Bitcoin Forum

https://medium.com/bitcoins-digital-currency/a9a8c094feaf

cool stuff.

loved the heading and it really is very well explained.

Yes very simple, a perfect guide for dummies.
Congrats!  :)

I don't this Bitcoin is too hard to understand yeahh still newbiew can learn and understand easily from here

Thanks for sharing.

Infact this medium bundle gets really philosophical at times
https://medium.com/bitcoins-digital-currency

Look at the heading!
It is made in simple language so that even a 7 year old child can understand the concept of BTC. :)
BTW great one! ;D
Kindly,
      MZ

Analogy is excellent......theoritically ....but Practically speaking why do so many hacks n coin-theft do  take place ???  If I put my hard earned Savings into BTC what is the guarantee that it will not b stolen ???

Your hard earned Bitcoin savings can be transferred to a USB and safely tucked away somewhere secure.

nice article

Great stuff
very usefull for newbie like me
many thanks

Its very helpful for me thanks for this link great work :D

Nice stuff!

nice article  ;D

should you buy bitcoin ?
An Easy way to understand Bitcoin
https://i.imgur.com/g2NvdXh.jpg

Earning from bitcoin is little bit tough u will understand slowly as a newbie
This guide really helps

Got to know many details.

But want to know more about many things say mining, about altcoins.please provide some threads to easy understand that.

thanks for the post its improves my knowledge regarding bitcoin..

thanks for sharing.Helped me a lot

It is indeed very simple and helpful

You can also add, that there is no single/ central point of failure.

It is very help full and simple information to understand.

aReally simple and easy to understand. ..
Whar are the lotteries you were talking about in the post?

Nice articles

Indeed very good guide to understand bitcoin.I have found this short video about bitcoin on YouTube  http://www.youtube.com/watch?v=ultLPNj-a8Y
And here is a mp4 version of this video for mobile users http://lmp4.com/video/view/41833177

Nice article, and a bit outdated, for ex the robot doesn't put 50 coins in the piggy bank anymore...

itz very easy to understand...
thnx for sharing....

well what is your income (5k,10k,20k,30k,80k)$ monthly???
i see on blockchain.info transaction of bitcoin of 2,50,400,500btc continuously and you ask what if store your money in btc.
bitcoin is secured with high security like bank.you should trust btc network as well as money in your bank.

Do not invest more than what you could afford to lose.This is the golden rule of any investment.Although btc has a good future, but investing all your savings in bitcoin at once is not what I would recommend.Instead go for small purchases every month

why are you recommending someone not to invest all saving in btc.and its not investment company to loose so we don't need any effort to loose.everyone knows btc rate will always go up.and also its high secured as bank security. so i suggest you not to suggest someone that putting money in btc is risky.

Nice one Easy to understand for anyone new

thank for sharing

I dont agree with you because I believe that investing all savings in bitcoin is risky as one may loose up all his money to price fluctuations.

I think bitcoin is not as easy to understand in depth with its advantages, futures, features, security majors and possibilities.

Bitcoin is real invention. And as my acknowledgement bitcoin is just a form of digital currency but the base is cryptography. Things associated with cryptography and blockchain makes it possible to give value to bitcoin.

Bitcoin is just one of altcoin as there are so many altcoins are now in market. Bitcoin is special because it has highest value of exchange in market. But in future there will be any other currency which can have more value than bitcoin.

Hope you will think about it. Its just beginning.

why you think so?
i don't think so and i am sure about this that bitcoin will always on peak.because its value is more more than other cryoto currency.in any case if this is possible,it will take too much time.people will keep buying btc because they are sure they can sell it to high rate.so circular of buy and sell will be continue. bitcoin will always top of other currencies because its demanded in high rate.

You cannot rule out the possibility mate for nobody knows what is in store in future.Maybe a better crypto can beat bitcoin and people sell their btc to buy it.But chances of this happening is low

can you tell me please what do expect with bitcoin now?
its Already semi anonymous.bitcoin have every idea and ideal quality what people need.
recently we heard about cloak coin almost its called anonymous coin but i couldn't understand how it's difference than bitcoin while i read all about it in their official website cloakcoin.com

now i think they made this coin to outplay bitcoin in name of completely anonymous currency. but still it haven't get any value yet.
si finally bitcoin will be always on peak in all cryoto currencies.

