Topic: What Is Bitcoin? - page 5. (Read 5029 times)
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency. Its conception is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.
I think bitcoin is a place where you can invest a little money and get huge payout.
I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
Bitcoin is an internet money and we can use it to buy products online just like credit cards. Bitcoin is also good for long term investment since the value is increasing as the time goes by depending on the markets flow, there is no doubt that bitcoins is an asset but still we can call it as a currency.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized[a] digital currency. Its conception is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009
I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
Now a days, bitcoin is most important decentralized digital currency and secure payment system and bitcoin is the first online currency all over the world. bitcoin use blockchain technology i think it will be future money.
bitcoin is a digital currency, digital asset, that you can use for payment, investing, and trading.
You can read many information on this forum about it.
You can read many information on this forum about it.
I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
for me bitcoin is our future currency because it is decentralized. in the future bitcoin will be used as a payment global because it is already legal to all country. For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
BTC like money can use for transaction and BTC have high value and can use for business and much more and BTC popular and world know about BTC
Decentralized truth ledger.
for me in my own opinion bitcoin is a a virtue that can change your life it is one of business that you can give your trust and also a business that you can invest your money and your money that sure it will grow thats how bitcoin really can change my life , 
as I know, bitcoin is digital currency which available on the internet and many people right now use bitcoin as their new investment. bitcoin itself could be a new source to make money for many people and now they open their eyes just to see that bitcoin exists among them without any difficult to buy. we can buy bitcoin at many places especially in localbitcoin and we can directly buy with the existing seller in that site and they can send the bitcoin to our wallet.
As general Bitcoin is a digital / virtual currency that circulate around the internet. It can be stored in digital wallet that is secured by our private keys and other secured passwords to be able to secure it from hackers. It can be use as payment in different transactions as well it can be an investment. It is a very good investment because of the higher income possibility. Thats why i keep on investing specifically for long term to be able to generate good profit for my future and for my family.
Bitcoin is a good business, we just invest a small money and can earn a big money. With bitcoin we can change our financial and life way.
Bitcoin is the more popular cryptocurrency, with blockchain technology, of a decentralized nature.
what bitcoin is for me to say that I'm just a bit new here bitcoin is important and it's great to help me and you let us take care of bitcoin because it's great for net profit bitcoin.
Bitcoin is a currency in digital form that can be converted into local currency in general, can be used as a means of buying and selling transactions.
I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
Bitcoin is a digital and the first currency, it was invented under the name of Mr. Satoshi Nakamoto and created in 2009. Bitcoin can be transact all over the world with out knowing the identity of individual also.It has the most highest value and the top 1 of the list in the coinmarketcap.
Bitcoin is the first cryptocurrency. This is made by the technology that can convert thru real money..
For me, Bitcoin is a payment system having more benefits as compared to that of traditional fiat system. I was using popular international money transfer service but it was charging me excess amount in terms of fees/exchange rates etc but when I shifted my (income) payments, I have noticed significant savings in the cost of transfer so for me it is a better payment system.
But i think that doesn't mean it will continue to be more benefit, because considering the price is easily changes, so sometimes transaction costs would be highly in a certain time.Agree but that's what the reward is given. Bitcoin is volatile in nature and still in the development phase so if we are holding it then we are bearing the loss when price decreases, similarly we expect profit when the price increases. High risk give high returns, low risk give low returns and it will take much time to expect stability from it but that should not be the reason to avoid it, even though the decision is based on the risk profile of the user.
The simplest definition of Bitcoin is "virtual currency". Full, Bitcoin is a virtual currency that exists only in digital form. It is neither governed nor influenced by any government regulation or financial institution. If so, then Bitcoin, although functioning as a means of payment, it does not have a physical form like a sheet of paper money or coins in your wallet. But the function is the same, as a means of payment. Bitcoin can also be cashed into the official / conventional currency.
In its role in the process of buying and selling, Bitcoin can be an alternative that offers a number of conveniences. Using Bitcoin each party may keep the privacy of the data held for each payment. Consumers no longer need to inform personal data and financial data each time an online transaction.
In its role in the process of buying and selling, Bitcoin can be an alternative that offers a number of conveniences. Using Bitcoin each party may keep the privacy of the data held for each payment. Consumers no longer need to inform personal data and financial data each time an online transaction.
Bitcoin is the magical currency. Something of value, without form, and no weight, with Blockchain modern technology Which is decentralized.
yes.There are many things to know about bitcoin. I know myself a bit.
Bitcoin is the virtual transaction system. It is a transaction on a computer network or it can be called internet money.
It is very strong. It is increasing demand. You can do everything of bitcoin with whatever you need. It is a fast transaction system. It is easy to deal with bitcoin.
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