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Topic: What is bitcoin - page 2. (Read 7914 times)

full member
Activity: 264
Merit: 100
April 04, 2018, 01:45:20 PM
bitcoin is a cyptocurrency and world wide payment system.  Bitcoin is our future money.
Bitcoin is decentralized and can be used as the mode of payment in some businesses or stores
member
Activity: 294
Merit: 26
April 04, 2018, 01:07:45 PM
For me, bitcoin is where you can hold your money for a long time until the perfect time comes. Bitcoin is the best revolution technology and it is good opportunity to become rich and wealthy. And it is a new technolgy that we have not seen before.
copper member
Activity: 280
Merit: 0
April 04, 2018, 12:59:54 PM
Bitcoin is a digital currency that is a kind of way. So that we can pay in some way even on digital. Digital currency has become an important part of our life today. We can invest in Bitcoin and also double our investment by working in it, we also get financial help, but we can not explain Bitcoin in a few words.
newbie
Activity: 112
Merit: 0
April 04, 2018, 12:39:13 AM
Bitcoin is a new technology that is unlike anything we have seen before, so a better way to think of it is as a combination of a few different things we are already used to e. g exchange of money
newbie
Activity: 45
Merit: 0
April 04, 2018, 12:26:24 AM
Bitcoin is a digital currency.
Bitcoin is a cryptocurrency.
Bitcoin is a mother currency of crypto market which make transparent transaction for everyone.
member
Activity: 336
Merit: 20
April 03, 2018, 11:50:58 PM
Bitcoin is a decentralised cryptocurrency or digital currency.
full member
Activity: 308
Merit: 100
April 03, 2018, 10:00:24 PM
Well for me, in my own opinion bitcoin as many of us know bitcoin has the highest value in the crypto market today in which attracts many investors and users alike making the bitcoin community grow day by day. For me bitcoin is my ticket to freedom. Yes, I can be able to achieve my complete freedom and no one will ever tell me again of what to do and I will be my own boss and I can be able to work any time and any where I would like to work.
sr. member
Activity: 604
Merit: 250
April 03, 2018, 10:09:33 AM
Bitcoin is digital money used for secure and instant transfer of value anywhere in the world. It is not controlled or issued by any bank or government instead it is an open network which is managed by its users. Much in the way email improved communication by making it fast and cheap, bitcoin is an improvement on existing payment methods which were not designed for the internet era.
full member
Activity: 399
Merit: 105
April 03, 2018, 09:42:27 AM
Bitcoin and Block Chain is a best revolution technology for last years and very good opportunity to become a rich and earn a lot of money here from ico from bounty and etc others job.
jr. member
Activity: 182
Merit: 2
April 03, 2018, 09:33:21 AM
For me bitcoin is a online currency that can be used in some of the transaction that can be done in our present time but its not been proven to use bitcoin as payment in malls or a convenient store. Bitcoin is the first and digital currency in the world, bitcoin is the best currency in the world for now when it comes to online transaction. The price of Bitcoin is determined by means of supply and demand in the market. It helps to many people that is depending their knowledge to computer. This is earned using computers and knowledge about bitcoin.
newbie
Activity: 162
Merit: 0
April 03, 2018, 09:22:39 AM
Bitcoin is the digital currency in the world. when anyone say about bitcoin I replied that it's a virtual money and bitcoin is the first digital currency in the world. I also said that it's containt so many job for us.
newbie
Activity: 196
Merit: 0
April 03, 2018, 09:05:22 AM
I think, bitcoin the digital currency. We can earn money to bitcoin, bitcoin is very helpful for our life because it's all time gives our best currency. Bitcoin is the first and digital currency in the world, bitcoin is the best currency in the world, and I Think Bitcoin is the best job.
full member
Activity: 378
Merit: 100
April 03, 2018, 08:51:13 AM
Bitcoin is electronic or digital currency in the cryptocurrency which provide a big convenience in the entire humanity. Providing a currency which can be used in alternative investment is one of its primary uses.
sr. member
Activity: 1162
Merit: 260
March 29, 2018, 01:31:10 PM
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.

The question was asked a long ago. Now I think your friend have enough knowledge about the bitcoin. From the last year bitcoin has been a hot topic for the main-stream media. So bitcoin is not a alien object anymore.

Bitcoin is a digital currency created by in 2009 Satoshi Nakamoto in 2009. It serve as a medium of exchange without relying on any 3rd party (financial institutions or governments).
New Bitcoins are created by users running a program that solves a difficult mathematical problems to confirm transactions between other users. The price of Bitcoin is determined by means of supply and demand in the market.

One of the problem is many people look at bitcoin as a investment only. Of-course it is a great investment but looking for the profit is the only reason of so much FUD, rumours about the bitcoin. when people ask about the 'trust in bitcoin', 'bitcoin will survive or not' type questions they are only asking about the price.
newbie
Activity: 154
Merit: 0
March 29, 2018, 01:17:43 PM
Bitcoin is a digital currency created by in 2009 Satoshi Nakamoto in 2009. It serve as a medium of exchange without relying on any 3rd party (financial institutions or governments).
New Bitcoins are created by users running a program that solves a difficult mathematical problems to confirm transactions between other users. The price of Bitcoin is determined by means of supply and demand in the market.

Bitcoin is very known cryptocurrency and it helps a lot of people financialy  and makes a lot of people a comfortable life.
full member
Activity: 280
Merit: 108
March 29, 2018, 01:02:34 PM
Bitcoin is a digital currency created by in 2009 Satoshi Nakamoto in 2009. It serve as a medium of exchange without relying on any 3rd party (financial institutions or governments).
New Bitcoins are created by users running a program that solves a difficult mathematical problems to confirm transactions between other users. The price of Bitcoin is determined by means of supply and demand in the market.
newbie
Activity: 65
Merit: 0
March 29, 2018, 12:54:56 PM
bitcoin is a online cryptocorrency that is more popular now in cryptocurrency world. we cannot touch it physically but it has a great value at online cryptocurrency world.
jr. member
Activity: 179
Merit: 1
March 29, 2018, 12:52:24 PM
Bitcoin is used to pay lots of business. It is also used to send money to each other. Bitcoin is a very good way to deal with others, bitcoin is a very good thing


Bitcoin is very popular crypto currency and one of most demand digital currency worldwide and helps a lot of people
jr. member
Activity: 210
Merit: 1
March 29, 2018, 12:49:44 PM
Bitcoin is a cryptocurrency, cryptocurrency is virtual currency and virtual currency is digital currency. They are tables there which could explain about them, this is basic and you should know.
newbie
Activity: 77
Merit: 0
March 29, 2018, 12:42:15 PM
Bitcoin is used to pay lots of business. It is also used to send money to each other. Bitcoin is a very good way to deal with others, bitcoin is a very good thing
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