What Is Bitcoin?

[Keeminakar]

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

[Sumo]

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.

[Btcepoy11]

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.

[amwer]

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.

[Vendetta666]

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

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.

[potatocrasher69]

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.

[joykulot]

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.

[intrueder]

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

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.

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.

[zhanghoqi5]

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.

[hongtham]

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

[potatocrasher69]

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

[michellee]

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.

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.

[Modalusaha]

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

[Elaine29]

Bitcoin is the new currency.