Forex Bitcoin Forum

Bitcoin Forex Forum

  • Forex Games
  • Forum
  • Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
      Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
    Results 1 to 9 of 9

    Thread: Is bitcoin difficult to understand?

    1. #9 Collapse post
      Trader_Rob is offline
      Senior Member Trader_Rob's Avatar
      Join Date
      Oct 2018
      Posts
      703
      Thanks
      60
      Thanked 66 Times in 56 Posts
      SubscribeSubscribe
      1
      Bitcoin is complex. Its main idea is fairly easy to understand but if you go deeper, some things might get a little confusing. It took me awhile before fully understanding cryptocurrency.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    2. #8 Collapse post
      AbdulShiek is offline
      Senior Member AbdulShiek's Avatar
      Join Date
      Dec 2017
      Posts
      1,954
      Thanks
      6
      Thanked 169 Times in 137 Posts
      SubscribeSubscribe
      1
      Quote Originally Posted by PALM View Post
      They find it difficult to understand because of the bad reputation that the mainstream media shows about bitcoin. When there are scams and hacks, they think that it's all bitcoin's fault which they think that it has its own understanding and thought to move alone.

      The mainstream media never made it clear that bitcoin is the same as any other online payment method which can be used for both good and bad purposes.
      The reputation of Bitcoin has been cleared by some positive feedback made by investors.People don't easily understand how crypto works because the trading features are too complicated.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    3. #7 Collapse post
      PALM is offline
      Senior Member PALM's Avatar
      Join Date
      Jul 2018
      Posts
      500
      Thanks
      0
      Thanked 26 Times in 18 Posts
      SubscribeSubscribe
      0
      They find it difficult to understand because of the bad reputation that the mainstream media shows about bitcoin. When there are scams and hacks, they think that it's all bitcoin's fault which they think that it has its own understanding and thought to move alone.

      The mainstream media never made it clear that bitcoin is the same as any other online payment method which can be used for both good and bad purposes.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    4. #6 Collapse post
      Newbie_trader is offline
      Senior Member Newbie_trader's Avatar
      Join Date
      Nov 2017
      Posts
      1,496
      Thanks
      4
      Thanked 157 Times in 127 Posts
      SubscribeSubscribe
      2
      Quote Originally Posted by darexgeorgieviya04 View Post
      There are already decent books like Andreas Antonopoulos' The Internet of Money. Though I still think YouTube and internet research is the way to go as it's safe to assume that the majority prefer using the internet over reading physical books.

      Also, the difficulty of understanding Bitcoin and cryptocurrencies completely depends on what aspect(technical, economical, etc) a certain person is actually trying to understand.

      Lastly, let's not forget that the concept of having a decentralized non-custodial currency is really really new, hence don't expect people to grasp the concept easily. In the first place, it's safe to assume that most people don't even understand how money in general works, what more a quite-new invention like Bitcoin.
      I don't think there's a printed book about crypto currencies. The only thing we can comprehend about Bitcoin is through the demo trading account.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    5. #5 Collapse post
      darexgeorgieviya04 is offline
      Senior Member darexgeorgieviya04's Avatar
      Join Date
      Feb 2018
      Posts
      625
      Thanks
      0
      Thanked 15 Times in 16 Posts
      SubscribeSubscribe
      0
      There are already decent books like Andreas Antonopoulos' The Internet of Money. Though I still think YouTube and internet research is the way to go as it's safe to assume that the majority prefer using the internet over reading physical books.

      Also, the difficulty of understanding Bitcoin and cryptocurrencies completely depends on what aspect(technical, economical, etc) a certain person is actually trying to understand.

      Lastly, let's not forget that the concept of having a decentralized non-custodial currency is really really new, hence don't expect people to grasp the concept easily. In the first place, it's safe to assume that most people don't even understand how money in general works, what more a quite-new invention like Bitcoin.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    6. #4 Collapse post
      Mr. Cid is offline
      Senior Member Mr. Cid's Avatar
      Join Date
      Dec 2017
      Posts
      2,032
      Thanks
      7
      Thanked 175 Times in 148 Posts
      SubscribeSubscribe
      2
      The cryptoworld is very difficult to comprehend due to its technicalities.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    7. #3 Collapse post
      Alexthedefender04 is offline
      Senior Member Alexthedefender04's Avatar
      Join Date
      Nov 2017
      Posts
      557
      Thanks
      0
      Thanked 26 Times in 21 Posts
      SubscribeSubscribe
      0
      I suppose most people don't really need to know in-depth technical aspects of Bitcoin as I assume knowing its basics might suffice for anyone who wants to try it.

      There is a ton of Youtube videos and reference materials that can be found on the net including information from this forum. If anyone is really interested to learn about it then I also think they might find it interesting as long as they have enthusiasm.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    8. #2 Collapse post
      AbdulShiek is offline
      Senior Member AbdulShiek's Avatar
      Join Date
      Dec 2017
      Posts
      1,954
      Thanks
      6
      Thanked 169 Times in 137 Posts
      SubscribeSubscribe
      1
      Crypto trading isn't easy to comprehend. Many people struggle to understand how the technical and fundamental analysis works. Consistent practice and trading help people learn over time.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    9. #1 Collapse post
      sashavich04 is offline
      Senior Member sashavich04's Avatar
      Join Date
      Jan 2018
      Posts
      601
      Thanks
      0
      Thanked 26 Times in 21 Posts
      SubscribeSubscribe
      0

      Is bitcoin difficult to understand?

      Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
      I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    Subscribe to this Thread (3)

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •