Bitcoin Forum

Meaning taken from Wikipedia:

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

* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.

* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

link: https://en.wikipedia.org/wiki/Bitcoin

Meaning taken from coindesk:

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 can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

link: http://www.coindesk.com/information/what-is-bitcoin/

Meaning taken from Dictionary:

BITCOIN

bitcoin
bit·coin
ˈbitˌkoin

noun: bitcoin; plural noun: bitcoins

* 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"

Multiple meanings or hidden behind a cluster from bitcoin, how exciting. For me bitcoin simply carries a meaning as the currency benefits.

Besides of your copy and paste meanings of Bitcoin,

Bitcoin is the first ever decentralized crypto currency that has been created since 2008 by Satoshi Nakamoto and its main objective for me of is that making a currency in the digital world for faster, reliable, securable, anonymous etc.

In simplest words, Bitcoin is a derived experiment out of scratch that was meant to give complete financial authorities in your hands, just so you can feel that you are your own bank. It is something that has a value and gets inflated every time someone gets into it.
It is a method of transferring "digital tokens" from one account to another based on reflected values one asks for, and on the other hand get services or goods against it.

If you lazy to read : https://www.youtube.com/watch?v=pxE9dwg2vEM

Bitcoin is a digital cryptocurrency made up of processed data blocks used for online and brick-and-mortar purchases. Because bitcoins are limited and their value is determined by market forces, bitcoins are also traded like stocks on various exchanges.

Relatively new and experimental, bitcoin is described as “the first decentralized digital currency.”

Source : https://www.techopedia.com/definition/27193/bitcoin

https://support.coinbase.com/customer/portal/articles/1823285-what-is-bitcoin-

Meaning taken from CNNMoney:

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....

Why Bitcoins?

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.

link: http://money.cnn.com/infographic/technology/what-is-bitcoin/

Well im new to this site..as well as to bitcoin.. can anybody help me or just give me a link directed to a forum which is already created for newbs like me..
Thank you.. appreciated ur advice (in advance)

link: https://bitcoin.org/en/faq#what-is-bitcoin

Quote:

What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and a completely digital money.
It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
From a user perspective, Bitcoin is pretty much like cash for the Internet.
Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

Who created Bitcoin?

Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.

Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.

https://bitcointalk.org

Visit that link and select your topics there.
You can choose Bitcoin Discussion and many more.
Enjoy reading & Keep updated!
Have a nice day!

Another link: https://www.lifewire.com/what-are-bitcoins-2483146

Bitcoin
- the virtual banking currency of the internet – has existed for several years now and many people have questions about them.

What Are Bitcoins?
Bitcoins are electronic currency, otherwise known as 'cryptocurrency'.
Bitcoins are a form of digital public money that is created by painstaking mathematical computations and policed by millions of computer users called 'miners'.

Bitcoins are, in essence, electricity converted into long strings of code that have money value.

Bitcoin explained in layman's terms

Bitcoins
* is a form of virtual currency- meaning, if you have bitcoins, you do not physically purchase goods by handing notes or tokens to the seller. Bitcoins are used for electronic purchases and transfers.

visit this link:
http://profit.ndtv.com/news/your-money/article-bitcoin-explained-in-laymans-terms-376029

This link from: https://www.techopedia.com/definition/27193/bitcoin

Definition - What does Bitcoin mean?

Bitcoin is a digital cryptocurrency made up of processed data blocks used for online and brick-and-mortar purchases. Because bitcoins are limited and their value is determined by market forces, bitcoins are also traded like stocks on various exchanges.

Relatively new and experimental, bitcoin is described as “the first decentralized digital currency.”

Techopedia explains Bitcoin

Bitcoins are generated after a block of data is processed, creating a block of transactional data in the bitcoin network. This is accomplished through a bitcoin mining client, although this function is no longer adequately performed via a regular central processing unit (CPU). The forecasted number of produced bitcoins is 21 million with an expected completion date of 2040.

Bitcoins may be purchased or sold over the bitcoin network and are considered secure because during each transfer, each bitcoin must be cryptographically signed. A bitcoin user is required to employ a public key, private key and bitcoin address for each transaction that occurs as a peer-to-peer transfer.

The bitcoin concept was invented by Satoshi Nakamoto, although virtually nothing is known about him. In 2010, Nakamoto withdrew from the Bitcoin Project.

Bitcoin is block of processed data which is transmitted over the internet protocol after being solved by mining units at miners place. These bitcoins are digitally traded and can be used to buy services and goods in the internet world.

For me bitcoin is also a virtual fiat currency which can be converted to physical dollars within gone day of time. Bitcoin is almost a ideal currency with all the characteristics such as value, listing in the stock exchange, and big fan club.  ;D

Making a profit from Bitcoin is nice but the most important meaning is financial freedom.

What Satoshi created is one of the most important tools in human history. Blockchain will be very disruptive and is part of the 4th industrial revolution.

Just wait until the people starting to realize what the difference is between Bitcoin and fiat  :o

coin based on the transaction information in terms of bits of data

so
yes that is right, in fact bitcoin is a currency and from currency we mean the papers that represent some value and we use it for buying some thinks. so bitcoin is a currency which is use specially for online purposes.

