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Topic: What is the basis of bitcoin? - page 5. (Read 787 times)

newbie
Activity: 54
Merit: 0
April 25, 2018, 04:44:18 PM
#53
Bitcoin is a digital currency, we get it without real money,
bitcoin can help invest money online, bitcoin more investors and capitalists invest in bitcoin business, that's why bitcoin ampe is still there
full member
Activity: 193
Merit: 100
April 24, 2018, 10:48:33 PM
#52
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.
I hope so. At its simplest, Bitcoin is either virtual currency or reference to the technology. Btc is a digital currency. You can make transactions by check, wiring, or cash. You need to understand it first. You can also use Bitcoin (or BTC), where you refer the purchaser to your signature, which is a long line of security code encrypted with 16 distinct symbols. There is no country that can control btc. The purchaser decodes the code with his smartphone to get your cryptocurrency. That is because btc is meant for people and the world. There is no regulation that rule or control btc, so the price can go up and down just like right now.
member
Activity: 560
Merit: 10
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April 24, 2018, 10:40:17 PM
#51
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.

the basic of bitcoin i think bitcoin is a digital currency that operates on decentralized database or blockchain.
bitcoin can increase or decrease depends on the market demands. if many peoples want to buy bitcoin, its price will increasing.
newbie
Activity: 115
Merit: 0
April 24, 2018, 02:11:07 PM
#50
Bitcoin is the first cryptocurrency and payment system in the world. With the basic digital currency and we can get it without real money, On the other hand, people in third world countries can find Bitcoin as their most reliable channel to give or receive knowing only that the bitcoin basics come from the offer and demand and how people are doing with their bitcoin in the market.
full member
Activity: 308
Merit: 101
April 24, 2018, 12:07:27 PM
#49
Bitcoin is the genesis of another form of money called cryptocurrency, it gives birth to blockchain technology and develop by Satoshi Nakamoto.

ITS USES
It is use as a method of payment
It helps to transfer money globally
It is save, fast and secure and many more
full member
Activity: 448
Merit: 100
April 24, 2018, 11:52:33 AM
#48
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.
The basic definition of bitcoin is to use a database that is distributed and distributed to the P2P network node to the transaction journal, and uses cryptography to provide basic security functions.
copper member
Activity: 409
Merit: 1
The Standard Protocol - Solving Inflation
April 24, 2018, 11:52:14 AM
#47
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 prices are based on supply and demand, and if demand is much higher then bitcoin prices will soar. In addition, the circulation of negative news will have an effect on the demand-supply law and that is why bitcoin values are unstable.
sr. member
Activity: 590
Merit: 258
April 24, 2018, 11:41:01 AM
#46
Bitcoin is a currency which provides monetary value and investment.
The basis of bitcoin is the currency ratio just like other local currencies in the whole world. Through the increase of market value or the value of this coin we can obtained profit easily.
member
Activity: 99
Merit: 11
Your Gate to Decentralized Internet
April 07, 2018, 04:43:49 AM
#45
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.

The price of bitcoin increase or decreases based on the demand. It is just like any other valuable material like gold. Both are limited in nature and people like them.
newbie
Activity: 112
Merit: 0
April 07, 2018, 04:26:39 AM
#44
Bitcoin has only limited supply so once the supply is decreasing the value of it increases.
Bitcoin attracted many people to invest because bitcoin is like gold in digital world.basics of bitcoin are from supply and demand.
hero member
Activity: 2604
Merit: 816
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April 07, 2018, 01:50:02 AM
#43
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.

