Is it hard to understand the world of cryptocurrencies?

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Is it hard to understand the world of cryptocurrencies?

This question came up to me some time ago when I was starting, my way in the blockchain and cryptocurrencies was in a self-taught way basically, of course, someone in the beginning oriented me, gave me the bases for it, then I dedicated myself to incursion in different areas until I arrived to this platform, that at the beginning I didn't find easy to understand, and it is logical, I didn't have any experience in what concerns to edit, design, etc, but little by little I learned.

Now, I stop and analyze, and without a doubt the answer to that question is YES, IT'S COMPLICATED. It means having a new vision of money, plus getting used to having the management of your funds, worrying about your security, knowing that you are facing great variations in prices, and that if today you invest $500 in a specific crypt-currency in the morning it is possible that in the afternoon (and even immediately) you could have half of what you invested. But this also implies that you could have a lot more than what you invested, it is part of the risks in the crypto-world.


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Most people are comfortable handling their traditional bank accounts, entering with a simple key that they can memorize, something that is really complicated to do if we see the dimensions of the keys (private or public) that we use to protect our cryptomonies. I have noticed that only when you start from there, when you see that you need several keys to manage your account, in the case of this platform, people usually get a little scared, at least that has been my experience with people whom I have wanted to help to enter the crypt world.

Not to mention the exchanges, when they see that amount of numbers, the different graphs and everything else that we can see in an exchange because, without a doubt, the faces are frightening and many are terrified when faced with it. And it is normal that this happens, the traditional financial system is the one that has been for everyone for several decades, it is easily understandable that there are those who see this blockchain and cryptomoney as something for selected people, and it is not necessarily so.

I believe that somehow we have to simplify the process (without sacrificing security) so that the common person can enter without fear, without feeling totally lost in the attempt to learn and make this something that can allow them to have the possibilities to completely control their money, practically without intermediaries.

When it is fully understood that giving total power to the banks, as has always been the case, means that we have to be content with someone handling our money and benefiting from it while charging us to keep it safe, it will be possible to make a more radical change to independence in the management of our own resources and to be able to see - by taking responsibility - that there are options beyond those we know, we just have to venture a little, dare and obviously take risks, perhaps it is the latter (taking risks) that will keep many on the sidelines, however, I know it is worth doing.

How was your entry into the world of cryptocurrencies? Was it difficult? Did someone guide you?

I'd like to know about your beginnings in the crypto-world...

let me know in the comments.
Thank you so much for reading me.

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21 comments
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Hola @josevas217 para mí fue difícil y aún no entiendo muchas cosas

Todo lo que dices es muy cierto, el miedo la incertidumbre es parte de este mundo cuando iniciamos, pero hay que cambiar la visión de lo que estamos acostumbrados hacer con el dinero.

Aprender a usarlo, invertirlo y manejarlo es la tares que hay que hacer en el nuevo mundo.

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Hola @soyunasantacruz
Realmente hay que aprender a manejar nuestro dinero, es necesario, porque si seguimos dando el poder a otros para que lo hagan, es sencillo, nos van a seguir dominando. Perder el miedo, o controlarlo es crucial en esto, para que podamos avanzar como merecemos.

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It was difficult but I enjoyed the learning curve.

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For me it has been good, I have enjoyed it too, no doubt, and it continues to be learned.

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I remember to have read over 4 or 5 books about blockchain and bitcoin.

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There are only few things more complicated, more erratic and prodigious than understanding cryptocurrencies - especially the price movements. Thanks for sharing.

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he he he
the prices, hard to understand, honestly. The variations are great, every minute or second, but it is one of the characteristics of the crypts, taken advantage of by the traders. Thank you for your comment.

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My entry was Steem ... I had prayed for a way in that I COULD understand, and the Lord granted my request then, and then allowed me to hang in long enough to be upgraded to Hive! This is how I learned my way around the crypto space, and now the graphs and charts are no problem .. after SIXTEEN months.

We do need to simplify it. I stayed around and learned because you don't give up on what you ask the Lord for, but if I hadn't known that, the learning curve might have discouraged me! There are STILL things -- like technical analysis for crypto -- that are kind of ROUGH!

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The technical analysis is a bit complicated, it's going to take time. I'm working on it, but what you're saying is that there's been a path to get here, and I'm sure that if you look back you'll realize that you've learned a lot.
And that's good, but, we all still have to learn, is reality, and there is time for that.
Thank you very much for your comment.

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Oh, yes ... I was able to look at a situation from a TA perspective in the last week and see that things were about to go wrong and change my stop losses to get ready ... and, here on Hive, I can look at what is going on and reinvest into the ecosystem in ways that cushion from the ups and downs in advance. It has been a great -- if difficult -- learning experience!

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En busca de una libertad financiera !! encontré el mundo de las criptomonedas, mediante un Colega el cual me brindo orientación... realizo actualmente una capacitación para entender las diferentes blokchains, exchange y realizar operaciones en los mercados. Me parece sumamente satisfactorio a pesar de mi corta edad ya entender de manera intermedia cada uno de sus temas .

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It is a somewhat complex world, there are many things that exist and many more that come out every day, however, you can learn little by little. It is necessary to learn how to manage in the exchanges. Very important, at any time we end up understanding them very well, and it becomes easy. Thanks for your comment.

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My first experience with crypto was with Steem and CTP Tokens. I didn't find it to difficult to understand the basics but I am still learning about some of the other things involved. It would be nice if it was a little easier and it has gotten easier over time with the new technology they are using, but I think many people still have fear of the unknown or the risk.

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Hello @maddogmike
As you say, over time I think the processes have become easier, or maybe because you are already familiar with this, it will become easier. CTP tokens, I have some, is a good tribe, I see that is very active and very serious, that is good, it is necessary to be so to be able to advance to something better.
Thank you very much for your comment.

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Hello @josevas217 I was skeptical about cryptos, my first experience was on these platforms, I have had some learning but I think I still need much to understand so your article caught my attention.

It would be great to carry out a campaign to train the users in the handling of the cryptos, it would be something wonderful.

See you later my friend, have an excellent week! 👍

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I was skeptical about cryptos...

Yes? look, but here you are, and already knowing a little more each day, you realize, I guess many things they say are false, as well as others if they are true. The important thing is that little by little you explore other areas, it is necessary, so you can take better advantage of other options.
Thank you very much for commenting @amestyj

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Hello @josevas217 the truth is that I also consider this world of cryptomonies to be something complicated, but not impossible. Particularly to me they guided me, fortunately I had help and I still have it for certain things, that is a great advantage. Thank you for sharing your experience.

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Yes, everything can be tangled up at first, but as we get into it, it gets easier, everything is a process, as it should be. As they say out there, nobody was born with all the knowledge.
Thank yo for your comment @franyeligonzalez

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I like cryptocurrency but cryptocurrencies and blockchain mechanism is complex to me.

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I don't think it's so hard to understand this world, but the problem is that many people just don't want to learn about it.

So, this turns out to be their personal choice.

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The internet itself is complicated enough to inspire a new digital quotient measurement for children. Cryptocurrencies will take this to the next level.

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