Bitcoin is the first cryptocurruncy and that contributed to its popularity and huge users base not because it is perfect.
Cloak coin may not replace it but some other coin can

you just shouldn't be 100% sure that other coin can replace bitcoin everyday bitcoin rate are increasing now its 35k inr/btc.so no way to replace bitcoin.i already elaborated that why bitcoin can't be down.

Very nice article.Really helpful for those who are new to bitcoin and bitcoin talk.

A wonderful place to start - for  a sound technical understanding.
https://www.youtube.com/channel/UCNcSSleedtfyDuhBvOQzFzQ

Princeton university have a book (freely available) in line with the content presented in the above lectures.
http://bitcoinbook.cs.princeton.edu/
 

There are courses online too (one in Coursera [coursera.org] starts this month, another one offered by Stanford)

very good artical to understand bitcoin in better and simplw way . but if you are admin of medium.com then i will suggest you to add some topic about the deals . that how to make deal at lbc or other trading site and how to use escrow .

Faqs for Bitcoin beginners

https://youtu.be/AcIGdu2Lqg8

https://medium.com/bitcoins-digital-currency/a9a8c094feaf.. very nice article.

Actually I was completely confused about Bitcoin. Thanks for sharing these thoughts  :)

very helpful for beginners to learn in an article you. thanks :)

Well bitcoin is difficult to understand at first but then u can watch youtube videos and watch other stuff on bitcoins. Well once u understand bitcoins u l get interested in it and want to earn bitcoins a lot .kudoos. :)

Thanks for sharing this post,helped me a lot

Better then the ELI5 explain bitcoins with apples blog....

 

good comparison) to the point

thanks for all information(facts) posted here it is really a great help to me.

Awesome, this link will be definitely be very useful to all the newbies.

Very nice and simple way of understanding the basic concept of bitcoin.
Easy to understand for newcomers. Thanx a lot for the info.

When I learned Bitcoin, I jumped into the economy to figure things out for myself. I'm not a typical user, I develop assets in both the digital and cryptocurrency markets.

It'd be awhile before opened to full integration because of how much more is still in startup phases. So far, faucets introduced people to extended use as an alternative to mining... Investment vehicles and gambling shortly became what is now used to strengthen surplus.

This article covers some of what I mentioned, but to grasp advanced material you may need to do some digging.

Thank for the information...
Now I got an idea how bit coin works...

Very useful when you want to explain someone who never heard about BTC before

easy way to explain to a starter about bitcoin

Very usefull

interesting and meaningful subject!!!!

its good to understand

I old user of btc and trade from years

was also used perfect money and LR funds (LR already closed long time ago)

India is the only thing that I was like.
Think you could have a great tips.

Bitcoin is just like a wallet that  could be converted into real money as our wish.it can be used as business it means that  we can buy or shell something with bitcoin.it is more expensive than currencies.

It's really informative and easy to understand . I don't give this to kids I will definitely give it to friends who is still don't have idea about bitcoin.

OH! It is such a easy way to understand even a little boy can understand this.
Thanks for this.
Earlier I have some knowledge but now this has cleared all my queries about bitcoin.
THANKS A LOT!

.

Very much helpful to understand for a newbie like about bitcoins and how it works.
Thanks for sharing :)

It is very good thing to know about bitcoin to new user.
Thank you so much.

It is hard to to understand. I need a lot time to take it easyly.

I like it. But i need time to understand more.

Thank you so much .I am newbie so I have more things to understand about bitcoin.

How to Bitcoin earn money? What is the profits of bitcoin?

What's about the transformation bitcoin?

Anybody suggest me about bitcoin.

It is intended a very simple and very easy for is bitcoin

Nice article.thank you so much for writing on this topic.

Very useful for nobody like me

It will well explained.To easy understand for newbie . Thanks for link .

That actually made me understand the concept very well, really good writing and analogy too.
Thanks for sharing

nice helpful article

Thank You soo much for making us understand soo well.

I got an good  overview about the Bit[Suspicious link removed]d explanation in just simple terms.

