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Topic: What is bitcoin - page 20. (Read 7914 times)

member
Activity: 183
Merit: 10
December 11, 2017, 03:24:18 AM
Bitcoin is a famous digital currency in our universe and it has a big value that is getting higher everyday. No doubt, Bitcoin can sustain our daily needs and help us in our financial problem. You should invest and earn more money here. It's nice to save money for your future.
full member
Activity: 168
Merit: 100
December 11, 2017, 03:22:55 AM
Bitcoin is a crypto currency on the blockchain technology which is decentralized and is used as a mode of making transactions where legalized in some countries.
full member
Activity: 183
Merit: 101
December 11, 2017, 03:19:15 AM
For simple answer, I say that Bitcoin is like a money in the bank but checking from internet banking where the money is reflected in just a numbers which you can buy things online, transfer to others and take it out in cash. But the main thing is that money value is given by government bu the Bitcoin's value is given by the people itself.
newbie
Activity: 44
Merit: 0
December 11, 2017, 02:32:34 AM
Ok so I was gonna transfer $200 in bitcoin to kraken from coinbase and it was gonna charge me $15.

Seems really high. I guess that is just how it works? No way around that?
member
Activity: 294
Merit: 10
December 11, 2017, 02:28:02 AM
Bitcoin is the king of currency.Bitcoin can make people  get rich quick.It's  value is very high. It gives profit. It is easier to earn money.Many people depend their lives on it.
member
Activity: 224
Merit: 10
December 11, 2017, 01:25:17 AM
I might reply that bitcoin is a means of saving money virtually, and the price of money we save for erratic prices can go up and down
member
Activity: 127
Merit: 10
December 11, 2017, 12:51:03 AM
In my opinion, bitcoin is money. most poeple invest something because of thfef money. People see invest bitcoin can earn money easily and more than any investment. If bitcoin is not rising up like that and has the future, i think people would invest stock rather than bitcoin because it is much more safty.
member
Activity: 364
Merit: 10
December 11, 2017, 12:05:49 AM
Bitcoin is a virtual money, It is also called cryptocurrency, and is also known as Digital Money. Will use it internet and cellphone is a digital money that can be used to transact anything.
sr. member
Activity: 462
Merit: 250
December 10, 2017, 10:49:24 PM
bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transferring funds. bitcoin is one of the huge crypto currency price at this moment, so its profitable to use and achieve.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
December 10, 2017, 10:26:56 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.
actually this is a real tough question and need a fruitful answer so they
will become interested in crypto positivele,not like those negativity from local
news media.

For me I'd rather tell them the right meaning or whats really bitcoin is all about..
that this is a new way of profiteering extension of living,but if they only know how
to be part of this community and how to deal with it.that in here they will live wealthier
 if they managed rightfully.

They only need to learn the right formula on trading so they can make money day by day.
full member
Activity: 840
Merit: 188
December 10, 2017, 10:26:38 PM
bitcoin is the most well known money in the world, and this is an influential crypto currency, but I prefer to Google it for more info Wink
What do you mean with bitcoin is the most well known money? Cheesy . Sorry friend but I dissagree with you, there are many people who even don't know about what bitcoin is. Bitcoin is new currency which created using cryptographical saints. Its liquidity is still low because it just a new currency. Many people also pretend bitcoin as digital gold.
sr. member
Activity: 547
Merit: 253
December 10, 2017, 10:22:00 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.

As a supporter and having business with Bitcoins, I will always that Bitcoin is very good business for a person like me. Bitcoin is a cryptocurrency that is decentralized and it is not owned and manipulated by any governments. This is not a scam cryptocurrency. This currency is found in the internet and you can use it in many shops, stores and even buying some items in the internet. You can easily invest and trade by using bitcoin. And Bitcoin is volatile, no one can predict when bitcoin will increase its price or not.
member
Activity: 122
Merit: 12
December 10, 2017, 10:17:21 PM
bitcoin is the most well known money in the world, and this is an influential crypto currency, but I prefer to Google it for more info Wink
full member
Activity: 258
Merit: 101
December 10, 2017, 10:08:20 PM
bitcoin is the most influential crypto currency in the world. its value goes beyond the dollar. bitcoin is also a lot in the search for people and is considered to change a person's life to be rich.
full member
Activity: 1302
Merit: 100
December 10, 2017, 09:51:35 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,
Bitcoin is very popular and virtual online currency which is easily transfer other coins through exchange 💱. Nowadays Bitcoin popularity is spreading out wide range in the world.
full member
Activity: 482
Merit: 117
December 10, 2017, 09:37:30 PM
what is the question are you asking it's slightly difficult to explain because it's online currency. so better suggest him to google it or explain like example : it's online currency no one is there to control it. bitcoin is only for online transaction and investments to earn profit. now a days bitcoin is very popular.
i think it's enough.
full member
Activity: 252
Merit: 100
December 10, 2017, 09:34:34 PM
You can say bitcoin is a online currency that can be used for paying bills, you can use for online gambling and also as an investment. bitcoin can also help you financially but you need to earn first for you to have a bitcoin. if you want to know more about bitcoin you can search what bitcoin is, it is now popular nowadays.
newbie
Activity: 55
Merit: 0
December 10, 2017, 09:20:03 PM
Bitcoin is a  a digital currency or a cryptocurrency. Bitcoin is a decentralized and 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,
member
Activity: 224
Merit: 10
December 10, 2017, 08:56:01 PM
Bitcoin is a new currency on internet.It was created on the year 2009.Now it is very popular because the value of it grows higher.It will also help you in financial aspects if you really know what bitcoin can do.
member
Activity: 909
Merit: 17
www.cd3d.app
December 10, 2017, 08:32:10 PM
      Honestly i encounterd a people ask me what really a bitcoin is? Then I answer a bitcoin is a decentralized digital currency,then they asked again what is decentralized? Then I need to explain one by one. And I tell them do some reseach to google or un youtube for more understanding about bitcoin.
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