What is bitcoin - page 26. | Bitcointalksearch.org

adjudicator

full member

Activity: 281

Merit: 100

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 kinda money in which it is not tangible, cryptocurrency. It is usually use in Online Stores and Investments. It can be divided into eight decimal points.

Minionnn

full member

Activity: 204

Merit: 100

Bitcoin is a virtual currency that has many benefits. You can pay bills with bitcoin quickly and at no cost, you can invest in bitcoin to make a profit.

ObscurePen

sr. member

Activity: 386

Merit: 266

Bitcoin is a mix of a currency and an asset. It is a bit like gold, but with the addition of the feature of being a currency to it. Remember the gold rushes and earlier times in history when gold was used as a currency? Bitcoin is pretty much the modern version of it. Bitcoin runs on a decentralised platform meaning that it is sticking away from the banks and government. This means that if you own to private keys to your Bitcoin, then you own that Bitcoin fully. It is not like fiat in which all of your money is stored in the banks. This means that your money is just a small portion of the banks larger fund pool.

Luthfiyaaa

full member

Activity: 468

Merit: 100

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 will explain what is bitcoin. bitcoin is the digital currency. this money can only be searched and used if there is internet. digital currencies of many kinds, and the most high bitcoins at this time. if still don't understand, can search on google. just it.

ningrum

full member

Activity: 1610

Merit: 103

The OGz Club

Quote from: Dakshkapoor on October 29, 2017, 08:29:40 AM

BITCOIN is a digital crypto currency which is now huge demand because of its good profit potential. It is a good currency which is giveing good profit out of it.
Money here comes in the form of non existance currency which is soft wallet. It is used for online pirchasing for daily expenses and many other things

really what you have to say, bitcoin is a digital currency that is often sought by the people who are distressed in the needs of the economy.
so with this kind of bitcoin is getting longer, growing very high.

An0nyMoose

sr. member

Activity: 490

Merit: 255

Bitcoin is a universally scarce digital ledger that can not be changed or tampered with like gold, or fiat. So it is a network, and a currency. The network is what secures the value.

Dakshkapoor

full member

Activity: 294

Merit: 100

BITCOIN is a digital crypto currency which is now huge demand because of its good profit potential. It is a good currency which is giveing good profit out of it.
Money here comes in the form of non existance currency which is soft wallet. It is used for online pirchasing for daily expenses and many other things

Sarah08

full member

Activity: 238

Merit: 100

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 very essential and important thing. With bitcoin people are able to gain so much money and people are also able to earn so much money. In bitcoin people are simply having a job using the less of their time and using the less of their effort. Bitcoin has been an aid in providing financial needs for many people.

simantobd

member

Activity: 162

Merit: 14

Bitcoin is very strong currency of crypto. and business online .many people income source in bitcoin.i think this currency is good.

argiyan.tri

full member

Activity: 271

Merit: 103

sometimes if anyone asks me what bitcoin I explain simply as what I know.
if he still does not understand better recommended to browse the internet.

desanti

full member

Activity: 167

Merit: 100

bitcoin is a digital currency that is known to be non-existent physically but has many important meanings in the digital world and usually bitcointalk is used for online purchases and payments, you also hold your bitcoins to invest to make a lot of money until the price is high.

Virman01

sr. member

Activity: 402

Merit: 250

if i, if anyone ask me what is bitcoin, yes i answer it with simple, that bitcoin is digital currency, for more details please see youtube or google.

Reez

full member

Activity: 381

Merit: 101

Bitcoin is a currency and a network. The network is the Blockchain, which is one big public ledger that keeps track of whatever thing value is on it, and Bitcoin is the currency to use on this network to express value.

Saimoon

newbie

Activity: 82

Merit: 0

Bitcoin is the first crypto currency ever introduced in Internet. Its a virtual currency.Its exist only in Internet. it has no physical note or coin.People think its the future of currency.Day by day Bitcoin is gaining popularity and the value of it is increasing highly.We can trade in online by using Bitcoin. It can also used as a source of income.

mhayandal

member

Activity: 308

Merit: 10

bitcoin increases the value by itself, bitcoin is our future money you can pay your payment by using the bitcoin this can be a source of income.

nguyuh

newbie

Activity: 9

Merit: 0

Quote from: bololord on September 03, 2017, 06:58:36 AM

Quote from: Janation on September 03, 2017, 06:17:59 AM

Quote from: c++btc on September 03, 2017, 05:57:48 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.

Yeah but for me bitcoin is our futurr money and i hope as much as possible people should know it early .especially to troublesome or poorpeople like me . becuase this is the answer to reduce our poverty.

is not future money, bitcoin is future asset that can make us rich.

skarais

legendary

Activity: 2464

Merit: 2094

I think Bitcoin is a decentralized digital currency that is now gaining in popularity.
Bitcoin can also be used to send donations of funds to anyone and whenever you want.
I think if you want to send money through bitcoin it will be easier and practical With bitcoin we can send it easily,precisely and accurately whenever we want.

sch_lau

member

Activity: 103

Merit: 10

🌟ATLANT ICO: 7/09/17🌟

haha i get some answers like 'oh yeah i saw it on TV that useless shit' or 'oh that is so risky, they say the bubble is going to burst any time now' or even 'oh you made that much money? but it's not real money like, it's like you need to sell it in order to get money?' And the list goes on. Serously poeple are just not ready for it yet, they need to learn about it in their own pace. No need in bombing people withinfo because people will always listen to the media or people who studied economics and those are the people who are not giving bitcoin the best image.

tevayo

hero member

Activity: 620

Merit: 500

Bitcoin is nothing but a virtual currency or a medium of conducting digital transactions, just like any other digital Bitcoin is digital and decentralized – With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has owners Ease of online shopping: As we already know, Bitcoin can help us do online shopping. It’s like an e-wallet which can be created blockchain technology to store, track and spend digital money. Less volatile than cash: Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online.

tevayo

hero member

Activity: 620

Merit: 500

Bitcoin is nothing but a virtual currency or a medium of conducting digital transactions, just like any other digital Bitcoin is digital and decentralized – With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has owners Ease of online shopping: As we already know, Bitcoin can help us do online shopping. It’s like an e-wallet which can be created blockchain technology to store, track and spend digital money. Less volatile than cash: Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online.

Topic: What is bitcoin - page 26. (Read 7914 times)