Bitcoin Forum

I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.

For example, I will start with the obvious: Bitcoin is internet money

Is this a perfect explanation? Of course not. This is where you come in.

Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.

The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.

Make sense?

So I will repeat the starting point: Bitcoin is internet money

I am a noob when it comes to Bitcoin. But I know that there are 2 types of "keys".

Key #1 is PUBLIC - you will give this to anyone who wants to send you Bitcoins

Key #2 is PRIVATE - you will use this to get your Bitcoins and should keep it a secret

Decentralized truth ledger.

Bitcoin is a virtual currency not unlike any other you might have come across while playing online games, except the technology is much stronger.

Bitcoin is like Reddit Gold, but way better to get.  8)

p.s. See username. I know what I am talking about. haha

Somehow my brain managed to short out from just these 3 words. Probably because I am clueless about Bitcoin. Care to explain in greater detail?

Do your homework. Look up the definition of these three words, combine them together, and voila: Bitcoin.

It means there is no central authority which controls Bitcoin. Rather, all computers in the network must agree, hence "Decentralized truth".

Simple thing to explain bitcoin for me is that: Bitcoin is an internet money where in people have the chanve to earn it in so many ways.

Some term it as digital gold.But bitcoin is a digital currency with decentralized nature.

bitcoin is the most indemand cryptocurency (Internet money)

Bitcoin is the Digital currency with Blockchain technology. That's my opinion. Same with your opinion

bitcoin is crypto curency,
crypto curency this mean digital curency, digital money and can convert fiat money , real money

A digital money that most of internet enthusiast uses to avail online stuffs also a decentralized money that features good characteristic of crypto currency and to compare to fiat it is more good :D like controlling by the government and also does not have tax every time you have an income government cannot elimanate tax on it which is a bit burden especially those who get big amount of bitcoin. Therefore it cannot control by the government at all. Also the most popular crypto currency and in demand.

a peer to peer electronic cash system which is trustless and instead relies on cryptographic proof to transact money which is also irreversible.

that is the gist of what the paper says and i like it.

Bitcoin is an important discovery or first important success of information technology to make a decentralized and secure payment system and something use for storage, and auditing information, including the values digital representation. Unlike the traditional payment system and traditional computer networks, bitcoin is not manage or controlled the operation by any other centralized authority or any company. All I knew the bitcoin is introduced to whole world as an open source project. Furthermore a bitcoin is an intangible object of account that facilitates the decentralized computer network of bitcoin users.

Many say bitcoin is the internet currency, but for me bitcoin is the future. 8)

Correct. It would be better if we are the one who is going to find out what bitcoin really is, in that way we could easily answer all of the questions here in this forum since we do have enough knowledge about it. You could also prevent someone on scamming you if you have knowledge about this crypto world, so avoid asking too many questions, do a research about it instead.

Bitcoin just change any concept of currency, its undeniable popular today at will still be in the future.

Thanks for your replies. :)

Anyone else care to share what Bitcoin is for you? I like to read the different views. :)

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
"bitcoin has become a hot commodity among speculators"
a unit of bitcoin.
"bitcoins can be used for online transactions between individuals"
Origin

early 21st century: from bit4 + coin

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 read that Bitcoins are ‘mined’, using computing power in a distributed network. This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.

Is it still a good choice to mine Bitcoins? Or do only big companies success?

Bitcoin is a digital currency that needs a digital wallet with a digital address. Transported digitally through the internet and traded digitally via digital currency exchange.

Bitcoin is a cryptocurrency that could be use as an "online money" but it is not the money like fiat, bitcoin is more better than fiat in many ways, you could easily transact using bitcoin than using fiat, you are going through many confirmations on fiat, that is why bitcoin is more preferable than fiat, that is what could bitcoin do. Bitcoin does have a lot of potential than fiat, bitcoin is the future money, and I guess that is how it should be define.

Bitcoin is the magical currency. Something of value, without form, and no weight, with Blockchain modern technology Which is decentralized.

For me, Bitcoin is "One For All" currency. Because Bitcoin can be convert to All currency. This is just my opinion.

Bitcoin is a online money.it's transaction system in wallet to wallet.

As I know bitcoin is a digital currency and one of the quickest and most profitable investments, easy to gain profit but also high risk

Bitcoin is the FIRST solution to the Byzantine Generals problem.  You can read more about this problem here :
https://en.wikipedia.org/wiki/Byzantine_fault_tolerance#Byzantine_Generals.27_Problem

The bitcoin network works in parallel to generate a chain of Hashcash style proof-of-work. The proof-of-work chain is the key to overcome Byzantine failures and to reach a coherent global view of the system state.

Problem solved. ^smile^

a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

As i know bitcoin is a worldwide cryptocurrency and digital payment invented by satoshi nakamoto . bitcoin can use all of people even if you are rich or poor . and this bitcoin release in 2009 and i think  bitcoin is our future money .

Bitcoin for me is only like the money that we were use but it has an improvement and bitcoin is the job of others because using bitcoin you can earn money.

A peer to peer virtual currency which is decentralised and having monetary value

Bitcoin is an online electronic money that is a very useful thing for us.Bitcoin can change your financial status using the less of your time and the less of your effort.Bitcoin can be a source of income for you and your family.

As I know Bitcoin is a digital currency that created and held electronically.Bitcoins are not printed and produced by using  software.It the first example of cryptocurrency. It is decentralized. You can buy anything using Bitcoin.

Bitcoin is the currency of the digital age, which answers the challenges of the latest technological developments in the field of buying and selling.


That is the simple meaning of bitcoin in my opinion

Bitcoin is the successful first crypto currency which network is big.You can send bitcoin anywhere in the world and none can trace you.Bitcoins price is so high that makes bitcoin more strong.

Bitcoin is Internet currency. It needs a wallet and Internet connection. bitcoin is so much profitable. so,people can earn extra  income from it.

Bitcoin is an internet currency that functions not only as a means of payment transactions but is able to provide benefits for its users in various ways that can be done to get bitcoin investment, trade and mining.
And now the price of bitcoin is so high as its progress keeps increasing.

for me, bitcoin is like a new way to help me to earn money by doing work with bitcoin. by doing some extra work, we can earn bitcoin and we can make bitcoin as our investment in long term. if we don't make as investment, we can use bitcoin for trading or gambling but I don't recommended if we use bitcoin for gambling because its too risky and better to use for trading.

Bitcoin is money, money that can we used only in online transaction.
Also bitcoin is money that can generate by someone who are working with it.
Bitcoin can help those poor to get money and make rich in the future.

Simply for me bitcoin is an digital curreny which have a very spectacular price

it is digital but it can exchange it into real money and it has an improvement and better than money thats why there are many people use it.

How can you make money from it? I would love to hear a newbie's answer about how they make money. I have never seen any newbie as confident as you.

 as i know bitcoin is the easy way to earn some cash .like a field job it also paying for your work. it is a big help for the other that didn't have a stable job using bicoin they can feed their family. And you can also offering your skills here to get a possive income.and bitcoin can help you to make a living it depends on how much profit you earn. But i know that someday  bitcoin is the way to make us succesful in the future .

Actually, bitcoin is a digital money or currency in online market. In addition to that, bitcoin is the first cryptocurrency that has a high value in online market and as of now bitcoin is become more demand in market and its because of the price and the money that you could get if you use bitcoin.

Bitcoin is Internet currency-by doing some extra work ask working doing internet

In fact, bitcoin is the first cryptocurrency and its has a high value in market. Furthermore, bitcoin is a digital money that you may use in different kind of transaction like paying bills, shopping online and many more. Lastly, I think using bitcoin you could become millionaire or billinaire in the future.

BTC is a digital currency invented by Satoshi Nakamoto who released it as an open source software in 2009. It was fisrt used for large transactions only but nowadays, many companies accept payment in the form of BTC like Microsoft, Uber etc. As you said, the value is accelerating because of the increase in demand and it is the most expensive asset that one can own in the present era. It is also the currency of future.

Bitcoin is an electronic currency that is becoming more and more popular in the world.We can improve our own economy with bitcoin and make quick payments

Happy for Byzantine but aren't you talking a little bit off of the topic. The question was "What Is Bitcoin".

Well, BTC is a virtual currency that was created for big transactions by Satoshi Nakamoto (I only know his name and nothing else). It has no physical form and is very valuable due to which people call it digital gold. I can talk for days and nights about how great BTC is but the punch line is it is the best asset one can have in the present era.

They will all just say it is an online currency.
But are you happy with that answer? Does that suit the answer that you are looking for? Are you really looking at it as a currency?
I prefer commodity. Maybe I have a different opinion but that is how I see it. I cannot prove it as a currency unless I can use it like a currency.
Why do I need to exchange it to fiat just so I can spend it? That is the reason.
Isn't it like gold that needs exchanging first?

