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Topic: What is bitcoin - page 35. (Read 7914 times)

newbie
Activity: 2
Merit: 0
October 12, 2017, 03:05:16 PM
Bitcoin is a form of digital currency, created and held electronically. And also the future. Well, maybe not bitcoin itself but cryptocurrency for sure Wink
newbie
Activity: 28
Merit: 0
October 12, 2017, 03:01:05 PM
I say it is a decentralized currency that can not be controlled by banks, that you can send anywhere anytime. Explaining more would be too technical for most people. If they ask I'm happy to answer any questions, like what blockchain is, how transaction works...
full member
Activity: 340
Merit: 100
October 12, 2017, 03:00:30 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.

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.
Bitcoin is profitable in which you can earn money with the help of your knowledge and internet connection and also a android phone to access. Bitcoin is also decentralized. And the payment system in bitcoin is awesome.
sr. member
Activity: 714
Merit: 250
October 12, 2017, 02:53:18 PM
Bitcoin is the digital money and one of the thing that will become game changer in the future. Bitcoin is not controlled by anybody even the government or either an organization doesn't control bitcoin so it is completely freedom and because of bitcoin we can easily earn money without going out from our house and by just the help of the internet and our computer we can be millionaire through bitcoin.
In fact, bitcoin is the new form of currency and some people say that it will become our future money and currency. I agree that bitcoin is not controlled by anybody and you can simply say that it is decentralized. Bitcoin will help use to make more money and income and it will help you to have bright future.
sr. member
Activity: 812
Merit: 250
October 12, 2017, 02:44:32 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,
We all know that it is decentralized that you could control your own bitcoin and I agree that it can be use as the mode of payment in some business. In addition to that, the price of bitcoin is volatile and as of now the price of it was rapidly increasing and it can the reason to gain more income.
member
Activity: 177
Merit: 10
October 12, 2017, 02:11:07 PM
I love bitcoin more than my lover
BitCoin is my life
If I no longer love bitcoin I probably died
full member
Activity: 126
Merit: 100
October 12, 2017, 02:09:06 PM
Bitcoin is a virtual currency has been appeared since 2009. The value of one Bitcoin was nearly 0.5 dollar but now and specially this day, its value reaches 5300 dollar. This means that nowadays, it represents the best way to invest.
newbie
Activity: 5
Merit: 0
October 12, 2017, 01:53:22 PM
is a virtual currency. Value depends on digital currency users, the higher the value, the higher the value.
hero member
Activity: 884
Merit: 500
October 12, 2017, 01:29:12 PM
I think bitcoin is a digital money that can help to improve one's financial because it can give people extra income in online world and can be withdrawn into fiat money to shop in real world, because it has pretty high selling price. I think it can improve the financial economy from poor to be better in future
hero member
Activity: 3052
Merit: 651
October 12, 2017, 01:22:39 PM
I guess we all differ on how we see bitcoin or how we use it.
Depends if you just want it to be an asset or a trading tool to make it faster gaining more coin or as a currency which could buy other crypto currencies. That is all the use of it that I know since i havent tried buying physical items thru it.
hero member
Activity: 535
Merit: 500
October 12, 2017, 01:20:09 PM
bitcoin allows us to send digital money faster and without you having to pass several countries if you want to send it to another country and not taxed different than the bank if we want to send money to different countries and taxable, and else bitcoin transfer is safe and no tax as its advantages
hero member
Activity: 759
Merit: 500
October 12, 2017, 01:16:49 PM
bitcoin is a digital money with no one controls it and has an unstable selling price which could rise so drastically and vice versa. bitcoin can help someone to be a future millionaire if someone invest it in a long-term
newbie
Activity: 28
Merit: 0
October 11, 2017, 01:32:02 PM
Bitcoin is an innovative payment network and a new kind of money ( Basically a electronic based currency, not a paper currency).
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
sr. member
Activity: 686
Merit: 250
October 11, 2017, 01:23:42 PM
For me bitcoin is an easy opportunity to gain wealth, we all know that the current bitcoin price continues to increase so it becomes the main choice of future investment. Let's make life better with invest bitcoin.
Bitcoin is a great wealth generator but I would not call it easy, bitcoin is getting more expensive by the day, so if you want a bitcoin you need to invest almost 5000 dollars just to get one, and if you want to earn it then you need to put a great effort since no one is going to give you bitcoin for free.
full member
Activity: 290
Merit: 100
October 09, 2017, 11:42:47 AM
Bitcoin is a cryptocurrency that is the most popular and most famous in all the crypos ever appeared, this bitcoin helped many people and make them confident in money thats why more people were investing in bitcoin. And in every single day bitcoin is rapidly increasing in terms of value. And another fact bitcoin is made by satoshi nakamoto.
sr. member
Activity: 672
Merit: 251
October 09, 2017, 11:28:31 AM
Bitcoin is one of the thousands cryptocurrency existing in this world. It was created so that the double spending would be lessen. It was created by Satoshi Nakamoto. And this coin is created to better future payments.
member
Activity: 119
Merit: 14
October 09, 2017, 11:27:13 AM
In my opinion.Bitcoin is a worldwide cryptocurrency and digital payment system.Bitcoin also called as reward because mining of btc .We can also doesn't need to investing money in this .
full member
Activity: 504
Merit: 106
October 09, 2017, 08:55:40 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 website in where you can gain so much money into working with the less of your time and the less of your effort but then gaining so much money im exchange to the effort that you did.
Bitcoin is the digital currency through it you can earn a lot of profit as compare to any other business in the world and as far as the eases are concerned it gives ease to the shopping also as to the transactions of money and to trade across the globe, bitcoin is neutral to everyone and it allow everyone to invest and gain as much as one can.
sr. member
Activity: 504
Merit: 268
October 05, 2017, 10:48:22 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 website in where you can gain so much money into working with the less of your time and the less of your effort but then gaining so much money im exchange to the effort that you did.
full member
Activity: 378
Merit: 100
October 05, 2017, 10:18:17 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.



What is Bitcoin this is the question that is always asked to me then when I answer them honestly they don't believe in me. So now when somebody ask me about it I’m always say that why don't you google it so you know what bitcoin is, why you don’t make a research so you know all the information and you know how it works.
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