Topic: Whats with bitcoin and how to purchase and spend it? (Read 161 times)
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If there is only one people left with all the bitcoin in the world what will he do? Sorry but Im a newbie so please respect my post. Im just curious..
This will not happen mate.Okay but if we will come to that point that all bitcoin was in control by the same person then it's either it is worthless (only him can use it) or it can be precious due to his act of hoarding it.
Bitcoins is a peer to peer currency that enables one to send and receive money , it can be bought from an exchange with fiat and sell on exchange for fiat currency. The greatest advantage of it is to earn while you hold it in case it appreciate in price. The greatest risk too is to lose all your money if it goes down.
If there's only one person in the world with all the bitcoin then for his sake hopefully they're worth something. Anyway, as others have said, please search the thousands of beginners posts that cover this information or use google. You can also check out our beginner guides on our blog, there are links below to some that might be of use to you. Feel free to check them out...
Btc beginner guide: http://bit.ly/Bitcoin101Guide
Exchange guide: http://bit.ly/GuideToExchanges
Crypto Wallets: http://bit.ly/WalletGuide
Hope this helps, good luck on your journey through the crypto-space.
Btc beginner guide: http://bit.ly/Bitcoin101Guide
Exchange guide: http://bit.ly/GuideToExchanges
Crypto Wallets: http://bit.ly/WalletGuide
Hope this helps, good luck on your journey through the crypto-space.
Bitcoin is a digital currency many were hook up to this even if we can hold it or smell it. Whats with bitcoin? How to spend it? Why many people bought bitcoin?? If there is only one people left with all the bitcoin in the world what will he do? Sorry but Im a newbie so please respect my post. Im just curious..
Good newbie question, There are a lot of reasons to people buy bitcoin. Cryptocurrencies are very famous at this moment. Most people buy bitcoin for trading with altcoins. Some people love to invest ICO projects. Some people like to buy a good coin or token to hold. Another type of people holds bitcoin for the long term. If only one man left with all the bitcoin, I think he will hold all the bitcoin. Because bitcoin value is very important to other all coins, tokens and the whole crypto world.
While you should read one of the 100 threads existing as an earlier poster mentioned,
I felt that it's important to mention WHY Bitcoin even exists in the first place.
it's a decentralized currency, no single entity in control, and that's revolutionizing and of great value to the world.
it's not just a number on your screen, if anything, your bank's money is just a number on a screen - since it's simply pulling data from a centralized database which the bank can edit freely.
With Bitcoin, if you receive 1 Bitcoin into your wallet, thousands or even tens of thousands of computers in this decentralized network, all confirm that your wallet holds 1 Bitcoin.
This is of great importance since it means that noone can steal your money, neither can anyone prevent you from using it and so on.
Aslong as the majority of nodes in the network confirm an action, it will be done, which means that more decentralized cryptocurrencies is 'safer'.
So unless someone holds 51% of the network power, it's impossible to steal your money, and even if someone temporarily held 51%, it could simply be corrected afterwards!
I felt that it's important to mention WHY Bitcoin even exists in the first place.
it's a decentralized currency, no single entity in control, and that's revolutionizing and of great value to the world.
it's not just a number on your screen, if anything, your bank's money is just a number on a screen - since it's simply pulling data from a centralized database which the bank can edit freely.
With Bitcoin, if you receive 1 Bitcoin into your wallet, thousands or even tens of thousands of computers in this decentralized network, all confirm that your wallet holds 1 Bitcoin.
This is of great importance since it means that noone can steal your money, neither can anyone prevent you from using it and so on.
Aslong as the majority of nodes in the network confirm an action, it will be done, which means that more decentralized cryptocurrencies is 'safer'.
So unless someone holds 51% of the network power, it's impossible to steal your money, and even if someone temporarily held 51%, it could simply be corrected afterwards!
People buy bitcoin because they invest it so they can get a lot of profit if the bitcoin value rise up. Other use bitcoin to buy things they wanted to buy. You can change bitcoin into real money. There is more use of bitcoin try to read on the other threads just search it bro. Goodluck. 
Bitcoin is a digital currency many were hook up to this even if we can hold it or smell it. Whats with bitcoin? How to spend it? Why many people bought bitcoin?? If there is only one people left with all the bitcoin in the world what will he do? Sorry but Im a newbie so please respect my post. Im just curious..
Bitcoin is the virtual currency in the digital world, and to use it in the real world we have to sell and trade it into $ (dollars). for now it is rare for people to receive payments through bitcoin, because bitcoin prices often change unexpectedly.
in my opinion, someone has all the bitcoin, he will be the richest man in this world. as we know Bitcoin is the most expensive digital asset today, at a price of $ 7000 + for one bitcoin. I hope this helps
Bitcoin is a digital currency many were hook up to this even if we can hold it or smell it. Whats with bitcoin? How to spend it? Why many people bought bitcoin?? If there is only one people left with all the bitcoin in the world what will he do? Sorry but Im a newbie so please respect my post. Im just curious..
Search the forum man, or just browse for a while the bitcoin section, hundredths of posts on your topics, most of them are mega-threads.
Bitcoin is a digital currency many were hook up to this even if we can hold it or smell it. Whats with bitcoin? How to spend it? Why many people bought bitcoin?? If there is only one people left with all the bitcoin in the world what will he do? Sorry but Im a newbie so please respect my post. Im just curious..
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