Bitcoin is a virtual currency it's a profitable site in online also secure.
It's helps to increase your money

Well, bitcoin is a digital currency and money that you can use in different kind of transaction like paying bills and many more. In addition to that, bitcoin is the new currency and it is the first cryptocurrency that has a high value on online market. Lastly, I think bitcoin is our future money.

Bitcoin is a form  of digital currency created and held electronically. It can be used in online transactions between individuals. It can be used in paying electric bills, sending money, etc.

Indeed. Bitcoin is an electronic kind of money that you may use in different transaction. Futhermore, using bitcoin can really help you to make and gain more income. Bitcoin is the father of all cryptocurrency and bitcoin is very profitable. Lastly, I think bitcoin is the new currency.

Actually, I certainly agree that bitcoin is a virtual currency or money because you can use in any transaction. As of now the price of bitcoin more expensive and I think it will become world currency. In addition to that, bitcoin is a new currency because some people start to use it in any transaction.

Bitcoin is the first global, decentralized currency that allows you to send money from one person to another without involving a third party broker, such as a bank. You only need your computer to make transactions because Bitcoin is fundamentally software.

Bitcoin is an essential and important thing It is a super useful thing, bitcoin can change your life specially your financial status bitcoin can make your time and effort productive. Through bitcoin you can makr your time and effort good.

If you ask me, it is an invention that made big transaction fast, easy and cheap. Basically, it was used for those that's but with time the users were increased due to the facility it gave to transfer money to any part of world causing the price to rise with time.

On me personally, Bitcoin is a new breakthrough for making money or as an asset to boost personal finances in a more modern way and close to the evolving and growing advancement of internet technology on today's era. This digital currency is able to prove to reduce poverty i guess, peoples who aren't working anymore, already many who can earn money from bitcoin earning.

Right .... I also have the same opinion, bitcoin is the digital currency and this is a new breakthrough, fortunately we already know bitcoin from the beginning.

bitcoin is a cyberspace currency, in which its function is almost the same in general as the world currency, which distinguishes only bitcoin can be used for long-term investments (like gold), and money can not be invested  ;D

I don’t know who even came up with the idea of saying bitcoin is an “internet money”. That sounds meaningless to me.

You rather say bitcoin is a digital currency or a tech. stock,  than use internet money or explain. Bitcoin has to do with a lot of things,  including peer to peer transaction known as p2p, saving money (same as you do with saving money in gold), it can be an alternative to bank, because it does and offers features that are similar to a bank. This is just a little, there are even much more that bitcoin has to offer.

Most of us know bitcoin from the beginning, but in reality very few have a better understanding about bitcoin. This is all because of the nature of the bitcoin. Each has their own definition on bitcoin, from my view its the one that has a virtual presence and gives an earning opportunity.

Bitcoin is a new currency and unknown person who created its a world wide currency and can everyone used it. Bitcoin is most powerful form of currency and most popular currency its very important and useful especially in our daily needs. This currency is also best in investment and it gives chance to the people invest and earn easy money. Bitcoin gives good future to the people and its a big help to everyone, people and investor are invest in bitcoin because its profitable and valuable.

as i know bitcoin is the decentralized cryptocurrency using the internet connection, bitcoin as currency is easy to use in any transactions for the new technology of currency, and bitcoin helping to the people giving the new hope in life and the economy for the country accepted the bitcoin as currency.

Bitcoin is digital currency use in many ways in earning bitcoin so bitcoin is wide spread in the world today because of technology today so the bitcoin stronger and secure because it is encrypt. 

Bitcoin is a digital currency that is now popular in the digital world used by many users. It is treated like a real money because it can be used in transactions same to real money transactions. Now this form of digital currency helps everyone who uses it to have extra income they can use for their own personal transactions. It is continuing to be known by the public.

Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like the euro or the dollar, but it is only available in the digital world. It's in my opinion about bitcoin :D

well its a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

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. It give more informatiom for the future devalopment.

Creat by.
A software developer called Satoshi Nakamoto proposed bitcoin.

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.
It’s the first example of a growing category of money known as cryptocurrency. Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

Bitcoin is a virtual currency developed in 2009 by someone known as Satoshi Nakamoto. yet nobody really knows where it is. This currency is like fiat money, but only available in the digital world and the number of circulating is limited.
bitcoin as a digital currency has its advantages
1. Instant transfer in peer to peer.
2. Transfer can be done anywhere.
3. The required transfer fee is very small.
4. Bitcoin is not controlled by any agency or government

What is Bitcoin? Bitcoin is a way to earn money, and it is a sort of online money. You can invest in bitcoin and earn money, because bitcoin is still growing.

Bitcoin is a digital and cryptocurrency. It is the most famous and number one cryptocurrency in the world. Its price is very costly. Now its price 1 BTC equal $4,408.61 so bitcoin is now a popular digital currency.

Actually, bitcoin is digital money, asset and currency. Bitcoin is the first cryptocurrency and it is also the father of all cryptocurrency. In addition to that, as of now bitcoin become more popular and many people want to have that. I think bitcoin will become our future money.

Bitcoin is a kind of cryptocurrency that has the largest value among all of the cryptos.It is the moset popular and well known in the world of the cryptocurrency.Bitcoin can help you to save money,transfer money person to person,and have an great value of transfer and changed money.You can exchange these coins to any kind of currency that has the legalization of governments.

Nice, indeed if I see about bitcon have confidence that bitcoin is an excellent technology and will provide many advantages for everyone. But it all depends how they do or use the bitcoin, because something good is not necessarily going to be good or even better if the take over is someone who does not want to grow. Indeed knowing bitcoin earlier is a profitable thing, but if we don't have it just the same we just saw.

Bitcoin has started since 2008.
And now there are 1 number of online revenue.
It's going to increase the price of the day. I hope
The price will be doubled in the coming year.

Bitcoin started in 2008?!

I was under the impression it started in 2009, but apparently not? What source do you have that it started in 2008? Are you talking about the beginning of the development or the actual launch?

Bitcoin is a digital currency which also acts as online payment system in which bitcoins are used.

The idea behind the Bitcoin technology was introduced by an unknown person, under the pseudonym Satoshi Nakamoto in the year 2008. He released the software in the public domain in the year 2009.

The bitcoin system process transactions in a peer to peer fashion, that is, transactions take place between users directly without any intermediary like bank, credit card companies etc.

Also, it is not regulated by any central authority and therefore, it is the world’s first decentralized currency.

for me, bitcoin is a very good digital currency to be an alternative payment that can simultaneously serve as an investment tool.

Bitcoin is the future of world currencies and nothing can stop them from replacing traditional currencies. Many countries have already legalized bitcoins because they know the damn potential of bitcoins about producing big profits ultimately stabilizing their state economy.

It is not the future, it is the present, it is the leader, the enlightener of our world. It is like a god of a people. I love it.

A very precise and perfect definition! It uses SHA256 hash and is very secure for this reason. Other than that, bitcoins is a source of income for many unemployed people and a great investment for the future also. Above all, it is the first crypto currency of the world.

Bitcoin is a crypto currency or simply internet digital currency which is using for a number of transactions now a days and it has developed people interest and the market value is more than dollar.

Bitcoin is a digital currency which also acts as online payment system. The idea of bitcoin technology was introduced by an unknown person. He is Satoshi Nakamoto in the year 2008. The bitcoin system process transactions in a peer to peer fashion, a transactions take place between users directly without any intermediary like bank.

Bitcoin was invented by Satoshi Nakamoto in 2009. Bitcoin is a cryptocurrency, or a digital currency, that uses rules of cryptography for regulation and generation of units of currency. Bitcoin falls under the scope of cryptocurrency and was the first and most valuable among them. It is commonly called a decentralised digital currency.

Bitcoin is an cryptocurrency which is not a physical money it is a digital form of currency. The bitcoin was launched in 2009 and it is invented by a group of unknown people. After that the bitcoin started to grow constantly now, which is used by many peoples from the all around the world. In the developing world the physical currency will be replaced by cryptos in future so invest today on bitcoin and enjoy your future

Bitcoin is the first digital currency throughout the world - meaning, it is created and held electronically (i.e. computers). The good thing in bitcoin is that it is decentralized - meaning, it has no central authority, no banks, and you will not be charge of any transaction fees. Also, bitcoin is received, stored, and sent using bitcoin wallet.

For me bitcoin is networking. Before I used bitcoin I'm so confused, I have a doubt here in bitcoin, why? posting is the main work and it is very confusing you earn money if you are posting only? Other people used bitcoin because most of them have no work so they used the bitcoin as their income.

