What is the basis of bitcoin? - page 2.

sumanto

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Quote from: harbs23 on March 27, 2018, 08:49:07 PM

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?

For those who share an opinion are most appreciative.

bitcoin is a very easy-to-use digital currency base for existing payment methods because safer, safer bitcoins are more convenient at cheaper and faster than using regular currency. not only that bitcoin also can provide benefits for those of you who understand how to trade properly and correctly.

13risingforce

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Some of the problems or events that occur in the world seem to be an influence on bitcoin prices. Then the unbalanced demand and sales can also have an effect.

YED

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Small wonder that Bitcoin emerged in 2008 just after Occupy Wall Street accused big banks of misusing borrowers’ money, duping clients, rigging the system, and charging boggling fees. Bitcoin pioneers wanted to put the seller in charge, eliminate the middleman, cancel interest fees, and make transactions transparent, to hack corruption and cut fees. They created a decentralized system, where you could control your funds and know what was going on.

pixie85

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Do you mean the fundamental value? It's value lies within its ability to skip the middleman. There was no such thing in banking since forever. You always had to trust someone to do the math, to move the money from place to place, and you never knew who fucked up. Now you know. The only person that can do it is you.

pat4cryptoreal

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Bitcoin is not meant to behave like our fiat. It is meant to decrease and increase so do not worry about it just be ready to experience that. Our normal fiat loose value as the days goes by but bitcoin is meant to gain value as the day goes by.

maximkretov

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Unlike Fiat money units, virtual digital assets have no material embodiment. That is why they exist and develop only within a virtual network. Bitcoin is an open electronic payment resource with which you can make financial transactions with the same currency.Unlike fiduciary title signs, the issue of which is controlled by the government regulator of a particular country, the issue of Bitcoin is made absolutely different rules. I think I told you how bitcoin is the basis!

oni4an

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The most important basis of Bitcoin is its technology, blockchain technology. It is very convenient to transfer any sums to any point in the world and pay small commissions.

Sandus_Cryptolover

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Been the first Cryprocurrency acceptable for the exchange of goods and services, it's just a matter of time before it stabilises. As the awareness grows, the value if Bitcoin grows.

Quote from: harbs23 on March 27, 2018, 08:49:07 PM

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?

For those who share an opinion are most appreciative.

bcoin01

newbie

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Blockchain. Crypto money is very valuable on this. It is very important that the system is both reliable and fast.
Thanks to cheap transfers, people prefer this system. Many projects are now blockchain-based.

cryp24x

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Kindly clarify if what you really need to know. If you want to know why does Bitcoin have value and how the value was determined, then this is my response.

There are 3 important factors affecting Bitcoin's value.
1. Scarcity
2. Utility
3. Supply and Demand

1. Scarcity
Bitcoin is like gold which has limited supply. That is the reason why it is scarce.

2. Utility
Bitcoin nowadays is well-known and is used as an alternative mode of payment. It is also used in trading and investment. Profits can easily generate through Bitcoin so many have gained its benefits.

3. Supply and Demand
The volatility of Bitcoin is one of its characteristics. The Scarcity, as well as Utility, affects the Supply and Demand of Bitcoin on the market. That is the reason why price change of Bitcoin was so often and can change over time.

tanjiran

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Quote from: mkhadazz on May 13, 2018, 10:50:27 AM

I think bitcoin base is a digital currency trying to provide a solution for the community because I see the future seems to be not too use of paper money anymore, I see today has started to develop digital currency.

The background of the development of financial technology is the existence of problems related to payment and investment systems that occur today. Thus a decentralized fintech is born, can be used as a means of payment (though not maximized now), commodities for trading, and as an investment tool.

paul gatt

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I think the bitcoin base is the internet. Bitcoin is the digital currency it operates around the world. So the internet is very important for bitcoin.

mkhadazz

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I think bitcoin base is a digital currency trying to provide a solution for the community because I see the future seems to be not too use of paper money anymore, I see today has started to develop digital currency.

krishnaverma

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Quote from: gomes1 on May 06, 2018, 05:53:57 PM

Bitcoin is a new technology we've never seen before, Bitcoin allows you to move money, Bitcoin is a payment system, same as a bank or credit card transfer method, a payment method or value transfer that is independent of government authorities such as a central bank that traditionally controls the amount money supply and currency availability in the global market and Bitcoin slightly better.

It was designed to be a payment system but current situation is quite different. People are treating it just as an investment option to make money.

This results in a scenario where every one wants to accumulate as many bitcoins as he can and does not like to pay using it.

Alexmagn84

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Bitcoin is a first of digital crypto currency in the world.bitcoin can make quickly eran+profit in the crypto world.bitcoin already cross the worldwide.I know that bitcoin is the best currency all the crypto section.

joebrook

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CryptoTalk.Org - Get Paid for every Post!

Quote from: cokkapaga on May 03, 2018, 02:31:33 AM

Quote from: czhen on May 02, 2018, 11:57:51 AM

the people here have answered all your questions.
but I suggest only understand with Bitcoin and better understand with Bitcoin price movements and that is enough to help you in investing

Bitcoin is not all about of price, but bitcoin is a future technology in the world
Company and anything field is started to use the blockchain technology. bitcoin is based on blockchain technology.

The currency is just the product of the blockchain technology and that's the most important thing. To know more about Bitcoins, you will have to learn more about the Blockchain technology.

kiemtien7net

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Bitcoin is built on the trust of the value community without any basic values and guarantees other than the community. Bitcoin is N1!

racham02

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there are so many basis of bitcoin, Bitcoin is both a type of digital token and virtual currency, it is an online payment system, bitcoin is the first cryptocurrency worldwide, so there is no control over bitcoin, no goverment or central bank control Bitcoin. if you want to invest in bitcoin know first how it works so you do not lose what you invested.

Kakek sugiyo

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The basis of bitcoin is a place where to invest stocks or planting shares whose payments use digital payments that are different from other investments.

websing

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Bitcoin is a virtual / digital currency.

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