Topic: What is bitcoin (Read 7911 times)

Bitcoin was an irreversible invention, and for the first time in the digital world, it created something that was not replicable, not centralised.

Bitcoin is a currency system that is completely out of the bank and runs on the Internet. Even government law enforcement agencies cannot seize or confiscate bitcoin. Unless the Internet is completely shut down, the bitcoin network cannot be blocked. In the currency system, you can really master your money, rather than through Banks indirectly to master your money, for the first time in human history to use technical means to ensure the private property is inviolable.

which I know bitcoin is the currency of the future. Bitcoin is also called crypto currency which is a digital payment tool. Bitcoin is a plat form where we can get what we want we need to focus and stay patient as we do and believe me bitcoin will sway in the future too so for me bitcoin is my whole life because it is digital currency and currency digital is the need of the digital world.

Bitcoin is the king of all coins it is an electronic currency a cashless digital high tech of currency  you can  use it for payment buying receiving

Bitcoin is a currency that can not be controlled by anyone unless we just follow the rules of the game because bitcoin is easy to get and easy for transactions wherever possible, so I'm happy to follow the bitcoin and I'm sure bitcoin can change the world full of bitcoin sometime in the future.

If your friend just heard about bitcoin, yeah they will ask you what is it.
from my personal opinion bitcoin is a digital currency, not only as a currency, but as an investment too.
it is the first decentralized digital currency.

Bitcoin is a digital money,thru computer or in your phone with internet you can transact easily.It is the first cryptocurrency in the world.Bitcoin is a new currency. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used also to pay bills and But much of the hype is about getting rich by trading it. The price of bitcoin increase if the demand also increase.

Bitcoin is a virtual or cryptocurrency that is accepted worldwide. Bitcoin is a digital payment system. Bitcoins work without a single administrator or a central repository. Therefore, Bitcoins are known as world’s first decentralized digital currency.
An unknown programmer or their group invented Bitcoin as software and released it in the world as open source software in the year 2009. Bitcoin is a peer to peer system. No intermediary is needed to execute Bitcoins transactions between users. All Bitcoin transactions are verified in a public distributed ledger known as Blockchain. Verification of transactions is done by network nodes.

Bitcoin is a relatively new form of currency that is just beginning to hit the mainstream, but many people still don’t understand why they should make an effort to use it.
Bitcoin was one of the biggest leaps in technology since the inception of the Internet, hailing the new era of digital money, disrupting industries and financial institutions as well as introducing a new social paradigm where transparency and trust are the default value.

On The Importance Of Bitcoin
Transactions are fast, secure and global. Bitcoins enable people to maintain their records without the fear against breach in Data privacy. The main benefit is that people can create ‘N’ number of bitcoin wallets. It is not mandatory for the people to show their identities during business transactions thereby the users can maintain their finances private. Whereas in a Bank the Identity has to be revealed by the user during any kind of transaction.

This is the most asked question to me lately. Already, all of my friends know about my activity with cryptocurrency and I constantly have to talk about it.  I tell only the most general information that can be easily found in Google.

I'm just explaining it's cryptocurrency. I have my own blog in the Telegram, and anyone wishing to learn more about bitcoin, I just give a link to this blog for self-study.

Bitcoin is a platform by which many people are getting the chance to work. Which is helping to remove unnecessary tiredness. In which people are finding the hope of survival by working. So Bitcoin is the best online trade in the world.

Bitcoin is the Digital Currency we will use next day, which has slowly introduced us to know more about what is Bitcoin.
Bitcoin is an Investment, which in the future we will need Investment facilities for our economic development, and Bitcoin is also as a means of future investment will be growing that we will use everyday.
From Bitcoin, we will get a science lesson about the World of Investment that we did not understand before, and from Bitcoin we will also get a field work that we can see in all systems and all the programs that Bitcoin has provided for us, which will make we get good economic results for our future and all our families.
Bitcoin is a means of saving our future, which for us is always motivated to pursue and achieve the dream we want, but we also must always remember to do it with patience and also good in doing all systems and programs from Bitcoin this.

Bitcoin is the digital money and one of the thing that will become game changer in the future.Bitcoin is decentralized and can be used as the mode of payment in some businesses or stores.It can also be use to send some funds wherever you are and or whenever you want to.Bitcoin also increases its value by itself. And I am hoping that as much as possible, people must know this already, especially to those people who are lacking some money, they must work in bitcoin.

This is the point. You can use bitcoin in these ways. Many people also use computers to do the mining which means that they mine new bitcoins so that there are more of them. This can also help the price which is why many people are now using bitcoin in their lives. Bitcoin can also replace your investment pension so that you have money in your later life.

my own response when someone asks what is bitcoin? I would definitely direct his answer to google because that would be the clearer answer. bitcoin is not an easy thing to explain to fellow individuals. it will be quite complicated and confusing.

Bitcoin is a digital currency in the modern world.There are many currency in the online market bitcoin is one of them.It is the most powerful coin.Its value and price increase day by day.It is most trusted currency also.If you have extra money and you want to increase it or keep it in a safe place then you buy some bitcoin or invest your money in bitcoin.It is not only keep your money safe it also increase your money in a very short time....



your ever

I have seen many people ask me too what is Bitcoin? They usually said I have heard about the word Bitcoin but I don't know what is used for. The short answer I give to them is that, Bitcoin is nothing but a virtual currency or a medium of conducting digital transactions, just like any other digital currency. And can be used to purchase things and also can be exchange for physical cash in the currency you are using. Then refer them to Google for more details.

Bitcoin is a digital currency that allows two or more  individual to transfer their money without any control or not proceed to any financial institution in short it's a direct transaction of money.

Bitcoin is not only a place to hold your money infact it is the future , it is the future of currency system like there was barter system when goods were exchanged for goods but was replaced by currency similarly currency will also be replaced by bitcoin dont know why people are just thinking of only investing it they should actually practically use it as it was for our ease not for investment.

Imagine a small village in the mountains where you do not use money. Neither likes Basia's watch, and Basia has chosen the Ania bracelet. Both ladies have agreed and want to exchange accessories. Before this happens, however, all the inhabitants of the community gather in one place, who check if Ania is the owner of the watch, and Basia bracelets. The village is not an ideal place, and although people respect each other, they have decided that they will not give themselves credit.

Eventually the congregation decides that ladies can exchange things and everyone remembers that now Ania has a bracelet and Basia's watch. This is how the bitcoin network works.

Bitcoin for me is the one that people helps for their daily living. A crypto currency that is exist to help many people. Bitcoin gives everyone a great opportunity for them to gain much from their hardwork and let unemployed people to have a job like bitcoin. Bitcoin is not that easy because it is not like the other coins, creator of bitcoin is too careful for everyone's safety. Bitcoin will teach you on how to learn new things for the future and help you to become independent.