
Bitcoin is not difficult to understand if more research is conduct , for you to know bitcoin has max supply, block size, hashrate and 100mln of Satoshi then you must have read or do a little research, so you need more to know how it's work technically which determine it movement and other things that required for better understanding of Bitcoin I think with all these you will see that Bitcoin is not hard to understand.
Bitcoin is difficult to understand just because of the way it is presented to people.
Nobody in the world really knows how "real money" works. If the focus of Mastercard's marketing strategy had been on the explanation of "how your credit card works", instead of simply says "your money wherever you are, whenever you want", probably we would be here asking: Why is Credit Card difficult to understand?
The issue we have is that this market has still been developed having the code vision as its guide.
To make Bitcoin as relevant as it can be, we will have to put more talent, expertise and focus on products and services that allow people to use Bitcoin without the obligation of "contemplate" the Bitcoin system. Bitcoin must be more a kind of invisible protocol.
The Bitcoin world, sorry to say, will have to kill the silly proud of being "so-hard-for-common-people".
Until there, Bitcoin will remain obscure.
Nobody in the world really knows how "real money" works. If the focus of Mastercard's marketing strategy had been on the explanation of "how your credit card works", instead of simply says "your money wherever you are, whenever you want", probably we would be here asking: Why is Credit Card difficult to understand?
The issue we have is that this market has still been developed having the code vision as its guide.
To make Bitcoin as relevant as it can be, we will have to put more talent, expertise and focus on products and services that allow people to use Bitcoin without the obligation of "contemplate" the Bitcoin system. Bitcoin must be more a kind of invisible protocol.
The Bitcoin world, sorry to say, will have to kill the silly proud of being "so-hard-for-common-people".
Until there, Bitcoin will remain obscure.
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.
Yes, bitcoin is difficult to a beginner in the world of crypto currency cause you need enough knowledge cause it not easy to start here if you don't have basic information how to invest in digital currency it may cause lose your money. There is lot of resources and instructional materials you can use like reading articles on the forum or watching in you tube it is very helpful before you start to invest.
Maybe it is overkill at the moment but that is the way of every new technology. As we progress,easier ways will be developed to make it easier to understand. The average guy does not really care to go deep into the process. Most just want to make money.
people who do not like bitcoin are those who do not know what bitcoin is, they are affected by the negative information of bitcoin in the media. They do not know how bitcoin works and the benefits that bitcoin brings.
Bitcoin transaction are done online with the help of mining it is operated without a third party influence and it is a decentralized one so it is difficult for a common man to digest or understand Bitcoin It is transacted all over the world without much effort or loss to the user.
The best thing that can be done is to make sure that we learn much about the blockchain technology which is the backbone of all cryptocurrencies and all these difficulties will be out.
Actually, bitcoin is easy to understand if you are sure to learn more bitcoin and you can read a rowdy article to recognize bitcoin further if you have a friend who has already recognized bitcoin maybe you can ask with those who have more knowledge about bitcoin
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