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"

Thanks to everybody who replied until now. Many of your posts are giving great information if read carefully. Bitcoin is digital and it carries specific price in the market depending upon how the volume of trade is going on. Being digital currency it can make you purchases from various sites.

There sure are many meanings about bitcoin. And i think, none of them is wrong.
For me, bitcoin is a type of cryptocurrency, something digital and we can use it to have a transaction online and don't have something like bank. Also no one can really rule it.
But thanks for your information, now i know many meanings about bitcoin from many sources

Coins that have price based on transactions in data bits and provide an unhurt advantage.

According to my view bitcoin is the money and bitcoin is the good asset for future.

Yeah this resonates with my personal (perhaps irrelevant) point of view.

To me the blockchain is a value transmission system.

It is able to transmit various forms of value. Currency/money is just the first form that we have experimented with.

For this reason, I struggle to confine bitcoin and other digital assets into the box of being 'just' currencies. 

Others do, and it make sense for them - but, clearly, bitcoin is so much more than just money.

A £5 polymer bank note is 'just' a currency. This isn't the case with digital assets though.

As more digital assets are brought into the lime light, more innovation will be sparked and we will eventually begin to see the blockchain applied in areas other than money/currency - which will be amazing

For me bitcoin is a simple digital currency can be use by all citizens. Bitcoins os really money that we can earn.

It is already starting as of now which blockchain development is already being used on some services already and now you can able to see there are lots of projects which do make use of it which means this is really a great medium to make fast and reliable transactions with ease. Back to topic. Bitcoin is a decentralized digital asset which gives an innovation when it comes to money transfers and not only that it gives also a chance for us on making money out of it.

This is simple one word answer for Bitcoin. We can use bitcoin for many purposes but the end of the day Bitcoin means money. And to earn this money we don't need to do any hard work, we will get bitcoins with many easy tasks like trading and invest, and some people will earn from gambling. Apart from this people will earn from their skills. So bitcoins means easy online money.

True! Bitcoins mean digital currency. This is the precise definition of bitcoins. If we really want to know what bitcoins are, we should ask those who have become millionaire by trading with bitcoins. Bitcoins are the decentralized currency which allows users to invest and trade with them in order to enjoy huge profits. Bitcoins are the future of world. Soon they will become the mainstream currency of the world.

1. International money transfer,
2. for keep money,
3. gambling,
4. pay for internet service,
5. pay to freelancers in foreign countries

On my own definition, bitcoin is a digital form of money. Yet, this is another way of payment in any kind of transaction. Furthermore, bitcoin is anonymous that even the government cannot manipulate it. For me bitcoin is my source of income and I usually used it to sustain my daily needs.

everyone has a different way to how to explain or how to determine what bitcoin is it depends on how do they treat it , but in general, bitcoin is a cryptocurrency on the internet, it is a digital money on the web, we can earn money from the web and one of those will be a bitcoin, bitcoin can be a source of income for us.

Bitcoin is a digital cryptocurrency made up for a processed data blocks used for online and brick and mortar purchases, Because bitcoins are limit and their value is determined by market forces bitcoins are also trade like stock on various exchanged.Now bitcoins project is the best project of this society.

Basically, Bitcoin is the pioneer of the crypto currency sector. it was invented in 2009 by an unknown person but it was invented for everybody purpose.
day by day it is spreading out all over the world, by the name of Bitcoin many people have gathered experience about crypto currency, it has created a credible and acceptable ground in some developed countries. it also has become a legal currency in some countries.

Yes, bitcoins mean digital currency. This is the precise definition of bitcoins. If we really want to know what bitcoins are, we should ask those who have become millionaire by trading with bitcoins. Bitcoins are the decentralized currency which allows users to invest and trade with them in order to enjoy huge profits. Bitcoins are the future of world. Soon they will become the mainstream currency of the world.

Yes totally agreed. You are your own bank just investing your trading bitcoin into investment. You will have a large number of money in your pocket because as we know that bitcoin is enlarging day by day. So yes we are our own banks if we are a good investors in a bitcoin. Because bitcoin is giving us a lot of idea to do something new with bitcoin.

You have basic knowledge about bitcoin then why are you posting here? Bitcoin is a cryptocurrency used for trading, investing, gambling and miningm Bitcoin has been a good way to earn money for some. Investing in mining hardware has too been profitable. Bitcoin has been a good type of part time and full time job. You can easily find more deep information about bitcoins at the internet

You can find all the necessary information by internet guy, it's very easy. However, besides insights, you need to have practical experience in order to make a profit, so learn how to make money from others and you can become a great entrepreneur. good luck.

Word for word meaning is all in dictionaries and internet but for me is a new tool to give hope to improve our ways of living by earning thru trading and investment experiences. Before most of the ordinary people dont know how to engage  business and now after learning a lot about bitcoin they start practicing business and enterpreneurship with the use of capital that came from or of what they have earned in bitcoin. We are all very thankful for this.

