Topic: What is bitcoin - page 18. (Read 7911 times)
Bitcoin is a virtual currency that can be used for a variety of purposes based not in the make unfriendly off from the operation of the internet. Bitcoin can be used to pay and most of all to invest and be profitable.
Bitcoin is a digital currency commonly used for trading with other digital currency. This is commonly found in internet and has no form.
Bitcoin is a consensus network that allows the introduction of a new payment system and a completely new kind of digital money. This is the first decentralized payment network that is supported by its users and has no central authority or intermediaries.
I think that ıt’s the first example of a growing category of money known as cryptocurrency.
I don't know if i'd call it money just yet, the IMF did not approve of the coin to be a currency so...It'll be a while till that situation happens.
Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency It is commonly referred to with terms like digital currency,:digital cash,virtual currency, electronic currency, cryptocurrency.
If the question is asked by a person who hasn't heard about or who hasn't a clue about bitcoin I would say it's the digital currency of next genaration.
I think that ıt’s the first example of a growing category of money known as cryptocurrency.
Introduced as a peer-to-peer electronic cash system, Bitcoin experienced explosive, exponential growth during its initial years. Users were drawn by properties of Bitcoin that allowed for cheap money transfers, instant confirmations, worldwide compatibility, round-the-clock operation, and no limitations on minimum or maximum transaction amounts. This electronic form of money quickly became popular with diverse groups of users all around the world.
Bitcoin is a digital currency commonly used for trading with other digital currency. This is commonly found in internet and has no form.
Bitcoin is a consensus network that allows the introduction of a new payment system and a completely new kind of digital money. This is the first decentralized payment network that is supported by its users and has no central authority or intermediaries.
Bitcoin is a digital currency that has high projected value increase. Bitcoin is one way you cn be a millionaire (im sure my friends interest will be piqued when they heard abput being millionaire). Bitcoin is a digital currency that is not controlled by the government. Bitcoin hs alot of potentials.
Bitcoin is compose of numbers . It is a digital currency. It maybe sell. It can use to buy a load, to shop online and to pay bills. In other countries they use it to buy their groceries.
Bitcoin is the first decentralized digital currency created in 2009. The said currency does not need a bank and no government cannot control or hold its production. Bitcoin can be use for to book hotels, buy stuffs, and it can also be used for international payments and it is not tied to any country, easy and cheap! Some buy Bitcoin to invest. They keep it in a digital wallet which is a virtual bank account where the owner can send, receive, pay or just save their money for other purposes.
In addition, Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.it is the first ocurrency created in 2009 by Satoshi Nakamoto.
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.
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.
Try to compare them with banks. Tell them that bitcoin is a decentralized currency and no one owns it. It is a digital currency way too different to fiat which is physical in nature. Tell them why people love it for example, people love bitcoin and it is becoming popular because of its volatility that makes it vefy fit in trading and holding.
Bitcoin is a decentralized crypto currency on blockchain technology. The person who created this is named as Satoshi Nakamoto, a computer genius ( No one knows who he is)
This is biggest mystery regarding bitcoin that no one knows about the creator of this amazing digital currency. Bitcoin is the one which has totally changed the whole world. People are inviting a lot of money in this currency of their secure future. I am sure that this currency will remain decentralized forever and no one is going to control it because of the way it is created. Bitcoin is going to rule the whole world soon.
It is an uprising cryptocurrency today. Some use it as investment and some use it for their businesses. Its growth fluctuates nowadays but it has increasing popularity in terms of millennials.
Yes. Bitcoin is a cryptocurrency and it is the most popular digital currency in the world and it is convertible to any local money around the world using specific wallet. Its transaction is always anonymous that no other party involve, the system of bitcoin is significantly in a form of block chain system, we can get bitcoin in many ways like participating in bounty campaign or buying it for investment. 
Bitcoin is a digital currency commonly used for trading with other digital currency. This is commonly found in internet and has no form.
Bitcoin is decentralized and bitcoin can be used as the mode of payment in some business and also bitcoin can be used to send some funds wherever you are whenever you want,. bitcoin is increasing the value digital currency.
It is an uprising cryptocurrency today. Some use it as investment and some use it for their businesses. Its growth fluctuates nowadays but it has increasing popularity in terms of millennials.
Can call bitcoin a currency. However, in some countries, bitcoin has not been accepted. Even bitcoin is banned in some places. It was too popular. and the value of bitcoin is increasing. In the future it will be a currency accepted around the world
Bitcoin is a digital currency which aims to revolutionalize the world through improving our financial system, bitcoin aims to ease our money transactions and provide minimal to no transaction fees when sending or receiving money anywhere in the world.
Bitcoin is also an asset where people can invest either short or long term to grow their money.
Bitcoin is a crypto currency Bitcoin is also an assest where people can invest for short or long-term investment because it is very fast growth . Bitcoin is also an asset where people can invest either short or long term to grow their money.
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