What Is Bitcoin?

[bambazamba]

Everyone has their own definitions of What is Bitcoin, like according to some people it is a way to get rich instantly , some people see it as an asset which will provide them good returns in the future, some think as a commodity to buy other alt coins and so on. But the real use I think and I have founded is to have fast transactions of money over the globe, from any country without the need of banks or companies like PayPal.

[degaga15]

I agree with you, bitcoin is internet money arguably a new payment alternative that is very easy and fast development.

[johnlofar]

Bitcoin is virtual currency and good asset.bitcoin is good for fast online transactions.bitcoin price always changes.bitcoin is very transparent,many countries accepted the bitcoins.bitcoin is word wide currency.

[noory]

I think Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.

[justspare]

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.

Bitcoin is a digital currency, earned and invested online saved is digital wallet. It can’t be said that it is virtual money because it can be used for buying and selling and is invested so it is real money but in digital form. It can be used only when you have a connection to internet.

It has many features in which the foremost is that it is anonymous and is quick, easy and simple to be transferred and give upto100% profit.

[mitha rosdiana]

in my opinion, bitcoin is the currency online.
But are you happy with that answer? I can not prove it bitcoin as currency, unless I can use bitcoin like currency. i need to exchange bitcoin with fiat so i can spend it? That's my reason, bitcoin is the online currency, and bitcoin is not like gold that needs to be exchanged first.

[racham02]

For me, I Think bitcoin is a form of cryptocurrency and digital payment system. and bitcoin also created digitally by a community of people that any one can joined. Bitcoin also can be held as an investment, they are million unique users using a cryptocurrency wallet mostly of them using bitcoin.

[josephpogi]

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

Bitcoin is a mode of payment and bitcoin is not a fiat money but this is a digital currency that cannot handle but you can convert it into real money !fuat money  i know that bitcoin is our future money so keep holding this and become rich someday.

[Ru chin Salcedo]

Bitcoin is a virtual currency which is called cryptocurrency. There are other crytocurrency now existing in the market like etherium and xem. All of this cryptocurrency are used in paying bills, buying load, and other transactions online even stocks like poloniex and bitrex uses this type of cryptocurrency. It replaces the traditional money and removes third party in transfering money

[pathapoddo]

Bitcoin is a decentrelized online currency. It is easy to transfer. But it is not available in all the country of the world.It is true that bitcoin is depends on internet, if Internet goes off it will also off.But it's not possible. I hope it will be the best always.

[Huawei202]

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It is the number one in the whole world.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! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

[The Monkey King]

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

Bitcoin is the new type of crypto currency as of now. It is also being g named as a digital currency by many people. Users are really loving the use of it because it is very beneficial to people. It is also coined by Satoshi Nakamoto.

[Nyenyepogi]

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 bitcoin is a hope for us because bitcoin can give a money to buy anything and i think because of bitcoin many people become rich someday if they believe in bitcoin.

[normanderecho]

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 bitcoin is a hope for us because bitcoin can give a money to buy anything and i think because of bitcoin many people become rich someday if they believe in bitcoin.

For me bitcoin is a money for people need or help for us so that some of people thanks of this forum because he\she give a chance to become a rich..

[Minionnn]

bitcoin is digital money, it has many benefits for the user, besides it is risky for the investor. From the internet, one can earn bitcoins by many ways.

[_Mikasa_]

Bitcoin is a CURRENCY same as dollars. In every country the value of bitcoin is equal. Value of bitcoin is changing/flactuating just like the other currencies world wide. In my opinion, bitcoin can be a good world wide currency because its value does not change worldwide.

[Krishan_94]

Bit coin is the first digital currency which was born in 2009. This gave the birth to crypto world. Now bitcoin is the main medium of crypto currency.

[phelbaby]

The currency not presented as coin. Online money that is not issued by any authority or treasury, neither can be control by them.

[Alok_Yadav]

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

Bitcoin is a cryptocurrency, the first and still the biggest example of its type. At its core, it’s a new form of digital asset, created through a canny combination of encryption and peer-to-peer networking.

If you own a bitcoin, what you actually control is a secret digital key you can use to prove to anyone on the network that a certain amount of bitcoin is yours.

If you spend that bitcoin, you tell the entire network that you have transferred ownership of it and use the same key to prove that you are really you. In that respect, your key is similar to a password that allows you access to your money, except with no possibility of resetting your key if you lose it. Anyone else who manages to discover your key would gain total, irreversible control over your cash. The history of all the transactions made is a lasting record of who owns which bitcoin: that record is called the “blockchain”.

[Ermegay]

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.