Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin too complicated for ordinary folks?
by
Ravion
on 03/05/2018, 12:00:58 UTC
Bitcoin may seem difficult for those who do not understand technology and do not understand anything in Economics and Finance. But if you carefully study the information, it is quite possible to understand this. Main desire.
I believe that it is complicated to the elderly folks because in the first place they are not used to it they are used  the traditional way of currency and they not so familiar with the technology. But in the new generation they can easily adopt because they in the computer age this  is the way they may be  want  in the future.


That's true. It's a different kind of money that most people aren't familiar with. Especially people who are older or are not tech savvy. Opening an account and buying and selling Bitcoin has become quite simple actually, but I think there are many people that think there is a security issue about it.

Ordinary folk are listening to experts and government agencies, and the way Bitcoin is being described by those people make people avoid getting involved. Many famous investors are saying that Bitcoin is not something that will last, and governments are labeling it as a scam. In the media, it is being equated with money laundering and the payment method used by criminals.

People can only learn about Bitcoin and how it can be used if they do their own research about it. They can't be waiting for governments to be touting its use, because Bitcoin and similar currencies are something that governments don't want people to be using.
The price rally that happened last year was great for ordinary people to take notice, but it created the perception that this is just something to make some quick money with. The true value of Bitcoin and the technology it's based on is still not known by most people.