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Topic: What is the basis of bitcoin? - page 3. (Read 769 times)

newbie
Activity: 30
Merit: 0
May 07, 2018, 09:57:53 AM
#93
Bitcoin is a global phenomenon that is a digital currency is a system used to send and receive money via the internet to every destination of this world is a basic digital currency and we can get it without real money, it can be arrested and we can not see it
newbie
Activity: 38
Merit: 0
May 06, 2018, 11:54:40 PM
#92
yea bitcoin is  really easy going and dangerous, BUT if you use it wisely and ethically there's no more problem with that. Jah bless
member
Activity: 196
Merit: 10
The Experience Layer of the Decentralized Internet
May 06, 2018, 11:50:23 PM
#91
The technology behind bitcoin is the blockchain.
The blockchain is now recognized by many countries.
Bitcoins and blockchains are inseparable. Grin
newbie
Activity: 168
Merit: 0
May 06, 2018, 11:11:40 PM
#90
Bitcoin differs in that it is not created by any nation or state, but is made up of a network of computers around the world. It was created nearly 10 years ago and it is also Banks or government control and it is invested heavily by investors
newbie
Activity: 67
Merit: 0
May 06, 2018, 10:29:01 PM
#89
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 new technology we've never seen before, so a better way is to look at Bitcoin as a combination of different things that we know:
First, because Bitcoin makes it easy for you to move money, Bitcoin is a payment system, just like a bank transfer or credit card method, but Bitcoin is a bit better.
Second, Bitcoin resembles gold - this is why many people call Bitcoin a 'digital gold'. Imagine Bitcoin as gold that serves as money, but Bitcoin is very easy to transfer (transferable).
Thirdly, Bitcoin resembles the Internet because no one person or entity controls it, so anyone can use it as they wish. This is a very unique characteristic.

For price increases and down bitcoin itself is the investor and market price cycles.
newbie
Activity: 58
Merit: 0
May 06, 2018, 09:51:07 PM
#88
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
newbie
Activity: 120
Merit: 0
May 06, 2018, 09:48:48 PM
#87
For me, my basis to join bitcoin, is to secure how it could be in tge future will be in bitcoin. And to make sure that i follow the rules and regulations that the campaign gave to me there polices and terms and conditon to make it posible.
newbie
Activity: 84
Merit: 0
May 06, 2018, 09:08:54 PM
#86
The basis of bitcoin is trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoiner Idealis often confused must collect Bitcoin or just pursue profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.
member
Activity: 239
Merit: 10
May 06, 2018, 09:04:26 PM
#85
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.
As we all know, bitcoin is the first cryptocurrency and payment system in this world. It is also the basic digital currency. We can earn also earn bitcoin without the use of the real money. We can also hold our earnings in bitcoin. As I also know, the basic price of bitcoin rises up and also gets down. So if the value of alternate cryptocurrency gets down then it is because of the low value of bitcoin.
member
Activity: 350
Merit: 10
May 06, 2018, 08:47:31 PM
#84
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.

Bitcoin is the first crypto currency that alows transfer and payment system in the world. It's a digital currency where we can put our money and make it grow and we can get earn without using the real money.
full member
Activity: 292
Merit: 102
Bounty Detective
May 06, 2018, 08:29:56 PM
#83
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.
In my opinion, The fluctuation in price is caused by the transactions using bitcoin, whether great or small. Specifically, the transaction is the buy and sell process. These process causes the change in bitcoin circulating supply, through buying and selling. I also think that the bitcoin follows a formula that serve as the basis of change in price whenever any of the transactions was taken place. But this is just an theory and may be true or not.
newbie
Activity: 14
Merit: 0
May 06, 2018, 05:53:57 PM
#82
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.
newbie
Activity: 182
Merit: 0
May 03, 2018, 10:25:04 AM
#81
The bitcoin has been transaction of money exchange to online.
Bitcoin is the first example of a cryptocurrency,
which is produced by people and businesses all over the
world using advanced computer software that solves mathematical problems.
Many basis involves in bitcoin business,
like on how people strongly used and accessed bitcoin, and the majority of total adaptation of bitcoin.
hero member
Activity: 1134
Merit: 517
May 03, 2018, 03:48:31 AM
#80
Bitcoin is always increasing and decreasing, and all can benefit from both the down and up side, and that's the basis I feel from the users and the influence of good and bad news.
Too sensitive with bad news, *8
Bitcoin is too dangerous for beginners.
I began to see a lot of people who were prestigious with this situation, and started to panic.
this will worsen the market.
a difficult situation to endure.
I was going to think you would know better than spreading falsehood and scaring newbies at the end of the day. Bitcoin is not anything dangerous, rather delving into it as with any other sphere without good understanding of what it's all about and what to expect, is what defines dangerous. Can you also say a car is dangerous or is it the driving without experience and licence?

As for OP main concern, Bitcoin is the first approach to sanitize our comatose monetary system by bringing safety, trust and cost less to play. Those are exquisite qualities people have been looking for over the years and the recognition that Bitcoin is an answer is the reason the demand for Bitcoin will continue to soar and recover after every attempts to clip its wings or to take the wind out of its sails.
jr. member
Activity: 110
Merit: 1
May 03, 2018, 03:10:48 AM
#79
To increase or decrease the bitcoin based on the price or market selling from bitcoin itself.
if many investors and bitcoin prices in the world is stable then in the market could be up.
besides the driving factors such as negative news ban on the use of bitcoin in a country also influential in the ups and downs of prices because it reduces investors.
but for me if I'm sure with this bitcoin investment, I'll get what I want.
so for beginners do not be afraid of failing to keep trying and keep learning
newbie
Activity: 56
Merit: 0
May 03, 2018, 03:07:24 AM
#78
Bitcoin was fabricated by Associate in Nursing unknown person or cluster of individuals beneath the name Satoshi Nakamoto and discharged as ASCII text file software system in 2009. Bitcoins area unit created as a gift for a method referred to as mining. they'll be changed for different currencies, products, and services.
full member
Activity: 350
Merit: 101
Your professional profile on the blockchain
May 03, 2018, 02:59:54 AM
#77
Some good reasons why you use bitcoin.

1. It is fast. Transactions are instantaneous and confirmation times are usually done withing 10 minutes.
2. It is cheap to transfer any amount of money anywhere. Fees are insignificant at this point.
3. Your bitcoin are your alone, they can't be blocked by bank, IRS or any institutions.
4. There are no charge backs.
Bitcoin is the first cryptocurrency, but it is not perfect at all:

1.It is slow, 3 trans per sec
2.Cheap fees if you transfer big sums, but it is not suited for small sum transactions (too expensive)
newbie
Activity: 104
Merit: 0
May 03, 2018, 02:59:09 AM
#76
If technically, the bitcoin is based on the code, it can also be considered that the base of bitcoin is composed of the power of computing, which is made up of a large number of network operations. From the point of view of the market, bitcoin's foundation is the community, which is supported by the investors of the community.
newbie
Activity: 85
Merit: 0
May 03, 2018, 02:54:51 AM
#75
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.

high speed. The transaction is instant and the confirmation time is usually completed within 10 minutes.
full member
Activity: 448
Merit: 100
May 03, 2018, 02:41:19 AM
#74
If my knowledge bitcoin including a coin that has good prospects in the future because of the difficult transactions to commit fraud make a country can be interested to apply it as a blockchain system later.
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