I agree and also think that bitcoin is a virtual currency not unlike any other you might have come across while playing online games. Bitcoin is also a digital currency that you can only gain if you join in any signature campaigns, play gambling in gambling sites, investing on bitcoin related businesses and also in trading. That's what i know in bitcoin because i'm just a beginner.

bitcon is money that shaped digital but full, at work with internet and online in process with digutal. all because of the era that is sophisticated or advanced, so everything in the process with digital more secure and maintained. The goal is the same for income and improve intelligence or make smart for those who wear.

All I can tell you is Bitcoin is the Future. The Future is now. You either get in or not. Either way, it will be thriving for years to come.

On my opinion Bitcoin is a virtual currency that helps people to get money gain ideas it is where they rely to survive everyday , it is their hope to change themselves in a better one, this is the only one virtual currency that is easy to transact money in different cash machine this is the only currency that I love the most.

BitCoin is a digital currency or you could label this as Virtual currency as it is not printed. This means, no legal printed notes issued by any State bank of any Country.

It is good for the economy but please note that many countries do not consider it "Currency". For example China has banned BitCoin exchanges in last few week.

Bitcoin is a digital currency...  It can change anyone life because its value is daily rising..There is no printed note of bitcoin

For me it is change for Kinds to know more about money and earn money for college . Better than other works

Yes its true bitcoin is actually a digital currency and it work same as like other currency but there are a lot of more things which is not available in other currency in bitcoin you can do a daily trade also you can invest here and in this forum you can learn a lot of things about trade, mining, investment bitcoin is also different form other currency just because of his high price.

for me bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Why do these repetitive, generic threads always come up every month? I swear that an identical thread already exists, why don't we merge them both or delete one?

for me 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.

Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

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.

Yes it’s true that bitcoin is a digital currency not only it’s going to change o life of people but its also going to provide a lot of things to learn it really give a lot of knowledge to the people and more than that bitcoin price is also high then other currency bitcoin where provide knowledge on other hand it also make a life easy for all of his users.

Bitcoin is like an online gold or diamond. You mine it by working and posting here in bitcoin talk.

Bitcoin is that type of money which you can't touch. But this can make you billionaire. This can change your future. Bitcoin is very helpful to us. You can pay any bill by Bitcoin. Bitcoin is a wonderful way to earn beside your job.

Bitcoin is a soft currency which you can use by investing in it or by earning it.

Bitcoin is the fastest growing cryptocurency. Means it is money but in digital form with its own value which keeps fluctuating according to the markets ups n downs. Its a nice investment platform and very popular transaction method these days.

bitcoin is digital currency created by satosi nakamoto,bitcoin is like fiat money can use payment in store, market and mall then bitcoin as an investment in future its more profitable than gold, property etc

Bitcoin is one of the most important invention throught history and bitcoin will be the only currency in the future. For that reason, Bitcoin is future and everyone must use  bitcoin from now.

Actually, bitcoin is a digital money or currency in online market. In addition to that, bitcoin is the first cryptocurrency that has a high value in online market and as of now bitcoin is become more demand in market and its because of the price and the money that you could get if you use bitcoin.

crypto currency is a type of currency  and bitcoin is a crypto currency which is also called digital currency. bitcoin is a type of currency that you can used in various places specially for online marketing while you can also changed bitcoin to your own currency.

bitcoin is the first currency in the history of crypto that have a highest rate in all coins.because of this bitcoin is going increasing very quickly in the whole world.

Bitcoin is a sign exchange traded by Open Source Cryptographic Protocol. In 2008, satoshi naakamoto introduced this currency. Bitcoin transactions are either consumer to customer's computer or mobile. All Bitcoin processes are completed through a web site online.

Bitcoin is first of its kind, it is a crypto currency or simply a digital currency.Bitcoins are decentralised which means that government or any other organisation has power over bitcoins, bitcoins holders are free to do anything with their bitcoins without any restrictions this feature is one of the reason why bitcoins has became famous.Bitcoins also hides its users identity during transactions.Bitcoins can be said currency of future and its price is also increasing like anything so it will be also a great investment in long run.

Bitcoin is a consensus network that enables new payment systems and money that are entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without any central or intermediary authority

In my opinion, bitcoin is a digital currency that costs more than local money. Bitcoin is called digital money because it gets from internet via PC. Getting bitcoin from internet on this site is very trend now, it can be said also being popular. Even in some countries have a lot of sell and buy using bitcoin.

This is truth that bitcoin is not the actual currency of money because it is that medium of the transfer of your money from.one part of the world to any another part .
Here in my opinion bitcoin is a written data which is highly secured and no one can destroy it or can change it , so we have trust with the bitcoin data in the online algorithum program and we have trust with each other that we have the internet data which has a better value and we can easily use it for the making buy and sell of thing and even we can easily exchange for the for Money .
So finally we can say that bitcoin is an option of the medium to spread our money and collection of the money from worldwide level .
So here I think it would not be better for us to say that it is a way to amke earnings , but it makes us ease to earn Money .

Bitcoins is crypto currency (internet money) so as the world is trending towards e commerce and online banking or transfer money so in this regards bitcoin is an emerging form of money which one will transfer or save it for ease of online business or trading.

I think that bitcoin is some sort of a crypto currency that is common on banks, credit and debit card.

Bitcoin is the first digital currency and a virtual money, a peer-to-peer technology and a digital payment worldwide.

For me what is Bitcoin? I think Bitcoin is internet money that comes from online transaction of  severals investors. The one thing that I really known about Bitcoin it is first digital currency in the world.  It is also a virtual money.

guys i am new to all this crypto currency world also to bitcoins .. so please anyone explain me and others like me how to buy bitcoins and other coins .. or if this question is already answered then please give me link of thread where it is explained . thank you .

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.The bitcoin network is designed to mathematically generate no more than 21 million Bitcoins and the network is set up to regulate itself to deal with inflation. Bitcoins can be spent by initiating a transfer request from a Bitcoin address in the customer's wallet to a Bitcoin address in the vendor's wallet.
 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.

It is first virtual currency or not i don't know but when this bitcoin arrived many people are learned about virtual currency. Bitcoin is one type of future asset if we invest now definitely it will give us good profit in future. And Bitcoin is fast transferring money with low fee. We can transfer a big worth of bitcoins without paying any big fee. So overall it is worth to use it.

What is bitcoin?
well in my case i would say that its something that will be more valuable than gold in the future. In short, its a portable-money-substitute. Something u can carry virtually, u can even have thousands of dollars with you without anyone noticing your fat moneybag.

So far I know that this type of thread I have visited before, whatever the case, Bitcoin is just not a currency for me, Bitcoin is like a capital formation, the behaviour of Bitcoin is alike of Bitcoin so I call it is a capital. day by day Bitcoin is becoming a popular platform that helps people to make money.

I think bitcoins are more like ;

Bitcoins are known as a cryptocurrency, and cryptocurrency means currency that is not comparable to fiat but is soley based on the internet, I take cryptocurrency similar to stock market and I understand that bitcoins do hold a fixed value whose value is decided by the demand rule of the market, its not comparable to fiat but its a means of investing like gold.
Bitcoins are not fixed they are also decentralized that means that the market value is decided by no one !

Bitcoin is a digital currency that is known in the whole world, and also this bitcoin can be earned easy.Bitcoin can be transfered from person to person, and also bitcoin can be stored very easy and safe. Bitcoin can be change into a currency in every country that legalized bitcoin, and it has a very large amount and in US dollars it amounts 5k up dollars per 1bitcoin. And that is a very good amount. So thats how i introduce btc.

Bitcoin is a consensus network that enables new payment systems and money that are entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority. From the user's point of view, Bitcoin is similar to cash in the internet world.

I think bitcoin is money that is digital and useful to everyone because it has abundant features, like no tax deductions, fast delivery and many more

Bitcoin is a crypto coin. It has started since 2008. As long as its popularity is increasing, its popularity is increasing. It seems to me a gold deer.

You are right and there is so much to bitcoin that will amazes everyone that has it because it offers convenience like not available with fiat money. For instance, if you want to join online gambling sites that only accepts fiat money, you need to send them some documentary requirements to prove your identity while with bitcoin, you can join in a matter of minutes and there is no such identification requirements and all that..

I think bitcoin is a cyber currency whose price keeps rising so it is suitable for investment, but many countries are banning it because it is anonymous,

bitcoin is cripto curency or digital money can be called internet money most internet enthusiasts use to utilize online stuff to compare it with fiat it's better Cheesy like controlling by government and also do not have tax every time you have income government can not elimanasikan taxes on it are a bit of a burden especially those who get bitcoin in large quantities. Because it can not be controlled by the government at all. Also the most popular and desirable crypto currency.

