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Topic: when you try to explain people about cryptocurrency do they understand? (Read 3662 times)

crypto4lambo

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 02:52:33 AM

#121

Quote from: jonathan6655321 on September 28, 2017, 09:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Many times I was being misunderstood and laughed about what I am talking about. They were not interested on what cryptocurrency is in general. They only know that Bitcoin is a money making tool online and have no interest on what to know more about it. They were amazed by how much is the value of Bitcoin but as they tackle their journey to earning it, they were being discouraged either by others or by themselves because they can't earn what they expect to earn. I always tell them to manage their expectations and know first how this works and what is the technology behind it. But there are others who are earning today since I first introduced them. They were very eager and determined to know more about Bitcoin and cryptocurrency in general. But I guess their hardwork paysoff

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DroidR17A

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 03:02:25 AM

#122

Most people I talk have heard of cryptocurrency, but they often think it's bonkers. However, even the ones that think positively of it get baffled and their eyes glaze over the moment you try to explain any of the technical aspects of it, or details of a specific project. It's completely overwhelming for them.

The main thing I've found that resonates, it's just telling them that cryptos at their most basic level, are just an encrypted transaction ledger that can store numerous different types of information.

kenjay11

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 03:07:41 AM

#123

It depends on how you will explain it to them, because if you do not know how to explain properly they will really not understand it. And to explain it properly you need to have a knowledge about cryptocurrency to make it easier for you to explain it to them. When I explained cryptocurrency to my friend, they did not understand it because I did not know enough about cryptocurrency. So I still need to know more about cryptocurrency so I can explain it well to my friends

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 03:12:16 AM

#124

Most people don't believe me, they feel like I'm getting into a pyramid scheme or being lied to, it's a huge ponzi scheme. Huh

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aimata27

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 03:21:23 AM

#125

Well it depends on how you explained to them if they will understand it or not. If you only discussed only the meaning of the cryptocurrency then I'm sure they won't really understand it at all. Try some sharing your experiences about you using and gaining bitcoins, it is an effective way for them to easily understand what cryptocurrencies are.

bribed

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 03:53:04 AM

#126

Totally depends on the people, but in general its not such an easy topic to get around when you first hear about it. Best way to learn about it is reading by yourself I guess. If I talk with people that never heard of something like a cryptocurrency its really hard to explain, but with more tech savvy people, they can imagine easier how a blockchain works and how a currency like Bitcoin can be therefore created.

rosepetals

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 05:45:30 AM

#127

Quote from: jonathan6655321 on September 28, 2017, 09:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Some of them who are a bit interested have their follow up question.Showing and telling them some example how bitcoin have helped the needs through financial which i used as a great example is one of a common friend that has earn alot even in his young age.Its up to them if they will take the opportunity or not,because for me those times that it was explained it to me i got interested but i also have alot of questions in my mind and to be able to earn more i so a little research and make fun of it.No matter how many times you have to explain but the person you try explaining seems not interested it is still their decision if they will go with the new trends of currency or not.

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carefumles

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 07:05:20 PM

#128

Quote from: jonathan6655321 on September 28, 2017, 09:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

yes it is easy start to explain them how can send money without need bank , p2p and basic information's about Bitcoin

they will start to learn more using google

meliodas

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 07:11:07 PM

#129

Quote from: jonathan6655321 on September 28, 2017, 09:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

I remembered a friend because of your question. Since I am earning through bitcoin, I tried ti share it with a friend because I know his situation and I wanted to help him to have an extra income. When I explained what crypto currency is, he laughed at me and told me that what I was trying to say was too impossible. Since then, I ignored him and I focused on achieving my goals.

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Digitalbitcoin

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 07:24:22 PM

#130

Quote from: aardvark15 on September 28, 2017, 11:23:10 PM

Quote from: jonathan6655321 on September 28, 2017, 09:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

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 completely agree.

I remember ― Philip Dick's sentence -- The existence of a majority logically implies a corresponding minority.