It is a made in simple language of  so that even a 7 year old child can a understand the concept of a BTC.

I m new in bitcoin.i already understood something.it is fantastic. And i want to know more about bitcoi.

LOVED the way it's explained. I TOO WOULD BE WRITING A BLOG ON THE NEW TRENDS IN CRYPTO CURRENCY.
I JOINED IN RCENTLY BUT FINDING IT COOL ENOUGH.
CHEERS GUYS. STAY TUNED FOR AN UPDATE ON MY BLOG WRITING PART. THANK YOU.

SIMPLY 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.

The  hard aearned a Bitcoin savings can be transferred to a USB or safely tucked a away somewhere is secure .very easy to bitcoin

Nicely explained..thankz for sharing..

Your hard earned is Bitcoin savings can be a transferred to a USB and safely tucked away

Hi this article is really helpful to understand the concept of coin . It is very useful for beginners like me to get in to the working stuff. Thanks a lot

bitcoin is little bit tough u will understand as a very easy so understand is not problem but time is long so day to day is new post is new topic are Bitcoin

Lol this was a funny article 😃

Indian is a very Easy to Bitcoin because very easy process so easy understand no problem

Bitcoin you understand so very easy process Bitcoin

You should be careful when entering into research about what is bitcoin and then when you read the bitcoin you are looking for a site that is trusted and legit you should also read the rules maybe because of scam and you only pay.

The most intuitive bitcoin is to get to know their bitcoin forums and you can easily ask your acquaintances that you have a bitcoin that is easier for you if you have friends who are teaching or gives you advice on how to bitcoin more advantage if someone has aadvise you to be able to help you with bitcoin.

The most intuitive bitcoin is to get to know their bitcoin forums and you can easily ask your acquaintances that you have a bitcoin that is easier for you if you have friends who are teaching or gives you advice on how to bitcoin more advantage if someone has advise you to be able to help you with bitcoin.

I think this content explain everything about the bitcoin.This article is really helpful for all beginners, but I really confused to translate the cryptocurrency to paper currency.Can you explain how can I translate the BTC?

It is good and easy, I don't think bitcoin is that hard.. Thanks for this Benson.

Good stuff dear mate,Thanks for sharing 🙏🙏🍺🍺

Thanks for sharing.

Good info, explained everything about btc which is very helpful.

good explanation in the article  :)

Yes I am  very easy to understand the bitcoin this is not hard for me

Nice Topics because newbi can understand easily. I think most og the newbi haven't enough knowledge about bitcoin.

I recently came across this blog on Medium: https://blogs.thebitfort.com/. Most of the content here is easy to understand, and it appears to be active as well.

That's really nice share thanks for the list nk op

Bichon is to simple language so that a year old a can understand the concept for BTC so very easy for bitcoin

Bitcoin is easy way to understand. because bitcoin is biggest popular digital currency worldwide, now bitcoin market price is $14029.93. Bitcoin is the new technology which be useful for all in future.

Yes, bitcoin is easy way to understand, It is still growing popularity as it has been around for along time and bitcoin is new technology which be useful for all in future.

Explain everything a bitcoin.This article is really helpful ,The most intuitive bitcoin to get know bitcoin forum you can easily,that you have a bitcoin is advice how to bitcoin more advantage bitcoin is really confused to translate

Bit coin is digital currency... Now you some of might be thinking that what is digital currency??!!..  And we already have a world full of digital currency... 
As we all know digital currency means you just have a amount of money in numbers...  From that numbers you can buy anything from the market or wherever you are right now...

But what's the difference between bitcoin and digital currency?. 🤔..

Ans -: in bitcoin you don't have any 3rd party  interferences  between the buyers and sellers...  You just simply transfer the bitcoin to other...  And other person can be a seller of toys, some daily shampoo seller, or any other seller... 

Summary -:with bitcoin you can transfer funds without any interference of any bank....

As we mentioned above, there is no central person or central authority in charge of Bitcoin. Various programmers donate their time developing the open source Bitcoin software and can make changes subject to the approval of lead developer Gavin Andresen. The individual miners then choose whether to install the new version of the software or stick to the old one, essentially “voting” with their processing power. It is in the miners’ best interest to only accept changes that are good for the Bitcoin currency in the long run. These checks and balances make it difficult for anyone to manipulate Bitcoin.