I only know that the basics of bitcoin are from supply and demand and how people do with their bitcoin in the market. you don't have to confuse with all of this, you need to learn about how to get bitcoin by many ways, how to buy and sell and to make a profit from bitcoin, how to control your emotion. and if you only think about the system, it will need a long time before you can understand and maybe you are too late to take apart from taking a profit from bitcoin.
newbie
Activity: 61
Merit: 0
April 07, 2018, 01:49:21 AM
#42
At its simplest, Bitcoin is either virtual currency or reference to the technology. You can make transactions by check, wiring, or cash. You can also use Bitcoin (or BTC), where you refer the purchaser to your signature, which is a long line of security code encrypted with 16 distinct symbols. The purchaser decodes the code with his smartphone to get your
cryptocurrency . Put another way; cryptocurrency is an exchange of digital information that allows you to buy or sell goods and services.The transaction gains its security and trust by running on a peer-to-peer computer network that is similar to Skype, or BitTorrent, a file-sharing system.
Buy Bitcoin here
Bitcoin Transactional propertie
newbie
Activity: 70
Merit: 0
April 07, 2018, 01:46:43 AM
#41
Bitcoin has come far in a relatively short time. All over the world, companies, from
REEDS Jewelers, a large jewelry chain in the US, to a private hospital in Warsaw, Poland, accept its currency. Billion dollar businesses such as Dell, Expedia, PayPal, and Microsoft do, too. Websites promote it, publications such as Bitcoin Magazine publish its news, forums discuss cryptocurrency and trade its coins. It has its application programming interface (API), price index, and exchange rate.
Problems include thieves hacking accounts, high volatility, and transaction delays. On the other hand, people in third world countries may find Bitcoin their most reliable channel yet for giving or receiving money.
newbie
Activity: 85
Merit: 0
April 07, 2018, 01:43:58 AM
#40
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.
member
Activity: 158
Merit: 10
“Revolutionising Marketing and Loyalty"
April 07, 2018, 01:28:27 AM
#39
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.
The price of bitcoin depends on market.
If theres a lot of investors bitcoin price will rise.
Also the supply and demand also help the price of bitcoin to increase.
Bitcoin has only limited supply so once the supply is decreasing the value of it increases,
Also when alot of bitcoin holders panicked and sell their bitcoins it could make the market value decrease.
There's also an effect to the bitcoin price if some huge bitcoin holders countries decided to banned bitcoin.
As the value decreases it has a good and bad effect.
The new investors woult take it as an oppurtunity to invest while the bad is that the old bitcoin holders will suffer alot if the value decreases.
Also most of ICO's will suffer if the price of bitcoin decrease.
newbie
Activity: 36
Merit: 0
April 07, 2018, 01:16:54 AM
#38
Bitcoin is the first cryptocurrency and payment system in the world. This is a digital currency is a global phenomenon which is a digital currency is a system used to send and receive money via the internet to any destination of the world that has access to the internet. it does not require a third party. As I know the basic rise in bitcoin prices and down is investors. So if the alternative cryptocurrency / coin drops because bitcoin down.
newbie
Activity: 126
Merit: 0
April 07, 2018, 12:47:54 AM
#37
Bitcoin it's the first digital currency and cryptocurrency. The bitcoin price depends on the amount of bitcoin purchased or invested.
hero member
Activity: 1246
Merit: 501
April 06, 2018, 11:01:06 PM
#36
The basis of Bitcoin as a method of payment. While the increase in price or decrease in Bitcoin price is supported from market demand and supply. The point Bitcoin is ceyptocurrency that has fluctuative properties, according to market demand.
Indeed at first bitcoin is enabled like that but because bitcoin price is getting higher and fee or transaction also longer is it still suitable if bitcoin become concept of a payment?
hero member
Activity: 688
Merit: 500
April 06, 2018, 10:57:02 PM
#35
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.


BTC is a first peer-to-peer distributed and decentralized digital currency based on cryptography. It's introduced by an anonymous "Satoshi Nakamoto" in 2009 ( see its whitepaper to learn more). Its price goes up and down like any trading item gold, silver, oil, equity goes up and down.
sr. member
Activity: 728
Merit: 266
April 06, 2018, 10:50:20 PM
#34



                       IMO OP you must avoid creating threads like this, you can try to read and look for answers here and outside the forum without creating threads around, this may seem rude but this has been talked a lot in this forum and FYI the moderators already posted some guidelines and some rules to all the newcomers.
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