Bitcoin is onekind of CryptoCurrency like Dogecoin Altcoin Litecoin etc. Bitcoin one kind of digital money which you can access anywhere with the help of Internet. Bitcoin helps people to go cashless while they are shopping their goods. Bitcoin solve unemployment issues in many countries. You can earn bitcoin by joining some signature campaign and by trading it or mining it. Their is no need to pay tax when you income money through bitcoin. Bitcoin become a financial supporter of many families

Bitcoin is a consensus network that enables new payment systems and money that are entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority. From the user's point of view, Bitcoin is similar to cash in the internet world

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.It’s the first example of a growing category of money known as cryptocurrency.

Bitcoin it's a digital currency. It can be spent only once per owner and only by the person who owns them.

bitcoin is a digital currency that serves as a means of payment transactions through online, and for now bitcoin functions have not been much for payment transactions in my country due to limited facilities that provide the means of the transaction.and slightly more often used for business purposes such as trade and investment

Bitcoin is something like that a digital asset or digital cash. Bitcoin transactions are made with man to man , there is no middle man such as banks. That's why there is no transaction fee  :).

It is the first decentralized peer-to-peer payment system supported by its users without a central authority or intermediaries.  No one controls the Bitcoin network as no one owns the technology behind the email. Bitcoin can also be seen as the most prominent existing triple entry accounting system.

Bitcoin is a kind of work thats looks like a game that you will take time to make it level up and most of your time will be in bitcoin, kind of addictive job that would not take your regular work and unlike regular work it earns easy as you will post and take time to wait just to be patience and money will be Come in unpredictable time.
Also bitcoin is kind of money that comes up through net.

Bitcoin is all about digital currency that serve as a payment transaction. They're solve the employment issue in our country.bitcoin is the best way to help people how to make a money.

bitcoin is the digital currency and it is the modern world crypto currency which is very precious and famous in the present time. Bitcoin is the internet forum which is not controlled by any body it was started by satoshi and no body have seen him still there are large scale businesses are increasing through this crypto currency and it is very profitable for them

Bitcoin is a Digital Currency, which was made as an other option to the money we know about. Essentially, it is a cash which isn't overseen by a national bank, so no national bank/Government controls or manages the money, it is controlled and directed by the proprietors of the cash itself. As the cash depends on an open-source code which can be inspected by anybody.

Bitcoin is a online currency. This type of currency is called cryptocurrency. It was created in 2009. It runs it's system in online.This coin has a decent price which can increase or decrease. Anyone can buy or sell bitcoin or exchange it with other currencies. Now it is used worldwide in online payment system. One can give or get any online payment through bitcoin even for pizza. As it's price increases one can make a good profit with this coin.

yes i am following your answer that bitcoin is a digital cryptocurrency which make a lot of people future by investing in bitcoin and also investing in bitcoin giving a lot of information which happened worldwide and which make a person aware from everything which is also a good thing about bitcoin i like.

Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Rupiah or Dollar, but only available in the digital world. The concept may be like eGold, though in fact it is much different.

Of course bitcoin is a currency with no fix or stable price. Most of people use this currency to make some profit and other are using for normal sale purchase of online goods and some for paying money in bitcoins for services. Then there are traders who buy it at low price and hold them until the price go up and sold them to get more profit .Its a mother of Crypt-Currency. Its easy to get them online and its my favorite currency. ;)

For me the bitcoin is my past time or hobby because when im bored i post here in bitcoin. The other people think to the bitcoin is money, but not only money are the topic here in bitcoin.

Bitcoin is a decentralized digital currency. People can purchase anything from any online shop through Bitcoin. There are no transaction fees and no middle man.

Nice one for a newbie like you to clearly explain what bitcoin is in the community. Although it does not necessarily mean that when you are just newbie in the forum, you are also new to bitcoin - of course, there are bitcoin veterans out there that have no accounts here. I am just happy to read quality posts here from a newbie like you mate.

For me bitcoin is a digital currency that consist in the blockchain and on the cryptocurrency and can convert to fiat  money or real money, its not like online games that you might across while playing because the technology of bitcoin is so much stronger. And many people say bitcoin is just for fun and just for our needs to buy what we need and what we want but for me bitcoins is not just for fun and just for our needs because bitcoin for me is the future that's bitcoin for me. How about you fella?

Bitcoin is a digital currency which was created by an unknown person with an alias of Satoshi Nakamoto. Transactions are made with no middle men,.meaning it is decentralized and not manipulated or controlled by anyone. Some people used Bitcoin as an investment, taking risk and hoping they'll go up or increase in value.

No one is clear about the vision of bitcoin or the objective with which it has been innovated. It is an open network that functions flawless backed by the blockchain technology which gives life to the asset. Initially people didn't had a good opinion upon bitcoin as well the technology later has grown high with the goodness it provided through different form to the people who believed in its potential.

I think bitcoin is international a currency. it desn't spreadet to all worl but All world know this money so ıt is not just ınternet money ıt is a global monay. All of us can use easily btc.Btc will improve it self I belive that.

Everyone has their own definitions of What is Bitcoin, like according to some people it is a way to get rich instantly , some people see it as an asset which will provide them good returns in the future, some think as a commodity to buy other alt coins and so on. But the real use I think and I have founded is to have fast transactions of money over the globe, from any country without the need of banks or companies like PayPal.

I agree with you, bitcoin is internet money arguably a new payment alternative that is very easy and fast development.

Bitcoin is virtual currency and good asset.bitcoin is good for fast online transactions.bitcoin price always changes.bitcoin is very transparent,many countries accepted the bitcoins.bitcoin is word wide currency.

I think Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.

Bitcoin is a digital currency, earned and invested online saved is digital wallet. It can’t be said that it is virtual money because it can be used for buying and selling and is invested so it is real money but in digital form. It can be used only when you have a connection to internet.

It has many features in which the foremost is that it is anonymous and is quick, easy and simple to be transferred and give upto100% profit.

in my opinion, bitcoin is the currency online.
But are you happy with that answer? I can not prove it bitcoin as currency, unless I can use bitcoin like currency. i need to exchange bitcoin with fiat so i can spend it? That's my reason, bitcoin is the online currency, and bitcoin is not like gold that needs to be exchanged first.

For me, I Think bitcoin is a form of cryptocurrency and digital payment system. and bitcoin also created digitally by a community of people that any one can joined. Bitcoin also can be held as an investment, they are million unique users using a cryptocurrency wallet mostly of them using bitcoin.

Bitcoin is a mode of payment and bitcoin is not a fiat money but this is a digital currency that cannot handle but you can convert it into real money !fuat money  i know that bitcoin is our future money so keep holding this and become rich someday.

Bitcoin is a virtual currency which is called cryptocurrency. There are other crytocurrency now existing in the market like etherium and xem. All of this cryptocurrency are used in paying bills, buying load, and other transactions online even stocks like poloniex and bitrex uses this type of cryptocurrency. It replaces the traditional money and removes third party in transfering money

Bitcoin is a decentrelized online currency. It is easy to transfer. But it is not available in all the country of the world.It is true that bitcoin is depends on internet, if Internet goes off it will also off.But it's not possible. I hope it will be the best always.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It is the number one in the whole world.Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

Bitcoin is the new type of crypto currency as of now. It is also being g named as a digital currency by many people. Users are really loving the use of it because it is very beneficial to people. It is also coined by Satoshi Nakamoto.

For me bitcoin is a hope for us because bitcoin can give a money to buy anything and i think because of bitcoin many people become rich someday if they believe in bitcoin.

For me bitcoin is a money for people need or help for us so that some of people thanks of this forum because he\she give a chance to become a rich..

bitcoin is digital money, it has many benefits for the user, besides it is risky for the investor. From the internet, one can earn bitcoins by many ways.

Bitcoin is a CURRENCY same as dollars. In every country the value of bitcoin is equal. Value of bitcoin is changing/flactuating just like the other currencies world wide. In my opinion, bitcoin can be a good world wide currency because its value does not change worldwide.

Bit coin is the first digital currency which was born in 2009. This gave the birth to crypto world. Now bitcoin is the main medium of crypto currency.

The currency not presented as coin. Online money that is not issued by any authority or treasury, neither can be control by them.

Bitcoin is a cryptocurrency, the first and still the biggest example of its type. At its core, it’s a new form of digital asset, created through a canny combination of encryption and peer-to-peer networking.

If you own a bitcoin, what you actually control is a secret digital key you can use to prove to anyone on the network that a certain amount of bitcoin is yours.

If you spend that bitcoin, you tell the entire network that you have transferred ownership of it and use the same key to prove that you are really you. In that respect, your key is similar to a password that allows you access to your money, except with no possibility of resetting your key if you lose it. Anyone else who manages to discover your key would gain total, irreversible control over your cash. The history of all the transactions made is a lasting record of who owns which bitcoin: that record is called the “blockchain”.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.

all bitcoin users already know all if bitcoin bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Rupiah or Dollar, but it is only available in the digital world. The concept may sound like eGold, although it is actually much different.