Awesome stuff..

Bitcoin is a digital currency which is used to make secure payments, and has virtually no fees. It is generated by a process called ‘mining’ and a public record of all transaction carrieds out using the medium is maintained on a ledger, called ‘blockchain’.

Bitcoin came into existence in 2008, and was launched online the following year. A user by the name Satoshi Nakamoto is given credit for the inception of this cryptocurrency. Attempts have been made to reveal the identity of this user, but none have been successful.

Bitcoin is unregulated. In other words, it is free from government control. But the biggest plus point it has to offer is that of complete anonymity. Bitcoin is seen as a tool for private, secure and anonymous transactions. This is the reason why it's so appealing.

If you're looking to start trading in crypto-assets, I suggest trying https://thebitfort.com/

Perfect guide, Thank you very much for share!

In the year 2009 Bitcoin was created by unknown person using the alias "Satoshi Nakamoto". Transactions are made with no middle men which means that it has no "bank", the value of bitcoin can be used to buy book hotels, pay bills and etc.

Bitcoin can be use to merchandise anonymously and also international payments are convinient and cheaper because bitcoin doesn't have a specific value - meaning it is not tied up within a country. Some person buy bitcoins not just to have it but as an investment and expecting that the value of it will grow bigger as time passes by.

The easiest way to understand bitcoin is itself to stay here on this forum, this is the real source of the actual understanding of the BITCOIN and BLOCKCHAIN.

I agree with mahi4ever Jr. Member
Really I want to know more because it not sufficient for me and new person who did not know about bitcoin. You give good example of piggy bank but I think no one any bank (piggi bank) gave more money as bitcoin because, if I purchase that time only one bitcoin 20 or 100 rs and hold it then, I have about 4 to 5 lack amount in my bank (bitcoin wallet). So please tell me how to possible by piggi bank or any bank gave more amount as bitcoin. Please help us.

BE AWARE OF THE SCAMMERS also

I have no interests in bitcoins after i had heard about them; and i didnt further researched into the matter; and so i am out of the matter.

I would say to go to youtube and open a channel named bitcoin talk or something else and look into their introductory clippings; newbies will be helpful.

Bitcoins are cryptocurrency or curency that are not minted but mined online. They are not based on firm reality platform.

Google it or serach about it in wikipedia. You would get to know a lots of cool stuffs about it. It would be interesting.

They are simply a collection of codes generated by satoshi; using perfect errorless codings and now it has become the most rapid growing currency over the worl

Sorry I cant open it. The link seems cracked.

But I think more easy will it be if you search in youtube:)

Nice! Thanks. I am a newbie too and helped me.

easy way to understanding ...great job..salute ;D

1> start with collecting bounties from upcoming projects.
2> invest the amount you can afford to lose in BITCOIN itself start with 5K INR
3>read almost all the news related to it as much as possible.
4> done go and explore

Google, Youtube, here etc. for the high level concepts.

Then get a client, start messing about - concepts will become clear as you start seeing them in action

An easy way to understand bitcoins is to follow any of the popular btc related youtube channels

Earning from bitcoin is little bit tough u will understand slowly as a newbie
This guide really helps Got to know many details.

But want to know more about many things say mining, about altcoins.please provide some threads to easy understand that.

Join this forum and take part actively. You will get to know many things about bitcoins

To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”

The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software.

It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.
Who created it?

A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.

To this day, no-one knows who Satoshi Nakamoto really is.

In what ways is it different from traditional currencies?

Bitcoin can be used to pay for things electronically, if both parties are willing. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

But it differs from fiat digital currencies in several important ways.

