what is bitcoin

[Enotche]

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

[uname]

what is bitcoin

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

[Boosterious]

what is bitcoin

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

[daringdiscovered]

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

[StoreBit]

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

[thend1949]

what is bitcoin

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

[iv4n]

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

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

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

[GreenBits]

what is bitcoin

Really man? Really?!

  

I hate you.

[MWesterweele]

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

[Mvaporis1961]

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

[Nowl1935]

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

[lienfaye]

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

[Oralmat]

what is bitcoin

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

[bittrojan]

what is bitcoin

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

[Nowl1935]

what is bitcoin

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

[Sled]

what is bitcoin

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

[groll]

what is bitcoin

According to Wikipedia,

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

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

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

[isen]

what is bitcoin

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

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

[ImHacked]

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

[nicojaewpunk]

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