From what i red in the blog bitcoin is a cryptocurrency and created by unknown person named satoshi nakamoto in 2009.bitcoin is digital currency you can transfer money with no middle men and no fees. You can buy and eat without money but using bitcoin. From the blog says bitcoin is the next generation currency. Thats what i know.

Everyone has their own definition what bitcoin is, but for me, according to what I've read, bitcoin is a new currency that was created by an unknown person. It states that transactions there are made with no middle men, which it means that no need some banks. We also don't need to give our real names.

Bitcoin is the new currency that is digital based. It can be use in paying bills and loads online.

There are big media platforms that can be accessed for information. Bitcoin is a form of digital currency, stored and used electronically. A lot of cryptocurrency are now emerging but the originals are Bitcoin. Also, it is never too late to invest. one of the best is Ethereum.You may check this link for more information: www.propthereum.io

yes, i agree with you bitcoin is internet money. Although the existence of bitcoin is amazing but without the internet it will also be just a name. Bitcoin is more powerful than just an online game that satisfies our fondness but bitcoin will make more money.

Bitcoin is internet money, it can also be called virtual currency. Computer Internet By trading it is obtained by trading. The most important
thing is that easily anywhere in the world Can be taken in your wallet and buy anything you need.

I like how this definition is pretty straightforward especially for someone like me who is not bitcoin literate just yet. 👍🏻

Bitcoin has started since 2008.Bitcoin is a digital currency which also acts as online payment system in which bitcoins are used.This type of currency is called cryptocurrency.This coin has a decent price which can increase or decrease. Anyone can buy or sell bitcoin or exchange it with other currencies.

Yes bitcoin has been explained well enough by you. Adding to the details I want to say that it is a form of digital currency that has been introduced by a group of people that consider themselves as satoshsi Nakamoto and it is now being widely used by the people for the sake of transacting their money safely through the borders without any traces left. Moreover, it a price is volatile and it does not belong to any one country.

The bitcoin for me is a job here in internet or networking. I used bitcoin for my income, Here in bitcoin I earned money by posting. The other people used bitcoin for their past time, but the most common used of bitcoin for other people is income. I used my bitcoin to help my parents or family to their expenses or daily needs. I pay our bills like bill in water, bills in electricity and my rent house. So the bitcoin is very important to me.

Bitcoin is the electronic currency created by satoshi nakamoto.

Bitcoin is an electronic moeny made in 2009 . Bitcoin is also associated with the open source software that he designed , and also uses p2p network whithout centralized storage because the sistem is decentralized ,the acount of btc is anonymous. And the best part is bitcoin can reduce unemploeyment bitcoin offer many way to get income . By trading invest join bounty and signature champagin ect.

Bitcoin is a worldwide concurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. Bitcoin is internet money

Bitcoin is the next future of payment system that we have right now. Bitcoin is a decentralized cryptocurrency and it has a fast and reliable network which is called blockchain that is very trustworthy and one of the best thing in the internet because with that network in bitcoin, it makes the transactions faster and secure and also transparent.

Bitcoin is the first cryptocurrency an ld it is a digital money you can use this to transaction very fast because it peer to peer actually bitcoin is money because you can convert it into fiat money / real money to buy anything that you want.

Bitcoin its a decentralized crypto currencie, considered and used for a few as a store of value, bitcoin transactions arent cheaper neither fast as we do are able to do with credit and debit cards, its something bitcoin cant make it happen, instant transactions and tiny fees. Bitcoin does represents freedom, where we can moove anytime and any value into any direction without ask permission to make it.

Bitcoin is a digital currency and also called crypto-currency that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

Its a era.its a hope.its a trust.its a vast thing that you cnt describe with words

Bitcoin is cryptocurrency.it's a digital currency also.in this crypto world bitcoin is the king of coin.thank you.

Bitcoin is the first digital currency worldwide that was created in 2009. It is created and held electronically like in computers. Bitcoin is the origin of all cryptocurrencies existing nowadays. The good thing in bitcoin is that it is decentralized, no one controls over it unlike in a bank and any transactions made in bitcoin are free of charge. Also, bitcoins received will be stored in a bitcoin wallet.

Bitcoin is a hope for everyone. It is also the new currency that is digital based. It can be used in paying bills, paying online shopping and loads online.

Bitcoin is a digital currency of crypto market that can be transfer to another person without a bank account. In fact Bitcoins are not issued by any bank or government, So people wants to keep it like gold.

Is The world's most famous crypto currency (internet money) which can be converted into fiat money. You can get bitcoin through the internet.

Of course, everybody will tell you that this is the first cryptocurrency that has managed to grow from several cents in 2009 to over $8000 this November. For me Bitcoin is a sense of freedom, freedom from taxes and the way to earn for living.

Bitcoin is the universal currency, you are able to use who you are, even you are Pilipino,American is anot a matter.

Bitcoin is digital money that's allowed to use as means of payment specially in online shopping. Bitcoin is easy to use, easy to send and to receive with other where they are.

I think only the lazy does not know what bitcoin is. And most who know consider it a bubble, but nothing will take another 5-10 years and it will be the main method of calculation in the stores. I believe.

Bitcoin is a digital currency which is decentralized that mean is not under any authority of central bank of any country,

Yes, It is a digital cryptocurrency wherein you are able to purchase something that you need through online. It is money in the internet wherein you can change it into a real money. It is really easy to use and working in here you can gain much income that you can give to your family wherever they are.

Bitcoin is the world's famous crypto currency. Where you can change internet money into fiat money. Created by the "satoshi nakamotoS"

for me about bitcoin is important because of this you can raise money even at home and it can be very helpful in family and in
You and your children will inherit it with my children

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.

Bitcoin is a form of digital currency, created and held electronically. An Easy and fast way to earn money. It's decentralized, bitcoin network isn’t controlled by one central authority, transparent and use for more transaction over the network.

Bitcoin is a kind of cryptocurrency that can use to earn and as a source of investment.

Bitcoin is the currency of the future, where everyone easily gets it, and bitcoin greatly facilitates its users to transfer money quickly and accurately, as well as it's business as well as other things ...

Bitcoin is a digital currency. It is also know as cryptocurrency.it is internet money.this is easy and fast way of saving money with the help of Internet.

At its simplest, Bitcoin is either virtual currency or reference to the technology. You can make transaction by checking wiring, or cash.Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the block chain.

Bitcoin is decentralized, anonymous, easy to setup,tax free and totally transparent. It is so fast and as currency used on different websites as well.

bitcoin is another opportunity to become independent and to live in prosperity...and also to practice our analytical mind)

I agree that bitcoin is a virtual currency not unlike other that you might encounter while playing online games.But on my opinion, bitcoin is a decentralized truth ledger that there is no central authority which controls over bitcoin except computers. Bitcoin is one of my best way to earn money by converting bitcoin over fiat.

Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Rupiah or Dollar, but it is only available in the digital world. The concept may sound like eGold, although it is actually much different.

As far as i know its a currency and it have no fixed price .Mostly people buy it and hold them until the price rise. There's a lot of way to gain bitcoin like Signature campaigns, Trading, Mining or even gambling etc .Its a digital currency and mother of all digital currency. After Bitcoins people develop a lot of altcoins but none of them matches the bitcoin.

Bitcoin is an Internet money or a virtual money which means it is not tangible. It can be mined in computer with the use of Internet. It has no fixed value so it is always changing.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.

Bitcoin is a number one digital currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.A very safe currency

There is a transaction fees in every bitcoin transactions you make like sending bitcoin to other bitcoin wallet address and depositing it to trading platforms or online casino sites where you want to play or gamble. However, overall bitcoin is just awesome.

is a digital currency created in 2009 and its creation schedule is c ++ the creator is unknown and the good thing about this is decentralized and open source ;)

Bitcoin is an unidentified currency but has a face value in the market
It is created by the belief of man ??? ??? ???

Bitcoin is the King of all the cryptocurrency.

Bitcoin is gold internet money (cryptocurrency) run under the unique and strong block chain. This is considered as payment transaction on other countries.

Bitcoin is a cryptocurrency the first decentralized digital currency or it is like a job in many people.These transactions are verified by network nodes and recorded in a public called a blockchain.It is used also in the online transcations like paying bills and etc.It is invented by people that is unknown.Bitcoin can also be held as an investment.

bitcoin is digital currency of the today's world.it is more popular than any other currency.it has a plenty of use in online games,trading and other services.it is also a peer to peer network which makes it more famous.

Bitcoin is an innovative payment network and a new kind of money.

I agree with you that bitcoin is a job for many people because this is the way for them to make more money because of the different opportunities to have a job and source of income in bitcoin. Bitcoin is a really great opportunity for almost all things from being secured currency to great investment and also for becoming a very high income kind of work because you can earn up to x5 of your average income in the real world.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.

full source here.
https://en.m.wikipedia.org/wiki/Bitcoin

SATOSHI  NAKAMOTO, the god father of bitcoin, is the founder of bitcoin and became the 247th richest person in the world because of his invention. Bitcoin is a virtual currency and most famous among all cryptocurrency. Though not under governmental panel, this bitcoin has gain the valuation of more than $9k. Bitcoin being the online mode of investment, provides employment to millions of people. Bitcoin is simply a internet money where one could buy and sell their bitcoin according to their profit.
Overall, bitcoin is a boon for the planet.

bitcoin is a internet currency used by many things and can be used in good and bad its a money based coin where you can trade it for money and earn with other bitcoin productions like (mining,investing,trading etc.)

Bitcoin is a cryptocurrency and worldwide payment system.
It is the first decentralized digital currency – the system works without a central repository or single administrator.The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary.These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

Bitcoin is a virtual currency not unlike any other coin you might have come across while playing online games, except the technology is much stronger.

Bitcoin is a type of currency that is traded through cryptographic protocols. It does not have any organization for transaction control. This is a complete open source project. Satoshi Nakamoto, a gentleman who discovered this coin in 2008. He called this currency as peer-to-peer. All types of transactions are stored in the name of Bitcoin Miner. When it is transmitted from any computer, the data on its central server is automatically updated. Now its popularity has increased greatly.

Bitcoin is a digital currency that has grown almost 8 times! On which you can earn and work well in life

Bitcoin is a digital currency and the future of payment system

Bitcoin is a digital currency and you can use this coins to buy goods and products online. Bitcoin is also good for long term invest and why ?, the market is volatile and we never knew when will be the pump or dump of each coins so most of the traders are reading different news and articles in order to make a good decision when they will get more profit.

We all give different definitions on what bitcoin is, it usually depends on how it gives us benefits. We are all aware that bitcoin is the most popular cryptocurrency and it is the very first one. To give a clearer explanation, bitcoin is a cryptocurrency or a digital coin that has great features like having global payment, fast transactions and being decentralized and it is one of the reason why it is very popular.

For me Bitcoin is the largest cryptocurrency that has a chance to change our future it can be our second currency in the future. And will change our perspective on online transactions.

In my opinion,BITCOIN is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.

What about paypal and perpect money both using the internet.(online)
I would rather say that Bitcoin is a decentralized, free currency without the other's role.
Everyone has the right to access their transactions data.

bitcoin is a digittal asset that is used as a tool (payment system) but along with the growing script and emerging new coins that are released after the success of bitcoin. and bitcoin began to trade .. because the price is skyrocketing ,, many new rich people who succeed through the trade bitcoin

Bitcoin is a cryptocurrency and worldwide payment system. It is the decentralized digital currency, as the system works with out a central bank. The most advance cryptocurrency exchange. That can be used for online transactions between individuals.

For me, Bitcoin is a payment system having more benefits as compared to that of traditional fiat system. I was using popular international money transfer service but it was charging me excess amount in terms of fees/exchange rates etc but when I shifted my (income) payments, I have noticed significant savings in the cost of transfer so for me it is a better payment system.

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

Bitcoin is a secure and safe way for you to send money to anyone anywhere in the world for the cost of a few pennies, instantly.

But i think that doesn't mean it will continue to be more benefit, because considering the price is easily changes, so sometimes transaction costs would be highly in a certain time.

in my own opinion.,bitcoin is the way to invest money and to earn money.,

Bitcoin can be understood in many ways to include the different version of definitions from wikipedia to several dictionaries available online. But I think for a beginner it would be so hard to understand what it really means especially when such person doesn't even know much about computers. So I'd like to suggest that the definition should be the simplest way possible. How about this "the equivalent of the paper money that is used to buy products or pay services online" which is because of course we cannot send the actual paper money online. Or any simpler means? Maybe anybody can add.

yes.There are many things to know about bitcoin. I know myself a bit.
Bitcoin is the virtual transaction system. It is a transaction on a computer network or it can be called internet money.

It is very strong. It is increasing demand. You can do everything of bitcoin with whatever you need. It is a fast transaction system. It is easy to deal with bitcoin.

The simplest definition of Bitcoin is "virtual currency". Full, Bitcoin is a virtual currency that exists only in digital form. It is neither governed nor influenced by any government regulation or financial institution. If so, then Bitcoin, although functioning as a means of payment, it does not have a physical form like a sheet of paper money or coins in your wallet. But the function is the same, as a means of payment. Bitcoin can also be cashed into the official / conventional currency.

In its role in the process of buying and selling, Bitcoin can be an alternative that offers a number of conveniences. Using Bitcoin each party may keep the privacy of the data held for each payment. Consumers no longer need to inform personal data and financial data each time an online transaction.

Agree but that's what the reward is given. Bitcoin is volatile in nature and still in the development phase so if we are holding it then we are bearing the loss when price decreases, similarly we expect profit when the price increases. High risk give high returns, low risk give low returns and it will take much time to expect stability from it but that should not be the reason to avoid it, even though the decision is based on the risk profile of the user.

Bitcoin is the first cryptocurrency. This is made by the technology that can convert thru real money..

Bitcoin is a digital and the first currency, it was invented under the name of Mr. Satoshi Nakamoto and created in 2009. Bitcoin can be transact all over the world with out knowing the identity of individual also.It has the most highest value and the top 1 of the list in the coinmarketcap.

Bitcoin is a currency in digital form that can be converted into local currency in general, can be used as a means of buying and selling transactions.

what bitcoin is for me to say that I'm just a bit new here bitcoin is important and it's great to help me and you let us take care of bitcoin because it's great for net profit bitcoin.

Bitcoin is the more popular cryptocurrency, with blockchain technology, of a decentralized nature.

Bitcoin is a good business, we just invest a small money and can earn a big money. With bitcoin we can change our financial and life way.

As general Bitcoin is a digital / virtual currency that circulate around the internet. It can be stored in digital wallet that is secured by our private keys and other secured passwords to be able to secure it from hackers. It can be use as payment in different transactions as well it can be an investment. It is a very good investment because of the higher income possibility. Thats why i keep on investing specifically for long term to be able to generate good profit for my future and for my family.

as I know, bitcoin is digital currency which available on the internet and many people right now use bitcoin as their new investment. bitcoin itself could be a new source to make money for many people and now they open their eyes just to see that bitcoin exists among them without any difficult to buy. we can buy bitcoin at many places especially in localbitcoin and we can directly buy with the existing seller in that site and they can send the bitcoin to our wallet.

for me in my own opinion bitcoin is a a virtue that can change your life it is one of business that you can give your trust and also a business that you can invest your money and your money that sure it will grow thats how bitcoin really can change my life ,

BTC like money can use for transaction and BTC have high value and can use for business and much more and BTC popular and world know about BTC

for me bitcoin is our future currency because it is decentralized.  in the future bitcoin will be used as a payment global because it is already legal to all country.

bitcoin is a digital currency, digital asset, that you can use for payment, investing, and trading.
You can read many information on this forum about it.

Now a days, bitcoin is most important decentralized digital currency and secure payment system and bitcoin is the first online currency all over the world. bitcoin use blockchain technology i think it will be future money.

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized[a] digital currency. Its conception is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009

Bitcoin is an internet money and we can use it to buy products online just like credit cards. Bitcoin is also good for long term investment since the value is increasing as the time goes by depending on the markets flow, there is no doubt that bitcoins is an asset but still we can call it as a currency.

I think bitcoin is a place where you can invest a little money and get huge payout.

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency. Its conception is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.

We all know that bitcoin is a digital currency this means that bitcoin is design
only for people who adapt digital technology.

BitCoin was first, and thats what give it a power to grow. There are many new cryptocurrency projects like Nebula Network which are much innovative, faster, with solid backing etc., but the market is young and most of people know only btc :)

Bitcoin is a cryptocurrency and worldwide payment system.It is the first decentralized digital currency .

Bitcoin is one types of crypto currency.Maximum online marketing system depending on bitcoin.The Bitcoin make a chines man who's name is Satoshi Nakamoto in 2009.People can make lots off money by bitcoin if he know about this properly.People can treading with this and make huge profit within few time also can shopping via online using bitcoin from sitting at their home.Most interesting thing is nowadays many countries bank accept bitcoin by this facilities people can exchange their bitcoin easily with their own currency.

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency. Its conception is peer-to-peer and transactions take place between users directly, without an intermediary.

Bitcoin is actually a digital money that can be access using your own gadget such as android phone, laptop or desktop computer. Also you need a internet connection before you can access it. It can also be your asset since it is money so you can earn it by your own knowledge as long aa you have kniwledge on how to earn it. There are so many ways of earning that kind of cryptocurrency.

Bitcoin is a type of digital currency and the first decentralized digital currency. Bitcoin is a worldwide payment system, it can be used for buy or sell items from anyone or companies that accept bitcoin as payment. Its not a physical money, it only exist online.

bitcoin for me is a job where I earn a lot of money even though I'm in my home and I take care of my child, I'm overwhelming the other people working in bigger companies who are earning money because I'm still at home.

This is the defination about bitcoin.Bitcoin is a digital currency and also called by crypto-currency that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment .Bitcoin-to-Bitcoin transactions are made by digitally exchanging anonymous, heavily encrypted hash codes across a peer-to-peer (P2P) network. The P2P network monitors and verifies the transfer of Bitcoins between users. Each user's Bitcoins are stored in a program called a digital wallet, which also holds each address the user sends and receives Bitcoins from, as well as a private key known only to the user.

I like how you want to help those who don't know much about bitcoin but i would be glad to share some information about bitcoin base on what i have learned here in this forum. What is bitcoin? Internet money, digital currency, bitcoin is generated when one person buy with the use of fiat money, bitcoin is decentralized which means no one control the flow of bitcoin. Bitcoin had it's value because of fiat money.

Bitcoin is digital currency that can be convert into cash, and that cash can be tranfer or send to your relatives. Bitcoin is digital money is so easy to transact and to invest, you can buy load or paying bills by using this digital money.

Bitcoin is on the one hand a virtual currency type cryptographic currency and on the other hand a peer-to-peer payment system, presented by a person under the pseudonym of Satoshi Nakamoto

What is Bitcoin?
Many people think that Bitcoin is a very confusing thing, whereas Bitcoin is something that is simple to understand.
If asked what is bitcoin (abbreviated BTC), then the simplest explanation is:

bitcoin is a decentralized global transaction cash system.

Bitcoin is the first and most popular cryptocurrency in the world. One of the great things about it is that its owners can make totally anonymous millionaires. Most of the people who encrypt the wallet most people are not known to the outside world, but as long as the virtual millionaire himself unwilling to make public, will have been so.

Bitcoin is the first cryptocurrency present in the blockchain and plays a very important role in the development of cryptocurrencies.

What is Bitcoin? Here is my opinion.
Bitcoin is an encrypted digital currency that was released in 2008. It can be exchanged and traded directly with any Internet-connected device without the need of a financial intermediary. , no one managed, the transaction is completely done immediately & anonymously. The transaction is clear on blockchain.info!

Example: You are in Vietnam to send money to the US only few operations, the US party received money immediately.

bitcoin is a currency that has a high value for snagat and itangible-shaped or not visible but there and forms online and beat all currencies in the world and its value was very high and get it very difficult and already popular worldwide taua worldwide already know bitcoin.

Bitcoin is the leading electronic currency in the crydto market. Bitcoin is the magnet of the world. Bitcoin was born in 2009, at a cost of only $ 0.01. But at the beginning of 2018, bitcoin costs increased by $ 11527. Bitcoin always attracts big investors. Especially attract young people who aspire to get rich. Bitcoin is used by many countries to trade things with ease. The future will have a lot of bitcoin ATM towers in the states. Very convenient. Join the bitcoin to start today.

Bitcoin is an encrypted digital currency that was released in 2008. It can be exchanged and traded directly with any Internet-connected device without the need of a financial intermediary. , no one managed, the transaction is completely done immediately & anonymously.
Bitcoin is the most prevalent codec, first introduced, and most widely used in e-commerce. As everyone, companies, businesses want to pay Bitcoin to reduce costs, reduce the fraud rate when buying.

Bitcoin is a decentralized digital currency, coded and released in 2009. The way Bitcoin works differs completely from the normal currency, without any individual or organization managing it. Transactional bitcoin transactions.

For me bitcoin is a very valuable digital asset, I did not expect that bitcoin development since I knew a year ago could be this fast, it makes me regret because a year ago buy bitcoin for $ 800 and then I sell when the price is $ 1200 and I think bitcoin never can rise again because the price of $ 1200 happened more than 2 months.

Bitcoin is digital currency. It is the first decentralized digital currency that was created in 2009 by Satoshi Nakamoto. Bitcoin is more efficient and convenient way to transfer money across the world. Bitcoin is good for investment purposes and to buy it at a low price and hold it for sometime and sell it at high price at right time. It can be exchanged for other currencies, products as well as services.

For me, it is an currency through which we can buy, sell, exchange from other currencies.

Even more the one of the best digital currency.
We can also invest in bitcoin and gain profit in future ..

Bitcoin for me is saviour, it is the first digital currency that very popular in the whole world. It give high profit  in our investment. A digital money that can be convert into cash  in easy transaction.

Bitcoin is a digital currency and it has got very popular these days. When you name cryptocurrency the first thing that comes into mind is Bitcoin. There can be lot of things bought online using Bitcoin

Bitcoin is the digital currency with block chain technology but it has an improvements and bitcoins is the job of others because using bitcoin you can earn money .it the first example of cryptocurrency .it is decentralized many people can extra income from it.

Bitcoin is a digital currency with a constant volume of 21 million. It has the characteristics of decentralization, globalization and anonymity as the Internet.

Transferring bitcoin to the other side of the earth is as simple as sending an E-mail, with low costs and no restrictions.

Bitcoin has thus been used in cross-border trade, payments and remittances.

Bitcoin is something that is simple to understand.
If asked what is bitcoin (abbreviated BTC), then the simplest explanation is:

Bitcoin is a decentralized global transaction cash system. (Reported in Bitcoin.org), actually Bitcoin is:

a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution .

it is better if he can take a visit at bitcoin.org and he can read by his self about bitcoin and he can try to learn about what is bitcoin. I think he can find much of information on that site especially the details about how to get the wallet for bitcoin because this is the main of bitcoin and we need a wallet to save our bitcoin.

Bitcoin is a website that you can earn money by using post there is so many ways to make an account for this.

Bitcoin is a digital currency, done almost entirely in the net, it can be use like the normal fiat but not tangible in nature. Bitcoin is developed to simplify money transactions. The technology that is responsible for bitcoin's existence is called blockchain, which makes it decentralized in nature. It gave the consuming public a choice in where to put their wealth, since it is a good subject for exchange of value and services.

Everyone will say bitcoin is money or investment, this is because with bitcoin we can have both money and investment, with bitcoin then we can buy anything and we say investment because bitcoin value continues to grow so it becomes profitable.

Bitcoin is, first of all, a unique technology. Blockchain is what makes bitcoin so unique. This is a new form of money. Money for the future.

Bitcoin is an online based Investment. it's all processings perform through internet.nothing can be performed of Bitcoin without internet .that's why we can say that if there is no internet connection Bitcoin will become lame and there will be no value of Bitcoin.

Simply, bitcoin is a virtual/digital currency you can use to buy just like cash. Although the more people that would support it the higher thr value it would become.

which I know about bitcoin, I think bitcoin is a digital currency that has a fluctuating price and keeps increasing every year so investing in bitcoin will be very profitable

Bitcoin is our salvation. With him we can safely not think about the fact that we need money to survive. He saves.

Bitcoin is a type of coin. Bitcoin is the online currency. Bitcoin can not be sprayed. Bitcoin can not be sprayed. Bitcoin can be used to earn money. Bitcoin can be compared to gold. It can be rich in a short time using bitcoin.

btc is revolution in crypto and huge hype  ::)

For me bitcoin  is a kind of currency that you can invest in a longtermway and shorter way and many investors like a bitcoin to invest because of good pricing and you have a chance to buy a bitcoin in a low price.bitcoin is a virtual currency that you can see in cellphone or computer and you canot hold it because of digital mode.

Bitcoin is a very valuable electronic currency. The new $ 0.01 present value was just over $ 10k worth. Can be used to make transactions very fast and convenient for those who do not like to keep cash.

BITCOIN is cryptocurrency, digital money, no single institution controls the bitcoin network.
Now the leading cryptocurrency on the global market.

Does internet is a new kind of country? in the new country , no laws no goverment, all thing is new, everyone can join it and bitcoin is the currency.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.

its only according to my research.

What is bitcoin?
Bitcoin Back in 2008, when Bitcoin was first invented, it was a new and unique financial vehicle, unlike anything the world has ever seen. Nowadays, it’s just one of 700+ cryptocurrencies which all use cryptography to control the creation and transfer of money.

Despite the name, there is no physical coin or representation to speak of – Bitcoin is an entirely a peer-to-peer digital form of money.