By
Aditya Karla

interesting and meaningful subject ;D

thanks for sharing it helped me a lot  :)

Really enjoyed it man! Couldnt imagine it can be simplified down to this extent. Now I can explain it to my niece. Cheers :D

This robot and Piggy Bank explanation nailed it :D

Finally I am able to explain it to my relatives :P

Really very easy to learning it was very l helpful for me

Searching bitcoin video on youtube is the best for understanding the Bitcoin. you can use this link to get some information about Bitcoin. https://www.youtube.com/results?search_query=explain+bitcoin+

I could learn a lot, Post something like this

thanks for the gift ;) Nice and easily explained

Any of the youtube video explain this issue quite seriously anyway

You need to research with wiki or any other sources whatever videos or link you access. A complete research includes collection from diff

Now days crypto currency going very high level ....in crypto currency bitcoin going very very high in the market ...if buy bit coin now it will help for future

I think the link is broken or somehow expired of its session. I cant open the link in any browser

watched it. quite interest and eye catchy specially the heading that claims that it can be made to understand to a 7 year old child too!

Hello all, i'm fairly new here and quite excited. I was trying to find links which explains how staking works and the requirements. Any leads?? Thanks!

Really, this article is very helpful to understand about bitcoin. With this article anybody can easily understand it.
Thank you for sharing this kind of link. It will really help me to improve my knowledge regarding the Bitcoin.
Now I can try to earn with Bitcoin.

This article is very helpful for me and newbie to understand about the Bitcoin. Thanks for sharing  this link great work .It will really help to improve knowledge about the bitcoins

Thanks

Bitcoin is too hard it cant be understood easily you have to work very hard to undestand it...

Thanks for sharing your link.

I think all newbie should visit this link. It's just a simple way to take a first impression and gather knowledge about bitcoin.

cool stuff.
Heading was just awesome love it.

that is the electronic currency  ;D i think so

Heading was just awesome love it.
P

Thanks for sharing....Nice article & helpfull soo

Thanks for sharing... :D :D

you can easy to learn in youtube so there you can learn how to learn and how to work with bitcoin ,you can learn there step by step so this is the easiest way to learn.

Yes very simple

You can check out our blog for an easy way to understand Ethereum.  ;)

https://www.bbod.io/bbod-blog/2018/7/21/ethereum-whitepaper-explained

Liked the link, perfect guide for someone who is new to crypto world.

That is so good n nice article sometime even i found it so difficult vry hard to understand good link thanks 😊

Its really great.. its very helpfull for many members over here. Specially i clear my doubt about it. Thanks.

Nice article thanks for sharing it here!

Bitcoin is a cryptocurrency or kind of digital currency.

Good stuff. However, you can also have a look at this blog. It is quite informative as well.

https://www.altcoinsidekick.com/bitcoin-basic-blog/a-simple-guide-to-understanding-bitcoin

Bitcoin is a cryptocurrency and cryptocurrency is a kind of digital currency. So, basically, bitcoin is both cryptocurrency and digital currency.
However, if you want more information about digital currency, have a look at this blog.

https://www.altcoinsidekick.com/bitcoin-basic-blog/a-short-but-intense-history-of-digital-currency   

Thank you for the post
It has clear btc simply It will be a get way to understand
Btc and crypto easy 
   

Very well explained. Thanks for sharing this article. BTC has great future because it is the store of value and no impact of inflation. In fact is a hedge again inflation. More and more people and institutions are making investment in BTC.

you are damnn good your article was amazing very simple way to learn About bitcoin thanks dude

Very nice and informative Blog. Unfortunately the world knows very little about Satoshi Nakamoto who claimed to be Japan's National but many people doubted this claim because of  his native-level use of English and his Bitcoin software not being documented or labelled in Japanese. Whoever he is or was , history will remember him as  very visionary person who did a great job for the world of Finance. Hats off for him.

here's another easy explainer video for india
https://www.youtube.com/watch?v=razdmbZPm-M

Easy way to understan bitcoin is that Bitcoin is regular money that has value and can be used to buy goods and services. It is also similar to stocks because the value fluctuates based on the supply and demand.

Yes it's right bitcoin have too much price that's why people don't understand easily because btc price movement is too much  but It's not difficult to understand  if we do Technical analysis then it's not difficult understand bitcoin

I don't know why but I also like video content as the form of education and explanations, it seems to be easier for understanding especially when the person tells about it, this guy is not bad:
https://www.youtube.com/watch?v=sh7jXV3nwUo

i have looked far and wide for a lot of blogs and videos on this topic;
for me personally "whiteboard crypto" has really been the winner.
the style in which this guy presents is really eye catching.

hey there is nothing in link!
 

Easy way understanding with hindi?