What is bitcoin - page 21. | Bitcointalksearch.org

Boov

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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.

I just tell him/her/them that Bitcoin is a cryptocurrency which means a currency in the internet. Bitcoin is not a scam and it is not under government but it is decentralized, which means no one which control and governs on it. Bitcoin is kind of cryptocurrency that is volatile, no one cam predict the future of Bitcoin and we, people can access and earn bitcoins by the use of internet. We can invest, trade, gamble and cash out through Bitcoin.

Renai0925

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I just tell them that Bitcoin is decentralized digital cryptocurrency and is used to transfer large sum of money over the internet and other purposes like investment. Or simply just tell them to Google it and leave it like that.

Seriously, when some people have a smartphone in their hand and they have a Google search engine displayed on it, they'd still prefer to ask people questions.

theblack_cat

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Quote from: Colt81 on December 10, 2017, 06:26:15 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.

Actually, bitcoin is a digital currency and money where we can used in some transactions on online world. In addition, bitcoin is also good investment where you could earn high profit. Lastly, I think bitcoin will be our future money and currency where we can used in all kind transactions even in online and offline world.

but it seems to be used in offline transactions is still very rare gan especially in my country Indonesia, Indonesia prohibits the existence of bitcoin used in offline transactions
but I am still optimistic that future bitcoins will be accepted by many countries around the world because of the unique bitcoin system

ngavanngo22

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OPEN GAMING PLATFORM

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.

According to Wikipedia: "Bitcoin (code: BTC, XBT, BitcoinSign.svg) is a decentralized digital currency, invented by Satoshi Nakamoto in the form of open source software from 2009. Bitcoin can be exchanged directly. with an Internet connection device without the need of a financial intermediary. " If other currencies are traded in the form of physical exchange, the BTC does not depend on any bank or government. On the other hand dealing with BTC is very safe and secure, when trading just a Bitcoin address as the exchange is able to trade with each other. Cool

Colt81

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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.

Actually, bitcoin is a digital currency and money where we can used in some transactions on online world. In addition, bitcoin is also good investment where you could earn high profit. Lastly, I think bitcoin will be our future money and currency where we can used in all kind transactions even in online and offline world.

Vikingr

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Quote from: ictin on November 02, 2017, 10:31:05 PM

I think I will answer that Bitcoin is a kind of money which investor can invest in it and earn the profit. Besides, It can be used for transaction payment without the third party.

Yes and in addition to it the bitcoin is the best ever investment because a lot of the people are earning from the bitcoin and in the future they will get the huge profit and this will make all the people get in the bitcoin and the value and the price of the bitcoin has increased a lot so it has he a lot of the opportunities for the people to buy the bitcoin so for me the bitcoin is the best change and the turning point of my life.

dotts

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Bitcoin is a decentralized digital currency. It is traded from one personal wallet to another which can be stored online. Many people used to invest it to make money and gain high profit.

jsscswan

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How to answer questions from a friend or relative who is completely unaware of bitcoin is to explain in detail what bitcoin is. If they do not understand, then I will also do the same as you, advise them to look it up on google.

caribousoap

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Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.

congtuan001122asd

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There are many concepts about bitcoin. In my opinion, bitcoin is a digital money, it has many benefits to people. Bitcoin is also an excellent, fast and free internet payment gateway. Not only that, bitcoin helps the user independ on finance, from bitcoin, they can make a lot of money.

nemesis_

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Bitcoin is a worldwide cryptocurrency (a subset of electronic money) and payment system where the transactions take place between users directly without the need of an intermediary. It allows online users to process transactions through digital units of exchange called bitcoins.

Glydel1999

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Bitcoin is a kind of work that can be earned even at home. For the unemployed suits to. To the hangers. They can change their lives because of bitcoin.

DoublerHunter

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Quote from: DewiKirana on November 30, 2017, 09:31:29 AM

If a friend asks me about bitcoin, then I'll explain what bitcoin is to them as much as I can. That bitcoin is a decentralized digital currency, a digital currency with an ideology and an anonymous system. If they want a more detailed explanation, then I will give them bitcoin articles.

If i were you, i will explain bitcoin more on being a great opportunity to put our money and to make a lot of money because if you will put a lot of money in bitcoin then you can earn a lot of it which have a high interest that makes sense for the people who want to have a fast profiting system than other type of investment vehicle.

rexter

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Yeah right guys me too i countered also that kind of situation,someone is annoying asking some question about Bitcoin my explanation is like this i compare BTC to gold and ETH to silver i explain a little bit to him how can i earn bitcoin through ethereum is like i must earn ETH 1 = 0.04327984 BTC just like that.Pls correct me if i am wrong.

DewiKirana

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If a friend asks me about bitcoin, then I'll explain what bitcoin is to them as much as I can. That bitcoin is a decentralized digital currency, a digital currency with an ideology and an anonymous system. If they want a more detailed explanation, then I will give them bitcoin articles.

radvntxge

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Bitcoin is most likely to be used by a lot of business onlines.It can be used to earn funds and it is so easy to use and can you can send it whenever and wherever you want which is more hassle free

Cpousersonu

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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 first virtual cryptocurrency.
Nowadays this become a godfather of all cryptocurrency because this is a most popular cryptocurrency and medium of purchase new cryptocurrency. Cover by almost 70 to 80% ICO.

posoa

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Bitcoin is a Cryptocurrency which is widely known and accepted as a form of legal tender for the purpose of transactions and other related businesses. It is a digital currency that has gain wide acceptance from its onset by merchants, organisations, industrialist, and other Related Technocrats not mentioned. The general acceptability Internationally have really indicated the rise in the Bitcoin as a cryptocurrency for it uniqueness all over the Globe.Google can throw more light into what bitcoin is and also allow many to know this cryptocurrency by name BITCOIN.

djmixen

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Bitcoin is a kind of currency that can use through digital and someday being a center of transaction to pay bills in different ways. It is a source of income for those who are always in front of computer and want a job even inside the house.

dg2010

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Bitcoin is a kind of digital money, which you can use for payment or you can invest in it to get profit.

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