For me bitcoin is money, where you can use it anywhere you go, once you convert it according to your currency. It is also a an investment assets , were it can produce money or savings for the future. it has a lots of usages and good  features too.

The word Bitcoin refers to the name of the cryptocurrency, of course, but also 1 Bit is equal to 100 Satoshis (the lowest denomination of a Bitcoin) and the point is someday 1 Bit will equal 1 dollar and Satoshis will be like pennies.

Surely peoples who are familiar with and close to bitcoin will not be unfamiliar with this question, all of them know with a lot of information in the internet world. Bitcoin is a virtual currency that was successfully developed by someone named Satoshi nakamoto. This currency is like a regular currency that has value, which is only available in the digital world. And one thing bitcoin is my best friend too.

Bitcoin is just a concept of virtual currency that is available on internet only. There is no physical form of bitcoins but it is the most expensive asset in the present era. Nobody knows much about his creator, Satoshi Nakamoto, other than his name for sure. May be Mike Hearn can help us in this quest.

I do not think that Mike hearn is the inventor of bitcoin. He might be supportive person to him or learned after bitcoin has been created. OP created this thread to know meaning of bitcoin right!
Instead of searching with the people in the forum, you could just google it know about it.

Bitcoin is a digital or virtual currency where it can be use for online payment, sending money, and others. Here is the video explaining what bitcoin is, https://www.youtube.com/watch?v=k0HmrSfJwhU after you watch this video you can also read this link teaching how to make profit into bitcoin https://bitcointalk.org/index.php?topic=1629118.0 good luck, and good day.

According to : investopedia

Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

Read more: Bitcoin http://www.investopedia.com/terms/b/bitcoin.asp#ixzz4rSsVCYq5
Follow us: Investopedia on Facebook

According to dictionary
The meaning of bitcoin is a type of digital currency in which encryption technique are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of central.

Like what the dictionary said the transaction are made with no middle men meaning no bank included and there are no transaction fees with out giving your true identity. Bitcoin is new currency and it was created in 2009 by the unknown person using alias Satoshi Nakamoto.

Bitcoin is virtual currency which can be use like fiat currency in now a days.
When it was created value of BTC was about 0.004 USD and now you can see near about 5000USD.
Bitcoin has potential to change the world.

Bitcoin has made internet more interested. many people want to earn bitcoin.

Bitcoin is a digital currency. It is the future money wherein you can use it for buying things online, sending remittances overseas, paying your bills, loading your prepaid number and a good type of investment. Many people belive that it has the potential to be the universal currency and be accepted and legalized worldwide.

Nice. as for me bitcoin is digital cryptocurrency in the future and this is our future money. bitcoin can easly use bitcoin is free to use even your a graduate or not or maybe your a student it will give us a oppurtunity to buy something that they want.  just sharing ideas to others .

In my personal opinions bitcoins is instrument of investment on internet, i don't use bitcoins for payment daily in my real life, bitcoins now just to be used for trading altcoins and bitcoins, bitcoins is not good enough for to be currency especially for small amount payment due to the fees transaction is expensive, so bitcoins is more suitable be considered as digital asset than new currency.

bitcoin is the online currency that became the phenomenon of the world of financial and investment in recent months. Bitcoin is being discussed by various media as its value rises in 2013 up from $ 13 per 1 BTC (code from bitcoin) and closes at $ 800 per 1 BTC at the end of the year, even reaching $ 1,200 in early December

Yes I also agree with these meanings. Bitcoin is created in 2009, and it is a digital crypto currency. Bitcoin has no physical existence. You can purchase and sell bitcoin online. Bitcoin generally not owned by any person or government, because it is used for transaction and buying and selling for the purpose of easiness and comfort for the people throughout the world. So it is not a legal currency of a specific country.

You can make investment only with valuables and bitcoin is therefore an expensive asset or currency that has no solid form. If you are not willing to buy daily stuff with bitcoins because of high fees transactions, then it is your problem and that doesn't count bitcoins out of the currency circle.

yes that is very right that bitcoin is a digital currency which is mostly use as for online purposes. but in future we can expect that we ill also use bitcoin in our local shops. although a lot of other digital currency are created but bitcoin is the mother of all as all the other digital currencies are the alt of bitcoin.

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 P2P network monitors and verifies the transfer of Bitcoins between users.

Bitcoin is the new currency nowadays.It is also 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 used also in online transactions like paying billsFor me, In other words bitcoin is a online investment.

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 (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.

Let me explain you what is bitcoin the kids way: :D
Bitcoin is digital currency that is fast, secure, decentralized, and acceptable worldwide.
Bitcoin network is peer-to-peer similar to bittorrent, the network operates on thousands of nodes across the globe owned by individuals.  

there are many definitions of bitcoin, but bitcoin is now one of the most valuable coins in the world of cryptocurrency coins today which is very popular and has very good prices.

This meaning has been taken from a dictionary :BITCOIN

bitcoin
bit·coin
ˈbitˌkoin

noun: bitcoin; plural noun: bitcoins

* 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
"bitcoins can be used for online transactions between individuals"