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Topic: What is bitcoin - page 19. (Read 7914 times)

member
Activity: 73
Merit: 10
December 12, 2017, 10:46:28 PM
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.
sr. member
Activity: 784
Merit: 262
AZBI NETWORK - Multichain system
December 12, 2017, 10:36:05 PM
Bitcoin is a digital 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.Bitcoin trading and trading is very fast and free.
this is what causes bitcoin is in great demand.
because no one can mengatusr bitcoin.
with very fast growth and as a transaction tool that is fairly safe and anonymous for our use.
very happy with the appearance of bitcoin
sr. member
Activity: 868
Merit: 257
December 12, 2017, 10:20:29 PM
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 itself,
We all know that bitcoin is decentralized where no one can control it or manipulate it. Some bitcoin users prefer to used as currency where they exchange it in some valuable things. You can used it as mode of payment. Lastly, I think bitcoin is our future money and currency where we can used in all kind of transactions.
full member
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
December 12, 2017, 10:13:20 PM
Yes, it is sometimes annoyed me too. There is some people who have no idea about bitcoin. They find it in newspaper or tv news just a little word that "Bitcoin". Just like my nighbor uncle. He asked me what is bitcoin. Is it a coin, which country's coin is it?, is it available in Bangladesh?  I was so shocked that uncle didn't know about bitcoin but he is a ex- bank manager. I replied to search in google. He said to tell him about btc in short. I told him that it's a decentralized currency, it is not available in any country. it's price is now 1000+৳(taka). He was shocked to know the price. Then I said you should google about it.
full member
Activity: 294
Merit: 105
December 11, 2017, 09:53:58 AM
In my opinion, bitcoin can be a source of income. But in the practical explanation bitcoin is a cryptocurrency and first decentralized digital currency. Also, you can earn a lot of money through it. Bitcoin’s amount is increasing, and it can be a great way to gain extra income. Another fact is you can earn bitcoin in many different ways.
member
Activity: 98
Merit: 10
December 11, 2017, 09:39:49 AM
Bitcoin is future money , bitcoin will replace gold  bitcoin will replace paper money.

bitcoin is investment  and bitcoin is fast money
full member
Activity: 392
Merit: 100
December 11, 2017, 07:35:11 AM
Bitcoin is one of the cryptocurren. Bitcoin is convenient, it has many benefits and it helps people make a lot of money. Bitcoin trading and trading is very fast and free.
bitcoin is not only used to make people have a lot of money, but bitcoin can be used for various examples to build a business can also, because bitcoin has a lot of usefulness so we are given the ease with the bitcoin.
we should be grateful to have known bitcoin.
sr. member
Activity: 938
Merit: 256
December 11, 2017, 07:14:05 AM
so I think Bitcoin is a digital currency and for me Bitcoin is amazing,and Bitcoin's value will keeps increased over time.
Bitcoin is also very good for you investors,by investing in Bitcoin you will get many advantages because of its increasing value and this is very good if you hold it in the long that run.
full member
Activity: 224
Merit: 100
December 11, 2017, 06:55:15 AM
Bitcoin is the answer to your financial problem,so if you want to have an answer to your financial problem then start to search on how to earn bitcoin and if you have alot of money you can also buy bitcoin and wait for a couple of months and sell it so that you can be able to earn big.Bitcoin is a cryptocurrency and worldwide payment system and also bitcoin is the first decentralized digital currency,as the system works without a central bank or single administrator.With Bitcoin you can be able to earn big compare to just saving your money in bank thats has only have a few interest and Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto.
member
Activity: 420
Merit: 11
REPUBLIA PRE-SALE : Aug 23rd
December 11, 2017, 06:43:01 AM
Hello author! Then I just need to know why person ask me? If to make some money then I give link on this forum. If person want to get some education the I will try to find some University who can provide the education. If person want spend my time then I will advice to use Google.com or find books or courses! But here on forum almost every people can find all information in understandably and easy form! In any language! On-line 24\24 no limit! Perfect place use this site! YouTube! Courses! Internet! Wink
newbie
Activity: 9
Merit: 0
December 11, 2017, 06:34:55 AM
You could just say that bitcoin is a currency whose all data is stored and encrypted virtually, there is nothing physical in the play here. You could also tell him just a little bit about mining and blockchain and the decentralized peer to peer structure of bitcoin, and they if he wanted to know more, you could just tell him to look it up or come here to BitcoinTalk and see and understand the real deal for himself.
newbie
Activity: 154
Merit: 0
December 11, 2017, 06:19:50 AM
Bitcoin brought a lot of changes in society, because once it was done using the Internet. And about bitkoin just need to read a lot and ask questions to specialists, since to you everyone will answer from his point of view
full member
Activity: 122
Merit: 100
December 11, 2017, 06:17:43 AM
Bitcoin is one of the cryptocurren. Bitcoin is convenient, it has many benefits and it helps people make a lot of money. Bitcoin trading and trading is very fast and free.
member
Activity: 140
Merit: 10
December 11, 2017, 06:02:32 AM
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 itself,

Bitcoin do not increase it's own vale by itself, because if it can do it, bitcoin will be having a great price even in it's first release. The value depends on the users of the digital currency, the more the user, the higher the value. The same with the price, the higher the demand, the higher the price.
Exactly bitcoin price or value was like a supply and demand. It also depend on the user. As we notice bitcoin price right now was freaking high and aside from that the user of it also increase. When someone asked me what bitcoin is I always say that it is a digital money which can help you to make your life a better one.
jr. member
Activity: 41
Merit: 10
December 11, 2017, 05:58:24 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.

I think the simpliest way for them to understand what bitcoin is just show to them your fiat and bitcoin wallet. Show them what will happen if you convert your fiat money to bitcoin. Then after the value of bitcoin you were converted increases then show it again to them and convert it from bitcoin to fiat currency. Then they will now understand that it can be use as a source of extra income. And they will be the one who will be more interested to study about bitcoin.
member
Activity: 308
Merit: 10
December 11, 2017, 05:48:39 AM
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)
member
Activity: 144
Merit: 10
December 11, 2017, 05:32:56 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.

Well I wouldn't answer to deep and technical if that is the case because it will just hinder him the very idea of bitcoin as a good mode of payment in various online transactions. Just tell your friend that is is a form of currency online that has a reliable security and a continuously growing price that makes it a good investment opportunity.
member
Activity: 98
Merit: 10
December 11, 2017, 05:21:12 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.
I would say bitcoin is decentralized and we can use bitcoin for paying bills (if there are stores that are accepting bitcoin). We can you bitcoin for transfering money to our love ones if they are in other country it is easier because yoy dont have to go to the money remittances like western union or etc. Bitcoin is like investment also because if you deposit your money there is a chance that you can earn profit because of the people who getting interested from it means if they invest also the price might get increase because the higher of the demand of bitcoin the higher the price.
full member
Activity: 448
Merit: 100
Lets Go Adab
December 11, 2017, 05:06:28 AM
Bitcoin is a digital currency, Bitcoins is good for long term invest because the value is keep on increasing as the time goe's on and with that reason everyone is striving to earn more coins like i do. Just keep on striving to earn bitcoins and have a bright future.
full member
Activity: 560
Merit: 100
December 11, 2017, 03:25:54 AM
Bitcoin is a kind of crypto that will provide our payings and any kinf of transaction we want with kind of money that we called bitcoin it is a internet money I guess.
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