How hard was it for you to understand cryptocurrency?

[deucher]

I became interested in cryptocurrency at the end of 2021 and it was all difficult for me because there was a lot of information that I never knew before and I needed to learn it all. But it was easier for me to study than others because I started investing together with my brother, so it was easier to discuss and study together. What is your experience in learning cryptocurrency?

 

[Nomad]

I heard about Bitcoin in 2014, but never took any interest in learning more. In 2016, when I was trying to withdraw my earnings from a site, I saw an option to withdraw through coinbase. I use that option and in february 2016, I received 0.25 BTC. sadly, I did not hold my assets, I converted into fiat money.

 

[BigAx]

I think I had my first wallet with bitcoins in 2015/16 - at that time it was still a kind of pirate exchange currency. I must have done my first few purchases on bitify.com (noRef Link). Or any similar site. Really 'only' to buy some things or services. I only speculated much later: 2019/20 maybe. For me, Bitcoin, Etherium and so on are mainly objects of speculation today. I don't even try to understand the 'inside of a bitcoin'. Gold is very valuable and platinum or also palladium, which gives fewer resources and probably total amounts than gold. Anyway, gold is worth more than palladium or platinum. I could do the same of Stock A when I compare it to Stock B. It could be completely illogical at first or even at second glance. I'm good at trading Cryptocurrencies. Weekend trading is possible, which is (hardly) possible with any other stock market value. You can trade systems that would cost many times the effort in forex and futures trading. And it's a more volatile market. Might be easier to trade.I will not memorize the bitcoin now

 

[Riberet19]

Well, look, I have always been a fan of computer science and everything related to the internet since I was very small I am also good at mathematics, so it was not difficult to understand everything that has to do with cryptocurrencies, the only thing I did not have so much knowledge was in finance and economics, but it was something that cryptocurrencies helped me understand better and that I was very interested in economics and finance, in fact it is now one of my favorite areas.

I think that for many people cryptocurrencies are very difficult to understand because they do not understand well how the economy works, the rules of the market or even the computer terms themselves that cryptocurrencies entail, but over time it is achieved.

 

[Heatman]

A lot of people are finding it very difficult to understand cryptocurrency. It's even worst for those who are not well into digital stuffs online or even using of online e-wallets. I had my struggles with understanding cryptocurrency after I was scammed in a pyramid scheme cryptocurrency ponzi. I took time to start researching and learning from different sources for over 3 months before I began to grasp what it's all about.