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Topic: how does it bitcoin work? - page 3. (Read 4072 times)

member
Activity: 109
Merit: 10
September 05, 2014, 12:04:15 AM
#26
If op wants to became a milionaire simply by entering bitcoin world it is not the time. You could do this like 5 years ago tho... No bitcoin is more stable and we won't see any high peak anymore.

Correct.. me, I will not risk everything I have for btc.. The thing is bitcoin is not under the government and if government will go against btc then we are fffed up.
legendary
Activity: 1862
Merit: 1004
September 04, 2014, 05:43:19 PM
#25
If op wants to became a milionaire simply by entering bitcoin world it is not the time. You could do this like 5 years ago tho... No bitcoin is more stable and we won't see any high peak anymore.
hero member
Activity: 653
Merit: 500
September 04, 2014, 02:53:24 PM
#24
What can  bitcoin do? How do you make itbecome a money making machine?

Bitcoin enables you to send your money to other persons fast, easy, cheap and without a third party in the transaction. Smiley
member
Activity: 89
Merit: 10
September 04, 2014, 01:31:56 PM
#23
What can  bitcoin do? How do you make itbecome a money making machine?
Money also works when you believe it's worth the money and it can trade with other things in this world.So is bitcoin people gave a value and certain valuation to it which is how the bitcoin works.Even though not the whole world accepts it as their primary mean of payment many percent of us do so.
hero member
Activity: 896
Merit: 1000
September 04, 2014, 08:29:02 AM
#22
How do you make itbecome a money making machine?
Bitcoin is money

Bitcoin is "somewhat" like money

It is arguable. Many bitcoiners consider it as a currency, while major governments consider it as an asset.
How do you make itbecome a money making machine?
Bitcoin is money

So its all positive then. One a new currency and the other as an asset.

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?

Nope, you need electricity and internet connection, to broadcast your transaction.


Sorry, I am not quite sure what you wanted to say by quoting my two posts...
newbie
Activity: 22
Merit: 0
September 04, 2014, 08:10:06 AM
#21
I dont know if third world countries knew about this btc thing
member
Activity: 72
Merit: 10
September 04, 2014, 08:08:22 AM
#20
You might as well read something about it
newbie
Activity: 23
Merit: 0
September 04, 2014, 08:01:51 AM
#19
How do you make itbecome a money making machine?
Bitcoin is money

Bitcoin is "somewhat" like money

It is arguable. Many bitcoiners consider it as a currency, while major governments consider it as an asset.
How do you make itbecome a money making machine?
Bitcoin is money

So its all positive then. One a new currency and the other as an asset.

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?

Nope, you need electricity and internet connection, to broadcast your transaction.
hero member
Activity: 896
Merit: 1000
September 04, 2014, 07:55:40 AM
#18
How do you make itbecome a money making machine?
Bitcoin is money

Bitcoin is "somewhat" like money

It is arguable. Many bitcoiners consider it as a currency, while major governments consider it as an asset.
newbie
Activity: 20
Merit: 0
September 04, 2014, 07:49:20 AM
#17
How do you make itbecome a money making machine?
Bitcoin is money

Bitcoin is "somewhat" like money
newbie
Activity: 15
Merit: 0
September 04, 2014, 07:40:58 AM
#16
How do you make itbecome a money making machine?
Bitcoin is money

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?

Nope, you need electricity and internet connection, to broadcast your transaction.

Then is it correct to say that it is an internet money?
hero member
Activity: 896
Merit: 1000
September 04, 2014, 06:51:18 AM
#15
How do you make itbecome a money making machine?
Bitcoin is money

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?

Nope, you need electricity and internet connection, to broadcast your transaction.
newbie
Activity: 24
Merit: 0
September 04, 2014, 05:03:32 AM
#14
How do you make itbecome a money making machine?
Bitcoin is money

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?
newbie
Activity: 37
Merit: 0
September 04, 2014, 01:15:44 AM
#13
How do you make itbecome a money making machine?
Bitcoin is money

Is it acceptable if I say, Bitcoin is internet money?
sr. member
Activity: 298
Merit: 250
September 03, 2014, 10:35:25 PM
#12
Read these two Guides, they both will answer all your question hopefully.
http://www.coindesk.com/information/
https://multibit.org/faq.html
newbie
Activity: 26
Merit: 0
September 03, 2014, 10:07:40 PM
#11
It slowly crawls in your head and then it becomes who you are. Smiley
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
September 03, 2014, 01:42:35 PM
#10
It works like gold because it is mined by computers, the mining cost money which gives the whole ecosystem value.  It's a system of checks and balances that allows the user to not have a middle man or third party involved to moderate a transaction between to or more parties.  A system of based on trust and not debt in order to work.
full member
Activity: 126
Merit: 100
September 03, 2014, 10:49:01 AM
#9
There are lots of search engines that can debrief you on what Bitcoin is like this forum or letstalkbitcoin network or podcast and radio.
full member
Activity: 214
Merit: 100
September 03, 2014, 07:55:00 AM
#8
What can  bitcoin do? How do you make itbecome a money making machine?

I assume you are asking about mining machine. Actually those mining machine isn't profitable so its sucking money machine.
member
Activity: 112
Merit: 10
We Have To Stop The IMC!
September 03, 2014, 07:43:07 AM
#7
bitcoin is money each 1 btc = 500 to 600$
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