Bitcoin Forum

what is bitcoin

Hey shorte,

This link might help you understand more about Bitcoin:

https://coinsecure.in/whatIsBitcoin

Also, welcome to the community.
Feel free to PM me if you need any help related to bitcoins. ;)

Come on man... Read the stickies, use Google, use the search bar... https://en.bitcoin.it/wiki/Main_Page

What kind of question is that man? Just go through different sections in the forum, or google it or watch videos on youtube and you will get answer for your question.

nah he`s just making new thread for forum members to post on. this is
his second thread the other one is some faucet sites.

Without getting in to the nitty-gritties of the block chain technology, I can say that bitcoin is a wonder coin which has the power to become big in future.

The coin has a limited supply and high potential to go up way higher than its current level.

However, don't compare bitcoin with fiat currency because its characteristic is different than any fiat currency of this mortal world.

Bitcoin is the currency of future providing wide range of benefits to its users, and it will be the best payment method replacing  WU and Paypal in coming years.

Bitcoin is a online currency that you use to buy stuff online. You can also use it to gamble online to earn more Bitcoins but most people use it as an investment because the price always changes with Bitcoin.

If you don't know what it is why did you come here  ::)

Lolz. you are right,if he have heard the word bitcoin then I am sure he must have also collected information related to it, and he surely knows what bitcoin is  :D

Watch some youtubr videos about bitcoin. If you even search simply what is bitvoin in google you will get enough links to know clearly concept of bitcoin and blockchain technology.

This is in fact a great question to get us back to the original idea of bitcoin!

Bitcoin is a secure digital asset which can be easily transferred without the help of third parties.

A bitcoin is just gold but ok not just gold it's an Online coin that has a kind of a value. That value is real money so you've
got 1 coin and 1 coin each is 450 dollar. So it's real money into a online coin. you can buy all kind of things with it.

I think by posting site faucet, I think this guy already knows bticoin.


But come on dude,  even if you're a newbie. Read the previous thread as much as possible from people who are already asking about it. I've been there hundreds of people are asking "what is bitcoin" in this forum. But if you are lazy to read, take a look at the videos on youtube that introduced "what is bitcoin".
take a look at this video might help you... https://www.youtube.com/watch?v=Um63OQz3bjo (https://www.youtube.com/watch?v=Um63OQz3bjo)
thanks

I dont think you really dont know bitcoin. Im sure everyone has a little idea what is bitcoin before they came here. This forum makes your knowledge wider/bigger about btc.

for such a general question you should use google or any search engine you prefer and ask it there, you will find a lot of good articles that answer this in details, it is tough to say it completely in here in form of one comment.

you can also read bitcoin.org

Hehe, I chuckle every time I read one of these click bait ass topics. Bonus points if it's in broken English (I jest, no shade being thrown). These things drive the signature campaigns, btw.

My current fav is the "how to motivate women to use bitcoin " thread. You can taste the lack of gf/wife/any female presence in the responses  ;D

It's magic internet money friend, that's all you really need to know. All that blockchain and encryption stuff is, well, hard :)

I suggest you look at the wikipedia definition for bitcoin: https://en.wikipedia.org/wiki/Bitcoin

There is also en.bitcoin.it which is basically a bitcoin encyclopedia. It's pretty helpful for beginners.

Also, check out the Beginners & Help section on this forum. There are lots of threads helping you to understand the concept of bitcoin.

Here (https://www.google.com.ph/search?q=what+is+bitcoin&oq=what+is+bitcoin&aqs=chrome..69i57j69i60l5.3745j0j7&sourceid=chrome&ie=UTF-8), I searched it for you. ::) Please learn how to use Google (http://google.com)'s search bar before you enter the world of bitcoin. You have a lot of searching to do.

This will help, read this article (https://en.wikipedia.org/wiki/Bitcoin) from Wikipedia.

Этo pacпpeдeлённaя CУБД

I recommend watching this video https://www.youtube.com/watch?v=Gc2en3nHxA4
In it simple and accessible language tells what Bitcoin, how it is used, and small technical details. Also recommend their site https://www.weusecoins.com/

a digital currency that can be used as an investment because the rate it costs always increase every year. and bitcoin digital currency is the first to be the global currency :D hope this

even there was section for begginer and help,i think newbie will keep posting something like this on bitcoin disscusion section.
i'm sure every people have different definition to explain what is bitcoin to newbie,and so far i just use this : "bitcoin is digital money that can be traded,can used as payment and investement,bitcoin come from algorithm solve" i thought it simple enough.

Bitcoins is the most popular crypto currency online now.It has the highest price of all cryptocurrency,it is running for almost 8 years now and it is still good.It has the highedt market price or all currency.And it has the most numbers numbers of users online becaue of its many purposes and features.If you want to know more just google it thats all i know about bitcoins.

i will only say that bitcoin is a profitable online currency. and i suggest you to see documents and documentary on youtube.   

Bitcoin for me is a digital currency that can use as money worldwide using internet, you can convert it in fiat and you can earn here it in internet in many ways like trading, mining, investing, collecting satoshi and signature campaign .

"Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren't printed, like dollars or euros – they're produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems."

