What is bitcoin - page 23. | Bitcointalksearch.org

Hagmonar

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Quote from: fragout on September 03, 2017, 06:21:34 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 think 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. And bitcoin is a digital or crypto currency.

Polar91

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Quote from: fragout on September 03, 2017, 06:21:34 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.

Well, in my part if I would be asked the same question of what is bitcoin? I will gladly state that it is now the future currency of the today's generation. The existence of bitcoin make it a way to the innovative improvement of our fiat system or simply the real money we have. It is generated and operated through the use of technological devices such as mobiles and computers wherein the access to the internet is a must because from the term itself a cryptocurrency, is a currency type which is based on the online usage. It allows easy access and fast transaction to undergo an easy process which makes life comfortable.

Fazlurkhan.kz

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Bitcoin. Well in simple words ONLINE CURRENCY. It does not has a fixed value.Currently 1 Bitcoin equals 7347.01 US Dollar but after it was launched in around 2009 it was just about $0.003.Yeah that's true. It is mainly used businessmen for exchanging large amount of money.

shahinurit

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bitcoin is now digital cryptocurrency.it is more secure other currency and faster transfer than other currency.

IsQuickSellerAGirl

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Bitcoin is a scam. In case it wasn't clear enough, let me spell it out for you.

S-C-A-M .... SCAM!

Just kidding!

Cryptosaphire18

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Quote from: btcstory on November 03, 2017, 10:04:52 PM

Bitcoin mining is extracting bitcoins by solving complex mathematical problems. It is called mining because it resembles the original process of mining metals and minerals. The mining cost increases with time, quantity of bitcoins remains reduce with time pushing the prices of bitcoins up, that is similar to what happens in precious metals like gold and silver.

Bitcoin is a money through online. Bitcoin is a money in the internet which are most of the people wasn't know this yet. Bitcoin right now has a high price. It is the money from the internet which can help you on everything. Bitcoin helps people who knows this already. Being a newbie heDre, that was what I can say about bitcoin. It can help people (eg.if they need a job through online) there they can work here if they want.

btcstory

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Bitcoin mining is extracting bitcoins by solving complex mathematical problems. It is called mining because it resembles the original process of mining metals and minerals. The mining cost increases with time, quantity of bitcoins remains reduce with time pushing the prices of bitcoins up, that is similar to what happens in precious metals like gold and silver.

Mukulislam

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Bitcoin is an online decentralised cyrpto currency which was established back in October 2008 by Satoshi Nakamoto.Bitcoin is a cryptocurrency a digital money.

DMC_Ken

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if when someone talk's to you and say's about what is bitcoin? because they do not have an any clue what is bitcoin and what is use of bitcoin, so if he/she ask you that just explain to him for what is use of bitcoin if he want more information about it just let him/her find the answer at google so he/she can have more idea.

dilshanfernando

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Bitcoin is a digital currency which was designed and created its original reference implementation by satoshi nakamoto. It is held electronically and no one controls it. we cant print bitcoins . The good story about bitcoin is it's value getting higher and higher fast . Dont think twice to buy bitcoin.

Shinza

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Bitcoin is a virtual currency. We can use it for a variety of purposes such as paying bills, trading, exchanging, and investing in it to make a profit.

ethereumwhite

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Quote from: mitha rosdiana on November 03, 2017, 08:51:00 PM

Bitcoin is digital money and Bitcoin is not controlled by anyone even any government or organization does not control bitcoin so it's really freedom and because bitcoin we can easily make money without having to get out of our homes and only with the help of internet and our computer. We can be millionaires through bitcoin.

Yes, but it will not be easy, you have to be really patient and disciplined!

mitha rosdiana

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Bitcoin is digital money and Bitcoin is not controlled by anyone even any government or organization does not control bitcoin so it's really freedom and because bitcoin we can easily make money without having to get out of our homes and only with the help of internet and our computer. We can be millionaires through bitcoin.

BlackBeauty

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Quote from: ictin on November 02, 2017, 11:31:05 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 but in my thought bitcoin is a good chance to earn money in part time because its continue with job, bitcoin is make your life more fabulous and secure yuor future for your family.

skylark001

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Bitcoin is a crypto currency which means it’s a digital asset designed to work as a medium of exchange in transactions, working on cryptography, which makes it more secure in a controlled environment for creating additional units and verifying the assets.

It’s an interesting opportunity to earn more and more. Nothing to worry about how to carry it because of it being in crypto form.

Caution, its decentralized till date and in many countries Bitcoin is not legal currency

Mazda17

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Quote from: tobatz23 on September 10, 2017, 11:22:59 PM

Bitcoin is a form of digital currency created and held electronically. No single entity controls it and aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world using software that solves cryptographic problems. Bitcoin is the first example of a growing economic industry known as cryptocurrency. It can be thought of as cash for the Internet.

A good opinion and I agree with your opinion.
To my knowledge of bitcoin is the first example of a growing industrial economy known as cryptocurrency even now bitcin is growing rapidly.

Erezaza

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Bitcoin is a online currency that will make you rich in no time because the value will keep increasing and bitcoin will keep expanding till the bitcoin will be used worldwide and everyone will buy and sell things with bitcoin.

cybersofts

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Quote from: Janation on September 03, 2017, 06:47:21 AM

Quote from: pereira4 on September 03, 2017, 06:37:07 AM

Quote from: fragout on September 03, 2017, 06:21:34 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 also tell them to google it if they want more information. Honestly it's fucking annoying when people that are clueless start making all these questions. It's going to be easy for them to just start doing some research. I tell them that it's a decentralized currency but it's better used as a store of value rather than a currency because it's honestly pretty stupid to spend your BTC on groceries when you know it's going to go up, similarly to how it's stupid to buy groceries with gold.

I think this is a thing I usually encounter when someone wants to know what is bitcoin. Some of them, they just ask out of curiosity but there are still people who would ask me because they want to invest or put their money and time on it. But I think if they are really desperate to know what is bitcoin, they will be willing to find an answer without asking me all of it. I am the same at my first time here but I did not ask my friends so much about it but I've watch a lot of videos, read a lot of article to know more about it. You must not bear their problem but you just need to guide them.

Oh, come on... why not just make simple explanation for them by starting with what the original bitcoin white paper said, huh?
Let's makes this short: Bitcoin is a peer-to-peer electronic currency that is fast, secure, decentralized and acceptable worldwide.
People always want to hear something new and interesting, and when you explain bitcoin in this simple form by putting things together people will understand it very quick.

zais

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Quote from: fragout on September 03, 2017, 06:21:34 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 virtual currency that can be used to transact online. If asked how this form of currency, which is clearly not like the form of physical currency issued by a bank and not the currency of a country. The shape of this unique currency is just a file like common files.

ridho002

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I think bitcoin is something website which gives the work for the people who want to add the income of the work anyway, in a way to follow the campaign that is in provide a forum bitcoin.

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