How Would You Explain Bitcoin to a Newbie? - page 5.

bitgov

sr. member

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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?

Bitcoin is a virtual currency that has some value in dollars and still increase cause of popularization and getting more and more users everyday. It's suplies are something like 21 million.

KarenTalk

newbie

Activity: 11

Merit: 0

Quote from: robert.gn on November 06, 2017, 08:11:21 PM

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

Bitcoin is a decentralized online payment system and digital cryptocurrency.

robert.gn

newbie

Activity: 9

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

Adil Amim

full member

Activity: 238

Merit: 100

In simple, Bitcoin is a digital currency and the best part is no one controls it.

cryptokath19

member

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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?

For me i will explain Bitcoin in a simple explanation, That Bitcoin is a digital currency that can be used through online and has a different stored wallet that can be used Send and Receive Transaction. Bitcoin has a many ways to used like on buying thru online shop, can used on trading and last can sell on thru peer to peer to become a money

annango

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Activity: 361

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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?

First you should explain for them " What is bitcoin? " after you need to show how did bitcoin increase from 2014 - 2017

Honglee

member

Activity: 156

Merit: 10

Start my crypto for better world

Is a Currency!! Is a Digital type Currency! Is money!!

What is Decentralize! How to do How to use!

Kyrgyzguy

member

Activity: 61

Merit: 10

I think to explain about the bitcoin for a newbie, you need to think it through correctly so as not to confuse him

asy7

newbie

Activity: 35

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 know definitely, that even explanation of BTC and blockchain in the easiest way won`t be understood by my granny)

Ruffian14

member

Activity: 210

Merit: 10

tell them that this is a digital currency that you can use in many ways like online banking.

ZFXToken

newbie

Activity: 56

Merit: 0

Simplest way?

A protocol that holds monetary value.

loremz

jr. member

Activity: 54

Merit: 10

You jisy simplify your experience and share to your mate or friend about bitcoin how it works

Topkek

newbie

Activity: 37

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It's basically fake internet monopoly money ponzi scheme but with tulips

laguseklik

member

Activity: 254

Merit: 10

when I got this kind of question, I'll ask them to check it out in google... There are so many info about bitcoin today, it will be dificult to explain it few years ago.. Grin

scorpionso

newbie

Activity: 89

Merit: 0

imagene that there is no printed money and you carry your in your phone

CryptoNubee88

newbie

Activity: 14

Merit: 0

Bitcoin is a digital currency, just imagine it as money that comes from other country, it can be used as investment for future, that is how my friend explained it

namjey

member

Activity: 126

Merit: 10

I think it's really have to explain the entire bitcoin to newbie, but I had to i would just show the graph of the price change of bitcoin and the person would just learn abou the bitcoin on the internet

Velkro

legendary

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Merit: 1014

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.

True revolution that you won't understand because even most tech people dont understand, but put all ur money in, you will be millionaire.
Sadly this D:, because thats true, even tech people cant comprehend bitcoin.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: Krishan_94 on October 27, 2017, 02:53:15 AM

bitcoin is the first crypto currency which started in 2009 at a rate of cents.. Now it is almost more than 5500$ worth.. Its a future investment and leading crypto currency at the present ..

Stop telling people about bitcoin being an investment or a moneymaking scheme. Bitcoin is made as a global currency without borders. Bitcoin can definitely be a good investment, but it isn't made for that.

Deathgamer

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Activity: 322

Merit: 10

Quote from: Tamim121 on October 25, 2017, 11:30:34 AM

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?

Bitcoin is the digital currency. It's very useful and helpful. You can get money by this.

Bitcoin let's a lot of people to send money to anyone without a dictating central authority like a bank or PayPal with practically no fees.

Topic: How Would You Explain Bitcoin to a Newbie? - page 5. (Read 3604 times)