How Would You Explain Bitcoin to a Newbie?

@ment.ion

newbie

Activity: 1

Merit: 0

Quote from: Nakamotish on October 25, 2017, 10:29:11 AM

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

As newbie, I prefer not to get explanation from other people before I get knowledge from my own research.
Then when someone explain to me, I'm not blind at all. And it's become something like enrichment.
That's my preferences as a newbie, and I'll do the same when I have to explain to newbies.
I'll let them get their own references first, and I will explain and complete information he/she didn't get.

BLAST2MARS

full member

Activity: 490

Merit: 100

Bitcoin is going to replace the old dirty cash that is controlling us in many, many years and it freed us from the corruption and high-inflations.

chathura

member

Activity: 117

Merit: 10

If you want to know what is Bitcoin, how you can get it and how it can help you, without floundering into technical details, this guide is for you. It will explain how the system works, how you can use it for your profit, which scams to avoid. It will also direct you to resources that will help you store and use your first pieces of digital currency.

Kiki Rusma

jr. member

Activity: 40

Merit: 11

I first listen to bitcoin from friends is quite interesting with the benefits he received, then I search for more information on google, there I learn one by one to get to the trading, so tell me what your experience of the benefits and risks that may happen.

imsotiredofmoviereboots

full member

Activity: 476

Merit: 100

It is the new money but in digital form. As simple as that.

bribed

full member

Activity: 238

Merit: 100

I always explain Bitcoin or cryptocurrencies by explaining what the blockchain is. In general I do that with the example of a phone book. A distributed ledger, as the blockchain is, is like a public phonebook (register) where everyone has the same copy of, if anyone makes a change in it, everybody has to verify the change. Its hard to explain this in english to me. In my language I can explain it pretty good I think, and most of the time people understand it after I explained it to them.

thinkpad99

sr. member

Activity: 654

Merit: 250

Quote from: MegaTurtle on December 05, 2017, 10:15:56 AM

Bitcoin is a very promising project and Bitcoin payments are available all over the world in the near future, all you need is to buy bitcoin right now.

It's quite a difficult task, so I do not do it. My friend told me about Bitcoin a few years ago and I did not believe it myself, which is why I know that others will also understand what a virtual coin is.

MegaTurtle

member

Activity: 141

Merit: 10

Bitcoin is a very promising project and Bitcoin payments are available all over the world in the near future, all you need is to buy bitcoin right now.

Micerker J. Meyer

newbie

Activity: 53

Merit: 0

It's a cryptocurrency

Cryptoryx

newbie

Activity: 56

Merit: 0

In my opinion, one of the best ways to actually understand a new topic would be "Explain like Im five" kind of articles / videos.
When you understand the core and the basics of anything, it becomes simpler to move forward with it.
I like this video - https://www.cryptoryx.com/what-is-bitcoin/

Goes through the general idea of what is Bitcoin in less than 2 minutes.

Makar88

jr. member

Activity: 52

Merit: 10

What is Bitcoin (bitcoin, btc, Btk, bitcoin) in simple words? This is a new generation of decentralized digital currency, created and operating only on the Internet. No one controls it, currency issuance occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. This is the essence of bitcoin.

cryptogear90

newbie

Activity: 5

Merit: 0

Hello everyone!

Just started my youtube channel! Please check out my videos here for some tutorials!

How to mine bitcoin on laptop: https://www.youtube.com/watch?v=CKhIjfROjZo&t=4s

how to use whattomine.com: https://www.youtube.com/watch?v=urWEuzQjLKE&t=1s

Remember to like, comment and subscribe!

Cryptogear

Rhencylopez2315

newbie

Activity: 30

Merit: 0

Read! Read! Read and understand every posts and comments of others so that you can learn 😊

Futureblnr

full member

Activity: 154

Merit: 100

I'm totally new and very interested in using Bitcoin to payoff my loans and hopefully my house.By the way, have anyone heard about my time coin project? Its kind of encouraging you spending time in the internet by tokens. Its not new idea but its interesting how tokes could be available for everyone.

storm28021990

newbie

Activity: 3

Merit: 0

Quote from: AGD on October 25, 2017, 11:19:28 AM

I would tell him to watch this video:

Bitcoin 101 - Quindecillions & The Amazing Math Of Bitcoin's Private Keys
https://www.youtube.com/watch?v=ZloHVKk7DHk&t

thank for share. but I don't know how to get free btc, can u help me

Chhor

newbie

Activity: 1

Merit: 0

Quote from: Nakamotish on October 25, 2017, 10:29:11 AM

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

I'm totally new and very interested in using Bitcoin to payoff my loans and hopefully my house.
Is it advisable to borrow more to hopefully make this happen.
As I'm paying interest and looking for Bitcoin to be my saviour.

thinkpad99

sr. member

Activity: 654

Merit: 250

Quote from: Sanu Simon on November 23, 2017, 09:52:10 AM

Being a newbie to the bitcoin needs more learning. The same is possible with our forum and for reference can go through Google and other sources. This is how I've been insisted to follow to make myself strong in using of bitcoin and to gain good knowledge about it.

At the beginner's place, first of all I would take care of the good security of my coins, good protection is the basis. At the beginning I would not invest huge sums because it is easy to lose by excessive risk. All you have to do is be patient and step by step you will reach the goal.

MuffinMaster

sr. member

Activity: 1414

Merit: 265

Pepemo.vip

Quote from: vivilast on November 25, 2017, 01:49:15 AM

maybe i will need a website or blog that know and interpret about bitcoin

Or just let him read on his own cause making knowledge from others is next step, after making some thoughts and getting information by hisself (in my opinion).

tumar

newbie

Activity: 196

Merit: 0

I will explain,bitcoin is virtual money a lot of people use it to send or receive to another person,with wallet your created by yourself

NERDNERDNERD

newbie

Activity: 14

Merit: 0

I want to learn more about crypto and from my experience, I feel that conferences could be a good way to learn... I found this one https://blockshowasia.com/ and I'm thinking to go

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