As people are getting aware about Bitcoin. Even still newbies are trying to understand Bitcoin in better way. It will take time to user to be familiar with bitcoins. Once user understand Bitcoin, every cryptocurrency have relatively same concept and system behind with different statistics. Rather I would like to prefer go for cryptocurrency first to demonstration how cryptocurrency exactly works, it will help far more to user to understand Bitcoin and subsequently cryptocurrencies.

gabbie2010

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 07:55:42 PM

#131

Quote from: jonathan6655321 on September 28, 2017, 09:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Complexity in the working and operation of cryptocurrencies had really made it difficult to explain to people and understanding it.
Personally it took me some time before I could be able to understand and digest every details in cryptocurrencies system, particularly bitcoin how to create a wallet, transactions, conversion of bitcoin to fiat e.t.c.
I had been trying every possible means to teach and educate people on how to use bitcoin and the responses was encouraging while some don't understand it because they are not interested.

markint

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Re: when you try to explain people about cryptocurrency do they understand?

December 03, 2017, 08:16:14 PM

#132

The problem that we usually face when trying to explain other people about bitcoin is that we usually express ourselves in purely technical terms, and this language is not what ordinary people usually use in their everyday lives. I think we should end the monopoly of technicians in this aspect, and show that people without advanced technological preparation can also benefit from the use of bitcoin, as many people use credit cards or the same fiat money without being experts in banking and finance.

family934

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Re: when you try to explain people about cryptocurrency do they understand?

December 04, 2017, 08:24:13 AM

#133

Yes, when explain the cryptocurrencies with people they understand them very well. They take interest in my talk and then they start question how to work and how to join the crypto and they want to know about how to generate income form the crypto currencies. When they understand about the crypto currencies they join the crypto and start working with.

rgcoin

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Re: when you try to explain people about cryptocurrency do they understand?

December 04, 2017, 08:52:54 AM

#134

people take some more time to understand cryptocurrancy.beacuse it some typical then other currancy like forex.but day by day people are more interested in bitcpon and altcoin trading as is return 1000 times of its investment.

liuqi

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Re: when you try to explain people about cryptocurrency do they understand?

December 04, 2017, 09:11:35 AM

#135

Quote from: gabbie2010 on December 03, 2017, 07:55:42 PM

Quote from: jonathan6655321 on September 28, 2017, 09:43:21 PM

at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?

Why you explaining bitcoin to non understandable person who is looking to make money means that is wasted thing. There are plenty of videos in Youtube to explain the bitcoin to all set of people but all of them are contains best answer of the newbie so check by your own and then send them to check about it. If you blindly explaines the transaction, wallet and etc..
In that sense you will be able to make that person proficient in bitcoin and its all investment options.

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ezekhiele

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Re: when you try to explain people about cryptocurrency do they understand?

December 04, 2017, 12:21:58 PM

#136

Well, it depends on the person if he/she is not interested about crytocurrency and think it as a scam, eventhough you will spend the entire day explaining or speaking about it he/she could not understand but if you will spend your time elaborating, explaining to those people who is interested and willing to learn about crytocurrency he/she can understand. Aside from that, that person will search and study on his own about cryto world and all you need to do is to guide him her.

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Re: when you try to explain people about cryptocurrency do they understand?

December 04, 2017, 02:03:31 PM

#137

Honestly I explained to many what bitcoin was and I had to spend a lot of time on it since they thought I was speaking in some other language

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Re: when you try to explain people about cryptocurrency do they understand?

December 04, 2017, 02:07:19 PM

#138

When you talk about cryptocurrency, the first impression that people get is that it is illegal and untrusted, but that's the other way around actually.

gigatux

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Re: when you try to explain people about cryptocurrency do they understand?

December 04, 2017, 02:12:06 PM

#139

actually at first, I was also confused about cryptocurrency but then as I Journey here in bitcoin I realized what cryptocurrency is. A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. at first, my friends doesn't know about it. They have a lot of questions regarding cryptocurrency but now I can confidently answer them correctly

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Re: when you try to explain people about cryptocurrency do they understand?

December 04, 2017, 02:28:10 PM

#140

I alao wonder about this since I am new to the Crytocurrency world. I am still adjusting, navigating and getting to know with bitcoin so it is still hard for me to wrap it up in my head. So I read more about it and try not to get more confused at the same time.

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