based on materials from the website - By Cointribune EN
Bitcoin users do not understand how it works. A new survey conducted by the Bitcoin mining platform GoMining revealed a surprisingly large knowledge gap among cryptocurrency users that could slow down its mass adoption. Despite being worth over a trillion dollars, Bitcoin remains a mystery to most users. The GoMining survey, conducted among more than 2,600 respondents in North America and Europe, showed that over 70% of Bitcoin users are unsure of how it works.
In brief
The GoMining survey showed that over 70% of Bitcoin users do not fully understand how it works.
Users struggle most with mining, technical jargon, and understanding when to buy or sell.
Most need clear step-by-step guides, videos, or real-life examples to better learn about Bitcoin.
Interest in cryptocurrencies is high, but the level of understanding is low.
Only 34% of respondents said they are 'very confident' in their understanding of the Bitcoin ecosystem. Even fewer, just 9.6%, said they could explain Bitcoin to a friend and 'sound like a professional'. Most admitted they either understand only the basics or do not know what to say at all. Misunderstanding creates emotional tension and slows down participation. Users cited confusion from conflicting information online and frustration over the technical nature of crypto education.
BTCUSDT chart from TradingView
The most problematic areas
When asked what confuses them the most:
28.2% of respondents said they do not understand how Bitcoin mining works.
26.5% responded that they do not know when to buy or sell.
22.2% pointed to technical terms as an obstacle.
Even among active users, basic concepts such as emission limits, network security, and wallet infrastructure remain unclear.
What people actually want
Instead of abstract definitions or official documents, users want more user-friendly training formats:
36.6% requested step-by-step guides.
33.4% prefer practical examples. 30.8% want short instructional videos.
Only 26.1% responded that simple, non-technical explanations would be helpful.
These preferences indicate an obvious problem: cryptocurrency is still too complex to learn. And if education does not become more accessible, its adoption will continue to slow down, even if prices continue to rise. The growing institutional interest in Bitcoin presents the industry with a new challenge.
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