What is the meaning of Bitcoin?

[denny27]

Surely peoples who are familiar with and close to bitcoin will not be unfamiliar with this question, all of them know with a lot of information in the internet world. Bitcoin is a virtual currency that was successfully developed by someone named Satoshi nakamoto. This currency is like a regular currency that has value, which is only available in the digital world. And one thing bitcoin is my best friend too.

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[jostorres]

Surely peoples who are familiar with and close to bitcoin will not be unfamiliar with this question, all of them know with a lot of information in the internet world. Bitcoin is a virtual currency that was successfully developed by someone named Satoshi nakamoto. This currency is like a regular currency that has value, which is only available in the digital world. And one thing bitcoin is my best friend too.

Bitcoin is just a concept of virtual currency that is available on internet only. There is no physical form of bitcoins but it is the most expensive asset in the present era. Nobody knows much about his creator, Satoshi Nakamoto, other than his name for sure. May be Mike Hearn can help us in this quest.

[Wipro]

Surely peoples who are familiar with and close to bitcoin will not be unfamiliar with this question, all of them know with a lot of information in the internet world. Bitcoin is a virtual currency that was successfully developed by someone named Satoshi nakamoto. This currency is like a regular currency that has value, which is only available in the digital world. And one thing bitcoin is my best friend too.

Bitcoin is just a concept of virtual currency that is available on internet only. There is no physical form of bitcoins but it is the most expensive asset in the present era. Nobody knows much about his creator, Satoshi Nakamoto, other than his name for sure. May be Mike Hearn can help us in this quest.

I do not think that Mike hearn is the inventor of bitcoin. He might be supportive person to him or learned after bitcoin has been created. OP created this thread to know meaning of bitcoin right!
Instead of searching with the people in the forum, you could just google it know about it.

[Babyrica0226]

Well im new to this site..as well as to bitcoin.. can anybody help me or just give me a link directed to a forum which is already created for newbs like me..
Thank you.. appreciated ur advice (in advance)

Bitcoin is a digital or virtual currency where it can be use for online payment, sending money, and others. Here is the video explaining what bitcoin is, https://www.youtube.com/watch?v=k0HmrSfJwhU after you watch this video you can also read this link teaching how to make profit into bitcoin https://bitcointalk.org/index.php?topic=1629118.0 good luck, and good day.

[eleah24]

According to : investopedia

Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

Read more: Bitcoin http://www.investopedia.com/terms/b/bitcoin.asp#ixzz4rSsVCYq5
Follow us: Investopedia on Facebook

[DonPakito]

According to dictionary
The meaning of bitcoin is a type of digital currency in which encryption technique are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of central.

Like what the dictionary said the transaction are made with no middle men meaning no bank included and there are no transaction fees with out giving your true identity. Bitcoin is new currency and it was created in 2009 by the unknown person using alias Satoshi Nakamoto.

[jatin729]

Bitcoin is virtual currency which can be use like fiat currency in now a days.
When it was created value of BTC was about 0.004 USD and now you can see near about 5000USD.
Bitcoin has potential to change the world.

Bitcoin has made internet more interested. many people want to earn bitcoin.

[erickkyut]

Bitcoin is a digital currency. It is the future money wherein you can use it for buying things online, sending remittances overseas, paying your bills, loading your prepaid number and a good type of investment. Many people belive that it has the potential to be the universal currency and be accepted and legalized worldwide.

[josephpogi]

Surely peoples who are familiar with and close to bitcoin will not be unfamiliar with this question, all of them know with a lot of information in the internet world. Bitcoin is a virtual currency that was successfully developed by someone named Satoshi nakamoto. This currency is like a regular currency that has value, which is only available in the digital world. And one thing bitcoin is my best friend too.

Bitcoin is just a concept of virtual currency that is available on internet only. There is no physical form of bitcoins but it is the most expensive asset in the present era. Nobody knows much about his creator, Satoshi Nakamoto, other than his name for sure. May be Mike Hearn can help us in this quest.

Nice. as for me bitcoin is digital cryptocurrency in the future and this is our future money. bitcoin can easly use bitcoin is free to use even your a graduate or not or maybe your a student it will give us a oppurtunity to buy something that they want.  just sharing ideas to others .

[pikebu]

In my personal opinions bitcoins is instrument of investment on internet, i don't use bitcoins for payment daily in my real life, bitcoins now just to be used for trading altcoins and bitcoins, bitcoins is not good enough for to be currency especially for small amount payment due to the fees transaction is expensive, so bitcoins is more suitable be considered as digital asset than new currency.

[ramyon]

bitcoin is the online currency that became the phenomenon of the world of financial and investment in recent months. Bitcoin is being discussed by various media as its value rises in 2013 up from $ 13 per 1 BTC (code from bitcoin) and closes at $ 800 per 1 BTC at the end of the year, even reaching $ 1,200 in early December

[carlerha]

According to : investopedia

Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

Read more: Bitcoin http://www.investopedia.com/terms/b/bitcoin.asp#ixzz4rSsVCYq5
Follow us: Investopedia on Facebook

Yes I also agree with these meanings. Bitcoin is created in 2009, and it is a digital crypto currency. Bitcoin has no physical existence. You can purchase and sell bitcoin online. Bitcoin generally not owned by any person or government, because it is used for transaction and buying and selling for the purpose of easiness and comfort for the people throughout the world. So it is not a legal currency of a specific country.

[Biggapp]

In my personal opinions bitcoins is instrument of investment on internet, i don't use bitcoins for payment daily in my real life, bitcoins now just to be used for trading altcoins and bitcoins, bitcoins is not good enough for to be currency especially for small amount payment due to the fees transaction is expensive, so bitcoins is more suitable be considered as digital asset than new currency.

You can make investment only with valuables and bitcoin is therefore an expensive asset or currency that has no solid form. If you are not willing to buy daily stuff with bitcoins because of high fees transactions, then it is your problem and that doesn't count bitcoins out of the currency circle.

[bitllionaire]

According to : investopedia

Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

Read more: Bitcoin http://www.investopedia.com/terms/b/bitcoin.asp#ixzz4rSsVCYq5
Follow us: Investopedia on Facebook

yes that is very right that bitcoin is a digital currency which is mostly use as for online purposes. but in future we can expect that we ill also use bitcoin in our local shops. although a lot of other digital currency are created but bitcoin is the mother of all as all the other digital currencies are the alt of bitcoin.

[whitemacna]

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment. ... The P2P network monitors and verifies the transfer of Bitcoins between users.

[Bitcoinislifer09]

Meaning taken from Wikipedia:

Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released 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 a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.

* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.

* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

link: https://en.wikipedia.org/wiki/Bitcoin

Bitcoin is the new currency nowadays.It is also 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 used also in online transactions like paying billsFor me, In other words bitcoin is a online investment.

[paaatrisya]

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

[patchot]

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

[cybersofts]

Let me explain you what is bitcoin the kids way:
Bitcoin is digital currency that is fast, secure, decentralized, and acceptable worldwide.
Bitcoin network is peer-to-peer similar to bittorrent, the network operates on thousands of nodes across the globe owned by individuals.  

[javainn]

there are many definitions of bitcoin, but bitcoin is now one of the most valuable coins in the world of cryptocurrency coins today which is very popular and has very good prices.