What Is Bitcoin?

[Macukica]

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.It’s the first example of a growing category of money known as cryptocurrency.

[odakorlina]

Bitcoin it's a digital currency. It can be spent only once per owner and only by the person who owns them.

[zulkarnaen]

bitcoin is a digital currency that serves as a means of payment transactions through online, and for now bitcoin functions have not been much for payment transactions in my country due to limited facilities that provide the means of the transaction.and slightly more often used for business purposes such as trade and investment

[yeamin.rsl]

Bitcoin is something like that a digital asset or digital cash. Bitcoin transactions are made with man to man , there is no middle man such as banks. That's why there is no transaction fee  .

[Tantalala]

It is the first decentralized peer-to-peer payment system supported by its users without a central authority or intermediaries.  No one controls the Bitcoin network as no one owns the technology behind the email. Bitcoin can also be seen as the most prominent existing triple entry accounting system.

[Edsemen]

bitcoin is the most indemand cryptocurency (Internet money)

Bitcoin is a kind of work thats looks like a game that you will take time to make it level up and most of your time will be in bitcoin, kind of addictive job that would not take your regular work and unlike regular work it earns easy as you will post and take time to wait just to be patience and money will be Come in unpredictable time.
Also bitcoin is kind of money that comes up through net.

[tinystone26]

Bitcoin is all about digital currency that serve as a payment transaction. They're solve the employment issue in our country.bitcoin is the best way to help people how to make a money.

[BILGPS]

bitcoin is the digital currency and it is the modern world crypto currency which is very precious and famous in the present time. Bitcoin is the internet forum which is not controlled by any body it was started by satoshi and no body have seen him still there are large scale businesses are increasing through this crypto currency and it is very profitable for them

[Denilatm]

Bitcoin is a Digital Currency, which was made as an other option to the money we know about. Essentially, it is a cash which isn't overseen by a national bank, so no national bank/Government controls or manages the money, it is controlled and directed by the proprietors of the cash itself. As the cash depends on an open-source code which can be inspected by anybody.

[farhansadik]

Bitcoin is a online currency. This type of currency is called cryptocurrency. It was created in 2009. It runs it's system in online.This coin has a decent price which can increase or decrease. Anyone can buy or sell bitcoin or exchange it with other currencies. Now it is used worldwide in online payment system. One can give or get any online payment through bitcoin even for pizza. As it's price increases one can make a good profit with this coin.

[sana gull]

Bitcoin is a Digital Currency, which was made as an other option to the money we know about. Essentially, it is a cash which isn't overseen by a national bank, so no national bank/Government controls or manages the money, it is controlled and directed by the proprietors of the cash itself. As the cash depends on an open-source code which can be inspected by anybody.

yes i am following your answer that bitcoin is a digital cryptocurrency which make a lot of people future by investing in bitcoin and also investing in bitcoin giving a lot of information which happened worldwide and which make a person aware from everything which is also a good thing about bitcoin i like.

[ramyon]

Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Rupiah or Dollar, but only available in the digital world. The concept may be like eGold, though in fact it is much different.

[JohnBitCo]

Of course bitcoin is a currency with no fix or stable price. Most of people use this currency to make some profit and other are using for normal sale purchase of online goods and some for paying money in bitcoins for services. Then there are traders who buy it at low price and hold them until the price go up and sold them to get more profit .Its a mother of Crypt-Currency. Its easy to get them online and its my favorite currency.

[Dod Ong]

I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.

For example, I will start with the obvious: Bitcoin is internet money

Is this a perfect explanation? Of course not. This is where you come in.

Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.

The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.

Make sense?

So I will repeat the starting point: Bitcoin is internet money

For me the bitcoin is my past time or hobby because when im bored i post here in bitcoin. The other people think to the bitcoin is money, but not only money are the topic here in bitcoin.

[Mehdi.Habib]

Bitcoin is a decentralized digital currency. People can purchase anything from any online shop through Bitcoin. There are no transaction fees and no middle man.

[8Habits]

Bitcon is a new generation of decentralized digital currency, created and operating only on the Internet. No one controls it, currency issuance occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. This is the essence of bitcoin. Anyone around the world can run a script to extract bitcoins on his computer and feel like a mini-central bank.

Nice one for a newbie like you to clearly explain what bitcoin is in the community. Although it does not necessarily mean that when you are just newbie in the forum, you are also new to bitcoin - of course, there are bitcoin veterans out there that have no accounts here. I am just happy to read quality posts here from a newbie like you mate.

[dyewic]

Decentralized truth ledger.

For me bitcoin is a digital currency that consist in the blockchain and on the cryptocurrency and can convert to fiat  money or real money, its not like online games that you might across while playing because the technology of bitcoin is so much stronger. And many people say bitcoin is just for fun and just for our needs to buy what we need and what we want but for me bitcoins is not just for fun and just for our needs because bitcoin for me is the future that's bitcoin for me. How about you fella?

[Kmrherradura05]

Bitcoin is a digital currency which was created by an unknown person with an alias of Satoshi Nakamoto. Transactions are made with no middle men,.meaning it is decentralized and not manipulated or controlled by anyone. Some people used Bitcoin as an investment, taking risk and hoping they'll go up or increase in value.

[AjithBtc]

No one is clear about the vision of bitcoin or the objective with which it has been innovated. It is an open network that functions flawless backed by the blockchain technology which gives life to the asset. Initially people didn't had a good opinion upon bitcoin as well the technology later has grown high with the goodness it provided through different form to the people who believed in its potential.

[turkmachiavelli]

I think bitcoin is international a currency. it desn't spreadet to all worl but All world know this money so ıt is not just ınternet money ıt is a global monay. All of us can use easily btc.Btc will improve it self I belive that.