Describe, what is bitcoin? (your own opinion) - page 2.

Bughah

newbie

Activity: 90

Merit: 0

Quote from: paulo013 on March 29, 2018, 12:25:53 PM

For me bitcoin is a cryptocurrency that can be use as a payment Alternative for fiat. Bitcoin is volatile so you can make profit by its price changes and also a good investment. also bitcoin is decentralized so no one can make control of it.

Bitcoin will be considered as a great provider to those who are in needs. It touch lives to be more extreme for every challenge.

andregunawan1

jr. member

Activity: 224

Merit: 1

Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency. Unlike most currencies, bitcoin does not depend on trusting major publishers. Bitcoin uses a database that is distributed and spreads to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them, and never be done more from one time.

pixie85

hero member

Activity: 2184

Merit: 531

Bitcoin is the revolution. A safe haven for people who are worried about the future. A currency that doesn't inflate, the first of its kind.
In my opinion even if it won't become the world currency it will show people how it's done and they will keep making better ones until we finally get rid of fiat.

Fasdartin

sr. member

Activity: 618

Merit: 250

Quote from: Hitesh Ohri on March 31, 2018, 08:32:00 AM

in my opinion bitcoins plays a vital role in the electronic currency.... it is a good source of investment as it gives sufficient returns to the investors...it is a better options to invest there in..

For me, bitcoin is a source of income, a financer, because bitcoin help us gain big profit, to support our family financially and for future expenses. Bitcoin as what i learned is the first decentralized digital currency, the most convenient among all the crptos. You can make transactions without third party, means no bank, no fees to be deducted for the services.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

If I were to avoid any real, existing definitions, I'd say that it's a way to hide from government control and intervention. Since the government is using us as work horses for its own benefit, being able to hold and move our wealth without anyone knowing about it gives us back the freedom that we've lost centuries ago. Bitcoin is a way for the little guy to remain independent and be able to say no and leave the country if he doesn't like its policies. That's why it became so popular among the Chinese, because it's not that easy to take everything and leave a socialist country. You're a cog in the machine and cogs can't just jump from one machine to another.

Dinomoves

jr. member

Activity: 122

Merit: 1

The Pure Proof-of-Tansaction [POT]

In my opinion, bitcoin for me is financer, for obviously can support financial needs, but it depends in own strategies on how it wisely manage their bitcoin.

Iambic

newbie

Activity: 2

Merit: 0

Bitcoin is an introduction to trading. I started trading in Bitcoin many years back as a teenager when it was worth around $500 per Bitcoin, and it (along with other cryptocurrencies) provided me with an insight into how trading works.

For some, Bitcoin is the only thing they would ever trade; people enjoy the volatility and the risk involved, but also the potential for reward. Personally, I prefer safer stock options to trade, but Bitcoin has been invaluable in making me a better trader, and smarter financially.

Hitesh Ohri

newbie

Activity: 42

Merit: 0

in my opinion bitcoins plays a vital role in the electronic currency.... it is a good source of investment as it gives sufficient returns to the investors...it is a better options to invest there in..

jasydoggye

newbie

Activity: 294

Merit: 0

Bitcoin is a form of decentralized money which are developed on Blockchain technology, that enables transaction without the intervention of any middle ground. To me, Bitcoin is the opportunity that enables not just to have some asset, rather earn value profit from it.

Djbeats

newbie

Activity: 37

Merit: 0

For me, bitcoin is a kind of source of extra income because bitcoin can buy anything especially your everyday needs and it can help us for our tuition

Noilee

full member

Activity: 532

Merit: 101

Bitcoin is one of kind of source of extra income, because we have the freedom to earn, that needs of knowledge. The bitcoin is a currency that we can invest anytime. It may helps a lot to the people.

Cryptogid

jr. member

Activity: 252

Merit: 2

Bitcoin is first the chief of crypto/digital currency,it only work for people that are cryptofanatics, bitcoin is like an investment for me that is secured, I like it alot..

StayFly

member

Activity: 168

Merit: 10

Bitcoin can be described as a peer-to-peer digital currency that is fast, secure, decentralized, and can be acceptable worldwide. Bitcoin transactions are smooth, instant, and more cheaper compared to our traditional banking system which is slow, expensive, and centralized with zero privacy - OMG, that's awful! The banks must be allowed to die for good. Grin

ngefek berat

full member

Activity: 504

Merit: 101

Bitcoin I think is very capable of relying on someone to improve the economic system because with the help of a very fast exchange rates cause traders to become enthusiastic in the search for income every time.

Exeus

jr. member

Activity: 165

Merit: 1

Quote from: nishikido on March 29, 2018, 12:53:24 AM

i just got an info from my friend about Bitcoin where you can earn money and good for investment. Well I'm still new with the know how but i think it's true. Grin

Yes it is true as what your friend doing as long as you will work hard and have dedication in life even if you have failures it doesn't matter as what they have said you can learn through your own experiences.

Hero2spin

newbie

Activity: 94

Merit: 0

bitcoin is a digital currency that is decentralized that means it can not be controlled by any party. Bitcoin is the most popular and has a very high price compared to other currencies.

cordlesslake

sr. member

Activity: 472

Merit: 250

Bitcoin in ten simple words: anonymous, decentralized, digital, free, volatile, public, fast, risky, international, fiduciary.

PauloLuks

member

Activity: 223

Merit: 11

Bitcoin is a digital currency and worldwide payment system. It's the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.

Caesar-Giulius

sr. member

Activity: 728

Merit: 250

Buy, sell and store real cryptocurrencies

Bitcoin is peer to peer money that is decentralized. This is the money you really own and there is no interception from governments.

boyshx

sr. member

Activity: 574

Merit: 251

Quote from: qweqwe2121 on March 29, 2018, 12:16:23 AM

Hello all....
I am as a beginner very curious and want to add more knowledge about bitcoin from all of you. because to me learn from the article or page of the site is not complete if not given direct explanation by people who understand or involved (Trader).

I hope with this I can complete my lack of knowledge about bitcoin, thank you all

My concept about is very simple , it starts with digital currency and ends with earning opportunity for me. :-)

Well I always like to be straight and as being non technical guy I am pretty sure that I better look at it as earning opportunity as it's technical development and other aspects doesn't really excites me in first place. Also, I would say bitcoin is something that is hard to believe at first place due to its ever growing prices and sometimes they touch the sky which makes us think twice whether this is a real or not. But yes, it's real thing and you can actually live upon it if managed properly. :-)

Topic: Describe, what is bitcoin? (your own opinion) - page 2. (Read 508 times)