One of the greatest advantages of Bitcoin is its decentralized nature, which doesn’t require a  central authority or a middleman to be involved. Therefore, you can send money to anyone living around the world, eliminating the need for traditional parties like banks. And you don’t have to pay extraordinary fees or wait days for the money to arrive at your bank account – it takes minutes.

All the transactions that have ever happened are recorded in the so-called public ledger. The ledger is based on blockchain technology and allows anyone who’s a member of the Bitcoin network to access the records and see every user’s history. Thus, nobody can cheat, steal money or double-spend them. If there was anything suspicious happening, the entire network would be notified.

Whether Bitcoin itself will ever be able to replace fiat currency entirely is a big question mark. But it has undeniably started a revolution that the world is still not entirely ready for.
Source:
http://www.newtraderu.com/2017/07/19/difference-investing-trading-bitcoin/

If I think bitcoin is one of crypto which is basically a bitcoin digital currency can also be used for transaction purchase services such as games or websites until now bitcoin is still limited. 8)

Bitcoin is one of cryptocurrency which is basically a digital currency. This form of money and its storage is digital. The inventor of Bitcoin for the first time is a / unknown (redundant) group of programs that use the name Satoshi Nakamoto.Bitcoin can be used to purchase various services such as games up to website hosting.for now, the number of services that receive Bitcoin is still quite limited. Then why are people fond of Bitcoin? Because most of them use for investment and get rich. From time to time Bitcoin prices continue to rise and peak at the end of 2018.

Bitcoin is to me a trade change the lifestyle of a person and can change a nation towards development  of its citizens. Bitcoin is a crumb schools which look to earn a lot of money.

For me bitcoin is not just a digital currency but also can be considered as an asset, it just depends upon the person who is using it, or the way they use it. Bitcoin offers a lot of advantages to people especially in terms of financial situations. You can earn through bitcoin and there are a lot of ways on how to do that. It is a great source of income, you just need to know how to use it and how to make use of it.

Bitcoin is not only digital currency but it also has some features which distinguish bitcoin from other cryptocurrency. Bitcoin is free economy. People can buy and sell with bitcoin what they want. Bitcoin give the people a sense of safeness. That their economy is safe and sound. Many bitcoiner get rid from traditional bank system. One-day bitcoin will replace fiat money.  Bitcoin is future currency.

Bitcoin is the mother of crypto currenccy,Bitcoin is a digital currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.Bitcoin was first invented and the technology came into market first. No doubt, people has been familiar with the cryptocurrency concept via Bitcoin and to many people, Bitcoin still stands for the synonym of cryptocurrency. However, the recent crash has marked that bitcoin is no longer as popular as it used to be or seemed to be though it stills holds the major market cap! It’s declining.so bitcoin is  mrother all coin

Bitcoin is a digital currency—or “cryptocurrency”—that allows online payments to be made directly from one party to another through a worldwide digital payment network, without the need for a central third-party intermediary such as a bank. Records are held on a distributed public ledger called the blockchain that is stored and duplicated on thousands of computers throughout the world. While there are over 700 different types of cryptocurrencies, collectively called altcoins, several examples other than bitcoin include Litecoin, Ethereum, Ripple, and Zcash to name a few.

The global supply of bitcoins is increasing through computer “mining”—a  record-keeping service that involves repeatedly verifying and collecting new transactions into a new group of transactions called a block. The total supply is fixed at a maximum of 21 million coins. To date, about 16.7 million bitcoins have been created—although Chainalysis, a digital forensics company, has estimated that somewhere between three and four million already may have been lost (for example, through irrecoverable passwords or people who accidentally threw away bitcoin collections back when they weren’t worth very much).

Like physical gold, which is likewise not backed by any central bank or government, bitcoin’s value stems primarily from its scarcity and public faith in bitcoin as a store of value, means of payment or hedge against inflation.

Yes, bitcoin is a digital crypto currency that really do can help everyone to make their life much easier than before. Bitcoin helps you to be strong enough to face anything that it really do need. Like how its price drop then we must patiently wait. Bitcoin is a big help to everyone. It can help you make your life better.

There is a special cryptophone there are no analogues in the world of stocks and bonds. Only here the investment occurs only in crypto-currencies. The manager of the forms independently decides what to invest in.

you may can find the answer on google what bitcoin is.
but for me, bitcoin is the first decentralized currency that created in the world.
it is a new technology that created in 2009.

Bitcoin is a decentralised digital currency. Bitcoin was the first and most valuable cryptocurrency ever.

I think bitcoin is the most online currency in the world. And I think bitcoin is a job for me because we earn money to bitcoin. And it early develop our life.

Bitcoin is a digital currency in the form of P2P. Point-to-point transmission means a decentralized payment system.

, unlike most of the currency, the currency monetary authorities don't depend on the specific issue, it is according to the specific algorithm, through a lot of calculation, the currency economic use of the P2P network composed of many nodes in a distributed database to identify and record all transactions, and the use of cryptography security currency to ensure that each link of the design.

The total number of bitcoins with a strong scarcity will be permanently limited to 21 million. So now more and more people are investing in bitcoin.

It takes some effort to protect your privacy with Bitcoin. All Bitcoin transactions are posted publicly and instantly on the network, which means that everyone can see the balance and transactions of any Bitcoin address.

before proceeding to the explanation of mining and bitcoin-system, it is worthwhile to open up more fog and tell about the creator of bitcoin, about which practically nothing is known, which makes it much more attractive.

Here before me already said it all.  I can only add that bitcoin is a chance for each of us and a chance for all of humanity to really change something in this world.

I think bitcoin is a digital currency that gives a bright future for its users.
for example bitcoin can create financial freedom for the owner or managers, but need to have its process first.

If I was asked what bitcoin is, I would answer quite simply, it is a digital currency, which implies a complete decentralization.

The first thing that comes to mind is crypto currency, digital money, electronic money. But if I am asked about it by a really interested person, I can talk about bitcoin for a long time.

Many words that describe bitcoin was already stated above, and I agree with that. In our presents day when it comes with bitcoin, there's a lot things to make when it comes financial. Bitcoin is a universal curenccy because it is decentralized and peer to peer, bitcoin is an asset or investment.

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.

Yes, and Bitcoin has a fast transaction and not held by the government. We have a freedom to use it whatever we want. And it is our another source of income.

Bitcoin is an essential revelation or first critical achievement of data innovation to make a decentralized and secure installment framework and something use for capacity, and reviewing data, including the qualities advanced portrayal. Dissimilar to the customary installment framework and conventional PC systems, bitcoin isn't oversee or controlled the activity by some other concentrated specialist or any organization. All I knew the bitcoin is acquainted with entire world as an open source venture.

For me, Bitcoin is a secured and decentralized digital currency which is not held by the government. It has a fast transaction that many people happy for that. And it is the most valuable coins in cryptocurrency.

Ofcourse yes, The Blockchain technology doesn’t require and obliged us to use Bitcoin. You have your own feewill and you are free to use Bitcoin. If you tried to work with it, Then that’s a nice thing. But if you didnt, Well it’s your choice. But, I’m always saying to you that Bitcoin is one of the good investments that will able you to gain a lot of profits. Because of its demand and decentralization.

BTC is also a kind of money, but most countries don't agree with this kind of money, just like in China you can't buy things in dollars or other countries' currencies. But you can replace the dollar with the yuan to the supermarket to buy things, so that the supermarket is willing to sell you, replace the dollar with the yuan, which has a can change the rate is fluctuant Buying and selling the currency in the network is to buy low coming to high profits.

bitcoin is a number of the technical currency number of the released of the open source code. This virtual coin can be exchanged directly with the Internet device without having to go through an intermediary financial institution.

Bitcoin consists of two words: "bit" - the basic unit of information in binary form, and "coin" means "money" in English. Experts say the first bitcoin virtual currency formed in the system on January 3, 2009.

Bitcoin will begin trading on the MtGox trading platform in June 2010 and will be used to trade commodities and assets by 2013.

Bitcoin will develop in the future

Bitcoin is a type of computerized money, made and held electronically. Nobody controls it. Bitcoins aren't printed, similar to dollars or euros – they're delivered by individuals, and progressively organizations, running PCs all around the globe, utilizing programming that tackles scientific issues

maybe we can use bitcoin for the online activity and only exchange bitcoin into fiat if we want to buy something or we don't have any money. for me, bitcoin is another money from online jobs that I can use to make more money and it's another investment that I can have with small money but it will give a big profit in the long term. but we cannot use bitcoin to things in the supermarket right now and it's only available in the country that accepting bitcoin as a new payment system gateway.

Bitcoin is digital money and can convert fiat money, real money

Bitcoin is the new currency.