What is bitcoin - page 14. | Bitcointalksearch.org

Klestar

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Quote from: fragout on September 03, 2017, 05:21:34 AM

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is a digital currency that have a real value in real money called fiat money so if you have more bitcoin it means that you have more money because 1bitcoin now is equavalient to $20000 ans it increased more sooon.

pluMmet

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Quote from: Becase on December 23, 2017, 03:25:45 AM

Bitcoin is a digital currency in the form of cryptography, Bitcoin is not controlled by anyone or even the government or any of the organizations, so bitcoin is really freedom and because bitcoin we can easily make money without having to get out of our homes and only with kouta internet and computer capital .

Yes true bitcoin is digital currency, which can be can by anyone and any of his job, and to not have a job they can also get bitcoin and just need the connection to the internet and they can get bitcoin for bitcoin it freedom and means everyone is free to get and have bitcoin

Jay taylor

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Bitcoin is a form of virtual currency, created in 2009 by an unknown person using the alias Satoshi Nakamoto.
With Bitcoin you can buy goods or services using this currency as you would with dollars or euros, as long as the seller accepts bitcoins.
Bitcoins are used for electronic purchases and transfers. Every single purchase is immediately logged digitally on a transaction log that tracks the time of purchase and who owns how many bitcoins. This way every transaction is 100% transparent giving more safety to the whole process.
But will people know how much I am spending and on what? No, sir. Each transaction is recorded in the public log, and the names of buyers and sellers are never revealed – only their wallet IDs, keeping the transactions private.

emanbea07

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What is bitcoin? For me bitcoin is a digital coin or digital money and all transaction or pay bill using bitcoin are very fast and acurate and using bitcoin is no corruption and can help bitcoin for the emergency and to cash out instant money to pay a bill and other transaction.

vinzanityyy

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Australian entrepreneur says he invented bitcoin. Australian entrepreneur Craig Wright says he's the inventor of the digital currency bitcoin. Wright told the BBC that he is Satoshi Nakamoto, the shadowy creator of the cryptocurrency, in a move that could end the years-long search for the inventor. New bitcoins are generated by a competitive and decentralised process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialised hardware and are collecting new bitcoins in exchange. Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralised digital currency, as the system works without a central bank or single administrator.

prieaji

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bitcoin is digital money that can be used for payment transactions such as electricity bills, and can be used for game changer in the future.
bitcoin is no one that controls so bitcoin amna and can be used by anyone who wants to get the money without having to leave the house and can be done where the most important adalan get internet connection.

violette27

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Bitcoin is a cryptocurrency and a payment system used worldwide. It was founded by a japanese guy named Satoshi Nakamoto. Bitcoin cannot be used without the use of internet.

mrayazgul

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Its really hard to explain bitcoins definition. First i tell them bitcoin is decentralized currency about the rest I'll suggest them to google it in order get more information about bitcoins. It took my whole day if i start explain bitcoin especially in front of stupid and clueless peoples. YouTube is the best site to learn more about bitcoins. I my self use YouTube videos to learn crypto currency, when i start bitcoin journey.

Melvin Narag

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BITCOIN means to me is to help individuals to thier successful of thier journey in life

Becase

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Bitcoin is a digital currency in the form of cryptography, Bitcoin is not controlled by anyone or even the government or any of the organizations, so bitcoin is really freedom and because bitcoin we can easily make money without having to get out of our homes and only with kouta internet and computer capital .

haxker007

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BTC is a web cash and most prevalent money today its a worldwide money. BTC is anything but difficult to procure cash that we require just an aptitudes and information. Its simple to utilize on the grounds that you can utilize it anyplace on the planet and use as installments on online exchanges its a safe and safe route for you to send cash anyplace on the planet no charges and the exchange is quick.

kokobaba880

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Bitcoin is the digital currency and the first and popular currency of the crypto world. as it has spend much time to grow and now the users are very happy with this bitcoin is the good profit providing and we are the users who can invest in this currency. bitcoin is precious and important for us if we are the educated people it will make us successful in the future.

jeanpadel14

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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.

davinchi

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Quote from: Vik87 on December 17, 2017, 11:46:01 AM

Bitcoin is a cryptocurrency which is not tied to any country and is neither bound to any regulations. Hence decentralised.
Transactions can be made through bitcoins and the best thing is that they are totally anonymous.

Yes it is anonymous and decentralized currency. But if someone ask you about what is bitcoin? You should explain it with more appropriate and easy wording. You should explain like this. Do you know currency. If he say yes then you will give him knowledge about crypto currency. And then comes to bitcoin and explain it with features as you mentioned.

But more elaborated. It is decentralized , anonymous ,low transaction fees , high profit , easy trading and other aspects about bitcoin. You will also tell him to search on Google he will more understand.

Wintersoldier

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Quote from: xfaqs01 on September 10, 2017, 07:09:45 PM

Quote from: fragout on September 03, 2017, 05:21:34 AM

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Everytime a friend or someone ask me about this quesrion i always slightly answer them the basic and would refer them always to a site with more information such as coindesk.com/information

Im really avoiding talking to my friends about bitcoin. And if i talk to them i would say that they must go refer to the internet because me myself has still many questions about it. But the nextime someone would ask me what is bitcoin maybe i would say that bitcoin is a digital cryptocurrency that makes you earn with just effort and making time for it.

luka red

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bitcoin is a cryptocurrency and online payment system.it is the system that works without central bank,that means it is decentralized and it is first of its kind.

a person or group called satoshi nakamoto invented bitcoin in 2008.The unit of account of the bitcoin system is
bitcoin .
for further information google it.

jonosutio

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biatcoin is a digital money that can be used for transcription and can be used for others. bitcoin does not control bitcoin so it's really a bunch and because bitcoin we can easily make money without having to get out of our homes and only with the help of internet and computers that we have even we can become a millionaire at a young age.

Fazlurkhan.kz

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Bitcoin is a cryptocurrency that people use as a normal currency who don't have a lot of time or are into trading. It is very useful as it saves a lot of time. But there are also some disadvantages of it, such as, anonymous transactions. As it is a decentralized currency, there is no authority owning it that'll keep tracks of the transactions made. So that can be a threat as it can be used for illegal activities. So apart from it it is really a good use of technology!

blue_dragon

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Quote from: fragout on September 03, 2017, 05:21:34 AM

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is a virtual money or a cryptocurrency which is used to buy an online products and can be used to invest in an online investment. The Price of bitcoin is unpredictable and can be divide into 8 decimal places.

EiKaGlaShPriSAThWEl

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Quote from: fragout on September 03, 2017, 05:21:34 AM

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is a digital currency. It only exists in computer. It is now very high so that the demand for it is very also high. Its price is not fix and will never be fix.

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