I think this is nice explanation about what btc is, easy for reading and understanding . For me to bitcoin is a bit more then just a currency. Now I can say my first money from internet came from btc, first serious gambling... Even now I`m enjoying in same things like in beginning ( except in faucets, not all of them ).

Bitcoin also can be a future, for now bitcoin have a big chance for that. Who knows what will happen along the way, and how many changes we will see. What we can and need to do is to work for that to happen, everyone of us to put some effort into this. For me that is important, that chance we have. I hope we can make something great from this.

Really man? Really?!

 ???  >:(

I hate you.

Bitcoin is a cryptocurrency launch on year 2009 opersted by Satoshi Nakamoto.Bitcoin has the highest number of users all over the word and among cryptocurrency online.Bitcoin also has the highest adoption rate and highest price of all crypto currency.Bitcoin is the most popular cryptocurrency online now.

Bitcoin is a cryptocurrency who created by satoshi nakamoto and released it on 2008 and it become open source by 2009. For me it is one of the best opportunity to those have some free time to make money online while you're in home.

This will answer you questions https://bitcoin.org/en/faq . Im hopping that im help you with this.  Try to play safe when using bitcoins, dont invest in hyips, hyips is most of the scam site

This is my definition.. bitcoin is a digital currency by which you can sell and purchase anything through your computer. you can watch youtube videos for further explanation.

Your Question shows that you are newbie.
Definitely you know about what is Bitcoin. But here in Bitcoin forum everyone can ask the question.
Bitcoin is crypo currency, mostly people call it is future currency, because most of the online currencies are here but people like it more and use it more than others currencies. passing the time you can realize what is the benefits of bitcoin when you get profit from it.

yes this is good section for question like this,but i think people have to looking for on other source like google before asking here,just want to help if people answer still not give you sastifiy answer,here some video that explain bitcoin with animation and simple explanation in 5 minutes,hope you will understand easily.
https://www.youtube.com/watch?v=l9jOJk30eQs (https://www.youtube.com/watch?v=l9jOJk30eQs)
http://www.theguardian.com/news/video/2014/apr/30/bitcoin-made-simple-video-animation (http://www.theguardian.com/news/video/2014/apr/30/bitcoin-made-simple-video-animation)

Bitcoin is an a internet currency. You can know more about bitcoin in this forum, you can go to other sections, you can see what is bitcoin. You can check this out: https://en.bitcoin.it/wiki/Main_Page Goodluck bro!

Bitcoin is a online money where you can use to try some investment or do some trading (altcoins) and also buy some online credits like you can buy credits for your steam wallet.

According to Wikipedia,

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer and transactions take place between users directly, without an intermediary.These transactions are verified by network nodes and recorded in a public distributed ledger called the block chainwhich uses bitcoin as its unit of account. Since the system works without a central repository or single administrator, the U.S. Treasury categorizes bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrencyalthough prior systems existedand it is more correctly described as the first decentralized digital currency.Bitcoin is the largest of its kind in terms of total market value.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into a public ledger. This activity is called mining and miners are rewarded with transaction fees and newly created bitcoins.Besides being obtained by mining, bitcoins can be exchanged for other currencies,[24] products, and services.When sending bitcoins, users can pay an optional transaction fee to the miners.

In February 2015, the number of merchants accepting bitcoin for products and services passed 100,000. Instead of 2–3% typically imposed by credit card processors, merchants accepting bitcoins often pay fees in the range from 0% to less than 2%. Despite the fourfold increase in the number of merchants accepting bitcoin in 2014, the cryptocurrency did not have much momentum in retail transactions. The European Banking Authorityand other sources have warned that bitcoin users are not protected by refund rights or chargebacks. The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies,law enforcement,and media. Criminal activities are primarily centered around darknet markets and theft, though officials in countries such as the United States also recognize that bitcoin can provide legitimate financial services.

I am not sure if you are trolling or not,anyway in case you are seriously asking a simple google serach will give you the answer you are looking for

http://lmgtfy.com/?q=what+is+bitcoin

Bitcoin is the king of crypto currencies online now since year 2012.It is launched by a chinese guy named satoshi nakamoto.Thats all i know about bitcoins

You can know it by search in google, or find in wikipedia maybe youtube can help you
OMG forget about your parents, they know everything. just ask them, they will tell you all about bitcoin

I will make it simple for you , i will tell you what is bitcoin in one word : FREEDOM !!!!

Yeah, bitcoins allows us freedom of money, we have total control on our money and we have our own bank in the form of bitcoin wallet which no one else can control it.

a cripto currency. which is going to be recognize as a global currency. i think

In simple words, Bitcoin is a money which is used in internet world as USD which is used in real world so called as Virtual currency :D
You can buy and sell anything with bitcoin :) Just you need to search for the right online shop !

Bitcoin is a digital currency called cryptocurrency. It is used to buy things anonymously.

bitcoin is an internet technology is highly developed, the technology is often used as a means of transaction, because bitcoin has many advantages, allowing the transaction quickly, and could not be tracked. bitcoin was superb, and if you want to know more complete, perhaps you could look it up on google

Would be nice if you could do a little google yourself but I guess asking around in a bitcoin forum would give you quite a direct and easy-to-understand answer.
So, my answer to you question is that Bitcoin can be simply understood as an investment by buying and holding on to it, and a currency used for buying/selling goods and services.