Topic: What is bitcoin - page 36. (Read 7914 times)

bitcoin is a cryptocurrency it is the most safest and easiest way to earn money if you want to earn money in safest and easeyest way than you shuld invest in bitcoins because the prices of bitcoin is getting higher rapidly.

Bitcoin is a kind of business that you should work hard for, to gain money. Bitcoin can be your source of everything, which can also provide your daily needs. It can help you secure your future and family as well. Because its a source of high income. Should just apply hard work and patience to earn the money that you need and the money that you want.

Bitcoin is the first global, decentralized currency that allows you to send money from one person to another without involving a third party broker, such as a bank. You only need your computer to make transactions because Bitcoin is fundamentally software.

As a decentralized currency, Bitcoin isn’t controlled by anyone. It’s open so that anyone can benefit from it.

You might think that the lack of control could mean chaos, but that’s not true at all. That’s because Blockchain, the technology behind Bitcoin is one of the most accurate and secure systems ever created.

Bitcoin is the digital form of currency and it can be used for online shopping and can be used as investment. Many people are using it for long term investment because it is giving huge profit within no time and this attract people more and its prices are mostly going upward and now it worth 4170USDand that will go up till 6000USD soon.

Bitcoin Advantages:
Freedom in Payment
With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.

Control and Security
Allowing users to be in control of their transactions help keep Bitcoin safe for the network.Merchants cannot charge extra fees on anything without being noticed. They must talk with the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.

Information is Transparent
With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
Your public address is what is visible; however, your personal information is not tied to this.Anyone at anytime can verify transactions in the Bitcoin block chain.Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.

Very Low Fees
Currently there are either no fees, or very low fees within Bitcoin payments.
With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.
Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.

Fewer Risks for Merchants
Due to the fact that Bitcoin transactions cannot be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that might occur from fraud.
With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.

Bitcoin is a kind of cryptocurrency that is known and famous of all crypto. And it helps to many people that is depending their knowledge to computer. This is earned using computers and knowledge about bitcoin. This is the most and highest value in the crypto world.

Well if someone ask me about bitcoins all i got to say is that it is a new form of digital currency which was created and held electronically in the year 2009 by an unknown person or a group or persons using the name sathoshi nakamoto. The transactions in bitcoins are done without help of a third party that is no banks or such things are involved and there are no transaction charges like in the banks and it is not necessary to give real name.It can be used by any person internationally as it is being accepted world wide and there is no fees like in the banks people buy bitcoins as it is one of the best form of investment because the value goes high.Bitcoins can be transferred from one person to other just like sending cash online using mobile phone or computers.Bitcoins are collected and stored in digital wallets which exist on computers or online the wallet is the place where the individual saves and keep their bitcoins,online wallets are often risky as it tend to get hacked.

Based in my research bitcoin is cryptocurrency and digital and it can use peer to peer so that's why bitcoin is so fast to transact becuase bitcoin powered by internet and you can use this to pay your bills and etc.

Bitcoin can be used as a legitimate payment, and bitcoin also provides business opportunities for you.

Bitcoin is a digital currency and payment system that is completely different from usual currencies. It is the first invented cryptocurrency by Satoshi Nakamoto (2009). It’s called as decentralized digital asset or digital gold.

Bitcoin is an open source software which means that not any particular person, company or nation owns it (just like the internet). This follows peer-to-peer network i.e. 2 or more participants can transact individually without an involvement of bank or any central authority. Network servers authenticated such transactions and stored in public distributed ledger i.e. called the blockchain.

Bitcoin is a one type of currency and it is called as digital currency and 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 is called bitcoin.

I would explain bitcoin to a newbie in a way that he will be able to understand and maybe somehow develop some interest. In my opinion, bitcoin simply means internet money that can be transferred between peer to peer. There is no need to provide your names and they is no middle man, it is completely decentralised.

Bitcoin was created in 2009, by the programmer(s) named Satoshi Nakamoto. Only 21 million bitcoin were created and around 16 million are in circulation. Bitcoin has been gaining popularity and recognition throughout the years and now a lot of countries are adopting it and starting to use it.

Bitcoin is peer-to-peer cryptocurrency system that allows online transactions using a unit of exchange called Bitcoins.It came into existence in 2009.It is decentralized i.e.without any involvement of government.It can be seen as the alternative of government's flat currencies such as Us Dollars or Euros  or an alternative to the pure commodity currencies such as gold or silver coins.Each Bitcoin transaction is recorded in Blockchain .They are either mined or purchased with standard national currency. Bitcoins are kept in Bitcoin wallets which are accessed through smartphone or computer using internet.

Bitcoin is a form of digital currency, created  and held electronically.No banks needed for you to transact and no need to give your real name.

Exactly right, and of course if someone was being interested, it doesn't really mean you have to feed up all the answers he would ask, but probably let him be independent and seek his own answers. Because actually, if you keep on depending into someone it will only lead that you don't have that much knowledge on what you are going through, as for an example, Bitcoin, you need to learn it by yourself and have your own knowledge and understanding about this matter if you are really willing.

If the one of my friend has who just heard about bitcoin and asking what bitcoin it is to me, first i will explain it all i known about bitcoin as well as how to earn it. In addition i will give him some proof of how to get the bitcoin i've done, and i will also tell him to learning more or increase his knowledge by reading a lot in google articles and invited him come to this forum for learning more about bitcoin.

I think bitcoin is the virtual currency available in the digital world, bitcoin can also be sent to me.

We know the meaning of bitcoin if we search on google and what is used. Everywant you know about the bitcoin is found on the google and some in the forum. the history of the bitcoin, who made the bitcoin and others topic about bitcoin will found in the google or in this forum.now the challenge is i think what is bitcoin for me or for you ? And if answer that i must compare the bitcoin into growing trees. Bitcoin is just growing and growing umless you take the root even though that the branch broke it will grow again and again.

It is just created by satoshi nakamoto and he is only one person. Satoshi Nakamoto created bitcoin because he want to change the system of our financial system because inflation rate is the main reason why people can become rich too because the prices of the goods are going up so the ability to buy goods for a poor person is getting lower so bitcoin will become a life saver for them to fight inflation.

bitcoin is digital electrical currency which a bank can not maintain.it is online unseen money which is easily transmitted into different currency. a brief discuss having in google.....