As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once. The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.

Let's say, there's alot of wild guesses and predictions about what Bitcoin would be in the year 2018, as 2017 held the grasp of Bitcoin as it gained more attention as the years go by, Will Bitcoin be consistent or will Bitcoin fall? What's your opinion?

It’s been a big year for bitcoin, and it could go bigger soon. As 2018 kicks off with talk of Ripple and other cryptocurrencies soaring in value, Satoshi Nakamoto’s original white paper outlining a decentralized cryptocurrency will celebrate its tenth birthday. What lies ahead of bitcoin as it enters it second decade? Although many talk of bitcoin as a bubble, some analysts believe the price could go 10 times higher over the coming year. Whether that’s a good thing is a whole other question. Another area of concern is the futures market. The Chicago Board Options Exchange last month started allowing traders to agree on contracts based on the future predicted price. But following a much-hyped start, concerns have been raised around the low number of contracts — just 1,098 more contracts open from the end of the first week to December 29. However, pointing to evidence that more people want to buy in, Bitcoin expert Spencer Bogart said that he could see the cryptocurrency hitting $50,000 over the coming year. An October poll by Harris showed two percent of Americans own Bitcoin but 19 percent said they are likely to buy over the next five years, representing a tenfold increase in market size.

I'll promise you constructive posts if given a chance, and will fully commit to the rules stated above.

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Not straight-forward a big "NO" because if you have studied mining and have known sources of cloud mining sites that will really provide you bitcoins then I don't think that Bitcoin mining should be denied instantly, but if you are new to Bitcoin then I'd suggest you study and be skillful about mining, because there are tons of scam cases in the past few years wherein people would get scammed in mining not being aware that they are mining fake BTC, and this is why we should be literate enough to know and be sure of its legitimacy.

Japan, on its verge to fully gain the potential of their economy, as it will rise upward and continually to grow.

Basically my plans with bitcoin is to stack it up, find a good timing to convert into my currency.

Australian entrepreneur says he invented bitcoin. Australian entrepreneur Craig Wright says he's the inventor of the digital currency bitcoin. Wright told the BBC that he is Satoshi Nakamoto, the shadowy creator of the cryptocurrency, in a move that could end the years-long search for the inventor. New bitcoins are generated by a competitive and decentralised process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialised hardware and are collecting new bitcoins in exchange. Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralised digital currency, as the system works without a central bank or single administrator.

The drop would definitely be a big loss if it wasn't for china I guess.

First of all bitcoin has many negativities, people feel like using bitcoin is not safe, too much freedom means people can do many things, things like scams, phishing, and more, hackers can easily break through, this is why we need to be extra vigilant, aside from people who has not experienced getting scammed yet be extra careful especially if you are holding holding a large amount of bitcoin.

Satoshi Nakamoto is the name used by the unknown person or people who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double-spending problem for digital currency.

A fair society is being a good example as an individual to influence other, then influence became a thing, as well as being a fair society.

This would be a good topic for you all, I just want to know your insights about bitcoin's potential in the future. Any opinions about it?

Intro vs. Extro, I think each of these 2 has pros and cons...

I guess the dangers of bitcoin is that it is not safe, by the term " not safe" It means that it is not 100% secured because there are scammers in th web, that is why you should be vigilant.

Speculative vision about bitcoin's currency would increase about 50-70%

Bitcoin will definitely survive! Bitcoin has tons of potential.

The benefits of bitcoin is that you'll be able to get income with less stress, less hassle, and you can be able to work at home.

As a newbie this is true, you have to avoid spam my dear bitcoiners

Yes the Philippines has its problems. It is still poor, but less so than in the recent past. And there is still corruption, but again less so. And it is still hot and prone to typhoons, earthquakes, and volcanoes. Well, not much you can do about that one, but no place is perfect. Since I brought up the negatives of Philippines geography, I should bring up the positives. Both the beaches and the mountains are absolutely beautiful. And when you can see the mountains from the beaches, even better.